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☆ Slovakia's prime minister no longer in life-threatening condition after assassination attempt
▼ + stars: | 2024-05-16 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Slovakia's Prime Minister Robert Fico walks during the European Council summit at the EU headquarters in Brussels, on April 18, 2024. Slovakia's populist Prime Minister Robert Fico is expected to survive a multiple-shot assassination attempt following surgery, according to the country's deputy prime minister. The Slovakian premier's condition has stabilized but remains serious, Reuters cited a hospital official as saying on Thursday. "The shooting of the prime minister is first and foremost an attack against an attack on a human being – but it's also an attack on democracy," she said in an officially translated video. Fico has served as prime minister of Slovakia for around 10 years across three mandates, heading the Smer (Direction) party.

Persons: Robert Fico, Tomas Taraba, Šutaj Eštok, Zuzana Caputova, it's, Fico Organizations: Slovakia's, EU, BBC, Reuters, CNBC, Slovakian Ministry of Interior, Ministry of Foreign Affairs, Slovakian, Sky News, Russia, RTVS Locations: Brussels, Slovakian, Slovak, Handlova, Banska Bystrica, Slovakia, Ukraine

☆ Robert Fico: Slovakia’s prime minister out of ‘life-threatening situation’ following assassination attempt
▼ + stars: | 2024-05-16 | by ( Jessie Yeung | Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —Slovakia’s prime minister, Robert Fico, is out of danger after being shot five times and undergoing surgery, officials say, following an assassination attempt that rocked the central European country and sparked global condemnation. Footage from the scene showed the injured prime minister being bundled into a vehicle by his staff, before it speeds away with him inside. undefined — Slovakia's Prime Minister Robert Fico walks during the European Council summit at the EU headquarters in Brussels, on April 18, 2024. Unlike the president, whose role has limited scope, the prime minister holds rank as the decision-making head of government. Fico previously served as Slovakia’s prime minister for more than a decade, first between 2006 and 2010 and then again from 2012 to 2018.

Persons: CNN —, Robert Fico, Fico, Tomáš Taraba, “, Zuzana Čaputová, Kenzo Tribouillard, Šutaj Eštok, ” Fico Organizations: CNN, EU, Getty, Ukraine, Kyiv, NATO, Reuters Locations: Handlova, Banská Bystrica, Brussels, AFP, Slovakia

☆ Meta’s Facebook and Instagram probed over fears they may be too addictive for children
▼ + stars: | 2024-05-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The European Union is worried that Meta is failing to protect children on its platforms, Facebook and Instagram, and has launched a formal investigation that could result in a hefty fine. The probe is the latest evidence that regulators are increasingly focussing on the harmful impact of Meta’s platforms — and other social media — on young users, including by encouraging addictive behavior. The European Commission, the EU’s executive arm, will consider whether Meta (META) has complied with its obligations under the Digital Services Act (DSA), the bloc’s sweeping new law for online platforms. The legislation requires online platforms to put in place measures to protect children, including by preventing them from accessing inappropriate content and ensuring a high level of privacy and safety. The European Commission is concerned that Facebook’s and Instagram’s online interfaces “may exploit the weaknesses and inexperience of minors and cause addictive behavior,” it said in a statement Thursday.

Persons: Meta, Thierry Breton, ” Meta Organizations: London CNN, Facebook, European Commission, Digital Services, European, Meta, CNN, New Locations: New Mexico, Gaza

☆ Why Biden’s monster EV tariffs could inflame a Europe-China trade war
▼ + stars: | 2024-05-15 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

It’s a very different matter in Europe — by far the biggest export market for Chinese EV manufacturers. EU tariffs could backfireAccording to Citi, the EU accounted for 36% of Chinese EV exports last year, more than the next five largest markets combined. By contrast, the United States currently receives just 1.1% of China’s EV exports. For BYD, China’s biggest EV maker, the tariffs would likely have to be even higher to be effective, they add. “I’d say we are entering a very tense period in terms of trade interactions and trade defense,” she added.

Persons: Joe Biden, “ I’m, ” Biden, Joseph Webster, Agatha Kratz, Kratz, That’s, Oliver Zipse, ”, Tu Le, “, Josh Lipsky, Juliana Liu Organizations: London CNN, United, EV, European Union, Atlantic Council, EU, CNN, Citi, Capital Economics, BMW Locations: China, America, Europe, United States, It’s, Brussels, “ Brussels, Beijing, subsidization, EU, States, Italy, Hong Kong

☆ Georgia president holds talks on 'how to save' the country as U.S., EU and NATO decry 'Russian law'
▼ + stars: | 2024-05-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Georgian President Salome Zurabishvili delivers a speech during an gathering celebrating Europe Day outside her residence in Tbilisi on May 9, 2024. (Photo by Vano SHLAMOV / AFP) (Photo by VANO SHLAMOV/AFP via Getty Images)Georgian President Salome Zourabichvili on Wednesday held talks with European ministers to urgently discuss "how to save" the country, shortly after lawmakers adopted a deeply divisive Russia-style foreign influence bill. The U.S., European Union, NATO and the United Nations have all issued statements expressing concern about Georgia's new legislation, which opposition lawmakers have denounced as the "Russian law." Georgian lawmakers on Tuesday approved the legislation, with 84 members of the country's 150-member law-making body voting in favor. "On the agenda today is the following issue: how to save Georgia," Zourabichvili said, according to a translation.

Persons: Salome Zurabishvili, Vano SHLAMOV, VANO SHLAMOV, Salome Zourabichvili, Zourabichvili Organizations: Getty Images, Wednesday, Union, NATO, United Nations, EU Locations: Europe, Tbilisi, AFP, Russia, U.S, Lithuania, Latvia, Estonia, Iceland, Georgia

☆ Slovakian PM Fico in ‘life-threatening’ condition after being shot; EU leaders decry 'brutal attack'
▼ + stars: | 2024-05-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Prime Minister of Slovakia Robert Fico attends a press conference during a Special European Council Meeting on April 18, 2024 in Brussels, Belgium. Slovakia's populist Prime Minister Robert Fico on Wednesday was shot multiple times in an assassination attempt that has sent shockwaves across the continent. The 59-year-old has been transported by helicopter to hospital in the central Slovakian city of Banska Bystrica to receive treatment. A post on Fico's official Facebook page said the prime minister was "shot multiple times and is in a life-threatening state" after an "attempted assassination." Slovakian President Zuzana Čaputová "strongly" condemned the "brutal and ruthless attack" in a Google-translated Facebook post, without supplying further details of the nature of the attack.

Persons: Slovakia Robert Fico, Robert Fico, Fico, Zuzana Čaputová Organizations: NBC, Reuters, CNBC Locations: Slovakia, Brussels, Belgium, Slovakian, Banska Bystrica, Bratislava, Handlova

☆ ‘We have to do what we have to do’: Israel’s Netanyahu stands firm on Rafah offensive despite U.S. tensions
▼ + stars: | 2024-05-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Israeli Prime Minister Benjamin Netanyahu acknowledged tensions with historical ally the U.S. over the military offensive in Rafah in the Gaza Strip, but stood firm that the operation is required to protect Israeli security. But we have to do what we have to do," Netanyahu said Wednesday, in an interview with CNBC's Sara Eisen. Over 1,200 people have been killed in Israel since October, according to Israel's prime minister's office. Meanwhile, more than 35,000 people have been killed in the Gaza Strip, according to the Palestinian health ministry's latest official count. Earlier this week, U.S. Secretary of State Antony Blinken stressed that Washington could not endorse a Rafah military incursion in the absence of a "credible" plan to safeguard civilians.

