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☆ AI risks destroying jobs. Tech leaders think they have the answer.
▼ + stars: | 2024-07-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. AdvertisementFor prominent tech figures, there's also a PR dimension to supporting the basic income concept, he said. AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.

Persons: —, UBI, Jack Dorsey, Mark Zuckerberg, Elon Musk, Matthew Johnson, Geoffrey Hinton, Sam Altman, Jason Redmond, Johnson, they're, Scott Santens, Santens, computerization, there's, It's, Altman, Axel Springer, LLMs Altman, Anna Yelizarova Organizations: Service, Tesla, Business, Northumbria University, BBC Newsnight, Getty, Politico, Life Institute Locations: Paris, AFP

☆ The tech industry wants to create an AI utopia. Its leaders think Universal Basic Income is the answer.
▼ + stars: | 2024-07-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. Recently, the OpenAI CEO also floated the idea of what he calls "universal basic compute." AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.

☆ CNBC Daily Open: Nasdaq record, Tesla future value?
▼ + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Alain Jocard | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. This valuation, however, wouldn't be based on Tesla's success as an electric vehicle manufacturer, but rather as a robotics company. While Musk didn't provide a specific timeframe for this claim, he also suggested Tesla could reach a $5 trillion to $7 trillion valuation as a robotaxi company. In 2020, Tesla's worth even surpassed the combined value of Toyota, Volkswagen, Hyundai, GM, Ford and BMW.

Persons: Elon Musk, Porte, Alain Jocard, Elon, Tesla, Cathie Wood, Wood, CNBC's, Dan Ives, Chris Ailman, Ailman, CNBC's Michael Santoli, Jeff Cox, Michael Santoli, Jordan Novet, Katie Bartlett, Pia Singh, Riley de León, Spencer Kimball, Lisa Kailai Han, Brian Evans Organizations: SpaceX, Twitter, Porte de, AFP, Getty, CNBC, Toyota, Volkswagen, Hyundai, GM, Ford, BMW, California State Teachers, Nvidia, & $ Locations: Paris, Tesla

☆ L’Oreal says it's working on a form of bioprinted skin that can actually ‘feel’
▼ + stars: | 2024-05-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

L'Oreal says it is working with start-ups and research institutions to bioprint skin that can actually "feel." PARIS, France — French beauty and cosmetics giant L'Oreal is working on a form of synthetically produced skin that it says will one day be able to "feel" like we do. At the Viva Technology conference in Paris last week, L'Oreal showed off demonstrations of "bioprinting," technology that can 3D print humanlike skin, in action. L'Oreal says it ceased testing its products on animals back in 1989, long before it was required by regulation. We're doing it internally but also working with external partners as well," Balooch told CNBC at the firm's booth at VivaTech.

Persons: Balooch Organizations: L'Oreal, Viva Technology, CNBC Locations: PARIS, France, Paris, VivaTech

☆ AI cancer screening programs are booming, but you'll likely have to pay for them yourself
▼ + stars: | 2024-05-30 | by ( Bertha Coombs | ) www.cnbc.com time to read: +6 min

watch nowArtificial intelligence for cancer screening has taken off. So, it is quite a challenge," said Brittany Berry-Pusey, CEO of AI screening startup Avenda Health. Nearly 600 of them have been radiology AI applications approved in the last five years. Thorwarth wrote that AI reimbursement is complex and establishing billing codes for every approved AI tool is "problematic." RadNet's executives compare the process with AI screening to the radiology industry's experience with digital breast Tomosynthesis, known as 3D mammography.

Persons: Brittany Berry, Pusey, Porte, Julien De Rosa, Berry, William Thorwarth, Thorwarth, mammography, Rodrigo Cerda, Cerda, RadNet, Greg Sorensen, RadNet's, Sorensen Organizations: FDA, Food and Drug Administration, Porte de, Afp, Getty, American Medical Association, American College of Radiology, Centers, Medicare, Medicaid Services, CNBC, Artificial Intelligence, Blue Cross Locations: Paris, New Jersey

☆ Former TikTok CEO Kevin Mayer says AI hype is at an all-time fever pitch right now
▼ + stars: | 2024-05-24 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

Kevin Mayer, co-founder and co-CEO of Candle Media, speaks at the Milken Institute Asia Summit in Singapore on Sept. 29, 2022. Former TikTok CEO and Candle Media co-CEO Kevin Mayer says the hype around artificial intelligence has reached a crescendo, with company valuations looking "astronomical." "AI provides capabilities that have not yet been seen and are very valuable. But the hype cycle has been dramatic," Mayer said. "I think we'll see a peak of that, of the hype within AI, the valuations, and everyone talking about how it's gonna disrupt every single corner of our economic universe and personal lives."

