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Thursday, November 21, 2024

CEO Insights

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Airbus CEO Optimistic Despite Tight Engine Supply for Year-End Jet Deliveries

On Tuesday, Airbus CEO Guillaume Faury expressed growing confidence in securing engine supplies, a key factor that has hindered recent jet deliveries. He indicated that CFM International, a major engine supplier, is expected to provide enough units to meet Airbus's needs, though he acknowledged that the situation would remain “very...
Banking and FinanceCEO Insights

ANZ’s Profit Falls Short Amid Stiff Mortgage Competition, CEO Highlights Tech Solutions

ANZ Group Holdings Ltd. reported a lower-than-expected profit, as CEO Shayne Elliott noted intense competition in the mortgage market. For the year ending September 30, ANZ’s cash profit declined to $4.5 billion, down from $4.9 billion the previous year. The results underscore the challenges facing Australia’s major banks, which are...
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OpenAI CEO Cites Computing Constraints as Key Challenge in AI Product Rollouts

OpenAI’s CEO Sam Altman recently highlighted that limited computing capacity is delaying the company’s new product releases. During a Reddit Ask Me Anything (AMA) session, Altman explained that the increasing complexity of AI models, coupled with restrictions on compute resources, is forcing OpenAI to make challenging decisions regarding resource allocation....
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Amazon CEO Andy Jassy Reassures Investors Over AI Investments as Spending Reached $22.6 Billion This Quarter

Amazon CEO Andy Jassy is working to ease investor concerns regarding the company's substantial investments in generative artificial intelligence (AI), emphasizing the anticipated long-term payoff. During Amazon's third-quarter earnings call, Jassy highlighted the parallels between Amazon Web Services (AWS) and its current AI investments. He referenced AWS’s journey, which, despite...
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