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☆ Saudi Arabia goes big in Davos as it looks to become a top AI tech hub for the Middle East
▼ + stars: | 2024-01-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

A pop-up showcasing Saudi Arabia's Neom development features among the most prominent on the Davos promenade in 2024. But Saudi Arabia is keen to capture some of the limelight, and talent, from its neighbor on the Arabian Peninsula — an ambition laid bare on the Davos Promenade this year. "He's driving entrepreneurship, he's diversifying the economy ... And there are a lot of people that are really interested in working in Saudi Arabia," said Bremmer. "In the Emirates and in Saudi Arabia, you have millions of people that need upskilling, particularly Saudi Arabia which has a much larger population," Hidary said. Hidary, who was recently in Saudi Arabia, says that the UAE and Saudi Arabia are looking at countries like Singapore and Israel that have supported start-ups and are driven by technology.

Persons: Mohammed al, Jadaan, Prince Mohammed bin Salman's, Ian Bremmer, he's, Bremmer, Jamal Khashoggi, King Abdullah, KAUST, Harri Jarvelainen, Vera Futorjanski, Futorjanski, Israel Jack Hidary, Hidary, — CNBC's Karen Gilchrist Organizations: Saudi, CNBC, United Arab, prince's, —, Economic, Al, U.S, Eurasia Group, MBS, World Bank, Research Technology Centers, King, King Abdullah University of Science, Technology, UCLA, Riyadh's, Center, AI Research, AI, Artificial Intelligence Authority, Veritas Ventures, Emirates Locations: Davos, CNBC DAVOS, Switzerland, United Arab Emirates, Saudi Arabia, Neom, Saudi, Riyadh, China, Istanbul, UAE, Singapore, Israel, Emirates

☆ Attack is the best market defense in international competition, ECB's Christine Lagarde says
▼ + stars: | 2024-01-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

President of the European Central Bank (ECB) Christine Lagarde attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on January 19, 2024. Being strong means having a strong, deep market. Europe faces an uncertain future in its relationship with its closest international ally, following the U.S. vote. With that in mind, Lagarde said Europe should invest more in its capital markets in order to fund investments, such as, for instance, in the green transition. "Our competitive disadvantage compared to the U.S. is not subsidies but the function of our private capital market."

Persons: Christine Lagarde, Lagarde, Joe Biden, —, Donald Trump, Christian Linder, Linder Organizations: European Central Bank, Economic, Republican, German Finance Locations: Davos, Europe, U.S, United States

☆ What the global elite are saying about AI behind closed doors
▼ + stars: | 2024-01-19 | by ( Matt Turner | ) www.businessinsider.com time to read: +8 min

AdvertisementThe annual World Economic Forum just wrapped up in Davos, Switzerland, and talk of artificial intelligence was just about everywhere. AdvertisementPlenty of companies touted their AI wares at the World Economic Forum in Davos this year. Related storiesAt Automation Anywhere, which, as its name suggests, works on automating work, the customer-service team shrank when AI was implemented. Others I spoke to agreed: Many businesses have small-scale AI experiments running, often with promising results so far. These AI projects are expensive, and not every company has the financial or human capital to pursue an ambitious AI strategy.

Persons: Matt Turner, —, Sam Altman, Rob Goldstein, copilots, Jason Girzadas, he'd, Oliver Wyman, Deb Cupp, Mihir Shukla, Ana Kreacic, Shukla, Becky Frankiewicz, Lareina Yee, WEF, Satish H.C, Mustafa Suleyman, DeepMind, Kapilashram, Azeem Azhar, Dan Vahdat Organizations: Economic, Service, Tech, Infosys, IBM, Builder.ai, Cisco, Qualcomm, Salesforce, BlackRock, Deloitte, Microsoft, Oliver Wyman Group, Standard Chartered, McKinsey, Huma Therapeutics Locations: Davos, Switzerland

☆ Watch CNBC's full interview with Hungarian President Katalin Novák
▼ + stars: | 2024-01-18 | 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 EmailWatch CNBC's full interview with Hungarian President Katalin NovákSpeaking to CNBC at the World Economic Forum in Davos, Switzerland, Hungarian President Katalin Novák discusses EU relations, the Russia-Ukraine war and demographics in her country.

