Squawk Pod Reports from Davos: General Atlantic’s Bill Ford 01/17/24

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 17 January 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with General Atlantic Chairman and CEO Bill Ford. After the firm’s latest acquisition of Actis, General Atlantic will have $100B under management. Since inception, the firm has deployed $60B into over 500 companies, including Uber, Airbnb, Etsy, Mobileye, Chime, and TikTok parent ByteDance. Ford sits on the boards of BlackRock and Bytedance and shares his perspective on the global energy supply and US concerns about Chinese technology. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	We've doubled down on content moderation, which is basically trying to screen out negative content,
0:08.9	content related to hate, violence in any kind.
0:11.6	Private Equity Giant and Bight Dance Board member Bill Ford
0:15.5	at the World Economic Forum in Davos, Switzerland.
0:19.0	You got Tik-Tock on your phone still?
0:20.3	I assume. It's still there. The CEO and chairman of General Atlantic is talking
0:27.3	Tik-Tok, Tech, and China. I think we've seen the bottom in terms of
0:31.4	economic performance in China and it should improve this year.
0:34.0	Plus how he pushed his firm's assets under management from $78 billion to $100 billion in a single energy acquisition.
0:44.4	Well, the demand for EVs might wax and wane.
0:47.0	The demand for power is growing.
0:48.4	And what's driving that demand for power?
0:51.2	Data centers, for example.
0:52.3	I mean, data centers today use about 60 gigawatts of power to few of them.
0:57.3	With AI it's going to be 10 times that number in the next decade.
1:00.4	I'm CNVC producer Cameron Costa.
1:02.8	Squack-Pod reports from Davos General Atlantic's Bill Ford
1:07.1	begins right now. Another big Davos interview, in between the meetings, the panels, the dinners of the
1:22.4	famous World Economic Forum in Switzerland,
1:25.1	some of the biggest leaders in attendance, business giants like our next guest,
1:29.5	stop by the Squackbox set to sit with our anchors Joe, Becky, and Andrew.
1:35.0	It's always fun.
	...

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