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Speaker 1: This is Bloomberg Technology with Caroline Hyde and Ed Ludlow.
Speaker 2: Live from New York. I'm Caroline Hyde. You are watching
Speaker 2: Bloomberg Technology. The news coming out of AI infrastructure. The
Speaker 2: fact that we saw from soft Bank, Open Ai and
Speaker 2: Oracle a deal to be investing at one hundred billion
Speaker 2: dollars more in infrastructure or potentially five hundred billion. Will
Speaker 2: get to more of that in a moment in video
Speaker 2: gets a lift. But Larry Ellison is everywhere at the moment,
Speaker 2: and let's just talk about that. Because President Donald Trump
Speaker 2: said he would be open to Oracle chairman Larry Allison,
Speaker 2: indeed Eel Musk purchasing Tiktook. It's part of a joint
Speaker 2: venture with the US government. Let's bringing blombags Alex Levine,
Speaker 2: who is trying to dissect the narratives going on around TikTok,
Speaker 2: because they aren't the only key bid on the table.
Speaker 3: It was he.
Speaker 2: I mean, we haven't even got one from Larry Ellison
Speaker 2: and Neil Musk.
Speaker 4: There are a bunch on the table. I think the
Speaker 4: most important thing to note up top is that ByteDance
Speaker 4: has not made any indication publicly that they are interested
Speaker 4: in selling TikTok's US business. It's possible that could change
Speaker 4: now that the app has been shut down for a
Speaker 4: brief period this past weekend, and also that they're at
Speaker 4: the end of their legal road, but they've made no
Speaker 4: indication that they want to sell if they do. Consider
Speaker 4: who are the potential buyers on the table, Well, we
Speaker 4: know that Elon Musk and Larry Allison, based on what
Speaker 4: Trump said up the White House just yesterday, are people
Speaker 4: that he'd be open to potentially selling to. But we
Speaker 4: also heard yesterday that there is a new bid that
Speaker 4: was assembled by a tech entrepreneur who is the founder
Speaker 4: of employer dot com, and he has assembled a group
Speaker 4: of American investors that actually includes mister b Sir Jimmy Donaldson,
Speaker 4: who is the highest earning and followed creator on the Internet.
Speaker 4: So again, remains to be seen whether any of these
Speaker 4: go anywhere, but I do think that well, they are
Speaker 4: not the first and they will probably not be the
Speaker 4: last that we see spring up in the next you know,
Speaker 4: several weeks or months.
Speaker 2: What we're trying to understand is what on earth a
Speaker 2: joint venture with the US government would possibly look like.
Speaker 2: This has going to be getting the current investors in
Speaker 2: bite dance Avid attention, General Atlantic. Bill Ford has been
Speaker 2: speaking in Davos to Axios and he's saying, look at
Speaker 2: the negotiations we'll be kicking off this week.
Speaker 3: Yep.
Speaker 4: So I think that we can expect to see a
Speaker 4: little bit more movement. But it's also important to remember
Speaker 4: that everything we have heard thus far, especially from Donald Trump,
Speaker 4: who is really the one that has leverage over this,
Speaker 4: it's all been very mushy. So that has been mushy.
Speaker 4: I think the one thing that is clear is that
Speaker 4: political connections at this point are going to rule the day.
Speaker 4: And Trump doesn't seem interested anymore really in talking about
Speaker 4: data protection or what kind of technical fix this could be.
Speaker 4: He really wants to strike business gold. He wants a
Speaker 4: lucrative deal for the United States, and he knows that
Speaker 4: he is now the one that has the most leverage.
Speaker 2: Alex Lavigne working double time. We appreciate it, and let's
Speaker 2: talk about what else President Trump has been unveiling, and
Speaker 2: a sweeping program to speed up AI infrastructure is one
Speaker 2: of them dubbed Stargate. The initiative, we'll see SoftBank, Open
Speaker 2: Ai and Oracle forming one hundred billion dollar joint venture
Speaker 2: to build out new data centers and campuses. We want
Speaker 2: to talk about more of this because it involves other
Speaker 2: technical players like in Video and Microsoft and arm holdings.
Speaker 2: We're joined by Navarna Singh. She is the CEO of
Speaker 2: AI governance platform Credo AI, a member of the White
Speaker 2: House's National AI Advisory Committee that was formed, of course
Speaker 2: under the previous administration. Navrina, it feels as though the
Speaker 2: safety is again in this case, going to one side
Speaker 2: and it is all out investment in infrastructure, governance doesn't matter.
