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Some 31% of organizations reported that employees are reluctant or even outright resistant to using AI, according to the Cisco AI Readiness Index. AdvertisementCompany leaders at the World Economic Forum told Business Insider there's one simple thing bosses can do: be clear about what you want to use AI for. Centoni suggests outlining the potential benefits of using AI and providing specific examples of how it might be used. Jeff Maggioncalda, CEO of Coursera, says it's important to explain to employees how AI might make their jobs better or more enjoyable. And over time, he says he expects AI to lead to both revenue growth and growth in the workforce.
Persons: , Liz Centoni, Jeff Maggioncalda, Maggioncalda, Paul Knopp, Knopp Organizations: Service, Business, Cisco, Economic Forum, KPMG Locations: Davos
"You cannot have EVs that cost $70,000, $80,000, you need to get EVs down to $30,000 or less. But EV prices are still about 28% more expensive than average gas-vehicle prices, an analysis by CarGurus found. AdvertisementLang laid out three reasons China is finding success where competitors are struggling:Scale"The Chinese OEMs are already profiting off a large domestic market," he said. "The Chinese EV players are here to stay," he continued. They may eventually try entering the US market, Lang said, but it might not be easy given all the local competition and incentives to buy domestically.
Persons: , That's, Nikolaus Lang, Kelley, CarGurus, Lang Organizations: Service, Business, Boston Consulting Group, Economic, American, EV Locations: Davos, Switzerland, China, Europe, America
Expect to see a record rate of CEO turnover this year, PwC's Tim Ryan said at Davos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We will see more turnover in the C-Suite in the next 12 months than we have ever," Tim Ryan, PwC senior partner, told Business Insider at the World Economic Forum in Davos , Switzerland this week. CEO turnover is already high. AdvertisementCorrection: Thursday, January 18, 2024 — This article has been updated to reflect Tim Ryan's current title, which is senior partner at PwC.
Persons: PwC's Tim Ryan, , Tim Ryan, PwC, Ryan, you've, You've, isn't, Gray, Chris Licht, GameStop's Matthew Furlong, Jeff Shell, Ron Shaich, Tim Ryan's Organizations: Davos, Service, Economic, NBC, Economic Policy Institute, East Locations: Davos, Switzerland, PwC
Tesla CEO Elon Musk appeared to endorse an antisemitic conspiracy theory posted to X.Musk is now facing backlash from advertisers and investors. AdvertisementTesla CEO Elon Musk is under fire after he appeared to endorse an antisemitic conspiracy theory. I don't think he seeks it out, but I just think he does appreciate it for his brand, his name, you know," he said. At the Monterey, California, shopping center, the Tesla Model Y owner said Musk could impact his decision to buy another Tesla. But as he's gotten older, he's like, 'Hmm, I'm not so sure about that brand' — because of Elon Musk," he added.
Persons: Elon Musk, , I'd, he's, Tesla, Elon, Rashed Mohammed, Mohammed, He's, — he's, It's, I've, I'm Organizations: Service, Tesla, Defamation League, Del, Brooklyn Museum, EV, Twitter Locations: New York, California, New York City, Monterey , California, Brooklyn
Goldman Sachs is asking employees to return to the office five days a week. The company is asking workers to come back to the office five days a week, according to a Bloomberg report. So they are increasingly asking employees to come back to the office full time, even if it means they lose some workers. Amazon is asking remote employees to return to the company's nearest "hub," which is a location assigned to them, or find work elsewhere. Even Zoom, the company that powered the remote work revolution during the COVID Era, is asking employees who work within 50 miles of its offices to return at least two days a week.
Persons: Goldman Sachs, We're, we're, Jason Greer, Greer Organizations: Service, Bloomberg, Greer Consulting, CNBC, Meta Locations: Wall, Silicon, COVID
Goldman Sachs is asking employees to return to the office five days a week. The company is asking workers to come back to the office five days a week, according to a Bloomberg report. So they are increasingly asking employees to come back to the office full time, even if it means they lose some workers. Meta is asking most employees to return at least three days a week after September 5 or they could potentially lose their jobs. Amazon is asking remote employees to return to the company's nearest "hub," which is a location assigned to them, or find work elsewhere.
Persons: Goldman Sachs, We're, we're, Jason Greer, Greer Organizations: Service, Bloomberg, Greer Consulting, CNBC, Meta Locations: Wall, Silicon, COVID
Having a career plan is great, but you don't want to overdo it. Uber CEO Dara Khosrowshahi says the most common mistake he sees young people make is overplanning. "I always tell people that the most common mistake I see in young people is that they overplan their career," Khosrowshahi said on a recent podcast of Acquired. An analyst is not supposed to talk to a CEO," Khosrowshahi said. IAC ended up buying Expedia in 2001, and four years later, Khosrowshahi became CEO of the travel booking company.
