Bret Taylor, OpenAI chair, discusses AI agents, regulation, and the current tech boom.

• On Thursday, Bret Taylor, the board chairman of OpenAI, appeared on CNBC's Squawk on the Street to discuss his AI startup, Sierra.
• In March 2023, Taylor founded Sierra with the goal of assisting companies in developing AI agents that can interact directly with their customers.
• According to Taylor, he predicts that over 10 "significant" enterprise software companies and one major trillion-dollar consumer company will emerge during the current "AI wave."

On Thursday, Bret Taylor, the board chairman of OpenAI, appeared on CNBC's Squawk on the Street to discuss his startup Sierra.

In March 2023, Taylor founded Sierra with the goal of aiding companies in creating AI agents that can interact directly with customers. These agents can range in complexity but generally assist users in answering questions, automating processes, and performing specific tasks, as stated on the company's website.

Taylor stated that your company's branded customer experience will be able to converse with you and perform all the actions you can do on the website.

Taylor is thrilled to establish an "enduring company" with Sierra's current valuation of approximately $4 billion.

According to Taylor, he predicts that over 10 "significant" enterprise software companies and one major trillion-dollar consumer company will emerge during the current "AI wave."

Taylor stated that many people in Silicon Valley believe the focus should be on empowering small tech companies rather than trying to weaken big tech corporations.

Taylor stated that he thinks the U.S. is the "ideal country for entrepreneurs" because "we possess capital, are not heavily regulated, and what frequently occurs in these well-intentioned settings is that individuals impose limitations on the business environment, which benefits established companies because it creates a great deal of intricacy for new businesses."

After Sam Altman was briefly ousted as CEO, Taylor joined OpenAI's board. He has helped steer the company as other executives like Mira Murati have departed, and as the company begins its transition to a for-profit entity.