Welcome to CNBC’s live blog on the second and final day of CONVERGE LIVE in Singapore.
in Singapore, where business leaders, investors and policymakers will discuss the brewing global trade war, the outlook for cryptocurrencies and the business of sports.Former U.K. Prime Minister David Cameron will kick off proceedings in a fireside chat from 9:40 a.
m. Singapore time . Cameron is expected to discuss challenges for political leaders in 2025, advancements in AI and U.S. trade policy uncertainty.many in Asia were"watching with anxiety" on the same day that U.S. President Donald Trump's 25% tariffs on steel and aluminum imports Asia-Pacific stocks set to rise after soft U.S. inflation report pushes two Wall Street benchmarks upCEO Benedetto Vigna, Binance CEO Richard Teng and LIV Golf CEO Scott O'Neil are among the key speakers scheduled to take part in CNBC's inaugural CONVERGE LIVE event on Thursday. The sessions get underway at 9:40 a.m. Singapore time , with Britain's David Cameron poised to discuss advancements in AI, the tariffs imposed by U.S. President Donald Trump's administration and the notion of American exceptionalism. Talabat CEO Tomaso Rodriguez will take part in a session focused on how to speed up global supply chains later in the morning, while Ferrari's Vigna will discuss the outlook for the luxury Italian carmaker shortly after 1 p.m. local time. Alongside HashKey Capital CEO Chao Deng, Binance's Teng is scheduled to discuss the Trump crypto boost from around 2:40 p.m. local time.is pushing ahead with incorporating AI into his business, and said those who don't embrace the technology will eventually be left behind. "Humans who don't embrace AI in a company will be replaced by humans who embrace AI," the Malaysian businessman told CNBC's Christine Tan at The company, which is Southeast Asia's ride-hailing and super app, has incorporated AI into training platform Grab Academy, while Tan himself has a personal AI coding assistant."I can't code myself, but I use it to build my own projects, for research, for Grab," he said. "If you were to embrace it, it not only makes you superhuman, it makes your company superhuman," Tan said of AI adoption.DeepSeek's open-sourced R1 model in January "I think the so-called DeepSeek moment is really not about whether China has better AI than the U.S., or vice versa. It's really about the power of open source," he said.CEO Marc Benioff questioned investments in data centers due to AI such as DeepSeek."What you just saw with DeepSeek, and also with Alibaba, with their Qwen model is that you don't need this kind of technology. So I think it has to be rethought. Exactly what are you doing and why are you doing this?" he said of multi-billion dollar investments in data centers., said AI can take away drudgery,"and allow the human to provide the things that only a person can do: creativity, innovation, coalition building, inspiration, motivating others," he said., according to SVP Guy Diedrich."You don't get access to data unless you're trusted, and the way that you're trusted ... is to provide security and be transparent," he told the CONVERGE audience. In a"couple" of years, AI will be"embedded in everything we do," he added. Ganesha Rasiah, chief strategy officer at HP, said that some jobs will be"eliminated" by AI."But we don't foresee a world in which there's a significantly elevated level of unemployment," he said.U.S. President Donald Trump's trade tariffs are a major concern among U.S. and international business leaders, with industry titans warning of trouble ahead.in Singapore, Bridgewater founder Ray Dalio said on Wednesday:"Tariffs are going to cause fighting between countries … I'm not necessarily talking about military. But think about U.S., Canada, Mexico, China ... There will be fighting, and that will have consequences."CEO Marc Benioff described reciprocity between countries as"good" if they treat each other the same way. If you can't put the what and the how in a consistent, clear and meaningful way, then you could end up with high levels of volatility and conflict," Benioff said.the cloud software giant intends to invest an additional $1 billion in Singapore over the next five years. The investment is designed to accelerate the country's digital transformation and the adoption of Salesforce's flagship AI offering Agentforce.
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