Will Regulators Beat the Wiz? + The ‘Yes Chef’ Ryan Hardy

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RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 17 July 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan and Deirdre Bosa, host of CNBC's Tech Check, delve into the AI craze in both public and private markets, analyzing Google's potential $23 billion acquisition of Israeli AI firm Wiz. They discuss the AI industry's rapid growth, the cautious market outlook from influential players like Goldman Sachs and Sequoia Capital, and expectations for Q2 tech earnings. The conversation also touches on the regulatory landscape and its impact on significant deals and the new race for tech companies to develop small language models. Chef and restaurateur Ryan Hardy of Delicious Hospitality Group joins after the break. Ryan delves into his culinary origin story, starting from his Kentucky roots and his professional growth in San Francisco during the 90s, to his eventual success in New York City with notable establishments like Charlie Bird and Pasquale Jones. Hardy shares his experience in curating airline menus for JetBlue, his business philosophy, and the challenges and opportunities of managing hospitality in an evolving technological landscape. The conversation also touches on Hardy's venture into hotel management, the impact of inflation, and the importance of mentorship in the hospitality industry. — 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 Ok Computer. I'm Dan Nathan, joined by Deirdre Bosa. She is the host of CNBC's Tech Check.
0:07.0	Dibo.
0:08.0	Hi, great to be back.
0:09.0	We have a great show for you today after Deirdre and I discuss all things AI. There is a large deal brewing, possibly with Google taking a look at WIS.
0:19.0	We're going to dig into that and kind of talk about the winners and the losers.
0:23.0	We're going to talk a little bit about just the AI frenzy that's just turned into a little bit of a mania in both the public and private markets.
0:30.4	Maybe it's gotten a little too hot in what's been a very hot summer.
0:33.5	And then we'll talk a little bit about some of the largest tech names into Q2 earnings, which is going to get started in earnest with Netflix later this week.
0:41.8	And then we get into over the next two weeks or so, the MAG 7.
0:45.6	If you will, also stick around for my conversation with Ryan Hardy, a great friend, chef, restaurant tour, and the CEO of the Delicious Hospitality Group.
0:56.9	We're going to talk a little bit about his experience in the hospitality space, going from
1:00.9	a chef to a chef owner and how he thinks about media.
1:04.5	So stick around for that.
1:05.6	Debo, let's talk about this.
1:07.0	You were on CNBC's Fast Money last night and reporting throughout the day on CNBC about this proposed deal I don't know if it's going to happen or not
1:14.1	Google's looking at WIS this is Israeli AI firm valuing the company at 23 billion
1:19.7	dollars it just started out what four years ago or so they raised a billion
1:24.1	dollars in May at a 12 billion valuation talk Talk to me. What's going on here?
1:27.8	Well, the first thing to know is that WIS is an absolute darling. It has sort of the who's who's of
1:32.8	venture capital backing it from index ventures to Sequoia Capital to Andresan Horowitz. You mentioned
1:38.0	that $23 billion price tag that Google may be willing to pay for it, that is nearly double what it was last
1:44.4	valued at just a few months ago. I had lunch actually with the CEO and co-founder Asaf Rappaport
	...

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