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☆ Elon Musk predicts smarter-than-humans AI in 2 years. The CEO of China's Baidu says it's 10 years away
▼ + stars: | 2024-05-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Chesnot | Getty ImagesPARIS — Robin Li, CEO of one of China's biggest tech firms Baidu , said artificial intelligence that is smarter than humans is more than 10 years away, even as industry staple Elon Musk predicts it will emerge very soon. Artificial general intelligence, or AGI, broadly relates to AI that is as smart or smarter than humans. Li, whose company Baidu is one of China's leading AI players, signals this isn't realistic. I think [it] is more than 10 years away," Li said during a talk on Wednesday at the VivaTech conference in Paris. "[My] fear is that is that AI technology is not improving fast enough.

Persons: Robin Li, Porte de Versailles, Musk, AGI, Sam Altman, Li, it's, Everyone's Organizations: Baidu, Viva Technology, Parc, Getty, PARIS, Elon Locations: Paris, France, Europe

☆ AI will change jobs, but the growth is more important, France's digital affairs minister says
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI will change jobs, but the growth is more important, France's digital affairs minister saysMarina Ferrari, France's secretary of state for digital affairs, discusses the potential risks and benefits of artificial intelligence on a panel with CNBC's Karen Tso at VivaTech in Paris.

Persons: Marina Ferrari, Karen Tso Locations: VivaTech, Paris

☆ 'Focus is the key, Tesla could use more of it,' says former board member Westly
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Focus is the key, Tesla could use more of it,' says former board member WestlySteve Westly, managing director of The Westly Group and former Tesla board member, discusses the EV automaker and Elon Musk with CNBC's Karen Tso and Arjun Kharpal at VivaTech in Paris.

Persons: Tesla, Steve Westly, Elon Musk, Karen Tso, Arjun Kharpal Organizations: EV, Elon Locations: VivaTech, Paris

☆ ManpowerGroup CEO says there's a 'significant' promise of productivity gains with AI
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailManpowerGroup CEO says there's a 'significant' promise of productivity gains with AISpeaking to CNBC at VivaTech in Paris, ManpowerGroup CEO Jonas Prising reviews the potential impact of artificial intelligence on the workforce.

Persons: there's, Jonas Prising Organizations: CNBC, VivaTech Locations: Paris

☆ Elon Musk has lost his focus, former Tesla board member says
▼ + stars: | 2024-05-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Tesla could use more of high-profile CEO Elon Musk's divided focus at a critical juncture for the electric vehicle industry, former board member Steve Westly said Thursday. And it appears now that Mr Musk's focus is in too many areas," Westly told CNBC at the annual VivaTech conference in Paris. Tesla could use more of it," said Westly, who is managing director of venture capital firm The Westly Group and an early Tesla investor. Just how much of a liability Musk is for Tesla, however, Westly said was "for the board to decide."

Persons: Elon Musk, Tesla, Elon Musk's, Steve Westly, Westly, Jensen Huang —, he's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, CNBC Locations: Beverly Hills , California, Paris

☆ Struggle to see where a Nvidia competitor would come from, analyst says
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStruggle to see where a Nvidia competitor would come from, analyst saysBen Wood, chief analyst at CCS Insight, discusses yet another bumper set of results from Nvidia with CNBC's Karen Tso and Arjun Kharpal at Vivatech in Paris.

Persons: Ben Wood, Karen Tso, Arjun Kharpal Organizations: CCS Insight, Nvidia Locations: Vivatech, Paris

☆ French Finance Minister Bruno Le Maire says France is the AI leader in Europe
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench Finance Minister Bruno Le Maire says France is the AI leader in EuropeFrench Finance Minister Bruno Le Maire talks about the competitiveness of Europe's tech firms at VivaTech in Paris.

Persons: Bruno Le Maire Organizations: French Finance, Europe French Finance Locations: France, Europe, VivaTech, Paris

☆ Ex-Google CEO Eric Schmidt has an easy solution to the terrifying idea of AI with free will
▼ + stars: | 2024-05-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

At VivaTech in Paris, Eric Schmidt shared some unsettling predictions about the dangers of AI. The former Google CEO said if computers developed free will, "we're going to unplug them." AdvertisementEric Schmidt made some unsettling predictions Wednesday about AI while speaking at the annual VivaTech conference in Paris. Schmidt acknowledged that the development of AI posed dangers but said the biggest threats hadn't arrived yet. If and when those threats do materialize, Schmidt seems to think the world will have a way to deal with it.

