Investors betting on AI, but tech isn't ready: Elevation Partners' Roger McNamee

Roger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss his thoughts on generative AI, who could benefit from the AI mania, and the bifurcation between small and medium language models. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@mandyyonge]

I think it's important to stick to stocks that are immune to economic policies. I'm looking at NVIDIA and other AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies

[@tinsleyLuna]

Well all i know is that you cannot go wrong taking profit at near high. No one ever went broke taking a ~20% profit. It's best if you consult with a fiduciary advisor in situations like this so you can make informed decisions.

[@Cynthia-mm1cv]

That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see.

[@RolandWingo]

That's a great tip. I'm setting out 50k to invest in the market this year. Any particularly useful tips you could offer to me?

[@Cynthia-mm1cv]

Lucia Alicia Cruz is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@RolandWingo]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@andrerodriguez7603]

Everything is a gamble in life. I’ll keep my investments in Ai companies. Just one man’s opinion.

[@keto6789]

I don't think of tech as a gamble. It's all that matters nowadays .

[@andrerodriguez7603]

@@keto6789 I have always invested in Tech. But it’s still a gamble to invest in that sector. You just have to do research and due diligence on the tech companies you invest in. I was in the tech bubble in the early 2000’s. I look at some of my old trade records from back than. Over half of the techs I bought went bankrupt and don’t exist today. I just wish I had kept the good company stocks like Amazon, Apple. But unfortunately I had a margin account and all my stocks got sold with margin calls. My $60k portfolio in a week was down to $3K. I was wiped out. But I was young, I learned allot. I’m fine with the tech stocks I own today, happily retired with no worries from my technology investments. 👍🏻👍🏻

[@COREMEMORYUNLOCKED]

@@keto6789 yeah tech aint going away its juste getting more tech in new places

[@KrustyKlown]

Roger got NO Vision. Autonomous Driving, humanoid robots, Movie/video production, engineering design, ... In 10yrs it will be 1 Million times more powerful than today, and able to any job a human can do, BETTER.

[@MichaelAD222]

The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

[@CaryTriana]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

[@SylviaJoe6]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@PromiseWillson]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@SylviaJoe6]

Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@AmeeraFry5]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@HalilIbrahim-dx2vf]

Being in the discord and starting trading is literally changing my life. I'm starting with a small $2,000 account but I got it up to $19,600 in one week! Not a lot of money but thats a big growth for me 🚀🚀🚀

[@Alexandre13934]

I have been struggling with stocks and forex since 2022 making loses everytime. I am strungling financially and am about to give up.Please please can someone reach for me and help me with trading please.I will appreciate it. Thankyou

[@LaimOliver-gd9we]

Same here, I'm blessed only. God knows how much I praise her, £32,000 every week! I now have a good house and can now afford anything and also support my family, and never will I forget to pay my tithes because God has been so faithful to me and my family

[@LassesonStemarie]

Yeah! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you mrs Joyce Albert, imagine investing $12,000 and received $202,500.

[@kelvinjeff3893]

Can't imagine earning €32,000 biweekly, God bless Ms Joyce Albert, God Bless America❤️

[@Janewillams684]

... appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@cathierinewood-lx9lr]

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast. I will also suggest investors to get yourselves a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@McEvilly4]

thats true VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...

[@FreeFire-investment]

Sincerely speaking. I will continue to trade and stick to Laurie wood daily signals and guides as long as it works well for me 8,000 weekly

[@J.McClure]

Same here all thanks to Miss Laurie wood, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.

[@cathierinewood-lx9lr]

she is mostly on telegram

[@cathierinewood-lx9lr]

Lauriewood

[@zt2155]

Translation: "i am short nvidia $nvda"

[@KrustyKlown]

One of them dudes who will retire penniless, sitting in the park feeding pigeons.

[@jimdillard2951]

McNamee (ivory tower guy): "AI tech isn't ready, no ROI...." Microsoft Earnings call (July 30, 2024): "AI demand is greater than MSFT's AI capacity...MSFT will lease AI capacity from partners."

[@GigaFro]

The difference between the 90s and today is that these systems are inherently probabilistic. Like Roger mentions the narrow solutions are the winners here.

[@learkingofalbion8520]

Roger is basically right, given what we know now. He’s missing the feature poker games that have been going on since the software industry became one.

[@hafeld8348]

This guy has been wrong about Facebook. I trust a genius like Jensen over this guy.

[@BlockchainFx]

Good video. Real estate is something worth venturing into and having a good knowledge of it serves you an everlasting skill for life. Honestly, these talks and analysis serves best on theory and a little bit affected on the practicals, that's why we have management/service providers in the real estate market. You literally can't do it alone.

