DIRS.INFO The most relevant business & tech news

☆ Davos: In AI race, months count in staying ahead of China, says US senator
▼ + stars: | 2024-01-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —The United States measures its lead over competitors in artificial intelligence in “months,” according to a lawmaker, highlighting the intense rivalry between nations to dominate a technology poised to transform the global economy. Speaking at the annual meeting of the World Economic Forum in Davos in Switzerland Tuesday, Republican Senator Mike Rounds said the Biden administration’s decision to tighten controls on exports of advanced AI chips to China had bought the United States “a few more months” to maintain its competitive edge. Washington expanded restrictions on chip sales to China in October, further tightening a sweeping set of export controls introduced a year earlier. The move irked Beijing, which has vowed to “win the battle” in core technologies to bolster China’s position as a tech superpower. 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.”

Persons: Mike Rounds, Biden, ”, Arvind Krishna, You’ve Organizations: London CNN, Economic, United, Senate, International Monetary Fund Locations: United States, Davos, Switzerland, China, Washington, Beijing

☆ China's premier tells Davos that innovation shouldn't be used to restrict other nations
▼ + stars: | 2024-01-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Li Qiang, China's premier, delivers a special address on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 16, 2024. Bloomberg | Bloomberg | Getty ImagesChinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries. "Scientific and technological fruits should benefit humanity as a whole, instead of becoming a means to restrict or contain the development of other countries," Li added, calling for "more open measures." watch nowFollowing his speech, Li spoke about the risks and opportunities of generative AI, such as ChatGPT, in a brief question-and-answer session with World Economic Forum Founder Klaus Schwab. Li met with Swiss President Viola Amherd ahead of the Davos conference and is set to visit Ireland later in the week.

Persons: Li Qiang, Li, Klaus Schwab, ChatGPT, ”, multilateralism, Viola Amherd Organizations: Economic, Bloomberg, Getty Images, Baidu, Swiss, Davos, Ireland, Monday Locations: Davos, Switzerland, Beijing, Washington, U.S, China, Swiss

☆ 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

A pedestrian walks past the TATA pop up store with a poster reading 'The Future is AI' ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Sunday, Jan. 14, 2024. Some of the world's biggest companies are pushing their AI products and services with one declaring: "The future is AI." Companies from U.S. semiconductor firm Intel to Salesforce had AI slogans on the properties they took over. The "AI House" was one of the biggest displays on the Davos Promenade. Arjun Kharpal | CNBCU.S. semiconductor firm Intel took over one of the properties on the Davos Promenade with its AI agenda front and center.

Persons: Salesforce, Arjun Kharpal Organizations: Economic, Bloomberg, Getty, Global, Companies, Intel, CNBC U.S, CNBC Locations: Davos, Switzerland, DAVOS, Swiss

☆ Bill Gates explains how AI will change our lives in 5 years
▼ + stars: | 2024-01-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

The rise of AI has elicited fear that the technology will eliminate millions of jobs around the world. The International Monetary Fund this week reported that about 40% of jobs around the world could be affected by the rise of AI. Gates doesn’t necessarily disagree with that notion, but he believes history shows with every new technology comes fear and then new opportunity. “I have more than enough money for my own consumption,” Gates said when Zakaria asked how philanthropic efforts are going. At a rate of $9 billion a year, Gates anticipates he’ll have given away all of his money in about 20 years.

Persons: New York CNN —, Bill Gates, Gates, ” Gates, CNN’s Fareed Zakaria, OpenAI’s, ”, Zakaria, hadn’t, “ I’m, I’ll, Melinda French Gates, he’s, Warren Buffett, CNN’s “ Fareed Zakaria Organizations: New, New York CNN, Monetary Fund, Microsoft, OpenAI, Gates, World Economic, CNN Locations: New York, Davos, Africa

☆ CNBC Daily Open: Down to Davos
▼ + stars: | 2024-01-16 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 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. Asia markets fell, led lower by declines in Hong Kong stocks, as Japan shares cooled off from their record-breaking rally. Georgieva told CNBC on the sidelines of Davos that the world's second-largest economy is facing both short-term and long-term challenges. [PRO] Morgan Stanley picks 'alpha' stocksAlpha stocks are those that can beat the benchmark index, and Morgan Stanley picked its favorite plays in Asia.

