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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
We should embrace rather than fear AI: Cohere CEO
  + stars: | 2024-01-19 | 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 EmailWe should embrace rather than fear AI: Cohere CEOAI should be regulated by the existing regulators of each sector, Aidan Gomez, the co-founder and CEO of Cohere, told CNBC's Arjun Kharpal at the World Economic Forum in Davos, Switzerland.
Persons: Aidan Gomez, CNBC's Arjun Kharpal Organizations: Economic Locations: Davos, Switzerland
"Sonic is reviving," Utsumi told CNBC's Arjun Kharpal, alluding to the success of the Sonic the Hedgehog adaptations in the box office. It comes as Sega is set to launch a new Yakuza game, Like a Dragon: Infinite Wealth, next year. watch nowSega recently launched the latest iteration of its Yakuza game. Collectively, the Yakuza game series has sold 21.1 million units since its debut in 2005, according to Sega. Buying more studiosSega is also on the hunt for more acquisitions as it seeks to expand its ownership of gaming studios, Utsumi said.
Persons: Shuji Utsumi, Utsumi, CNBC's Arjun Kharpal, Sega Sammy, that's Organizations: Paramount, CNBC, Summit, Sega, Rovio, Angry Birds, PlayStation, Nintendo, Sony, Microsoft Locations: Libson, Portugal, lockdowns, Japan
watch nowThe boss of Google DeepMind pushed back on a claim from Meta's artificial intelligence chief alleging the company is pushing worries about AI's existential threats to humanity to control the narrative on how best to regulate the technology. "If your fearmongering campaigns succeed, they will *inevitably* result in what you and I would identify as a catastrophe: a small number of companies will control AI," LeCun said on X, the platform formerly known as Twitter, on Sunday. I also know that producing AI systems that are safe and under our control is possible. "Then there's sort of the misuse of AI by bad actors repurposing technology, general-purpose technology for bad ends that they were not intended for. "And then finally, I think about the more longer-term risk, which is technical AGI [artificial general intelligence] risk," Hassabis said.
Persons: Google DeepMind, CNBC's Arjun Kharpal, Hassabis, DeepMind, Yan LeCun, Sam Altman, Dario Amodei, LeCun, Yan, That's, Meta Organizations: Google, CNBC, Cooperation, China
China's tech giants may be reeling from the regulatory clampdowns imposed by the government, but they still have "a lot of value," according to veteran analyst Dan Ives. "I think [for] China tech, there's a lot of value there when you look at Baidu , JD , Tencent and others. Because of China's regulatory restrictions, more institutional investors in Asia are focusing on U.S. tech instead, Ives added. It has a target price of $168 for Baidu — giving it around 56% potential upside from its Oct. 25 close — and $38 for JD.com, or around 50% upside. HSBC has a 425 Hong Kong dollar ($54.34) price target on Tencent, giving it an upside of around 48%.
Persons: Dan Ives, Tencent, that's, CNBC's, Ives, Goldman Sachs, — CNBC's Arjun Kharpal Organizations: Baidu, JD, Wedbush Securities, HSBC, Hong Kong, Hong Locations: China, Asia, British, Hong Kong
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft and Alphabet earnings: The key takeaways on cloud and AICNBC's Arjun Kharpal breaks down the Microsoft and Alphabet earnings for the third quarter of the year, as both companies bet on AI for the future.
Persons: CNBC's Arjun Kharpal Organizations: Microsoft
Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission, the company's chief legal officer, Paul Grewal, told CNBC. The SEC was recently dealt a major court setback when a judge ruled that the regulator had no basis to deny digital asset management Grayscale's bid to turn its huge GBTC bitcoin fund into an ETF. The SEC last week declined to appeal that ruling by a key deadline, likely paving the way for a bitcoin-related ETF to be approved in the coming months. "I think that the the firms that have stepped forward with robust proposals to our for these products and services are among some of the biggest blue-chips in financial services," Grewal added. But, Grewal said, it's likely now that the regulator will approve a bitcoin ETF soon, highlighting the regulator's failure in court to block Grayscale from converting its GBTC bitcoin fund into an ETF.
Persons: Coinbase, Paul Grewal, Grewal, CNBC's Arjun Kharpal, it's Organizations: U.S . Securities, Exchange Commission, CNBC, SEC Locations: U.S
If and when it is approved, Coinbase will have a universal "MiCA license" in Ireland, which it can then use to "passport" its services into Germany, France, Italy, the Netherlands and other EU countries. The rules will allow crypto companies to use one license in one country to operate across all 27 EU member states. Currently, Coinbase has an electronic money institution license and virtual asset service provider registration in Ireland; a crypto license in Germany; and national registrations in other EU member states including Italy, the Netherlands and Spain. Paul Grewal, Coinbase's chief legal officer, said that progress has been "slower" than he'd like when it comes to achieving crypto regulation in the U.S. "We're now seeing in court cases real questions being asked about the U.S. approach to crypto regulation and in particular securities regulation," he said.
