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WSJ Tech News Briefing

Apple CEO Tim Cook’s Playbook to Working With Donald Trump

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 26 November 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

Apple CEO Tim Cook has done something that has eluded many other corporate leaders: He’s cracked the code on working with President-elect Donald Trump. What’s his playbook? And will others follow suit? WSJ reporter Chip Cutter joins host Julie Chang for a look at how some corporate executives could work with the new administration. Plus, artificial intelligence could help bring down the cost of college. We explain how. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

exchanges the goldman sacks podcast featuring exchanges on rates inflation and u.s recession risk

0:12.1

exchanges on the market impact of ai for the sharpest analysis on forces driving the markets

0:18.8

and the economy count on exchanges between the leading

0:22.1

minds at Goldman Sachs. New episodes every week. Listen now.

0:31.7

Welcome to Tech News Briefing. It's Tuesday, November 26th. I'm Julie Chang for the Wall Street Journal.

0:40.9

Artificial intelligence could help bring down the cost of college. How? We'll explain. Plus,

0:48.6

one tech CEO has cracked the code on working with President-elect Donald Trump. What's his playbook? And will others

0:56.0

follow suit? Our reporter Chip Cutter takes a look at how some corporate executives could work

1:01.3

with a new administration. Up first, a lot of the discussion around AI involves its potential to replace millions of jobs.

1:13.7

But Kartik Hosniger, a professor of technology and digital business at the Wharton School of the

1:18.8

University of Pennsylvania, says that there are potential upsides to AI, especially when it comes to

1:25.1

cutting costs for big expenses, like college and even healthcare.

1:29.5

He says that AI has the ability to bring down prices for more complex and expensive services

1:36.0

by boosting worker productivity and automating tasks.

1:39.9

Kartik Hosanager wrote about this for the Wall Street Journal, and he's with me now.

1:44.3

Kartik, let's take a step back for a minute.

1:46.8

Can you give an example of a time when automation drove down prices?

1:51.1

So, for example, with industrialization of the textile mills a century or two ago,

1:58.8

we saw a pretty significant increase in worker productivity as a result

2:03.6

of that, which helped actually bring down the cost of textiles and help change what was really

2:10.6

a small cottage industry into a massive global industry, where bringing down the costs, increased demand for these products, and help create

2:20.5

ultimately large-scale employment for a lot of people, but also just massive reduction in the

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