Persons: Kevin Mayer, Karen Tso, Mayer Organizations: Candle Media, Milken Institute Asia Summit Locations: Singapore, Paris

☆ EU AI act: Meta, Amazon execs say Europe’s new AI law could harm innovation
▼ + stars: | 2024-05-24 | by ( Tom Foster | ) edition.cnn.com time to read: +3 min

The first-of-its-kind law is poised to reshape how firms and other organizations in Europe use AI for everything from health care decisions to policing. For Meta’s (META) AI chief, Yann LeCun, “the big question” about the new law is “should research and development in AI be regulated?”“There are clauses in the EU AI act and various other places that do regulate research and development. I don’t think it’s a good idea,” he told CNN’s Anna Stewart at the Paris event. LeCun, widely known as one of the “godfathers of AI,” disagrees with concerns that AI could soon surpass human intelligence. “We need to make sure that innovation continues to happen and that the innovation doesn’t just come outside Europe.

Persons: Yann LeCun, ”, CNN’s Anna Stewart, “, Werner Vogels, Stewart, Vogels, “ Let’s Organizations: London CNN, Meta, CNN, EU, overregulating Locations: Paris, Europe, EU, underinvesting

☆ CEOs of AI startups backed by Microsoft and Amazon are the new tech rockstars
▼ + stars: | 2024-05-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

French founder of artificial intelligence start-up Mistral AI, Arthur Mensch attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France. PARIS — It's not unusual for well-known technology CEOs to be mobbed by fans or start-up founders looking to make connections at industry conferences around the world. VivaTech, one of Europe's biggest tech shows, enjoyed the attendance of Arthur Mensch, the co-founder and CEO of Mistral AI and Anthropic CEO Dario Amodei. Just over a year old, Mistral AI is a French startup that has raised hundreds of millions of dollars and the backing of Microsoft . The astronomical rise of Mistral AI, which develops AI models much like OpenAI, has put the spotlight on its CEO Mensch.

Persons: Arthur Mensch, Porte de Versailles, PARIS —, Dario Amodei, Mensch Organizations: Viva Technology, Parc, PARIS, Mistral, Microsoft Locations: Paris, France, French

☆ It's not just you, the AI dump feels never-ending right now
▼ + stars: | 2024-05-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewIf you feel like you can't keep up with the deluge of AI announcements, you're not alone. In the last two weeks, developers and consumers have been bombarded with a steady stream of AI updates and product launches, showing just how heated the AI race has become. Gartner's Chandrasekaran gave two reasons for why the flurry of AI announcements is happening now. AdvertisementThat means that there's going to be a lot of so-called AI washing and AI marketing as companies fight for a chance to get noticed, Chandrasekaran added. "And they could be calling it AI or they may be using more classic machine learning and calling it like Gen AI."

Persons: —, Eric Schmidt, OpenAI, Arun Chandrasekaran, Sundar Pichai, Gartner's Chandrasekaran, Chandrasekaran, It's, There's, it's, there's Organizations: Service, Business, Google, Gemini, Project Astra, Microsoft, Apple, Gartner, Bloomberg Locations: Paris

☆ Tesla is building a huge battery factory in Shanghai even as US-China trade tensions rise
▼ + stars: | 2024-05-24 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The factory, which was announced in April last year, aims to begin production in the first quarter of 2025. The battery facility will be close to Tesla’s Shanghai Gigafactory, which is the company’s largest plant outside the United States, producing almost one million cars a year. Rising tensionsWhile most Western companies are face rising barriers to doing business in China, things have been smoother for Tesla. “Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favor of no tariffs,” Musk said.

Persons: Hong Kong CNN — Tesla, Elon Musk, Tom Zhu, Tesla, Wu Xiaohua, ” Musk, Li Qiang, Li, Joe Biden, Musk, “ Tesla Organizations: Hong Kong CNN, Lingang Group, Tesla, Reuters, “ Locations: Hong Kong, Shanghai, China, United States, Beijing, Washington, Tesla’s Gigafactory, Europe, Paris

☆ X CEO Linda Yaccarino accuses Australia of 'overreach' after judge lifts ban on stabbing video
▼ + stars: | 2024-05-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

PARIS, France — X CEO Linda Yaccarino on Friday hit out at Australia after a face off with online safety regulators. It comes after the Elon Musk-owned social media platform X last week won a reprieve in Australia as a court refused to extend a temporary order blocking videos of a Sydney church stabbing. In a talk onstage at the VivaTech conference in Paris, Yaccarino accused Australia of overreach over the dispute. "The good news is that the people prevailed," Yaccarino, the former global advertising chief at CNBC parent company NBCUniversal, said. "We're happy to be that beacon of light and that place for truth."

