DIRS.INFO The most relevant business & tech news

☆ Zelenskyy's income fell drastically following Russia's invasion, new declaration reveals
▼ + stars: | 2024-01-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Ukrainian President Volodymyr Zelenskyy speaks with CNBC's Andrew Ross Sorkin at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. The Zelenskyy family income fell almost threefold between 2021 and 2022, according to the declaration on the presidential website. In particular, in 2021, the process of registering 22 trademarks, which began long before his election as President of Ukraine, was completed," the president's first-ever public declaration of income said. In 2022, the Zelenskyy family income fell to 3.7 million hryvnias due to the "temporary termination of lease agreements on the territory of Ukraine as a result of the beginning of Russia's full-scale aggression." The family's cash balance at the end of 2022 dropped by almost 1.8 million hryvnias, the declaration said, while its asset, real estate and vehicle ownership was unchanged over the two years.

Persons: Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Zelenskyy Organizations: EU Locations: Davos, Switzerland, Ukraine, Russia

☆ CNBC Daily Open: Big Tech earnings loom large
▼ + stars: | 2024-01-29 | by ( Sumathi Bala | ) 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. Tech layoffs surgeSilicon Valley's tech companies are slashing headcount at a rapid pace. Since the start of January, some 23,670 workers have been laid off from 85 tech companies, according to the website Layoffs.fyi. U.S. crude posted its best week, rising 6.27%, since Sept. 1, while the global benchmark was last up 6.35% for the week.

Persons: Dow, Jake Sullivan, Wang Yi, Brent, Kingsley Jones, Jevons, Tesla, Jones Organizations: Artificial Intelligence, Intel, Economic, CNBC, Nasdaq, Tech Locations: Davos, Switzerland, China, Taiwan Beijing, Taiwan, U.S

☆ Ukraine says there's no evidence for Russia's claim that dozens of POWs died in a plane crash
▼ + stars: | 2024-01-27 | by ( ) www.cnbc.com time to read: +4 min

The Russian Defense Ministry said Wednesday that missiles fired from across the border brought down the transport plane that it said was taking the POWs back to Ukraine. Local authorities in Belgorod, which borders Ukraine, said the crash killed all 74 people onboard, including six crew members and three Russian servicemen. Kyiv has neither confirmed nor denied that its forces downed a Russian military transport plane that day, and Russia's claim that the crash killed Ukrainian POWs could not be independently verified. An International Committee of the Red Cross spokesperson in Ukraine urged Russia on Friday night to return the bodies of any POWs who might have died in the plane crash. While Ukraine and Russia regularly exchange the bodies of dead soldiers, each trade has required considerable preparation, Vlasenko said.

Persons: Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Moscow, Kyrylo, Budanov, Mykola Oleshchuk, Oleksandr Vlasenko, Vlasenko, Vladimir Putin, Putin Organizations: Russian, Wednesday, Ukraine's, Staff, Kyiv, Russian Defense Ministry, Local, Social, International Committee, Red Cross, U.S, Free, Radio Liberty, Red Cross Media Locations: Davos, Switzerland, Ukraine, Russia, Ukrainian, Russia's Belgorod, Belgorod, Russian, Kyiv, Moscow, Free Europe, thoughtlessness, St . Petersburg

☆ Watch the full CNBC Leaders interview with World Bank President Ajay Banga
▼ + stars: | 2024-01-26 | 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 the full CNBC Leaders interview with World Bank President Ajay BangaCNBC's Sara Eisen sits down with World Bank President Ajay Banga for a CNBC Leaders interview from the World Economic Forum in Davos, Switzerland.

