Global Markets: Trudeau addresses South Korean government

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Published: May 17, 2023

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

– Canadian Prime Minister Justin Trudeau addressed South Korea’s National Assembly on Wednesday where he highlighted the historical ties between the two nations. Trudeau also discussed climate change, economic investment, gender equality, but also mentioned that Canada was determined to support South Korea’s efforts to denuclearize the Korean Peninsula. In a news conference later in the day with South Korean President Yoon Suk Yeol, it was announced that the two countries reached an agreement to co-operate on supply chains for critical minerals needed for the manufacturing of electric vehicles.

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– Floods in northern Italy have killed at least five people and forced the evacuation of 5,000 others, according to Italy’s Civil Protection Minister, with officials warning residents to find higher ground. Last night, Venice activated its MOSES barrier system for the first time, even though it is still unfinished after 20 years of construction. Formula One’s Emilia-Romagna Grand Prix, which was scheduled for this weekend, has been cancelled.

– Sam Altman, the chief executive officer for OpenAI, proposed to the United States Congress on Tuesday a national or global agency to regulate the new development of artificial intelligence systems. Altman, whose company launched ChatGPT late last year, acknowledged the anxieties caused by the rapid development of AI. Sen. Richard Blumenthal (D-Conn.) opened the hearing with a recorded speech that sounded like him, but was actually a voice clone reciting ChatGPT-generated opening remarks. European nations have already drafted legislation to regulate AI systems.

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