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Paddy Cosgrave - 1 Ricardo Moraes - 1 Cosgrave - 1 Maria Ponnezhath - 1
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☆ Web Summit CEO resigns after recent comments on Israeli conflict
  + stars: | 2023-10-21 | by ( ) www.reuters.com   time to read: 1 min
Web Summit's CEO Paddy Cosgrave talks on a stage during the opening of the Web Summit technology conference, in Rio de Janeiro Brazil May 1, 2023. REUTERS/Ricardo Moraes/File photo Acquire Licensing RightsOct 21 (Reuters) - Web Summit Chief Executive and founder Paddy Cosgrave on Saturday resigned after comments he made on the Israeli-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. "Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend," Cosgrave said in a statement. Reporting by Maria Ponnezhath in BengaluruOur Standards: The Thomson Reuters Trust Principles.
Persons: Paddy Cosgrave, Ricardo Moraes, Cosgrave, Maria Ponnezhath Organizations: Rio de Janeiro Brazil, REUTERS, Thomson Locations: Rio de Janeiro, Portugal, Bengaluru
☆ Buffett-backed Nubank has AI investments as 'great priority', CEO says
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Nubank CEO David Velez talks on stage during the opening of the Web Summit technology conference, in Rio de Janeiro Brazil May 1, 2023. REUTERS/Ricardo MoraesSAO PAULO, May 18 (Reuters) - Investments in artificial intelligence are a "great priority" for Brazilian digital lender Nubank , Chief Executive David Velez said on Thursday, adding that the firm expects to demonstrate it soon as it pushes for expansion. "Five years from now you'll be talking to Nubank in your self-driving car, you'll be talking to Nubank in your home," Velez told reporters. Nubank debuted on the New York Stock Exchange in late 2021 raising nearly $2.6 billion. She added Nubank also sees growth opportunity in Mexico as "much bigger" than in Brazil at the moment.
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