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☆ Inside Amazon's new AI sales machine: More pressure, more pay, more speed
▼ + stars: | 2024-09-16 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

AdvertisementThese AWS staffers were asked to find at least one sales opportunity each month for Q, Amazon's AI assistant, and Bedrock, the company's AI platform. AdvertisementMany AWS sales teams have new performance targets tied to AI products. AdvertisementHitting these goals is important for Amazon employees because that can result in higher performance ratings, a key factor in getting a raise or promotion. The "Find One, Launch One, Ramp One" initiative includes AWS sales architects. More pressure but also more rewardsAmazon is also doling out bonuses and other forms of potentially higher pay for AI sales success.

Persons: —, Matt Garman, salespeople, AWS's, Garman, Microsoft Satya Nadella, Justin Sullivan, Q, hasn't Organizations: Service, North, Business, AWS, Messaging, Amazon, Microsoft, Google, BI, there's, Amazon Connect Locations: North America

Election officials from across the country publicly accused the U.S. Postmaster General on Wednesday of failing to adequately prepare for the Nov. 5 general election. Postal Service that election officials have said could lead to fewer people voting and a loss of trust in the electoral system. “We implore you to take immediate and tangible corrective action to address the ongoing performance issues with USPS election mail service. The letter Wednesday said that election officials had repeatedly raised concerns with the USPS but had not seen adequate improvement. The election officials’ letter cited three specific concerns.

Persons: General Louis DeJoy, “ Organizations: National Association of, State, National Association of State, U.S . Postal Service, USPS, Political Mail, Customer Relations Locations: “ State, Minnesota

☆ 5 careers in the space industry that new grads should focus on, according to a VC
▼ + stars: | 2024-09-07 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A 2024 report from McKinsey & Co. estimates the global space economy will balloon to $1.8 trillion by 2035, fueled by advances in AI. Chad Anderson, founder and managing partner of Space Capital, one of the first early-stage VC firms to focus exclusively on the space economy, told Business Insider that the space economy has plenty of technical career paths available. Anderson — who's invested in dozens of space ventures, including SpaceX, moon landers, satellites, and space tech, and founded Space Talent, an online resource for jobs in the space field and tech industry — shared his perspective as a VC on the top five careers in space that are on the rise. Specifically, expect heightened demand for orbital interior designers, space suit designers, space station industrial designers, and other lifestyle consultants for long-term tourism trips and crewed platforms.

Persons: —, Chad Anderson, Anderson — who's, landers, Anderson —, Anderson, they'll, you've, it's Organizations: Service, McKinsey & Co, Space, Business, SpaceX, Talent, Software, of Defense, NASA

☆ Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off
▼ + stars: | 2024-09-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Jim Cramer said Microsoft shares could bottom Wednesday — and out of all the megacap tech stocks, this Club name is the one to buy. Wells Fargo also highlighted Microsoft's cybersecurity business. Similar to others in the sector, Microsoft's cybersecurity business can continue to rake in major corporations as clients as the threat of hacks and breaches remains elevated. In 2023, Microsoft CEO Satya Nadella said the company's cybersecurity business had surpassed $20 billion in revenue over a 12-month period. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Wells, Jim, Wells Fargo, Bing, Satya Nadella, Wells Fargo's bullishness, Piper Sandler, Jim Cramer's, Microsoft Corporation Satya Nadella, Chalinee Thirasupa Organizations: Microsoft, Wall, CNBC, Microsoft Corporation Locations: U.S, Bangkok, Thailand

☆ Hosts have ruined Airbnb with excessive fees, high demands, and bad customer service, travel experts say
▼ + stars: | 2024-08-26 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

One host previously told BI he was charging $400. Travel experts say hosts have a lot to answer for in Airbnb's downfall. "Airbnb essentially allows anyone to sign up to be a host, which will always prove to be problematic," she told BI. Duncan Greenfield-Turk, the chief travel designer at Global Travel Moments, told BI that hosts had "without a doubt" played a big part in Airbnb's unpopularity. Hotels are making the most of the backlash by offering more personalized services and often matching or undercutting Airbnb prices.