Persons: Linda Yaccarino, Elon, Yaccarino Organizations: Elon Musk, eSafety, CNBC Locations: PARIS, France, Australia, Sydney, Paris, overreach

☆ Chinese EV makers continue aggressive push into Europe under growing threat of tariffs
▼ + stars: | 2024-05-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

PARIS — Chinese electric carmakers are pushing ahead with expansion into Europe, even as politicians raise the possibility of high tariffs on vehicles from the world's second largest economy. The result of this probe could lead to tariffs on Chinese EV imports. The U.S. has already taken such a step, with the Biden administration imposing 100% tariffs on Chinese EV imports this week. Chinese EV makers have been aggressively expanding overseas, as they look to challenge Elon Musk's Tesla internationally but also to gain an early lead ahead of established automakers. China's EV industry has boomed over the years thanks to incentives and support from the Chinese government, which has concerned politicians in Europe and the U.S.

Persons: Xpeng, BYD, Biden, Elon Musk's Tesla, Bruno Le Maire Organizations: European Commission, EV, Companies, U.S, CNBC, French Finance Locations: Amsterdam, Netherlands, France, Paris, PARIS, Europe, China, U.S

☆ Elon Musk says AI will take all our jobs
▼ + stars: | 2024-05-23 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN —Elon Musk says artificial intelligence will take all our jobs and that’s not necessarily a bad thing. “Probably none of us will have a job,” Musk said about AI at a tech conference on Thursday. While speaking remotely via webcam at VivaTech 2024 in Paris, Musk described a future where jobs would be “optional.”“If you want to do a job that’s kinda like a hobby, you can do a job,” Musk said. Concerns also continue to mount over how various industries and jobs will change as AI proliferates in the market. The report also said the majority of jobs previously identified as vulnerable to AI were not economically beneficial for employers to automate at that time.

Persons: CNN — Elon, ” Musk, Musk, ”, Ian Banks, “ Organizations: CNN, MIT’s Computer, Artificial Intelligence Locations: Paris

☆ 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

☆ 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

☆ 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

☆ 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

☆ Elon Musk says he didn't ask for Biden's tariff on electric vehicles from China
▼ + stars: | 2024-05-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk said he wasn't involved in President Joe Biden's tariff on Chinese electric cars. The White House announced the 100% tariff on Chinese EV imports on May 14. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk said he was surprised when President Joe Biden announced a tariff on Chinese electric vehicles. "Neither Tesla nor I asked for these tariffs," the Tesla CEO said during an interview at the VivaTech conference in Paris on Thursday.

Persons: Elon Musk, wasn't, Joe Biden's, Musk, —, Joe Biden, Tesla Organizations: White House, Service, Business Locations: Paris, China

☆ 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

"We need much more European big players, and I think Mistral AI can be one of them," Macron said of France's leading AI company. Macron also praised H, the newly launched French AI startup that announced this week it had raised a massive $220 million from its initial round of financing. He compared allowing American tech giants to operate under U.S. regulations while in Europe, to allowing a French bank in the United States to ignore American banking regulations. When it comes to China, however, Macron implied that he thought some U.S. tech regulations had gone too far. "Look, I think China is a competitor when you speak about trade, innovation and economy.

Persons: Emmanuel Macron, Macron, CNBC's Andrew Ross Sorkin Organizations: France —, Microsoft, CNBC, European, EU Artificial Intelligence, European Union, Google, TikTok Locations: PARIS, France, France — Europe, China, United States, U.S, Paris, Mistral, Europe, Washington, Brussels

☆ '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

☆ Tesla CEO Elon Musk says he favors 'no tariffs' on Chinese EVs
▼ + stars: | 2024-05-23 | by ( Ryan Browne | ) 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. PARIS, France — Tesla CEO Elon Musk said on Thursday that he doesn't support President Biden's recent announcement of a tariff on Chinese electric vehicles. "Neither Tesla nor I asked for these tariffs," Musk said during a question and answer session at the VivaTech conference Wednesday in Paris. "Tesla competes quite well in the market in China with no tariffs and no deferential support," Musk said Thursday. It's a change of tune for Musk, who suggested earlier this year that Chinese EV companies will crush competitors elsewhere in the absence of trade restrictions.

Persons: Elon Musk, Tesla, Biden's, Musk, Biden Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Revenue Locations: Beverly Hills , California, PARIS, France, Paris, China, Europe

☆ 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

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