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Putin used his moment to speak at the one-day summit to give his answer to that question. That event stretched over two in-person days in Samarkand, Uzbekistan and featured a number of sideline meetings between attending leaders. India announced last month that its leaders’ summit would be held virtually, without specifying why. At last year’s SCO summit, Modi told Putin in “today’s era is not an era of war.”And India has its own friction with neighboring China. In May, Pakistani Foreign Minister Bilawal Bhutto Zardari became the most senior-level official to visit India in seven years, when he joined a SCO foreign ministers meeting.
Persons: Hong Kong CNN — Vladimir Putin, Narendra Modi, Putin, Wagner, , ” Putin, China’s Xi, Belarus ’ Alexander Lukashenko, Iran’s Ebrahim Raisi, ” Modi, Modi, Joe Biden, Xi, ” Xi, Biden, , Bilawal Bhutto Zardari, Yevgeny Prigozhin Organizations: Hong Kong CNN, Shanghai Cooperation Organization, SCO, Indian, India, China’s Foreign Ministry, India’s Ministry, External, CNN, Pakistani, Belarus Locations: Hong Kong, Moscow, Russian, Ukraine, Belarus, Russia, spreadheaded, China, India, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Eurasia, Tuesday’s, Iran, Beijing, Samarkand, New Delhi, Pacific,
CNN —When authoritarian Middle Eastern regimes feel threatened by their public, they often shut down the internet. Internet Society, a US-based non-profit organization that advocates for global internet access, last week released a new tool called NetLoss, which calculates the economic damage of government-imposed internet blackouts. After tracking global internet shutdowns in 2022, the organization found that countries in the Middle East and North Africa tightened restrictions on internet access over time. In the Middle East, internet shutdowns are correlated with authoritarian regimes, particularly during social unrest or conflict, Jones said. Neither country has ever imposed a complete internet shutdown, according to Internet Society, and both have a shutdown risk of under 10%.
Persons: , Marc Owen Jones, Hamad, Jones, Hanna Kreitem, Kreitem, ” Kreitem, , ” Jones Organizations: CNN, Internet Society, Rapid Support Forces, Bank, Society, Hamad Bin Khalifa University Locations: Libya, Egypt, Syria, Bahrain, Iraq, Algeria, Iran, US, East, North Africa, Sudan, Saudi Arabia, UAE, India, Ukraine
The inaugural Global Chess League (GCL), which got underway in Dubai on June 22, is the latest event to offer a new format for the game. The franchise-style format allows fans to follow teams, as well as players, and some of the game’s biggest stars are getting involved. “I think this is definitely something quite special,” grandmaster Magnus Carlsen, who is participating in the tournament, told CNN. Carlsen hopes the new league format will succeed in opening the game up to a new audience, an ambition matched by the GCL chairperson Jagdish Mitra. “I think it’s an opportunity for the sport of chess and its 600 million fans,” Mitra told CNN Sport.
Persons: it’s, Magnus Carlsen, Carlsen, Viswanathan Anand, Ian Nepomniachtchi, ” Carlsen, ” Magnus Carlsen, Ali Haider, Chess.com, Jagdish Mitra, , ” Mitra, It’s, Mitra Organizations: CNN, Global Chess League, , FIDE, Tech Mahindra, SG Alpine Warriors, Global, GCL, CNN Sport Locations: Dubai, Indian, Russian
Salesforce to invest $4 billion in UK on AI innovation
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +1 min
LONDON, June 29 (Reuters) - Salesforce (CRM.N) will invest $4 billion in its UK business in the next five years, the U.S. software company said on Thursday, thanks to strong demand for digital transformations and artificial intelligence. The company said the plan builds on a previous five-year injection of $2.5 billion it set out in 2018. Salesforce said it would work with the government to drive the next wave of digital transformation "in this new AI era." "A clear pro-innovation regulatory framework that compels safe and responsible use of AI is vital, and Salesforce is fully focused on bringing secure, trusted, enterprise ready generative AI to UK businesses," Salesforce UKI boss Zahra Bahrololoumi said. Earlier in June Salesforce blamed an uncertain U.S. economy and weaker demand from financial services and tech companies for its disappointing quarterly results.