Persons: Benjamin Netanyahu, Netanyahu, CNBC's Sara Eisen, Israel, Antony Blinken, Josep Borrell Organizations: Palestinian, Hamas, NBC's, U.S . State Department Locations: U.S, Rafah, Gaza, Israel, United States, Washington, Hamas, Kerem Shalom

☆ Chuck Schumer and bipartisan group of senators unveil plan to control AI – while investing billions of dollars in it
▼ + stars: | 2024-05-15 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

It also instructs multiple Senate committees to come up with guardrails for AI to address some of its biggest risks, such as AI-enabled discrimination, job displacement and election interference. “Harnessing the potential of AI demands an all-hands-on-deck approach and that’s exactly what our bipartisan AI working group has been leading,” Schumer said Wednesday. “This roadmap represents the most comprehensive and impactful bipartisan recommendations on artificial intelligence ever issued by the legislative branch,” Young said Wednesday. Schumer has described regulating artificial intelligence as a challenge for Congress unlike any other, vowing a swift timeline measured in months, not years. But policy analysts, and some congressional aides, doubt whether Congress can pass significant legislation regulating AI in an election year.

Persons: Chuck Schumer, Schumer, ” Schumer, New Mexico Democratic Sen, Martin Heinrich, Republican Sens, Mike Rounds, Todd Young, ” Young, ” Organizations: CNN, European Union, National Security, Artificial Intelligence, New, New Mexico Democratic, Republican, South, Todd Young of Indiana, EU Locations: New York, New Mexico, South Dakota

☆ EU's Gentiloni says outlook for European inflation and purchasing power is 'very good'
▼ + stars: | 2024-05-15 | 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 EmailEU's Gentiloni says outlook for European inflation and purchasing power is 'very good'Paolo Gentiloni, the European Union's commissioner for economy, discusses the path of inflation in the bloc, trade with China, and 'weak' progress toward a Capital Markets Union.

Persons: Paolo Gentiloni Organizations: Capital Markets Union Locations: China

This week, Xi is welcoming him to China for a two-day state visit — their fourth in-person meeting since Russia’s onslaught in Ukraine began. China has repeatedly defended its trade with Russia as part of normal bilateral relations. Russia has also become China’s main oil supplier, overtaking Saudi Arabia, according to official Chinese trade data. Governments warn against support for Russia’s war effortThe wartime surge in trade, and growing purchases of oil, have sparked criticism in the West that China was helping to fund Russia’s war. It mirrors Xi’s state visit to Russia in March 2023, which was the Chinese leader’s first overseas trip after starting a norm-shattering third term as president.

Persons: Vladimir Putin’s, Xi, Putin, Antony Blinken, Emmanuel Macron, Ursula von der Leyen, Von der, ’, Volodymyr Zelensky, Joe Biden, Biden Organizations: Hong Kong CNN, United, European Union, International Monetary Fund, —, EU, White, European Commission Locations: China, Hong Kong, Russia, Ukraine, Russian, United States, Saudi Arabia, India, West, Beijing, France, Chinese

☆ 'We are losing competitiveness' in the EU, former Italian Prime Minister Letta says
▼ + stars: | 2024-05-15 | 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 Email'We are losing competitiveness' in the EU, former Italian Prime Minister Letta saysEnrico Letta, author of "Much More Than A Market" and former Italian prime minister, discusses the European economy.

Persons: Letta, Enrico Letta Organizations: EU Locations: Italian

☆ Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU's economics chief says
▼ + stars: | 2024-05-15 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday. "But this is not bringing us to a theory of decoupling of global trade, which would be a disaster for both parts of the decoupling," he said. "The characteristic of the EU economy is to be more open, more influenced by trade, and less by only internal consumption. This is the reason, the economic reason, why it is in the interest of the European Union to keep the doors of trade open." Meanwhile, several EU nations are nervous about potential Chinese retaliatory trade measures hitting important domestic industries, from German automotives to French cognac.

