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Big Tech companies are testing AI tools internally in a massive 'dogfooding' experiment. This involves Big Tech companies taking large language models and generative AI tools and putting them to work inside their own organizations. The findings could also change how Big Tech companies operate — and how many expensive engineers they need. Big Tech companies want to sell AI tools to help businesses, developers, advertisers, creators, and other customers reach this new productivity nirvana. If these dogfooding tests go well, Big Tech companies may not need to hire as many workers in the future.
Persons: , It's, Googler Anthony Vallone, Ruth Porat, Hugh Langley, it's, BI's Ashley Stewart, Stewart, there's, Urs Hölzle Organizations: Big Tech, Google, Microsoft, Service, Microsoft Microsoft Locations: Silicon
AdvertisementAfter a period of "wild west" investing in AI, Blank believes activity will favor AI companies that respect artists' consent and compensation. It recently co-led a $1 million seed round in Conduiit, which centralizes entertainment companies' production finance operations. Endeavor Venture InvestmentsEndeavor Venture Investments is the venture arm of entertainment and sports behemoth Endeavor. SWaN & LegendThe Virginia-based VC firm has a broad consumer portfolio that includes a number of entertainment investments. With Hollywood in contraction, SWaN has largely hit pause on new entertainment investments to get its portfolio companies on a strong footing.
Persons: Michael Blank, Blank, Jon Miller, Miller, Slack, Garnet Heraman, BDMI, Urs Cete, Michael, TMRW, Tiger Woods, Rory McIlroy, Elysian Park Ventures Jay Adya, Grant Lamos, Tom Brady, Gotham Chopra, Michael Strahan, Jay Adya, Morgan, Kushaan Ahuja, Drew Glover, Glover, Alex Harris, they've, Noah Doyle, Payback India, Jed Katz, Rich Greenfield, Rich, Ilya Pozin, Jamie Seltzer, LightShed, Steve Cohen's, it's, Sri Chandrasekar, Tripp Shriner, Ishan Sinha, That's, Wondery, Ian Doody, Raine, Gordon Rubenstein, Joe Ravitch, Jeff Sine, , Fred Schaufeld, SWaN, that's, Oscar, Jose, Schaufeld, Sam Wick, Alex J, Investcorp, Paul Yoo, Edgar Bronfman Jr, Daniel Leff, Waverley, Leff Organizations: Service, Creative Artists, Connect Ventures, Business, Hollywood, Veteran, TPG, Integrated Media Co, Advancit, CAA, Bertelsmann, Waverley, Octopus Ventures, Accel, Facebook, Venture, Aperture Venture, Bertelsmann Digital Media Investments, Fremantle, Connect, CAA Connect Ventures, New Enterprises Associates, TMRW Sports, Disney, Universal, Elysian Park Ventures, Elysian, Sports, Endeavor Venture, Endeavor Venture Investments, behemoth Endeavor, Dapper Labs, Fiat Ventures, Fiat Ventures Fiat Ventures, Fiat, Payback, Rent, LightShed, Rich Greenfield Influential, LightShed Ventures, Pluto, Apple, Octopus Ventures Octopus Ventures, Investments, Corp, Etsy, Re, Point72 Ventures New York Mets, Range Media Partners, Point72 Ventures, Sri, Powerhouse, Athletic, The New York Times Co, Evolution Media, Creative Artists Agency, Astro, Rave Digital Media, Accel Entertainment, Jose Andrés Media, Berliner, UTA Talent, UTA, UTA Ventures, Ventures, VR, Amazon, PFL Locations: blockchain, , Conduiit, fintech, London, Australia, Papercup, Los Angeles, Virginia, UTA.VC
Switzerland plans to bid for the 2030 or 2034 Winter Olympic Games. On Friday, the Swiss Olympic Association announced the country would be bidding for the 2030 or 2034 Winter Games. If Switzerland manages to stick to the budget, it will be the cheapest Winter Olympics ever — after adjusting for inflation, according to Bloomberg. AdvertisementIn fact, Swiss citizens have already rejected at least three previous bids for the Winter Olympics in recent years, per Bloomberg. The last edition of the Winter Olympics in Beijing had an official price tag of $3.9 billion — busting its initial $1.6 billion budget.
