Navigating the Metaverse: Davos Day 5 5/27/22

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 27 May 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Forward-looking companies are simultaneously navigating the uncertainty of today’s markets while beginning to compete in the ‘metaverse.’ Accenture CEO Julie Sweet sits down with CNBC’s Andrew Ross Sorkin at the 2022 World Economic Forum to discuss how her company is using its own metaverse to onboard 150,000 new company employees throughout the year. Andreessen Horowitz also plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut; the Silicon Valley firm launched the largest crypto fund ever this week, a new $4.5 billion fund to back Web 3.0 projects like crypto and blockchain companies. Arianna Simpson, Andreessen Horowitz general partner, discusses the firm’s newest crypto bet. In this episode: Julie Sweet, @JulieSweet Arianna Simpson, @AriannaSimpson Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi there, I'm CMVC producer Cameron Costa.
0:07.0	Today on Squawkpad, we're heading into the Metiverse.
0:11.0	What makes this blockchain project different
0:14.4	from all the others?
0:15.8	With Andreeson Horowitz general partner Ariana Simpson.
0:19.6	We think that focusing on actually understanding
0:22.3	the content and viewing this as a major technology shift
0:25.6	rather than a short-term financial asset is a critical part of the story.
0:30.5	How her firm is deploying the world's largest crypto fund to build up our new reality
0:36.7	even when the markets are topsy-turvy. We view Web 3 as the next computing
0:41.8	platform and major technology platform.
0:44.0	So our investors and our portfolio companies are very much dedicated to the mission
0:48.7	regardless of where we are in the market cycle.
0:51.3	Plus how web three is already changing work life at Accenture with CEO Julie Sweet.
0:58.0	When you are talking on a team's call, only one person can talk at the same time.
1:02.0	When you go to the Accenture Mediverse, you talk at the same time. When you go to the
1:02.6	Accenture mediverse you talk to the person near you, you can't hear the people
1:07.2	that's farther away and you can move around the room. It's Friday, May 27th,
1:12.2	2022 and Squawk begins right now. This week, if you've been following along was the first in-person World Economic
1:27.4	Forum since 2020 and one of the topics that kept cropping up was whether
1:32.2	in-person meetings are slowly being rendered less and less necessary.
	...

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