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May 24, 2024
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and that is not just here at viva tech what is your view with the hype on the a.i. cycle? >> like many technology innovations, there tends to be an extremely cycle of hype there is a lot of underlining value with blockchain and the metaverse. you recall that a couple of years ago. obviously, a.i. provides capabilities that have not yet been seen and they are very valuable the hype cycle has been valuable we will see the peak with the hype of a.i. and valuations and how it will disrupt every corner of our economic universe and personal lives i think there is something to it i think it is overhyped already. >> it is >> too many companies weighing in there will be a realization of the benefits of a.i. in many industries the hype is at all-time high right now. >> there has been pushback from industry with the disruption of a.i. with movie making and the use of something that seems similar to scarlett johansson's voice by openai. the use of content from major news sites to train the models what is the value of content at this point in time and how do we think about curbs in the
and that is not just here at viva tech what is your view with the hype on the a.i. cycle? >> like many technology innovations, there tends to be an extremely cycle of hype there is a lot of underlining value with blockchain and the metaverse. you recall that a couple of years ago. obviously, a.i. provides capabilities that have not yet been seen and they are very valuable the hype cycle has been valuable we will see the peak with the hype of a.i. and valuations and how it will disrupt...
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May 22, 2024
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at viva tech. we have a tech/media story to bring you back home, though. former republican presidential candidate vivek ramaswamy is taking a 7.7% stake in buzzfeed. this according to a new regulatory filing. you can take a look at the stock right there. ramaswamy saying that the digital media company was undervalued, seeking a meeting with the company's board, according to bloomberg. buzzfeed surging on that news. we should note that the company's market cap is below $500 million, about $100 million at this point of the ball game, once worth about $1.7 billion at the high. there were a number of big investors at one point including the parent company of this network, nbc universal. what vivek ramaswamy wants to do with buzzfeed we don't know yet. but an interesting move by somebody who is clearly made waves in the media and potentially wants to use buzzfeed in a similar way that so many other folks including the former president, president trump, has taken truth social. we'll see the future of buzzfeed, but a lot of folks buzzing this morning in tech and
at viva tech. we have a tech/media story to bring you back home, though. former republican presidential candidate vivek ramaswamy is taking a 7.7% stake in buzzfeed. this according to a new regulatory filing. you can take a look at the stock right there. ramaswamy saying that the digital media company was undervalued, seeking a meeting with the company's board, according to bloomberg. buzzfeed surging on that news. we should note that the company's market cap is below $500 million, about $100...
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May 23, 2024
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and other sectors as well with $50 billion for this session we have viva tech which was created a few years ago and now a huge success we have all of the a.i. players coming from all of the world i do believe that the tech industry is one of the key factors of transformation. innovation and growth creates a lot of opportunities for qualified and qualified people this is a big source of mobility in our society. >> unqualified people, too >> yes, both i spoke about this on this stage, but it provides a lot for existing businesses and provides qualified and unqualified jobs by transforming existing business and large caps. this is why i believe in the sector and i clearly believe that france should be one of the leaders in this field. we multiply ten in ten years for tech when you take the difference with the u.s. and europe, we are lagging behind the growth per kcapita is half i europe as in the u.s. as the path indicates the main driver is precisely the lack of innovation we have to do much better. this is the case france is leading the tech industry in europe we want to multiply partn
and other sectors as well with $50 billion for this session we have viva tech which was created a few years ago and now a huge success we have all of the a.i. players coming from all of the world i do believe that the tech industry is one of the key factors of transformation. innovation and growth creates a lot of opportunities for qualified and qualified people this is a big source of mobility in our society. >> unqualified people, too >> yes, both i spoke about this on this stage,...
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May 28, 2024
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that was what was being talked about by elon musk at the viva tech conference and his frustration with openai that he helped co-create and left. openai has created a board committee to value a security. it's a governance change after a top executive resigned. the company disbanded this internal team. we will break it all down. they are trying to make an effort they are about safety in alignment with humanity but he was almost born? >> that was one of the first things i noticed they said i may pose that sam altman is a member of the board. as well as a handful of current employees in consultation with outside people. it will be interesting to watch and see how these people work together and what kind of recommendations they come up with. we know the chief scientist involved in the ousting of sam altman disagreed with altman about safety related issues. ilya is gone along with his chief deputy. it's important to say that the company has had thoughts of safety, people working on safety across the company. this is an additional layer. ed: the timing is industry. two former members in an op
that was what was being talked about by elon musk at the viva tech conference and his frustration with openai that he helped co-create and left. openai has created a board committee to value a security. it's a governance change after a top executive resigned. the company disbanded this internal team. we will break it all down. they are trying to make an effort they are about safety in alignment with humanity but he was almost born? >> that was one of the first things i noticed they said i...
