TOKYO: A Tokyo court on Friday extended the detention of former Nissan chief Carlos Ghosn, local media said, after his arrest on allegations of financial misconduct that have shaken the auto industry.
The extension means Ghosn could remain in a Tokyo cell for another 10 days while prosecutors investigate allegations he under-reported his salary by millions of dollars over five years.
The 64-year-old tycoon was arrested on November 19 and prosecutors have already extended his detention once, while two of the companies he led -- Nissan and Mitsubishi Motors -- have voted to remove him.
The extension gives prosecutors until December 10 to decide whether to indict Ghosn on charges of under-reporting his salary. If he is indicted, he could then be released awaiting trial, or held in pre-trial detention.
Prosecutors could also choose to file additional charges against him, and with each charge they can seek to hold Ghosn for another 22 days.
Ghosn's detention even before charges have been officially filed against him has prompted some criticism abroad, particularly in France, where the executive holds citizenship.
On Thursday, the deputy head of the Tokyo prosecutor's office rejected the criticism, saying: "We do not unnecessarily keep people in custody for a long time."
"I do not criticise other countries' systems just because they are different," Shin Kukimoto added.
Ghosn, who denies the allegations against him, faces an array of claims involving hiding money and benefits he received while chairman of Nissan and head of an alliance between the Japanese firm, Mitsubishi Motors and France's Renault.
Japan court extends Ghosn detention
Japan court extends Ghosn detention
- A Tokyo court on Friday extended the detention of former Nissan chief Carlos Ghosn
- The extension means Ghosn could remain in a Tokyo cell for another 10 days
Economies must turn AI tokens into growth, says Microsoft CEO
- AI tokens are basic units of text read and generated by artificial intelligence models when processing language
DUBAI: Global economies will need to transform AI tokens into economic growth, Microsoft CEO Satya Nadella told the World Economic Forum on Tuesday.
GDP growth anywhere will be directly correlated with the accessibility of power and resources such as AI tokens, said Satya, adding: “We have a new commodity which is tokens, and the job of every economy is to translate tokens into economic growth. If we have cheaper commodities, it’s better.”
AI tokens are basic units of text read and generated by artificial intelligence models when processing language.
Satya also discussed the importance of diffusing AI technology and implementing it globally.
“Our job is to pioneer the relationship between AI and people so that productivity can increase. The scale of operations can really be increased by utilizing this technology,” he said.
“On the supply side, the ratio of tokens per dollar per watt has to get better. We have to ensure that the supply is there from the chips to the token factory. It's like electricity. We need a ubiquitous grid of energy and tokens that will power the economy.”
On the consumer side, Satya urged all firms to start using it and said both small- and large-scale operations would face different challenges.
“If you start fresh it’s easier to implement these tools, for large organizations there is a fundamental challenge to achieve scale in implementing the change. The change management challenge for large organizations is bigger,” he said.
He added this technology has the ability and demand to be implemented globally.
“We have the ability to deliver tokens all around the world, this will ensure even distribution of resources. The technology is in our hands to create opportunity in the Global South and beyond. As long as there is a demand and an environment to create capital investment, then it's worth it,” he said.
