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☆ Former UK finance minister joins Coinbase crypto exchange as an advisor
▼ + stars: | 2024-01-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Former British Chancellor George Osborne addresses guests during a visit to the Manchester Chamber of Commerce on July 1, 2016 in Manchester, England. LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the company's regulatory bargaining power at a time when it faces severe scrutiny stateside. Coinbase announced that George Osborne, who served as Britain's chancellor of the exchequer from 2010 to 2016, will join the company on its global advisory council. Faryar Shirzad, Coinbase's chief policy officer, said the company was "pleased to have George join our council at an exciting time for us in the U.K. and globally." We look forward to relying on his insights and experiences as we grow Coinbase around the world," Shirzard added.

Persons: George Osborne, beefing, He'll, Mark Esper, Patrick Toomey, Coinbase, George, Shirzard, Osborne Organizations: Manchester Chamber of Commerce, Wednesday, Coinbase, of Defense Locations: Manchester, England, British, Coinbase

☆ Delivery Hero plunges to record low after selling stake in food delivery rival Deliveroo
▼ + stars: | 2024-01-30 | by ( Ryan Browne | ) www.cnbc.com time to read: 1 min

Shares of German food delivery company Delivery Hero fell to a record low Tuesday after announcing it was selling its minority stake in rival firm Deliveroo . The stake sale will fetch roughly £76.8 million for Delivery Hero. The proceeds represent less than a third of what Delivery Hero paid for the shares when it first bought them in 2021, Reuters reported. Deliveroo shares reacted negatively to the news, plunging as much as 7% Tuesday. Delivery Hero shares sank nearly 6% to hit a record low.

Persons: Deliveroo Organizations: Reuters Locations: Victoria, London, England, Deliveroo

☆ Sony is making a bold bet on an African gaming startup to boost PlayStation’s reach in the continent
▼ + stars: | 2024-01-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Sony is making a bold bet on Africa's video game industry. The Japanese consumer electronics and gaming giant has invested an undisclosed sum into Carry1st, a video game studio based in Cape Town, South Africa, via its Sony Innovation Fund venture arm, Carry1st told CNBC exclusively. The deal is a strategic investment that will see the two companies partner on a range of commercial opportunities. "We believe very firmly that there is an incredibly underrated console opportunity in Africa," Robbin-Coker said, citing countries like Nigeria, Morocco and Algeria as places where console adoption is rising a lot. Sony is coming into an emerging gaming market with blistering growth potential.

Persons: Carry1st, Cordel, Coker Organizations: Sony, Sony Innovation Fund, CNBC, PlayStation Locations: Cape Town , South Africa, Africa, Nigeria, Morocco, Algeria, Konvoy

☆ Tesla recalls nearly 200,000 vehicles in the U.S. over rearview camera bug
▼ + stars: | 2024-01-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

BURBANK, CALIFORNIA - JANUARY 16: Tesla electric cars are parked at a Tesla dealership on January 16, 2024 in Burbank, California. (Photo by Mario Tama/Getty Images)Electric vehicle maker Tesla is recalling nearly 200,000 cars in the U.S. due to a "software instability" that prevented the rearview camera image from displaying, according to the National Highway Traffic Safety Administration (NHTSA). The U.S. agency said in a recall update on its website that Tesla was recalling certain 2023 Model S, X, and Y vehicles equipped with full self-driving 4.0, the company's driverless software system, due to the software bug. The potential number of cars affected by the recall is 199,575, the NHTSA said. Tesla's reference number for the recall is SB-24-00-002 and customers with questions are advised to speak to the company's customer services.

Persons: Mario Tama, Tesla Organizations: National, Traffic Safety Administration, NHTSA Locations: BURBANK , CALIFORNIA, Burbank , California, U.S

NEW YORK (AP) — It's a little late for John Leventhal to be considered a hot young thing in music. The thought of doing a solo record sort of creeped into my consciousness and, when the pandemic hit, I really couldn't avoid it. AP: How do you think a first John Leventhal album would have sounded if you made it 50 years ago? I don't think I would have made a good record 40 years ago because it wouldn't have been tempered by what I've learned. It felt more like creating a product, like it was someone in the record industry's “good idea.” And it is a good idea.