Persons: Eric Schmidt, —, he's, Schmidt, hadn't Organizations: Google, Service, Business Locations: VivaTech, Paris

☆ AI will power the stock market for the next decade, former Cisco CEO says
▼ + stars: | 2024-05-22 | by ( April Roach | ) www.cnbc.com time to read: +2 min

John Chambers, CEO of Cisco, at the 2015 CGI Annual Meeting in New York. Adam Jeffery | CNBCArtificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday. "AI will power the stock market for the next decade," Chambers told CNBC's Karen Tso on the sidelines of the VivaTech conference in Paris. watch nowChambers said 38% of venture capital in the U.S. in the first quarter went into AI stocks. Chambers compared Nvidia's place in the AI market to Cisco's position in the internet market.

Persons: John Chambers, Adam Jeffery, Chambers, CNBC's Karen Tso, Maurice Lévy, Lévy Organizations: Cisco, CNBC, JC2 Ventures, Nvidia Locations: New York, Paris, U.S, Europe

☆ Microsoft and Amazon to invest $5.6 billion into France as Macron courts tech giants
▼ + stars: | 2024-05-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Microsoft said in a statement Monday that it's committing 4 billion euros ($4.3 billion) toward expanding its cloud and AI infrastructure in France, in addition to funding AI skilling and support for France's technology industry. The announcement was made during the "Choose France" summit, a gathering dedicated to encouraging foreign investment in France. Amazon, meanwhile, made a commitment of its own to invest 1.2 billion euros in France. Collectively, the commitments from Microsoft and Amazon to France amount to $5.6 billion of funding. In total, France reportedly bagged a record 15 billion euros of investment commitments from foreign companies at an annual "Choose France" summit on Monday.

Persons: it's, ”, Brad Smith, “, —, Frederic Duval, Duval, Emmanuel Macron, Macron, Redmond Organizations: Microsoft, Amazon, Facebook, FAIR, Mistral Locations: Athens, Greece, France, French, Mulhouse, Amazon's, Paris, Washington, Mistral

☆ Why can’t we stop calling X, Twitter?
▼ + stars: | 2024-02-23 | by ( Saira Mueller | ) edition.cnn.com time to read: +10 min

While some people (mainly fans of Musk) have embraced the X brand, most have not. Many people, both online and in person, still call the platform Twitter, and refer to posts as tweets. WHY ARE WE STILL CALLING THIS PLATFORM TWITTER. Even when you do see X, it's framed as "X, formerly Twitter". So the brand is what they say it is… it’s not that customers can’t stop calling it Twitter, it’s that they won’t.”

Persons: it’s, adieu, Elon Musk, — Jack Scalfani, ”, — Sherrye Pomeroy, Linda Yaccarino, It’s, ” Ramon Jimenez, Wolff Olins, “, ” Marty Neumeier, —, Musk, ’, Zoë Schiffer, Schiffer, Josh Adelson, X, x.com, ” Musk, wasn’t, Neumeier, “ It’s, ’ ” Elon Musk, Alain Jocard, James Withey, Kirill Kudryavtsev, Withey, — Sandy Horne Organizations: CNN, Twitter, Premium, Twitter Twitter, Global, Merriam, Webster, Oxford English, Liquid Agency, Elon, Musk, Twitter Inc, X Corp, Getty, The New York Times, Apple, Adobe, Google, Strategy, Innovation, Nissan, Datsun Locations: @sherrye_pomeroy, San Francisco, Paris, AFP, Frankfurt, Germany, @SandyHorne61

☆ Larry Summers and Bret Taylor are joining OpenAI's board as Sam Altman returns
▼ + stars: | 2023-11-22 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Sam Altman is set to return to OpenAI, with a new board in place, the company announced Wednesday. Former board members Ilya Sutskever, Helen Toner, and Tasha McCauley are out. AdvertisementSam Altman is set to return to OpenAI with a new board that includes Bret Taylor, Larry Summers, and Adam D'Angelo, the company announced in an X post Wednesday. We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. — OpenAI (@OpenAI) November 22, 2023The shakeup sees the departure of former board members Ilya Sutskever, Helen Toner, and Tasha McCauley.

