AI era is a ‘seismic moment’ in tech we’ve not seen in a decade, top Meta exec says
Nicola Mendelsohn, head of global business group at Meta, reflected on her outlook for artificial intelligence in 2024.
Putin ‘precipitated virtually everything he sought to prevent’ with Ukraine invasion, Blinken says
Russia’s invasion of Ukraine has been a “profound strategic failure for Vladimir Putin,” U.S. Secretary of State Antony Blinken said at Davos.
UN chief calls for global risk management of AI, warns of ‘serious unintended consequences’
Speaking at the World Economic Forum in Davos, Switzerland, Guterres warned that the rapid development of AI could result in “serious unintended consequences.”
Trump’s potential return to the White House is a top conversation topic at Davos
Donald Trump’s potential reelection as president of the United States is very much part of the conversation at the World Economic Forum.
Tesla slashes car prices across Europe after similar cuts in China
Tesla cut prices for its Model Y cars in markets across Europe, not long after announcing similar price cuts for its Model 3 and Model Y cars in China.
UBS CEO says Swiss public ‘indoctrinated’ to worry about bank’s balance sheet
UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank’s balance sheet “are getting indoctrinated” by academics.
Markets getting ahead of themselves on rate cuts and risk being ‘self-defeating,’ ECB member says
“We are optimistic that in the end we have a return to inflation to 2% in 2025. But a lot needs to go well for that to happen,” Klaas Knot told CNBC Wednesday.
Davos 2024: Dimon discusses Zelenskyy meeting; Argentina’s leader urges elite to reject socialism
Political and business leaders continue talks at the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland, on Wednesday.
Russia mocks British efforts to support Ukraine; Blinken warns of ‘real problem’ if Kyiv gets no extra funding
The war in Ukraine is dominating conversations at the World Economic Forum in Davos this week, with warnings over war fatigue and funding.
CNBC Daily Open: The Fed’s rude awakening
Wall Street’s first day back after a long weekend, only to be rudely awoken by a reality check from a Fed official
