CoreWeave CEO chalks up public AI pushback to the speed of change: 'And that is frightening'
CoreWeave CEO Mike Intrator spoke to CNBC at the Goldman Sachs' Communacopia + Technology Conference this week.
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The public opposition to artificial intelligence and data centers is front and center at the Goldman Sachs Communcacopia + Technology Conference.
CoreWeave CEO Mike Intrator told CNBC's David Faber that companies haven't explained the technology's benefits well enough to the public.
"I don't think we have done a particularly good job of talking about the benefits of what the data centers allow the AI companies to be able to deliver to people, to governments, to decision making," Intrator said in comments that aired Wednesday.
The annual conference brings together leaders across the biggest tech and media companies, and AI adoption — along with the pushback many local communities are showing towards its buildout — is perhaps one of the biggest opportunities, and risks, facing businesses of every kind.
Intrator insisted that the fear around the transformation isn't about data centers, specifically, but is about how fast things are changing.
"It is really about: Hey, you know the world is changing, and it's changing very quickly, and that's going to have impacts on myself. It's going to have impacts on my children, and what is that going to look like? And that is frightening," he added.
As Goldman's conference got underway, another set of comments in the tech world caught attention as an AI researcher quit his job at Anthropic Tuesday, warning the rapidly-evolving technology "could kill us all by the end of the decade."
Jacob Coxon, who worked at both Anthropic and its chief competitor OpenAI, accused the companies of "gambling with our lives" in the race towards AI superintelligence.
"Do not underestimate the power of this technology. These will soon be superhuman systems that can hack anything, revolutionize any field overnight, and acquire real power and resources. We have all witnessed the progress in each of these domains, and progress is not slowing," Coxon wrote in a post on X announcing his resignation.
Cable companies talk broadband pressure
Other disruptions were on the agenda Wednesday, as cable executives continued to forecast competitive pressure on the broadband business.
Both Comcast and Charter Communications have seen quarterly broadband customer losses in recent years due to the rise of alternatives, namely fixed wireless, or 5G, providers.
On Wednesday, Comcast CFO Jason Armstrong reiterated that those pressures still exist, particularly from fixed wireless.
"Satellite looms out there as a potential threat," Armstrong said Wednesday, in addition to competition from fixed wireless. He added that while competition from satellite providers like Starlink isn't necessarily happening yet, "there's no complacency around it."
"I think we'll see it over time … in particular in rural and maybe deep suburban markets," Armstrong said of potential satellite competition.
Comcast and Charter's stocks were each down more than 5% in midday trading.
Comcast and Charter have reworked pricing strategies and leaned on their growing mobile businesses as methods to retain, and potentially gain, more broadband customers in recent years.
Armstrong added that, as mentioned during Comcast's second-quarter earnings call, the company is starting to see "irrational competition" when it comes to pricing for fiber broadband and that's continuing into the third quarter.
For the period ended June 30, Comcast reported that it once again lost broadband customers, and revenue for the segment dropped due to lower pricing plans and promotions that began to take hold.
During an interview with CNBC's David Faber on Wednesday, Charter CEO Chris Winfrey said that while competition is affecting the cable broadband business in the short term, the executive is confident that long-term there will be improvements.