Persons: Ajay Banga, Sara Eisen Organizations: CNBC, World Bank, Economic Locations: Davos, Switzerland

☆ Ukraine begins EU accession talks; U.S. military aid hangs in the balance
▼ + stars: | 2024-01-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Ukraine formally started the screening process to begin talks over its future membership of the European Union on Thursday, President Volodymyr Zelenskyy said. In a post on X, the Ukrainian leader said he welcomed the start of "substantial preparations for Ukraine's EU accession talks" in Brussels, following an agreement reached with EU Commission President Ursula von der Leyen last week at the World Economic Forum in Davos, Switzerland. "The thorough work of assessing the conformity of Ukrainian legislation with EU norms, the formation of Ukraine's delegation, and our negotiating position are all ahead of us," Zelenskyy added. "I expect full engagement of Ukrainian government team and the first intergovernmental conference to be held already this spring." The White House said last week that the U.S. money supply to Ukraine has now run out, which could leave Kyiv ill-equipped to repel the Russian invasion.

Persons: Volodymyr Zelenskyy, Ursula von der Leyen, Zelenskyy, John Thune Organizations: European Union, EU, Economic, U.S, Republican, Reuters Locations: Ukraine, Brussels, Davos, Switzerland

BANGKOK (AP) — China’s leaders launched a barrage of new policies this week to prop up languishing financial markets and rekindle growth in the world’s second-largest economy. The moves to support lending and spending with billions of dollars of fresh cash gathered pace when the central bank cut bank reserve requirements and issued new rules to encourage banks to lend more to property companies. HOW IS THE CHINESE ECONOMY DOING? The Chinese economy grew at a 5.2% annual pace in 2023, exceeding the government's target, and many indicators including factory output and retail sales show signs of improvement. The moves to put more money into the economy and encourage bank lending might not go far enough, many analysts said.

Persons: —, Premier Li Qiang, ”, It's, Pan Gongsheng, ” Stephen Innes Organizations: State Council, Economic, People's Bank of China Gov, Management Locations: BANGKOK, United States, China, Premier, Davos, Switzerland, Hong Kong, Beijing

☆ Top business leaders bemoan archaic systems in Europe that are curbing climate solutions
▼ + stars: | 2024-01-26 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +2 min

Ester Baiget, the CEO of biosolutions firm Novozymes, said that "roadblocks" usually stand in the way of companies producing sustainable solutions which needed to be removed. watch nowMicrobes have been put forward as an alternative to reduce the use of chemical fertilizers, which contribute to greenhouse gas emissions. However, new microbial fertilizers need to go through regulatory approval before going to market. We need to rethink regulation in regions like Europe." Kadri also said there was a "lack of competitiveness in Europe," referring to the difficulties faced by her sector.

Persons: Lukas Schulze, Ester Baiget, Novozymes, Baiget, Steve Sedgwick, Ilham Kadri, Kadri Organizations: Getty, CNBC, Economic Locations: Bergheim, Germany, Davos, Switzerland, Europe

☆ China stock market: Calm returns after wild week but big challenges remain
▼ + stars: | 2024-01-26 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —It’s been a rollercoaster week for stocks trading in mainland China and Hong Kong. “For a sustained rally in China stocks, we think China will need to address the core of these concerns (predominantly property sector issues and US-China tensions),” the analysts added. In the 7 days to January 24, exchange-traded funds (ETFs) tracking Chinese stocks recorded large inflows of $12.6 billion, according to a Citi survey of global fund managers. Still, investors have been fleeing Chinese stocks over a much longer period because they are worried about the country’s economic prospects. The country is facing the prospect of a vicious cycle whereby lower demand leads to lower investment, lower production and lower income, thus causing even lower demand.