Persons: Katalin, Katalin Novák Organizations: CNBC, Economic Locations: Davos, Switzerland, Hungarian, Russia, Ukraine

☆ Ben Smith on 2024 Davos takeaway: An attempt to walk away from 'a progressive political posture'
▼ + stars: | 2024-01-18 | 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 EmailBen Smith on 2024 Davos takeaway: An attempt to walk away from 'a progressive political posture'Semafor co-founder and editor-in-chief Ben Smith joins 'Squawk Box' to discuss the 2024 World Economic Forum in Davos, Switzerland, key takeaways this week, and more.

Persons: Ben Smith Locations: Davos, Switzerland

☆ CNBC Daily Open: Could better data be a good thing for markets?
▼ + stars: | 2024-01-18 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street's other two main indexes also dropped as better-than-expected retail sales data helped lift Treasury yields. Strong retail salesU.S. retail sales came in higher than expected for the last month of 2023 in a sign that holiday shopping picked up. Singapore minister face corruption chargesSingapore Transport Minister S Iswaran resigned as he faces corruption charges, the first for a cabinet minister in the island country.

Persons: Dow, Wall, Dow Jones, Jamie Dimon, Dimon, Donald Trump's, S Iswaran Organizations: New York Stock Exchange, CNBC, Dow, Davos JPMorgan Chase, Economic, Citi, Nvidia Locations: New York City, Asia, China, Hong Kong, Davos, Switzerland, U.S, Singapore

☆ Deutsche Bank CEO says acquisitions not a 'priority' as Commerzbank rumors swirl
▼ + stars: | 2024-01-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Christian Sewing, Chief Executive Officer of Deutsche Bank, has acknowledged that a recession in Germany is inevitable, and urged leaders to accelerate its decoupling from China. Denis Balibouse | ReutersDeutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group, as speculation resurfaces over the future of domestic rival Commerzbank . The state still has a 15% stake in Commerzbank, but Reuters reported earlier this week that Finance Minister Christian Lindner is open to disposing of it. The merger of Germany's two biggest banks would create a combined entity with around $2 trillion in assets, although Deutsche Bank's low valuation could complicate any such move. The bank trades at around 12 euros per share, a fraction of its book value, and a significant portion of assets would need to be marked down.

Persons: Denis Balibouse, Christian Lindner Organizations: Deutsche Bank, Reuters Deutsche Bank CEO, Commerzbank, Reuters, Deutsche, CNBC, Economic Locations: Germany, China, Commerzbank, Davos, Switzerland, Europe

☆ DeepMind's cofounder Mustafa Suleyman warns that AI is a 'fundamentally labor-replacing' tool
▼ + stars: | 2024-01-18 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Mustafa Suleyman said the issue of AI replacing workers is an "open question" in the long term. The Google DeepMind cofounder said AI is a "fundamentally labor-replacing" tool in a CNBC interview. Since ChatGPT launched in 2022, there has been growing concern about AI technology. AdvertisementGoogle DeepMind's cofounder Mustafa Suleyman said AI is an "incredible technology" but that it is a "fundamentally labor-replacing" tool in the long-term, in an interview with CNBC's Squawk Box at the World Economic Forum in Davos on Wednesday . AdvertisementSome workers are concerned that AI will make their jobs obsolete because it can perform tasks like writing and coding .

Persons: Mustafa Suleyman, ChatGPT, —, CNBC's, Suleyman, OpenAI's ChatGPT, there's, Erik Brynjolfsson Organizations: Google, CNBC, Service, Economic, Business, Stanford University Locations: Davos

☆ War Is on the Agenda in Davos, but the Focus Is Elsewhere
▼ + stars: | 2024-01-18 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

Each day this week has brought a new and fleeting reminder to the executives and politicians at the annual World Economic Forum meeting of the two wars threatening global security and clouding the economy. Ukraine’s president spoke on Tuesday. Neither was able to hold the collective attention of a gathering that this year has focused overwhelmingly on artificial intelligence and populist politics. Gaza and Ukraine have made daily appearances on the public agenda in Davos, along with climate change and economic inequality. The Russian invasion of Ukraine, the Oct. 7 attacks on Israel led by Hamas or the ensuing Israeli bombing of Gaza?

