“Pivot” Co-host Kara Swisher’s Transcript on “Face the Nation” – July 16th, 2023

In a recent interview on “Face the Nation,” Kara Swisher, co-host of the podcast “Pivot,” delved into the transformative impact of technology on various industries. Swisher highlighted her past conversations with industry insider Barry Diller, who boldly proclaimed the irrelevance of Hollywood in the face of growing tech companies.

Swisher acknowledged Diller’s foresight in recognizing the rise of streaming and digital platforms as a significant challenge for traditional content creators. She emphasized that tech giants like Apple, Amazon, and Netflix possess far greater resources and financial clout than Hollywood. Even Disney, with all its iconic characters and intellectual property, struggles to keep up with these tech behemoths.

Swisher also addressed the recent criticisms faced by Disney CEO Bob Iger. While she understands the concerns raised by union members regarding pay cuts during these challenging times, she believes it is essential to separate financial discussions from the larger issue at hand—the shift towards streaming and the absence of a clear economic model.

The discussion then delved into the broader implications of technology, particularly artificial intelligence (AI). Swisher noted that AI’s impact extends beyond the entertainment industry, with workers in various sectors fearing job losses and automation. She expressed skepticism about swift legislative action, citing the lack of comprehensive legislation around the regulation of the internet itself.

Swisher remarked on the significance of AI and its potential to shape industries on a global scale. Highlighting the competitive nature of AI development, she referenced Elon Musk’s recent announcement of a new firm and his call for international collaboration to oversee AI advancements.

However, Swisher also highlighted the surveillance state in China, cautioning the need for careful consideration and collective decision-making when it comes to AI’s potentially detrimental effects. She mentioned Elon Musk’s prior involvement in AI, including his call for a six-month pause, and his subsequent establishment of a new company.

In this interview, Swisher provided valuable insights into the ongoing transformation of industries due to technology, emphasizing the need for adaptability and global collaboration to navigate the challenges posed by AI.

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