Persons: —, Michael Rozenblit, Maggie, Rozenblit, Airbnb, overtourism, it's, Grace Moser, Moser, Jessica Dante, Dante, Orleans Airbnb, Taylor, Duncan Greenfield, Greenfield, Turk Organizations: Service, Business, Travelers, Love, Turk Locations: Barcelona, Athens, London, Orleans, Greenfield, Airbnb

☆ Tuesday's analyst calls: Taiwan Semiconductor a buying opportunity, CrowdStrike upgraded
▼ + stars: | 2024-08-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

He increased his price target by $25 to $575, which suggests shares can jump about 20.9% over the next year. Rollins upgraded the stock to neutral from sell and upped his price target from $1.25 to $3.15 per share, which implies roughly 21.6% potential upside. Analyst Rick Wise initiated coverage of GE Healthcare with a buy rating and $100 price target, which suggests 22.7% upside. Analyst Rob Owens upgraded the global cybersecurity company to overweight from neutral and lowered his price target by $20 to $290, which implies 30.6% upside. Its price target of 1,200 Taiwanese dollars implies upside of 36.4%.

Persons: Morgan Stanley, Piper Sandler, Rob Sanderson, Sanderson, — Pia Singh, Michael Rollins, Rollins, Lumen, Rick Wise, Wise, CrowdStrike, Rob Owens, Owens, pare, Price, Charlie Chan, Chan, Fred Imbert Organizations: CNBC, Taiwan Semiconductor, Meta, Citi, Lumen Technologies, GE Healthcare, Delta Air Lines, Microsoft Locations: U.S

☆ 30-year-old’s kitchen-table side hustle makes $27,800/mo, takes 2 hours a day: This is the best way ‘to replicate success’
▼ + stars: | 2024-07-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

When Domonique Brown was little, she and her dad could only buy greeting cards featuring Black people at a single Hallmark store in Upland, California. Across all mediums and materials, her designs primarily feature Black characters and aim to represent the Black experience, she says. Her business, still a side hustle, outearns her 9-to-5 job: She's a full-time graphic designer with a $90,000 annual salary, she says. Brown typically spends two hours per day maintaining customer relations and creating content for DomoINK and, when inspiration strikes, creating new work, she says. At every stop, art has offered her a reprieve from schoolwork, unfulfilling jobs or people who told her to make more "white art," Brown says.

Persons: they've, Domonique Brown, Brown, she's, DomoINK, I've Organizations: CNBC, Hallmark, Target, Sharpie, Walmart, Airbnb, Disney Locations: AskMakeIt@cnbc.com, Upland , California, It's, Jurupa Valley , California

☆ CDK Global says ‘substantially all’ dealers back online after crippling hack
▼ + stars: | 2024-07-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —CDK Global said “substantially all” of the nearly 15,000 car dealerships that use its software across North America are back online to its core management system, almost two weeks since a cyber incident caused a software blackout. “We are happy to report that we are ahead of the anticipated schedule,” an automated message on CDK’s customer care phone line said. The outage began on Wednesday, June 19, after two cyber incidents halted the company’s systems, which provide software to nearly 15,000 car dealerships across North America, according to CDK. Auto dealerships use CDK’s software to manage everything from scheduling to records. For days, CDK has said it had started restoring its software, but both car buyers and dealers remained at a standstill.

Persons: CDK, “ It’s, ” Bernard Irvin, Samantha Delouya Organizations: New, New York CNN, Auto, Anderson Economic, Ford, CNN Locations: New York, North America, Greenville , South Carolina

☆ Extended CDK outage brings chaos to car dealers
▼ + stars: | 2024-06-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate. Piecemeal progressThe outage began last Wednesday after two cyber incidents halted the company’s systems, which provide software to nearly 15,000 car dealerships across North America, according to CDK. “I work at a major body shop, and it has really hurt us,” one worker wrote to CNN about the outage. “15,000 dealerships is an awful lot to have control over when you do the math,” Irvin said of CDK. And after more than a week at home, Phillips’ boss texted him to return to work on Friday.

