Squawk Pod OpenAI’s Sarah Friar & Fed Chair Candidate David Zervos 8/20/25
Aug 20, 2025
Join Sarah Friar, CFO of OpenAI, as she dives into the future of AI with insights on ChatGPT-5 and discussions around a possible AI bubble. Alongside her is David Zervos, Chief Market Strategist at Jefferies, sharing his views on tariffs and the Federal Reserve's monetary policy. They explore the dynamics of the tech landscape, the implications of economic strategies, and the critical role of emerging technologies. From retail leadership shifts to public-private partnerships in AI, this conversation is a deep dive into innovation and its economic impact.
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GPT-5 Is A Unified, Enterprise-Friendly Model
- OpenAI sees GPT-5 as a single integrated model that handles both simple and complex tasks in one experience.
- Sarah Friar reports strong enterprise, developer, and subscription momentum after the launch.
AI Era Bigger Than Internet Or Mobile
- Sarah Friar agrees AI is the biggest technological era yet, bigger than internet and mobile.
- She accepts some speculative investments may fail while the overall AI buildout continues.
Invest In Real Problems With Unique Data
- VCs should back AI startups solving real business problems with complex processes.
- Prefer companies with unique data access to build defensible moats.