Iran partially withdraws from a 2015 nuclear agreement, and the U.S. imposes more sanctions on the Middle Eastern country. On the eve of Uber’s entry into the U.S. stock market, some of its drivers from around the world hold a protest. And with Artificial Intelligence finding its way into the corporate world, we’re examining some of its pros and cons in business.
CARL AZUZ, CNN 10 HOST: Welcome to CNN 10. I`m Carl Azuz with your down the middle explanation of world events. Today that begins with Iran and the United States. Two countries that are trying to ratchet up pressure on each other.
On Wednesday Iran announced that it would partially pull out of an international nuclear deal from 2015. That deal was made between Iran and six other countries led by Americas Obama administration. Last year, the Trump administration announced the U.S. would leave the agreement.
And yesterday, exactly a year later, Iran said it would reduce what it called its commitments to the deal but not fully leave it. Specifically the Middle Eastern country says it plans to hold on to some components of its controversial nuclear program.
That`s instead of selling them to other nations as Iran agreed to do under the deal. What the 2015 agreement intended to do was limit Iran`s nuclear program and allow inspectors to make sure Iran was doing that.
In exchange, the U.S. and other countries would lift their sanctions on Iran, allowing tens of billions of dollars to flow into its economy.
Today, the Trump administration wants to get Iran to negotiate a deal that American officials say is more favorable to the U.S.
And until Iran does that, the White House plans to continue applying pressure that it says could cripple Iran`s economy. After Iran`s announcement that it would back away from some terms of the nuclear deal, the Trump administration announced new penalties that aim to limit Iran`s sales of steel, aluminum, and cooper; a major source of international revenue for the nation.
Analyst say both the U.S. and Iran are doing all of this to try to get the international community to pick sides. The U.S. wants other countries to join it in leaving the nuclear deal and pressuring Iran to change its behavior. Iran wants other countries to join it in defying the U.S. and preserving the nuclear deal.
Ten second trivia, which of these is not the name of a transportation network company that provides ridesharing services? Juno, Lyft, Via, Appia. Though Via Appia is the name of an ancient Roman road, the word Appia is not a ride sharing service.
At least not yet. Of course Uber and Lyft are the biggest ride sharing companies in America and on Wednesday, one day before Uber offered stock for the first time on the New York Stock Exchange, many of its driver`s around the world went on strike. And they were joined by some drivers for Lyft and other ride sharing companies.
Uber`s initial public offering on the stock market could raise about $10 billion for the company. And it`s offering its veteran drivers a payout of between $100 and $10,000 depending on how many trips they`ve completed for the company.
They`ll also have the choice to use that money to buy Uber`s newly offered stock. But drivers who`ve given fewer than 2,500 trips may not be eligible to receive a payout. And those who went on strike yesterday, in general, called for higher wages and better job security.
On average Uber drivers are estimated to make around $19 per hour in wages. Some say it works out to considerably less than that once fees, commissions, expenses are factored in. Uber and Lyft say their drivers are independent contractors.
What that means in many cases is that they don`t get the same rights as employees. But Uber also says it can`t succeed without its drivers. The length of the strikes, the timing of them, and the specific demands of the drivers varied from city to city.
But this was expected to be the biggest internationally coordinated effort so far against ride hailing companies. The number of drivers who went on strike and the results of the strikes aren`t known yet.
OK, we`re turning our attention now to artificial intelligence, A.I. When computers are programmed to imitate the human abilities to learn and make decisions. Like any new technology, A.I. comes with upsides and downsides.
Its supporters say machines are less likely to make mistakes and can sometimes complete task faster than people. Its critics say machines can`t always make accurate judgments or think creatively but that they can replace jobs. A.I.s applications in the business world clearly illustrate how these pros and cons play out.
UNIDENTIFIED FEMALE: Imagine an office without internet or a company with no computers. Almost impossible right? One day artificial intelligence could have that same revolutionary impact and the businesses that start embracing it now could benefit the most.
