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Mustafa Suleyman, Co-founder Inflection.ai & DeepMind, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Microsoft said Tuesday it has hired Mustafa Suleyman, a co-founder of artificial intelligence startup DeepMind that Google acquired in 2014, to lead Copilot AI initiatives. Suleyman will become an executive vice president and CEO of Microsoft AI, reporting to CEO Satya Nadella. The new Microsoft AI group will work on Copilot, which appears in Bing, Windows and other Microsoft products. WATCH: We've hit 'peak hype' of the AI revolution, says DeepMind co-founder Mustafa Suleyman

Persons: Mustafa Suleyman, Inflection.ai, Suleyman, Satya Nadella, DeepMind, Elon Musk, Karén, Nadella, Mustafa, Demis Hassabis, Hassabis Organizations: Microsoft, Google, Windows, Consumer Locations: Davos, Switzerland, Bing

☆ Here’s why high interest rates haven’t caused a US recession
▼ + stars: | 2024-03-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

America’s economy remains remarkably solid, despite the high interest rates. The Fed dramatically cut interest rates in the early days of the Covid-19 pandemic to help shore up an economy dealing with high unemployment, prompting mortgage rates to also drop in tandem. Those homeowners who locked in an affordable 3% mortgage rate, for instance, aren’t likely to trade it for anything higher. Fed officials reflected in their latest economic projections from December that they expect to cut interest rates three times this year, which would also lower mortgage rates. That all means that Americans have been well equipped to deal with the effects of high interest rates.

Persons: Jerome Powell, ” Powell, ” Dan North, Freddie Mac, ” Karen Manna, Federated Hermes, “, ”, Powell Organizations: DC CNN, Federal Reserve, Reserve, CBS, Allianz Trade, CNN, Fed, Employers, Consumer Finances, Federated Locations: Washington

☆ Trial shocker: Jurors can hear about a 2015 Trump Tower meeting that prosecutors say was a hush-money huddle hosted by Trump
▼ + stars: | 2024-03-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewIn a blow to former President Donald Trump's prospects in his upcoming Manhattan felony trial, the judge ruled Monday that jurors can hear about a Trump Tower meeting where prosecutors say Trump was physically present as hush money was discussed. News of the August 2015 meeting and Trump's involvement was first revealed in November 2018 by The Wall Street Journal. The Trump Tower meeting is key to understanding that allegation, Merchan wrote. Prosecutors allege the 2015 Trump Tower meeting involved discussions of how the supermarket tabloid could publish flattering stories about Trump and negative stories about his opponents, the judge wrote. Advertisement"The Court grants the People's motion with respect to the introduction of evidence surrounding the Trump Tower Meeting," he wrote.

Persons: —, Donald Trump's, Trump, Stormy Daniels, Karen McDougal —, Michael Cohen, Daniels, McDougal, Cohen, David Pecker, Juan Merchan, Merchan, Pecker Organizations: Service, Trump, Wall Street, Business, CNN, American Media Inc, National Enquirer, Prosecutors, AMI Locations: Manhattan

☆ ‘Alarm bells are ringing’: Poland’s president says NATO must urgently ramp up defense spending
▼ + stars: | 2024-03-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Polish President Andrzej Duda speaks to members of the media following a meeting with U.S. President Joe Biden at the White House on March 12, 2024 in Washington, DC. Kevin Dietsch | Getty ImagesPolish President Andrzej Duda said Monday that NATO must urgently increase its defense spending to ensure it does not become the next target of a Russian attack. Duda said it was therefore more critical than ever to ramp up the alliance's military investment, describing his increased spending targets as "common sense." The Polish president, whose country shares a land border with Ukraine, has spearheaded calls to supply weapons to Kyiv since the onset of Russia's full-scale invasion. During a meeting with U.S. President Joe Biden last week, Duda called for NATO to raise its minimum military spending target to 3% of GDP to further strengthen the alliance's defenses.

