Shoppers & Shrink, Big Tech’s Big Role in AI, & an Arm Up for IPOs 8/22/23

Nvidia, Microsoft, Google, Amazon and Meta aren't just investing in AI internally; CNBC’s Julia Boorstin reports, big tech is also playing a key role in the AI startup ecosystem. Aneesh Chopra, CareJourney president and former White House Chief Technology Officer, discusses whether big tech is playing too big a role in the AI stack, and whether regulators will soon crack down on the burgeoning sector. Retail visionary Mickey Drexler, former J.Crew Group chairman and CEO and current Alex Mill chairman, discusses retail’s latest earnings, shrink, and the state of the consumer. Plus, Microsoft has submitted a new deal for the takeover of Activision Blizzard and chip designer Arm, which is owned by Japan’s SoftBank, has filed to go public via a Nasdaq listing. Julia Boorstin - 12:42 Aneesh Chopra - 16:03 Courtney Reagan - 24:09 Mickey Drexler - 25:05 In this episode: Aneesh Chopra, @aneeshchopra Julia Boorstin, @JBoorstin Courtney Reagan, @courtreagan Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie