Well, I'm excited because just like 2008 at the moment, I'm 0% cash. You're 0% cash. Founder friendly has become bullit, right.Any hot AI deal, there is no diligence provided, nor is any done. It's just done on Saturday. All you can lose is one extra money.Having an early success is highly correlated with future success. Partly, you get the referral effect, but partly I think it's that you just have the stomach to roll the dice and you get braver. This is an epic monopoly like we've never seen.Think how muc ...

Let's get to Mackenzie Sagalos who caught up with OpenAI CFO Sarah Frier earlier today. Hey Mac. >> Hey Carl.So this is what that $300 billion deal between Oracle and Open AAI looks like. It is a massive data center in West Texas where Nvidia's chips are already powering Chat GBT and 4,000 Oracle workers are racing to finish construction behind me. I spoke exclusively with OpenAI CFO Sarah Frier who pushed back on concerns that these projects are slipping behind schedule.She said no one in history has built ...

Core Insights - OpenAI and Oracle have entered into a significant $300 billion deal to construct a massive data center in West Texas, which is currently under construction with 4,000 Oracle workers involved [1] - OpenAI is rebranding its infrastructure as "Stargate" and emphasizes the growing demand for compute power as the business expands, indicating confidence in future revenue generation [2] - OpenAI CFO Sarah Frier addressed concerns about potential market bubbles related to partnerships with Oracle, Broadcom, and Nvidia, asserting that the AI industry is still in its early stages, akin to the early years of Netscape [3] Group 1 - The $300 billion deal between OpenAI and Oracle involves a data center in West Texas powered by Nvidia's chips [1] - OpenAI is rebranding its infrastructure under the name "Stargate" to streamline its operations [2] - Frier highlighted the increasing demand for compute power and the company's capability to finance future growth [2] Group 2 - Concerns about market bubbles due to rising stock prices of Oracle, Broadcom, and Nvidia were addressed by Frier, who believes the AI era is just beginning [3] - OpenAI is considering new debt financing options to support its extensive infrastructure buildout [3]

As some Mag 7 stocks stall out, demand is surging for what we're calling the private mag 7. Our Mackenzie Sagalos has some of those numbers in today's tech check. Morning, Mac. Hey, good morning, Carl.So, we have got the latest reshuffle of the private magnificent 7 latestage ventureback companies named after the public market. Mag 7. Now, the bellweathers of private market performance.They are worth $1.2% 2 trillion dollars combined, nearly doubling in the past year, according to new data from Forge Global ...

Before Chat GBT, Alan Brooks says he didn't have a history of mental health illness. >> I genuinely believed that I had this this thing that could that had national security implications in my pocket and GPT just kept feeding it more. >> What started as a simple conversation about math turned into a 3-week spiral with a chatbot he named Lawrence.>> This is what I said to it. I said, I've told like three people, two don't understand what I'm saying and think I'm crazy. It says you're trying to share somethin ...

We've got a news alert on chat GPT parent open AI McKenzie Seagalos. What's going on. Hey there, Brian.So, OpenAI just made one of its biggest purchases yet, paying 1.1% billion in an all equity purchase for Stat Sig, according to a source close to the deal. Now, this is a software startup best known for AB testing and product experimentation with a customer list that includes Microsoft. Now, the deal stands out in an industry defined lately by aqua hires like Meta with Scale AI or Google with Windsurf wher ...

Welcome back to the exchange. Elon Musk's XAI is suing Apple and Open AI for alleged antitrust violations. CNBC's own Mackenzie Sagalas joins me now with that story and more.And Mac, what exactly is the impetus behind this particular lawsuit. >> So Elon Musk is going after Open AI again, this time suing both Apple and Open AAI for allegedly teaming up to shut out competition in the AI race. So, in a federal antitrust complaint filed in Texas, Musk's AI startup XAI and his social media platform X accused the ...

The Dow up about 210 points. We have a news alert right now on Elon Musk's XAI. Mackenzie Sagalos has those details for us.McKenzie, what are you learning. So, Contessa, Elon Musk is taking on Apple and Open AI in court. His AI company XAI just sued both tech giants in federal court, alleging that they've colluded to freeze out competition.Now, the complaint, which was filed this morning in Texas, claims that Apple's exclusive integration of Chat GBT into iPhones is an illegal antirust scheme that blocks ou ...

Meta AI is a total mixed bag. The chatbot is plagued by brand trust issues, unfinished features, and unclear direction. But the potential is massive.Just ask its rivals, Chat GBT, Google Gemini, Perplexity, and Microsoft Copilot. They've all called Meta AI impressive in some ways, frustrating in other ways. And they're not wrong.Meta's assistant now reaches over a billion users thanks to integration across Facebook, Instagram, WhatsApp, and devices like Rayban smart glasses and the Quest headset. But it's s ...

Meta AI is a total mixed bag. The chatbot is plagued by brand trust issues, unfinished features, and unclear direction. But the potential is massive.Just ask its rivals, Chat GBT, Google Gemini, Perplexity, and Microsoft Copilot. They've all called Meta AI impressive in some ways, frustrating in other ways. And they're not wrong.Meta's assistant now reaches over a billion users thanks to integration across Facebook, Instagram, WhatsApp, and devices like Rayban smart glasses and the Quest headset. But it's s ...