Persons: Andrzej Duda, Joe Biden, Kevin Dietsch, Duda, Vladimir Putin, CNBC's Steve Sedgwick, Donald Tusk, Tusk, Putin, it's Organizations: U.S, White, Getty, NATO, CNBC, Polish, U.S . House Locations: Washington , DC, Moscow, Ukraine, Poland, U.S, Sweden, Congress, Russia

☆ Unilever to split off its ice cream unit including Ben & Jerry’s
▼ + stars: | 2024-03-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

A family enjoys the visitor attractions at Ben & Jerrys factory in Waterbury, Vermont on June 24, 2021. Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit, which includes Ben & Jerry's and Magnum, as part of a restructuring plan that will impact 7,500 jobs. "The proposed changes are expected to impact around 7,500 predominantly office-based roles globally, with total restructuring costs now anticipated to be around 1.2% of Group turnover for the next three years (up from the around 1% of Group turnover previously communicated)," a statement said. This is breaking news story, please check back later for more.

Persons: Jerrys, Jerry's Organizations: Consumer, Unilever Locations: Waterbury , Vermont

☆ Fed and other banks to make 'major progress' on rates this year, BIS chief says
▼ + stars: | 2024-03-18 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

The Federal Reserve and the European Central Bank look poised to make "major progress" in cutting interest rates this year, according to the central bank of central banks. BIS serves as a bank and forum for national central banks, and as such has close understanding of their monetary policies. During its March meeting, the ECB held interest rates steady, but hinted at a June rate cut as it trimmed its annual inflation forecast. The Fed and the Bank of England are expected to shine future light on their plans for interest rates during their monetary policy meetings this week. The Bank of Japan is meanwhile predicted to lift interest rates on Tuesday, according to a Reuters poll, marking a major turn in its nearly two-decade-long cycle of negative interest rates.

Persons: Carstens, Annette Weisbach, disinflation, Philip Lane, JP Morgan, Goldman Sachs, BoE Organizations: Federal Reserve, European Central Bank, Bank for International, CNBC, BIS, ECB, Bank of England, Goldman, Bank of Japan

☆ What are the chances Nvidia can continue its parabolic gain? Let's look at stock market history
▼ + stars: | 2024-03-18 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

That's over a 2000% gain, compared to 83% for the S & P 500. While the absolute numbers were uninspiring, the relative performance, versus the S & P 500, was even more discouraging. Of the 49 double-bagger-plus names, only 21, or 43%, outperformed the S & P in the next year, with 28, or 57% underperforming. It generally relies on earnings growth, often before those profits emerge, but eventually as the company's sustaining force. Does that mean buying NVDA is safe, because of that earnings growth rate?

Organizations: Nvidia

A Chinese business titan pleaded guilty on Monday to federal charges that he made more than $10,000 in straw donor contributions to political candidates — including, a person familiar with the case said, to a New York congressman and Mayor Eric Adams. Hui Qin, 56, of Old Westbury, N.Y., who was once listed on Forbes magazine’s list of billionaires, ran a now-defunct entertainment business called SMI Culture. Image Hui Qin Credit... ImaginechinaMr. Qin asked others to contribute to political campaigns of his choosing, and he agreed to reimburse them, in 2021 and 2022, according to prosecutors. The other figures who received donations were Representative Andrew Garbarino of Long Island and Allan Fung, a former mayor of Cranston, R.I., who ran for Congress, the person familiar with the case said. Both are Republicans, while Mr. Adams is a Democrat.

Persons: Eric Adams, Hui Qin, Imaginechina Mr, Qin, Andrew Garbarino, Allan Fung, Adams Organizations: Forbes, Congress Locations: New York, Old Westbury, N.Y, Manhattan, Qin, Long, Cranston, R.I

☆ Andre Gordon: A Pennsylvania man is suspected of killing 3 people, including his teen sister, at 2 different homes
▼ + stars: | 2024-03-17 | by ( Dalia Faheid | ) edition.cnn.com time to read: +7 min

He carried out the attacks with an “AR-15 style assault rifle,” Falls Township Police Chief Nelson Whitney said. Around 11:38 a.m., the carjacked Honda CRV was found abandoned in Trenton, according to Falls Township Police. The pair of shootings were “domestic related,” Falls Township Chairman of Board of Supervisors Jeff Dence told CNN. Family members were present at both homes in Falls Township, according to Schorn. Gordon is also believed to have “family ties” to the Trenton house, she said in a news conference.

