Good morning. Everyone is talking about AI. Earlier this week, we held a dinner with 17 CFOs from some of the world’s largest companies, who talked about how they now use AI at work. Some are using it to emphasize how different words may affect the sentiment of income calls based on historical data. Many people use it to create programs around earnings forecasts to resist tariffs, policy shifts, technology investments, and more. They are creating hyper-personalized datasets and go-to-market strategies that not only use AI agents, but also tailor interactions to customers’ AI agents. I also learned about their strategies to embed AI knowledge throughout the organization, from top-down learning to metrics to advance to senior ranks. Although most people have not responded to AI’s work, they have not increased the overall total.
Dinner, by Deloitte and ServiceNowwas conducted according to Chatham House rules, and shared highlights anonymously to encourage conversations. But during a record chat with economist Rebecca Patterson, senior fellow at the Foreign Relations Commission and former chief investment strategist for Bridgewater colleagues, we heard about the impact of fiscal policy shifts. “It’s not just Congress that ignores the Congressional Budget Office and historical norms when it comes to making settlement bills,” she noted. “It’s also the scale of the future deficit when economic growth exceeds its long-term potential. I think we’ll see some fiscal hawks pushing back more and lowering the final bill, or there’s a longer fight. I’m wrong. I’m wrong.”
Patterson also said she expects policies under the Trump administration to “incline” structurally toward higher structural inflation. She talked about the continued strength of the United States relative to other economies and the transformative impact of AI.
Frontline leaders’ insights are crucial to shaping the theme of this column and highlighting unique roles wealth Play in Calling and Connecting. Next is Brainstorming technologyAndrew Nusca will lead in Park City, Utah from September 8-10. David Meadvin, CEO of a strategy group, told me yesterday: “There is nowhere to be found for real relationships.” I believe him. I’m going there for some conversations and co-host the dinner for the CEO Initiative members Qualtrics CEO Zig Serafin. If you want to join our brainstorming technology, you Apply here.
Top news
Trump’s tariffs are now in effect
If Americans want to import from countries such as Syria (41%), Laos and Myanmar (40%) or Switzerland (39%), they now have to pay huge taxes. Swiss President Karin Keller-Sutter has failed to change the White House’s mind in the past few days, although it is unclear why Switzerland was picked out at such a harsh pace. Today’s quote: “We are in a new world now. Even trading nerds, it’s just the complexity of Bunkers,” Chad Bown of Peterson International Economics School of Economics Tell the British ruler.
100% tariff on semiconductor chips
The president said he would double the price of imported computer chips, but he would not double the price for companies “built in the United States”. Few other details are available.
Apple guarantees US investment of $600 billion
The iPhone maker said yesterday that it was a stunning coincidence that it would add $100 billion to its existing domestic “manufacturing” commitments and add 20,000 jobs to its payroll. Apple stocks grew 4% in the news.
The rise of Palantir, explains
Palantir’s blowout earnings on Tuesday Top cap Stocks rose 555% year-on-year, increasing the market value of defense technology companies to over $400 billion. This is Alex Karp’s leading company to become one of the 25 most valuable companies in the world.
Eiyama executive says AI will destroy jobs
Mo Gawdat, former chief business officer of Google X, said concept AI would create jobs is “100% nonsense”, even warning that “incompetent CEOs” are in the chopping block. Tech gurus predict that AGI will be better in everything compared to most humans. Only the best workers in their field can “for a moment” and even “evil” government leaders can be replaced by robots, He said.
Microsoft raids Google’s AI ranking
Mustafa Suleyman Raid his old company For talent, call them and promise that Microsoft lives more entrepreneurial atmosphere than Google. His compensation has poached two dozen Googlers, far exceeding the Google match paid in DeepMind.
Trump likes meeting with Putin to end Ukraine war
president Tell European leaders and American journalists Yesterday, he was willing to meet with Putin soon to give a ceasefire in Ukraine. But he was also skeptical of Putin’s motives, saying he was “disappointed by it before.” White House spokesman Karoline Leavitt said Trump “opened to meet with President Putin and President Zelensky” and “hopefully this cruel war is over.”
Disney Income and NFL Deals
Disney Posted The day after the announcement that Disney’s ESPN Sports Network will acquire major NFL media assets in exchange for 10% of ESPN’s equity interest, it was on Wednesday’s steady revenue. The company has proposed full-year guidance for fiscal 2025 and now believes the company will grow 18% year-on-year with adjusted revenue.
market
S&P 500 Futures The index closed 0.73% yesterday and rose 0.48% this morning. Stoxx Europe 600 Early trading grew by 0.5%. UK FTSE 100 It fell 0.33% in early trading. Japanese Nikkei 225 Up 0.65%. China’s CSI 300 It’s flat. South Korea kospi Increased by 0.92%. from India Nifty 50 Less than 0.48%. Bitcoin Rised to $114.9k.
Around the water cooler
Millennials lead the “Coffee Badge” uprising protests back to office as businesses work to fill empty seats Nick Lichtenberg
Metacontractors say they can see Facebook users sharing private information with AI chatbots Dave Smith
Goldman Sachs economists warn that Gen Z skilled workers are chopping blocks first as AI shows shaking the labor market Sasha Rogelberg
CEO Daily is edited and edited by Joey Abrams and Jim Edwards.
