Enhancing Collaboration in Advanced Technology: A Conversation with Elon Musk on AI and Innovation.

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Elon Musk is an innovator and entrepreneur whose focus is the development of cutting edge technology and particularly Application Intelligence (AI). Today's discussion revolved around understanding the dynamics of change in artificial intelligence with ways of improving teamwork in that field. Musk is also known for coming up with some mega ideas and even more mega strategies so it was not surprising that the call for global cooperation in use of AI was made to avoid disorganized competition of nations and industries that would ultimately waste a lot of resources and fail to solve the key issues of the 21st century. That vision which is his echoes with the increasing understanding that in order to tap the capabilities of AI, proactive implementation of these capabilities is of collective, rather than individual, nature. A focal point of the discussion was the ethics of AI and its development. As Musk pointed out, AI is more than a device, it is a way of thinking that will change bu
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EU threatens to drag US, China to WTO in case of trade distortions

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European Union warned US and China, who signed a phase-one trade deal on Wednesday, of taking the matter to World Trade Organisation (WTO) in case their deal affected European businesses. On Friday, EU envoy to Beijing Nicolas Chapuis told reporters that the 28-nation bloc would closely observe the impact of the ‘phase one’ trade deal signed between US President Donald Trump and Chinese Vice Premier Liu He.

Chapuis said, "In our opinion, quantitative targets are not WTO-compatible if they lead to trade distortions. If it were to be the case, we will go to the WTO to settle this matter."

Chapuis added that Chinese foreign ministry gave EU member-nations "formal assurances that in absolutely no way would European businesses be affected by the US-China deal".

EU fears that the deal, which eased the ongoing trade war between two of the world’s biggest economies, could be biased in nature. If so, then EU would be within its right to contest the deal as it is against the principle of the WTO. The WTO prohibits nations from providing a few with favoured-nation treatment among its trading partners.

As per the deal, China put its guards down against the US agricultural goods and agreed to import an additional US products worth $200 billion over the period of two years, including an additional $32 billion of agricultural goods. Beijing said that it would import above the levels purchased in 2017 and also committed to provide better protection to US intellectual property rights. In exchange, US agreed to reduce the tariff to half (of 15 percent), which it imposed on Chinese imports worth $120 billion in September.

The phase one agreement did not touch upon the punitive border taxes as it is still applicable over two-thirds of Chinese imports, which amounts to over $500 billion.

On Thursday Kerstin Braun, president of Stenn Group, said: "With a weakened WTO and the general trend away from multilateral trade agreements, we’re only going to see more trade squabbles."

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