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BARCELONA — A top executive at Salesforce says she is "optimistic" that U.S. Congress will make new laws to regulate artificial intelligence soon. She noted that the need to consider guardrails has become a "bipartisan" issue for U.S. lawmakers and highlighted efforts among individual states to devise their own AI laws. "It's very important to ensure U.S. lawmakers can agree on AI laws and work to pass them soon," Goldman told CNBC. And I think it's very important that we have a set of guardrails around the technology," Goldman added. Goldman sits on the U.S. National AI Advisory Committee, which advises the Biden administration on topics related to AI.
Persons: Paula Goldman, guardrails, Goldman, We've, we're, that's, Biden Organizations: U.S . Congress, BARCELONA, CNBC, Mobile, Congress, Senate, U.S, National AI Advisory Locations: Barcelona, Spain, United States, EU
Arjun Kharpal | CNBCThe Mobile World Congress, the world's largest mobile show, is a place where device makers show off some of their latest innovations. Arjun Kharpal | CNBCTecno showed off an augmented reality glasses product with a video game controller attached. Arjun Kharpal | CNBCXiaomi has spent years talking up its smartphones' camera capabilities. Arjun Kharpal | CNBCChinese firm Tecno showed off a robot dog. Arjun Kharpal | CNBC
Persons: Arjun Kharpal, It's, There's, Oppo Oppo, Kharpal, CNBC Tecno, CNBC Xiaomi, German Shepherd, Tecno Organizations: Mobile, CNBC, Congress, Motorola, China's Lenovo, CNBC Lenovo, Samsung Galaxy, Samsung, CNBC Samsung Locations: Barcelona, Spain, Korean, German
"We are initiating coverage of Evolent Health with an Outperform rating and $45 price target." Goldman Sachs downgrades Estee Lauder to neutral from buy Goldman downgraded the stock and said it's under "sizeable pressure." "We are upgrading Annexon (ANNX shares) to Overweight from Neutral and establishing a December 2024 price target of $11." Bank of America reiterates Eli Lilly as buy Bank of America raised its price target on the stock to $1000 per share from $800. "Following 4Q23 earnings we are upgrading GoodRx from Neutral to Overweight and increasing our December 2024 price target from $7 to $10."
Persons: Davidson, Campbell, Morgan Stanley, JD, TD Cowen, Parker, Dell, Goldman Sachs, Goldman, Louise Singlehurst, Tom Ford, Jefferies, Root, AVGO's, Stephens, Vita Coco, COCO, Piper downgrades, Piper, Redburn, Oppenheimer, Daiwa, Morgan Stanley downgrades Flywire, Goldman Sachs downgrades Estee Lauder, Estee Lauder, Dwight, Wells, Eli Lilly, Lilly, D.A Organizations: Apple, Vulcan, Merck, Vertex Pharmaceuticals, Bank of America, Broadcom, York Community Bancorp, Netflix, Micron, Mizuho, MU, Citi, EV, Health, Nvidia, Dwight, Hewlett Packard Enterprises, JPMorgan, biosciences, " Bank of America Locations: York, Davidson, Oshkosh, Minneapolis , MN
Jason Alden | Bloomberg | Getty ImagesBARCELONA — British telecommunications giant BT says it expects to launch its first so-called "standalone 5G" network in 2024. Howard Watson, BT's chief technology officer, told CNBC that the telco group plans to switch on its standalone 5G network, which is often referred to in the industry as "true" 5G, later this year. "We've already been ensuring that the SIM cards that our customers have in their current 5G devices can do 5G standalone," Watson added. 5G standalone is different from 5G Advanced, though. 5G standalone refers to the development of a 5G network that isn't being built on top of 4G cores.
Persons: Jason Alden, Howard Watson, Watson, Milind Kulkarni, Kulkarni Organizations: BT Group, Bloomberg, Getty, BT, CNBC, Mobile, Congress, Swedish, Ericsson, Qualcomm, Apple, Samsung Locations: Reading, BARCELONA, British, Barcelona, Europe
The smart ring era is here. Honor, the mobile business spun out of Huawei, also announced this week that it's working on a smart ring. Avi Greengart, president and lead analyst at Techsponential, told Business Insider at MWC that Samsung's Galaxy Ring "validates the smart ring category." Rumors of an Apple smart ring have been simmering for over a decade — mostly due to a string of patents the company has filed for. There's another good reason tech companies are eyeing smart rings right now, according to IDC analyst Francisco Jeronimo: subscriptions.