Persons: “ It’s, ”, Bernard Irvin, “, ” ‘, Norm Phillips, hadn’t, ” Phillips, “ I’ve, CDK, Phillips, ” Phillips wasn’t, ” Irvin, Irvin, texted, “ I’m Organizations: CNN, CDK, Workers, Ford, Anderson Economic, Dealer, Benz, Honda, Ford Bronco Sport, Ford Bronco Locations: Greenville , South Carolina, North America, New Jersey

☆ What to know about the massive car dealership outage
▼ + stars: | 2024-06-28 | by ( Ramishah Maruf | Eva Rothenberg | ) edition.cnn.com time to read: +8 min

Here’s what you need to know about the massive software outage. Its systems are used by roughly 15,000 car dealerships across the United States and Canada. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. It said it was able to bring a “small initial test group” of car dealerships back online. But the next morning, the company told dealerships another incident had happened.

Persons: CDK, aren’t, they’ve, Scott Campbell, CNN they’ve, Don Aycock, “, ”, Robbie Jacob, Jacob, Michael Deveney, Katelyn Salvato, hasn’t, Salvato, …, Callahan, We’ve, ” Callahan, it’s, Lisa Finney, ” Finney, ” Eric Noonan, John Dwyer, “ There’s, ” Noonan, Ryan Callahan, Tom McParland, McParland Organizations: New, New York CNN, Auto, CNN, Capital City Buick GMC, Buick, Diego —, Kia, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, Bloomberg, Binary Defense, Mazda, Automatch Consulting Locations: New York, North America, United States, Canada, Berlin , Vermont, Clay County , Florida, Diego, Lynn , Massachusetts, Eastern Europe, Seekonk , Massachusetts

☆ Check out the 26-slide pitch deck Creatio used to raise $200 million at a $1.2 billion valuation
▼ + stars: | 2024-06-26 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +1 min

Software company Creatio has secured $200 million at a $1.2 billion valuation. The Boston-based company sells no-code applications to enterprises to streamline their operations. AdvertisementBoston-based software company Creatio has secured $200 million at a $1.2 billion valuation. Founded in 2014, Creatio is a vendor for no-code platforms that allow companies to access and create applications and workflows more efficiently through its platform. The company sells a variety of applications, from app design platforms to customer relationship management (CRM) tools, to clients.

Persons: Creatio, — Organizations: Service, Business Locations: Boston

☆ CDK says it’s brought a small group of car dealerships back online after massive weeklong outage
▼ + stars: | 2024-06-26 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —CDK Global said Wednesday that it has been able to bring a “small initial test group” of car dealerships back online, a week after a crippling software outage left thousands of car sellers across North America at a standstill. “We have successfully brought a small initial test group of dealers live on the Dealer Management System (DMS), and once validation is complete, we will begin phasing in other dealers,” a statement said. The company said it’s also working to bring additional applications back online, such as its customer relationship management and service solutions, as well as its customer care channels. On Tuesday, CDK said it doesn’t believe its systems will be back online before June 30, a major blow for dealers in the middle of a busy car-buying season. A systems outage caused by a cybersecurity incident has paralyzed nearly 15,000 car dealerships across North America since last Wednesday.

Persons: CDK Global, it’s, CDK Organizations: New, New York CNN, North, Dealer, ” Auto Locations: New York, North America

☆ Can I even buy a car? What to know about the massive auto dealer outage
▼ + stars: | 2024-06-21 | by ( Ramishah Maruf | Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

New York CNN —CDK Global is ubiquitous in the auto dealership world – its software is used at 15,000 dealers. Here’s what the CDK Global outage means for both car sellers and shoppers. Post Memorial Day, “this presents increased opportunities for vehicle sales, service and, of course, revenue. It also means that it’s time to roll out your summer Sales and Service marketing campaigns.”Can I still buy a car? Ford also said its dealerships involved in the CDK outage have alternate ways to take care of customers.

Persons: There’s, it’s, CDK, Lisa Finney, ” Finney, aren’t, Jeff Ramsey, ”, Brian Benstock, Ramsey, Ford, ” Ford Organizations: New, New York CNN, CDK Global, CNN, Service, Ourisman Auto Group, Paragon Honda, Paragon Acura, Kia, Toyota, Dodge, Lincoln Locations: New York, United States, Canada, Maryland, Long Island City , New York, Ford

☆ I was shocked to be laid off from my tech job — but I quickly realized it was a dream come true
▼ + stars: | 2024-06-20 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I completed a 3.5-year apprenticeship as a media designer and engineer, and I've been in the tech industry since I was 15. Leaving so quickly wouldn't have been possible without the support of our LA friends, who helped us in many ways. Courtesy of Lucas FrischmannI came up with this idea as I struggled to keep up with all my connections. AdvertisementIf you were laid off from a tech company and want to share your story, please email Manseen Logan at mlogan@businessinsider.com.

