Squawk on the Street SOTS 2nd Hour: OpenAI CFO, An Authentic Look At Retail, and Energy’s Next Move 5/22/25
4 snips
May 22, 2025 
This discussion features Sarah Friar, CFO of OpenAI, instrumental in the company's financial strategies, and Jamie Salter, Founder and CEO of Authentic Brands, a powerhouse in retail intellectual property. They explore OpenAI's groundbreaking partnership in the UAE, unveiling the Stargate initiative designed to revolutionize AI technology. Salter shares insights on acquiring Dockers and revitalizing heritage brands in today’s market. The chat also touches on oil price trends, and how consumer behavior is shifting amidst economic pressures.
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OpenAI's Global Expansion Strategy
- OpenAI's Stargate UAE project aims to expand AI infrastructure globally, especially in the Middle East.
- This decentralization helps deploy AI technology widely, benefiting regions beyond the US.
Betting on Johnny Ive's Team
- OpenAI bought Johnny Ive's AI hardware startup despite it not having a product yet.
- The acquisition bets on top talent to shape AI's new multimodal computing platforms.
Future of Multimodal Computing
- The next era of computing will be multimodal, going beyond touch to vision, speech, and hearing.
- This shift demands new platform designs that OpenAI plans to pioneer with its hardware efforts.
