Eric Schmidt, Google’s former CEO and chairman, discusses the AI arms race in China and in the U.S., as well as the Future of Life Institute’s viral letter on AI, which calls for a pause on development. With an infusion of $80 billion, the IRS has big plans for taxpayers. CNBC’s Robert Frank reports on which taxpayers are likely to face a crackdown. Plus, Becky Quick is in Tokyo! Warren Buffett’s Berkshire Hathaway has raised its stakes in Japan’s five largest trading houses, and Buffett himself is in Japan, getting ready for a 3-hour interview on Squawk Box to discuss the move. 

In this episode: 

Robert Frank, @robtfrank

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Melissa Lee, @MelissaLeeCNBC

Katie Kramer, @Kramer_Katie