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It's Day Two of Davos.Fabrice COFFRINI / AFP via Getty ImagesIt's Business Insider's second day at Davos, and it's a busy one.Today, we'll cover speeches from power players like Microsoft CEO Satya Nadella, BlackRock CEO Larry Fink, Palantir CEO Alex Karp, and Salesforce CEO Marc Benioff.Follow along here for updates on what people are saying.Does this guy have a badge?Do you want to build a snowman? Someone at Davos has!Dan DeFrancescoSatya Nadella says this is how he preps for his Davos meetings with AIMicrosoft CEO Satya NadellaJASON REDMOND/AFP via Getty ImagesMicrosoft CEO Satya Nadella, who spoke in a morning panel led by BlackRock CEO Larry Fink, shared how he has always prepared for Davos meetings — and how that's changed with AI.He said his field team used to prep him for 50 or so meetings, according to a "particular workflow.""Nothing had really changed since I joined in '92 to essentially even a few years back," he said about the year he joined the tech giant as an engineer. "Whereas now, I just go to Copilot and say, "Hey, I'm meeting Larry. Please give me a brief."He added that the briefs generated by Microsoft's AI assistant give him a comprehensive overview of the relationship between his firm and BlackRock CEO Larry Fink's team.AI tools are also changing the traditional bottom-to-top flow of information, he said."In fact, what I do is I take that and immediately share that back with all my colleagues across all the functions," he said. "Think about it. It's a complete inversion of how information is flowing in the organization."Lines at 9 a.m. at the Belvedere hotel, a meeting hot spotA long line outside the Belvedere Hotel in Davos, a meeting hotspot.Jamie HellerUber CEO: Robot drivers will beat humans on safetyUber CEO Dara Khosrowshahi.Al Drago/Getty ImagesRobot drivers will ultimately outperform humans on safety, Uber CEO Dara Khosrowshahi said on Tuesday in Davos."If you think about the world 20 years from now, your Uber is going to be driven largely not by a human being, but by a robot driver — a piece of software on top of a car," Khosrowshahi said, adding that vehicles are becoming increasingly sophisticated and more like "computers on wheels."Khosrowshahi said autonomous systems have clear advantages over human drivers. "There's no doubt in my mind that the robot driver can be safer than a human driver," he said. Robot drivers don't get tired or distracted, don't text while driving, and can operate continuously while improving over time, he added.The key question, Khosrowshahi said, is what level of safety is "enough" for robot drivers — whether matching human performance is sufficient or whether autonomous vehicles should be held to a higher standard.In the longer term, he said, human driving could resemble horseback riding today, becoming a niche activity done for enjoyment."There's no doubt that 10 years from now, there will be questions as to whether humans are safe enough," he said.Trump's setting the Greenland agenda at DavosTrump's heading to Davos, and Greenland's on the agenda.illustration by Cheng Xin/Getty ImagesTrump is expected to arrive in Davos on Wednesday. While Treasury Secretary Scott Bessent wants business leaders to take a breath and chill out about Greenland, that may not be in the cards.Trump posted on Truth Social on Thursday that he had "a very good telephone call with Mark Rutte, the Secretary General of NATO, concerning Greenland.""I agreed to a meeting of the various parties in Davos, Switzerland. As I expressed to everyone, very plainly, Greenland is imperative for National and World Security," Trump wrote.Trump on Sunday had sent messages to Norway's leader, saying the US requires "Complete and Total Control of Greenland." Greenland is a semi-autonomous Danish…

Getty Images; Alyssa Powell/BIWhat do an employee at a dental imaging company, an English Premier League soccer player, and a saver with an account at BlackRock all have in common? They're all quietly connected to Wall Street's hottest investment class: private credit.The debt that most Americans have dealt with — from credit cards to mortgages — has been upfront: there are bills to pay, balances that are visible, and credit ratings that assess a borrower's creditworthiness. Private credit, or loans made to companies by private investor money gathered into a fund, is much less regulated and much more opaque. The exact terms of the loans, their price, and their ratings can be kept in the shadows and out of regulators' sight.Once a relative backwater in finance, private credit has grown into a $3 trillion industry that is increasingly intertwined with the economy. Small and midsize businesses are utilizing these loans to scale up, from manufacturing plants seeking to purchase new equipment to dental practices looking to expand. Meanwhile, private credit has become the hottest business for some of the finance industry's premier names, including Blackstone and Apollo. To proponents, like Apollo CEO Marc Rowan and Blue Owl co-CEO Mark Lipschultz, access to funding with less onerous requirements is helping American businesses thrive. To naysayers, including UBS Chairman Colm Kelleher and IMF Head Kristalina Georgieva, this explosion of less-transparent