In October, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE, said artificial intelligence is the next major revolution of our time, and selected a state minister to focus on this space.
The newly appointed Minister of State for artificial intelligence Omar Sultan AlOlama, says his top priority is to discuss how governments should address A.I., and put regulations in place.
Elon Musk tweeted recently that "competition for A.I. superiority at a national level most likely cause of WW3." Musk has been no stranger about his fears of A.I. AlOlama says his concerns are valid.
He compared Mark Zuckerberg's embrace of A.I. to Elon Musk's unease of the technology, and says that the difference between both opinions is one has a short-term effect, and the other is focused on the long run. AlOlama says Musk's views come into play in the future. But governments need to have these types of discussions today, says AlOlama.
The UAE is also working on a project in partnership with Oxford University and UNESCO to restore artifacts through technology. Recently, ISIS has destroyed historic artifacts. Through this partnership, they 3D printed the Arc of Palmyra to bring it back to life.
Despite challenges like inflation, labor and product shortages, and the Omicron variant, holiday sales saw record levels of growth this year, according to a new report from Mastercard SpendingPulse. The group reports on national retail sales across all payment types, finding that holiday sales rose at the fastest pace in 17 years this year. Mastercard senior advisor and former chariman and CEO of Saks Incorporated Steve Sadove joined Cheddar News' Closing Bell to discuss.
Keith Fitz-Gerald, chief investment officer at Fitz-Gerald Group, spoke to Cheddar about the growing competition for Tesla's electric cars in China as tech giant Huawei enters the race. "There's a lot of legacy worry, but that does not discount the possibility that Elon might have a contender on his hands," he said about the sometimes troubled telecom company. Fitz-Gerald also gave a nod to two other local rivals, Nio and XPeng, noting the latter as having something of an edge with its CEO He Xiopeng being lauded by Chinese state media.
2021 was a wild ride for the world of cryptos. Both Bitcoin and Etherum hit new all-time highs, as well as other coins like SHIB-INU. According to several experts, crypto is here to stay and is expected to blast off in the year 2022 as more and more people invest in the crypto world. The host of "The O Show" Wendy O, joined Cheddar to discuss more.
Over the past year, the new love for gaming has created a huge demand for the consumption of content on streaming platforms. All this has caused a rise in gaming influencers all over the world. Founder of Viral Nation Joe Gagliese and Digital Video Executive Andrew Wall, joined Cheddar to discuss more.
Nikola announced that it delivered its first electric semi trucks last week, sending the embattled EV company's stock soaring. There is a lot of competition in this space, though, said Lauren Fix, an automotive analyst with Car Coach Reports. While every country has companies racing to dominate the electric trucking industry, she explained, a shortage of graphite, used in batteries, and a dearth of convenient charging stations will still keep growth slow in 2022. "You really have to be very careful when you're investing in this marketplace," Fix said. "That's great that [Nikola was] able to deliver one, but can they deliver more?"
Carlo and Baker kick off the weirdest week of the year with all the news you missed over the holiday weekend, including calls for the CDC to shorten its isolation window as Omicron sweeps through the country.