To most people, this brand means beauty. But lately L`Oreal has been breaking the mold not with cosmetics but its use of A.I. for recruitment.
EVA AZOULAY, GLOBAL VP OF HR, TALENT ACQUISITION, L`OREAL: We really wanted to save time and focus more on quality, diversity, and (inaudible) experience. And A.I. solutions were the best way to go faster on these challenges for us.
UNIDENTIFIED FEMALE: The French corporation gets about a million applications for roughly 15,000 new positions each year. And in a bid to better manage that volume, L`Oreal launched two projects in partnership with artificial intelligence startups.
The first is Maya (ph), a chatbot that aims to save recruiters time during the first stage of hiring. It vets candidates by handling routine queries.
The second is an A.I. software that scores applicants based on their answers to open ended question. Eva says that these numbers aren`t meant to replace human judgment but rather suggest people who might not seem like the obvious choice.
AZOULAY: We have been able to recruit profiles that we probably wouldn`t have hired just on C.V. (ph). Like take profile for marketing, like finance profile for sales.
UNIDENTIFED FEMALE: The trials are ongoing but starting to yield results. For one internship, which receives roughly 12,000 C.V.s for about 80 spots, recruiters saved 200 hours of time while simultaneously hiring the most diverse group to date.
AZOULAY: Potential benefits of A.I. in recruitment are huge.
UNIDENTIFIED FEMALE: Recruitment is just the tip of the iceberg. Artificial intelligence is reshaping early every way in which we work.
Some aspects of business like human resources marketing and customer service are already in these early transformative stages.
But the drones and driverless cars that will revolutionize supply chains and business models still belong to a relatively distant future. Despite A.I.s potential, only 12 percent or organizations used it last year in some way according to and Adobe survey of 13,000 professionals.
But an additional 30 percent planned on employing it within 12 months. Embracing emerging technology is not without risk. If A.I. fundamentally reshapes how we work, it has the power to do so for better or worse.
ANAB JAIN, FUTURIST, SUPERFFLUX: This technology is coming into our lives. It`s definitely inevitable. I just think that the binary definitions of — that are often thrown our way is good or bad is also open for discussion.
UNIDENTIFIED FEMALE: As a futurist, it`s Anab Jain`s job to foster that discussion. Her London based studio combines research and design to create immersive experiences which help people visualize the future.
Last year, Superflux launched a 48 hour installation about the future of work, which forced CEOs, policy makers, and educators to consider two scenarios.
UNIDENTIFIED FEMALE: One in which A.I. contributes to an automated society that could potentially have negative impacts and another were tech like A.I. makes the world a better place by freeing people up for more creative task.
JAIN: It was very important for us to make them understand that the trends that they talk about could happen to them. What would it be like to lose your job? What are the legacies you`re leaving.
UNIDENTIFIED FEMALE: Anab cautions that as business leaders embrace A.I., they need to be careful. Jobs will be lost, unfair biases could be coded into machines, and ethical questions abound.
But A.I. is still in its infancy and while computers can now make more decisions than ever before, it`s the people who define the impacts they have.
AZUZ: It`s been said that when Bruce Banner gets mad, he turns into the Hulk. When the Hulk gets mad he turns into Chuck Norris and when Chuck Norris gets mad, run. Well these people are a running and Chuck Norris is nearby.
But the American action fill star and martial artist wasn`t mad, he was hosting a five kilometer run in College Station, Texas to benefit charity.
Around 5,000 runners from the U.S. and abroad, many of them dressed as Chuck Norris, competed in the world`s first Chuck Norris 5K.
Standing at the finish line was the legend himself. And in addition to the high five he gave them, participants also got the chance to try to break the record for most Chuck Norris look a-likes in one place.
As usual the winner was Chuck Norris. Run or walker he`s a Texas Ranger and even with all those sidekicks, he`s a delta force of one who`d never be missing in action because he`s not expendable for that kind of even. I`m Carl Azuz reporting for CNN. The Chuck Norris Network.