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On The Tape

The Killer AI Device is Already in 2 Billion Pockets

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 26 June 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

CNBC TechCheck’s Deirdre Bosa joins Dan Nathan on Okay, Computer. European regulators are cracking down on American Big Tech companies with the Digital Markets Act. What's the impact on these firms and will it actually hurt the stock price (2:00)? Is the iPhone the AI device of the future (9:00)? Databricks has the edge on Snowflake, is there any rush to go public (18:00)? Articles Mentioned Apple’s AI killer is... the iPhone (TechCheck) Businesses Want Slower AI Models—And That Might Hurt Nvidia (The Information) Databricks Has an Edge on Snowflake—but It May Not Be as Big as Investors Think (The Information) Apple, Meta Have Discussed an AI Partnership (WSJ) Databricks Has an Edge on Snowflake—but It May Not Be as Big as Investors Think (The Information) — View our show notes here Learn more about Current: current.com Listen to 'Strategic Alternatives': https://www.rbccm.com/en/gib/ma-inflection-points Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod. We’re on social: Follow @dee_bosa on Twitter Follow @GuyAdami on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0

Welcome to O K Computer. I'm Dan Nathan, joined by Dear Jibosa. She is CNBC's host of Tech Check. Debo. Welcome back.

0:08.5

Hello, straight off, a tough loss for the Oilers. Oh, man, your Edmonton Orioles. That was a great comeback. It was a great series.

0:17.7

That last period was absolutely amazing, wasn't it? It was just frenzied.

0:22.1

That's one word of describing it. It was tough. I really thought that they might pull it off

0:26.6

and come back in that last period. Oh, yeah. Well, Connor McDavid, he wins the, what, he wins the

0:31.7

award for best player in the playoffs. I mean, that was pretty amazing for a guy who lost the series. But again, you got next year. week or so and some of the stuff has been bubbling up. The EU is all up in the grill of big

0:54.7

U.S. tech a little bit. You had a great piece on tech check. I think it was about a week ago

1:00.0

talking about Apple's killer AI app. I want to kind of dig into that a little bit, a week

1:05.5

and a half later. I think it's interesting to see how the stock reacted, how analysts are

1:09.7

feeling about it, how investors are feeling about it, how investors are

1:11.3

feeling about it. So that was a really good one. And then obviously there's more talk about

1:15.2

Apple and who they're going to collaborate with on some of these large language models and

1:20.0

how they're going to integrate it into Apple AI. And lastly, this is one I think is really interesting.

1:25.2

I love to get your take on it, the information on an article. I think a few days ago about this brewing battle between Databricks and Snowflake,

1:32.4

one company that's in the private markets, one that's in the public markets. And they both

1:36.6

have similar market capitalizations, if you want to call that for Databricks in the private

1:40.9

markets. So we'll get into all of that. Where do you want to start, Dee?

1:50.2

Ooh, so many good places. Let's get EU out of the way because let me tell you, I do not love an EU regulation story. It's one of my least favorite things to cover because at CNBC, we want

1:55.1

actionable stuff. And even though the regulators are tougher, a lot tougher than the American

1:59.8

ones, it never has an

2:01.7

impact on the stock prices of the mega caps. And it has very little impact on their longer term

2:06.5

business models, too, right? They're kind of like speeding tickets or a slap on the wrist. But

...

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