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CEO of SpaceX and Tesla, and owner of Twitter, Elon Musk, at the Viva Technology conference at the Porte de Versailles exhibition center on June 16, 2023 in Paris, France. Tesla CEO Elon Musk says he is "incredibly excited about the future of India," adding that it has "more promise than any large country in the world." "I am a fan of Modi," Musk admitted Tuesday in a video interview published on Prime Minister Narendra Modi's official YouTube page. Modi and Musk last met in 2015 when the Indian prime minister visited Tesla's Fremont Factory in California. The Indian prime minister is on his first state visit to the U.S., where he's expected to hold high-level talks with leaders and business executives on defense, technology and India's role in the Indo-Pacific.
Persons: Elon Musk, Porte, Modi, Musk, Narendra Modi's Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, Tesla's Fremont Locations: Paris, France, India, New York, Tesla's, California, U.S
The world's largest air show, which alternates with Farnborough in Britain, is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. REUTERS/Benoit TessierIndiGo's deal highlights the growing importance of India, the world's fastest-growing aviation market, serving the largest population, to planemakers. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars.
Persons: Le Bourget, Emmanuel Macron, planemakers, Sash Tusa, Benoit Tessier IndiGo's, there's, Pieter Elbers, flynas, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Julia Payne, Nandan Mandayam, Mark Potter, Jonathan Oatis Organizations: Airbus, Defence, Indian, Paris, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Partners, Air, REUTERS, Saudi, Bloomberg, Kyiv, Rafale, Eurofighter, Thales, Mexico's Viva, Thomson Locations: Paris, PARIS, Britain, UKRAINE, European, France, Germany, Spain, Le Bourget, India, Ukraine, Ukrainian, Belgium, Franco, Spanish, Indonesia, Air India
[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars. The planemaker is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.
Persons: Benoit Tessier, Le Bourget, Emmanuel Macron, planemakers, there's, Pieter Elbers, flynas, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Airbus, Defence, Indian, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Saudi, Bloomberg, Rafale, Eurofighter, Thales, Qantas, Viva Aerobus, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, PARIS, Britain, India, Ukraine, Belgium, Franco, Spanish, Indonesia
[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit TessierPARIS, June 19 (Reuters) - The Paris Airshow opened on Monday with last-minute jet order negotiations and supply chain headaches competing for attention with rows of missiles, drones and futuristic transport. France's Thales (TCFP.PA) announced a contract from Indonesia for 13 long-range air surveillance radars. On the commercial side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. Airbus is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.
Persons: Benoit Tessier PARIS, Le Bourget, Emmanuel Macron, France's, planemakers, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Farnborough, French Rafale, U.S, Rafale, Eurofighter, France's Thales, Airbus, . Industry, Qantas, Viva Aerobus, Boeing, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, Britain, Belgium, Franco, Spanish, Ukraine, Indonesia
Macron told CNBC France will "invest like crazy" into A.I. "I think we are number one [in AI] in continental Europe, and we have to accelerate," French President Emmanuel Macron told CNBC's Karen Tso last week. watch nowWhile the U.S is seen as the leader in AI by many measures, France hopes to catch up. Underscoring the potential and hype of AI developments, four-week-old French startup Mistral AI raised 105 million euros to fund the company. I think we need a global regulation," Macron said.
Persons: Emmanuel Macron, Macron, Nathan Laine, Karen Tso, OpenAI's, Bruno Le Maire, Jean, Noel Barrot, Paris, Anton Dahbura, Rishi Sunak, Dahbura, Organizations: Viva Tech, CNBC France, Bloomberg, Getty, PARIS —, French Finance, Digital, CNBC, European Union, Johns Hopkins Institute, Autonomy, Microsoft, OpenAI, Nvidia, Global, EU, Organisation for Economic Co Locations: A.I, PARIS — France, Europe, China, U.S, France, Germany, Britain
PARIS/MEXICO CITY, June 18 (Reuters) - Airbus (AIR.PA) is in advanced talks over a major new order from Mexican ultra-low-cost carrier Viva Aerobus, industry sources said on Sunday. "We currently have an ongoing order of A321neo with Airbus with deliveries until 2027," a spokesperson for Viva Aerobus said. "Whilst Viva is a leading and growing ULCC in the Americas, we have not signed any new order with any (manufacturer)." In 2013, it defected from Boeing to Airbus with an order worth up to $4 billion for 40 Airbus A320-family jets after a bitterly fought contest between the two plane giants. Reporting by Tim Hepher and Allison Lampert; Editing by Andrew Heavens Editing by Andrew Heavens and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Viva Aerobus, Tim Hepher, Allison Lampert, Andrew Heavens, Mark Potter Organizations: MEXICO CITY, Airbus, Viva Aerobus, Viva, Boeing, Paris, Thomson Locations: PARIS, MEXICO, Mexican, Americas
Meta's chief AI scientist said AI trained on large language models is still not very smart. Yan LeCun said AI can't learn how to load a dishwasher or reason like a child could, CNBC reported. AI like ChatGPT that's been trained on large language models isn't even as smart as dogs or cats, Meta's chief AI scientist said. He said that AI tools trained on large language models are limited because they're only coached on text. "What it tells you we are missing something really big … to reach not just human level intelligence, but even dog intelligence," LeCun added.