Persons: Israel’s Organizations: Hamas Locations: Gaza, Ukraine, Davos, United States, Israel

Islamabad, Pakistan CNN —Pakistan has carried out a series of military strikes on what it said were separatist militant hideouts inside Iran, its foreign ministry said Thursday, in the latest incident across their shared border that has sent tensions between the two neighbors soaring. “At 4:30 a.m. explosions were heard in a border village, several missiles were fired at the village,” Marhamati said. This morning’s action was taken in light of credible intelligence of impending large scale terrorist activities,” Pakistan’s foreign ministry said. But the deadly attack inside Pakistani territory seriously damaged relations between the two countries, Pakistani Foreign Minister Jalil Abbas Jilani told his Iranian counterpart. And Iranian-backed forces in Iraq and Syria have launched dozens of attacks aimed at US military positions in those countries.

Persons: Alireza Marhamati, ” Marhamati, IRNA, ”, Iran ”, Hossein Amir, Abdollahian, Jalil Abbas Jilani, Jilani, Qasem Soleimani, Houthi, Amir Organizations: Pakistan CNN —, “, Pakistan Pakistan’s, Pakistan’s Foreign Ministry, Iranian, Pakistani, Adl, Justice, Islamic Revolutionary Guard Corps, Iran’s Revolutionary Guards, Iranian Revolutionary Guard, Quds Force, ISIS, CNN, Economic, Davos Wednesday Locations: Islamabad, Pakistan, Pakistan CNN — Pakistan, Iran, Iran’s, Sistan, Baluchistan, Saravan, restive Baloch, Gaza . Pakistan, ”, Islamic Republic of Iran, Pakistan’s, Balochistan, Iranian, “ Pakistan, Afghanistan, Tehran, Jaish, Erbil, Iraq, Syria, Kerman, Red, Israel, Gaza, Lebanon, Davos

The hefty Davos promotions come after India surpassed China last year as the world's biggest country by population. Now India is touting its growing strength as a nation of innovation and as a global business hub in front of some of the world's richest and most powerful people. "As China's economy slows down, India's relatively rapid growth stands out as a clear opportunity for investors in Davos looking for bright spots." "We had an all-time revenue record in India," Apple CEO Tim Cook said on the company's latest earnings call in November, in response to an analyst's question about the company's momentum there. Hidary said Indian billionaire Mukesh Ambani's smartphone company Jio will serve about 600 million people in India through a $12 device.

Persons: There's, Ravi Agrawal, Agrawal, Narendra Modi, that's, Tim Cook, Apple Tim Cook, Punit Paranjpe, Jack Hidary, Hidary, Mukesh, Ambani Organizations: India Engagement, Wipro, Infosys, Tata, Foreign Policy, CNN, CNBC, World Bank, International Trade Administration, Visual, Bank of India, Dell, HP, Lenovo, Apple, AFP, Getty, India, AMD, Nvidia, Micron, WEF Locations: DAVOS, Switzerland, Davos, India, China, CNN India, Maharashtra, Tamil Nadu, Telangana, Karnataka, U.S, Mumbai, Bangalore, Gujarat

☆ Akasa Air: Boeing gets some good news as Indian airline orders 150 737 Max jets
▼ + stars: | 2024-01-18 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

India’s newest airline is purchasing 150 Boeing 737 Max aircraft, in the first major order the troubled planemaker has announced since the dramatic Alaska Airlines incident in which part of the fuselage of a 737 Max 9 fell off mid-flight. Akasa Air has ordered the 737 Max 10 and 737 Max 8-200 aircraft to be delivered through 2032, the airline said at an event in the southern Indian city of Hyderabad. On Wednesday, the US Federal Aviation Administration said it was expanding its probe to include Spirit AeroSystems (SPR), which builds the fuselage of the 737 Max 9. Akasa Air, which was launched in 2022, is not the only Indian carrier that is buying a lot of Boeing planes. Last year, Air India said it would buy 220 Boeing planes.

