Box CEO Aaron Levie on AI Regulation, Plus Interest Rates’ Impact on Silicon Valley 4/12/24

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 12 April 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Box is going all in on AI. The cloud management company just crossed $1 billion in annual revenue, and says there’s still a lot more opportunity ahead. We chat with CEO Aaron Levie on how regulators should tackle AI, how AI will impact jobs and hiring, Google’s AI strategy, and more. Plus, with sticky inflation increasing the chances of higher rates for longer, Silicon Valley investors are now paying close attention to what it means for their privately-held portfolios. We dig into what VCs have been saying and the divergence between AI startups and the rest of tech.

Transcript

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0:00.0	Our next guest is also going all in on AI. His company just crossed a billion dollars in annual revenue
0:05.3	and still says there's a lot more opportunity ahead for more we're joined by Aaron Lovey CEO and
0:09.9	co-founder of Box. Aaron, thank you for making the trip.
0:12.4	Hey, thanks for having me.
0:14.0	So you have been in DC this week, right? And you often talk to the regulators about sort of plans for AI.
0:22.5	Obviously you're as excited about anyone
0:24.3	as the possibilities and the opportunity.
0:26.7	What is the risk of regulation?
0:28.6	What did they tell you this week?
0:30.2	Are you more or less optimistic
0:32.3	that our own regulators have the right tools and the right
0:34.9	aims here? Yeah so most of the conversations were with Congress so obviously you know those
0:40.3	in Congress trying to figure out where do we take AI regulation and what are the
0:45.2	possible laws that we need to enact.
0:47.6	Let me just TLDR at first.
0:49.3	I'm actually very optimistic based on the conversations that I was involved in this week. I think we have a
0:55.4	Congress that while obviously many dimensions of it can be dysfunctional, I think there's a lot of productive
1:01.1	conversations happening around AI and one that is actually
1:05.2	taking a very optimistic tone. The conversations are about the improvements in health care,
1:09.6	in logistics, and education that AI can offer and so there's a sort of general understanding that you don't want to
1:15.5	over clamp down on this you don't want to over regulate to the point where you
1:19.2	could actually limit the progress that we can now see with AI so I think it's actually a really great time to be having this conversation
	...

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