Persons: Dara Khosrowshahi, , Khosrowshahi, Khosrowshahi's, Barry Diller, Diller, Barry, Herbert Allen, Allen, Uber Organizations: Service, Allen & Company, Paramount, USA Networks, IAC, Allen, Uber's Locations: Expedia
Tesla owners have previously enjoyed sole access to the company's charging stations. Tesla owners probably won't be very happy that the EV maker is opening up its Supercharger network to outsiders. Tesla's Supercharger network is comprised of some 7,000 locations in North America, according to the Department of Energy. But allowing other car owners to use the network may also eventually benefit Tesla owners, too. How do you feel about Tesla allowing other EV owners to use the Supercharger network?
Persons: Tesla, Craig Irwin, you've, Irwin isn't, Gene Munster, Cathie Wood, Wood, CThompson Organizations: General Motors, Ford, Morning, Detroit automaker, GM, Roth Capital Partners, Yahoo Finance, Deepwater Asset Management, CNBC, Department of Energy, Ark Invest Locations: North America
Tesla will let Ford and GM access its Supercharger network starting in 2024. Tesla is beginning to show just how much potential its technology and infrastructure really have. Starting in 2024, both automakers will be able to give their customers access to Tesla's expansive charging network with adapters. But this may just be the beginning of Tesla starting to cash in on its proprietary technologies. Even with the addition of Ford, GM, and other car makers," Munster said.
Persons: Tesla, Elon Musk, Dan Ives, Musk, What's, Cathie Wood, Wood, Gene Munster, They've, Munster, It's, Ives Organizations: Ford, GM, EV, Wedbush Securities, CNBC, Ives, Apple, Ark, Deepwater Asset Management, Supercharging Locations: North America
Personal AI assistants will help make humans more efficient, the cofounder of DeepMind said. Personal AI assistants will also change how people search for information. Personal AI assistants that can do everything from shop and negotiate on your behalf are the future of AI, Mustafa Suleyman, the cofounder of DeepMind and CEO of Inflection AI, said Tuesday during an interview with CNBC. Suleyman, of course, has a vested interest in personal AI assistants. Suleyman isn't the only tech leader that thinks personal AI assistants will mark a profound change in how we use technology.
Persons: DeepMind, Mustafa Suleyman, Suleyman, Pi, isn't, Suleyman isn't, Bill Gates, Goldman Sachs, Bard Organizations: CNBC, Google, AIs, SV Angel
Isaacson, who had special access to Jobs, thinks Jobs would have loved Apple's Vision Pro headset. Isaacson said Apple's mixed-reality headset is a "big leap" for human-computer interfaces. The late Apple CEO and cofounder Steve Jobs would love Apple's new Vision Pro headset if he were alive, Walter Isaacson, who wrote Jobs' biography, said Tuesday during an interview on CNBC. Apple unveiled its new mixed-reality headset on Monday at the company's World Wide Developer's Conference. Apple Vision Pro is a "big leap" for human-computer interfaces, Isaacson said.
Persons: Walter Isaacson, Steve Jobs, Isaacson, Jobs, Apple's, Apple Isaacson, Siri, Organizations: Apple, CNBC, Aspen Institute, Tulane University . Apple, Apple Watch
Apple announced a new iPhone feature Monday called StandBy that will roll out with iOS17 this fall. StandBy basically transforms your iPhone into a horizontal smart display when your phone is charging. You will also be able to play music and use Siri when your phone is in StandBy mode. The biggest iPhone is the iPhone 14 Pro Max, which has a display size of 6.7 inches. While it's too soon to know whether the new iPhone feature will have an impact on sales of Amazon's Echo Show, it's clear the device certainly has some new competition.
Persons: Apple iPhones, Apple, Craig Federighi, Apple's, Siri, it's Organizations: Apple, Echo
Lululemon has a zero-tolerance policy for employees engaging with thieves. Two former Lululemon employees said they were fired after calling police to report a robbery. Recently, two former Lululemon employees in Peachtree Corners, Georgia said they were fired from the retailer after calling the police to report a robbery. He also said that Lululemon employees are allowed to call the police. Like Lululemon, many retailers prohibit employees from engaging with thieves in order to keep the workers safe.
Persons: Lululemon, Calvin McDonald, , McDonald Organizations: CNBC, Service, Employees, NBC News, National Retail Federation Locations: Peachtree Corners, Georgia
Mark ZuckerbergMark Zuckerberg, with a net worth of $56.7 billion, according to the Bloomberg Billionaires Index, once told physicist Stephen Hawking he wanted to know what would enable humans to live forever. Drew Angerer/Getty ImagesInsider's Cadie Thompson reported that in 2015, the late physicist Stephen Hawking asked Mark Zuckerberg about which big questions in science he sought answers to. Zuckerberg responded, "I'm most interested in questions about people. How does learning work and how we can empower humans to learn a million times more?" Zuckerberg and his wife Priscilla Chan are among a small crop of Silicon Valley elite who founded the prize in 2012, and continue to back it.
Insider's Matt Turner and Cadie Thompson share their biggest takeaways from the World Economic Forum. More than 1,500 business leaders descended on Davos in the Swiss Alps last week for the World Economic Forum's annual meeting. The week of Davos, Alphabet published an explainer on its approach to AI signed by execs including CEO Sundar Pichai. "With every technology, there is good and then there's bad," Rima Qureshi, Verizon's chief strategy officer, told Insider. Several of those who spoke with Insider highlighted the need for much-greater collaboration among companies — and a willingness to experiment.
