CNBC's Deirdre Bosa reports on news regarding artificial intelligence.

San Francisco

The release of Open AI's ChatGPT has accelerated the development of artificial intelligence and warnings about its impact on society.

Rise of AI

At the Cerebral Valley AI Summit in San Francisco, industry insiders acknowledged persistent concerns about an AI bubble, with discussions shifting from rapid transformation to revenue generation and real-world adoption. Repl.it CEO Amjad Massad noted that while initial hype has cooled, the AI coding sector has expanded significantly, with multiple players now generating substantial revenue.

Massad also addressed skepticism about margins in AI app companies, stating that Repl.it is on track for profitability and is considering a public offering as early as 2026. Such a move would make Repl.it one of the first pure play AI coding startups to go public after the Neo clouds, serving as a key test for investor sentiment in the sector.

Silicon Valley's read on AI fears

Tech underperforming broader markets today as AI bubble fears persist. Deirdre Bosa is live at the Cerebral Valley AI Summit in San Francisco, getting a gut check on the industry's epicenter for today's Tech Check. Hi, Dee. Hey, and it's just about to kick off, so it's filling up in here. But even here, where you have the true believers, these are AI startup founders, top model foundation companies, there's still bubble talk and AI anxieties. They're the elephant in the room. Now, a year ago, it was all about how fast AI could transform everything. Now, it's a little more about revenue and real-world adoption. Now, a few people have a clearer view of that than Repl.it CEO and founder, Amjad Massad. He has been at the forefront of the vibe coding or AI-first coding trend that has just exploded over the last year or so. He admits that, yes, the hype has cooled, but there's still plenty of growth. And Repl.it is looking at free cash flow and profitability next year. If you look at the AI coding space like two years ago, or maybe even a year ago, Copilot was the only game in town. They were at 500 million ARR in revenue. If you add up all our companies in the vibe coding space and otherwise, it is maybe 5 billion ARR. So there's a 10x increase in revenue in this category. You go from one player to 10-plus players, we're all making money. And there's criticism about being an app player. Can you actually have margins? And we do have margins. We're on our way to being profitable next year. Now, Courtney, this is interesting. Most AI founders that I talked to, they are in no hurry to go public. So I was surprised by what Massad told me on that front. Have a listen. I went around Silicon Valley and asked companies that are a lot bigger than us that are still private, why are you private? I've never gotten a good answer. It's mostly laziness around, oh, there's tours. It just doesn't seem to be a good answer why companies are not going public. And that makes it more attractive to me. So we're looking into it. Are you talking to bankers? Maybe. I asked him if 2026 was a possibility and he said possibly. And that would make Repl.it one of the first pure play AI coding startups after the Neo clouds to become public. And that would be a real test for a market that is becoming increasingly skeptical of the AI trade, Courtney.

Canada’s Foreign Minister Anita Anand met with U.S. Secretary of State Marco Rubio during the G7 summit to discuss defense, trade, and global security cooperation amid growing geopolitical tensions.

Kananaskis

Canada meets with U.S. counterpart Rubio at G7 summit

The House of Representatives is preparing to vote on a long-awaited bill to end the government shutdown. CBS News congressional reporter Taurean Small has more from Capitol Hill.

Washington

House of Representatives ready vote on ending government shutdown

Warning: Some details are disturbing. An Army OB-GYN in Texas is accused of years of sexual assault and abuse of women on multiple bases, according to a recent lawsuit.

Killeen

Army gynecologist accused of secretly taking videos during exams

U.S. House Democrats on Wednesday released emails from Jeffrey Epstein referencing President Donald Trump, who has denied any knowledge of the convicted sex offender's crimes. In a 2019 email, Epstein said Trump "knew about the girls as he asked Ghislaine to stop."

New emails from Epstein mentioning Trump released by House Democrats

Cleveland Guardians pitcher Luis Ortiz was arraigned on Wednesday and pleaded not guilty to allegations of taking bribes to rig pitches. CBS News' Shanelle Kaul reports.

Brooklyn

Guardians pitcher Luis Ortiz arraigned, pleads not guilty

UK Prime Minister Keir Starmer backed the BBC while urging it to correct errors after U.S. President Donald Trump threatened a $1 billion lawsuit over a misleading edit of his Jan. 6, 2021 speech. The controversy led to the resignations of the BBC director general and head of news.

London

UK PM Keir Starmer backs BBC amid Trump threat

The U.S. House of Representatives will vote Wednesday on a spending bill that passed in the Senate earlier this week and could bring the longest government shutdown to an end.

House to vote on funding bill that could reopen government

The USS Gerald Ford aircraft carrier strike group has moved into the Latin America region, U.S. officials say, dramatically escalating a military buildup that has deepened tensions with Venezuela.

Caracas

Largest U.S. aircraft carrier sailing to Latin America region

U.S. President Donald Trump sent a letter to Israeli President Isaac Herzog urging him to pardon Prime Minister Benjamin Netanyahu. CBS News' Courtney Kealy has more.

