Good morning of Park City, Utah, where we are day 2 of Fortune Brainstorm Tech, directed by my colleague Andrew Nusca. We will cover conversations on our different channels and you can join us via Livestream here.
As journalists, of course, many of our conversations are in the file because our goal is to share ideas and news with readers like you. But I appreciate more and more the value of the rallies outside the records, where we bring together the managers to connect with shared interests and speak frankly about what is really going on. These events are crucial to establishing confidence, helping us to understand the stories we are missing and to create a village green so that the leaders connect with us and between them.
The CEO of Qualtrics, Zig Serafin, and I cohossed such a dinner on Sunday evening for 15 CEOs in a magnificent outdoor location on Gracie farmA horses rescue in Wethip, Utah. This is one of the many Fortune The dinners of the CEO initiative that we organize across the country and – I hope – we will take it in other parts of the world. The CEO of Enterprise Mobility, Chrissy Taylor, organized a recent dinner at home in St. Louis and the president of Qxo, Brad Jacobs, will welcome one in Greenwich, Connecticut, next month.
It was a diverse group of leaders from all over the country. While the conversation itself was off, I asked Serafin to share some take-out of the evening. Here are some protruding facts that he shared with me:
Optimism around AI was contagious, and it is not only the media threw. It is a question of adopting a pragmatic approach to solve real problems, one at a time. Although many investments do not yet give results, in places where AI works, it helps organizations to connect with people better. It is an incredible opportunity.
Confidence is the new innovation currency, especially with AI. Its adoption will only succeed if it deepens confidence with customers and employees. This means using data responsible for it and establishing deeper connections, which is more important than ever than consumers treat higher prices and new economic reality. This is also where the greatest potential of AI are: by automating predictable / rudimentary tasks, we can trigger human creativity to focus on building more man -centered experiences. In a secondary note, it is at the heart of what quality does by helping organizations to understand deeply and to improve the human experiences of their customers and employees.
Even in the midst of global changes such as prices and the evolution of commercial dynamics, there is a powerful optimism. Table leaders have seen a new era of globalization where countries are collaborating on innovation and new investment opportunities are emerging.
Serafin has shared another point to remember that really resonates with me: how important it is to be deliberate on the way we spend our time … on what is deeply useful, significant and what ultimately feeds the soul. I feel a growing desire among the leaders I meet to connect as human beings and take up challenges that matter. If you want to join these conversations or if you want to know more about the CEO initiative, contact my colleague Sarah World in [email protected]. I will have more information from Brainstorm Tech tomorrow.
Contact the CEO every day via Diane Brady in [email protected]
Top news
Murdoch Empire will go to Lachlan
A dramatic legal battle in which the 94 -year -old media tycoon, Rupert Murdoch, tried to change irrevocable confidence to prohibit his more liberal children from the majority control of Fox News and Wall Street Journal a colony of several billion dollars This leaves the outlets in the hands of his conservative son, Lachlan Murdoch. The brothers and sisters of Lachlan will receive more than a billion dollars each for giving up the control of the company.
The oil and gas industries lose thousands of jobs
A long period of low prices for crude oil has led Chevron, BP, Conocophillips and other to chop thousands of jobs in oil and gas operations, FT reports.
Hyundai deportation of rock companies with American operations
The view of hundreds of South Korean workers employed in a Hyundai factory carrying channels before being expelled has triggered a wave of legal demands within multinational companies that send workers to the United States “customers flood our reception boxes”, Matthew Dunn of the HSF Kramer law firm, said to FT. “They ask if the head office should be worried, they ask if their American managers are in danger, and they wonder if their foreign national population here on visas sponsored by work will be targeted by [the] government.”
ASML INVESTMENT VALUE MISTRAL AI at $ 14 billion
Dutch chip manufacturer ASML has invested 1.3 billion euros in French company Mistral AI. The funding is valued the company at $ 13.8 billion. Other Mistral investors include NVIDIA, DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures and Lightspeed.
Climbing of the ramp
In just six years, Ramp has quickly become A company of $ 22.5 billion and a ski-fry in venture capital thanks to its corporate credit cards which rational processes such as spending reports and strongly look at AI. Can the company support its growth?
Kenvue’s actions fall on the accusation of Tylenol
Actions of the parent company of Tylenol Kenvue denied Up to 6% on Monday as the media announced that the secretary of health and social services Robert F. Kennedy Jr. was preparing to link the use of prenatal tylenol to autism in a future report. The company maintains that there is no causal link between the prenatal use of tylenol and the development of autism.
Morgan Stanley analyst: we go from “a hilly recession”
A note published By Mike Wilson, the strategic of American actions of Morgan Stanley, Mike Wilson, argues that “the economy has been much lower for many companies and consumers in the past 3 years than what reigning economic statistics such as GDP or nominal employment suggest.” Wilson also argues that the report on the poor jobs last week signals the movement “from a rolling recession to a rolling recovery”.
Epstein’s “book book” released
A book of photos, letters and souvenirs celebrating Jeffrey Epstein’s 50th anniversary was published by the Chamber’s Supervisory Committee. The 238 -page book names names but contains a lot of editors. You can see everything here. Yes, Donald Trump’s name is there. The president and His loyalists deny This is his signature in the book, even if the two were longtime friends. The WSJ has an analysis of handwriting comparing the president’s signature to that of the book here.
Markets
Future S&P 500 increased by 0.15% this morning. The index decreased by 0.21% during its last negotiation session. Stoxx Europe 600 was flat at the start of trading. The FTSE 100 of the United Kingdom increased by 0.22% at the start of negotiations. Nikkei 225 from Japan dropped by 0.42%. CSI 300 from China dropped by 0.7%. South Korea Kospi increased by 1.26%. Nifty 50 of India increased by 0.38% before the end of the session. Bitcoin increased to $ 113,000.
Around the river
The only “ oracle of Wall Street ” which called the 2008 crash rings the alarm for generation Z and millennials of the coming year by Nick Lichtenberg
The Energy Department has declared that the wind and the solar capacity are “without value” without sun or wind. Elon Musk reminds us of batteries: “UM … Hello?” By Eva Roytburg
Vodafone’s new announcement proves that even influencers can be replaced by AI By Marco Quiroz-Guierrez
Here is how many jobs have been lost in sectors affected by prices since the start of Trump’s trade war by jason ma
The CEO Daily is compiled and edited by Joey Abrams and Jim Edwards.
