Republican Committee Chair Michael Steele on u. S. Founding principles, in light of actions by former president donald trump. This portion of the conference runs just under an hour and a half. [inaudible conversations] all right, everyone. If i can ask you to makeour way back to your seats. We will get started here momentarily and ill ask them to come onto the stage, yes, as we how are you . As we get ready to start our next panel in the afternoon stretch here. Our 3 20 p. M. Panel, principled economics, a formula for growth this, obviously, is an important conversation because, you know, theres not a lot of leadership right now on on principles or economics, i would say, and so, its important, i think, to have this discussion about the facts and i dont know that we could have a more esteemed or Accomplished Panel here to discuss it with us. I will introduce our moderator here, who will then introduce the rest of our panelists. But its my privilege to introduce our moderator, mr. Bob b
a top republican has accused us regulators of being asleep at the wheel in the period leading up to the implosion of silicon valley bank. those comments in the first of two bruising congressional hearings intended to shed light on the failings that led to the lender s collapse. in response, the regulator pointed the finger at executives saying they did a terrible job of managing risk. we are still reconstructing the supervisory racket, we understand they were issued a matter requiring attention based on the inaccuracy of their interest rate risk modelling. essentially, the risk model was not at all aligned with reality. today, the hearing continues. the collapse of svb and signature bank created shock waves across the global banking sector, with central bankers moving to reassure nations that the structural integrity of the financial system remains intact. joining me now is greg feldberg, director of research for the yale program on financial stability. you were director
and industry execs including elon musk believe so and have signed an open letter calling for a 6 month pause on advanced ai development. that s training sytems more powerful than openai s newly launched chatg pt. and here in the uk, the government has set out its plans to regulate ai with new guidelines on responsible use. critics fear the rapid growth of ai could threaten jobs or be used for malicious purposes but it is boosting economies worldwide. let s get the latest thoughts on all this with sue daley from the industry body techuk. sue, remind us why governments and businesses think ai can do us harm? ai technologies have huge potential to help our economy and our society. to address issues such as increased productivity, help in the climate change emergency, to help people in their everyday lives. there are concerns around how this rapidly evolving technology is having an impact on the way that we live, work and importantly, how do we get this right and notjust and impo
the social media company twitter has begun sudden and sweeping job cuts to save money. it s thought its new owner elon musk, who s the world s richest man, might reduce the platform s workforce of 8 thousand by as much as half. many twitter staff are finding out via email that they no longer have a job. here s our technology editor zoe kleinman. elon musk did not speak to any of the thousands of employees laid off today. instead he was a surprise guest at this investor conference in new york. meanwhile, many twitter staff woke up locked out of their work laptops. they were later told by an e mail to the personal accounts that it was the last working day at the firm. some have been told they will be paid until february next year, getting some sort of certainty after months of uncertainty. in some cases, some relief, right? because this was a thing that played out over the course of the majority of this year. there were, understandably, lots of emotional tweets. another said. f