Persons: planemaker, Max, ” Stephanie Pope, Ethopia, Antony Blinken, Vinay Dube, ”, Joe Biden, Narendra Modi Organizations: New, New Delhi CNN, Boeing, Max, Akasa, Alaska Airlines, US Federal Aviation Administration, Economic, Air, Indian Locations: New Delhi, Alaska, Indian, Hyderabad, Portland , Oregon, Indonesia, Wells, Washington, Davos, Switzerland, India, Air India

☆ Netanyahu rebuffs U.S. calls to start working toward Palestinian statehood.
▼ + stars: | 2024-01-18 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +3 min

Prime Minister Benjamin Netanyahu of Israel on Thursday appeared to rule out a postwar peace process that would lead to the establishment of a sovereign Palestinian state, rebuffing calls from the United States to start working toward that ultimate goal. President Biden and his top diplomat, Antony J. Blinken, have urged Israeli officials to move toward the eventual establishment of a Palestinian state. But Israeli officials have repeatedly dismissed such calls, saying they are focused on the war in Gaza. On Thursday, Mr. Netanyahu told reporters he had rebuffed the latest exhortations. “I told this truth to our friends, the Americans, and I also blocked the attempt to impose a reality that would harm Israel’s security,” Mr. Netanyahu said.

Persons: Benjamin Netanyahu, Israel, Jordan, ” Mr, Netanyahu, ”, Biden, Antony J, “, Mr, Isaac Herzog, —, ’, Herzog, ” Matthew Miller Organizations: “, Biden, ” Palestinian Authority, West Bank, Economic, State Department, United Locations: Palestinian, United States, Israel, Gaza, ”, Davos, Switzerland, “, Iran

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. DAVOS, Switzerland — Sam Altman said he was 'surprised' by The New York Times' lawsuit against his company OpenAI, saying its artificial intelligence models didn't need to train on the news publisher's data. According to Altman, OpenAI wanted to pay the outlet "a lot of money to display their content" in ChatGPT, the firm's popular AI chatbot. "We were as surprised as anybody else to read that they were suing us in the New York Times. "We are open to training [AI] on the New York Times, but it's not our priority," Altman said in front of a packed Davos crowd.

Persons: Sam Altman, Altman, OpenAI, isn't, it's, ChatGPT Organizations: Hope, The New York Times, New York Times, Economic, Microsoft Locations: Atlanta, DAVOS, Switzerland, ChatGPT, Davos

☆ China courts global elite at Davos with largest presence in years
▼ + stars: | 2024-01-18 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Participants walk in the street of the Alpine resort of Davos during the World Economic Forum. Davos, SWITZERLAND — China returned to Davos in full force this week as it attempts to thaw relations with the international community and court investment following years of Covid-19 lockdowns and rising geopolitical tensions. A delegation led by Chinese Premier Li Qiang is estimated to be the largest since 2017, when President Xi Jinping led an 80-strong cohort of Chinese business leaders and billionaires up the Swiss mountain. Li went on to meet for lunch with a host of top business leaders, including the CEOs of JPMorgan, Bank of America, Standard Chartered and Blackstone. He was joined by several other high ranking ministerial representatives including the Deputy Foreign Minister Ma Zhaoxu and Commerce Minister Wang Wentao.

Persons: Premier Li Qiang, Xi Jinping, Li, Ma Zhaoxu, Wang Wentao Organizations: Economic, Premier, JPMorgan, Bank of America, Standard Chartered, Blackstone, People's Bank of China, CNBC Locations: Davos, SWITZERLAND, China

☆ Israel's ban on Palestinian workers is causing supply shocks to its economy: central bank governor
▼ + stars: | 2024-01-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

"And it's primarily in the construction industry where ... a third of that industry is Palestinians from the West Bank, and now they're not coming in to work." "It's also affecting agriculture, where they are in, and there are other foreign workers," Yaron said. watch nowThe ban on most of these workers returning to their employment in Israel has dramatically hurt the economy of the West Bank. In late December, Israel's finance ministry warned that the ban on Palestinian workers could cost Israel's economy billions of shekels per month. Fifty percent of the sites are closed and there is an impact on Israel's economy and the housing market."