Persons: Hong Kong CNN — It’s, Hong, — haven’t, ” Nomura, “, Li Qiang, ”, Li Yunze, Pan Gongsheng, Florence Lo, HSI, Raymond Yeung, ” Yeung Organizations: Hong Kong CNN, Shanghai Shenzhen, ”, Shanghai Financial Exchange, Bloomberg, State, Supervision, Administration Commission, Administration of Financial, Reuters, People’s Bank of China, Citi, Enodo Economics, HSBC, Greater China, ANZ Research Locations: China, Hong Kong, Shanghai, United States, Beijing, Davos, Switzerland, Greater

☆ Shein rejects Amazon 'clone' talk as it prepares for U.S. listing
▼ + stars: | 2024-01-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Chinese-founded online retail giant Shein is not positioning itself as an Amazon "clone," the company told CNBC, as it prepares for a U.S. public listing later this year. But that expansion will vary from market to market, and skew heavily toward Generation Z — born between the late 1990s and early 2000s — and younger Millennial consumers, who were born between the early 1980s and late 1990s. "I don't see us an an Amazon clone per se," Pernot-Day said at the World Economic Forum in Davos, Switzerland. "So, product categories vary across these markets. But the core point is that being receptive and responsive to Generation Z, younger Millennial shoppers, is something that leads to growth," he added.

Persons: Peter Pernot, —, Inditex Organizations: CNBC, Economic Locations: U.S, Davos, Switzerland, The Singapore, Zara

☆ NATO vastly underestimated Russia's ability to resupply its army with troops and ammo, general says
▼ + stars: | 2024-01-25 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

NATO has vastly underestimated Russia's capabilities, a top general said. AdvertisementNATO has significantly underestimated Russia's capacity to replenish its armed forces with personnel and ammunition, a senior general said. AdvertisementIn September 2023, an unnamed Western official warned of Russia's ability to make two million artillery shells a year, per Reuters . And Christopher Cavoli, the commander of US European Command, said in April 2023 that despite significant losses in Ukraine, Russia's ground forces were bigger than when it invaded Ukraine. AdvertisementAs recently as Tuesday, NATO Secretary General Jens Stoltenberg said the war in Ukraine had become a "battle for ammunition."

Persons: Martin Herem, —, Herem, Sir Tony Radakin, Christopher Cavoli, Jens Stoltenberg, Volodymyr Zelenskyy, Zelenskyy Organizations: NATO, Bloomberg, Service, Estonian Defense Forces, Financial Times, UK Ministry of Defence, European Command, Congress, Davos, Business, Russian Federation Locations: Russia, Ukraine

☆ Intel stock sinks as early 2024 outlook comes up short
▼ + stars: | 2024-01-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Intel posted net income of $2.7 billion, or 63 cents per share, compared to a net loss of $0.7 billion, or 16 cents per share, last year. Intel CFO David Zinsner said in a statement that Intel had cut $3 billion in costs last year. Intel's Network and Edge department, which sells parts for carriers and networking, reported $1.5 billion in sales, down 24% from last year. Intel foundry services, its business making chips for other companies, remains nascent, with $291 million in revenue, a 63% annual increase.

Persons: Pat Gelsinger, Gelsinger, David Zinsner Organizations: Intel, Wall, Gartner, Nvidia, AMD, Taiwan Semiconductor Manufacturing Company, Intel's, Computing, Data Center, Edge Locations: Davos, Switzerland

☆ Will leaders stay focused on the green agenda? Watch CNBC’s Sustainable Future Forum from Davos 2024
▼ + stars: | 2024-01-25 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

CNBC's "Sustainable Future Forum" returned as a special event live from the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland. CNBC convened top policymakers and business leaders to evaluate the outcomes of COP28 and examine what needs to happen in 2024 to ensure pledges are upheld, and progress is made. This panel examines what needs to happen to stay on course. watch nowNavigating the Energy TransitionCOP28 climate summit reached a historic deal to transition away from fossil fuels but did the agreement go far enough? Guests on the panel included: Marco Alvera, CEO, TES Vaishali Sinha, co-founder, ReNew Alfred Stern, CEO, OMV Bold Baatar, CEO, Rio Tinto Copper Henrik Andersen, CEO, Vestas