Persons: , Urs Lehmann Organizations: Olympics, Service, Swiss Olympic Association, Bloomberg, Olympic, Games, Winter, Swiss Ski Association, Reuters Locations: Switzerland, Beijing, Pyeongchang, South Korea
When Credit Suisse’s board met to approve the bank’s forced sale to UBS in March, paintings of every bank chairman since 1856 lined the boardroom. A lawyer from Zurich, Urs Rohner , was the last to get a portrait. Chairman between 2011 and 2021, he wasn’t there in person that day. But his tenure loomed over the proceedings. He had helped turn one of Switzerland’s most solid institutions into a tinderbox.
Persons: Urs Rohner Organizations: UBS Locations: Zurich
Switzerland to bid for 2030 or 2034 Winter Games
  + stars: | 2023-11-24 | by ( ) www.reuters.com   time to read: +3 min
[1/2] A view shows the Olympic Rings in front of the Olympic House, headquarters of the International Olympic Committee (IOC), during the executive board meeting of the International Olympic Committee (IOC), in Lausanne, Switzerland, March 28, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsGENEVA, Nov 24 (Reuters) - Switzerland on Friday announced it would bid for either the 2030 or 2034 Winter Olympic and Paralympic Games, which would be the third time the Alpine country has hosted the event. Japan's northern city of Sapporo last month dropped its bid for the 2030 Winter Olympics and said it would consider hosting the Games in 2034 or in subsequent years. According to studies by the IOC's future host commission for Winter Games, only 10 nations would be able to host the snow sports of the Olympic Winter and Paralympic Games by 2040. Switzerland - which hosted the Winter Olympic Games in St. Moritz in 1928 and 1948 - has struggled in recent years to get its population behind its Olympic bids.
Persons: Denis Balibouse, Jurg Stahl, Urs Lehmann, Moritz, Gabrielle Tétrault, Farber, Noele, Toby Davis Organizations: Rings, Olympic House, International Olympic Committee, REUTERS, Rights, Paralympic Games, Swiss Olympic Association, Olympic, IOC, Swiss, Swiss Ski Association, Games, Winter Games, Swiss Olympic, Cortina d'Ampezzo, Thomson Locations: Lausanne, Switzerland, Salt Lake City, United States, Sweden, France, Japan's, Sapporo, St, Milan
The result kept Napoli in second place on six points, three behind Real Madrid who won 2-1 at Sporting Braga. "It wasn't our best game technically, but winning this kind of game is important," scorer Raspadori said. I believe we could have done better, but an away win like this in the Champions League is always good. Playing in the Champions League and scoring is fantastic," he said. Yes we lost but overall delivered a good game."
Persons: Giacomo Raspadori, Napoli's Khvicha, Napoli, Raspadori, Aaronson, David Fofana, Victor Osimhen, Kvaratskhelia, Frederik Ronnow, Christopher Trimmel, Fofana, Urs Fischer, Karolos Grohmann, Christian Radnedge, Ken Ferris Organizations: Union Berlin, Champions League Group, Real Madrid, Sporting Braga, Braga, Champions League, Napoli, Union, League, Thomson Locations: Germans, Raspadori
Jeff Kowalsky | Bloomberg | Getty ImagesA string of Google executives have changed their roles in the span of several months, in a shift that has sidelined many of company's remaining old guard. The changes encompass high-profile executives such as CFO Ruth Porat, YouTube CEO Susan Wojcicki, and employee No. Some say they have left their roles for a new challenge and others have left to seek opportunities in AI. While she'll still be in an advisory role at Google, she said, she wanted to "start a new chapter." Google's AI head, Jeff Dean, who's been at Google since 1999, became a chief scientist as part of the change.
