OpenAI’s Future & the Price of Tariffs 2/13/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 February 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Elon Musk will withdraw his $97.4 billion bid for OpenAI’s nonprofit arm if the ChatGPT maker stops its conversion into a for-profit entity, according to a court filing. Geoff Lewis, Bedrock founder and an investor in OpenAI, discusses AI competition, Elon Musk, and more. President Trump announced new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Jeff Currie, Carlyle chief strategy officer of energy pathways, discusses the impact of President Trump’s tariffs on commodities, producer inflation, and the state of U.S. oil production. Plus, Alibaba says it will be Apple’s AI partner in China, and President Trump announced his call with Russian leader Vladimir Putin, during which they discussed negotiating to end the war in Ukraine. Geoff Lewis - 8:46 Jeff Currie - 17:20 In this episode: Geoff Lewis, @GeoffLewisOrg Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:04.3	This is SquawkPod, and I'm CNBC producer Cameron Costa.
0:08.6	On today's episode,
0:10.6	I think we do need to delete entire agencies.
0:14.4	Another day, another Elon Musk headline, or two,
0:18.5	how he's pushing efficiency in the government and why he wants Open
0:23.0	AI, the company he co-founded, to stay a nonprofit, Open AI investor Jeff Lewis.
0:29.6	I feel like the world should be big enough for these two entrepreneurs to both coexist.
0:35.7	And President Trump announces reciprocal tariffs.
0:39.3	Today, Jeff Curry is Carlisle's chief strategy officer of energy pathways,
0:44.3	and he argues steel and aluminum tariffs might not be a great idea.
0:49.3	If you think AI is power-intensive, aluminum's a whole different world. It is six times more power
0:56.8	intensive than AI data centers. An onshoreing aluminum also not a good idea. This would be
1:03.7	incredibly disruptive to power grid. There's a reason why it was outsourced to begin with.
1:08.9	It's Thursday, February 13th, and SquawkPod begins right now.
1:14.5	Stand Becky by in three, two, one.
1:17.4	Cuea, please.
1:19.6	Good morning, everybody, and welcome to Squawk Box right here on CNBC.
1:23.7	We're live from the NASDAQ market site in Times Square.
1:26.2	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
1:29.3	We're here.
1:30.3	Made it to Thursday.
	...

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