Persons: Badr Jafar, Daniel F, Feldman, John Kerry, Biden Rachel Kyte, Sanda Ojiambo, Tania Bryer, Kofi Annan, Marco Alvera, TES Vaishali Sinha, Alfred Stern, OMV, Rio Tinto Copper Henrik Andersen, Vestas Organizations: Economic, CNBC, Crescent Petroleum, Business, Philanthropy, Conference of, UN, Partner, Staff, Initiative, Energy, TES Vaishali, Rio Tinto Copper Locations: Davos, Switzerland, Dubai, Covington, Rio

☆ AI deepfakes threaten to wreak havoc with the world's year of elections
▼ + stars: | 2024-01-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRecent advances in generative AI, spurred by OpenAI's ChatGPT , mean the technology is now a much bigger problem. In the UK, research by Fenimore Harper Communications found more than 100 deepfake video ads impersonating Prime Minister Rishi Sunak on Facebook. Though it's not clear exactly who is behind the deepfakes in the US and UK, the recent proliferation of AI means almost anyone with internet access and an AI tool can cause some havoc. Earlier this month, OpenAI unveiled its plans to prevent the misuse of AI ahead of this year's elections.

Persons: —, Ethan Mollick, OpenAI's ChatGPT, Joe Biden, Deepfake robocalls, Joe Biden's, Drew Angerer, Biden, Rishi Sunak, Leon Neal, Fenimore Harper's, Meta, it's, Mollick, OpenAI, Lisa Quest, Oliver Wyman, Spriha Srivastava Organizations: Service, Business, Voters, Wharton, NBC News, PLOS, Fenimore Harper Communications, Facebook, UK, Ireland Locations: Britain, India, Mexico, New Hampshire, Turkey, Malaysia, Philippines, United States, Davos

Political Cartoons View All 253 ImagesMicrosoft’s years-long relationship with OpenAI is the best known of the partnerships. Google and Amazon have more recently made multibillion-dollar deals with Anthropic, another San Francisco-based AI startup formed by former leaders at OpenAI. The European Union and the United Kingdom have already signaled that they might also scrutinize the relationship with Microsoft and OpenAI. Antitrust advocates welcomed the actions from both the FTC and Europe into the deals that some have derided as quasi-mergers. The companies have 45 days to provide information to the FTC that includes their partnership agreements and the strategic rationale behind them.

Persons: OpenAI, ”, Lina Khan, Khan, Microsoft didn't, Matt Stoller, Satya Nadella, Kara Swisher, Sam Altman, Nadella, “, ” Nadella, Altman’s, It’s, They’re, Kelvin Chan Organizations: Google, Microsoft, U.S . Federal Trade Commission, FTC, Anthropic, OpenAI, European Union, Antitrust, Big Tech, American Economic Liberties, “, Intel, Bloomberg, Economic Locations: San Francisco, United Kingdom, Europe, OpenAI, Davos, Redmond , Washington, Iowa, Switzerland, London

☆ UN's Usher highlights financing challenge for companies in green transition
▼ + stars: | 2024-01-25 | 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 EmailUN's Usher highlights financing challenge for companies in green transition"The money is starting to move away from the really non-green stuff but the real challenge is everything in between – some would say the '50 shades of green'," the head of the United Nations Environment Programme Finance Initiative, Eric Usher, told CNBC at this year's World Economic Forum in Davos, Switzerland.

Persons: Eric Usher Organizations: United Nations Environment, Finance, CNBC, Economic Locations: –, Davos, Switzerland

☆ These 'unusual' 4 traits helped Jeff Bezos grow Amazon into a $1 trillion company, says current CEO
▼ + stars: | 2024-01-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Jeff Bezos built Amazon into a tech behemoth and "everything store" that's now worth $1.6 trillion. Jassy, Bezos' longtime deputy, took the company's reins after the Amazon founder stepped down in 2021. "There aren't too many other bigger thinkers than Jeff Bezos," Jassy said, adding: "He always had a way of getting teams to think bigger." Jassy nonetheless touted Bezos' approach for inspiring great work from employees that helped fuel Amazon's success. "[Bezos] had a way of having really high standards, and then having everybody really stretch and aspire to those standards."

