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Closing Bell

Closing Bell: The Power and Pitfalls of AI 6/6/23

Closing Bell

CNBC

News, Business

4.4140 Ratings

🗓️ 6 June 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

What does this new frontier mean for the future… and for investors? Brad Gerstner of Altimeter Capital gives his unique, expert take. Plus, a rare interview with AI pioneer Mustafa Suleyman – the co-founder of Deepmind – on the big risks of artificial intelligence. And, we hear from Sridhar Ramaswamy – Neeva co-founder and Snowflake SVP – developed what some are calling a “co-pilot for the enterprise software industry.” He weighs in on the future of AI and the company that he thinks is winning the AI arms race.

Transcript

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0:00.0

Welcome to Closing Bell. I'm Scott Wopner live today from one market in San Francisco.

0:05.0

This special hour begins with the mania around AI, the risks, rewards, and runaway success of the stock set to benefit from this transformational technology.

0:14.6

We have several special guests joining us today.

0:16.9

Brad Gerstner, he's the founder, he's the chairman and CEO of Altimeter Capital,

0:21.2

and he is with me for the hour today. In just a little bit we'll have a rare interview with AI pioneer

0:27.1

Mustafa Suleiman the co-founder of Deep Mind a company sold to Google back in 2014 is Alphabet losing out in the AI Arms Race?

0:36.3

We will ask him.

0:37.3

Niva's co-founder, Shritar Ramaswani, is here too.

0:40.7

He ran Google Search for 15 years. He just sold Niva to Snowflake. Who else was interested in that?

0:47.2

Oh, we're going to ask him that as well. Find out where all of this is heading as well.

0:52.4

Let's check the markets with 60

0:53.8

minutes to go in regulation you see here. Dow's a marginal loser today.

0:57.5

Been read slightly for most of the day. Nasdaq, what else is new? It's been

1:01.4

positive for most of the day. Tech names like alphabet and

1:04.6

Meta hitting new highs today and there is the Russell the winner today for

1:08.8

sure. Brings us to our talk of the tape. AI, the power and pitfalls of this new frontier and what investors need to know.

1:16.4

For that we welcome in Brad Gerstner.

1:18.5

It's good to be back with you here where it all started.

1:21.2

I think the first time we had an interview in person was out here and now we are covering what is this this new frontier when you were with me last.

1:28.0

You said quote, we have one of the most significant technology disruptions of our lifetime probably

1:34.0

bigger than the internet itself. Walter Isakson alluding to the same thing in an

1:37.8

interview I did with him a short time ago. This is everything.

...

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