World leaders convened in Munich on Friday to discuss the future of European security, while in Singapore, the Prime Minister highlighted the nation's embrace of artificial intelligence, and in the US, a bipartisan effort to address immigration enforcement faced challenges. These events, along with corporate strategies on sustainability and hiring, marked a busy day in global affairs.
The Munich Security Conference brought together world leaders to address the evolving landscape of European security, according to NPR. Meanwhile, Singapore Prime Minister Lawrence Wong cited DBS and Grab as role models as the country focuses on artificial intelligence to future-proof its economy, as reported by Fortune. Wong announced a new AI council, which he will lead, to oversee national AI missions in areas like advanced manufacturing, finance, and healthcare. He stated that AI "can help us overcome our structural constraints—our limited natural resources, rapidly ageing population and tight labor market."
In the United States, a bipartisan effort in Congress to address immigration enforcement tactics faced difficulties ahead of a Friday deadline to fund the Department of Homeland Security, NPR reported. This followed a failed attempt to restore lapsed health insurance subsidies, indicating ongoing challenges in achieving bipartisan consensus.
Corporate strategies also took center stage. According to Fortune, many CEOs believe climate change is real and necessary for profitability and relevance. Ford CEO Jim Farley continued the automaker's EV pivot. Another Fortune article highlighted how Abacum, a startup, raised over $100 million and tripled revenue without increasing headcount. The company chose a "harder path" by not immediately hiring, focusing instead on scaling its existing workforce.
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