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Elon Musk, SpaceX CEO, made an ominous warning about artificial intelligence (AI), suggesting it could be the cause of the third world war

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AI Woes

Elon Musk, SpaceX CEO, made an ominous warning about artificial intelligence (AI), suggesting it could be the cause of the third world war. His comment was in response to Russian President Vladimir Putin who said that the first global leader in AI would “become the ruler of the world.” Musk said that there was a possibility that war could be automated. In response to one Twitter user, he said: “May be initiated not by the country leaders, but one of the AI’s if it decides that a pre-emptive strike is the most probable path to victory”.

Stepping Away

Dara Khosrowshahi, the newly minted CEO of the ride-hailing giant, Uber decided to step away from his role as a board member at The New York Times. According to a government filing, Khosrowshahi notified the NYT board that he would be resigning from the role because of his new responsibilities at Uber.  “Khosrowshahi’s decision to resign as a director was not due to any disagreements with the Company on any matter relating to the Company’s operations, policies or practices.” said the filing.

Pushing Digital

In an event organised by NITI Ayog,  Vijay Shekhar Sharma, founder of mobile wallet firm Paytm said that his target is to make digital transactions totally frictionless and almost as valuable as cash. “My personal big idea is how to make digital transactions, the starting point of national inclusion, totally frictionless and nearly as valuable as the cash,” Sharma said in a video tweeted by the NITI Aayog. He also expressed his wish to tap the 1.2 billion population of the country.

For Free

IT giant Infosys informed that the newly appointed non-executive chairman and non-independent director Nandan Nilekani will not draw any remuneration for his current stint at the company. Co-founder and former Chief Executive Nilekani holds 0.93 per cent stake in the IT services firm. “His last drawn remuneration for fiscal 2010 in which he ceased to be a director was Rs 34 lakh,” the company said in a filing to the BSE.

Concerned

Yoon Boo-Keun, the head of Samsung’s electronics business, expressed concern over his company’s future, as its leader, Jay Y. Lee, has been sentenced to five years in prison. “Nobody would get on a ship without a captain because you know it’s dangerous,” he said. “We are on such a ship.” He added that as head of the consumer electronics business, he took care of a near-term view for products while it was Lee’s responsibility to map the long-term strategy, but now he will have to think for longer term as well.

Blocking Buffet’s Bid

Home Capital Group Inc shareholders resoundingly rejected Warren Buffett’s bid to boost his stake in the mortgage lender. Almost 89 per cent of shareholders voted to reject a proposal that would have allowed Buffett’s firm, Berkshire Hathaway, to almost double its stake in Home Capital to 38.4 per cent. Berkshire was seeking to buy a second tranche of shares at the discounted price of $247 million.

In Loving Memory

At the launch of Apple’s latest iPhone in the brand new Steve Jobs Theater, company’s CEO TIM cook remembered Steve jobs saying, “Memories have come rushing back as we prepared for the launch. We now reflect on him with joy instead of sadness. Steve’s spirit and timeless philosophy on life will always be the DNA of Apple.” Jobs called it ‘the best office building in the world.

Challenging Congress

Mark Zuckerberg, Facebook CEO hosted three immigrants at his Silicon Valley home, live-streaming their personal stories. He urged Congress to pass a law to protect them and 8,00,000 others from possible deportation. Deferred Action for Childhood Arrivals is an American policy that allows some illegal minor immigrants to receive a renewable two-year period of deferred action from deportation and work permit.


Tags assigned to this article:
magazine 1 oct 2017 elon musk mark zuckerberg tim cook
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