Persons: —, Lucas Frischmann, It's, I've, Frischmann, it's, I'd, Manseen Logan Organizations: Service, Twitter, Meta, Business Locations: Los Angeles, Asia, Vietnam, Italy, Taiwan, Thailand, Japan, Indonesia, South Korea, Europe, Austria, Germany, Switzerland, Bangkok, Amalfi Coast, Bali , Indonesia, mlogan@businessinsider.com

☆ A bunch of analysts cut price targets on these 3 stocks this week. Here's why
▼ + stars: | 2024-06-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Analysts have slashed price targets on three stocks from around the world over the past week: Adobe , France's Remy Cointreau , and Israeli software provider NICE . Adobe Five analysts cut their price targets ahead of Adobe's second-quarter earnings report, released after the bell Thursday. Remy Cointreau It's also been a tough week for Remy Cointreau, the makers of cognacs, liqueurs, and champagne. Ten analysts cut their price target on the stock over the past week. NICE NICE, which builds customer relationship management software, saw five analyst price target cuts over the past week.

Persons: France's Remy Cointreau, Remy Cointreau, Oppenheimer, Brian Schwartz, Remy Cointreau It's, Sanjeet Aujla, Remy, Rishi Jaluria Organizations: NICE, CNBC Pro, Adobe, Google, UBS, Nasdaq, RBC Locations: U.S, Adobe's, Cognac, China, Europe, United States

☆ UK tech bosses urge focus on AI skills and growth in high-stakes election — no matter who wins
▼ + stars: | 2024-06-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Pa Images | Getty ImagesLONDON — British technology executives and entrepreneurs want the next government to focus on promoting skills around the development and use of artificial intelligence and growth-oriented fiscal measures. Upskilling in an AI ageOne thing U.K. tech executives are pushing for is fostering innovation in artificial intelligence and cultivating citizens' grasp on AI-centric skills — across multiple generations. Last month, dozens of business executives, entrepreneurs, and investors signed an open letter stating their support for Labour in the upcoming election. Leon Neal | Getty Images News | Getty ImagesSignatories included several influential names in the world of U.K. tech: Wikipedia founder Jimmy Wales, Founders Forum co-founder Jonathan Goodwin, and Atom Bank CEO Mark Mullen. Tech bosses CNBC spoke with found themselves unable to point to specific policies and plans from either of the main political parties.

Persons: Rishi Sunak, Sir Keir Starmer, Keir Starmer, Zahra, Salesforce, Einstein, Astro, Matthew Houlihan, Rachel Reeves, Angela Rayner, Leon Neal, Jimmy Wales, Jonathan Goodwin, Mark Mullen, Sunak, Liz Truss, Jeremy Hunt, Danny Lawson, Rishi Khosla, Khosla Organizations: Conservatives, Labour Party, LONDON, it's, Labour, CNBC, Innovation, Cisco, coy, Centre, Getty, Founders Forum, Atom Bank, BAE Systems, Tech Locations: Downing, Salesforce's, Europe, Purfleet, United Kingdom, Ukraine, British, Barrow, Furness, England

☆ The 'promised land' of stable, high-paying jobs for recent grads is falling apart
▼ + stars: | 2024-06-04 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +10 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Austin Wang, a class-of-2025 computer-science major at Yale University, said students were "scared that engineering roles will be replaced in the future." Handshake found that fewer prospective business graduates were applying to consulting roles and that more were seeking positions in customer relations, marketing, and analytics compared with last year. Handshake's analysis suggested tech job postings geared toward fresh graduates fell by 30% compared with last year. Advertisement"It's quite bad for entry-level jobs in general but even worse for international students," she said.