Persons: Paolo Gentiloni, CNBC's Silvia Amaro, Gentiloni Organizations: European, European Union, CNBC Locations: European Union, Europe, China, EVs, U.S, Russia, Ukraine

☆ Portal project: ‘Inappropriate’ behavior shuts down Dublin to New York City connection
▼ + stars: | 2024-05-14 | by ( Marnie Hunter | ) edition.cnn.com time to read: +4 min

Less than a week after two public sculptures featuring a livestream between Dublin, Ireland, and New York City debuted, “inappropriate behavior” in real-time interactions between people in the two cities has prompted a temporary shutdown. The creators of the sculptures are now “investigating possible technical solutions to inappropriate behaviour by a small minority of people in front of the Portal,” according to a statement from the Dublin City Council. “Dublin City Council had hoped to have a solution in place today, but unfortunately the preferred solution, which would have involved blurring, was not satisfactory,” the City Council said late Tuesday. The Dublin-New York city pairing isn’t the first real-time bridge between cities through these sculptures. The first Portals, according to the organization’s website, linked Vilnius, Lithuania, with Lublin, Poland, in 2021.

Persons: Niall Carson, ”, Benediktas Gylys, Daithí, de Róiste, “, De Róiste Organizations: CNN, New York City, Dublin City Council, City Council, Dublin, AP Organizers, Flatiron NoMad Partnership, Flatiron, Public, Broadway, Fifth, Dublin’s, Mayor, Róiste’s, Smart Locations: Dublin, Ireland, New, New York, “, York, Poland, Brazil, Lithuania, City, Vilnius, Lublin

☆ Putin to meet Xi in China as world convulses from global conflicts
▼ + stars: | 2024-05-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Pyongyang – which has an economy almost entirely dependent of China – is believed by Western governments to be aiding Russia with war supplies. Xi has ramped up his calls for Europe and other countries to help the world avoid a “Cold War,” suggesting they resist what Beijing sees as US efforts to contain China. They have also criticized Israel and the United States – converging with mounting global backlash, especially across the Global South against Israel’s war. The conflict has also impacted how China and Russia view their relations with countries there, he added. China “wants to use Russia” for its aims, but Russia is making China weak, he said.

Persons: Xi Jinping, Vladimir Putin, Putin, –, It’s, China –, Xi, France –, Jens Stoltenberg, Sergei Guneyev, ”, Li Mingjiang, Manoj Kewalramani, Russia doesn’t, Stringer, Gaza —, Sergey Lavrov, presser, Wang Yi, Israel, “, Privately, Shen Dingli, China “, Alexander Dugin, Donald Trump, Li Organizations: Hong Kong CNN, West, NATO, Forum, Singapore’s Nanyang Technological University, EU, Takshashila, Boys, Getty, United, Global, Shanghai Cooperation Organization, Russia, Weibo, Moscow, CNN Locations: Hong Kong, China, Russian, Gaza, Ukraine, Moscow, Washington, Iran, North Korea, Pyongyang, Russia, Tehran, Beijing, Europe, France, Serbia, Hungary, Bangalore, Rafah, AFP, Israel, United States, Kewalramani, South, Taiwan, Shanghai, Singapore

Tbilisi, Georgia CNN —Georgia’s parliament has passed a controversial “foreign agents” bill despite widespread domestic opposition and warnings from the European Union that its enactment would imperil the country’s chances of joining the bloc. Many Georgians fear their foreign agents bill will be used the same way in their country. Georgia’s parliament now has 10 days to send the bill to President Salome Zourabichvili, who has already vowed to veto it. However, EU leaders have made it clear that the foreign agents bill’s passage would jeopardize Georgia’s chances of accession. Georgian law enforcement officers detain a demonstrator near the parliament in Tbilisi on May 14.