Persons: Martin Luther King Day, Goldman Sachs, Morgan Stanley, Robert Holzmann, it's, Mario Centeno, Georgieva Organizations: CNBC, ECB, European Central Bank, Economic, International Monetary Fund, Alpha Locations: Asia, Hong Kong, Japan, Davos, Switzerland, China, Pacific

☆ China's Premier Li to Address Davos as Its Economy Struggles
▼ + stars: | 2024-01-16 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

By Antoni SlodkowskiDAVOS, Switzerland (Reuters) - Chinese Premier Li Qiang is set to address global investors and politicians in Davos on Tuesday, as Beijing grapples with a sluggish post-pandemic recovery and a real estate slump. Li, who leads a large government delegation at this week's World Economic Forum, is the most senior Chinese official to rub shoulders with global business and political elites at the Swiss ski resort of Davos since President Xi Jinping in 2017. He would "promote global cooperation, address various risks, bridge the development divide, and seek peaceful coexistence and win-win outcomes", Chinese state news agency Xinhua reported. "China is generating a steady stream of growth momentum and potential for its economy," Xinhua's report added. Li, a career bureaucrat, was revealed as the pick for China's No.2 role last October when Xi unveiled a leadership line-up stacked with loyalists.

Persons: Antoni Slodkowski, Li Qiang, Li, Xi Jinping, Xi, Antony Blinken, Wang Yi, Volodymyr Zelenskiy's, Zelenskiy, Alexander Smith Organizations: Economic, Xinhua, China's, U.S Locations: Antoni Slodkowski DAVOS, Switzerland, Davos, Beijing, China, Swiss, consultancies, Gaza

☆ CNBC Daily Open: A look across the Atlantic
▼ + stars: | 2024-01-16 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 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. ECB could defy marketsEuropean Central Bank policymaker and hawk Robert Holzmann said the ECB may not deliver any interest rate cuts this year. Holzmann told CNBC at the World Economic Forum in Davos, Switzerland, that he sees a possibility of zero rate cuts this year, defying market expectations. Georgieva told CNBC on the sidelines of Davos that the world's second-largest economy is facing both short-term and long-term challenges.

Persons: Martin Luther King, Robert Holzmann, Holzmann, Georgieva Organizations: CNBC, Economic, Martin Luther King Day, Central Bank, ECB, International Monetary Fund, Federal Reserve Locations: Davos, Switzerland, Germany, China

☆ 2024's wave of elections predicted to derail food security progress
▼ + stars: | 2024-01-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

DAVOS, SWITZERLAND — The slew of upcoming global elections could derail international efforts to secure long-term food supplies, according to the International Fund for Agricultural Development (IFAD). Almost half of the governments in the world are going to go through elections," Lario said Monday at the World Economic Forum in Davos. Those include actions which enable more local food production, greater integration of regional markets and further crop diversification. "We thought after the Ukraine shock that [tackling the root causes] was going to be a given, and there was a lot of momentum. It is estimated that around one in 10 people globally suffer from food insecurity or reliable access to nutritious food, according to UNICEF.