Persons: —, John Leventhal, He's, Shawn Colvin, Jim Lauderdale, Leventhal, Marc Cohn, Sarah Jarosz, Joan Osborne, William Bell, Rosanne Cash, Jackson Browne, Willie Nelson, Ry Cooder, Elvis Costello, Donald Fagen, Cash, Cohn, Matt Berninger, LEVENTHAL, I've, We're, Doc Watson, Howlin, Wolf, Igor Stravinsky, Duke Ellington, Miles Davis, George Jones, I'm, It's Organizations: Boys of, Associated Press, Beatles Locations: New York, Boys of Alabama

☆ Thousands Protest Australia Day Holiday With 'Invasion Day' Rallies
▼ + stars: | 2024-01-25 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

SYDNEY (Reuters) - Thousand's marked Australia's national day on Friday with "Invasion Day" rallies in support of the country's Indigenous community, many of whom oppose celebrating the day a British fleet sailed into Sydney Harbour in 1788. Australia Day commemorates the day Britain established the state of New South Wales a penal colony, arriving in what is now the state capital Sydney with a "First Fleet" bringing colonists and convicts. Many people celebrate the holiday with barbecues and trips to the beach, and it is also a popular date for immigrants to receive their Australian citizenship. In Sydney, thousands of protesters, many waving Indigenous flags, gathered in the city centre at an "Invasion Day" rally before a march that closed nearby city streets. Two statues of colonial figures were vandalised in Melbourne earlier this week ahead of the contentious national holiday.

Persons: Browne, Anthony Albanese, Albanese, Sam McKeith, Lincoln Organizations: SYDNEY, Sydney Harbour, Australian Broadcasting Corp, Labor Party Locations: British, Sydney, Britain, New South Wales, Victoria's Melbourne, Canberra, Melbourne

☆ India's Zee Entertainment urges Sony to restore blockbuster merger, sues over termination
▼ + stars: | 2024-01-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Indian entertainment conglomerate Zee Entertainment on Wednesday said it urged Sony to revive their blockbuster entertainment merger and has sued the Japanese tech giant over the deal's termination. Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion. In a filing, Zee said it denies that Sony is entitled to call off the merger agreement and that its claim for a termination fee is "legally untenable and has no basis whatsoever." A merger of Zee with Sony's India subsidiary, Culver Max Entertainment Pvt. Sony would have gained access to Zee's local content, giving it a bigger footing in the lucrative Indian entertainment market.

Persons: Zee, Culver Max, BEPL, Punit Goenka, Arjun Kharpal Organizations: Zee Entertainment, Sony, Zee Entertainment Enterprises, Sony's, CNBC Wednesday, Culver, MCA, Company, Singapore International Arbitration Center, Zee, Culver Max Entertainment, Ltd, Bangla Entertainment, Disney, Reliance Industries Locations: India, Zee, Singapore, Sony's India

☆ Founders of Wise and Skype raise $436 million to build tech giants in Europe
▼ + stars: | 2024-01-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The founders of Wise, Skype and Songkick have raised 400 million euros ($436.4 million) for a new fund to back technology startups in Europe. Plural Fund II, the firm's second to date, arrives just 18 months after the firm raised its last fund, a 250 million-euro vehicle. Only 8% of VCs in Europe are former founders, he says, much lower than the 60% in the United States. So, if we look at the track record, and our ability to get the deals done, I think that all seems to say that this is really missing in Europe," Hinrikus added. Plural raised the funds from a mix of limited partners, including British and American university endowments, U.S. foundations and insurers, strategic family offices in Europe and the United States.

Persons: Wise, Taavet Hinrikus, fintech, Ian Hogarth, Sten Tamkivi, Khaled Helioui, Hinrikus, they're, we've, Carina Namih Organizations: Skype, Balderton, Bigpoint, CNBC Locations: Europe, VCs, United States, American

☆ Tech execs say a type of AI that can outdo humans is coming, but have no idea what it looks like
▼ + stars: | 2024-01-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Altman was temporarily booted from OpenAI in November in a shock move that laid bare concerns around the governance of the companies behind the most powerful AI systems. In a discussion at the World Economic Forum in Davos, Altman said his ouster was a "microcosm" of the stresses faced by OpenAI and other AI labs internally. "We're already seeing areas where AI has the ability to unlock our understanding ... where humans haven't been able to make that type of progress. Avoiding a 's--- show'Altman wasn't the only top tech executive asked about AI risks at Davos.

