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Squawk on the Street

Squawk on the Street+ OpenAI COO Brad Lightcap 10/7/24

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 7 October 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

Brad Lightcap, OpenAI COO, joins CNBC's David Faber to discuss the company’s relationship with Apple, how OpenAI benefits economically from this partnership, and much more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Open AI raising $6.6 billion.

0:02.6

It's a close of one of the largest funding rounds ever for a private company, now valuing OpenAI at $157 billion.

0:11.3

Joining us now, it's a CNBC exclusive.

0:13.8

Open AI's chief operating officer, Brad, Lightcap, Brad, good to see you.

0:17.2

Good to see you.

0:17.6

And nice to learn that you're a Mets fan as well.

0:20.0

That I am.

0:20.5

I could spend the entire

0:21.4

interview on that, but I think the rest of our viewers might be a bit disappointed. You have a fairly

0:27.0

large remit as COO, but certainly partnerships are one of the key things I know you've focused on.

0:31.5

So I'd love to start with Apple. A lot of questions there, exactly what the relationship is in terms

0:36.7

of your help with Apple intelligence.

0:38.5

What can you tell us about what the partnership means for OpenAI and what Apple conceivably will get out of it?

0:45.0

Yeah. Well, hey, it's great to be here. Good to see you again. Apple's obviously an amazing company.

0:51.2

We're really thrilled to be part of Apple intelligence. We think it's a big step forward,

0:55.3

both for Apple. It's a first step, but it's a big step. It's the first time that we're going

0:59.8

to have AI really start to integrate into the device. You know, if you think about kind of how people

1:05.4

have used AI to date, it's mostly been accessing it through like apps and, you know, really, really simple

1:11.9

kind of services. But for the first time now, you can do really, really interesting things

1:15.4

on the device. So you can actually take a picture, for example, through the camera and

1:20.2

actually have Chat ChapteeBT understand what's going on in that image. And that's, you know,

1:24.9

that's, we think that's going to create tremendous value for consumers. And for the 250 million people that use chat GPT every week, we think it's just going to be another way for them to experience it.

...

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