Persons: Amir Yaron, Kobi Wolf, CNBC's Dan Murphy, Yaron, Raul Sargo Organizations: Bank of Israel, Bloomberg, Getty, Economic, West Bank, Israel, Times, Israel Builders Association Locations: Jerusalem, Israel, Davos, Gaza, Times of Israel, Thailand

☆ There will be record CEO turnover this year, says top PwC boss
▼ + stars: | 2024-01-18 | by ( Lakshmi Varanasi | Cadie Thompson | ) www.businessinsider.com time to read: +4 min

Expect to see a record rate of CEO turnover this year, PwC's Tim Ryan said at Davos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We will see more turnover in the C-Suite in the next 12 months than we have ever," Tim Ryan, PwC senior partner, told Business Insider at the World Economic Forum in Davos , Switzerland this week. CEO turnover is already high. AdvertisementCorrection: Thursday, January 18, 2024 — This article has been updated to reflect Tim Ryan's current title, which is senior partner at PwC.

Persons: PwC's Tim Ryan, —, Tim Ryan, PwC, Ryan, you've, You've, isn't, Gray, Chris Licht, GameStop's Matthew Furlong, Jeff Shell, Ron Shaich, Tim Ryan's Organizations: Davos, Service, Economic, NBC, Economic Policy Institute, East Locations: Davos, Switzerland, PwC

☆ Google DeepMind cofounder says AI can act like an entrepreneur and inventor in the next five years
▼ + stars: | 2024-01-18 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Read previewMustafa Suleyman, the cofounder of DeepMind, Google's AI division, says that AI will be able to create and run its own business within the next five years. During a Thursday panel on AI at the 2024 World Economic Forum, the now-CEO of Inflection AI was asked how long it would take for AI to pass an exam akin to the Turing test. He seems to believe that AI will be able to exhibit those business-savvy capabilities before 2030— and inexpensively. Earlier this week, Suleyman told CNBC at Davos that AI is a "fundamentally labor-replacing" tool in the long term. Advertisement"It will be able to reason over your day, help you prioritize your time, help you invent, be much more creative," Suleyman told CNBC.

Persons: —, Mustafa Suleyman, Turing, Suleyman, Suleyman didn't Organizations: Service, Business, CNBC, Davos Locations: Davos, Switzerland

☆ Ukraine says one of its 'FrankenSAM' air-defense weapons just recorded its first kill
▼ + stars: | 2024-01-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. In early December, the Pentagon announced technical assistance "to start local production of some of the FrankenSAM projects." Later that month Kamyshin announced that "FrankenSAM" systems were already in use on the front lines. Kamyshin did not mention what type of weapon was used in the strike, which Business Insider could not independently verify. AdvertisementInexpensive exploding drones have been central to Russia's strategy of bombarding key Ukrainian infrastructure, often forcing Ukraine to counter with more costly air defenses.

Persons: —, Oleksandr Kamyshin, Kamyshin, Volodymyr Zelenskyy, Erin Snodgrass Organizations: Service, Business, Economic, Suspilne, Pentagon, RIM, AIM, Soviet, Patriot, New York Times Locations: Ukraine, Russian, Davos, Switzerland

☆ Salesforce CEO Marc Benioff says AI can't be 'bad' like social media if it's going to be trusted
▼ + stars: | 2024-01-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Marc Benioff called for greater public trust in AI in a panel at the World Economic Forum. The Salesforce CEO said he wants people to trust AI — unlike social media over the past decade. Winning public trust in AI will require greater regulation, Benioff said. Benioff also said that social media has been a "shit show," adding: "It's pretty bad — we don't want that in our AI industry." OpenAI CEO Sam Altman spoke at the World Economic Forum in Davos, Switzerland.

Persons: Marc Benioff, Benioff, —, Salesforce, Sam Altman, FABRICE COFFRINI, OpenAI, Altman, wasn't, Einstein, Salesforce didn't Organizations: Economic, Service, CNBC, Bloomberg, Business Locations: Davos, Switzerland, OpenAI

☆ European markets head for mixed open as banking officials at Davos temper rate cut expectations
▼ + stars: | 2024-01-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a mixed open Thursday as investors continue to monitor news and comments from the World Economic Forum in Davos, Switzerland. A number of European central bank officials at Davos have been hawkish about interest rate cuts, warning that despite progress tackling inflation, markets have gotten ahead of themselves in terms of expectations for spring rate cuts.