Persons: Jeff Bezos, Andy Jassy, Fortune, Bezos, GeekWire, Jassy, Jeff, You've, it'll Organizations: Economic, Amazon, Pacific Science Center, Web Services Locations: Davos, Switzerland

☆ Watch the full CNBC Leaders interview with UBS CEO Sergio Ermotti from Davos
▼ + stars: | 2024-01-24 | 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 the full CNBC Leaders interview with UBS CEO Sergio Ermotti from DavosUBS CEO Sergio Ermotti sits down with CNBC's Sara Eisen for a one-on-one interview from the World Economic Forum in Davos, Switzerland.

Persons: Sergio Ermotti, CNBC's Sara Eisen Organizations: CNBC, UBS, Davos UBS, Economic Locations: Davos, Switzerland

☆ A nationwide strike in Argentina poses major test to Milei’s economic ‘shock therapy’
▼ + stars: | 2024-01-24 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Argentina's largest labor union grouping on Wednesday is expected to hold a nationwide general strike to protest President Javier Milei's shock economic agenda. The strike represents a significant test for Milei, who has announced sweeping measures to deregulate Latin America's third-largest economy. "The general strike is more of a political test for the labour unions than for Milei," Jimena Blanco, head of Americas at risk consultancy Verisk Maplecroft, told CNBC via email. "Regardless of attendance, the strike caters to the unions' own support base and, at this stage, is not representative of wider social sentiment. However, it has the potential to grow in the future as the impacts of the economic shock plan become palpable."

Persons: Javier Milei, Javier Milei's, del Trabajo, Jimena Blanco, Verisk Maplecroft Organizations: Economic, Analysts, CNBC Locations: Davos, Switzerland, Argentina, Americas

☆ Iran's ‘brazen’ strikes around the Middle East send a message to Israel and the U.S., analysts say
▼ + stars: | 2024-01-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Fayaz Aziz | ReutersIran's recent missile and drone strikes on targets in three countries — Syria, Iraq and Pakistan — may not have been directly related to Israel's war in the Gaza Strip but they still revealed an intent to send a clear message, analysts told CNBC. Iraqi and Pakistani ministers vocally criticized the attacks, calling them a "violation" and vowing consequences. watch nowPakistan responded a day later, striking targets inside Iran that Iranian authorities say killed several people. They were also the first time Iran had deployed its military directly at any time since the Israel-Hamas war began. "There is an element of signaling to the United States and Israel by carrying out these strikes because they do showcase Iran's continued ballistic missile capabilities," Bohl told CNBC.

Persons: Fayaz Aziz, Ben Taleblu, we've, Ian Bremmer, Yemen's, Ryan Bohl, Bohl, Safin Hamid Organizations: Reuters, CNBC, ISIS, Foundation for Defense, Democracies, Washington D.C, Israel, Gaza, Hamas, Eurasia Group, Economic, Middle East, RANE Network, Iran's Revolutionary Guard Corps, AFP, Getty Locations: Iran, Tehran, Israel, Peshawar, Pakistan, Syria, Iraq, Gaza, Washington, Israeli, Iraq's Kurdistan, State, Iraqi, Davos, Lebanon, Hamas, Yemen, U.S, Red, United States, Kurdistan, Arbil

☆ Williams-Sonoma CEO Laura Alber: Supply chain headwinds we had during Covid have abated
▼ + stars: | 2024-01-24 | 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 EmailWilliams-Sonoma CEO Laura Alber: Supply chain headwinds we had during Covid have abatedWilliams-Sonoma CEO Laura Alber joins 'Squawk on the Street' from Davos to discuss the state of retail, whether there will be a bottoming in consumer spending, and what's driving the company's upside.

