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AMD CEO on new $1 billion AI supercomputer partnership with the Department of Energy
CNBC Television· 2025-10-28 14:52
The U.S. has formed a $1 billion partnership with Advanced Micro Devices to construct two supercomputers that will tackle large scientific problems ranging from nuclear power to cancer treatments to national security. AMD CEO Lisa Su joins CNBC's 'Squawk on the Street' to discuss. ...
October consumer confidence comes in at 94.6
CNBC Television· 2025-10-28 14:50
Morning, Carl. Yes, a rarified day where we're actually getting some data. Our October read on consumer confidence from the conference board expecting a headline number around 93 and a half.Comes in stronger, 94.6%. 94.6% will be the best since August when we were just shy of 98. There is a positive revision in the rearview mirror from 942 to 95.6%, which means it isn't sequentially higher after you take the revision into account.As for present situation one 129.3% much better than expected that follows 125 ...
Bill Gates softens 'Climate Disaster' approach, says strategy needs to shift
CNBC Television· 2025-10-28 14:30
Climate is a super important problem. Um there's enough innovation here to avoid super bad outcomes. We won't achieve our best goal uh the 1.5% or even the two degrees.And as we go about trying to minimize that, we have to frame it in terms of overall human welfare, not just everything should be uh solely for climate. >> How much of your your own view is a function of just contextually what's happening in the world versus what I think you've thought for a long time about the climate. Well, if the aid budget ...
Royal Caribbean CEO: Still seeing strong demand from consumers for travel experiences
CNBC Television· 2025-10-28 14:18
Jason Liberty, CEO of Royal Caribbean Cruises, joins CNBC's 'Squawk on the Street' to discuss the cruise line's latest earnings, expectations for 2026, and much more. ...
CleanSpark CEO discusses company's pivot from pure-play bitcoin mining to AI
CNBC Television· 2025-10-28 14:16
So, I want to start this conversation with an announcement you made exactly a week ago. Uh, CleanSpark is moving away from being a pure play Bitcoin mining company and introducing AI compute into its portfolio. Talk to me about what's behind that shift for CleanSpark spec specifically because you're not alone.I mean, lots of miners have been doing the same. So, talk to me about this decision. Well, Bitcoin miners are uniquely positioned in that we have the ability to build out and energize data centers very ...
Passion isn’t enough, says climate banker. Here’s how to pitch a sustainable business idea
CNBC Television· 2025-10-28 14:13
Career Advice - In a competitive environment like banking, individuals should recognize their value and competence, trusting in the recruitment process that identified their potential [1] - It is important to have confidence and believe in one's capabilities, especially in professional settings [1] Capital Raising for Sustainability Businesses - When seeking investment, sustainability-focused businesses must balance their passion for impact with a clear articulation of potential financial returns [2][3] - Early-stage businesses need to demonstrate how they will generate returns for investors to secure funding [3][4] - Securing capital is vital for the survival and growth of businesses, particularly those in disruptive industries like sustainability [4]
OpenAI finalizes recapitalization plan
CNBC Television· 2025-10-28 14:11
Guys, you know, we we uh in the last moments have gotten a couple of press releases from both OpenAI and Microsoft that are detailing the recapitalization that we've been keeping a close eye on of Open AAI. Remember, of course, one of the most important companies in the world, frankly, is Open AI, but it's a private company. It has been a notfor-profit and has been in the midst of a recapitalization to change that essentially and to become a public benefit corporation um as well as then having the open a uh ...
Opening Bell: October 28, 2025
CNBC Television· 2025-10-28 14:09
soft as well can now independently p pursue artificial jeller intelligence in partnership with third parties. So they're together but they're also going their own way. >> But I absolutely love the clarity ahead of tomorrow's quarter.Everybody that's going to say what is Microsoft really now we know it's Azure is going to now pull away. We're going to see selling at Amazon and I did hope that we would get a piece of >> Yeah, that'll be the next big question is who can get to be a compute provider. Uh let's g ...
Amazon laying off about 14,000 corporate workers as it invests more in AI
CNBC Television· 2025-10-28 13:59
So, Amazon saying this morning it's going to lay off about 14,000 corporate employees as it restructures for the AI era, marking the latest move in a multi-year effort to streamline operations and shift resources toward its biggest bets, including generative AI. Now, in a blog post, Amazon's HR chief Beth Galleti said that the cuts are aimed at reducing layers and bureaucracy so that the company can move faster. She called AI the most transformative technology since the internet and said Amazon needs to be ...
Sierra co-founder Bret Taylor on AI agents' role in an evolving global landscape
CNBC Television· 2025-10-28 13:58
AI Model Advancements - Consumer-facing AI models are rapidly improving and experiencing cost reductions [1] Partnerships - Sierra is partnering with Minted online marketplace [1] Geopolitical Impact - Geopolitical turmoil is impacting AI spending [1]