Microsoft has promised to remove from the environment "all of the carbon" it has emitted during its 45-year history, by 2050. That's not just a carbon-neutral pledge—it's a carbon-negative pledge. Microsoft president Brad Smith: "When it comes to carbon, neutrality is not enough." Environmental campaigners are delighted. BBC
Alphabet has become the fourth U.S. firm to gain a valuation of $1 trillion, after Apple, Microsoft and (briefly) Amazon achieved the feat over the last year and a half. Alphabet's Thursday valuation came in the context of a rally for big tech stocks this month. Wall Street Journal
EU Trade Commissioner Phil Hogan said the coming days will be crucial in the race to reach an international agreement on the taxation of big-tech multinationals. If the efforts fail, the U.S. could move ahead with tariffs on France, over its implementation of a national tax on the local revenues of Google et al. As the EU sees trade as a collective issue, that would be a big deal for the whole bloc. Bloomberg
Citigroup has hiked the salaries of some of its female employees after recording a massive 27% disparity between the average pay of female workers and that of their male peers for 2019. The shortfall was 29% the previous year; Citigroup has also slightly improved the pay gap for minorities working for it in the U.S. CNBC
AROUND THE WATER COOLER
In the context of the Carlos Ghosn saga, Fortune's Shawn Tully looks back at the tale of top commodities trader Marc Rich, who managed to dodge capture (over a massive alleged tax fraud) for the best part of two decades, before being controversially pardoned by President Bill Clinton. Is Ghosn the new Rich? Fortune
China's GDP grew 6.1% in 2019, down from 6.6% the previous year and marking the slowest pace of growth in the country for 29 years. The causes range from slowing retail sales and exports, and weakening investment in infrastructure and factory construction. Nikkei Asian Review
Although the U.S. initially stated that last week's Iranian missile attack on an airbase in Iraq caused no casualties, it turns out that several U.S. service members were injured. The attack was a reprisal for the American assassination of Iranian general Qasem Soleimani, and its limited nature helped both sides step back from further escalation, for now. The service members apparently sustained concussions, the symptoms of which only became apparent days after the incident. CNN
A leaked European Commission document suggests the EU may impose a temporary ban on the use of automated facial recognition systems in public spaces by both public and private concerns. The move could bring the EU executive into conflict with members such as Germany and France, both of which are planning surveillance systems that use the technology. Euractiv
This edition of CEO Daily was edited by David Meyer.
Lessons in AI Adoption
Most executives know they must utilize artificial intelligence to get ahead, but how can they make sure they’re doing AI right? Deloitte’s State of AI in the Enterprise survey outlines four key adoption insights by looking at early AI users in seven countries.
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