Persons: Yan LeCun, that's, Yann LeCun, LeCun, it's Organizations: CNBC, Viva Tech, BBC News Locations: Paris
REUTERS/Gonzalo FuentesJune 16 (Reuters) - Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters. After Musk acquired Twitter in October, many advertisers fled the platform, wary that their promotions could appear alongside inappropriate content after the company laid off thousands of employees and cut costs dramatically. Musk's hiring of Yaccarino, a longtime advertising executive who previously led ad sales at NBCUniversal, was seen as a signal that digital ads remained a priority for Twitter. A Twitter executive declined to comment. Reporting by Sheila Dang in Dallas; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Elon Musk, Porte, Gonzalo Fuentes, Linda Yaccarino, Musk, Sheila Dang, Jonathan Oatis Organizations: Elon, SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Reuters, Twitter, Warner Bros, Walmart, Yaccarino, Thomson Locations: Paris, France, McDonald's, Dallas
Tesla CEO Elon Musk thinks the automaker's market capitalization is directly tied to whether the automaker is able to solve autonomous driving, the billionaire told LVMH scion Antoine Arnault on Friday. "Sometimes I've said, 'Hey, I think the stock price is too high at Tesla,' and then the stock price goes up. But Musk also suggested Tesla's market cap was tied to whether the company could perfect autonomous driving technology. "Really the value of the company is primarily on the basis of autonomy," Musk said. Musk has said for several years that Tesla is close to solving autonomous driving, but the company's cars still only provide advanced driver assistance features.
Persons: Elon Musk, Porte, LVMH, Antoine Arnault, Musk, I've, that's, Tesla Organizations: SpaceX, Tesla, Viva Technology, Porte de Locations: Paris
In this article BABABABA Follow your favorite stocks CREATE FREE ACCOUNTAlibaba founder Jack Ma is "happy," according to the company's President Michael Evans. Costfoto | Future Publishing | Getty ImagesPARIS — Alibaba founder Jack Ma is "alive" and "happy," the Chinese e-commerce giant's president said Thursday, after speculation continues about the billionaire's activities following Beijing's intense crackdown on his tech empire. He's well, he's happy. He's teaching at a university in Tokyo, spending more time in China," Alibaba President Michael Evans said at the Viva Tech conference in Paris. He cares ... as much about this company today, as he did when he started, and I expect that that will continue for as long as Alibaba and Jack Ma are here.
Persons: BABA BABA, Jack Ma, Michael Evans, Te, Alibaba, Jack, Ma, Maurice Levy Organizations: Getty, PARIS, Viva Tech, Ant Locations: Tokyo, China, Paris, Beijing
Elon Musk met the Italian prime minister, Giorgia Meloni, on Thursday. The pair discussed AI, European market rules, and birth rates. The Tesla CEO met the Italian prime minister, Giorgia Meloni, on Thursday for a wide-ranging discussion that touched on AI and birth rates. The prime minister called the meeting "fruitful" and a "moment of great cordiality" in a tweet. She said: "We addressed some crucial issues: innovation, opportunities and risks of artificial intelligence, European market rules and birth rates."
Persons: Elon Musk, Giorgia, Emmanuel Macron, Noël Barrot Organizations: Morning, Viva Tech, CNBC, Jean Locations: France, Europe, Paris
Michael Evans, President of Alibaba Group, said that the firm will bring its Tmall e-commerce site to Europe. Michael Evans, president of Alibaba, said the company will bring one of its China e-commerce services Tmall into Europe. In China, Tmall is an Alibaba site and app that has a big focus on selling foreign brands to Chinese consumers. Launching Tmall in Europe reflects a significant shift in strategy for Alibaba in its international e-commerce operations. However, Evans' suggestion is that Tmall in Europe would focus on selling local brands to local shoppers.
Persons: Michael Evans, PARIS —, Alibaba, Evans Organizations: Alibaba, PARIS, Viva Tech, Shipping, AliExpress, Tmall, Digital Commerce Locations: Europe, China, Paris, France, Spain
Elon Musk met with Italy Prime Minister Giorgia Meloni on Thursday and discussed the risks of artificial intelligence and birth rates, among other topics, the Italian leader tweeted Thursday. Meloni tweeted in Italian that she and Musk discussed "innovation, opportunities and risks of artificial intelligence, European market regulations, and birth rates." Musk has repeatedly warned of the risks of artificial intelligence. In February, Musk said AI is "one of the biggest risks to the future of civilization." Musk has also in the past called rapidly declining birth rates "one of the biggest risks to civilization."