Persons: Sam Altman, Google's DeepMind, Salesforce, Altman, chatbot, We've, it's, Aidan Gomez, OpenAI, Gomez, CNBC's Arjun Kharpal, AGI, it'll, Lila Ibrahim, Ibrahim, CNBC's Kharpal, who've, haven't, Marc Benioff, Elon Musk, Steve Wozniak, Andrew Yang, Geoffrey Hinton, Hinton, Benioff Organizations: Economic, Bloomberg, Getty, Microsoft, Union, ABC News, ABC, OpenAI, CBS Locations: Davos, Switzerland, United States, Cohere, Hiroshima

☆ SoftBank leads TravelPerk's $104 million fundraising, in a bet that AI will reshape corporate travel
▼ + stars: | 2024-01-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

TravelPerkBarcelona-based startup TravelPerk, which helps automate corporate travel and expenses, has raised $104 million in fresh funding from Japanese tech investing giant SoftBank and a flood of other names, to invest in artificial intelligence development and new products. SoftBank invested $70 million in TravelPerk's latest round, which the company said was an extension of its "D-1" funding round. The fundraising round shows SoftBank is placing a major bet on a company driving disruption in corporate travel through new technologies, such as AI — which has seen significant buzz since the November 2022 launch of OpenAI's ChatGPT. Whereas many travel agents operate on low single digits gross margins, Meir says that TravelPerk's profit margin stood at 60% last year. TravelPerk competes with American Express, BCD Travel, SAP Concur and Navan in the corporate travel management space.

Persons: Avi Meir, TravelPerk, Felix, SoftBank, that's, Meir, Roy Hefer Organizations: SoftBank Vision, Felix Capital, American, CNBC, American Express, SAP Locations: TravelPerk Barcelona, Navan, U.S

DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said generative artificial intelligence as a sector, and the U.S. as a country are both "going to be fine" no matter who wins the presidential election later this year. Altman was responding to a question on Donald Trump's resounding victory at the Iowa caucus and the public being "confronted with the reality of this upcoming election." "I believe that America is gonna be fine, no matter what happens in this election. Trump won the Iowa Republican caucus in a landslide on Monday, setting a new record for the Iowa race with a 30-point lead over his closest rival. When asked whether there's a danger that AI furthers that hurt, Altman responded, "Yes, for sure."

Persons: Switzerland —, Sam Altman, Altman, Donald Trump's, We're, what's, Trump, we've, we're, Anna Makanju Organizations: Iowa, Bloomberg, Economic, Trump, Iowa Republican Locations: DAVOS, Switzerland, America, Davos, Iowa, San Francisco, OpenAI

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

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

Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was "wild," and he felt "super confused" and was "super caught off guard." "I have no equity in OpenAI," Altman said in a May Senate hearing on artificial intelligence. Between the board and the non-profit sits a capped-profit company dubbed OpenAI Global, which Microsoft inked a $10 billion investment deal with in January last year. There are also a few other entities, including a holding company, that comprise the somewhat convoluted organization behind the biggest name in generative AI tech.

Persons: Sam Altman, Switzerland —, " Altman, Altman, —, Altman's, John Kennedy Organizations: Bloomberg House, Economic, OpenAI's, OpenAI Inc, OpenAI, Microsoft Locations: Davos, Switzerland, DAVOS, OpenAI

☆ Tesla slashes car prices across Europe after similar cuts in China
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Tesla on late Tuesday trimmed prices for its Model Y cars across several countries in Europe, a week after announcing similar price cuts for its Model 3 and Model Y cars in China. In France, Tesla lowered prices on its Model Y cars by as much as 6.7%, while in the Netherlands, Tesla reduced prices for the Model Y by up to 7.7%. The reductions come after Tesla announced price cuts for its Model 3 and Model Y cars in China. The company has reduced prices for its cars aggressively in China over the past year or so, undercutting local competitor BYD. Tesla trimmed prices of the Model 3 by 6% compared to December last year, also taking prices for the Model Y down by 11%, according to data from JL Warren Capital.

Persons: Tesla, Warren Buffet Organizations: BYD, JL Warren Capital, Volkswagen, U.S Locations: Europe, China, Germany, France, Norway, Netherlands, Red, Iran, Berlin, Brandenburg

☆ AI era is a 'seismic moment' in tech we've not seen in a decade, top Meta exec says
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The new artificial intelligence era represents a huge moment for the tech industry that has not been seen in a decade, according to a top executive at Facebook parent company Meta Platforms. "This is a seismic moment," Mendelsohn said, in conversation with CNBC's Tania Bryer at the World Economic Forum in Davos, Switzerland. In her role at Meta, Mendelsohn leads relationships with top marketers and agencies. She is also a seasoned advertising executive, with past experience including partner and executive chairman at London advertising agency Karmarama, and non-executive director of alcoholic beverages firm Diageo. Last year also marked a major pivot toward artificial intelligence for Meta — an area where the company plays a key role with its LLaMA large language model.

