Tech
GoDaddy CEO On Tech Jobs: If I Were Donald Trump, I’d Focus On Students And H1-B Visas | CNBC
Blake Irving, GoDaddy CEO, discusses what the Trump administration should focus on when it comes to keeping tech jobs in the country and his company’s acquisition of its major European rival.
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GoDaddy CEO On Tech Jobs: If I Were Donald Trump, I’d Focus On Students And H1-B Visas | CNBC
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Venture capital is buying its way into the AI transformation that enterprise software hasn’t delivered. Instead of selling AI tools to companies, venture firms are buying legacy companies outright and rebuilding them around AI from the inside. The bet puts VCs on offense and leaves traditional private equity, which spent the last cycle buying enterprise software at peak prices, on defense.
The strategy is known in Silicon Valley as the AI rollup. Over the past six months it has crossed into public markets twice: General Catalyst and Trian’s $7.6 billion take-private of Janus Henderson (JHG) in December, and Long Lake Management’s $6.3 billion agreement in May to take American Express Global Business Travel (GBTG) private at a 65 percent premium. CNBC’s Deirdre Bosa has the story.
Chapters:
0:00 – 0:55 Introduction
0:56 – 4:31 The AI rollup
4:32 – 5:34 Where private equity got it wrong
5:35 – 7:20 A risky bet
Anchor and Columnist: Deirdre Bosa
Produced by: Jasmine Wu
Edited by: Andrew Evers
Senior Director of Video: Jeniece Pettitt
Animation: Emily Park
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AI Rollup: Silicon Valley’s New Buyout Playbook Is Hitting Wall Street
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For two years, companies bought AI one way: pick the most powerful model and run everything through it. That era is ending.
A new discipline called model routing is taking hold, sending hard tasks to expensive frontier models and easy ones to cheaper, faster alternatives. It can cut AI bills dramatically. But it also means OpenAI and Anthropic stop getting paid for every task, which complicates the IPO story both are built on.
Deirdre Bosa talks to Scott Wu, co-founder and CEO of Cognition (maker of the coding agent Devin), about his new engineering value guarantee, why Devin routes across models automatically, and what it actually takes to measure AI’s return. Then Cisco President and Chief Product Officer Jeetu Patel on the cost shock hitting the enterprise, why his own company blew through its AI budget, and whether the frontier labs can hold their pricing power.
Anchor and columnist: Deirdre Bosa
Produced by: Jasmine Wu
Editing by: Erin Black
Technical Associate: Sami Savona
Senior Director of Video: Jeniece Pettitt
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Why The Fix For AI’s Spending Problem Is Not Good For OpenAI And Anthropic
Why The Fix For AI’s Spending Problem Is Not Good For OpenAI And Anthropic
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Intel issued a safety recall for its Basis-brand fitness watch, warning that the device could cause blisters or burns.
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Intel Recalls Its Smartwatch | CNBC
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The rapid spread of AI across corporate America is creating a crisis for young adults with college degrees who are finding a slowdown in hiring for entry-level positions in AI-exposed industries.
Find the full report in related video.
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CNBC’s Deirdre Bosa reports on Alibaba’s entry into the smart-speaker market with the Genie device, which the tech giant announced Wednesday. For now, the device only speaks Mandarin.
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Alibaba Unveils Smart Speaker To Rival Amazon Echo And Google Home | CNBC
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@jj1787
January 30, 2024 at 8:31 am
So, you will train a Indian but not an American?
@tenminutetokyo2643
January 30, 2024 at 8:31 am
Chinese Student Spies Overwhelm US
https://www.amren.com/news/2015/03/chinese-student-spies-overwhelm-us-2/
@tenminutetokyo2643
January 30, 2024 at 8:31 am
Too bad all they hire is H-1B Indian Mafia. indiaincblog.com
@lamrof
January 30, 2024 at 8:31 am
I don't even like Trumpy, but I like his ballsy move here. Shall wait and see what orders he passes. Screw these Greedy CEO's.
@lamrof
January 30, 2024 at 8:31 am
Its frustrating to hear these CEO's not able to acknowledge the extent of abuse on the H1B visa. I work in the Valley. I saw how the tech worker demographics changes from early 90's to now. Basically started by removing Black tech workers and replacing them with immigrants and then came wiping out of every American in between and now whites not only in tech jobs but also in executive position are being pushed out. Profession is environmental too. If you or someone around you is not exposed to a certain type of job then you will not be akin to be good at it. Indians and Chinese are very good in pushing out everyone else out so they don't even hear about tech jobs and skills. We know what they do and these CEO's went cahoots with it.
@woodycoat
January 30, 2024 at 8:31 am
TRAITOR! If that unqualified comment were even true (it's not) he should be talking about training programs that allow companies to train and hire more women and minorities, seniors, vets, millennials, etc. In reality this overpaid sellout ($2+ million a year) to the American middle class and his ilk are lying about lack of STEM qualified Americans so he can hire cheap labor from abroad (often with fake and fraudulent degrees and credentials) and increase his bonus. Thank god this guy isn't president.