Persons: —, It's, Goldman Sachs, Morgan Stanley, Austin Wang, Fabrice Coffrini, Beth Hendler, Matthew Park, Anika Nair, Rutgers University . Austin Wang, Anika Nair Yale's Wang, Wang, Amr Alfiky, you'll, Adnan Hussain, Christine Cruzvergara, Richard Carruthers, I've Organizations: Service, Management, Big Tech, National Association of Colleges, Employers, Business, New York Times, Yale University, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture, McKinsey, Getty Images Industry, Yale, Tech, Companies, Ivy League, Rutgers University ., Rutgers University, JPMorgan —, Investment, Citigroup, JPMorgan, Deutsche Bank, Finance, Reuters, National University of Singapore, Imperial College London, KPMG, Deloitte, HSBC, Amazon Web Services Locations: Wall, AFP, Singapore

☆ Why the Dow has fallen 1,000 points in the last three days
▼ + stars: | 2024-05-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

The Dow has fallen more than 1,000 points over the last three days alone — and there’s no sign of the negative momentum letting up. The Dow opened lower by 367 points, or 0.9%, Thursday morning. The S&P 500 was down 0.2% and the Nasdaq Composite dropped 0.2% as lackluster earnings results from Salesforce (CRM) worried investors. That comes after a bad Wednesday where all 11 sectors of the S&P 500 closed lower. This week’s downturn has been fueled by a range of factors, including earnings and stronger-than-expected economic data.

Persons: Dow, Bonds, ”, “, Chris Zaccarelli Organizations: New, New York CNN, Dow, Nasdaq, Nvidia, Treasury, Federal Reserve, Deutsche Bank, Independent Locations: New York

☆ Foot Locker leaves our penalty box as CEO Mary Dillon's revamp plan turns corner
▼ + stars: | 2024-05-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon's turnaround plan is starting to pay off. At its highs of the session Thursday, Foot Locker was up nearly 32% before giving up some of those gains. That counts for something, especially when Foot Locker's stock entered Thursday down nearly 35% since the session before the March disaster. Encouragingly, Dillon told CNBC that Foot Locker and Kids Foot Locker saw positive comp-store sales. Foot Locker Why we own it: We are in Foot Locker for the turnaround.

Persons: Locker, Mary Dillon's, Dillon, Thursday's, Foot, Mary Dillon, Jim Cramer, Encouragingly, comps, Nike, we've, Jim Cramer's, Jim, Xavi Lopez Organizations: LSEG, CNBC, Nike, Holding, JD, Dick's Sporting Goods, Shoppers, Lightrocket, Getty Locations: Oregon, It's, Spain

☆ Analysts defend Salesforce, saying the sell-off is overdone and AI impact is ahead
▼ + stars: | 2024-05-30 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Even a sharp sell-off in Salesforce stock Thursday — down as much as 21% intraday — isn't keeping some analysts on Wall Street from sticking with their optimistic outlooks on the maker of customer relationship management software. Salesforce executives tied the disappointing results to elongated deal cycles throughout the first quarter that hit the company's booking schedule. Weiss reiterated an overweight rating on Salesforce, albeit with a $320 per share price target, down from $350. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Salesforce stock, but lowered his price target to $315 per share from $345. The analyst reiterated an overweight rating on the stock with a $300 per share price target, or about 10% upside from yesterday's close.

Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Keith Weiss, Weiss, Kash Rangan, Rangan, Mark Murphy, Tyler Radke, Radke Organizations: Wall, JPMorgan, Citigroup Locations: Salesforce, CY25

☆ HubSpot shares jump on talks of potential Google deal
▼ + stars: | 2024-05-28 | by ( Jennifer Elias | ) www.cnbc.com time to read: +1 min

HubSpot shares rallied 8% on Tuesday after CNBC's David Faber reported that Alphabet is looking at an all-stock offer for the software company. Reports of a potential deal first surfaced in early April, when Reuters published a story saying Alphabet was talking to advisors about making an offer for HubSpot. "There have been many reports about HubSpot being in conversations with Google," Faber said Tuesday. With a market cap of about $33 billion, after Tuesday's jump, HubSpot would be by far Alphabet's largest deal ever. HubSpot shares were up slightly for the year prior to Tuesday's gains, closing the day at $638.39.

Persons: HubSpot, CNBC's David Faber, Faber, — CNBC's Jordan Novet Organizations: Reuters, HubSpot, Bloomberg, Google, Motorola Mobility

Meanwhile, JPMorgan upgraded Huntington Bancshares to overweight from neutral, with a price target that implies upside of 31%. Analyst Scott Hanold's $90 price target implies that shares of Civitas could rise 25% from here. These two headwinds combined together could create near-term pressures for the stock by limiting Zscaler's billings growth, the analyst wrote. Nowinski's price target of $182, down from $275, implies the stock could rise 6% from here. The bank upgraded shares of the cruise operator to buy from neutral and lifted its price target to $24 from $21.