Persons: , Prince Harry, Mark Zuckerberg, Jack Dorsey, Jennifer Anniston, Jimmy Kimmel, Smart, they've, Oura, Avi Greengart, Apple, Bloomberg's Mark Gurman, Jeremy Liew, Liew Apple, Greengart, Francisco Jeronimo, Jeronimo Organizations: Samsung, Service, Mobile, Congress, MWC, Huawei, IDC, Apple, Venture, Business Locations: Barcelona, Cupertino
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We are starting to see the AI revolution' on mobiles, says Qualcomm CEOCristiano Amon ,CEO of Qualcomm, discusses AI and the mobile phone industry with CNBC.
Persons: Cristiano Amon Organizations: Qualcomm, CNBC
Apple cancels work on an electric car, reports say
  + stars: | 2024-02-28 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +2 min
London CNN —Apple has abandoned decade-long efforts to build a self-driving electric car, according to multiple media reports, calling time on a project that some saw as potentially transformative for the auto industry. The news comes as electric vehicle (EV) sales have disappointed, prompting several major manufacturers to pull back on investments. Apple had been hiring automotive executives since at least 2014 and, in April 2017, it received a permit from the California Department of Motor Vehicles to test self-driving vehicles. Two years later, it acquired Drive.ai, a self-driving car startup. In 2020, Morgan Stanley analysts said an Apple car had the potential to be “a transformative event” for the automobile and mobility industry in the coming decades, much as the iPhone disrupted the mobile phone industry.
Persons: London CNN —, Morgan Stanley Organizations: London CNN, London CNN — Apple, Bloomberg, CNN, Apple, California Department of Motor Vehicles, BMW
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies are already trying to put AI features on consumer-facing products at MWC: Research firmNicole Peng, senior vice president of mobility at Canalys, discusses the role that artificial intelligence is playing at the Mobile World Congress 2024 in Barcelona.
Persons: Nicole Peng Organizations: Companies, MWC, Research, Mobile Locations: Barcelona
Motorola's "adaptive display concept" was on display at Mobile World Congress in Barcelona. See-through screens, phones that wrap around your wrist and expandable displays — these are all concept tech that gadget makers showed off this week, in a bid to stand out from competitors in a cut-throat hardware market. At the world's largest mobile trade show, the Mobile World Congress in Barcelona, some of the biggest companies in the world showed off some unusual screen technology. "As a result we are seeing a proliferation of weird and wonderful new designs such as wrist worn phones, rollable screens, virtual 3D displays and more." Here's some of the screen tech on display at MWC:
Persons: Ben Wood Organizations: Mobile, MWC, Apple, Samsung, CCS Insight, CNBC Locations: Barcelona
The move to launch a flip foldable is in line with Honor's push into the premium end of the market where it's looking to challenge companies like Samsung and Apple . There are two styles right now on the market — smartphones that fold like a book and those that fold vertically like an old school flip phone but without a visible hinge. BARCELONA — Honor will launch a foldable flip phone this year, the company's CEO told CNBC, marking the Chinese technology firm's first foray into the vertical-folding style of smartphone that has been popularized by brands like Samsung and Motorola. The entry into flip foldables will expose Honor to a different price point. The flip style of phones, such as Samsung's Galaxy Z Flip 5 are often priced cheaper than the horizontal-style folding devices.
Persons: George Zhao, Neil Shah, Zhao Organizations: Samsung, Apple, CNBC, Motorola, Mobile, Research, Counterpoint Research, Huawei Locations: BARCELONA, Barcelona, U.S, China
Motorola's "adapative display concept" smartphone can wrap around a user's wrist. Arjun Kharpal | CNBCBARCELONA, Spain — Motorola thinks we may be wearing our phones on our wrist in future. But Motorola is keen to show the progress of display technology to stand out in the crowded smartphone market. During a demonstration, a Motorola representative showed how the phone could bend in various ways to wrap around a wrist or stand up on a table. The mechanism that allows the phone to bend was desecribed by the Motorola representative as similar to the way the human spine works.
Persons: Arjun Kharpal Organizations: CNBC, Motorola, Lenovo, Mobile Locations: CNBC BARCELONA, Spain, Barcelona
Samsung has gone big on generative AI with its Galaxy S24 Ultra smartphone. When was the last smartphone supercycle? Smartphone makers have been dreaming of a "supercycle" in their industry, driven by AI, after a bruising few years that saw device sales slow aggressively. 'AI phone era'Major smartphone players are betting that a supercycle is about to happen thanks to AI. "We're right now at the dawning of an entirely new era, an AI phone era," Kitto said.
