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Closing Bell

Closing Bell: The Next Wave of AI 6/10/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 10 June 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

We take you inside the fast-moving world of AI. We discuss who is winning the race and – perhaps most importantly – where the next big investments are being made for tomorrow. You’ll meet the people, the companies and the technologies on the cutting edge – as well as innovations that will transform the way we will live, work and interact with each other. We have exclusive interviews with AWS CEO Matt Garman, Anthropic angel investor Anjney Midha, Notable Capital’s Jeff Richards and tech investor Ankur Crawford from Alger.

Transcript

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0:00.0

All right, guys, thanks so much. Welcome to a special closing bell. I'm Scott Wapner, live from San Francisco.

0:07.7

Over the next hour, we're going to take you inside the fast-moving world of AI. Who's winning the race today?

0:13.4

And perhaps most importantly, where the next big investments are being made for tomorrow.

0:17.8

You'll meet the people, the companies, the technologies on the cutting edge

0:21.3

innovations that will transform the way we'll live, work, and interact with each other in the

0:26.1

years ahead. To help us tell that story today, we have exclusive interviews with AWS CEO,

0:32.3

Matt Garman, Anthropic Angel investor, Anjne Midda, V.C., Jeff Richards, and tech investor, Anker Crawford,

0:40.2

on where she's placing her biggest bets today.

0:43.6

It's great to have you with us.

0:44.7

The next wave begins now with our dear Jabosa here at One Market.

0:48.8

Thanks for being with us today.

0:50.0

Well, I love that you're doing this show, Scott.

0:51.6

So I had to dig deep and figure out some of the buzziest stuff that maybe people on Wall Street

0:55.7

hadn't necessarily heard of, but is big here.

0:59.2

So one of the biggest shifts in AI that I'm seeing this year and constantly talking about

1:03.3

with founders and CEOs and the CEOs in the Bay Area is the shift from the foundation layer

1:07.8

to the app layer.

1:08.8

It is no longer about who is building the smartest

1:10.9

model. It's about who's turning it into a business. So take AI first coding. It's also known as

1:16.0

vibe coding, the idea that anyone can build software just by describing or prompting what they want,

1:21.4

including my nine-year-old who's also taking a course here and creating stuff. Now, you have

1:25.7

startups like cursor that are building for

...

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