CONVERGE LIVE updates: Top executives from Binance, Ferrari and OpenAI to speak on day 2

This is CNBC's live blog covering CONVERGE LIVE , an inaugural thought leadership event in Singapore.

SINGAPORE — Welcome to CNBC's live blog on the second and final day of CONVERGE LIVE 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 (1:40 a.m. London time / 9:40 p.m. ET). Cameron is expected to discuss challenges for political leaders in 2025, advancements in AI and U.S. trade policy uncertainty.

Some of the other top speakers scheduled to take part on day two include Ferrari CEO Benedetto Vigna, Binance CEO Richard Teng, OpenAI's Oliver Jay and LIV Golf CEO Scott O'Neil.

The sessions follow an action-packed opening day.

On Wednesday, U.S. hedge fund billionaire Ray Dalio warned that America's mounting debt problems could lead to "shocking developments," and Alibaba Group Chairman Joe Tsai said people "underestimate the importance" of a recent meeting between Chinese President Xi Jinping and entrepreneurs.

Singapore's Deputy Prime Minister Gan Kim Yong, meanwhile, said 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 came into effect.

Check out a full recap of Wednesday's coverage here.

Former U.K. Prime Minister David Cameron, Ferrari CEO 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 (9:40 p.m. ET), with Britain's David Cameron