OpenAI CEO Sam Altman & Amazon CEO Andy Jassy 2/27/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 27 February 2026

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

OpenAI has closed a staggering $110 billion funding round, more than doubling its record-setting raise from just a year ago. OpenAI CEO Sam Altman joins alongside Amazon CEO Andy Jassy to discuss the massive new capital infusion, the details behind OpenAI and Amazon’s $50 billion strategic partnership, and what comes next for agentic AI. Then, IBM vice chairman and former Trump NEC director Gary Cohn reacts to news that Block is cutting 40% of its workforce, citing AI efficiencies. Cohn discusses what those cuts signal about the future of work, the broader economy, and the market’s AI-fueled momentum. Plus, Paramount Skydance moves closer to a deal for Warner Bros. Discovery, and President Trump meets with New York City Mayor Zohran Mamdani. Gary Cohn 18:23 Sam Altman & Andy Jassy 32:55 In this episode: Gary Cohn, @Gary_D_Cohn Sam Altman, @sama Andy Jassy, @ajassy Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @ZachVallese

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm CNBC producer Zach Velisi.
0:07.0	Today on Squawk Pod.
0:10.0	A massive fundraise for the massively valuable private company, OpenAI.
0:15.0	$110 billion, including from Amazon.
0:20.0	Leaders of both companies join us on this news.
0:23.2	OpenAIs Sam Altman.
0:24.9	The more we see revenue growing, the more we see demand growing, the more we want to invest to be
0:30.5	able to serve that.
0:31.7	And Amazon's Andy Jassy.
0:33.7	This is the most significant transformation in technology, maybe business in our lifetime.
0:40.3	Plus, Paramount one step closer to a long-sought prize, the legacy assets of Warner Brothers Discovery.
0:49.3	It's either the end of Hollywood in theaters or it's the magification of Hollywood.
0:55.0	And we never thought artificial intelligence would come for us.
0:59.0	It's such a bonkers and backwards thing to think because here we have this great innovation,
1:04.0	this great technology is supposed to move us forward, which it may, but could take our jobs in the meantime.
1:10.0	It's Friday, February 27th, Squawk Pod begins right now.
1:16.3	Stand to enter by in three, two, one, Q and Andrew.
1:21.4	Good morning and welcome to Squackbox right here on CNBC.
1:24.2	We're live at the NASDAQ market site in Times Square.
1:26.2	I'm Andrew Ross Sorkin.
1:27.9	Becky is off today, but we've got a lot going on on this Friday morning. Take a look,
	...

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