chatgpt or go on microsoft and try it. google has one also. you will understand in a few minutes how far a.i. has come and it is something we want to learn more about. sam altmann has talked about regulating a.i. like to hear what he means by that. dana: full coverage on fox. we have people in studio and the sprint to advance a.i. and the potential loss of jobs. let s go to aishah hosni live on capitol hill. good morning. you can t regulate something if you don t understand it. a big part of today s hearing will allow lawmakers to really catch up with this emerging technology as they debate if and how they should put guardrails around it and regulate it. last night sam altmann had a private dinner with house members to talk about a.i. and today he will face the senate panel on technology and privacy
true. the operating systems that they are dealing with are so old. i know there are places in the pentagon that are still running off windows 95 for goodness sake. you can t get yes, it s true. you cannot get this stuff serviced. just a few years ago they were using card punches. when you got a promotion in the military you had to send it to somebody at the pentagon who put it on a card punch. this generation doesn t even know what a card punch is and the pentagon is so woefully behind on technology. harris: china is ready and may want to fight soon. everything needs to be up to par with technology. we need to be leading. we re not. we re not. harris: thank you very much. prices are still very high under president biden despite a slight cooling of overall inflation. and that could mean the fed will raise rates again. plus the biden administration
having to rethink its priorities. so what areas of the company do you think will be affected here? so mark has talked about wanting to sort of flatten the organization, take away middle managers, they are slowing hiring. and he has talked about this being the year of efficiency for meta. but what i thought was interesting, he was talking about wanting to refocus the company on technology. end over the last couple of years as the company has grown, they have hired people who are experts in areas outside technology and he wants to scale that back. but makes you wonder if he is cutting people focused on moderation and safety and ai, things that have become core. and so in his update on the year of efficiency, he tells employees that we should prepare ourselves for the new economic reality that will continue for many years. higher interest rates lead to the economy running leader. there is geopolitical instability. and he goes on and on. i m wondering how much of this
is that they spent too much on the wrong things for too many years and how much is he blaming it on the economy. and i think that the company does bear a lot of responsibility here. it spent about $10 billion last year on its metaverse vision while its core business in advertising was struggling. so i think that they are having to rethink you know, mark yesterday talking about the biggest important right now is ai. i thought it was the metaverse. yeah, a big shift here. so i think that he is trying to sort of like throw stuff at the wall trying to figure out what will stick meerp and i think seeing pressure from investors to focus on things like ai that are more important to consumers. and every time one of these big companies announces layoffs, stock goes up a. so for some of the ceos respect an easy way to make your shareholders happy but not your employees.ect an easy way to make your shareholders happy but not your employees.ct an easy way to make your shareholders happy
november, that announcement that cut 11,000 jobs from the company. claire duffy is joining me. this is the second major round for meta. did they misfire on strategy or is the economy to blame? what is going on? a bit of both. mark zuckerberg expects this to go on for a number of years looking forward. and that is taking a will it to facebook s core business model. the advertising demand shrinks when companies aren t wanting to spend because they are worried about their core businesses. and at the same time facebook has really meta in fact, we should call it meta, because the company has shifted its strategy to focus on this future version of the internet called the metaverse which many experts think is at least ten years away if not more. and at the same time the core business taking a hit, it spent tens of billions on this future version of the internet that is many years away. so i think that the company is