Persons: Laura Alber, Williams Organizations: Williams Locations: Sonoma, Davos

☆ SAP plans job changes or buyouts for 8,000 employees in restructuring plan
▼ + stars: | 2024-01-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

SAP CEO Christian Klein speaks at a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. SAP said on Tuesday that it aims to carry out voluntary buyouts or enable job changes for 8,000 employees as part of a restructuring program for 2024. SAP said it now expects 10 billion euros ($10.85 billion) in 2025 adjusted operating profit. That was above the consensus of 8.33 billion euros among analysts polled by LSEG. WATCH: SAP CEO says 2024 will be year AI moves from discovery to execution

Persons: Christian Klein, Klein, Jennifer Morgan, Bill McDermott, LSEG Organizations: Economic, SAP, Nasdaq, Adobe, Microsoft, Oracle Locations: Davos, Switzerland, German

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

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

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

☆ Premarket stocks: The world is a mess and Wall Street isn’t paying attention
▼ + stars: | 2024-01-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But geopolitical tensions are growing and Wall Street appears to be underestimating their potential impact on the global economy and markets. The United States and China are squabbling about trade, particularly high-powered AI chips that both believe carry consequences for national security. Less trade could mean lower supplies to meet demand — and that could be bad news for inflation around the world. Bank of America also gave geopolitical risk a top spot on its list of surprises that could affect markets in 2024. It’s the worst start to a year for Chinese stocks since 2016, when investors were ditching their holdings following a market crash in 2015.

Persons: ”, “, Jamie Dimon, dory, he’s, Anna Cooban, Laura He, Hong, Premier Li Qiang, Ken Cheung, Catherine Thorbecke Organizations: New, New York CNN, Dow Jones, Federal Reserve, BlackRock, Shipping, CNBC, Economic, Bank of America, Center for Strategic, International Studies, Apple, Google, Microsoft, Meta, Nvidia, “, Shenzhen Component, Premier, Mizuho Bank, MIT’s Computer, Artificial Intelligence Locations: New York, Russia, Ukraine, United States, China, Taiwan, Suez, Iranian, Pakistan, Iran, Europe, Asia, Drewry, Yemen, Davos, Switzerland, Wall, Shanghai, Shenzhen

☆ Bosses, here's how to get your employees using AI
▼ + stars: | 2024-01-23 | by ( Kylie Kirschner | Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Some 31% of organizations reported that employees are reluctant or even outright resistant to using AI, according to the Cisco AI Readiness Index. AdvertisementCompany leaders at the World Economic Forum told Business Insider there's one simple thing bosses can do: be clear about what you want to use AI for. Centoni suggests outlining the potential benefits of using AI and providing specific examples of how it might be used. Jeff Maggioncalda, CEO of Coursera, says it's important to explain to employees how AI might make their jobs better or more enjoyable. And over time, he says he expects AI to lead to both revenue growth and growth in the workforce.

Persons: —, Liz Centoni, Jeff Maggioncalda, Maggioncalda, Paul Knopp, Knopp Organizations: Service, Business, Cisco, Economic Forum, KPMG Locations: Davos

☆ 'It's really bad': China strategist warns of deflation and rock-bottom consumer confidence
▼ + stars: | 2024-01-23 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

BEIJNG, CHINA - NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. The economy here is bad, it's pretty ... it's really bad. In December, depressed prices for pork — which makes up around a fifth of China's CPI basket — heralded the possible advent of deflation. The decision comes amid infectious expectations among investment banks that China's economy will expand at a more sluggish pace in 2024. Despite this, the International Monetary Fund in November outlined a forecast for China's growth to slow in 2024 to just 4.6%.

Persons: Gao Zehong, it's, I've, Shaun Rein, CNBC's, Rein, Li Qiang, Li Organizations: Getty, China Market Research Group, CPI, People's Bank of China, Economic, International Monetary Fund Locations: BEIJNG, CHINA, Beijing, China, Davos, Switzerland

Search resuls for: "Davos"

25 mentions found