Persons: Mizuho, Scott Hanold's, Hanold, — Lisa Kailai Han, Wells, Andrew Nowinski, F4Q24, Nowinski, Patrick Cunningham, Cunningham, Lisa Kailai Han, Andrew Boone, Boone, Max, Duolingo, Ben Chaiken, Jan, Chaiken, Steven Alexopoulos, Alexopoulos, Huntington, Fred Imbert Organizations: CNBC, Cruise Line, JPMorgan, Huntington, RBC, Civitas Resources, RBC Capital Markets, Citi, DuPont DuPont, DuPont, Max, Mizuho, Cruise Locations: DAU, Mizuho, Norwegian, Huntington Bancshares, Columbus , Ohio, Friday's

☆ Amazon’s new cloud boss inherits a business under pressure to keep pace in AI
▼ + stars: | 2024-05-23 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

"It's very early days in generative AI," said Jassy, who succeeded Jeff Bezos as CEO in 2021. Davidson, told CNBC that Amazon was "caught flat-footed" by the generative AI boom. During a Q&A session on Wednesday, Jassy was asked twice about the status of Amazon's generative AI efforts. He said the company is "seeing a lot of momentum" in generative AI within AWS to where it's now a multibillion-dollar business based on annualized revenue. Amazon has previously said it intends to use generative AI to make Alexa more conversational.

Persons: Noah Berger, Andy Jassy, OpenAI's ChatGPT, Adam Selipsky, Jassy, Jeff Bezos, Matt Garman, Gil Luria, Davidson, Luria, Bezos, Selipsky, Casey McGee, McGee, Anthropic, Dario Amodei, OpenAI, it's, Garman, Amazon, wasn't, Dilip Kumar, Kumar, Swami Sivasubramanian, Jamie Meyers, Meyers, Matt, Jordan Novet, Kate Rooney Organizations: Web Services, Getty, Amazon, Microsoft, Google, D.A, CNBC, Amazon Web, Alexa, AWS, Nvidia, ChatGPT, Accenture, Toyota, Nasdaq, Investments Locations: Las Vegas, Vegas, Bezos, Anthropic

☆ AI chatbots spew out nonsense too often. But there's a solution: retrieval-augmented generation.
▼ + stars: | 2024-05-16 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +9 min

RAG was the first," said Bob van Luijt, the CEO and cofounder of the AI data infrastructure company Weaviate. WeaviateThe innovation that's sweeping AI"Every industry that has a lot of unstructured data can benefit from RAG," van Luijt said. Courtesy of Kyle DeSanaHe said that a successful RAG chatbot could carry its own pitfalls. AI engineers are eager to find more proactive solutions that don't require constant meddling with the data RAG provides to the AI. Put simply, an AI chatbot would have an effectively infinite memory, letting it "remember" any data presented to it in the past.

Persons: —, OpenAI's ChatGPT, RAG, Bob van Luijt, Bob, van Luijt, Nadaa, Taiyab, van Lujit, Van Lujit, that's, Kyle DeSana, DeSana, Weaviate, it's Organizations: Service, Nvidia, Companies, Google

☆ AT&T exec swears by this 2-word tactic for building relationships and getting ahead
▼ + stars: | 2024-05-15 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

If you're anywhere past the point of entry-level jobs, Kathryn Bockman has a leadership tactic for you: Reverse mentoring. It's an effective way to build relationships and encourage communication in the workplace, says Bockman, assistant vice president of revenue operations at telecommunications giant AT&T. At its core, the idea is simple — ask your younger colleagues about the strategies they use to do their jobs. Bockman didn't create the idea or coin the term, but she learned its value firsthand when her son Greg — now a senior production manager — was hired by AT&T as an entry-level sales consultant in 2016. The more they talked about work, the more she realized her son was gaining skills and perspectives that she didn't have.

Persons: Kathryn Bockman, It's, Bockman, Greg —, —, Greg, Ahmed Mazhari, Pryor Organizations: AT, CNBC, Harvard, Microsoft

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