Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "CNBC's Andrew Ross Sorkin"


25 mentions found


Jensen Huang, CEO of NVIDIA, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)U.S. chipmakers are at least a decade away from "supply chain independence" from China, Nvidia CEO Jensen Huang told CNBC's Andrew Ross Sorkin. "But total independence of supply chain is not a real practical thing for a decade or two." "The most critical technology that we build, the leading edge of it is not made available to China," Huang told Sorkin. Nvidia is still a decade ahead of those companies, Huang said in specific reference to sanctioned Chinese manufacturer Huawei.
Persons: Jensen Huang, Tom Williams, CNBC's Andrew Ross Sorkin, Huang, Biden, Sorkin Organizations: NVIDIA, Inc, Getty Images, Nvidia, New York Times, DealBook Conference, Huawei Locations: China, U.S
Nvidia CEO Jensen Huang offered a glimpse into his unusual management style, including having "50 direct reports," in an interview with CNBC's Andrew Ross Sorkin on Wednesday. Huang says that he has so many direct reports — most executives only have 10 or so — because it keeps Nvidia from developing unnecessary layers of management. "The more direct reports a CEO has, the less layers are in the company. "The people that report to the CEO should require the least amount of pampering and so I don't think they need life advice. I don't think they need career guidance," Huang said.
Persons: Jensen Huang, CNBC's Andrew Ross Sorkin, Huang, Steve Jobs, Mark Zuckerberg Organizations: New York Times, Jazz, Lincoln Center, Nvidia, AMD Locations: New York City, China
Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service "in 2027 or so." "We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion," Baron said, speaking to CNBC's Andrew Ross Sorkin. Earlier this month, Baron told MarketWatch his eponymous firm's ownership of SpaceX stock was currently valued at about $1.7 billion. Last year, Musk told employees that taking the business public wasn't likely until 2025 or later. SpaceX's valuation has soared to about $150 billion, with Starlink seen as a key economic driver of the company's goals.
Persons: Ron Baron, Starlink …, Baron, CNBC's Andrew Ross Sorkin, SpaceX didn't, Musk, Starlink Organizations: CNBC, SpaceX Locations: Elon
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks beats on the top and bottom line as customers buy up pricier drinksCNBC's Andrew Ross Sorkin reports on the company's quarterly earnings results.
Persons: Andrew Ross Sorkin
The rapid advancement of artificial intelligence has raised many concerns, prominent among these AI job displacement and mass layoffs throughout the economy. No round of layoffs of knowledge workers goes by without a mention of the threat of AI. In May of this year alone, the U.S. economy lost 4,000 jobs as a result of AI, according to data from employment outsourcing firm Challenger, Gray & Christmas. According to Factset, mentions of generative AI on corporate earnings calls increased from five in December 2022 to 390 in June 2023. The more recent milestone, according to Rand: by 2020, "nearly all occupations are exposed to AI technology patent."
Persons: Alan Guarino, Korn, CNBC's Andrew Ross Sorkin, Guarino, Factset, Rand Organizations: LinkedIn, CNBC, Korn Ferry, Rand Corporation Locations: India, U.S, United States
Work-from-home rate tumbles, hits post-pandemic low
  + stars: | 2023-10-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWork-from-home rate tumbles, hits post-pandemic lowCNBC's Andrew Ross Sorkin reports on the latest data from the U.S. Census Bureau.
Persons: Andrew Ross Sorkin Organizations: U.S . Census Locations: U.S
Activist investor Bill Ackman on Monday told CNBC he had not spoken with Elon Musk about a deal involving X, formerly known as Twitter, but that he likes the business and Musk and suggested a deal with X would be welcome if Musk wanted it. The billionaire CEO of Pershing Square Holdings was discussing his new carve-out vehicle, which he called a SPARC, or special purpose acquisition rights company. The product is similar to a SPAC, but Ackman said that Pershing's structure would only invest in companies it views as long-term investments. Ackman made waves in a Sunday interview with the Wall Street Journal, where he said he would "absolutely" invest in X through his new SPARC structure. If part of X were to debut on the market, it would likely be at a valuation far below the $44 billion that Musk paid for it.