Persons: Kim Hong, they're, Francisco Jeronimo, Jeronimo, Ben Wood, Wood, James Kitto, Kitto, Brian Rakowski, Rakowski, We've Organizations: Samsung Electronics, Reuters, Reuters BARCELONA –, Samsung, Google, Galaxy, Apple, Financial Times, Mobile, Congress, Huawei, Qualcomm, IDC, Twitter, CNBC, 3G, CCS, Samsung's, Google's, Android Locations: Seoul, South Korea, Reuters BARCELONA, Chertsey , England
BARCELONA — Chinese electronics maker Honor is working on a smart ring, its CEO told CNBC on Tuesday, just a day after Samsung took the wraps off of its own offering in the product category. Samsung debuted the Galaxy Ring on Monday after teasing it earlier this year. The device, which is the company's first foray into the product category, has multiple sensors that can track health markers, such as the wearer's heart rate. Honor is developing its own smart ring, company CEO George Zhao told CNBC at the Mobile World Congress in Barcelona. "Internally, we have this kind of solution, now we are working on that part, so in the future you can have the Honor ring," he said.
Persons: George Zhao Organizations: Mobile World Congress, MWC, CNBC, Samsung, Mobile Locations: Barcelona, BARCELONA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope is falling behind on digital infrastructure, says Nokia CEOPekka Lundmark, CEO of Nokia, discusses the role of artificial intelligence in telecommunications and Europe's digital infrastructure at the Mobile World Congress.
Persons: Pekka Lundmark Organizations: Nokia, Mobile
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope's telecom landscape needs to be more investor-friendly, Telenor CEO saysTelenor CEO Sigve Brekke discusses artificial intelligence and the outlook for the telecom industry at the Mobile World Congress in Barcelona.
Persons: Sigve Brekke Organizations: Telenor, Mobile Locations: Barcelona
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe virtual reality space is 'massively growing' for both consumers and businesses, HTC saysShen Ye, global head of product at HTC, discusses the outlook for virtual reality at the Mobile World Congress.
Persons: Shen Ye Organizations: HTC, Mobile
'This is the year of AI,' says Cisco CEO
  + stars: | 2024-02-27 | 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'This is the year of AI,' says Cisco CEOChuck Robbins, CEO of Cisco, discusses AI, the partnership with Nvidia and the chips cycle at the Mobile World Congress in Barcelona.
Persons: Chuck Robbins Organizations: Cisco, Nvidia, Mobile Locations: Barcelona
Read previewThis as-told-to essay is based on a conversation with Jaclyn Sienna India, the founder of the luxury travel concierge Sienna Charles. I wanted to take that elegance, knowledge, and personal service I learned in the restaurant and bring it to travel. Faking it until I made itI started my own travel concierge, Sienna Charles, 16 years ago. Before it had a name, we definitely had been practicing quiet luxury travel and hospitality. Sienna Charles specializes in "quiet luxury" travel.
Persons: , Jaclyn Sienna India, Sienna Charles, Bec, Abercrombie, there's, it's, We're, we're, George W, Bush, Sienna Charles Many, I've, We've, Mariah Carey, we've, They've, Carbone, I'd, I'm, Jacqueline Sienna India, Sienna Charles ., Sienna Charles I Organizations: Service, Business, Gotham Magazine, Manhattan Magazine, Disney Locations: New Jersey, Kent, Paris, Ethiopia, Turkey, Los Angeles, New York City, Africa, Capri, Sicily, I'm, Europe
Google introduced the image generator earlier this month through Gemini, the company's main suite of AI models. "We are hoping to have that back online very shortly in the next couple of weeks, few weeks." "The Gemini debacle showed how AI ethics *wasn't* being applied with the nuanced expertise necessary," Margaret Mitchell, chief ethics scientist at Hugging Face and former co-leader of Google's AI ethics group, wrote on X. On Sunday, a text-based user query went viral, asking the Gemini chatbot whether Adolf Hitler or Elon Musk's tweeting of memes had a greater negative impact on society. WATCH: Google's Gemini chatbot is 'evolutionary not revolutionary'
Persons: Demis Hassabis, Hassabis, Bard, OpenAI's, Gemini, Margaret Mitchell, Sundar Pichai, Pichai, Adolf Hitler, Elon Musk's, Elon Musk, Elon, Hitler, Sissie Hsiao Organizations: Google, Gemini, Mobile, Microsoft Locations: Barcelona, German, British, France, ChatGPT
Since they are AR glasses, users can see digital content imposed over the real-world view they see in front of them. Oppo, a Chinese firm and one of the world's biggest smartphone makers, announced the Oppo Air Glass 3 at the Mobile World Congress in Barcelona. BARCELONA – Oppo on Monday unveiled a prototype set of augmented reality (AR) glasses with a voice assistant, underscoring how electronics giants are trying to infuse artificial intelligence across their products to stand out. The Air Glass 3 needs to be tethered to an Oppo smartphone. Oppo said that its latest AR glasses are equipped with a voice assistant which is powered by the Chinese tech giant's own large language model (LLM) called AndesGPT.