Persons: Coinbase, Nana Murugesan, we've, Murugesan, Paul Grewal, isn't, Grewal, CNBC's Arjun Kharpal — Organizations: Getty, European Union, CNBC, Central Bank of Ireland, EU, U.S . Securities, Exchange Commission, SEC Locations: Crypto, Dublin, Ireland, Germany, France, Italy, Netherlands, Spain, U.S, San Francisco, United States, Central, Northern, Western Europe, North America, Europe, headcount
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK clears Microsoft's $69 billion acquisition of Activision BlizzardThe U.K. Competition and Markets Authority approved Microsoft to go ahead with its proposed $69 billion acquisition of Activision Blizzard, clearing the way for the deal to close globally. CNBC's Arjun Kharpal reports.
Persons: CNBC's Arjun Kharpal Organizations: Activision, Competition, Markets Authority, Microsoft, Activision Blizzard
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK regulator refers Amazon and Microsoft for a competition probe into cloud computingU.K. regulator Ofcom has raised concerns about competition in the country's cloud computing market, focusing on the dominance of Amazon and Microsoft. CNBC's Arjun Kharpal reports on what happens next.
Persons: CNBC's Arjun Kharpal Organizations: Microsoft, Ofcom
Japanese carmarker Nissan announced Monday that all new models it launches in Europe will be fully electric, as it reaffirmed its aim for solely electric vehicle sales on the continent by 2030. "There is no turning back now," Makoto Uchida, Nissan president and CEO, said in a statement. Globally, Nissan plans to launch 27 electric and hybrid vehicles, which includes 19 all-electric models, by 2030. Nissan partner Renault , as well as rivals Ford and Stellantis, have all announced plans to make their European passenger ranges fully electric by 2030. In China, he said the company would look to launch cars more quickly and launch new models targeting specific consumers.
Persons: Makoto Uchida, Lisa Brankin, Uchida, CNBC's Arjun Khapal Organizations: Nissan, EV, Renault, Ford, Sunderland, Nissan Design Locations: Europe, Sunderland, London, China
Arm rally continues after IPO
  + stars: | 2023-09-15 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArm rally continues after IPOArm shares were higher in pre-market trade on the day after its debut on the Nasdaq, CNBC's Arjun Kharpal reports.
Persons: Arjun Kharpal Organizations: Nasdaq
All the details of the ARM IPO as it prepares to list
  + stars: | 2023-09-14 | 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 EmailAll the details of the ARM IPO as it prepares to listCNBC's Arjun Kharpal breaks down the details of the Arm IPO including pricing and valuation.
Persons: Arjun Kharpal Organizations: ARM
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia vs. Arm: What's the difference between the two companies? CNBC's Arjun Kharpal breaks down the difference between Arm, which is gearing up for an IPO this week, and chipmaker Nvidia.
Persons: CNBC's Arjun Kharpal Organizations: Nvidia
Qualcomm Inc. President and CEO Cristiano Amon speaks during the company's press event for CES 2022 at the Mandalay Bay Convention Center on January 4, 2022 in Las Vegas, Nevada. The CEO of U.S. chip giant Qualcomm thinks artificial intelligence could give the smartphone market a fresh lease on life. "The [Snapdragon] Summit is going to be around incredible use cases that we're seeing from our OEMs [original equipment manufacturers] and phones and ... could create a new upgrade cycle for phones." Smartphone sales have depreciated this year as consumers have gotten a lot more cost-conscious. In 2022, global smartphone sales tumbled 11.3% year-over-year to 1.21 billion, the lowest level since 2013, according to data from market research firm IDC.
Persons: Cristiano Amon, CNBC's Arjun Kharpal, Amon Organizations: Qualcomm Inc, Mandalay Bay Convention, CES, Qualcomm, Summit, IDC Locations: Mandalay Bay, Las Vegas , Nevada
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia earnings recap: The numbers, China and new productsCNBC's Arjun Kharpal recaps Nvidia's blockbuster earnings for the June quarter, which smashed expectations.