Persons: Nicola Mendelsohn, Mendelsohn, CNBC's Tania Bryer, Mark Zuckerberg's Organizations: Facebook, Meta, Economic, Diageo Locations: Davos, Switzerland, London

☆ This startup has a different take on driverless cars. Now it's launching in the U.S.
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Vay operates what's called a "teledriving" service, where a car is driven remotely by a human rather than by a computer. German startup Vay on Wednesday launched its so-called "teledriving" solution in the U.S. for the first time, putting the company into direct competition with more richly funded and valuable American firms in the mobility technology space. Vay's service will enable people to get cars delivered to them directly by drivers in remote spaces operated by Vay. When they're done with the trip, they can choose in Vay's app to let one of the company's teledrivers take over, and then park the car. The company has already conducted tests on public roads in Europe and the U.S. with remote drivers and no one behind the wheel.

Persons: Vay, they're, Vay's teledriver, Thomas von der Ohe Organizations: Wednesday, Vay, CNBC Locations: U.S, Nevada, Las Vegas, Europe

☆ UN chief calls for global risk management of AI, warns of 'serious unintended consequences'
▼ + stars: | 2024-01-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

"It's good to be back and see Davos highlighting the global crisis in trust," Guterres said in his opening remarks. In a special address at the World Economic Forum in Davos, Switzerland, Guterres warned that the rapid development of AI could result in "serious unintended consequences." "Every new interaction of generative AI increases the risk of serious unintended consequences. "These two issues, climate and AI, are exhaustively discussed by governments, by the media and by leaders here in Davos. "The reason is simple, geopolitical divides are preventing us from coming together around global solutions for global challenges.

Persons: Antonio Guterres, Fabrice COFFRINI, FABRICE COFFRINI, WEF, Guterres, António Guterres, Satya Nadella, — CNBC's Ryan Browne Organizations: Economic, Getty, United Nations, Microsoft, International Monetary Fund, IMF Locations: Davos, AFP, Switzerland, U.S

☆ Samsung announces new Galaxy S24 lineup with AI-powered photo editing, search features
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

In this article Follow your favorite stocks CREATE FREE ACCOUNTThe Samsung Galaxy S24 Ultra. The device looks a lot similar to Samsung's Galaxy S23 Ultra. As is standard with Samsung's flagship range now, the S24 range comes in three versions: the S24, S24+, and S24 Ultra. There's a pricier version of the S24 Ultra with 1-terabyte of storage, too, that'll set users back by $1,550. The Samsung Galaxy S24 Ultra has a bright display that can reach 2,600 nits at peak brightness — making it gthe brightest on a Samsung phone to date, according to the company.

Persons: that'll Organizations: Samsung Galaxy, Samsung, Samsung Samsung, Galaxy Locations: Korean, London

☆ Winklevoss' crypto exchange Gemini gets nod to launch in France amid clash with U.S. regulators
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Cryptocurrency exchange Gemini has been awarded crypto registration to launch its services in France, the company told CNBC exclusively. The firm, which was founded and is owned by twins Tyler and Cameron Winklevoss, said it was approved as a virtual asset services provider by French markets watchdog Autorite des marches financiers (AMF). "This latest regulatory approval in France represents a significant moment in our European expansion," Gillian Lynch, head of EU at Gemini, said in emailed comments. Institutional clients will get access to Gemini eOTC, Gemini's electronic over-the-counter trading solution.

Persons: Tyler Winklevoss, Cameron Winklevoss, Gemini, Tyler, Gillian Lynch Organizations: CNBC, AMF, EU, Gemini Locations: Miami , Florida, France

DAVOS, Switzerland — Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum. "This is the last time I'm talking about this with CNBC, so help me god," Dimon said. "I defend your right to do bitcoin," Dimon added, saying, "I don't want to tell you what to do. When asked what he made of Larry Fink changing his view on bitcoin as BlackRock jumped into the spot ETF business, Dimon said, "I don't care. "I don't know what he would say about blockchain versus currencies that do something versus bitcoin that does nothing," Dimon added.