Organizations: Economic Locations: Davos, Switzerland

☆ Zelenskyy says he owes a 'big shoutout' to the makers of the Patriot, which Ukraine says has been killing Russia's supposedly unbeatable missiles
▼ + stars: | 2024-01-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Read previewUkrainian President Volodymyr Zelenskyy this week name-checked the surface-to-air missile system that has given Ukraine a fighting edge against Russia's purportedly invincible weapons systems in recent months. AdvertisementBut the Ukrainian president specifically heralded the American-provided Patriots as the "most powerful" weapons system "in the world today." He added that the Ukrainian battlefield has proven to be the true test for the Patriot systems in action. A military analyst told Newsweek last year that the Ukrainians have used the Patriot missile systems in ways that have even surprised the Pentagon. Zelenskyy had long been requesting the US to send the missile systems.

Persons: —, Volodymyr Zelenskyy, Russia's, Zelenskyy, Kinzhals, Vladimir Putin, Zelenskky, Nicholas Carlson Organizations: Service, Business, Economic, Russian Federation, Patriots, Western Patriots, Russia's, Newsweek, Patriot, Pentagon, The New York Times, Ukraine, NATO Locations: Ukraine, Davos, Russian, Russia, Congress, Germany, Netherlands, Romania, Spain

☆ She started as a flight attendant at age 20. Now, she's just been named Japan Airlines' first female president.
▼ + stars: | 2024-01-18 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

Japan Airlines named a woman as president for the first time in its history. AdvertisementThe new president of Japan Airlines is the first woman to helm the top job at the company, the airline announced in a statement on Wednesday. Related storiesTottori will replace Yuji Akasaka, the airline's president since June 2018, per Akasaka's company profile. Two weeks before Tottori's promotion, a Japan Airlines A350 plane collided with a Japan Coast Guard aircraft at Haneda Airport in Tokyo. Japan Airlines did not immediately respond to a request for comment from Business Insider.

Persons: Mitsuko Tottori, —, Yuji Akasaka, Joanna Geraghty Organizations: Japan Airlines, JAL, JetBlue, Service, US, Reuters, Japan Coast Guard, Mainichi, Business Locations: Tottori, Japan, Tokyo

DAVOS, Switzerland (AP) — Israel's president and the head of ChatGPT company OpenAI will make appearances at the World Economic Forum on Thursday, the third day of the annual gathering of elites at the Swiss resort of Davos that discusses everything from conflict to computers and climate. Israeli President Isaac Herzog could seek to return focus on the plight of Israeli hostages held by Hamas since its deadly Oct. 7 raid into Israel. Much of the world's attention has been on rising casualty counts in Gaza as Israeli forces lead a blistering military campaign aimed to quash the armed militants. “Artificial intelligence is now undoubtedly the most important potential contribution for global development," U.N. Secretary-General António Guterres told reporters in Davos on Wednesday, a day when leaders like French President Emmanuel Macron and President Javier Milei of Argentina also showed up. On Wednesday, Iran's foreign minister defended his country's strike on what he claimed was an Israeli intelligence operations site in the autonomous Kurdish region.

Persons: —, OpenAI, Isaac Herzog, António Guterres, Emmanuel Macron, Javier Milei, Sam Altman, Mohammed Shia, Kamala Harris, Doug Emhoff, Masha Macpherson Organizations: Hamas Locations: DAVOS, Switzerland, Swiss, Davos, Israel, Gaza, Argentina, Iraqi, Israeli, Kurdish

☆ Davos: AI shouldn’t make ‘life-or-death’ decisions, says OpenAI’s Sam Altman
▼ + stars: | 2024-01-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

But there are also dystopian fears that AI could destroy humanity or, at least, lead to widespread job losses. He said people had found ways to make themselves more productive using generative AI and they also understood “what not to use it for.” Generative AI gives humans “better tools” and “access to a lot more capability” but “we’re still very focused on each other,” he added. In a report Sunday, the International Monetary Fund predicted that AI will affect almost 40% of jobs around the world, “replacing some and complementing others,” but potentially worsening income inequality overall. Notwithstanding optimism over the technology’s potential, both Benioff and Altman stressed the need for regulating AI systems to guard against some of the potential existential threats posed by the technology. “I think it’s good that people are afraid of the downsides of this technology,” Altman said.

Persons: OpenAI’s Sam Altmann, ChatGPT, Altman, “, Marc Benioff, ” Altman, OpenAI —, ”, Olesya Dmitracova Organizations: London CNN, Economic, International Monetary Fund, New York Times Locations: Switzerland, Davos, Milan

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