good morning.
I'm attending Fortune Brainstorming AI in London this week. There, participants experience an amazing array of activities driven by the latest advances in data technology. Create a video with AI, complete Beethoven's 10th Symphony, build a winning sports team, remake it, and more. finance etc. I moderated a panel discussion on the future of work with Jamie Teevan, chief scientist at Microsoft, and Lan Guan, chief AI officer at Accenture. (Accenture is our founding partner in Brainstorming AI.) Excerpts:
“There are mostly two ways companies deal with disruption. One is to be more efficient, to do things really well.And the other thing is innovation.—To find ways to do new things. We're basically looking at both. Efficiency is easier. But innovation is the real opportunity. ”
—Jaime Teavan
“My personal belief is that the skills that humans are truly good at are:—Communication skills, empathy, analytical thinking, structural thinking, etc.—These are cognitive skills that AI is not yet very good at. So I think we need to allow humans to focus on these kinds of skills in their daily work. ”
—Languan
I also spoke to Palantir's head of UK defense operations, Guy Williams, about last weekend's extraordinary attack on Israel, in which more than 300 drones and missiles were shot down before they could hit their targets. Williams said the defense sector has undergone significant changes from “not just 10 years, but four, even three years ago.”
“With computer vision, we can take a 2 km x 5 km image and identify in less than a second everything that might be of interest to the user, including whether it has been modified or recognizable. Historically, it may have taken analysts hours to get to that point.”
my friends luck Executives also took to the stage to announce new products scheduled to launch in June in partnership with Accenture. luck reporters, and ultimately luck Users have access to our deep content and data insights using generative AI. Learn more about.
Separately, I wrote yesterday that this week and next I'd be sharing quotes from CEOs about why. luck It continues to be important to them in today's world. This is a comment from GM CEO Mary Barra.
“The pace of change in today's world is accelerating in ways that would have been unimaginable five years ago, thanks to the rapid development of many forms of technology, including AI. One thing remains the same: luck. luck It is not only an important source of today's news, but also a predictor of future news and trends. ”
Please see the news below for more information.
alan murray
@alansmurray
alan.murray@fortune.com
top News
Relationship between TikTok and China
Former TikTok employee talks luck Despite TikTok's attempts to assure U.S. politicians that it operates independently, they said it continues to work with its Chinese parent company ByteDance. One senior data scientist said the company shared U.S. user data with ByteDance employees in China, perhaps to gain insight into what types of videos are most popular in a particular region. The US Senate is considering a bill that would ban TikTok unless ByteDance sells its platform. luck
Tesla's sales slump
Tesla's share of the U.S. electric vehicle market has shrunk to 51% from 62% at the beginning of 2023, according to Kelley Blue Book. Tesla's competitors, including legacy brands like Hyundai and Ford, are gaining market share even as the overall EV sector slows. On Monday, Tesla announced: lay off 10% of that employee. new york times
“Stingy economy”
China's Gen Z consumers are looking to save money as the economy slows and youth unemployment remains high. Phrases like “stingy economy” are now buzzwords on Chinese social media, with young Chinese looking for deals on online platforms like Xiaohongshu, like Instagram.New change: Chinese youth prefer to buy domestic productsrather than foreign brands. nikkei asia
around the water cooler
Most companies are unable to make significant changes because of these critical talent mistakes. Written by Paige McGloughlin
Sky-high mortgage rates aren't the only thing weighing on homebuyers: nearly 8 in 10 sellers regret missing out on the hottest market in decades, study finds It turns out that Written by Alena Botros
Experts say AI won't lead to mass layoffs of workers anytime soon: 'Look at what happened when fully self-driving cars were promised' Written by Christian Hetzner
Lacking access to mainland Chinese investors, Hong Kong crypto ETFs will be 'two cents' compared to US versions Written by Niamh Lowe
Commentary: The United States is mirroring China's technology protectionism and reversing decades of free trade.Here's why this is bad news for U.S. leadership Written by Ed Buzytova
Europe lags behind in generative AI, with the US light years ahead.But the race has just begun By Pratana Prakash and Alex Wood Morton
THis edition of CEO Daily is curated by Nicholas Gordon.
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