Squawk Pod A Festivus Miracle: AI, Tech, & Crypto in 2026 12/23/25
Dec 23, 2025
Steve Kovach, a Technology reporter for CNBC, lays out trends in AI, emphasizing commoditization and the consolidation of industry leaders like OpenAI and Google. Chris Kelly, former Facebook chief privacy officer, discusses the increasing efficiency and competition for AI talent. Investor Anthony Pompliano dives into Coinbase's recent acquisition of a prediction markets platform and examines Bitcoin's performance and the role of crypto in financial strategies. The conversation provides a captivating look into the future of tech and finance.
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Hosts Debate Oral Wegovi Reaction
- Hosts discuss Novo Nordisk's oral Wegovi approval and its potential market impact.
- Joe and Andrew debate personal willingness to use weight-loss pills versus traditional dieting and exercise.
LLMs Becoming Commodities
- Steve Kovach says LLMs are heading toward commoditization as many models perform similar tasks.
- He warns the product layer on top of models will become the real differentiator for users.
Consolidation Likely Among Model Providers
- Kovach expects consolidation with a few winners like OpenAI, Anthropic, and Google dominating.
- He predicts most other firms will compete for a distant fourth place while building software layers above models.