Persons: Alvaro Lario, Lario, —, It's Organizations: International Fund for Agricultural Development, CNBC, Economic, UNICEF Locations: DAVOS, SWITZERLAND, Davos, Europe, Ukraine

☆ European markets head for lower open while Davos steps up a gear
▼ + stars: | 2024-01-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

The annual forum steps up a gear Tuesday with special addresses by Chinese Premier Li Qiang, European Commission President Ursula von der Leyen, U.S. National Security Advisor Jake Sullivan and Ukrainian President Volodymyr Zelenskyy. European stocks are heading for a lower open Tuesday as markets continue to focus on news and comments from the World Economic Forum in Davos, Switzerland. A general view shows the congress centre, the venue of the World Economic Forum (WEF) in Davos, Switzerland January 13, 2020. Asia-Pacific markets fell overnight, with Japanese stocks also halting their record-breaking rally since the start of the year. U.S. stock futures were also lower Monday night as Wall Street awaits December retail sales data due Wednesday and bank earnings that will provide a better picture of the state of the American consumer.

Persons: Premier Li Qiang, Ursula von der Leyen, Jake Sullivan, Volodymyr Zelenskyy Organizations: Premier, U.S . National, Economic Locations: U.S, Davos, Switzerland, Swiss, Asia, Pacific

☆ OpenAI quietly removes ban on military use of its AI tools
▼ + stars: | 2024-01-16 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

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. OpenAI has quietly walked back a ban on the military use of ChatGPT and its other artificial intelligence tools. The shift comes as OpenAI begins to work with the U.S. Department of Defense on AI tools, including open-source cybersecurity tools, Anna Makanju, OpenAI's VP of global affairs, said Tuesday in a Bloomberg House interview at the World Economic Forum alongside CEO Sam Altman. The news comes after years of controversy about tech companies developing technology for military use, highlighted by the public concerns of tech workers — especially those working on AI. Workers at virtually every tech giant involved with military contracts have voiced concerns after thousands of Google employees protested Project Maven, a Pentagon project that would use Google AI to analyze drone surveillance footage.

Persons: Sam Altman, OpenAI, Anna Makanju, OpenAI's, Makanju, Maven Organizations: Bloomberg House, Economic, U.S . Department of Defense, Bloomberg, Workers, Google, Pentagon, Microsoft, CNBC PRO Locations: Davos, Switzerland

☆ US carries out additional strikes against Houthis in Yemen
▼ + stars: | 2024-01-16 | by ( Natasha Bertrand | Oren Liebermann | ) edition.cnn.com time to read: +3 min

CNN —The US military launched new strikes against Houthi targets inside Yemen on Tuesday, targeting anti-ship ballistic missiles controlled by the Iran-backed rebel group, a two US defense officials told CNN on Tuesday. A few hours later, however, the Houthis launched an anti-ship ballistic missile into international shipping lanes in the Southern Red Sea, hitting the M/V Zografia, a Maltese flagged bulk carrier, the officials said. That operation only destroyed less than a third of the Houthis’ weapons capabilities, however, a US official told CNN on Monday. The Houthis have launched dozens of drone and missile attacks on commercial shipping in the Red Sea over a period of weeks. ““But we did not say when we launched our attacks, they’re going to end once and for all, the Houthis will be fully deterred,” Sullivan said.

Persons: Joe Biden, “, Jake Sullivan, ” Sullivan Organizations: CNN, Navy, US, Economic, National Locations: Yemen, Iran, Maltese, Houthi, Red, Davos Switzerland

☆ Divide between political elites and the working class is a major risk, Allianz CEO says
▼ + stars: | 2024-01-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Oliver Bäte, chief executive of German insurance group Allianz. Nurphoto | Nurphoto | Getty ImagesA growing detachment between political leaders and populations presents the biggest risk in a busy election year, according to Allianz CEO Oliver Bäte. The Allianz Risk Barometer published this month noted that political risk was already at a five-year high in 2023, with some 100 countries considered at high or extreme risk of civil unrest. This is expected to deepen in 2024, amid continued economic hardship, particularly in "debt-crisis countries." "We have an increasing detachment of the political elite from the working class and the people that actually go to work every day, and that, I see as the number one risk for our societies," Bäte said.