Cloudflare's CEO called the "tenor of optimism" for the economy at the World Economic Forum "bizarre." Matthew Prince told Insider a prolonged downturn is likely, in an interview at Davos. Of the 22 chief economists surveyed by the WEF, around two-thirds think a global recession is likely this year, and 18% think it is "extremely likely." Some respondents to the WEC's economic outlook survey think some of these issues could become less threatening throughout the year. Two-thirds of survey respondents think the cost-of-living crisis could be less severe at the end of the year, while close to the same amount of survey respondents think the energy crisis in Europe will also improve by 2023's end.
Cloudflare CEO Matthew Prince said his company is prepared for an upcoming recession. According to Prince, who spoke to Insider at the World Economic Forum, economic downturns can have a silver lining. See 4 reasons the CEO is "kind of excited" for an upcoming recession. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Nevertheless, Prince said he's looking on the bright side: "I guess it's a little masochistic or sadistic or something, but kind of excited about the upcoming recession."
Buzzy AI chatbot, ChatGPT, has only been open to the public for a few weeks. Here's what top executives are saying about the technology at the World Economic Forum. Here's what top executives have been saying:Jeff Maggioncalda, Coursera CEOCoursera's CEO said ChatGPT is a mind-blowing "game changer" in an interview with Insider. Peggy Johnson, Magic Leap CEOJohnson told Insider she thought ChatGPT was "definitely a transformative technology." Becky Frankiewicz, ManpowerGroup CCO and presidentFrankiewicz said the chatbot was "super fascinating" and she had been experimenting with it to write job descriptions.
Executives at Davos weighed in on the likelihood and severity of a recession in 2023. Most expect the US to have a shallow recession, but Europe and elsewhere could be hit harder. I think there's going to be a lot of uncertainty. "And that means it's time to really think about hunkering down and focusing on what's important, and really focusing on the fundamentals, which is what we are doing within the company." We will do better if there's a recession – at least if there's a recession with unemployment."
Magic Leap's CEO said more money coming into the augmented reality space from competitors is "good." Apple is rumored to be readying its own headset, which would compete against Magic Leap and Microsoft. Apple is reportedly gearing up to launch its own headset this year, which would compete against other offerings from Magic Leap and Microsoft. Under Johnson, Magic Leap has pivoted toward building its Magic Leap 2 AR headset for enterprise use rather marketing it at consumers. Johnson pointed out that Apple is more consumer-focused, while Magic Leap is enterprise-focused, but said at some point, "we'll come circle back to consumer."
If you're laid off, you can take some steps immediately to boost your chances of finding another job soon. With concerns of a recession on the horizon, laid-off workers should take steps immediately to get back on their feet and find another job quickly. Focus on skills in your resumeWhen revamping your resume, zero in on the transferrable skills you have. "It's really important to refresh your resume and make sure that it reflects the skills, not the jobs, that you've had," said Frankiewicz. "Employers are increasingly looking for skills: learnability, adaptability, agility, curiosity, communication skills — bring those things forward.
Coursera CEO Jeff Maggioncalda said that ChatGPT is a mind-blowing "game changer," per Insider. Maggioncalda said that he uses ChatGPT daily and plans on adding it to the firm's course catalog. Maggioncalda plans on integrating ChatGPT into Coursera's course catalog that will likely roll out this year, according to a spokesperson at Coursera. Maggioncalda's endorsement comes as companies experiment with AI tools, including ChatGPT, to find ways to integrate AI capabilities into their products and services. Some people have used ChatGPT to generate Mozart-inspired piano music, write and illustrate a children's book in 72 hours, and even come up with responses to dating app matches.
Marty Walsh, the labor secretary, said at the WEF the US needs more women as CEOs and board members. Having women in these positions could close the gender pay gap, he said. The WEF estimated in its Global Gender Gap Report, published in July, that it would take 132 years to close the gap. Businesses need to understand that they need to close the pay gap, he said. The WEF said in its July report that the global gender pay gap had been closed by around 68%.
Gen Z is starting to transform the workplace, according to two McKinsey executives at Davos. They told Insider how Gen Zers are more open to collaborate than millenials, but still have strong values. "The millennial generation was like 'Let's blow up all the institutions and start from scratch'," she said, noting that Gen Z takes a more "pragmatic" approach. George told Insider how the company has changed its talent model to accommodate this. McKinsey is working hard to be "more open about who we are, and what we do, because that's how Gen Z sees the world," she added.
As the US emerged from the Great Recession, cheap real estate and the rise of e-commerce collided to create a warehousing boom. Now warehouse boomtowns shoot up in places like California's Inland Empire, Pennsylvania's Lehigh County, and Columbus, Ohio, and the number of warehouse workers has nearly tripled in a decade. Here, Insider explores how the rise of warehouses and warehouse work has changed the US and its citizens as we became a Warehouse Nation. A surge in warehouse workUsing data and on-the-ground reporting, Insider looked at the opportunities and hidden costs of the rise of warehouse work. Read more from 'Warehouse Nation'A look from Insider at how the warehouse boom has reshaped America.
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