Persons: Sam Altman, Larry Summers, Bret Taylor, Adam D'Angelo, Ilya Sutskever, Helen Toner, Tasha McCauley, —, OpenAI, Greg Brockman, Altman, they've, Bret Taylor Taylor, Taylor, Clay Bavor, who'd, Larry Summers Larry Summers, He's, @LaurenceParisot, aLKph9WEla — Lawrence H, Summers, Adam D'Angelo D'Angelo, D'Angelo, Kara Swisher, Emmett Shear, Quora, Poe Organizations: Service, Microsoft, Google, Facebook, Twitter, Elon, Google Labs, LinkedIn, Harvard, Bloomberg, GZERO Media Locations: Salesforce, Paris

☆ Tesla ordered by auto regulators to provide data on 'Elon mode' Autopilot configuration
▼ + stars: | 2023-08-30 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Tesla has received a special order from federal automotive safety regulators requiring the company to provide extensive data about its driver assistance and driver monitoring systems, and a once secret configuration for these known as "Elon mode." If the driver leaves the steering wheel unattended for too long, the "nag" escalates to a beeping noise. As CNBC previously reported, with the "Elon mode" configuration enabled, Tesla can allow a driver to use the company's Autopilot, FSD or FSD Beta systems without the so-called "nag." Tesla CEO Elon Musk who also owns and runs the social network X, formerly Twitter, often implies Tesla vehicles are self-driving. His use of Tesla's systems would likely comprise a violation of the company's own terms of use for Autopilot, FSD and FSD Beta, according to Greg Lindsay, an Urban Tech fellow at Cornell.

Persons: Elon Musk, Porte, Tesla, Elon, John Donaldson, Philip Koopman, Koopman, Ann Carlson, Ashok Elluswamy, Greg Lindsay, Grep, Bruno Bowden, Musk Organizations: SpaceX, Twitter, Porte de, CNBC, Traffic Safety Administration, Bloomberg, NHTSA, Automotive, Carnegie Mellon University, California DMV, FSD, Urban Tech, Cornell Locations: Paris, California

☆ Elon Musk says he may need surgery
▼ + stars: | 2023-08-07 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023. Tesla CEO Elon Musk said he may require surgery and is planning to receive an MRI on his neck and upper back, according to a post on X, the social media platform formerly known as Twitter. Musk, who in addition to Tesla also holds senior leadership roles at X, SpaceX and Neuralink, added that he will know more this week. If Musk ultimately requires surgery, his condition could at least temporarily take some of his attention away from his multiple executive roles. It could also delay the proposed sparring match between him and Mark Zuckerberg, CEO of Meta .

Persons: Elon Musk, Porte, Musk, Tesla, Mark Zuckerberg, Zuckerberg Organizations: SpaceX, Twitter, Porte de, Meta Locations: Paris

☆ Amazon's online advertising unit just brought in over $10 billion in the second quarter
▼ + stars: | 2023-08-03 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +1 min

Amazon's online advertising business is getting bigger as the slumping digital ad market shows signs of improvement. Amazon's overall sales grew 11% year-over-year to $134.4 billion in the second quarter. Analysts polled by StreetAccount projected Amazon's advertising business to bring in $10.4 billion in sales for the second quarter. Amazon's online advertising businesses has developed into a lucrative business for the online retailer, representing about 7.3% of the worldwide digital ad market, according to Insider Intelligence. Over the past year, Amazon's advertising business has been growing while Meta's core digital ad business has been shrinking.

Persons: Porte, StreetAccount Organizations: Porte de, Intelligence, Facebook Locations: Paris

☆ Amazon offers concessions to UK antitrust watchdog as part of probe into its marketplace practices
▼ + stars: | 2023-07-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Amazon on Wednesday offered commitments to the U.K. Competition and Markets Authority after Britain's competition watchdog raised concerns about the U.S. e-commerce giant's treatment of third-party sellers. One of those commitments proposes to ensure Amazon does not use rival sellers' marketplace data to gain an unfair advantage over other sellers. Amazon's commitments also proposed to guarantee all product offers are treated equally when the company decides which ones will be featured in the "Buy Box." Amazon's marketplace practices were also concerning to European Union regulators that were probing similar issues to the U.K. since 2019. In December, Amazon offered similar commitments to the European Commission, the EU's executive arm, to address its concerns.

