KristalinaGeorgieva
Elon Musk feels "uncomfortable" growing AI technology at Tesla under current circumstances. The billionaire businessman - who is the CEO of Tesla Motors - has revealed that the current share structure of the electric car company makes him reluctant to turn it into a "leader in AI and robotics". In a lengthy post on X, Elon explained: "I am uncomfortable growing Tesla to be a leader in AI and robotics without having ~25 percent voting control. Enough to be influential, but not so much that I can’t be overturned. "Unless that is the case, I would prefer to build products outside of Tesla. You do...
BANG Showbiz English
Artificial intelligence is set to hit up to 60 per cent of jobs in developed countries. The grim prediction about the rapidly expanding technology was issued in new analysis by the International Monetary Fund. IMF’s managing director Kristalina Georgieva says in “most scenarios” AI “will likely worsen overall inequality”. Ms Georgieva added policymakers should address the “troubling trend” of AI to “prevent the technology from further stoking social tensions”. The IMF also said AI is likely to affect 40 per cent of overall jobs and around 60 per cent in advanced economies. Its findings echo a ...
BANG Showbiz English
*CNBC Exclusive: CNBC Excerpt: IMF Managing Director Kristalina Georgieva speaks with CNBC’s Sara Eisen on “Closing Bell” today about the need for more [fiscal stimulus](https://www.valuewalk.com/2020/09/decreasing-fiscal-stimulus-impact/) to close the gap between markets and the economy\.*Q2 2020 hedge fund letters, conferences and moreIMF Managing Director Kristalina Georgieva Says There’s A Disconnect Between Markets And The Real EconomyAll references must be sourced to CNBC.Kristalina Georgieva: It is less dire, but dire nonetheless. And the reasons is two. One, very effective central bank...
ValueWalk
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