Persons: Georgia CNN —, Salome Zourabichvili, Zourabichvili, Giorgi Arjevanidze, Bidzina Ivanishvili, they’ve, Putin, ” Zourabichvili, Shakh, Levan Khabeishvili, “, ” Khabeishvili, ” Dmitry Peskov, Vladimir Putin’s, Irakli, CNN’s Christian Edwards, Anna Chernova, Vasco Cotovio Organizations: Georgia CNN, European Union, EU, United, Getty, Soviet Union, Georgian, CNN, European Locations: Tbilisi, Georgia, Russia, Ukraine, Europe, Soviet, United States, Caucasus, Turkey, Armenia, Azerbaijan, AFP, Russian, Moscow

☆ Want to see Taylor Swift’s ‘Eras Tour’ without breaking the bank? Try Europe
▼ + stars: | 2024-05-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Planning a summer vacation in Europe usually requires an exorbitant amount of cash, but when Taylor Swift is involved, it actually might be a deal. For example, secondary market ticket prices for Swift’s show in Stockholm, Sweden, this Saturday are as cheap as $300 for standing room-only and seats in the nosebleed sections. Compare that to Swift’s show in Miami in October where seats are selling for about $2,000 to as much as $8,500 on StubHub. Julien De Rosa/AFP/Getty ImagesAlthough Europe’s laws on ticket resale vary country by country, a number of them, including Ireland and Portugal, ban ticket sellers from making a profit on the secondary market. For Swifties looking to jump over the pond for their London Boy, Shemtob recommends using ticket sellers such as Ticketmaster, AEG, Eventim or Twickets.

Persons: Taylor Swift, Swift, Sam Shemtob, Julien De Rosa, reselling, Shemtob, it’s, ” Organizations: New, New York CNN, Union, Alliance, CNN, Friends Arena, Swedish men’s national football team, Sweden isn’t, Getty, EU, Digital Services, European Court, Justice, ”, London, Ticketmaster, AEG Locations: New York, Europe, Stockholm, Sweden, Swedish, Miami, New Orleans, Indianapolis, Portugal, Spain, Germany, Paris, AFP, Ireland, France, EU

☆ Apple desperately needs its Next Big Thing
▼ + stars: | 2024-05-14 | by ( Paris Marx | ) www.businessinsider.com time to read: +10 min

But after a decade of doing that, iPhone sales are slowing, revenue is down, and the company, again, needs to find its next big thing. Apple's own outlook suggests poor iPhone sales will persist, especially as sales in China rapidly decline. The drawbacks of Cook's divestment from product design and development are now becoming clearer. Both the EU and the US cases would also make some people more likely to switch to a cheaper phone, which would threaten iPhone sales even further. The drawbacks of Cook's divestment from product design and development are now becoming clearer.

Persons: Steve Jobs, Jobs, Apple, Tim Cook, Cook, haven't, Steve, Tripp Mickle, Jony Ive, we've, wouldn't, Let's, aren't, Peter Kafka Organizations: Apple, Apple Watch, IBM, Google, EU, Bloomberg, Nasdaq, Business Locations: China, Asia, India, Indonesia

☆ Watch CNBC's full interview with Mark Gitenstein, U.S. ambassador to the EU
▼ + stars: | 2024-05-14 | 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 Mark Gitenstein, U.S. ambassador to the EUMark Gitenstein, U.S. ambassador to the EU, talks to CNBC's Silvia Amaro about tariffs on Chinese imports, Europe-U.S. relations and the ongoing war between Russia and Ukraine.

Persons: Mark Gitenstein, CNBC's Silvia Amaro Locations: U.S, Europe, Russia, Ukraine

☆ China is engaged in ‘deliberate' efforts to undermine the U.S. and Europe, says EU envoy Gitenstein
▼ + stars: | 2024-05-14 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +1 min

Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods. Speaking to CNBC's Silvia Amaro on Tuesday, Gitenstein said China was "engaged in a deliberate effort to undermine economic sectors in both Europe and the United States." The Chinese Embassy in London did not immediately respond to a request for comment when contacted by CNBC. It comes amid growing concerns over a raft of cheap Chinese "green" goods — such as EVs, batteries and solar panels — flooding international markets. White House officials have already warned Beijing to amend certain trade practices that it argues have weakened global supply chains.

