Salesforce Debuts Einstein GPT & JP Morgan Sues Jes Staley over Jeffrey Epstein Ties 03/09/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 9 March 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Salesforce is the latest tech powerhouse to join the ChatGPT mania, now offering Einstein GPT. The offering draws on OpenAI’s technology that’s taken the tech industry by storm. Salesforce Service Cloud CEO Clara Shih discusses the future of generative A.I., details behind the company’s contract with ChatGPT, and how much data goes back to ChatGPT. Credit and debit spending per household decelerated in February to 2.7% year-over-year according to Bank of America’s consumer spending data. Liz Everett Krisberg, head of the Bank of America Institute, discusses the state of the consumer, when more normal spending patterns will return, and more. Plus, CNBC’s Eamon Javers reports JPMorgan Chase is suing its former investment banking chief Jes Staley over his ties to disgraced former financier Jeffrey Epstein, alleging Staley is to blame for any legal fallout from a pair of lawsuits against the bank. In this episode: Clara Shih, @clarashih Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Zach Vallese, @ZachVallese

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Zach Valise, today on Squackpot.
0:09.0	Wall Street bracing for Fed Expectations.
0:12.0	If things are bad, then go to a place that shows... racing for Fed expectations.
0:12.6	If things are bad, then go to a place that shows that things are bad.
0:16.0	And the data that might lead to big rate hikes.
0:19.2	The markets are teasing us.
0:20.4	No, it's the economy is teasing.
0:22.0	AI is coming for your office.
0:24.2	Salesforce taking a step into the ring with their new surface,
0:27.5	Einstein, GPT.
0:29.2	Sales Forces Clara Shee.
0:31.1	AI is only as valuable as the quality and the trustworthiness of the data.
0:35.8	New data showing consumers are feeling flush.
0:38.8	Bank of America's Liz Everett Crisper.
0:41.5	Consumers across all income levels have money.
0:43.8	They have got 50% more than they did pre-pandemic.
0:47.0	Plus the rest of today's stories that got us squawking, from the wrestling ring to a Wall Street
0:52.2	scandal.
0:52.8	Should a bank be aware of where every employee, wherever senior executive, is spending his weekends?
0:58.6	It's Thursday, March 9th, 2023.
1:02.0	Squawk Pod begins right now.
	...

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