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He said Musk "bought what Putin was selling, hook, line, and sinker" regarding the war in Ukraine. Hoffman told The New Yorker Musk "bought what Putin was selling, hook, line, and sinker," regarding Russian President Vladimir Putin's account of the war in Ukraine. Putin wants peace—we should be negotiating peace with Putin,'" Hoffman told The New Yorker, referencing Musk's comments at a September 2022 conference in Aspen. Obviously, we are pro Ukraine," Musk tweeted hours after his poll. "Elon tends to have a 'I must build it with my own hands'" approach, Hoffman told CNBC in April.
Persons: Reid Hoffman, Elon Musk, Putin, Musk, Hoffman, Vladimir Putin's, he'd, Vladimir, Steven Butow, Starlink, we'll, Colin Kahl, Elon —, , Elon Organizations: Paypal Mafia, New, PayPal, Kremlin, SpaceX, Politico, Pentagon, CNN, Defense, Policy, New Yorker, Milken, CNBC, Tesla Locations: Ukraine, Aspen ., Russia, Crimea, Ukrainian, New
Humanity could be on the brink of making major progress in multiple areas of science. These are artificial intelligence, room-temperature superconductors, and nuclear fusion. A lesson from ChatGPT: people get excited by progress when they understand what it means. It's not a surprising attitude from the man who also said "we wanted flying cars, instead we got 140 characters." Efforts remain underway to replicate a room-temperature superconductor's creation.
Persons: Peter Thiel, Thiel, LLMs, chatbot, Marc Andreessen, OpenAI's Sam Altman, Andreessen Organizations: Milken, Peking University, Times, Milken Institute Locations: Korea, Beijing, Silicon, California, ChatGPT
These are artificial intelligence, room-temperature semiconductors, and nuclear fusion. A lesson from ChatGPT: people get excited by progress when they understand what it means. In South Korea last month, researchers declared the discovery of the world's first room-temperature, ambient pressure superconductor – a rock-like material known as LK-99. But if Andreessen and his ilk want the general public to get excited by nuclear energy and superconductors, they have the answer in their own backyard in ChatGPT. Humans need to see and understand the benefits of progress for themselves.
Persons: Peter Thiel, Thiel, LLMs, chatbot, Marc Andreessen, OpenAI's Sam Altman, Andreessen Organizations: Milken, Peking University, Times, Milken Institute Locations: Korea, Beijing, Silicon, California, ChatGPT
Hollywood writers and actors have been on strike for over a week. Economists are warning that the shutdown could cost the US billions of dollars. The previous writers' strike in 2007 wiped $2 billion off Los Angeles' economy alone. Major films alone contribute around $250,000 to the US economy each day of production, according to data from the Motion Picture Association. New seasons of "The Last of Us", "Euphoria", and "The White Lotus" have already been delayed as a result of the strikes.
Persons: Milken, Kevin Klowden, It's, Ted Lasso, Jason Sudeikis, Oscar, Susan Sarandon, Olivia Wilde Organizations: Service, Milken Institute's, Yahoo Finance, Motion, Association, The, Guild of America, SAG Locations: Angeles, Wall, Silicon, Los Angeles, California, LA, New York, Albuquerque, Atlanta, Pittsburgh
Leon Black, Chairman, CEO and Director, Apollo Global Management, LLC, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, May 1, 2018. A federal lawsuit filed Tuesday accused Leon Black, the billionaire co-founder of Apollo Global Management, of raping a then-16-year-old girl with autism in 2002 at the Manhattan townhouse of disgraced financier Jeffrey Epstein. "Wigdor's prior case against Mr. Black was recently thrown out by the Court and this one will be too. "This sham proceeding will be promptly dismissed and will provide further ammunition for Mr. Black's pending sanctions motion against the Wigdor firm," the lawyer said. The bid for sanctions also references Guzel Ganieva, who was represented by Wigdor in a 2021 lawsuit accusing Black of sexual assault and defamation was dismissed in May.
