Alphabet Plunges on AI Chatbot Rollout, Uber’s Earnings Beat the Street & Khosla Ventures Founder Vinod Khosla on Artificial Intelligence 2/8/23

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 8 February 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show looking at Alphabet shares sliding on the company’s AI chatbot rollout, with analysis from Verge Editor-in-Chief Nilay Patel and Evercore ISI Head of Internet Research Mark Mahaney. Then, our Julia Boorstin previews Disney’s earnings after the bell, and CNBC’s Eamon Javers reports on legal fees stemming from the collapse of FTX. Next, Goldman Sachs Asset Management Portfolio Manager Brook Dane discusses how to position your portfolio amid rising rates, and CNBC’s Kate Rooney looks ahead to fintech earnings from Robinhood and Affirm this afternoon. Later, Khosla Ventures Founder Vinod Khosla shares his perspective on big tech’s push into artificial intelligence.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Carl Quintanilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern listen in.
0:06.8	Good Wednesday morning. Welcome to Tech Check. I'm Carl Quintanilla with John Fort and Deere-Gerbosa. Today alphabet shares are struggling. A messy rollout in Paris today
0:15.7	if its chat gPT competitor is sending the shares down almost 8%. We'll talk
0:20.4	and we'll ask a chat gPT's first venture investor about all this hype.
0:24.2	Vinod Cozla is going to join us this hour.
0:26.2	Later on, surge pricing over for Uber.
0:28.4	That's stock coming back to Earth after a pop at the Open D,
0:31.9	but some pretty positive commentary from Dara today.
0:35.2	Yep, it did turn negative for a moment there but really I cannot take my eyes off of
0:40.8	alphabet. The AI race continues to play out among Tech Titans and on Wall Street
0:45.3	today that is hitting shares of Google Parent very hard where its session lows down nearly 8%
0:51.2	and this is amid an all-round messy rollout of its chat GPT competitor Bard.
0:55.4	At its own AI event this morning in Paris, there was no CEO, Senator Pichai, and there was no public
0:59.9	launch date.
1:00.9	Unlike Microsoft's event yesterday, Bard played a supporting role to other
1:04.8	announcements at the company. Now Wall Street certainly took note, some saying the features
1:08.6	pale in comparison to Microsoft's announcement yesterday, and the demos were just too niche.
1:13.8	In fact, the AI Chatbot, known as Bard,
1:16.1	gave an incorrect answer and an online ad
1:19.6	that is making the rounds on Twitter right now.
1:21.6	And guys, this all gives the impression
1:23.8	of a Google on the backfoot.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.