Speaker 3: Hello from Damos. Good to see you. You know, it's
Speaker 3: interesting because we are seeing a slightly different narrative on
Speaker 3: the ground. We are actually seeing that there's a lot
Speaker 3: of excitement around artificial intelligen which is powering every industry,
Speaker 3: and governance and trust building is right central to it.
Speaker 3: Here at Davos, we have enterprise leaders from some of
Speaker 3: the top companies, we have policymakers, we have governments represented.
Speaker 3: And what's really interesting is artificial intelligence is the talk
Speaker 3: of the day, but more importantly is trust so I'm
Speaker 3: not seeing safety and trust conversations moving to the side.
Speaker 3: I'm actually seeing the still being right in the focus here.
Speaker 2: But he undid that executive order that potentially you helped
Speaker 2: advise on previously about AI safety and governance. So do
Speaker 2: you still think that businesses will commit to having a
Speaker 2: creator come in when they are also looking to build out?
Speaker 2: How new is this investment seeming from soft Bank, from
Speaker 2: Oracle and from open AI.
Speaker 3: You know, the Trump administration has been investing a lot
Speaker 3: in artificial intelligence, just like the previous government has invested
Speaker 3: a lot in AI in the past couple of years.
Speaker 3: I think we are going to continue to see the
Speaker 3: momentum in this space. Now what format takes I would
Speaker 3: say the next forty eight hours, any two, next six months,
Speaker 3: I'm going to tell. But there is still a lot
Speaker 3: of discussion around what does good guardrails, what does good
Speaker 3: governance for this very powerful technology look like? And as
Speaker 3: you know, this is such a broad space. Artificial intelligence
Speaker 3: technology is creating markets and markets within markets, and guardrails
Speaker 3: are becoming central to the conversation around trust and risk management.
Speaker 2: Certainly, it still remains important to Europe and there are
Speaker 2: two very different tacks being taken. It feels like from
Speaker 2: EU regulation in US regulation, with your expertise having advised
Speaker 2: the previous administration and potentially still working for this next
Speaker 2: one in an advisory role of RENA. Do you think
Speaker 2: this one hundred billion dollars maybe five hundred billion dollars
Speaker 2: is actually new or is it just being packaged in
Speaker 2: a new way, because look, apparently all the infrastructure was
Speaker 2: already being built in some way in Texas according to
Speaker 2: Larry Ellison, and we already heard from US year She's
Speaker 2: said about his one hundred billion dollar intentions.
Speaker 3: It might not be a new idea, but I think
Speaker 3: this is showing further commitment to this transformational technology. So
Speaker 3: is this a good step in the right direction? Absolutely?
Speaker 3: Now what this means in terms of making sure that
Speaker 3: we are driving growth responsibly that is yet to be determined.
Speaker 2: Have you been asked for advice on that by the
Speaker 2: new administration? How do you think your role will continue
Speaker 2: to blossom or not with government?
Speaker 3: So we are continuing to serve the new administration as
Speaker 3: well as you recall, I've been on the National Air
Speaker 3: Advisory Commission for the past three years and I have
Speaker 3: committed to serving the new administration in the coming three years,
Speaker 3: So looking forward to contributing to our nation's growth, especially
Speaker 3: in artificial intelligence.
Speaker 2: And Avrena just leave us with what Europe thinks about
Speaker 2: all this kind is there as they do focus in
Speaker 2: on the governance side.
Speaker 3: So as you can imagine, you act goes into effect
Speaker 3: in a weeks, especially with the EI in literacy requirements
Speaker 3: as well as requirements around the prohibited use cases. So
Speaker 3: there's a lot of discussion right now at Davos around
Speaker 3: what does EI literacy mean for an enterprise, Because to
Speaker 3: be able to build and grow with artificial intelligence and
Speaker 3: bring all the prosperity that everyone's talking about, you need
Speaker 3: to be literate about these technologies, and so what we
Speaker 3: are seeing on the ground right now is a lot
Speaker 3: of conversation around AI literacy and what that means for enterprise.
Speaker 2: Thank you for sharing some of your time in Davos,
Speaker 2: Creative Aica and Avrina Singh staying warm late there. We
Speaker 2: appreciate it. This is bretting by technology