Persons: Mark Gitenstein, CNBC's Silvia Amaro, Gitenstein, Biden, Ursula von der Leyen, Charles Michel, — CNBC's Rebecca Picciotto Organizations: Embassy, CNBC, White, European Commission, European Locations: U.S, China, Europe, United States, London, Beijing, People's Republic of China, PRC

☆ Indian election enters fourth phase amid heightened rhetoric over religion, inequality
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: +2 min

GHAZIABAD INDIA - APRIL 06: Prime Minister Narendra Modi greets supporters at a roadshow on April 06, 2024 in Ghaziabad, Uttar Pradesh, India. India's 2024 general election is set to be the world's largest democratic exercise, with over 969 million registered voters, more than the combined population of the EU, US, and Russia. (Photo by Elke Scholiers/Getty Images)India voted on Monday in the fourth phase of a seven-week long general election, as campaign rhetoric became more strident over economic disparities and religious divisions. "I appeal to all to vote for a decisive government," said Amit Shah, Modi's powerful aide and the country's interior affairs minister, as voting began. The lower turnout has raised doubts over whether BJP and its allies can win the landslide predicted by opinion polls.

Persons: Narendra Modi, Elke Scholiers, Amit Shah Organizations: EU, Bharatiya Janata Party, BJP Locations: GHAZIABAD INDIA, Ghaziabad, Uttar Pradesh, India, Russia, Telangana, Andhra Pradesh

☆ What is Georgia’s ‘foreign agents’ bill, and why is Europe so alarmed?
▼ + stars: | 2024-05-13 | by ( Joshua Berlinger | Christian Edwards | ) edition.cnn.com time to read: +7 min

CNN —Georgia’s parliament is set to pass a highly controversial so-called “foreign agents” bill that has triggered widespread protests across the former Soviet republic nestled in the Caucasus Mountains. Here’s what you need to know about the proposed law and the uproar it has caused. The bill would require organizations receiving more than 20% of their funding from abroad to register as “agents of foreign influence” or face crippling fines. About 50,000 protesters gathered in Tbilisi to protest the proposed legislation on Sunday. The proposed law is modeled after a similar one in Russia that the Kremlin has used to increasingly snuff out opposition and civil society.

Persons: CNN —, Salome Zourabichvili, Irakli Kobakhidze, Bidzina Ivanishvili, Vano Shlamov, Ivanishvili, they’ve, Georgia’s, Kobakhidze, Mirian, Jake Sullivan, ”, Dmitry Peskov, “, Ursula von der Leyen, Anna Chernova Organizations: CNN, Getty, European, House, Washington, Georgian, EU, “ Locations: Soviet, Caucasus, Tbilisi, Here’s, Georgian, Georgia, AFP, Russia, Europe, Ukraine, Soviet Union, European Union, Georgia’s, Didn’t Georgia, Anadolu, backsliding, George, Brussels, “ Georgia

☆ A wargame simulated a 2nd Trump presidency. It concluded NATO would collapse.
▼ + stars: | 2024-05-12 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

If Donald Trump wins a second term in the White House in November, NATO may fall apart, a recent wargame found. "What Donald Trump can do is just really hollow out what NATO does," Grimble told Business Insider. The UK has traditionally backed a transatlantic, America-Europe alliance rather than a purely European defense bloc. Yet in the game, it could neither persuade Trump to ease his demands, nor the European NATO members to spend more on defense. "Many NATO members — except for France mainly — thought post-Trump it could be salvageable," Grimble said.