Tel Aviv-Yafo

Middle East Conflict

Trump urges Israel's president to pardon Benjamin Netanyahu

Three astronauts remain stuck in space after their return capsule was damaged by orbital debris—delaying their journey home.

Beijing

Three Chinese astronauts stranded in space after capsule damage

The former first lady of Gabon and her son were being tried in absentia on various corruption charges.

Libreville

Gabon ex-first lady sentenced to 20 years in jail for embezzlement

Online platforms will ping Australian teenagers through over a million accounts in coming days offering a choice: download data, freeze profiles or lose the lot when a world-first ban on kids using social media starts on December 10. TikTok, Snapchat, Meta, Instagram and Threads are poised to deactivate accounts registered by users under 16, according to insiders.

Council of the City of Sydney

Big Tech starts complying with Australia's teen social media ban

Protesters stormed the COP30 climate conference in Brazil, clashing with security and overshadowing discussions earlier in the day California Gov. Gavin Newsom slamming America’s current stance on climate change.

Belém

Protesters storm into COP30 climate conference in Brazil

ByHeart is recalling all batches of its baby formula products after at least 15 infants were sickened. Dr. Steven Abrams, professor of pediatrics at the University of Texas at Austin, joins CBS News to discuss how parents can keep their children safe.

New York

ByHeart recalls baby formula amid growing botulism outbreak

Israel’s parliament has passed the first reading of a bill that would introduce the death penalty for “terrorism”.

Jerusalem

Israel parliament passes first reading of death penalty for ‘terrorism’ law

The super typhoon has left devastation in the Philippines just days after another typhoon killed 232 people.

Cebu City

Typhoon Fung-wong leaves Philippines with ten dead, millions displaced

A Turkish C-130 military cargo plane with at least 20 personnel on board crashed in Georgia after taking off from Azerbaijan. Authorities reported an unspecified number of casualties and said rescue workers were headed to the site.

Sighnaghi Municipality

Turkish military plane crashes in Georgia

A car bomb rocked Islamabad, Pakistan resulting in 12 deaths and 27 injuries, just one day after a car exploded in New Delhi, India. Authorities in both countries are investigating the incidents as possible terrorist attacks.

Islamabad

Bomb rocks Pakistan's capital one day after car explosion in India

Drone strikes were reported in several Ukrainian cities, as fighting rages on the frontline with Russian forces closing in on the key city of Pokrovsk.

Odesa

Ukraine Invasion

Russian drones hit energy sites in Ukraine's Odesa

Local television channels report that at least 20 people have been wounded in blast near the Lal Quila underground metro station.

New Delhi

Indian police invoke ‘terrorism’ law after Delhi blast kills nine

The Senate passed a bill on Monday night to end the government shutdown, bringing Congress one step closer to ending the impasse. CBS News political reporter Hunter Woodall has the latest.

Senate passes bill to end shutdown, sending it to house

The COP30 climate conference kicked off in Belém, Brazil, with President Luiz Inácio Lula da Silva pushing back against climate deniers even though a discussion of reduced reliance on fossil fuels isn’t on the agenda.

Brazil’s president pushes back against climate deniers to start COP30

President Trump met with Syrian President Ahmed Al-Sharaa at the White House as ties between the U.S. and Syria appear to strengthen. CBS News' Imtiaz Tyab reports.

Syria will join coalition against ISIS following meeting with Trump

A deadly car explosion in Delhi, India, killed at least eight people and injured at least 19 others on Monday, police said. Devina Gupta of the BBC, a CBS News partner, has more.

Deadly car explosion rocks India's New Delhi, eight killed

Former French President Nicolas Sarkozy is to be released from prison after serving 3 weeks of a 5-year sentence for criminal conspiracy.

Paris

Ex-French President Sarkozy released from prison

Syrian President Ahmed al-Sharaa is set to meet with President Trump at the White House after leading a surprise attack that toppled the Assad regime. CBS News' Ramy Inocencio reports.

Syrian President Ahmed al-Sharaa meeting Trump at White House

Super Typhoon Fung-wong slammed into the Philippines, bringing dangerous conditions to the country for the second time in a matter of days. CBS News' Anna Coren reports.

Manila

Super Typhoon Fung-wong batters the Philippines

Senate Republicans and some Democrats appear to have a plan to end the government shutdown. CBS News' Natalie Brand reports.

Democrats, Republicans reach deal that may end government shutdown

The director-general of the British Broadcasting Corporation (BBC) has resigned after a row over the editing of a speech made by U.S. President Donald Trump on the day of the 2021 attack on the United States Capitol.

BBC boss Tim Davie resigns after criticism over Trump speech edit

A Collaborative Combat Aircraft, the AI-powered fighter YFQ-44A has begun flight testing, as General Atomics takes to the sky as well.

Silicon Valley's read on AI fears

Breakdown

See The Full Story

Rise of AI