“Chief Twit” Calls It Quits, & Cybersecurity in the Age of AI 5/12/23

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2 • 543 Ratings

🗓️ 12 May 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Elon Musk has announced his plan to step aside as Twitter CEO, and has hired NBCUniversal global ad chief Linda Yaccarino to take his place. CNBC’s Julia Boorstin reports on the news, and former CEO of Ford Mark Fields discusses what this decision means for Tesla’s shareholders. Good and bad actors are leveraging AI in their work; Heroic Ventures founder and AI investor Michael Fertik discusses recent innovations in cybersecurity, as hackers use AI to create more efficient scams and other cyber tech players work to combat them. Plus, negotiators in Washington are still working on a debt ceiling solution. In this episode: Kayla Tausche, @kaylatausche Julia Boorstin, @JBoorstin Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod and I'm C.N.C. producer Cameron Costa.
0:08.0	On today's episode, Elon Musk moving aside as CEO of Twitter and an NBC ad executive reportedly
0:17.1	taking his place. see NBC's Julia Borston. I think for Elon Musk as he
0:22.2	manages Twitter I think that she would be someone who could really sure up those
0:25.7	relationships with advertisers he's focusing on the product she'd be the one who
0:29.3	could really build out the ad business. How she'll do it and what it all means for Tesla shareholders, former Ford CEO Mark Fields.
0:38.3	The bottom line is a lot of investors and shareholders were concerned that he was spending too much of his time there.
0:44.0	It was basically sucking up all this time.
0:47.0	And hackers are using AI to enhance their fishing attacks.
0:51.0	We're talking turbocharged cyber crime with technologist
0:55.3	and AI investor Michael Furdick. You can imagine perhaps a more scary scenario
1:00.5	where deep fakes might be used to impersonate your CEO's voice.
1:05.8	Those stories, but first those DC debt ceiling discussions still dragging on.
1:12.9	We're on the ground in Washington with
1:14.7	Cairletauchy.
1:16.4	Negotiators try to find common ground between two fairly distant positions.
1:21.6	It's Friday, May 12th, 2023, and Squawk Pod begins right now.
1:27.0	Good morning and welcome to Squawkbox here on
1:32.6	C.N. Bessie, we're live at the Nasac Market site in Times Square.
1:35.1	I'm Melissa Lee along with Joe Kern and Becky and Andrew are off today.
1:38.6	Today's meeting with President Biden and top congressional leaders has been
	...

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