Persons: Arjun Kharpal Locations: China
Yves Guillemot, CEO and co-founder of Ubisoft, speaks at the Ubisoft Forward livestream event in Los Angeles, California, on June 12, 2023. Shares of French game maker Ubisoft popped 9% in Europe trading Tuesday after Microsoft submitted a new deal for the takeover of Activision Blizzard to try and appease wary U.K. regulators. The U.K.'s Competition and Markets Authority confirmed it blocked the original $69 billion deal that Microsoft first put forward in January 2022. Instead, these rights will be divested to Ubisoft before Microsoft's acquisition of Activision Blizzard. Ubisoft offers cloud games on services like Amazon Luna and Nvidia 's GeForce Now, which compete with Microsoft's Xbox streaming service.
Persons: Yves Guillemot, Brad Smith, Tom Clancy's, Smith, CNBC's Arjun Kharpal Organizations: Ubisoft, Microsoft, Activision Blizzard, Markets Authority, CMA, Activision Blizzard PC, Activision, Amazon, Nvidia Locations: Los Angeles , California, Europe, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft offers to sell cloud streaming rights to Activision games to Ubisoft to seal takeover with U.K. regulatorMicrosoft has submitted a new takeover proposal for Activision Blizzard to the U.K. Competition and Markets Authority. Under the revised deal, Microsoft will transfer the cloud streaming rights for all current and new Activision PC and console games released over the next 15 years to Ubisoft. CNBC's Arjun Kharpal reports.
Persons: CNBC's Arjun Kharpal Organizations: Microsoft, Activision, Ubisoft, Activision Blizzard, U.K, Competition, Markets Authority
SoftBank reported a surprise loss in the first quarter covering April-June, despite an investment gain from its massive tech-focused Vision Fund. Here's how the company did:The SoftBank group reported a net loss attributable to owners of the parent of 477.6 billion yen ($3.3 billion). The tech conglomerate, which engages in venture capital investing through its Vision Fund, has had its fair share of ups and downs. The brainchild of founder Masayoshi Son, SoftBank's Vision Fund comprises Vision Fund 1 and Vision Fund 2 and invests in high growth stocks. Misra was instrumental in the early days of the Vision Fund, which was launched in 2017.
Persons: SoftBank, GoTo, Masayoshi Son, Son, Yoshimitsu Goto, Rajeev Misra, Misra, — CNBC's Arjun Kharpal, Sheila Chang Organizations: Vision Fund, Vision, Silicon, Nvidia Locations: Alibaba, Indonesian, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSuper Mario and Zelda help Nintendo post bumper June quarter earningsNintendo posted a 50% surge in its June quarter revenue, backed by the success of the Super Mario Bros. Movie and the latest Zelda game for the Nintendo Switch console. CNBC's Arjun Kharpal breaks down the numbers
Persons: Mario, Zelda, Super Mario, CNBC's Arjun Kharpal Organizations: Nintendo, Super, Super Mario Bros
AMD looks to ramp up A.I. chip to rival Nvidia
  + stars: | 2023-08-02 | 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 EmailAMD looks to ramp up A.I. chip to rival NvidiaCNBC's Arjun Kharpal breaks down AMD's second-quarter earnings and the company's big play in the artificial intelligence space with its latest chip.
Persons: Nvidia CNBC's Arjun Kharpal Organizations: Nvidia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Republican lawmaker accuses FTC Chair Lina Khan of harassing Twitter under MuskFederal Trade Commission Chair Lina Khan was grilled by lawmakers during a House Judiciary Committee oversight hearing. CNBC's Arjun Kharpal reports.
Persons: Lina Khan, CNBC's Arjun Kharpal Organizations: U.S, Republican, Musk Federal Trade
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK regulator extends deadline for Microsoft-Activision dealThe U.K. Competition and Markets Authority extended the deadline to conclude the probe into Microsoft's takeover of Activision by six weeks. CNBC's Arjun Kharpal explains why and weighs in on what could happen next.
Persons: CNBC's Arjun Kharpal Organizations: Microsoft, Activision, Competition, Markets Authority
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRipple gets partial win against SEC as XRP deemed not a security in some casesRipple got a partial win against the U.S. Securities and Exchange Commission in court as a judge ruled that XRP is not a security in some cases. CNBC's Arjun Kharpal discusses what this means for Coinbase, which is currently in a legal battle with the SEC.
Persons: CNBC's Arjun Kharpal Organizations: SEC, U.S . Securities, Exchange Commission
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat are gallium and germanium, and why is China restricting their exports? Companies looking to export gallium and germanium from China now require a license to do so, under new rules introduced by Beijing. These metals are key to technologies like semiconductors. But how big of a deal are China's new restrictions? CNBC's Arjun Kharpal reports.
Persons: Arjun Kharpal Organizations: Companies Locations: China, Beijing
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