Persons: Porte, Amazon, Ann Pope Organizations: Porte de, Amazon, U.K, Competition, Markets, CMA, Union, European Commission, Politico, Federal Trade Commission Locations: Paris, U.S

☆ Tesla shares dip after hours as earnings call disappoints
▼ + stars: | 2023-07-19 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

related investing news UBS downgrades Tesla, says recent rally fully accounts for demand boost Here's how the company did versus expectations: Revenue: $24.93 billion, versus $24.47 billion expected according to Refinitiv. $24.93 billion, versus $24.47 billion expected according to Refinitiv. Alain Jocard | Afp | Getty ImagesBy way of comparison, during the first quarter of 2023, Tesla reported net income of $2.51 billion on revenue of $23.33 billion. During the second quarter last year, Tesla reported net income of $2.27 billion on $16.93 billion in revenue. Early this month, Tesla reported 466,140 total vehicle deliveries for the second quarter and said it had produced 479,700 electric vehicles.

Persons: Elon Musk, execs, UBS downgrades Tesla, Porte, Alain Jocard, Tesla, Musk, we've Organizations: UBS, SpaceX, Twitter, Porte de, Afp, Getty, Wall Locations: Paris

Kin Cheung | Pool | Getty ImagesLONDON — Two countries are jockeying for position as Europe's capital for artificial intelligence. So, who is leading the race to take Europe's AI crown? The European Union has its AI Act, which is set to be the first comprehensive set of laws focusing on artificial intelligence in the West. In contrast the EU's AI Act could make France "less attractive" for investment in artificial intelligence given that it lays down "a burdensome regulatory regime" for AI, Tanna said. Alexandre Lebrun, CEO of Nabla, an AI "copilot" for doctors, said the U.K. and France are "probably even" when it comes to attractiveness for starting an AI company.

Persons: Rishi Sunak, Emmanuel Macron, Kin Cheung, Macron, Karen Tso, Sunak, it's, Sajid Javid, Boris Johnson's, Simmons, Tanna, Anton Dahbura, Alexandre Lebrun, Lebrun, who've, Keir Starmer Organizations: British, Viva Tech, London Tech, Microsoft, U.S, CNBC, supercomputing, European Union, Johns Hopkins Institute, Autonomy, Google, Facebook, EU, Labour Locations: Europe, China, VivaTech, Paris, France, U.S, West, Germany, London

"Need to reach positive cash flow before we have the luxury of anything else," Musk wrote in response to a tweet. Musk took over Twitter in October of last year in a deal valued at around $44 billion, including about $13 billion in debt. He also claimed at that time that the company was "roughly breakeven," and expected to become cash flow positive within the next quarter. A number of widely followed accounts on Twitter posted that they were dismayed they did not qualify to earn income from the program yet. It's not clear how much Twitter paid creators in total in this first round of payments.

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Musk, Linda Yaccarino, Comcast's NBCUniversal, NBCUniversal, Twitter, Andrew Tate —, Tate, influencers, Omar Qazi, Sawyer Merritt, Brian, Ed Krassenstein Organizations: SpaceX, Twitter, Porte de, Getty, BBC, CNBC, Internet Hall of Fame, of, X Corp Locations: Paris, AFP, Romania

☆ Twitter says FTC probe 'has spiraled out of control' and asks to terminate privacy settlement
▼ + stars: | 2023-07-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

The 2011 agreement originally resolved charges that the platform failed to adequately safeguard its users' information. Twitter is asking the court to determine whether the 2011 FTC order "is equitable in light of the FTC's conduct," according to the filing. As a result, the "misfit consent order ... no longer can serve any proper equitable purpose." Our revised consent order gives us new tools to ensure compliance, and we are prepared to use them." WATCH: Elon Musk polls Twitter users over whether he should remain as CEO

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Twitter, it's, overreach, Mr, Musk, Elon Organizations: SpaceX, Twitter, Porte de, Getty, Federal Trade Commission, FTC, X Corp, Department of Justice, CNBC, YouTube Locations: Paris, AFP

