OpenAI President Bret Taylor talks AI agents, regulation, and the current technology boom | Wilnesh News

OpenAI chairman Bret Taylor joined CNBC’s Squawk on the Street on Thursday to discuss his artificial intelligence startup Sierra.

Taylor co-founded Sierra in March 2023 to help companies build artificial intelligence agents that can interact directly with customers. AI agents vary in complexity, but they typically help users answer questions, automate processes and perform specific tasks, according to the company’s website.

“This is how your company gets a branded customer experience that really speaks to you, and it’s going to do everything you can do on your website,” Taylor said.

Sierra has been valued at about $4 billion, and Taylor said he was excited to build a “lasting company.”

Taylor said that in the current “artificial intelligence wave,” he believes there will be more than 10 “meaningful” enterprise software companies and more than one major consumer company worth trillions of dollars.

Asked about regulation in the tech sector and a possible breakup of Google, Taylor said: “I think a lot of people in Silicon Valley think we should be more focused on supporting small tech companies rather than trying to take away power from big tech companies.”

Taylor added that he believes the U.S. is “the best country for entrepreneurs” because “we have the capital. We are not too heavily regulated. What often happens in these well-intentioned environments is that people introduce into the business environment Limitations that actually help start a business.

Taylor joined the OpenAI board last fall after CEO Sam Altman was briefly fired. He helped lead the company as other executives, including former chief technology officer Mira Murati, departed and as the company began its transformation into a for-profit entity.