Persons: Bill Ackman, Elon Musk, Musk, he's, Ackman, CNBC's Andrew Ross Sorkin, SPACs, Linda Yaccarino's, maven Organizations: Monday, CNBC, Elon, Pershing Square Holdings, SPARC, Financial Times, Wall Street, Meta Locations:
FTC Chairwoman Lina Khan testifies during a budget hearing of the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce, April 18, 2023. Khan pointed to scale on Wednesday as a way Amazon leverages its power to dampen competition. Khan also explained the FTC's decision to define the market Amazon has monopolized as the online superstore. "We've had a whole set of antitrust cases that have succeeded when defining a market as the superstore market." This complaint applies that idea to the online world, Khan said, adding that there are functions that only an online superstore can serve through the "depth and breadth" of offerings.
Persons: Lina Khan, Khan, CNBC's Andrew Ross Sorkin, it's, We've Organizations: House Energy, Commerce, Amazon, Federal Trade, FTC, Yale, Intelligence Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMusk on AI hearing: Senator Schumer did a great service to humanityCNBC's Andrew Ross Sorkin reports on the latest news from the AI hearing on Capitol Hill.
Persons: Schumer, CNBC's Andrew Ross Sorkin Organizations: Capitol
Birkenstock files for IPO under ticker 'BIRK'
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBirkenstock files for IPO under ticker 'BIRK'CNBC's Andrew Ross Sorkin and Becky Quick report on news from Birkenstock, and BP.
Persons: Andrew Ross Sorkin, Becky Quick Organizations: BP
BMW drops controversial $18 a month heated seat subscription
  + stars: | 2023-09-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMW drops controversial $18 a month heated seat subscriptionCNBC's Andrew Ross Sorkin discusses news from BMW and Queens, New York.
Persons: Andrew Ross Sorkin Organizations: BMW, Queens Locations: Queens , New York
WeWork , the office-sharing company once valued at $47 billion, said Friday it will undergo a 1-for-40 reverse stock split to try and keep its stock from being delisted. "The Reverse Stock Split is being effected to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on the New York Stock Exchange," WeWork said in a filing with the SEC. The reverse split will take effect after the close of trading on Sept. 1, the company said. The move will do nothing to improve the company's financials or valuation but, based on Friday's close, it would lift the stock price to $5.60. With or without a higher stock price, WeWork is in dire straits.
Persons: WeWork, Masayoshi Son's SoftBank, Andrew Ross Sorkin, Adam Neumann Organizations: New York Stock Exchange, SEC, NYSE
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNever in history has technology led to an overall loss of jobs: Tulane University's Walter IsaacsonTulane University professor Walter Isaacson joins CNBC's Andrew Ross Sorkin at the Aspen Ideas Festival to discuss innovation, artificial intelligence and its potential impact to jobs.
Persons: Tulane University's Walter Isaacson, Walter Isaacson, Andrew Ross Sorkin Organizations: Tulane, Tulane University's Walter Isaacson Tulane, Aspen Ideas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecession in early 2024 is 'a reasonable possibility', says Roger FergusonRoger Ferguson, former Federal Reserve vice chairman, joins CNBC's Andrew Ross Sorkin at the Aspen Ideas Festival to discuss the Fed's inflation hike, whether more rate hikes are in store, the cause of inflation, and more.
Persons: Roger Ferguson Roger Ferguson, Andrew Ross Sorkin Organizations: Federal Reserve, Aspen Ideas
Chevron CEO on the record about EV transition and oil demand
  + stars: | 2023-06-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChevron CEO on the record about EV transition and oil demandChevron CEO Michael Wirth speaks with CNBC's Andrew Ross Sorkin from the Aspen Ideas Festival about the transition to EVs and what the shift means for energy companies such as Chevron.
