WEBVTT - Trump's AI Superpower Ambitions

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news from the heart of

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<v Speaker 1>where innovation, money and power collide in Silicon Valley and beyond.

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<v Speaker 1>This is Bloomberg Technology with Caroline Hyde and Ed Ludlow.

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<v Speaker 2>Live from New York. I'm Caroline Hyde. You are watching

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<v Speaker 2>Bloomberg Technology. The news coming out of AI infrastructure. The

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<v Speaker 2>fact that we saw from soft Bank, Open Ai and

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<v Speaker 2>Oracle a deal to be investing at one hundred billion

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<v Speaker 2>dollars more in infrastructure or potentially five hundred billion. Will

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<v Speaker 2>get to more of that in a moment in video

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<v Speaker 2>gets a lift. But Larry Ellison is everywhere at the moment,

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<v Speaker 2>and let's just talk about that. Because President Donald Trump

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<v Speaker 2>said he would be open to Oracle chairman Larry Allison,

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<v Speaker 2>indeed Eel Musk purchasing Tiktook. It's part of a joint

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<v Speaker 2>venture with the US government. Let's bringing blombags Alex Levine,

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<v Speaker 2>who is trying to dissect the narratives going on around TikTok,

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<v Speaker 2>because they aren't the only key bid on the table.

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<v Speaker 3>It was he.

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<v Speaker 2>I mean, we haven't even got one from Larry Ellison

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<v Speaker 2>and Neil Musk.

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<v Speaker 4>There are a bunch on the table. I think the

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<v Speaker 4>most important thing to note up top is that ByteDance

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<v Speaker 4>has not made any indication publicly that they are interested

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<v Speaker 4>in selling TikTok's US business. It's possible that could change

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<v Speaker 4>now that the app has been shut down for a

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<v Speaker 4>brief period this past weekend, and also that they're at

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<v Speaker 4>the end of their legal road, but they've made no

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<v Speaker 4>indication that they want to sell if they do. Consider

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<v Speaker 4>who are the potential buyers on the table, Well, we

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<v Speaker 4>know that Elon Musk and Larry Allison, based on what

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<v Speaker 4>Trump said up the White House just yesterday, are people

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<v Speaker 4>that he'd be open to potentially selling to. But we

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<v Speaker 4>also heard yesterday that there is a new bid that

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<v Speaker 4>was assembled by a tech entrepreneur who is the founder

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<v Speaker 4>of employer dot com, and he has assembled a group

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<v Speaker 4>of American investors that actually includes mister b Sir Jimmy Donaldson,

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<v Speaker 4>who is the highest earning and followed creator on the Internet.

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<v Speaker 4>So again, remains to be seen whether any of these

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<v Speaker 4>go anywhere, but I do think that well, they are

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<v Speaker 4>not the first and they will probably not be the

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<v Speaker 4>last that we see spring up in the next you know,

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<v Speaker 4>several weeks or months.

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<v Speaker 2>What we're trying to understand is what on earth a

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<v Speaker 2>joint venture with the US government would possibly look like.

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<v Speaker 2>This has going to be getting the current investors in

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<v Speaker 2>bite dance Avid attention, General Atlantic. Bill Ford has been

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<v Speaker 2>speaking in Davos to Axios and he's saying, look at

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<v Speaker 2>the negotiations we'll be kicking off this week.

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<v Speaker 3>Yep.

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<v Speaker 4>So I think that we can expect to see a

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<v Speaker 4>little bit more movement. But it's also important to remember

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<v Speaker 4>that everything we have heard thus far, especially from Donald Trump,

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<v Speaker 4>who is really the one that has leverage over this,

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<v Speaker 4>it's all been very mushy. So that has been mushy.

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<v Speaker 4>I think the one thing that is clear is that

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<v Speaker 4>political connections at this point are going to rule the day.

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<v Speaker 4>And Trump doesn't seem interested anymore really in talking about

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<v Speaker 4>data protection or what kind of technical fix this could be.

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<v Speaker 4>He really wants to strike business gold. He wants a

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<v Speaker 4>lucrative deal for the United States, and he knows that

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<v Speaker 4>he is now the one that has the most leverage.

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<v Speaker 2>Alex Lavigne working double time. We appreciate it, and let's

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<v Speaker 2>talk about what else President Trump has been unveiling, and

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<v Speaker 2>a sweeping program to speed up AI infrastructure is one

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<v Speaker 2>of them dubbed Stargate. The initiative, we'll see SoftBank, Open

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<v Speaker 2>Ai and Oracle forming one hundred billion dollar joint venture

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<v Speaker 2>to build out new data centers and campuses. We want

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<v Speaker 2>to talk about more of this because it involves other

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<v Speaker 2>technical players like in Video and Microsoft and arm holdings.

