Debt Ceiling Negotiations, Inflation Complacency & Digital Banking 5/12/23

CNBC’s Hugh Son discusses Goldman Sachs’ A.I. powered social network Louisa, the startup community Louisa focuses on, and how Louisa uses A.I. to pre-populate user information. Ben White, chief economic correspondent at Politico, and CNBC’s Kayla Tausche discuss the ongoing debt ceiling negotiations, June tax revenue expectations, and Donald Trump’s comments about the debt ceiling fight. Andrew Jeffrey, managing director of fintech software research at Truist, discusses the future of banking and the shift towards digital banking, how SoFi is attracting deposits with a high-yield savings account, and the case for fintech services.