Persons: Donald Trump, Trump, Finley Grimble, Grimble, John Bolton, —, SACEUR, Jens Stoltenberg, NICHOLAS KAMM, hadn't, I'm, Florian Gaertner, Russia doesn't, God's, Michael Peck Organizations: Service, House, NATO, EU, US, Business, US National Security, Allied, Europe, Washington, Nato, Getty, European Union, Joint Expeditionary Force, Northern, —, European NATO, Trump, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Russia, NATO, Ukraine, China, American, United States, Finland, Romania, Poland, Baltic, France, Germany, French, America, Italy, Estonia, British, Turkey, Baltic States, Ukraine stalemated, Moscow, Russian, Kyiv . Europe, Beijing, Taiwan, Japan, Australia, South Korea, Iran, Saudi Arabia, European, Forbes

☆ In the rush to adopt AI, ethics and responsibility are taking a backseat at many companies
▼ + stars: | 2024-05-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Companies are rapidly integrating generative AI technology to boost productivity. AdvertisementCompanies have been racing to deploy generative AI technology into their work since the launch of ChatGPT in 2022. She added that the "demand for AI governance and risk experts is outpacing the supply." "The venture capital environment also reflects a disproportionate focus on AI innovation over AI governance," Singh told Business Insider by email. But with the pace of innovation in AI, government regulations may not be enough right now to ensure companies are protecting themselves.

Persons: —, haven't, Tad Roselund, Nanjira Sam, Navrina Singh, Singh Organizations: Service, Companies, Microsoft, Boston Consulting Group, MIT Sloan Management, Stanford's Institute for, Intelligence, Biden Administration Locations: EU

☆ China’s Xi Jinping highlights Europe’s divisions ahead of expected Putin visit
▼ + stars: | 2024-05-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Chinese state media played up the warm diplomacy, with headlines proclaiming China’s “ironclad” bond with Serbia and “golden friendship” with Hungary. Both are sure to closely watch any summit between Xi and Russian President Vladimir Putin in China, expected to happen soon. Chinese leader Xi Jinping is welcomed at the airport in Belgrade on May 7 for his two-day state visit. Xi also marketed a shared worldview during his meeting with Orban in Hungary, which is a member of both the EU and NATO. Chinese leader Xi Jinping talks with Hungarian Prime Minister Viktor Orban in Budapest on May 9.

Persons: Xi, Peng Liyuan, Aleksandar Vucic, Viktor Orban, China’s, Vucic, Orban –, Emmanuel Macron, Ursula von der, Vladimir Putin, Orban, Hungary “, ’ ”, Philippe Le Corre, ”, Putin, Le Corre, Xi Jinping, Dimitrije Goll, Xi’s, Serbia’s Vucic, ” Vucic, Bruno Le Maire, BYD, Liu Dongshu, Vivien Cher Benko, Tamas Matura, Mark Rutte, Olaf Scholz, Matura, Von der, “ Orban, Gabor Scheiring Organizations: Hong Kong CNN, Russia, Ukraine, China, Europe …, Asia Society, Center for, Forum, Anadolu, Getty, EU, NATO, ”, Xi, Hong Kong’s City University ., Hungarian, Central, Dutch, Georgetown University Locations: Hong Kong, France, Ukraine, China, Belgrade, Budapest, Paris, Serbian, Hungarian, Serbia, Hungary, Europe, Russia, Russian, ”, Europe … Hungary, Center for China, Beijing, United States, EU, Hong, Central, Eastern Europe, Eastern, Moscow, Qatar, “ Hungary

☆ OpenAI's Sam Altman says an international agency should monitor the 'most powerful' AI to ensure 'reasonable safety'
▼ + stars: | 2024-05-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOpenAI CEO Sam Altman says he's keen on regulating AI with an international agency. President Joe Biden also signed an executive order last year calling for greater transparency from the world's biggest AI models. But Altman argued that an international agency would offer more flexibility than national legislation — and that's important given how quickly AI evolves. In simple terms, Altman thinks AI should be regulated like an airplane.

Persons: —, Sam Altman, he's, Altman, Joe Biden Organizations: Service, Business, Intelligence, Bloomberg Locations: EU, California

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