10AM Hour: Twilio CEO, AI’s Accuracy Problem, Apollo Face Private Credit Withdrawal Requests 6/23/26
Squawk on the Street
- Published
- June 23, 2026
- Duration
- 42:57
- Summary source
- description
- Last updated
- Jun 23, 2026
Discusses artificial-intelligence, investing.
Summary
How is Wall Street valuing software companies in the age of artificial intelligence? Twilio CEO Khozema Shipchandler discusses the changing software landscape, AI adoption, and how his company is positioning itself for the next wave of growth. Plus, Meta’s former head of news warns about the growing challenge of ensuring AI-generated information is accura…
Tech stocks tumble as chip and AI names sell off; analysts debate whether the AI trade is overextended, enterprise adoption lags spending, and Campbell Brown warns AI accuracy needs independent oversight.
Key takeaways
- Enterprise AI adoption remains highly uneven: top 1% of corporate spenders invest ~$7,000 per employee on AI, while the median spender invests only $11 per employee, signaling the bulk of demand growth is still ahead.
- Chip/semiconductor valuations remain defensible despite the sell-off, with Nvidia trading at ~23x forward earnings and memory names like Micron at single-digit multiples on next year's earnings, suggesting the AI infrastructure trade is not overvalued on fundamentals.
- AI accuracy and reliability pose a critical enterprise risk: independent evaluations found a 90% failure rate across major AI models on high-stakes topics like politics and finance, raising urgent questions about governance and independent oversight.
Why this matters
For B2B decision-makers, the gap between AI infrastructure spending and actual enterprise adoption—combined with unresolved accuracy and ROI questions—defines both the near-term risk and the long-term opportunity in technology investment strategy.
Entities
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10AM Hour: Twilio CEO, AI’s Accuracy Problem, Apollo Face Private Credit Withdrawal Requests 6/23/26
Squawk on the Street
June 23, 2026
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Show notes
How is Wall Street valuing software companies in the age of artificial intelligence? Twilio CEO Khozema Shipchandler discusses the changing software landscape, AI adoption, and how his company is positioning itself for the next wave of growth. Plus, Meta’s former head of news warns about the growing challenge of ensuring AI-generated information is accurate. And Apollo in focus as investors submit redemption requests from one of its private credit vehicles, raising fresh questions about liquidit
Themes
- artificial-intelligence
- investing