☆ Musk picks Vegas for Zuckerberg 'cage match' challenge
▼ + stars: | 2023-06-22 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

(Photo by Alain JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via Getty Images)Twitter owner and Tesla CEO Elon Musk suggested Vegas for the location of a "cage match" after reportedly being challenged to a fight by Facebook co-founder Mark Zuckerberg. Another user cautioned Musk saying, "Better be careful @elonmusk I heard he does the ju jitsu now." Zuckerberg reportedly has a white belt in Brazilian jiu-jitsu. That sparked a comment from Musk that suggested he is up for a fight with the Zuckerberg. The Verge tech publication confirmed that Zuckerberg is "serious about fighting Elon Musk and is now waiting on the details" if Musk decides to follow through.

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Mark Zuckerberg, Musk, Zuckerberg, Mario Nawfal, Dave Camarillo Organizations: SpaceX, Twitter, Porte de, Getty, Facebook, UFC, Blockchain Consulting, Meta, Guerilla Jiu Jitsu, CNBC Locations: Paris, AFP, Vegas

☆ Elon Musk and Bernard Arnault – the world’s 2 richest people – had the ultimate power lunch in Paris on Friday
▼ + stars: | 2023-06-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The world's two richest people met for a power lunch in Paris on Friday. Elon Musk and Bernard Arnault, both worth more than $200 billion, dined at the Cheval Blanc hotel. "Power lunch" may have a whole new meaning after the world's two richest people dined in Paris on Friday. Elon Musk and Bernard Arnault, the CEO of LVMH, met at Cheval Blanc, the luxury hotel run by the French luxury conglomerate. Elon Musk and Antoine Arnault at the VivaTech conference in Paris on Friday.

Persons: Elon Musk, Bernard Arnault, Musk's, Alexandre, Antoine, LVMH, Cheval, Musk, he's, Maye Musk, Antoine Arnault, It's, Gonzalo Fuentes, Reuters Musk's, Giorgia Meloni, Meloni, Emmanuel Macron, Macron Organizations: Morning, Bloomberg, Eiffel, French, Reuters Locations: Paris, Cheval Blanc, Europe, France

☆ Musk: Tesla's value is based primarily on vehicle autonomy
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowPARIS, June 16 (Reuters) - Tesla's (TSLA.O) market value is essentially based on vehicle 'autonomy', said Tesla CEO Elon Musk on Friday, and Musk added that he "did not expect that Tesla would be at this level" regarding the company's stock market value. "The value of the company is primarily on the basis of autonomy," Musk told the Paris VivaTech event. "That's really, I think, the main driver of our value." Tesla says that what it calls “Full Self-Driving” software does not make its vehicle autonomous and requires driver supervision. "Although I've said this before, I think we will solve autonomy soon," the billionaire said at the event.

Persons: Elon Musk, Musk, Tesla, I've, Sudip Kar, Gupta, Mathieu Rosemain, Gilles Guillaume, Hyunjoo Jin, Alistair Bell Organizations: Tesla, Paris, Thomson

☆ Elon Musk asks: 'If I'm so smart, why did I pay so much for Twitter?'
▼ + stars: | 2023-06-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Elon Musk said at a conference in Paris: "If I'm so smart then why did I pay so much for Twitter?" Musk also said he was worried Twitter was having a "corrosive" impact on society. That's what Elon Musk did on Friday at a conference in Paris, quipping: "If I'm so smart, why did I pay so much for Twitter then?" "I think if someone is a regular Twitter user, then most people would say their experience has improved," Musk said. In the case of Tesla the value of the company is primarily on the basis of autonomy."

Persons: Elon Musk, Musk, Twitter, Bernard Arnault, Antoine Arnault, Bernard, Antoine, I've Organizations: Twitter, Morning, Bloomberg, Getty, Tesla Locations: Paris, Blanc

☆ French digital minister: Twitter actions not reassuring us it will comply with new EU rules
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench digital minister: Twitter actions not reassuring us it will comply with new EU rulesFrench Digital Minister Jean-Noel Barrot speaks to CNBC's Charlotte Reed at the VivaTech conference in Paris.

Persons: Jean, Noel Barrot, CNBC's Charlotte Reed Organizations: French Digital Locations: Paris

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