Persons: Jamie Dimon, bitcoin, Dimon, blockchain, Smart, Franklin Templeton, Larry Fink, I'm Organizations: JPMorgan, Economic, CNBC, SEC, WisdomTree, Chartered, BlackRock Locations: DAVOS, Switzerland, Davos, BlackRock, bitcoin

Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023. OpenAI CEO Sam Altman says concerns that artificial intelligence will one day become so powerful that it will dramatically reshape and disrupt the world are overblown. "It will change the world much less than we all think and it will change jobs much less than we all think," Altman said at a conversation organized by Bloomberg at the World Economic Forum in Davos, Switzerland. "Yes, for sure, I think that's something to think about," Altman said. WATCH: OpenAI, Microsoft and NYT will likely reach a settlement

Persons: Sam Altman, Altman, OpenAI's, StrictlyVC, Donald Trump's Organizations: Hope, Bloomberg, Economic, Microsoft, Iowa Republican Locations: Atlanta , Georgia, Davos, Switzerland, Iowa, OpenAI

☆ Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules
▼ + stars: | 2024-01-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background. A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring their businesses into full compliance with incoming European Union digital competition rules. The signatories say that companies defined by the EU as "gatekeepers," including Google , Amazon , Apple , Meta , Microsoft , and TikTok owner ByteDance, haven't done enough to engage effectively with them and others in their industry. They are required to, for example, make their messaging apps work with those of rivals, and let users decide which apps come pre-installed with their devices. Another EU requirement is that these platforms do not implement practices that lead to the "self-preferencing" of their services over others.

Persons: ByteDance, — Organizations: Apple, Facebook, Microsoft, Union, EU, Google, Meta, Big Tech Locations: EU

☆ Ayo Edebiri: Why ‘The Bear’ star is ruling the red carpet
▼ + stars: | 2024-01-16 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +4 min

CNN —The breakout star of hit series “The Bear,” has proven that her ability to dazzle extends well beyond the screen. Over the last two weeks, Ayo Edebiri has taken home a Golden Globe, a Critics’ Choice award and a Primetime Emmy for her portrayal of Sydney Adamu — swapping her chef’s whites for some seriously good red carpet looks. The 28-year-old, Boston-born actor has been bringing joy to the red carpet for a couple of years now, with her adventurous approach to red carpet dressing. Neilson Barnard/Getty ImagesThe Critics Choice Awards on January 14, 2024, called for a white suit by The Row. Amy Sussman/WireImage/Getty ImagesIn Thom Browne, one of Ayo Edebiri's labels of choice, this time with a train at the Critics Choice Awards on January 15, 2023.

Persons: ”, Ayo Edebiri, Sydney Adamu —, Danielle Goldberg —, Mary, Kate, Ashley Olsen —, Kaia Gerber, Olivia Rodrigo, Greta Lee, Thom Browne, Loewe, ” Edebiri, “, that’s, Edebiri, Louis Vuitton, Neilson Barnard, Bauer, Griffin, Versace, Rodin, Steve Granitz, Schouler, Michael Buckner, Dan Doperalski, Dimitrios Kambouris, Valentino, Frazer Harrison, la, —, Amy Sussman, WireImage, Bode, Rosie Assoulin, Giambattista Valli, Mike Coppola, Loewe's, Taylor, Gilbert Flores, suiting Organizations: CNN, Globe, “, W Magazine, Getty, BAFTA Tea Party, Dior Haute Couture, Motion, Arts & Sciences, Variety, Golden Globe, Prada, Lincoln Center, Axelle, Screen, HCA Locations: Boston, Los Angeles, New York

☆ Microsoft CEO Satya Nadella says global consensus on AI is emerging
▼ + stars: | 2024-01-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Executive Chairman and CEO of Microsoft Corporation Satya Nadella attends a session during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Microsoft CEO Satya Nadella said Tuesday he sees global consensus emerging when it comes to artificial intelligence, and that, even though regulatory approaches to the tech may differ from one jurisdiction to another, countries are talking about AI in a similar way. Speaking at the World Economic Forum in Davos, Switzerland, Nadella said he feels there is a need for global coordination on AI and agreeing on a set of standards and appropriate guardrails for the technology. "I think [a global regulatory approach to AI is] very desirable, because I think we're now at this point where these are global challenges that require global norms and global standards," Nadella said, speaking in conversation with WEF Chair Klaus Schwab. The Redmond, Washington-based tech giant has put billions of dollars into OpenAI, the firm behind the popular AI chatbot ChatGPT.

Persons: Microsoft Corporation Satya Nadella, Satya Nadella, Nadella, WEF, Klaus Schwab Organizations: Microsoft Corporation, Economic, Microsoft Locations: Davos, Switzerland, Redmond, Washington

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