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May 23, 2024
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. >> that was elon musk speaking at the viva tech conference in paris. he discussed training ai models. . he was taking questions from attendees. the last question was about low cost ev's and the timeline, his commitment to doing that when his image froze because he said it was difficult for him to talk about publicly traded companies plans and he was not able to say anything more than that because of maybe technology. i want to bring in max chafkin has covered tesla, who has covered elon musk. it was interesting his image froze up right as he was about to enter the question because tesla omitted a previously stated goal to eventually sell 20 million vehicles a year from one of its yearly reports. we vote a story about that. i want to get context about how important it is this was omitted in the latest report. max: elon musk, the question cut out but he ducks this question in earnings calls as well. what is happening is the company has shifted from emphasizing selling huge numbers of cars. 20 million cars sold a year. that would be an enormous percentage
. >> that was elon musk speaking at the viva tech conference in paris. he discussed training ai models. . he was taking questions from attendees. the last question was about low cost ev's and the timeline, his commitment to doing that when his image froze because he said it was difficult for him to talk about publicly traded companies plans and he was not able to say anything more than that because of maybe technology. i want to bring in max chafkin has covered tesla, who has covered elon...
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May 21, 2024
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we are here in paris as ceos around the world descend here for something called viva tech. some news out just this morning, president macron traveling this evening where riots have been taking place, and it's a conversation coming up back home and here, and they shutdown tiktok in caledonia as a way to prevent the riots from growing, and now an issue here that has come to the fore in europe, and we will talk about that more in a bit. i want to check the futures before we head over to our good friend, dom chu. the s&p up about 500 points. becky, i will send it to you, and then you will send it to dom. >> becky, andrew, joe, we will start things off with the earnings, and the first was macy's and now its lowe's. just a little over 10,000 shares of volume. it reported better than expected profits and revenues, and it reported a drop in some locations and reaffirmed the full year's forecast. the results come as more diy customers are cutting back on projects, and growth among professional type of customers helped to offset the weakness in dyi. next, palo alto currently down abo
we are here in paris as ceos around the world descend here for something called viva tech. some news out just this morning, president macron traveling this evening where riots have been taking place, and it's a conversation coming up back home and here, and they shutdown tiktok in caledonia as a way to prevent the riots from growing, and now an issue here that has come to the fore in europe, and we will talk about that more in a bit. i want to check the futures before we head over to our good...
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May 24, 2024
05/24
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tech conference in paris yesterday he said he doesn't support president biden's recent announcement on a tariff on chinese-made electric vehicles separately reports this morning that spacex is now in early talks to sell shares at a price that would value the space startup at roughly $200 billion. that's up from an $88 billion valuation, just six months ago and the s.e.c. is clearing the way for a batch of new etfs that deal directly in ethereum, but trading expected to begin later this year. products -- through products offered by bloackrock, fidelity invest and more. we'll have more with jay clayton in a few minutes a landmark deal that could forever change college athletics. the ncaa and the five power conferences agreed to pay college athletes as part of a massive antitrust settlement it will include $2.7 billion in back pay damages to athletes dating back to 2016 and it also paves the way for revenue sharing plan that will allow each school from the five major conferences to pay up to $20 million per year to players. >>> let's get a check on the futures on this friday morning ri
tech conference in paris yesterday he said he doesn't support president biden's recent announcement on a tariff on chinese-made electric vehicles separately reports this morning that spacex is now in early talks to sell shares at a price that would value the space startup at roughly $200 billion. that's up from an $88 billion valuation, just six months ago and the s.e.c. is clearing the way for a batch of new etfs that deal directly in ethereum, but trading expected to begin later this year....
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May 23, 2024
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. >>> the viva tech conference kicked off where the leaders of tech firms are attempting to sell european regulators on the virtues of artificial intelligence. let's bring in live from paris, the co-anchor of "quack box" andrew ross sosorkin. you sat down for an interview with president macron. we will play a sound bite of that interview in a moment. first, andrew, what were your overall takeaways from the interview? >> reporter: we talked about a lot of things, including geopolitics, jobs, the idea of wealth and trying to create billionaires in paris. the criticism of wealth and inequality in this country. we got into a discussion about gaza. we got into a discussion about china and the relationship between the u.s. and china, which is an issue that joe and i have talked about before. i think the issue we will try to show a clip of has to do with how he is thinking about what would happen if a former president trump becomes the president again and how that might relate, for example, to the paris climate accord. >> let's take a look at that right now. >> i don't speculate on any elections
. >>> the viva tech conference kicked off where the leaders of tech firms are attempting to sell european regulators on the virtues of artificial intelligence. let's bring in live from paris, the co-anchor of "quack box" andrew ross sosorkin. you sat down for an interview with president macron. we will play a sound bite of that interview in a moment. first, andrew, what were your overall takeaways from the interview? >> reporter: we talked about a lot of things,...