Persons: Leon Black, Jeffrey Epstein, Epstein, Ghislaine Maxwell, Wigdor, Black, Jane Doe, Jeanne Christensen, Jane Doe's, " Christensen, Susan Estrich, Estrich, Black's, Cheri Pierson, Pierson, Guzel Ganieva, Ganieva Organizations: Apollo Global Management, Milken, Global Conference, Black, New York Times, U.S . Virgin, Senate Finance, New York Supreme, Wigdor Locations: Beverly Hills , California, Manhattan, U.S, New York, Epstein's Manhattan
Reid Hoffman took a dig at Elon Musk over his stance on AI in a Milken Institute talk this week. Musk has signed a letter backing an AI development pause, but also wants to make a ChatGPT rival. Hoffman said, "Elon, while signing that letter, is trying to hire a whole team and stand up an AI effort." Elon Musk has some incongruous views on AI development, and LinkedIn cofounder Reid Hoffman pointed that out in a recent talk. On CNBC's "Squawk Box" last month, Hoffman said he disliked the idea of pressing pause on AI and criticized Musk over his stance on AI development.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s Fed panel full interview ahead of the Fed decisionHarris Financial Group's Jamie Cox, Societe Generale's Subadra Rajappa and Milken Institute's William Lee, join 'The Exchange' to discuss the looming Fed meeting, where another 25bps rate hike is expected.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere isn't a banking crisis, the problem is banking supervision, says Milken's William LeeHarris Financial Group's Jamie Cox, Societe Generale's Subadra Rajappa and Milken Institute's William Lee, join 'The Exchange' to discuss the looming Fed meeting, where another 25bps rate hike is expected.
During a panel, Ashton Kutcher said that companies not using AI tools like ChatGPT will shutter. In fact, actor-turned-investor Ashton Kutcher is so impressed that he thinks businesses that aren't using AI tools will suffer. "If you're a company, and you're sleeping on this, you're probably going to be out of business," he said about ChatGPT during a panel at the Milken Institute's Global Conference on Monday. Education, for instance, will be revolutionized by AI, Kutcher said. Kutcher's thoughts on AI come in response to the meteoric rise of generative AI tools.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailData is pointing in the right direction, but there's no convincing evidence on inflation: Milken Institute's LeeBill Lee, chief economist at the Milken Institute, joins 'The Exchange' to discuss the Fed's search for convincing evidence of inflation reduction, the relationship between employment, wages and disinflation, as well as the market response to Fed policy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat to expect from Powell's upcoming comments, with the Milken Institute's Bill LeeBill Lee, chief economist at the Milken Institute, joins 'The Exchange' to discuss monetary policy lags, cumulative tightening and expectation for Powell's upcoming comments on Fed policy.
Mnuchin this week criticized the G-7's plan for a cap onFormer U.S. Treasury Secretary Steve Mnuchin described the G-7's plan for a price cap on Russian oil as "ridiculous." I think the problem now is that there's limited options ... there's parts of the world that are now buying Russian oil outside of U.S. sanctions," he said. "But look, a price cap, the market is going to set the price. As Europe seeks to wean itself off Russian oil and gas, Moscow has ramped up its sale of oil to countries including China and India. Energy analysts say it will be vital to get those countries' cooperation for any price cap to be effective, but it remains unclear how they will react to any final announcement.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bi-modal economy is something we haven't focused on enough, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, joins 'Power Lunch' to discuss Fed messaging about the timeline for tackling inflation, the condition of the American economy and the market pricing in risk.
Binance's Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. The chief executive of the largest online exchange for cryptocurrency, Binance, criticized the former CEO of bankrupt exchange FTX and took aim at economist Nouriel Roubini. "When he tweets about a sparring partner, his house is burning and all this is happening, he's losing focus. Zhao also added detail about Binance's decision to back out of a deal to rescue rival exchange FTX on Nov. 9. CNBC has contacted FTX and Bankman-Fried for a response to the comments but has not yet received a reply.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with William Lee of the Milken InstituteThe Milken Institute's Bill Lee joins 'The Exchange' to discuss the economic implications of recent Fed policy and dampening inflation expectations in housing markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is using tough talk that's credible, says Bill Lee of the Milken InstituteThe Milken Institute's Bill Lee joins 'The Exchange' to discuss economic implications of recent Fed policy and dampening inflation expectations in housing markets.
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