debt is unsustainable, and the dubious terms of many of these loans could lead to economic trouble.This fight has now reached a fever pitch as private credit prepares for a retail investor gold rush. There's already $80 billion in retail investor cash in private credit, but Deloitte projects that number will rise to $2.4 trillion by the start of the next decade, thanks to changing rules that will allow more everyday Americans to buy the assets. Depending on who you ask, putting private credit into regular Americans' retirement savings is the key to helping people achieve financial freedom or a recipe for disaster for the entire economy.A private credit primerAt its most basic, private credit involves pooling money from investors to then lend to businesses. To facilitate this transaction, an investment firm launches a fund and goes around to people or groups with money — pension funds, ultrawealthy individuals, insurance companies, sovereign wealth funds, and endowments — and gives them a sense of what sort of loans they want to make. Once enough investors agree to pony up, the fund then goes out and finds businesses that need a loan. It could be for hiring employees, building a new factory, or acquiring a competitor. In an ideal world, the loan enables the company to expand operations and revenue and repay the loan plus interest, which ultimately benefits the private credit fund and its own investors as a profit.Companies like these loans because they can be more flexible than bank loans, come together much more quickly, and can be more personalized. Private credit firms and the investors in their funds prefer these loans because the returns are more lucrative than public bonds, with interest rates charged to borrowers 1.5 to 3% higher.The modern private credit industry dates back to Michael Milken and the junk bond boom of the 1980s, but it really took off in the wake of post-2008 financial crisis banking regulations. New laws such as Dodd-Frank prompted banks to move away from risky loans, allowing lenders that didn't operate as banks, including private credit funds, to fill the gap. The idea was that only sophisticated institutional investors or fabulously wealthy individuals who could afford to risk losses would have their money on the line. McKinsey researchers estimated that the industry grew tenfold from 2008 to 2023, while Morgan Stanley analysts estimated that the industry expanded from $2 trillion in 2020 to $3…

AI cybersecurity is a top concern for some execs right now.Donato Fasano/Getty ImagesBusiness leaders at the World Economic Forum highlight AI security as a top concern.Executives like Raj Sharma and Tim Walsh emphasize risks from AI agents and quantum computing.Fighting AI risk could involve more AI.I'm reporting from Davos, Switzerland, where thousands of business leaders and politicians have arrived at the World Economic Forum to shake hands, talk shop, and maybe even eke out a few ski runs.Some executives I've spoken to this week had some big concerns about AI, but none of them had anything to do with a potential bubble.Raj Sharma, EY's global managing partner of growth and innovation, said there's not enough talk about AI security — specifically, the management of AI agents and their lifecycle."It has access to your data. It has no name, so there is no identity or anything associated with that," Sharma said.Compare that to humans, where every computer system and piece of data they touch is often tracked."We have to build industrial-level security for AI agents in that particular area. To me, that's still a gap that somebody needs to work on," Sharma said. "Everybody's talking a good game. But if you look under the covers, it's still not mature.""That keeps me up at night," Sharma added.He's not alone. Tim Walsh, the CEO of KPMG US, told me the biggest issue he talks to CEOs about regularly is cyber risk, specifically related to AI.AI agents are the latest twist in executives' ongoing concerns over cybersecurity, and it's proving to be an incredibly challenging problem. Somewhat ironically, the only way to fight the threat is with … more AI.In some cases, the risk has gotten so big that it's shifting timelines on companies' AI plans."It's not that they're not moving forward, but they are taking a moment to make sure that their environment is secure, and perhaps even leaving data on-prem a little bit longer so they're confident that got their data security in place," Walsh told me.Walsh said another "real concern" is the threat of quantum computing from a security perspective.While he acknowledged we're still a few years out from the tech being fully developed, its power is incredible."Quantum breaks everything," Walsh said. "I mean, all encryption."That's led companies to look at their systems and reencrypting things, no easy task."We're spending quite a bit of time as well, helping companies think through: What does that look like? How do you structure it? How long will it take?" Walsh said.Read the original article on Business Insider

