Lawrence H. Summers, former US Treasury Secretary, critiques the notion of a US sovereign wealth fund. Sam Palmisano, ex-CEO of IBM, analyzes Intel's fall from tech supremacy, highlighting the need for innovation adaptability. Scott Rechler, CEO of RXR, discusses challenges in commercial real estate amidst soaring interest rates. Meanwhile, Darren Walker, President of the Ford Foundation, reflects on his impactful legacy, emphasizing the importance of community involvement in philanthropy and addressing social justice issues.

Sam Palmisano, the former Chairman and CEO of IBM, joins Bloomberg journalists Romaine Bostick and Alix Steel to delve into the transformative power of artificial intelligence. They discuss AI's role in enhancing business efficiency and productivity across various sectors. The conversation also explores the impact of market dynamics on AI investments, especially within the financial landscape, and the importance of learning from past technological evolutions to navigate current challenges in adoption.

Former IBM CEO Sam Palmisano discusses the importance of establishing relationships with shareholders before issues arise. He emphasizes the value of long-term projections over quarterly outlooks, focusing on communicating a clear strategy to investors. Palmisano shares insights on navigating Wall Street, engaging with shareholders, and the impact of hedge fund activists on capital allocation decisions.