Persons: Oppo, Alibaba — Organizations: Mobile, BARCELONA, Oppo, Baidu, Tech, Apple, IDC Locations: Barcelona, China
watch nowMicrosoft on Monday announced a new partnership with French start-up Mistral AI – Europe's answer to ChatGPT maker OpenAI — as the U.S. tech giant seeks to expand its footprint in the fast-evolving artificial intelligence industry. It will also see Microsoft bolster the start-up's access to new customers as it rolls out its ChatGPT-style multilingual conversational assistant "Le Chat," or "the cat." Mistral AI logo is displayed on a mobile phone screen. Anadolu | Getty ImagesMicrosoft President Brad Smith said on Monday that the deal was an "important" signal of the company's backing of European technology. "What we're fundamentally agreeing to a long-term partnership with Mistral AI so that they can train and deploy their next generation models for AI on our AI data centres, our infrastructure, effective immediately," he added.
Persons: OpenAI —, Le, Brad Smith, Smith, CNBC's Karen Tso Organizations: Microsoft, Monday, French, Anadolu, Getty, Europe, Mobile, Congress, Mistral Locations: U.S, Barcelona, Spain
CNBC Daily Open: Wall Street high on AI euphoria
  + stars: | 2024-02-26 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +1 min
This 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. Berkshire Hathaway earnings jumpBerkshire Hathaway operating earnings surged 28% in the fourth quarter, while its cash pile soared to record levels. For the full year, operating earnings rose to $37.35 billion, up 17% from $30.85 billion in the previous year. [Pro] China AI stocks surgeEven if China's broader market recovery remains muted, Chinese artificial intelligence stocks are rising.
Persons: Berkshire Hathaway, Morgan Stanley Organizations: CNBC, Dow, Nasdaq, Samsung, Mobile, Congress, Lenovo, Berkshire Hathaway, Baidu Locations: Barcelona, Berkshire, China
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. Xiaomi revealed its SU7 electric car in China in late December but has yet to announce a specific price. Building on its tech capabilities as a telecommunications and smartphone company, Huawei has swiftly become a player in China's electric car market. Apple has yet to formally enter the electric car market despite reports it has been working on one. But the system is due for rollout in the coming months to appliances and the forthcoming car, Lu said.
Persons: Xiaomi, Evelyn Cheng, it's, Weibing Lu, Lu, That's, Lu Xiaomi Organizations: CNBC, Mobile, Apple, Samsung, Porsche –, Huawei, Baic Group, Xiaomi Locations: Evelyn Cheng BEIJING, China, Barcelona, Beijing, Xiaomi, Canalys
Companies like Qualcomm and MediaTek have launched smartphone chipsets that enable the processing power required for AI applications. Large language models are huge AI models trained on vast amounts of data that underpin applications like the widely popular chatbots. The other big part of the AI smartphone puzzle is the term "on-device AI." Previously, many AI applications on devices were actually partly processed in the cloud, then downloaded onto the phone. Smartphone makers say on-device AI improves the security of gear, unlocks new applications and also makes them faster, since the processing is done on the handset.
Persons: SeongJoon Cho, OpenAI's ChatGPT, Bryan Ma, Ma, Ben Wood, Wood Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Mobile World Congress, MWC, IDC, CNBC, Qualcomm, MediaTek, CCS Insight Locations: Seoul, South Korea, Barcelona, Spain
New York CNN —AT&T is reimbursing customers for the nearly 12-hour network outage on Thursday, the company announced in a news release. The mobile network will issue a $5 credit to “potentially impacted” AT&T Wireless customers, which it says is the “average cost of a full day of service.”“We recognize the frustration this outage has caused and know we let many of our customers down,” the company said late Saturday. The network outage, which was first reported on Thursday at 3:30 a.m. AT&T had encountered sporadic service interruptions in the days leading up to the outage, including a temporary 911 outage in some parts of the southeast. While regional disruptions to wireless service happen occasionally, prolonged nationwide outages are rare.
Persons: Organizations: New, New York CNN —, T Wireless, AT, T’s, Cricket Wireless, Cricket, Federal Communications Commission, Infrastructure Security Agency, CNN Locations: New York, United States
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