Persons: carjacking, Andre Gordon, Nelson Whitney, “ He’s, Steve Wilson, Gordon, Wilson, “, ” Wilson, Reed Gusciora, Gusciora, Karen Gordon, Kera Gordon, Jennifer Schorn, ” Schorn, Taylor Daniel, Schorn, Honda CRV, ” Gusciora, CNN’s Polo Sandoval, Matt Rourke, Jeff Dence, ”, Andre, Brian Fitzpatrick, carjacked, Josh Shapiro, we’re Organizations: CNN — Police, Police, Authorities, Honda, Falls Township Police, CNN, ”, Police Police, FBI, Pennsylvania State Police, Pennsylvania Locations: Pennsylvania, New Jersey, Falls Township, Falls, ” Trenton , New Jersey, Trenton , New Jersey, Trenton, Levittown , Pennsylvania, Bucks County, Edgewood Lane, Bristol Pike, Morrisville ., Philadelphia, ” Falls, Lower Bucks, selfishly

☆ James and Jennifer Crumbley were both found guilty. But they took different paths to get there
▼ + stars: | 2024-03-16 | by ( Eric Levenson | ) edition.cnn.com time to read: +9 min

Now, James Crumbley is on trial 06:15 - Source: CNNThe major difference in the trials was Jennifer Crumbley’s decision to testify in her own defense, while James Crumbley did not. On the stand, Jennifer Crumbley pushed blame onto her son, her husband and the school, and she expressed no regret for her actions. James Crumbley, meanwhile, declined to testify. Smith released a statement Thursday saying she and Jennifer Crumbley will not be doing interviews at this time. On the stand, Jennifer Crumbley testified she believed these texts were Ethan “messing around” as part of an ongoing joke about their house being haunted.

Persons: James Crumbley’s, Ethan, Jennifer, James, CNN’s Jean Casarez, Karen McDonald, “, ” McDonald, ”, James Crumbley, Jennifer Crumbley’s, Jennifer Crumbley, “ I’ve, Shannon Smith, Cheryl Matthews, “ That’s, ” James, Mariell Lehman, Smith, ” Smith, Lehman, can’t, Lol I’m, James ’, messaged, Ethan “, Edward Wagrowski, SIG Sauer, Derringer Organizations: CNN, Oxford High School, Sauer, SIG, WXYZ Locations: Michigan, Oakland County

☆ From Wall Street to Chicago, why stock exchanges ring bells
▼ + stars: | 2024-03-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +9 min

New York CNN —The New York Stock Exchange opens every workday morning at 9:30 am ET with the fast-paced bang-clang of a gleaming brass bell. The stock exchange, the largest in the world by market capitalization, has opened with sonic fanfare for more than 150 years. From Wall Street to the Nasdaq Exchange in Times Square to the Chicago Board Options Exchange, loud, ringing bells bookend each trading session. Stock exchanges say that the bell ringing remains both a critical guide and a ceremony that celebrates the market’s resilience through devastating lows and exuberant highs. The stock exchange had been closed since two hijacked commercial airliners were deliberately crashed into the World Trade Center's twin towers on September 11.

Persons: there’s, ”, Peter Asch, Reagan, Ronald Reagan, Serena Williams, Nelson Mandela, Richard Grasso, Henny Ray Abrams, David Howson, Scott Olson, Howson, Mark McCooey, Morgan Stanley, ” McCooey, Karen Snow, Brendan McDermid, Barbie, Barbie ”, “, Chris Hondros, Trudi Wagner, Wagner, Ronald Moser, Wagner That’s, Goldman Sachs, ” Wagner Organizations: New, New York CNN, The New York Stock Exchange, Nasdaq Exchange, Exchange, New York Stock Exchange, Jersey Shore, NYSE, Former South African, Getty, Cboe, yanks, Nasdaq, Microsoft, UN, United Nations, Bell, Warner Bros, Warner Bros ., World Trade Center, Trade Center, United, New York Stock, Trade, Dow Jones Locations: New York, Chicago, Jersey, Asch, AFP, York, Chicago , Illinois, New York City, America, United States, New Jersey, Manhattan, Charleston , South Carolina

☆ Does Having a Gun Make a Person Suspicious? Courts Aren’t Sure Now.
▼ + stars: | 2024-03-16 | by ( Karen Zraick | ) www.nytimes.com time to read: +1 min

The police said they had quickly arrested the man, Robert Homer, and found a loaded Glock pistol in his pocket. That made him ineligible for a gun license under federal law. The case is now in jeopardy after a federal judge in Brooklyn ruled on Feb. 5 that the police did not have probable cause to stop Mr. Homer. The case involving Mr. Homer is the latest test of gun laws in the state, where officials continue to grapple with how to square a legacy of strong gun control with the 2022 ruling. The judge in the state case, Abraham Clott, said he disagreed with the federal judge’s conclusion.

