Following the Thread: Twitter’s Legal Threat, An Alzheimer’s Drug Approval, & AI in the Workforce 7/07/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 7 July 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Twitter is now accusing Facebook parent Meta of “systematic” and “unlawful misappropriation” of trade secrets following the launch of its Threads service. Max Tani, Semafor media reporter, discusses the lawsuit against Meta and why some users are unhappy with Twitter. June’s jobs report is here! The U.S. labor market might be cooling, but the Fed is likely still on track for another hike in July. In other workforce headlines, a report from Goldman Sachs suggests that AI could displace 300 million full time jobs and simultaneously boost GDP. Tsedal Neeley, Harvard Business School professor, and Jaclyn Rice Nelson, CEO of Ai consulting firm, discuss the impact of A.I. on hiring trends, how companies can implement the new technology, and more. Plus, the FDA has granted full approval to Alzheimer’s drug Leqembi, Treasury Secretary Janet Yellen is halfway through her trip to China, and Amazon CEO Andy Jassy is speaking up on his company’s long term AI strategy. In this episode: Max Tani, @maxwelltani Jaclyn Rice Nelson, @tribe_ai Tsedal Neeley, @tsedal Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick 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
0:06.6	CNBC producer Cameron Costa.
0:09.0	Today on our podcast, Twitter's testy letter to Meta over the new Twitter rival, Threads.
0:17.0	Max Tawney, the Semaphore reporter with the Scoop, explains what Twitter's lawsuit threat is really about.
0:24.5	While Meta might have hired some former Twitter engineers and staff,
0:29.0	none of them even supposedly worked on this product.
0:32.0	And jobs, jobs, the U.S. labor market is easing, but AI's grip on hiring still going strong.
0:41.6	Hybrid workplace expert, Siddal Neely.
0:44.0	It's important to experiment.
0:46.0	It's also incredibly important to understand all the harms and the liabilities
0:50.0	that come with these, anywhere from bias to misinformation and the opportunity for
0:56.1	employers with founder of tribe AI Jacqueline Nelson. I'd expect to see
1:01.2	companies of the future running with with fewer people, but there are many more companies.
1:06.0	And so opportunity still will abound.
1:09.0	Those stories plus full FDA approval for a new Alzheimer's drug.
1:14.8	Amazon CEO Andy Jassy speaking out on AI
1:18.7	and Treasury Secretary Janet Yellen
1:21.0	halfway through her visit to China, it seems is going pretty well.
1:25.8	CMC's Beijing Bureau Chief Eunice Eun.
1:28.9	Her plane landed on the tarmac and that a rainbow appeared.
1:32.3	It's Friday July 7th. Final
	...

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