Squawk on the Street Amazon CEO's AI Message, Tesla Slides on Musk-Trump Feud, Fed's Powell Talks Tariffs 7/1/25
Jul 1, 2025
The podcast dives into the latest AI innovations, with Apple possibly leveraging tech from Anthropic or OpenAI for Siri. Elon Musk's xAI has secured a whopping $10 billion, stirring the competitive tech landscape. Tensions between Musk and Trump negatively impacted Tesla shares. Fed Chair Powell's remarks on tariffs and rate cuts are also highlighted. Additionally, the hosts analyze the stock performance of AMC Entertainment and provide insights into the stock market’s trajectory for the second half of 2025.
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AI's Transformative Leap
- Andy Jassy sees generative AI as the most transformative tech of our lifetime, surpassing internet and mobile.
- The leap is from dumb machines to machines with personality and reasoning ability, exemplified by Alexa Plus.
Alexa Plus's Reasoning Power
- Andy Jassy shared how Alexa Plus helped him pick Kentucky Derby horses by reasoning and debating with him.
- Alexa Plus can take action like managing your schedule, unlike many chatbots that only answer questions.
Musk Scaling AI with GPUs and Power
- Elon Musk aims to build the world's largest AI supercomputer with up to a million next-gen GPUs in Memphis.
- He leverages his own natural gas power plants to support this massive AI computing infrastructure.