Persons: Elon Musk, Giorgia Meloni, Tesla, Meloni, Musk, Jean, Noel Barrot, Emmanuel Macron Organizations: Italy, Viva Tech, France's, CNBC, Macron Locations: Rome, Austin , Texas, France, Paris, Europe
Chief AI Scientist at Meta Yann LeCun spoke at the Viva Tech conference in Paris and said that artificial intelligence does not currently have human-level intelligence but could do one day. Current artificial intelligence systems like ChatGPT do not have human-level intelligence and are barely smarter than a dog, Meta's AI chief said, as the debate over the dangers of the fast-growing technology rages on. At the same panel, Yann LeCun, chief AI scientist at Facebook parent Meta, was asked about the current limitations of AI. He focused on generative AI trained on large language models, saying they are not very intelligent, because they are solely coached on language. "What it tells you we are missing something really big … to reach not just human level intelligence, but even dog intelligence," LeCun concluded.
Persons: Meta Yann LeCun, Elon Musk, Jacques Attali, Attali, Yann LeCun, LeCun Organizations: Meta, Viva Tech, Facebook Locations: Paris, French, U.S
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SpaceX, Twitter and electric car maker Tesla CEO Elon Musk with France's President Emmanuel Macron (L) at the Elysee presidential palace in Paris on May 15, 2023. France has been looking to woo Musk and Tesla to set up a factory in the country. PARIS — France is trying to convince Elon Musk to build Tesla's next Gigafactory in the country, the nation's digital minister told CNBC on Wednesday, in the most explicit comments yet that Paris wants the billionaire's investment. France has been looking to boost its position as a hub for the electric car industry, opening its first electric car battery factory this year. Barrot praised Musk as a "great inventor, probably one of the greatest of the beginning of this century."
Persons: Elon Musk, Emmanuel Macron, Tesla, Jean, Noel Barrot, CNBC's Charlotte Reed, Barrot, Musk Organizations: SpaceX, Twitter, PARIS —, CNBC, Union, Viva Tech Locations: Paris, France, PARIS, PARIS — France, Europe, U.S, Germany, China
VIVA Biotech said it will use the net proceeds to redeem convertible bonds in a bid "to settle its outstanding liabilities without occupying its internal resources." The deal included capital injection into VIVA Shanghai by new investors and sale of existing interest in VIVA Shanghai from Viva Investment, another unit of VIVA Biotech, the filing showed. Ltd, will altogether hold 17.55% stake in VIVA Shanghai after the deal, according the filing. HLC SPV and Qingdao Hongyi, both linked to HighLight Capital, will obtain a total of 6.66% stake from the transaction. VIVA Biotech has initiated a restructuring which will transfer all assets and personnel related to its early-stage drug discovery business to VIVA Shanghai, and move out of the Shanghai unit any assets and personnel related to drug development and manufacturing service, the filing showed.
Persons: Roxanne Liu, Kane Wu, Stephen Coates Organizations: Singapore's Temasek, Capital, VIVA Biotech Holdings, HK, VIVA, VIVA Shanghai, VIVA Biotech, Viva Investment, Daxue Investments, Temasek Holdings, Temasek, Ltd, SPV, Qingdao Hongyi, Investors, Thomson Locations: Shanghai, Viva
After receiving $145 million from Binance.US's operator by 2021, Sigma Chain spent $11 million on buying a yacht, the SEC complaint said, without elaborating. It is unclear from the SEC complaint how much money Zhao is alleged to have drawn from Merit Peak and Sigma Chain. The SEC also said Zhao used Merit Peak to direct more than $16 million to fund Binance's purportedly independent U.S. affiliate Binance.US. Binance used its BUSD holdings to meet customer withdrawals by selling them for dollars as needed, Reuters reported in May. The SEC complaint also identified Binance Labs, a venture capital arm of Binance, as part of the exchange's plan to increase demand for BNB.
