AI in the Newsroom & Jay Powell: “So Far, So Good” 12/14/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 14 December 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Federal Reserve Chair Jay Powell surprised Wall Street with his announcement of a more dovish approach to inflation, moving forward. Powell signaled a 2024 of rate cuts from the central bank. OpenAI scored a deal with Politico and Business Insider parent Axel Springer, the company’s second deal with a news organization. Tulane Professor and Perella Weinberg Advisory Partner Walter Isaacson discusses AI’s role in newsrooms and the deals’ impacts on journalism. The Project Liberty founder Frank McCourt explains his idea for reclaiming our personal data online and keeping kids safe on the internet. Plus, Citigroup is offering early bonuses to departing employees. Frank McCourt - 16:35 Walter Isaacson - 25:51 In this episode: Walter Isaacson, @walterisaacson Michael Santoli, @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squack Pod.
0:09.0	Open AI has landed a deal in news, how artificial intelligence will use journalism and how
0:14.8	journalism will use AI.
0:16.8	Walter Isaacson.
0:17.8	The principles of copyright we have apply to AI and to all new technologies.
0:23.0	I think this could be a God send for good journalism.
0:27.0	And how our personal data informs those algorithms.
0:31.0	Project Liberty founder Frank McCourt
0:33.4	on reclaiming ourselves online.
0:36.1	Imagine you being in charge now
0:38.3	when you log on to the internet.
0:39.8	Apple's not in charge.
0:41.1	Meta's not in charge.
0:42.2	Google or Amazon are not in charge. Med is not in charge. Google or Amazon are not in charge.
0:44.0	Those conversations, but first, the big economic story of the day, the week, the month?
0:50.0	I was just stunned at Powell's commentary.
0:52.0	Fed Chair Jay Powell Powell surprising us all.
0:54.0	I thought we would be in this sort of tea leaf reading process this morning
0:58.0	with a pivot at the Central Bank.
1:00.0	So far so good.
1:02.0	It is Thursday, December 14th, 2023. Squawk Pod begins right now.
	...

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