Camélia, 17 ans, lycéenne à Mitry-Mory en Seine-et-Marne, subissait depuis plusieurs semaines un harcèlement scolaire. Malgré les alertes répétées adressées à l’établissement, la situation n’a pas cessé. Le 13 janvier, l’adolescente met fin à ses jours après de derniers échanges bouleversants avec sa mère.Ces messages, envoyés quelques heures avant le drame, interrogent aujourd’hui le rôle de la direction du lycée Honoré-de-Balzac. Le proviseur, informé des faits, avait convoqué Camélia et ses camarades. Une gestion contestée, désormais au cœur de deux enquêtes, judiciaire et administrative. Un harcèlement connu et une prise en charge contestée Depuis plusieurs semaines, Camélia confiait à sa mère les humiliations et pressions subies au sein de son lycée de Mitry-Mory. Les faits étaient connus de l’équipe éducative. Inquiète, sa mère avait adressé un courrier à la direction afin d’alerter officiellement sur la situation. Face à cette démarche, le proviseur décide de convoquer les élèves impliqués, ainsi que Camélia, le lundi 12 janvier, veille du drame. À la sortie de cet entretien, la lycéenne écrit immédiatement à sa mère : "Il était en colère". Selon la famille, le chef d’établissement aurait mal accueilli le signalement écrit. Cette réaction laisse Camélia déstabilisée. Pourtant, la mère tente de rassurer sa fille. Le lendemain matin, à 11h24, elle lui envoie un message se voulant apaisant : "Ne fais plus attention à eux, c’est bon, le proviseur s’en occupe". Malgré cette assurance, le harcèlement ne cesse pas. Camélia continue de se sentir isolée et incomprise. L’intervention de la direction, loin de la soulager, semble renforcer son sentiment d’injustice. Elle espère toutefois que la situation va s’améliorer. À ce moment-là, ni elle ni sa mère n’imaginent l’issue tragique qui se profile quelques heures plus tard. Cette prise en charge, jugée insuffisante par la famille, est aujourd’hui scrutée de près par les enquêteurs. Une plainte a été déposée contre les harceleurs présumés, mais aussi contre le proviseur, désormais mis en cause dans la gestion de cette affaire sensible. Une dernière convocation avant le drame Dans l’après-midi du 13 janvier, un nouvel événement vient bouleverser Camélia. Moins de vingt-quatre heures après la première réunion, le proviseur souhaite la revoir dans son bureau. Peu après 16 heures, l’administration lui demande de quitter son cours. L’entretien dure une trentaine de minutes. À 16h32, Camélia envoie un message alarmant à sa mère : "Ils ont dit que c’est moi la fautive et que j’aurai une sanction disciplinaire. Je t’aime de tout mon cœur". La mère, surprise, n’était pas informée de cette convocation. Elle s’inquiète immédiatement. Quelques minutes plus tard, à 16h43, Camélia ajoute : "Il a dit que je me victimise (sic)". Puis, à 16h46, elle écrit encore : "En tout cas, je t’aime et t’es la meilleure maman du monde", accompagnant ses mots de deux cœurs. Ce seront ses derniers messages.Alors que sa mère la croit toujours en cours, Camélia quitte précipitamment le lycée. Une camarade témoignera plus tard : "Elle était dans un état décomposé". L’adolescente prend le RER B, descend en gare de Villeparisis et se jette sur les voies à l’arrivée d’un train. Elle est déclarée morte à 17h57. Moins d’une heure s’est écoulée entre sa sortie du bureau du proviseur et sa mort. Aujourd’hui, les enquêteurs de la police judiciaire de Torcy analysent minutieusement ses derniers instants. Pour la famille, ces échanges révèlent une détresse profonde et une réponse institutionnelle qui n’a pas su protéger Camélia. L’article Camélia : jeune lycéenne harcelée, elle s’ôte la vie et échange une dernière fois avec sa maman est apparu en premier sur Officielles.

C’est Benoît Bastien qui a été désigné pour arbitrer le choc Marseille-RC Lens de ce samedi (19e journée de Ligue 1, 21h05, à suivre en direct sur Lensois.com et diffusé en intégralité sur Ligue 1+). Âgé de 42 ans, il a été élu meilleur arbitre par la FFF au classement établi par la direction de l’arbitrage la saison dernière. Benoît Bastien sera assisté d’Aurélien Berthomieu et Hicham Zakrani. Mickaël Leleu sera le 4e arbitre alors que Cyril Gringore et Stéphane Bré auront la responsabilité de l’assistance vidéo. Pas son premier match entre Lens et l'OM Benoît Bastien a arbitré 9 rencontres de Ligue 1 cette saison pour 28 cartons jaunes distribués et 4 cartons rouges, dont deux directs. Il était au sifflet lors de la victoire 2-1 du RC Lens à Nantes le 6 décembre dernier. Un match qui s'est déroulé sans difficulté particulière, lui permettant de faire oublier aux Lensois sa décision très controversée dans le derby perdu 2-0 à domicile contre Lille la saison dernière. Le score était encore de 0-0 dans les arrêts de jeu et c’est un penalty tardif qui avait permis à Lille d’ouvrir le score. Kevin Danso avait involontairement touché le ballon de la main, après qu’il ait rebondi sur sa jambe. Il était au sifflet aussi lors d'une victoire 1-0 du RC Lens à Bollaert contre l'OM le 12 novembre 2023. Lens s'était imposé dans les derniers instants grâce à Jonathan Gradit. Les Marseillais l’ont quant à eux croisé lors d’un succès 1-0 à Auxerre le 1er novembre. L’Olympien Ulisses Garcia avait été expulsé. Il a aussi arbitré deux matchs de Ligue des champions depuis le début de la saison : Ajax Amsterdam-Galatasaray (0-3) et Tottenham-Slavia Prague (3-0) pour un total de 10 cartons jaunes distribués.The post Gros plan sur le corps arbitral désigné pour Marseille-RC Lens appeared first on Lensois.com.