Nextdoor Holdings, Inc. (KIND)

Investing in AI: Goldman Sachs conference roundup

AI is a topic that has dominated the headlines at Goldman Sachs’ annual ‘Communacopia’ tech conference this week. Yahoo Finance Executive Editor Brian Sozzi spoke to analysts and top executives from the technology, media, and telecommunications landscape in San Francisco regarding AI integration across the industry. Nextdoor (KIND) is utilizing AI to help users compose posts and keep communities better connected. Nextdoor CEO Sarah Friar said, "Nextdoor is doing some pretty cool things on the AI front with its assistant ... with that data we can do things like help a neighbor compose a post. Zoom (ZM) announced some new integrations including Zoom AI companion. Zoom CFO Kelly Steckelberg explained, "There are things like chat compose ... There are things like meeting summaries, which after the fact help categorize and capture not only what happened in the meeting, but also the true sentiment." Hasbro (HAS) is planning to adopt AI within its digital gaming sector. Hasbro CEO Chris Cocks said, "I think any creative would admit that AI is transformative to how they think about and how they concept new ideas. So I think it's gonna be very exciting." Okta (OKTA) CEO Todd McKinnon discussed Okta's adoption of AI models, like ChatGPT, and the impact of AI across the industry. McKinnon explained, "There's a lot of hype in our industry. I think this may be under hyped. I think it impacts things at so many levels." News Corporation (NWSA) CEO Robert Thomson explained the impact of AI on the media industry. Thomson stated, "We're facing another wave, in this case a tsunami potentially, of job losses because of the impact of AI ... It's important that all media companies understand the impact, but it's also incumbent on the big AI players to understand their impact." Intuit (INTU) is launching 'Intuit Assist,' a generative AI assistant. Intuit CEO Sasan Goodarzi explained that it's "really a personalized, intelligent assistant in your pocket." Grindr (GRND) CEO George Arison explained the impact of AI and how the company plans to utilize it within its app. Arison said, "AI is gonna change this whole industry completely. And so we're thinking a lot about how do we use AI to match people a lot better and to support the conversations that are happening." Video highlights: 00:00:12 - Nextdoor CEO Sarah Friar 00:00:38 - Zoom CFO Kelly Steckelberg 00:01:12 - Hasbro CEO Chris Cocks 00:01:24 - Okta CEO Todd McKinnon 00:01:43 - News Corporation CEO Robert Thomson 00:02:09 - Intuit CEO Sasan Goodarzi 00:02:34 - Grindr CEO George Arison