Persons: Oliver Bäte, you've, Emmanuel Macron's, Nahel, Viktor Orbán, Bäte Organizations: Allianz, Nurphoto, Economic, Sweden Democrats Locations: Ukraine, Davos, Switzerland, Netherlands, France, Slovakia, Italy, Hungary, Sweden

☆ Ikea says it's going to cut prices this year, and the company's comments on deflation should be setting competitors on edge
▼ + stars: | 2024-01-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewCompanies across the board have been hiking prices massively in the last few years, citing relentless supply chain disruptions from the COVID-19 pandemic, geopolitical tensions, and Russia's war in Ukraine. Speaking to Reuters at the World Economic Forum in Davos, Switzerland, Broden acknowledged "quite significant deflation" upstream in its supply chain. AdvertisementIkea also has enough inventory to offset price hikes from any supply chain shocks, Brodin told the news agency. To be sure, Ikea hiked prices in 2022, citing supply chain bottlenecks and higher raw material costs, but the furniture giant started cutting price late last year, citing easing price pressures. US grocery giant Walmart signaled deflation in November as well — but that was before the Red Sea Houthi attacks dragged into the new year.

Persons: —, Jesper Brodin, Broden, Brodin, It's Organizations: Service, Business, Ingka, Ikea, Reuters, Red, Economic, Energy Locations: Ukraine, Davos, Switzerland, London, Russia

☆ Davos live updates: Global leaders discuss the impact of high interest rates and the new normal
▼ + stars: | 2024-01-16 | by ( Lucy Handley | ) www.cnbc.com time to read: 1 min

French central bank chief François Villeroy de Galhau stressed that it was not possible to say in which season the European Central Bank may cut interest rates this year. But...we are not calendar driven, we are data-driven," he said during a CNBC-moderated panel event at the World Economic Forum in Davos, Switzerland. On the path of inflation, he added: "It's too early to declare victory … the job is not yet done. That said, interest rate tightening has been quite successful so far, more successful than we thought even at Davos one year ago." "What we can see on both sides of the Atlantic is something like a soft landing so far."

Persons: François Villeroy, Galhau, — Jenni Reid Organizations: European Central Bank, CNBC, Economic Locations: Davos, Switzerland

☆ Russian demand for Dubai property is slowing — but China's is picking up, DAMAC chairman says
▼ + stars: | 2024-01-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

But that wave is slowing down, DAMAC Chairman Hussain Sajwani says. But other countries are coming in strong, especially Chinese coming back," Sajwani told CNBC's Dan Murphy at the World Economic Forum in Davos, Switzerland on Tuesday. "Dubai is, you know, surrounded by more than 100 countries with all kinds of issues and challenges. While China's economy faces challenges at home, Dubai is benefitting from those who can spend outside of the country. "So a lot of people coming and residing in Dubai anyway."

Persons: Hussain Sajwani, Sajwani, CNBC's Dan Murphy Organizations: Economic Locations: Russia, Ukraine, Gulf, China, Davos, Switzerland, India, Europe, Dubai, Israel, UAE

☆ Watch CNBC's full interview wiith Michelle Yeoh
▼ + stars: | 2024-01-16 | by ( Tania Bryer | ) 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 wiith Michelle YeohSpeaking exclusively to CNBC's Tania Bryer, actress, producer and UNDP Goodwill Ambassador, Michelle Yeoh, reveals what it means to be awarded a Crystal Award at the 2024 World Economic Forum, how she chooses the charitable causes that matter to her, and how her historic Academy Award win for Best Actress changed her life.

Persons: wiith Michelle Yeoh, CNBC's Tania Bryer, Michelle Yeoh Organizations: UNDP Goodwill, Academy

☆ Microsoft CEO Satya Nadella talks AI at Davos
▼ + stars: | 2024-01-16 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN —Microsoft CEO Satya Nadella said during the World Economic Forum in Switzerland on Tuesday he was “hopeful” and “optimistic” about the future of artificial intelligence. In a conversation with Klaus Schwab, chairperson of the World Economic Forum, Nadella discussed where he believes the AI industry is headed and the safety guardrails needed in place. “As a digital technology industry, the biggest lesson learned perhaps for us is that we have to take the unintended consequences of any new technology along with all the benefits,” Nadella said. At the same time, AI companies and lawmakers continue to call for sweeping regulations of the technology. Nadella said this is a fundamental change seen the industry over the last 10 years.