Persons: Robert Homer, Homer, Nicholas G, Garaufis, Garaufis’s, Abraham Clott Locations: Queens, Brooklyn, York, Manhattan

☆ A Shooter’s Parents Were Convicted of Manslaughter. What Happens Next?
▼ + stars: | 2024-03-16 | by ( Jacey Fortin | ) www.nytimes.com time to read: +1 min

When the prosecutor Karen McDonald decided to press criminal charges against the parents of the teenager who carried out the deadliest school shooting in Michigan’s history, even some members of her own staff expressed doubts, fearing the case was too ambitious to win. “It seemed a huge reach to try to hold the parents responsible,” said Linda C. Fentiman, a professor emerita at Pace University who is an expert in health law and criminal law. “This was new legal territory.”But in the end, prosecutors were able to convince two separate juries that they had met their burden of proof. The parents, Jennifer and James Crumbley, were both found guilty on four counts of involuntary manslaughter — one for each of the students who had been shot to death by their son at Oxford High School on Nov. 30, 2021. Now the question is whether the cases will affect the legal terrain around criminal law, parental responsibility and gun legislation.

Persons: Karen McDonald, ”, Linda C, James Crumbley Organizations: Pace University, Oxford High School

☆ 3 People Fatally Shot in Two Pennsylvania Township Homes, Police Say
▼ + stars: | 2024-03-16 | by ( Isabella Kwai | More About Isabella Kwai | ) www.nytimes.com time to read: 1 min

Three people were fatally shot on Saturday morning at two separate residences in Falls Township in Pennsylvania, according to the authorities, who said they have confined the gunman to a home in Trenton, N.J. The gunman, identified by the authorities as Andre Gordon, 26, drove a stolen vehicle and killed his 52-year-old stepmother, Karen Gordon, and 13-year-old sister, Kera Gordon, in Levittown, Pa., according to Jennifer Schorn, the Bucks County, Pa., district attorney. There were three other people, including a 14-year-old, in the home who hid as Mr. Gordon searched for them, Ms. Schorn said. Mr. Gordon then drove to a second nearby residence where he killed Taylor Daniel, a 25-year-old woman with whom he had two children, Ms. Schorn said.

Persons: Andre Gordon, Karen Gordon, Kera Gordon, Jennifer Schorn, Gordon, Schorn, Taylor Daniel Locations: Falls Township, Pennsylvania, Trenton , N.J, Levittown, Pa, Bucks County

British electronics chain Currys experienced more rejection Friday with Chinese online retailer JD.com walking away from a takeover race for the firm, just days after Elliott Investment Management did the same. In a brief statement Friday afternoon, JD.com said it would no longer pursue an offer for the Main Street brand, less than a month after entering the running. "JD.com today confirms that, following careful consideration, it does not intend to make an offer for Currys," it said. Currys shares plunged more than 10% on the announcement, before paring losses slightly. The electronics retailer, which operates more than 820 stores across eight countries, has become the subject of a possible takeover as it has struggled in the face of increased competition and depressed consumer spending.

Persons: JD.com, Currys Organizations: Elliott Investment Management Locations: London

LONDON (AP) — A top-of-the table English Women's Soccer League game with a crowd of nearly 33,000 suffered a delayed kickoff on Friday because the teams had matching socks. Arsenal turned up at Chelsea with the same-colored white socks, forcing referee Rebecca Welch to delay the start. ”This is a massive crowd, a massive game. People make mistakes but the game does not need this and it's frustrating. Photos You Should See View All 60 ImagesWSL leader Chelsea won 3-1.