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<v Speaker 2>We're joined by Navarna Singh. She is the CEO of

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<v Speaker 2>AI governance platform Credo AI, a member of the White

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<v Speaker 2>House's National AI Advisory Committee that was formed, of course

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<v Speaker 2>under the previous administration. Navrina, it feels as though the

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<v Speaker 2>safety is again in this case, going to one side

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<v Speaker 2>and it is all out investment in infrastructure, governance doesn't matter.

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<v Speaker 3>Hello from Damos. Good to see you. You know, it's

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<v Speaker 3>interesting because we are seeing a slightly different narrative on

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<v Speaker 3>the ground. We are actually seeing that there's a lot

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<v Speaker 3>of excitement around artificial intelligen which is powering every industry,

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<v Speaker 3>and governance and trust building is right central to it.

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<v Speaker 3>Here at Davos, we have enterprise leaders from some of

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<v Speaker 3>the top companies, we have policymakers, we have governments represented.

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<v Speaker 3>And what's really interesting is artificial intelligence is the talk

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<v Speaker 3>of the day, but more importantly is trust so I'm

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<v Speaker 3>not seeing safety and trust conversations moving to the side.

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<v Speaker 3>I'm actually seeing the still being right in the focus here.

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<v Speaker 2>But he undid that executive order that potentially you helped

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<v Speaker 2>advise on previously about AI safety and governance. So do

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<v Speaker 2>you still think that businesses will commit to having a

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<v Speaker 2>creator come in when they are also looking to build out?

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<v Speaker 2>How new is this investment seeming from soft Bank, from

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<v Speaker 2>Oracle and from open AI.

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<v Speaker 3>You know, the Trump administration has been investing a lot

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<v Speaker 3>in artificial intelligence, just like the previous government has invested

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<v Speaker 3>a lot in AI in the past couple of years.

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<v Speaker 3>I think we are going to continue to see the

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<v Speaker 3>momentum in this space. Now what format takes I would

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<v Speaker 3>say the next forty eight hours, any two, next six months,

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<v Speaker 3>I'm going to tell. But there is still a lot

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<v Speaker 3>of discussion around what does good guardrails, what does good

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<v Speaker 3>governance for this very powerful technology look like? And as

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<v Speaker 3>you know, this is such a broad space. Artificial intelligence

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<v Speaker 3>technology is creating markets and markets within markets, and guardrails

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<v Speaker 3>are becoming central to the conversation around trust and risk management.

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<v Speaker 2>Certainly, it still remains important to Europe and there are

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<v Speaker 2>two very different tacks being taken. It feels like from

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<v Speaker 2>EU regulation in US regulation, with your expertise having advised

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<v Speaker 2>the previous administration and potentially still working for this next

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<v Speaker 2>one in an advisory role of RENA. Do you think

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<v Speaker 2>this one hundred billion dollars maybe five hundred billion dollars

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<v Speaker 2>is actually new or is it just being packaged in

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<v Speaker 2>a new way, because look, apparently all the infrastructure was

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<v Speaker 2>already being built in some way in Texas according to

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<v Speaker 2>Larry Ellison, and we already heard from US year She's

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<v Speaker 2>said about his one hundred billion dollar intentions.

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<v Speaker 3>It might not be a new idea, but I think

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<v Speaker 3>this is showing further commitment to this transformational technology. So

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<v Speaker 3>is this a good step in the right direction? Absolutely?

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<v Speaker 3>Now what this means in terms of making sure that

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<v Speaker 3>we are driving growth responsibly that is yet to be determined.

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<v Speaker 2>Have you been asked for advice on that by the

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<v Speaker 2>new administration? How do you think your role will continue

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<v Speaker 2>to blossom or not with government?

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<v Speaker 3>So we are continuing to serve the new administration as

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<v Speaker 3>well as you recall, I've been on the National Air

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<v Speaker 3>Advisory Commission for the past three years and I have

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<v Speaker 3>committed to serving the new administration in the coming three years,

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<v Speaker 3>So looking forward to contributing to our nation's growth, especially

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<v Speaker 3>in artificial intelligence.

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<v Speaker 2>And Avrena just leave us with what Europe thinks about

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<v Speaker 2>all this kind is there as they do focus in

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<v Speaker 2>on the governance side.

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<v Speaker 3>So as you can imagine, you act goes into effect

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<v Speaker 3>in a weeks, especially with the EI in literacy requirements

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<v Speaker 3>as well as requirements around the prohibited use cases. So

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<v Speaker 3>there's a lot of discussion right now at Davos around

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<v Speaker 3>what does EI literacy mean for an enterprise, Because to

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<v Speaker 3>be able to build and grow with artificial intelligence and

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<v Speaker 3>bring all the prosperity that everyone's talking about, you need

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<v Speaker 3>to be literate about these technologies, and so what we

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<v Speaker 3>are seeing on the ground right now is a lot

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<v Speaker 3>of conversation around AI literacy and what that means for enterprise.

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<v Speaker 2>Thank you for sharing some of your time in Davos,

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<v Speaker 2>Creative Aica and Avrina Singh staying warm late there. We

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<v Speaker 2>appreciate it. This is bretting by technology