Persons: Brad Smith, Rishi Sunak, Sunak, Salesforce, Zahra Bahrololoumi, Muvija, Sarah Young Organizations: U.S ., Activision Blizzard, NYSE, Thomson Locations: U.S, Britain, British
Data analytics can be a game-changer for helping businesses see potential outcomes and make decisions. Belsham said another achievement of data analytics is the removal of the possibility of human error. "With the way Alteryx functions, with the embedded auditing, it's almost self-governing." "Attracting — and retaining — talented staff at RSM has been given a huge boost by digital transformation and adopting a data analytics strategy," Herring said. Find out more about how the award-winning Alteryx Analytics Cloud Platform can help your business make intelligent decisions across the organization with automated, AI-driven insights.
Persons: Kevin Rubin, Paul Herring, Alteryx, Herring, It's, Sarah Belsham, Belsham, you've, clamoring Organizations: RSM, Finance, RSM International, Excellence, Technology, Insider Studios Locations: Alteryx
Information technology firms should benefit as the adoption of artificial intelligence increases. For instance, another subset of technology firms that could capitalize on the rise of automation enabled by AI, especially in the near term, includes information technology services vendors. Although this may be true, the analysts also noted that information technology firms have traditionally been quick to adapt to and adjust for technological advancements. 5 stocks poised to benefit from the rise of AIEven within the information technology industry, it's clear that not all firms are created equally. In the report, the analysts identified five information technology companies that are uniquely positioned to become key beneficiaries of rising artificial intelligence adoption.
Persons: Morgan Stanley Organizations: Nvidia, IT Services, Services
A new ETF is making a big bet on real estate and other hard assets. CBRE's Investment Management launched the IQ CBRE Real Assets ETF in May with the idea that it will deliver inflation protection in a rising interest rate environment. "The ETF market is lacking options in this space," the ETF's portfolio manager, Dan Foley, told CNBC's "ETF Edge" on Thursday. Plus, he noted that hard assets are crucial in enabling a digital economy in the first place. Since the IQ CBRE Real Assets ETF launched May 10, it's down almost 6%.
Persons: Dan Foley, CNBC's, Foley, decarbonization, it's Organizations: CBRE's Investment Management, ETF, New, Life Investments, Nextera Energy, Assets ETF Locations: Wall
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. is another wave of digital transformation, says Equinix CEO Charles MeyersCharles Meyers, Equinix CEO and president, joins 'Squawk on the Street' to discuss the appetite for use cases with A.I., where Equinix fits into the digital infrastructure landscape, and more.
