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Good morning. <\/strong>Is it worth a 100-mile train ride from London to England\u2019s second city, Birmingham, to hear the former U.K. prime minister talk about the AI revolution? Despite my original train being cancelled (this is Britain) and a mad dash from the main Birmingham rail station to the venue to be there in time (through a hail storm)\u2014it turns out, yes.<\/p>\n Rishi Sunak was prime minister from 2022 until 2024\u2014when he was defeated by Keir Starmer. Although they come from different parties (Sunak is a Conservative, Starmer leads the Labour Party), they are surprisingly close on the issue of AI development (more and faster, please). The U.K. business department regularly contacts Sunak to ask for advice.<\/p>\n Sunak is considered an expert on technology and is U.S.-friendly, which is key to creating AI momentum in Europe. He has an MBA from Stanford and is an advisor to Goldman Sachs, Microsoft<\/a> and Anthropic.<\/p>\n In front of an audience of hundreds of smaller business leaders, Sunak laid out some golden rules for AI application:\u00a0<\/p>\n I heard fascinating insights from the business leaders in the audience about how they are approaching AI. One founder talked of the \u201cfalse confidence\u201d risk engendered by AI products like Gemini, Claude and Perplexity. Each give slick, plausible answers in the blink of an eye to any question you ask. Which answers, though, are worth your time?<\/p>\n To understand that, you need a strong understanding of your business and its value to your customers. It may be a new AI approach. Or it may be something that is very human in nature.<\/p>\n Sunak was soundly defeated in 2024, and Starmer came in on a wave of hope that Britain could redefine its role in the world. But the polls have turned against Labour, the U.S. president has described him as \u201cno Churchill,\u201d and now neither the Conservatives nor Labour lead in the polls (Nigel Farage of Reform does).<\/p>\n But there is brain power in the U.K. in AI. Nscale, a builder of data centers, is valued at $14.6 billion. Revolut, in financial services, is valued at $75 billion. Sunak wants AI thinking to flourish on this side of the Atlantic and argues that smaller businesses, which employ most people, will lead many of the advances. They are more nimble and quicker than big bureaucracies, he argues. He also hopes that in this one aspect, at least, the U.K. can show the U.S. a thing or two.<\/p>\n If only the trains could run on time. \u2014 Kamal Ahmed<\/em><\/p>\n Contact CEO Daily via Diane Brady at diane.brady@fortune.com<\/a><\/em><\/p>\n Meta and YouTube found liable for designing addictive platforms<\/b><\/p>\n California jurors on Wednesday <\/span>found<\/span><\/a> Meta and YouTube liable for negligence, determining that the platforms were designed to be addictive. The verdict could trigger a broader legal reckoning across Big Tech akin to Big Tobacco litigation.<\/span><\/p>\n Jamie Dimon says remote work stunts young employees<\/b><\/p>\n JPMorgan CEO Jamie Dimon <\/span>slammed<\/span><\/a> remote work this week, arguing it stunts young workers’ growth and enables “a lot more game playing” than in-person work. “A lot of people aren’t paying attention at all,” he added.<\/span><\/p>\n Five Guys CEO made amends with $1.5 million in bonuses<\/b><\/p>\n Five Guys CEO Jerry Murrell <\/span>talked to Fortune<\/em><\/span><\/a> about his decision to write bonus checks to 1,500 of his employees after a promotion for the restaurant chain\u2019s 40th birthday went awry. \u201cI thought it was worth it. They worked so hard. They were so overwhelmed,\u201d he said of his workers. <\/span><\/p>\n S&P 500<\/b> futures are down 0.84% this morning. The last session closed up 0.54%. The <\/span>STOXX Europe 600<\/b> was down 1.13% in early trading. <\/span>The U.K.\u2019s FTSE 100<\/b> was down 1.29% in early trading.<\/span> Japan\u2019s Nikkei 225 <\/b>was down 0.27%.<\/span> China\u2019s CSI 300 <\/b>was down 1.32%. <\/span>Hong Kong\u2019s Hang Seng<\/b> was down 1.89%. <\/span>South Korea\u2019s KOSPI <\/b>was down 3.22%.<\/span> Indian markets <\/b>are closed today.<\/span> Bitcoin<\/b> was down to $69K.<\/span><\/p>\n Larry Fink says the Iran war ends in one of two extremes: Abundance, growth, and oil at $40 a barrel\u2014or global recession and years of oil at $150<\/span><\/a> by Eleanor Pringle<\/span><\/p>\n \u2018Wealth doesn\u2019t erase your problems\u2014it magnifies them\u2019: One serial entrepreneur\u2019s brutally honest take on making it<\/span><\/a> by Sydney Lake<\/span><\/p>\n Workers around the world are scared. A massive new survey shows just how much<\/span><\/a> by Nick Lichtenberg<\/span><\/p>\n\n\n
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