CEO Greg Fleming on Squawk Box, Sharing Insights on the AI Tech Race and Markets
As the world reacts to the breaking news of the Chinese start-up, DeepSeek, and the impacts of its newly released AI assistant, Rockefeller Capital Management CEO Greg Fleming recently joined CNBC’s Squawk Box to discuss its implications for investors as the AI technology race heats up and his market outlook as the new administration enters its second week.
Fleming underscored the significance of AI advancements in reshaping industries, noting, “The impact of AI on every business and everything that we do—and the overall level of investment it attracts—are still on the same trajectory.” Noting the focus on AI efficiency as a driving force behind widespread adoption, he added, “If efficiencies are actually that dramatic, it will pull in more demand quickly because it’s lower cost, which leads to more users and ultimately even more investment over time.”
In conversation with hosts Andrew Ross Sorkin and Becky Quick, Fleming discussed market sentiment at the outset of a second Trump administration, reflecting that anticipated pro-business deregulation is driving markedly increased confidence in the small business sector and rising animal spirits. “There’s a lot of optimism on the business side, and it does ripple through to our clients,” said Fleming. “People are feeling generally good from a business standpoint and where we are in the United States.”
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