Persons: Charles Meyers Charles Meyers, Equinix
Perspectives, ideas, community
  + stars: | 2023-06-21 | by ( ) www.businessinsider.com   time to read: 1 min
The role of chief marketing officer has never been more complex than it is today. Digital transformation, economic upheaval, societal change, and a fragmented media landscape are just some of the intricacies marketing leaders are confronting. CMO Insider convenes case studies, research, and personal perspectives, to inspire and inform CMOs and their teams as they build and grow their brands. Most Innovative CMOs 2023Our annual list of "Most Innovative CMOs" presents 25 top marketers who are confronting the industry's most complex challenges. Credits:Series Editors : Julia Hood, Ryan JoeReporters : Lauren Johnson, Lara O'Reilly, Michael KaminerDesign and Development : Alyssa Powell, Chay Thawaranont, Kazi Awal, Will Varner
Persons: Julia Hood, Ryan Joe Reporters, Lauren Johnson, Lara O'Reilly, Michael Kaminer, Alyssa Powell, Chay Thawaranont, Kazi Awal, Will Varner
Read the full memo Zhang sent to Alibaba employees:My fellow Aliren,Since becoming CEO of Alibaba Group in May 2015, it has become my custom to send several letters to everyone every year. In turn, the Alibaba board of directors has appointed Joseph C. Tsai to succeed me as Chairman and Eddie Yongming Wu to succeed me as Chief Executive Officer. Time flies, and this year marks my 16th year at Alibaba Group. My appointment as CEO and Chairman of Alibaba Group was beyond my imagination. Daniel ZhangAlibaba Group Chairman and CEOAlibaba Cloud Intelligence Group Chairman and CEO2023.6.20
Persons: Zhang, Alibaba, Joseph C, Tsai, Eddie Yongming Wu, Joe, Eddie, hopefuly, Daniel Zhang Alibaba, 2023.6.20 Organizations: CNBC, Alibaba Group, Cloud Intelligence, Cainiao Smart Logistics, Cloud Intelligence Group, Alibaba Locations: Alibaba
BEIJING, June 14 (Reuters) - China's industry minister met Siemens' (SIEGn.DE) chief executive on Wednesday and discussed intelligent manufacturing, digital economy development and the digital transformation of small and medium-sized enterprises, the ministry said. The minister, Jin Zhuanglong, said the Chinese government attaches great importance to promoting the deep integration of the digital economy, according to a statement from the ministry of Industry and Information Technology. Chief Executive Roland Busch said the company wants to further expand Siemens' investment in China, and further strengthen cooperation with China, according to the statement. Reporting by Beijing newsroomOur Standards: The Thomson Reuters Trust Principles.
Persons: Jin Zhuanglong, Roland Busch Organizations: Siemens, Industry, Information Technology, Beijing, Thomson Locations: BEIJING, China
Velocity Global is a B2B software company that helps businesses hire and pay global talent. Liz Li joined the company as chief product officer after a 12-year tenure at LinkedIn in September 2022 with the goal to “ruthlessly prioritize” efficiency. "Velocity Global has a very strong mission for simplifying work, and technology is a great way for us to actually achieve those goals." But Li believes tech should be viewed simply as a tool — not a save-all when resources are scarce, but a way to help teams work better, not harder. "We're able to discover bigger issues for us to tackle and where we should shift our resources," Li said.
Persons: Liz Li, , Li, Li's Organizations: LinkedIn, Morning, Velocity Global
The draft plan, which was presented at Kishida's top economic advisory panel on Wednesday, underscored the challenge for the leader, who is seen as a fiscal hawk, to strike a balance between economic growth and fiscal consolidation. The closely-watched policy framework will be approved by Kishida's cabinet this month, along with a separate action plan on his "new capitalism" agenda. "We will not abandon the flag of fiscal reform," Economy Minister Shigeyuki Goto told reporters after the panel's meeting. "There's no change to the government stance of striving to achieve a primary budget surplus in fiscal 2025," Goto added. The framework said the government will conduct a review of any progress of its fiscal reform in the fiscal year 2024 so as to create a medium-term economy and fiscal scheme.
Persons: Fumio Kishida's, Takahide Kiuchi, Shigeyuki Goto, Goto, largesse, Kishida Organizations: Nomura Research Institute, Liberal Democratic Party, LDP ₎, International Monetary Fund, Bank of Japan, Thomson Locations: TOKYO, Japan
Mike Lippert's Baron Opportunity Fund has beaten 92% of peers over the last decade. In the AI space, Lippert said he's bullish on Microsoft, Nvidia, and Amazon going forward. So he leaned into positions where he saw the most opportunity over the long term, especially Microsoft and Nvidia. But success is nothing new for Lippert and the Baron Opportunity Fund. AI stocks Lippert is betting onDespite their big returns so far this year, Lippert continues to like Microsoft (MSFT) and Nvidia (NVDA) over the next three-to-five-year period.