Persons: Satya Nadella, Klaus Schwab, Nadella, ” Nadella, it’s, CNN’s Fareed Zakaria, Bill Gates, ”, “ Organizations: CNN, Economic, “, Microsoft Locations: Switzerland, Silicon

☆ Red Sea risk to oil 'very real,' prices could change rapidly if supply disrupted, Chevron CEO says
▼ + stars: | 2024-01-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Chevron CEO said he was surprised that U.S. crude oil was trading below $73 a barrel because the "risks are very real." Shell suspends Red Sea shipmentsThe British oil major Shell has suspended shipments through the Red Sea, people familiar with the matter told The Wall Street Journal Tuesday. Shell's decision to halt shipments through the crucial trade chokepoint comes about a month after BP paused transits through the Red Sea. Several major tanker companies, which transport petroleum products such as gasoline as well as crude oil, halted traffic toward the Red Sea on Friday. The militants on Tuesday launched an antiship ballistic missile that struck a Maltese-flagged bulk carrier in the Red Sea, according to U.S. Central Command.

Persons: Michael Wirth, " Wirth, Wirth, Shell, Houthi, CENTCOM, Sullivan Organizations: Chevron, CNBC, Economic, U.S, Navy's, Shell, Red, Wall, BP, Tuesday, U.S . Central Command Locations: East, Davos, Switzerland, Yemen, Iran, Red, Gaza, The U.S, Britain, Maltese, U.S

HONG KONG (AP) — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Official data released Wednesday showed that the Chinese economy grew 5.2% for 2023, surpassing the target of ‘about 5%’ that the government had set. The growth for 2023 is likely helped by 2022’s GDP of just 3% as China’s economy slowed due to COVID-19 and nationwide lockdowns during the pandemic. For the fourth quarter, China’s gross domestic product also grew at 5.2% compared to the same time last year. Fixed-asset investment — spending on factory equipment, construction and other infrastructure projects to drive growth — grew 3% year on year in 2023.

Persons: ”, Li Qiang Organizations: China’s National Bureau of Statistics, Communist Party Locations: HONG KONG, China

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

WASHINGTON (AP) — President Joe Biden has invited the top four congressional leaders and other lawmakers to the White House on Wednesday as members have struggled to reach agreement on U.S. aid for the Ukraine war. Republicans have insisted on pairing it with their own demands for securing the U.S. border. Political Cartoons View All 253 ImagesWhite House national security adviser Jake Sullivan and U.S. Secretary of State Antony Blinken met with Ukraine President Volodymyr Zelenskyy at the World Economic Forum’s annual meeting in Davos this week. In an appearance Tuesday following the meeting, Sullivan said he remained confident the Biden administration would come to an agreement on Ukraine aid in the coming weeks. Republicans have demanded that the funding be paired with significant border security changes.

Persons: Joe Biden, Karine Jean, Pierre, Mike Johnson, Hakeem Jeffries, Chuck Schumer, Mitch McConnell, —, Biden, ”, Shalanda Young, Young, Jake Sullivan, Antony Blinken, Volodymyr Zelenskyy, Sullivan, we’ve, ” Sullivan, Børge Brende, “, ” Biden, Aamer Madhani, Zeke Miller, Seung Min Kim Organizations: WASHINGTON, White, Republicans, U.S, Democratic, Republican, Ukraine, Management, Pentagon, Capitol Hill, Economic, Russia, Press Locations: Ukraine, Israel, D, Ky, Kyiv, Russia, Davos, U.S, Mexico

The move comes as the Houthis have launched dozens of attacks on commercial vessels in the Red Sea. In its waning days, the Trump administration designated the Houthis a foreign terrorist organization over the strong objections of human rights and humanitarian aid groups. Yemen, on the tip of the Arabian Peninsula bordering the Red Sea, is the poorest country in the Arab world. While supporters of broad sanctions argue it’s possible to shape any enforcement mechanisms so to exempt food and humanitarian aid, aid organizations worry that fears of running afoul of U.S. regulation could scare away shippers, banks and other players vital to Yemen’s commercial food supply. The Red Sea attacks have already caused significant disruptions to global trade.

