Pushing Pause on AI & Bank Failures; Who’s to Blame? 03/30/23

House lawmakers tore into top U.S. bank regulators at congressional hearings this week about how Silicon Valley Bank and Signature Bank collapsed practically overnight. Daniel Tarullo, former Fed governor and Harvard Law School professor, discusses what went wrong with Silicon Valley Bank, if de-regulation had any impact on the collapse, and who is at fault. Elon Musk and dozens of other technology leaders have called on AI labs to pause the development of systems that can compete with human-level intelligence. Michael Wolf, Activate co-founder and CEO, discusses his concerns with artificial intelligence but says you can’t stop the forward march of technology. Plus, CNBC’s Robert Frank reports some wealthy residents in Los Angeles are racing to unload their high priced homes before a new mansion tax goes into effect.

In this episode:
Michael Wolf, @mjw
Robert Frank, @robtfrank
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Zach Vallese, @ZachVallese