Persons: Mike Lippert's, Lippert, he's, Mike Lippert, , we've, it's, We've, OpenAI Organizations: Fund, Microsoft, Nvidia, Baron Opportunity Fund, NVIDIA, Lippert, Google
Now, with AI booming in popularity, revenue growth rates in the sector are poised to bottom — ultimately allowing for an inevitable bounce. The scope of these cloud developments goes beyond Amazon, Alphabet and Microsoft, touching on other names inside and outside the portfolio. It comes as macroeconomic headwinds have led many enterprises to rein in spending, translating into slower revenue growth for all three cloud-computing units. Alphabet's Google Cloud sales grew 28% year-over-year to $7.45 billion in the three months ended March 31 , compared with 44% in the first quarter of 2022. Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next '19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019.
Persons: There's, Salesforce, OpenAI, Embeddings, Amazon Piper Sandler, Piper Sandler, AMZN, Jim Cramer's, Jim Cramer, Jim, Sundar Pichai, Michael Short Organizations: Big Tech, Microsoft, Club, Nvidia, Web Services, Google, Clinic, Mayo Clinic, U.S, OpenAI, Government, Department of Defense, Department of Energy, Defense Department, Defense Technical, Bloomberg, CNBC, Google LLC, Getty Locations: San Francisco , California, U.S
On Wednesday, Google Cloud said Mayo Clinic is using a new service called Enterprise Search on Generative AI App Builder, which was introduced Tuesday. Google Cloud and Mayo Clinic signed a 10-year partnership in 2019. Mayo said at the time it selected Google Cloud to be the "cornerstone of its digital transformation." The partnership announced Wednesday is the first step in an expanded agreement between the two companies to work together on AI applications in health care. WATCH: CNBC's interview with Google Cloud CEO Thomas Kurian
Persons: Thomas Kurian, OpenAI, Mayo Organizations: Mayo Clinic, Google Cloud, Mayo, Google, Microsoft, Health Locations: U.S, Mayo
Ukraine hosted a drone-building competition to find new tech to use against Russia, CNN reported. The competition took place outside Kyiv and featured unmanned-drone makers from across the globe. "Every few weeks, we conduct various studies, see what is happening in this direction, look for new drone developers, study the results," Fedorov told CNN. Drones have been a major part of the war on both sides since Russia invaded Ukraine in February 2022. Fedorov told CNN that first-person-view drones have been a "game-changer" for Ukraine and that the country is also developing some longer-range drones.
Persons: , Digital Transformation Mykhailo Fedorov, Fedorov, Jake Epstein Organizations: Russia, CNN, Service, Ministry of Digital Transformation, Digital Transformation, Army Locations: Ukraine, Kyiv, Russia
“We call this one Vidsyich (Ukrainian word for ‘repel’).”The Vidsyich is what Borovyk calls a combat drone, designed to attack Russian positions. Valeriy Borovyk as his Vidsyich drone -- one of several he's developed -- is catapulted into the sky. Fedorov and Shchyhol observe a drone competition with the view of procuring more equipment for the Ukrainian military. Valeriy Borovyk's Vidsyich (Ukrainian for 'repel') drone can fly 40 km and carry a warhead with up to three kilograms. Vasco Cotovio/CNNOne longer-range Ukrainian drone is the UJ-22, made by Ukrjet and with a reported range of up to 800 kilometers (500 miles).
Persons: Borovyk, Vasco Cotovio, CNN Borovyk, , ” Borovyk, Digital Transformation Mykhailo Fedorov, ” Fedorov, Fedorov, , ” Denis Sega, Yuriy Shchyhol, ” Shchyhol, Serhiy Prytula, Borovyk's Vidsyich, Anton Gerashchenko, Putin Organizations: CNN, Moscow, Ministry of Digital, Digital Transformation, “ Army, Drones, Sega, country’s, Service of Special Communications, Kremlin, Twitter Locations: Ukraine, Russia, Crimea, Kyiv, Ukrainian, Brig, Moscow, Ilysk, Kuban
Drone maker Valeriy Borovyk told CNN that he's building "very stealthy" drones for Ukraine. He said the drones can be used to carry out surprise attacks on "very expensive" Russian equipment. He told CNN that his team is developing some long-range drones, as well. Drone maker Valeriy Borovyk told CNN that he calls the drones "Vidsyich," which is Ukrainian for "repel." "We mostly concentrate [our attacks] on very expensive [Russian] equipment," he told CNN.