Persons: Rebecca Welch, Chelsea megastore, ”, Karen Carney, “, Chelsea, ___ Organizations: Soccer League, Arsenal, Chelsea, Arsenal Women, Stamford Bridge, Nike, adidas, England, Sky Sports Locations: Stamford

☆ Biden’s 'billionaire tax' takes aim at the super-rich — but can a wealth tax work in reality?
▼ + stars: | 2024-03-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

This is about the wealthy contributing more ... the extremely wealthy contributing more and being proud to do that. "This is about the wealthy contributing more to the society, the extremely wealthy contributing more and being proud to do that," Phil White, retired business owner and Patriotic Millionaires co-signatory, told CNBC. But experts are divided over the effectiveness of a wealth tax, and its how achievable it is in reality. Data suggests that wealth tax accounts for only a very small proportion of total tax revenues in the countries where it has been applied. Data suggests that a wealth tax accounts for only a very small proportion of total tax revenues in the countries where it has been applied.

Persons: Joe Biden, Biden, Phil White, Abigail Disney, Brian Cox, Arun Advani, Advani, Christine Cairns, PwC, Tord Kolstad, Kolstad, Kolstad Eiendom Organizations: Patriotic, Patriotic Millionaires, CNBC, Scottish, University of Warwick Locations: Brazil, Europe, Switzerland, Norway, Spain, Colombia

☆ What is a wealth tax and can it work in reality?
▼ + stars: | 2024-03-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

The so-called wealth tax is a politically divisive economic policy, but one that is regaining attention amid rising inequality and shifting demographics. It follows an earlier G20 meeting, in which finance leaders explored plans for a global minimum tax on the world's 3,000 billionaires. Colombia, Scotland and the U.S. have all proposed wealth taxes in recent years, joining the likes of Switzerland, Norway and Spain in imposing taxes specifically on the super-rich. And even some of the world's wealthy are backing such calls. But can such a policy work in reality, and is it likely to take hold?

Persons: Joe Biden, Phil White Organizations: U.S, Patriotic Millionaires, CNBC Locations: Colombia, Scotland, Switzerland, Norway, Spain

☆ This overlooked corner of women's health could be a $350 billion market opportunity
▼ + stars: | 2024-03-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The management consultant estimates the global market potential to treat symptoms ranges from $120 billion to as much as $350 billion globally. "That would apply to women's health in general, and then specifically and acutely to menopause in particular." From 2002 to 2009, hormone therapy claims were reduced by more than 70%, a 2012 study showed. The clinical-stage biopharmaceutical company, which focuses on women's health, has an intravaginal ring hormone therapy that is set to progress to a single Phase 3 study. Last May, the Food and Drug Administration approved Tokyo-based Astellas Pharma's Veozah, also known as fezolinetant, to treat hot flashes.

Persons: Drew Barrymore, Naomi Watts, Anna Pione, Stephanie Faubion, Faubion, Karen Adams, Jefferies, Kaumil Gajrawala, Bayer, Progyny, Sasha Kelemen Organizations: McKinsey, Health, Mayo Clinic Center, Women's Health, Stanford University, Pfizer, Dare, Food and Drug Administration, Vistagen Therapeutics, Gennev, Midi Health, Leerink Partners Locations: U.S, Tokyo

☆ I'm a millennial mom who's visited 57 countries with my kids thanks to many income streams, including $4,000 a month blogging and extra cash from flipping homes
▼ + stars: | 2024-03-14 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

Karen Edwards has traveled to or lived in 57 countries with her husband and four children. AdvertisementThis as-told-to essay is based on a conversation with Karen Edwards, who blogs about her family's life abroad. Karen Edwards' son and the camper van they lived in. My kids played with Peruvian children — it was really, really special. AdvertisementKaren Edwards' husband and children.

Persons: Karen Edwards, —, I've, Edwards, Karen Edwards I've, It's, We've, it's, Karen Edwards ⁠, they've, we'll Organizations: Service, Sri Locations: Sri Lanka, Dublin, London, Abu Dhabi, London Borough, Croydon, Southeast Asia, Vietnam, Taiwan, Hong Kong, Malaysia, Indonesia, Singapore, Canada, Argentina, US, Mexico, Bahamas, Grand Cayman, Jamaica, Belize, Nicaragua, Guatemala, Costa Rica, Panama, Colombo, Peru, Bolivia, Europe, Central Asia

James Crumbley is set to be sentenced on April 9 at 9 a.m., the judge said in court. James Crumbley was shackled and escorted out of the courtroom after the verdict was read and affirmed by each juror. Nicole Beausoleil, the mother of Madisyn Baldwin, reacts to the jury's verdict in the trial of James Crumbley on March 14, 2024. In Michigan, a parent has a legal duty and James Crumbley did not meet that duty,” she said. “James Crumbley was presented with the easiest, most glaring opportunities to prevent the deaths of these four students, and he did nothing,” McDonald said.

