CNBC TEC Summit live updates: Cisco, Levi's executives discuss AI risks and costs

CNBC's Jon Fortt interviews Wikipedia Founder Jimmy Wales at the 2025 CNBC Technology Executive Council Summit in New York on October 28, 2025CNBCAt a defining moment for business and technology, artificial intelligence is transforming how organizations operate — and introducing new complexities for the leaders responsible for what comes next. So how are companies adapting and shaping technology's next era — from compute ROI and cybersecurity to regulation and quantum computing?CNBC is convening technology executives, industry experts, and CNBC journalists at the annual Technology Executive Council Summit in New York today to discuss the increasingly central role that technology leaders are playing in this transformation. The TEC Summit is an exclusive event for members; learn more about the TEC and apply for membership at www.cnbccouncils.com/tec.Today's top tech headlinesA drone view shows a data center at the Google Storey County Campus in the Tahoe-Reno Industrial Center in Sparks, Nevada, Oct. 9, 2026.Daniel Cole | ReutersHere are some of the top tech-focused headlines from CNBC this morning:Google alters its cloud playbook, enlisting partners to sell more AI chips. Google started working on in-house silicon in 2013, but didn't begin selling its tensor processing units (TPUs) to outside customers until the second quarter of this year. Now the company is tapping Oracle's cloud as another avenue for selling TPUs as it tries to bolster competition with Nvidia in the AI chip market.Anthropic’s cash pile towers over nearly every U.S. company. Anthropic had $112.4 billion in cash and cash equivalents and $19.3 billion in short-term investments as of June 30. That exceeded every non-bank U.S. company in CNBC and S&P Capital IQ data except Berkshire Hathaway and Alphabet.Amazon’s anti-tokenmaxxing memo says engineers should be pickier about using AI. Amazon discouraged teams from relying solely on token usage or code generation as measurements of AI adoption, calling them "deeply flawed" metrics in an internal memo. The memo revises how the company defines the role of software development engineers and managers in the age of AI.— Ian ThomasWhat's on the agenda at this year's TEC SummitThis year's TEC Summit is focusing on what is coming next in AI, whether that's how companies are adapting their strategies based on the advancement in the technology to how they're controlling the costs related to that build out.Discussions will also center on AI regulation, agents, how workers are using the technology and where this acceleration of AI is taking society.Speakers include:Campbell Brown, Forum AI Founder & CEO: Brown will be discussing AI regulation, independent evaluation, what that looks like and how companies can use AI that can be trusted.Nigel Vaz, Publicis Sapient CEO: Vaz is at the center of how companies are rethinking their business models amid the AI age, and why that's harder than learning how to use the technology itself.Calix CEO Michael Weening and CPO Shane Eleniak: Members of the team at Calix will pull back the curtain on how strategic AI decisions are made and implemented across the organization.Keia Cole, Brooklyn Sports & Entertainment Chief Digital Officer: Technology is also transforming the sports industry, and Cole will discuss how AI is being used at the Barclays Center and within the Brooklyn Nets and New York Liberty teams to make sports fans more connected and in touch.Jason Gowans, Levi Strauss Chief Digital & Technology Officer: Organizations are aiming to empower workers and customers with AI tools. Gowans will be sharing his approach to embedding AI into the everyday shopping experience.Jeetu Patel, Cisco President & Chief Product Officer: Rogue AI agents show no signs of slowing down, but Patel said companies need to think about them like they are teenagers. He'll discuss ways companies can safely harness the power of agents and what it means to parent them. — Ian Thomas