Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer, David Faber,

post-9 of the New York Stock Exchange. A bit of a wild pre-market this morning, but futures near some

session highs as we await CPI tomorrow yield somewhat well-behaved, 10 years back to 437.

Our roadmap begins with a prediction from Elon Musk.

He says AI will overtake human intelligence next year.

Also ahead, markets are trying to shrug off lower Fed rate cut expectations

as the head of tomorrow's key inflation data.

And Amazon's aiming for its first record closed, that is the stock, since 2021.

That's one day after hitting a fresh. It was fresh, Jim, that 52-week high, very fresh.

Let's begin with this ongoing AI revolution and the possible concerns down the road. Last night

on his social media platform X, Elon Musk weighed in on the rapid

development of artificial intelligence.

My guess is that we'll have AI that is smaller than any one human, probably around the end of next year.

And then AI, the total amount of sort of sentient compute of AI, I think will probably exceed all humans in five years.

We're going to get a lot more today, Jim. Google Cloud, CEO keynote at noon.

I love Tom Curry, and I think he's going to tell you, Thomas Curry's going to do a good job.

Don't call him, Tom. I will not.

Here's, I spent a lot of time at GTC, this is the, the Nvidia conference. And we talked so much about when they're going to be smarter.

And they are already. I was surprised what most said.

I mean, one of the things that Jensen says is put your hundred smartest people together in a room,

and it's smarter than they are.

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