Persons: James Crumbley, Crumbley, Ethan Crumbley, Jennifer Crumbley, ’, Nicole Beausoleil, Madisyn Baldwin, Bill Pugliano, Hana St, Juliana, Justin Shilling, Karen McDonald, “ James Crumbley, Mariell Lehman, “, James, ”, McDonald, Robin Buckson, Jennifer Crumbley’s, Jeff Kowalsky, Ethan, ‘, Craig Shilling, Justin Shilling’s, ” Shilling, Steve St, Hana, Buck Myre, Tate Myre’s, it’s, ” Myre, we’ve, Madisyn, ” Beausoleil, James Crumbley’s, Karen, SIG Sauer, Derringer, Prosecutors, Lehman, “ James, Shawn Hopkins, Tate Myre, ” McDonald, ” Lehman Organizations: CNN, Sauer, Oxford High School, Detroit, Prosecutors, Getty, Oxford, Mental, SIG, SIG Sauer, WXYZ, Oxford High, CNN Prosecutors Locations: Michigan, Oakland, AFP, United States, Hana St, Oxford , Michigan

☆ HSBC is 'very positive' about the future of China's economy, CFO says
▼ + stars: | 2024-03-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The Hong Kong observation wheel and the HSBC building in Victoria Harbour in Hong Kong. HSBC is "very positive" about the mid to long-term outlook for the Chinese economy despite current headwinds, the British bank's chief financial officer told CNBC. This prompted Beijing to ramp up its efforts to bolster manufacturing and domestic tech, in a bid to modernize its economy and remain globally competitive. "We're looking at major economic transition, which is taking place, which gives us very strong grounds to be very positive about the medium and long term outlook," Elhedery said. He suggested that China's economic maturity has reached such a stage that now is the "right time to transition into what more mature economies are."

Persons: Karen Tso, Georges Elhedery, Elhedery Organizations: HSBC, CNBC Locations: Hong Kong, Victoria Harbour, British, China, Beijing, London, Asia, Pacific

☆ Budweiser owner AB InBev slides 4% after trading suspension as Altria sells stake
▼ + stars: | 2024-03-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024. Shares of AB InBev, the world's biggest brewer, slipped more than 4% Thursday as trading resumed following a brief suspension amid emerging details of a sale by one of its major stakeholders. Trading of AB InBev resumed at 2 p.m. local time after details were released on the pricing of the share sale. AB InBev said it plans to buy back $200 million worth of shares. Altria said it planned to use the proceeds from the sale to fund additional share buybacks of its own stock.

Persons: Altria Organizations: InBev Budweiser, Bud Light, InBev, Trading, Belgium's Financial Services, Markets Authority, AB InBev Locations: Queens, New York, Belgian

Just_super | E+ | Getty ImagesThe European Union's parliament on Wednesday endorsed the world's first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment. President of the European Parliament, Roberta Metsola, described the act as trail-blazing, saying it would enable innovation, while safeguarding fundamental rights. "Artificial intelligence is already very much part of our daily lives. Born in 2021, the EU AI Act divides the technology into categories of risk, ranging from "unacceptable" — which would see the technology banned — to high, medium and low hazard. "The AI Act is not the end of the journey, but, rather, the starting point for a new model of governance built around technology.

Persons: Thierry Breton, Roberta Metsola, Dragos, Tudorache Organizations: Intelligence, Wednesday, EU, European, Union, Digital Markets, — U.S, Apple, Meta, Microsoft, Google, Nvidia Locations: Europe, Germany, France, U.S, India

☆ Aramco has been tasked with building things in the energy sector outside of oil: Analyst
▼ + stars: | 2024-03-11 | 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 EmailAramco has been tasked with building things in the energy sector outside of oil: AnalystKaren Young, senior research scholar at Columbia University's Center on Global Energy Policy, discusses Saudi oil giant Aramco's dip in profits and boost in dividends.

Persons: Karen Young Organizations: Aramco, Columbia University's Center, Global Energy, Saudi

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