[@andrey-thompson]

Well spoken about. I have been immersed deeply in the real estate sector for over 5 years now and I'm glad to say I'm loving this niche. Good knowledge first, it's literally not easy to have someone who would coach you or guide you prior allocating whatever monetary asset you have into the market for appreciation of assets. But when you have videos like this try learning and doing a little research and trust me, getting into the real estate market would pay well.

[@WestWes-o1h]

The real estate market isn't volatile. A good approach to your fortune in this market space is to fix yourself under a good and reliable mentor with efficient vendor management skills who's willing to take you through the process. A good recommendation is AARON MORGAN BELL. Goodluck you'll.

[@DeannineTerrill]

I believe there's is no reason to talk about the real estate market space without putting into consideration the Potential risks to potential rewards. Always remember that there are general scales and that specific investments may have different risk-to-reward profiles. It's essential to carefully evaluate each investment opportunity and consider your individual financial goals, risk tolerance, and investment strategy. Get the the right real estate management services provider and get the best out this global niche.

[@JamesLiam-h1s]

Information is key. More reasons why you should get a financial coach like AARON MORGAN BELL. His methods would help you evaluate your investment's performance and make you make informed decisions. It's essential to consider all the costs, expenses, and potential risks associated with the investment to get an accurate picture of your profit.

[@Charlotteemily-s4r]

That's true, you need no definite/solid background in mathematics, I believe his basics are straight forward and statistically simple to employ for every units in real estate. Kudos to every great financial market mentors who makes analytical ventures like real estate less tedious, giving us room to as well carry on with our normal life's and still passively earn greatly from the market.

[@Hashtag-Hashtagcucu]

SmallLM are compressed from LLM. What about video, or self driving cars, can you make a small model from video . Of course not

[@darrenhere5856]

CRM has the most operational-focused, specific data set out there.

[@mingming7696]

Super tech companies like Microsoft, Amazon, and Oracle, etc, are helping other companies build SLMs, MLMs, and LLMs, which they have developed themselves. They stand to make billions of dollars from this."

[@philipgrigsby6466]

he looks and sounds like a younger Steve Forbes

[@keto6789]

He just wants everyone to dump TECH, so HE can buy it cheaper !! ahahhahhahhaaa!

[@JdDd-d7t]

remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I'm up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

[@anzatzi]

Voice of reason!

[@musiccreation1198]

Conclusion based on McNamee: MSFT, GOOG, AAPL, META, AMZN, TSLA are truly stupid . Stupid to be investing billions of dollars. I think not.

[@forretresss]

It's a common theme for older folk to not understand new era technology. AI is the new revolution.

[@jimdillard2951]

A year ago on CNBC Roger McNamee suggested AI offered no value. NVDA, MSFT, AMZN, GOOG, etc. seem to disagree. All of us who invested in these companies a year ago made gobs of money.

[@zupinu2000]

That bear definitely has puts. Show me your positions or ban.

[@draganostojic6297]

I can’t believe what this guy is saying

[@mikev4373]

Roger is the man of reason here in SV

[@TheKris333]

I wonder what this guy would have said about electrification 100 years ago. LOL

[@seangibner]

Mitch McConnell grew his hair out?

[@rv7798]

😅

[@shamseddin---]

100%

[@tackthekack1]

Vaporware

[@FazalJiffry-m6g]

Thanks for keeping us updated! I feel sympathy and empathy for our country. low income people are suffering to survive, and I appreciate Anastacia. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading

[@FazalJiffry-m6g]

she's mostly on Telegrams, with the user name.

[@FazalJiffry-m6g]

@Anastacia424 👈💯

[@FazalJiffry-m6g]

@Anastacia424 This is it👆👆

[@Brando853]

This dude has no idea what he's talking about

[@sumguy7716]

Every day his hypothesis seems truer and truer though.

[@Brando853]

@@sumguy7716 eventually we'll hit a plateau in the improvements of AI. Not sure when. But so far, the models have been better and better. Just check how horrible text-to-video was one year ago and what it can do today. The companies are still investing massively in hardware to train the next models. Then the next phase will begin. We're in for a ride and it will be the biggest revolution ever.

[@2023gainer]

The AI and EV sectors setting new sales records in 2024. Soun . SoundHound.. FSRNQ.. Fisker up 4 % Mon . Nvidia... Polestar Dip after EV sales numbers increase 80 %...ARM .. Lucid...Vhai and more.