Persons: Valeriy Borovyk, , James Patton Rogers, Mia Jankowicz, Digital Transformation Mykhailo Fedorov, Fedorov Organizations: CNN, Service, UK's Royal United Services Institute, University of Southern, Digital Transformation, Russia Locations: Ukraine, Ukrainian, Moscow, Russia, University of Southern Denmark
Palo Alto Networks (PANW.O), the largest player in the space by market share and valuation, will kick off sector earnings on Tuesday with what analysts polled by Refinitiv estimate to be a near 24% increase in quarterly revenue. Reuters GraphicsVendors that are a one-stop shop for cybersecurity solutions help their clients analyze security data better as well as integrate a variety of applications, optimize costs and improve risk management. Top cybersecurity providers Palo Alto Networks, CrowdStrike Holdings (CRWD.O) and Fortinet Inc (FTNT.O), which offer a range of services including cloud and identity protection, are set to benefit from the consolidation trend, said D.A. CrowdStrike and ZScaler Inc (ZS.O) are expected to report revenue growth of 39% and 45% when they report earnings on May 31 and June 1, respectively. Palo Alto Networks, Fortinet lead cybersecurity stocks in the past yearReporting by Vansh Agarwal, Samrhitha Arunasalam and Akash Sriram in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
The forecast is 22% higher than the S$8.19 billion annual net profit it achieved in 2022. Its ROE was 15% last year, while its CET1 ratio was 14.6%, according to its 2022 annual report. DBS said faster growth in capital-light high-ROE businesses such as wealth management, global transaction services and treasury market sales will help it achieves its goals. DBS aims to be among the top 10 private sector banks in India, projecting net profit to triple to around S$375 million by 2026, according to the slides. ($1 = 1.3245 Singapore dollars)Reporting by Navya Mittal in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.
PE firms represented more than half of the acquisitions in the advertising and marketing space in 2022. Insider identified 14 PE firms active in the advertising and marketing space over the past 12 months. Private equity interest in the advertising and marketing space is expected to remain strong in 2023, defying a global IPO market that's practically shut and a massive slowdown of strategic dealmaking. Representatives for the PE firms either declined to comment or didn't respond to requests for comment unless otherwise noted. Did we miss any other major PE deals in the advertising, marketing, and communications space from the last 12 months?
ChatGPT mixed up Japan's digital transformation minister with the country's prime minister. AI-powered products like ChatGPT are known to make errors, a point of concern for many experts. Japan's digital transformation minister, Taro Kono, says ChatGPT mixed him up with the country's prime minister. Japan's prime minister has been Fumio Kishida since 2021. Kono has never been the prime minister but was once seen as a favorite in the 2021 leadership race.
It has used the funds to purchase thousands of UAVs, and systems to hunt Russian drones. The Shahed Hunter system is a network of radars and signal jammers that can detect Russian drones from around 25 miles away, Fedorov said. It's unclear where, exactly, the Shahed Hunter systems have been used or how many times they have been deployed. But Fedorov noted that Ukraine needs more of the systems to defend against continuous waves of Russian drone attacks. On Sunday night alone, Ukraine's air defense systems shot down 35 drones — 30 of which targeted Kyiv, according to the country's defense ministry.
PWSC YTD mountain PowerSchool shares have fallen sharply since January, when they traded as high as $26.05. "For us, it's not a disruption from a negative perspective, it's actually phenomenal," he said, of the advancements in generative AI. Gulati expects generative AI will make it possible for PowerSchool to accelerate its goals to offer personalized learning plans. Still, PowerSchool shares are down 27% since the start of the year. Generative AI systems must be "trained" on data.
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