Squawk on the Street Arm CEO on AI Infrastructure Joint Venture, Netflix Soars, Exclusive: United Airlines CEO 01/22/25
Jan 22, 2025
Rene Haas, CEO of Arm Holdings, discusses the company’s pivotal role in a $500 billion AI infrastructure joint venture involving Oracle and OpenAI. He shares insights on how AI will transform various sectors, especially drug development. Meanwhile, Scott Kirby, CEO of United Airlines, reveals strong fourth-quarter earnings and a promising outlook for 2025, attributing success to diversified revenue. The conversation highlights the skyrocketing shares of Netflix following impressive subscriber growth and the broader tech market's response to these dynamics.
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AI Infrastructure Push
- The White House AI infrastructure push, involving Softbank, Oracle, and OpenAI, is driving tech stocks higher.
- This initiative, along with strong earnings from companies like Netflix and United, is contributing to market optimism.
Stargate's Significance
- The $500 billion AI infrastructure investment, Stargate, is a significant development, potentially the largest ever.
- It requires massive resources, including energy, land, and compute power, benefiting companies like NVIDIA and Arm.
AI in Healthcare
- Rene Haas is bullish on AI's potential, especially in drug discovery and research.
- AI can accelerate drug development, create personalized medicines, and address currently incurable diseases.