Persons: Zhao, Binance, Benoit Tessier LONDON, Changpeng Zhao, John Reed Stark, Stark, Binance's, Angus Berwick, Tom Wilson, Lisa Barrington, Hadeel Al, Elisa Martinuzzi, Alexander Smith Organizations: Viva Technology, Porte de, REUTERS, Binance, Securities and Exchange Commission, SEC, Swiss, Sigma Chain, Reuters, Silicon, Internet, Futures Trading Commission, U.S . Justice, Reuters Graphics, Silvergate Bank, Merit, Sigma, Binance Labs, Thomson Locations: Porte, Paris, France, Binance, U.S, Virgin Islands, Dubai, London, Hadeel Al Sayegh
Motorola announced its new Razr and Razr Plus foldable phones on June 1. Motorola's Razr Plus fixes my biggest issue with clamshell-style foldable phonesThe Razr Plus doesn't have the bottom lip that the previous model had, which makes for a cleaner look. Now, the Razr and Razr Plus have a modern clamshell design, where both halves are identical and flat. Motorola's standard Razr could be the most affordable foldable phone you can buyThe standard Razr also lacks the bottom lip of the previous Razr iteration for a cleaner overall look. Motorola Razr and Razr Plus specs
Persons: Antonio Villas, I'm, Villas, Sage, that's, You'll, That's Organizations: Motorola, Spectrum Mobile, Google, Optimum, Boas, Qualcomm, Samsung Galaxy, Samsung, Motorola hasn't, preorder Locations: 165Hz, 144Hz
Colombia's Avianca backs down from Viva Air merger
  + stars: | 2023-05-13 | by ( ) www.reuters.com   time to read: +1 min
BOGOTA, May 13 (Reuters) - Colombia's flagship airline Avianca is backing down from a merger with Viva Air, blaming conditions set by the country's aviation regulator, the company announced Saturday. In a statement, Avianca said conditions set by the regulator "would not allow Viva to be a financially and operationally viable airline," and also put Avianca's stability at risk. Colombia's aviation regultaor did not immediately respond to a request for comment. Colombia's aviation regulator approved the merger in late April after repeated delays, with the civil aviation authority objecting to the deal last November, before annulling and reopening the process in January after citing procedural irregularities. Amid the limbo, Viva Air abruptly suspended operations in late February, leaving passengers stranded in airports across the country.
The migrants climbed into the rusted wagons of a freight train three days ago, hoping this would be the last leg of their seemingly endless journey to America. Now, with the Chihuahuan desert sun bearing down, exhaustion gave way to optimism: They were closing in on the border. Adolescents waved at the passing cars. Masses of people have been rushing to the border in recent weeks, as a pandemic-era health restriction that the United States used to quickly expel migrants who crossed the border illegally expires. People were coming by bus, mostly, and sometimes by plane.
Airbus Jan-April deliveries fall 5%, regains lead over Boeing
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: +1 min
The world's largest planemaker also sold five planes in April, all of them to undisclosed companies or private customers. That brought new orders so far this year to 161 planes, or a net total of 144 after cancellations. Boeing, which had pulled ahead of Airbus on deliveries amid supply snags in the first quarter, said earlier it had delivered 156 planes and won 154 gross orders in the first four months. Boeing's net orders after cancellations and conversions, which are comparable to Airbus net orders, stood at 69 aircraft so far this year. Airbus is aiming for 720 deliveries this year, having originally targeted that level in 2022 before lowering the goal to 700 then dropping it altogether due to supply chain problems.
A migrant fixes his sock as he stands next to other migrants taking part in a caravan towards Mexico City called 'The Migrant's Via Crucis' in memory of the 40 migrants who died during a fire at a migrant detention center in the border city of Ciudad...moreA migrant fixes his sock as he stands next to other migrants taking part in a caravan towards Mexico City called 'The Migrant's Via Crucis' in memory of the 40 migrants who died during a fire at a migrant detention center in the border city of Ciudad Juarez, as they walk along the road en route to Viva Mexico, Chiapas state, Mexico April 23. REUTERS/Mahe ElipeClose
As many as three in four adults earn cash through such applications, showed a recent survey by job portal Incruit. Retiree Han Sun-jae, 77, said he had made some 50,000 won ($37.91) so far through the Toss app. The trend shows people are going the extra mile to help overcome an increasingly dire economic situation, experts said. "While the effort to make pocket money is commendable, it could also leave people vulnerable to personal data use," said Lee Eun-hee, a consumer studies professor at Inha University. ($1 = 1,318.79 won)Reporting by Hyunsu Yim; Additional reporting by Ju-min Park; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
[1/5] Migrants take part in a caravan towards Mexico City called 'The Migrant's Via Crucis' in memory of the 40 migrants who died during a fire at a migrant detention center in the border city of Ciudad Juarez, as they walk along the road en route to Viva Mexico, Chiapas state, Mexico April 23, 2023. The migrants, mostly Venezuelans, started their march north early in Tapachula, the city bordering Guatemala whose detention centers have been overwhelmed by their vast numbers. Some said they expected to reach Mexico City in about 10 days. Fleeing violence and poverty in Central America, thousands of migrants walk together for safety to Mexico each year, crossing several states in hopes of finding a legal route into the United States. Out of money, he said his family was hoping to speed up the legal process needed for onward travel in Mexico City.
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