Persons: Michael Wirth, CNBC's Andrew Ross Sorkin Organizations: Chevron, Aspen Ideas
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRalph Lauren CEO on consumer spending: We're seeing them gravitating towards higher priced itemsRalph Lauren CEO Patrice Louvet joins CNBC's Andrew Ross Sorkin from the Aspen Ideas Festival to discuss consumer spending habits, whether consumers are trading down, marketing in today's landscape, and more.
Persons: Ralph Lauren, Lauren, Patrice Louvet, Andrew Ross Sorkin Organizations: Aspen Ideas
GM CEO Mary Barra on Tesla partnership: I texted Elon Musk
  + stars: | 2023-06-27 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM CEO Mary Barra on Tesla partnership: I texted Elon MuskGM CEO Marry Barra joins CNBC's Andrew Ross Sorkin at the Aspen Ideas Festival to discuss the company's EV transition, profitability targets, Tesla partnership, and more.
Persons: Mary Barra, Elon, Barra, CNBC's Andrew Ross Sorkin Organizations: Tesla, CNBC's, Aspen Ideas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street offers top benefits for dads, according to JUST CapitalCNBC's Andrew Ross Sorkin reports on the latest paternal benefits data in corporate America.
Persons: Andrew Ross Sorkin Organizations: Street, JUST Capital Locations: America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYC office occupancy reaches 50% of pre-pandemic levels; Westfield gives up SF Centre mallCNBC's Andrew Ross Sorkin and Joe Kernen reports on the latest news.
Persons: Andrew Ross Sorkin, Joe Kernen Organizations: Westfield, SF
Oura, the company behind the smart ring that allows users to track a variety of biometric data, is adding new features around social sharing and sleep tracking as the battle among tech companies to land and keep trackers on the wrists and fingers of consumers continues. The company's new community-sharing feature, which it calls Circles, allows ring wearers to create private groups where they can share readiness, sleep, and activity scores. Hale noted that the data being shared is "only shared with the people that you want to share with. It's not like a social feature where you're posting your scores to Twitter, although frankly, some people do that." "This is about creating a small, intimate group of empathy and support," he said.
Persons: Tom Hale, Hale, CNBC's Andrew Ross Sorkin, It's Organizations: Twitter
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApollo Global CEO: There's no alpha left in publicly-traded marketsCNBC's Andrew Ross Sorkin discusses his one-on-one interview with Apollo Global Management CEO Marc Rowan at The Economic Club of New York on Tuesday.
Persons: Andrew Ross Sorkin, Marc Rowan Organizations: Apollo, Apollo Global Management, The Economic, of New Locations: of New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwitter’s top users are posting less since Elon Musk takeover last year, survey findsCNBC's Andrew Ross Sorkin reports on the latest survey results from Pew Research Center.
Twitter is accusing Microsoft of using the social media company's data in ways that were unauthorized and never disclosed. However, for one of the Microsoft services using Twitter data, "account information outright states that it intends to allow its customers to 'go around throttling limits,'" Spiro wrote. A Microsoft spokesperson acknowledged receipt of the letter and told CNBC the company will review it and "respond appropriately." "Today we heard from a law firm representing Twitter with some questions about our previous use of the free Twitter API," the spokesperson said in an email. Read the full letter from Twitter to Microsoft, here.
Lawmakers, thought leaders and developers have been puzzling over how to regulate emerging generative AI technology since it exploded into public consciousness following the release of OpenAI's viral chatbot ChatGPT late last year. The buzz around the technology has sparked a red-hot AI arms race between major tech companies like Google and Microsoft, the latter of which is a longtime partner of OpenAI. Nadella said AI development is happening quickly, but that people remain integral to the process. But Nadella said he believes AI will also create new jobs. "Steve Jobs had this beautiful, beautiful line, right, which is 'computers are like the bicycles for the mind,'" Nadella said.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft CEO Satya Nadella on OpenAI relationship, generative A.I., Microsoft-Activision dealCNBC's Andrew Ross Sorkin sits down with Microsoft CEO Satya Nadella to discuss the company's relationship with OpenAI, concerns of A.I. moving too fast, Microsoft-Activision merger, and more.
Total: 25