Persons: —, Biden, Antony Blinken, Trump, Blinken, ”, Scott Paul, “, Yemen’s Houthi, Jake Sullivan, Linda Thomas Greenfield, Brent, Houthis, Sullivan, Joe Biden's, ” Sullivan, Sheikh Mohammed bin Abdulrahman, Sheikh Mohammed bin Abdulrahman Al Thani, Al Thani, Mohammed Shia, Masrour Barzani, Jon Gambrell, Edith M, Lederer, Ellen Knickmeyer Organizations: WASHINGTON, White, U.S, Nations, Oxfam America, White House, House, Economic, British, United Nations, Consulate, Islamic, Tuesday, ___ Associated Press Locations: Yemen, Red, Gaza, Israel, Yemenis, U.S, Davos, Switzerland, Iran, Malta, Tehran, Lebanon, Syria, Iraq, Sheikh Mohammed bin Abdulrahman Al, Qatar, Kurdish, House, Irbil, ___, Jerusalem, Washington

☆ Davos: Zelensky warns Putin’s war must not become ‘frozen’ as Ukraine faces shortage of weaponry and aid
▼ + stars: | 2024-01-16 | by ( Christian Edwards | Niamh Kennedy | ) edition.cnn.com time to read: +6 min

Is the third world war possible? Putin’s war was less than a year old when Zelensky last spoke at Davos via a video link in January 2023. Zelensky said the West's fears that supplying weapons would escalate the war cost Ukraine time, lives and opportunities. Speaking at Davos shortly before Zelensky, NATO Secretary-General Jens Stoltenberg said only continued support for Ukraine would make Putin to relent. “And the paradox is that, if we want that to happen… the way to get there is [to send] more weapons to Ukraine.

Persons: Volodymyr Zelensky, Zelensky, “, Putin, ” Zelensky, Valery Zaluzhny, Ukraine’s, Ursula von der Leyen, Von der Leyen, ” Von der Leyen, Ursula Von der Leyen, Gian Ehrenzeller, ’, ”, Fabrice Coffrini, Jens Stoltenberg, ” Stoltenberg Organizations: CNN, Economic, Hamas, ”, Getty, NATO Locations: Davos, Switzerland, Ukraine, Russia, Kherson, Kharkiv, Kyiv, Pyongyang, Tehran, AFP

☆ 3 reasons why investors keep sending cybersecurity giant Palo Alto Networks to record high after record high
▼ + stars: | 2024-01-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Palo Alto Networks CEO Nikesh Arora said Tuesday that cybersecurity demand will only intensify in 2024. Palo Alto Networks was riding a six-session winning streak, including Tuesday's all-time high above $333 per share. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance When Arora took over as CEO of Palo Alto in June 2018, the stock was around $70 per share. Late last year, Palo Alto announced plans to buy enterprise browser startup Talon Cyber Security and cloud data specialist Dig Security. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Persons: Nikesh Arora, Arora, Jim Cramer, he's, OpenAI, Sam Altman's, Estee Lauder, Clorox, Palo, we've, Morgan Stanley, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: Palo Alto, Club, CNBC, Palo Alto Networks, Alto, Palo, Google, MGM Resorts, Caesars Entertainment, Security Locations: Davos, Switzerland, Palo, Palo Alto

Search resuls for: "World Economic Forum"

25 mentions found