Persons: Ruth Porat, Jeff Kowalsky, Susan Wojcicki, Urs Hölzle, Susan Wojcicki —, Sergey Brin, Larry Page, she'll, Robert Kyncl, David Lawee, Hölzle, Morgan Stanley, Porat, Courtenay Mencini, who've, it's, OpenAI, Sundar Pichai, Google execs, Prabhakar Raghavan, HJ Kim, Geoffrey Hinton, Demis, James Manyika, Jeff Dean, who's, It's Organizations: Inc, Michigan Central Station, Bloomberg, Getty, Google, YouTube, Warner Music Group, CapitalG, CNBC, New York Times, McKinsey, Google Research Locations: Detroit , Michigan, Silicon Valley
Urs Holzle, Google's senior vice president for technical infrastructure, speaks about the Google Cloud Platform during a conference on June 25, 2014, in San Francisco. 8 Urs Holzle will step back from management after 24 years of leading technical teams, CNBC has learned. Most recently leading technical infrastructure for Google Cloud and reporting directly to CEO Thomas Kurian, Holzle oversaw an organization that consisted of more than 12,000 full-time employees. The move comes amid a shakeup within the company's cloud organization, according to an email from Cloud CEO Thomas Kurian viewed by CNBC. Ben Treynor Sloss, vice president of engineering at Google Cloud, will begin reporting directly to Kurian.
Persons: Urs Holzle, Google's, Thomas Kurian, Holzle, he's, Chris Vonderhaar, Ben Treynor Sloss, Kurian, Jeff Dean, he'd Organizations: Google, CNBC, Cloud, Services, AWS, Center, Amazon, Microsoft Locations: San Francisco, New Zealand
What Really Happened Inside This Nazi Brothel?
  + stars: | 2023-07-04 | by ( Charlotte Shane | ) www.nytimes.com   time to read: +1 min
THE MADAM AND THE SPYMASTER: The Secret History of the Most Famous Brothel in Wartime Berlin, by Nigel Jones, Urs Brunner and Julia SchrammelThe brothel owner Kitty Schmidt began to sneak portions of her savings out of Nazi Germany sometime in the mid-1930s, often by sending her girls to London with cash sewn in their underwear. By 1938, officials had caught on, but thanks to her police connections, she wasn’t formally charged with currency smuggling. If she wanted to flee the Third Reich, it had to be now. Although Schellenberg’s memoirs describe the existence of such an establishment, where all the staff, “from the maids to the waiter,” were spies for the Nazi regime, most of what we know is likely invented. In “The Madam and the Spymaster,” the journalists Nigel Jones, Urs Brunner and Julia Schrammel try to uncover the facts.
Persons: Nigel Jones, Urs Brunner, Julia Schrammel, Kitty Schmidt, wasn’t, Kitty, Walter Schellenberg, Schellenberg, Albrecht, Organizations: Nazi, SS, Prinz Locations: Wartime Berlin, Nazi Germany, London, Italian
Novartis names Sandoz board members ahead of spin-off
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +1 min
ZURICH, May 15 (Reuters) - Novartis (NOVN.S) on Monday named the intended new board members of Sandoz, the generics business it plans to spin off to shareholders later this year. The Basel company approved the recommendations of Sandoz Chairman-designate Gilbert Ghostine for the 10 members of the board, which will start preparatory work in June. Others to be appointed to the board include former Novartis executive Karen Huebscher, Aarti Shah, who worked at Eli Lilly (LLY.N), and Deutsche Lufthansa (LHAG.DE) CFO Remco Steenburgen. Unilever (ULVR.L) Chief Legal Officer Maria Varsellona, and former Procter & Gamble (PG.N) executive Yannis Skoufalos, complete the nominations to the committee. "The Sandoz Board of Directors will start preparatory work from June onwards and will be effective following the planned spin-off of Sandoz in the second half of 2023, subject to Novartis Board of Directors and shareholder approval," Novartis said on Monday.
Credit Suisse debacle raises oversight question: podcast
  + stars: | 2023-05-09 | by ( Lisa Jucca | ) www.reuters.com   time to read: 1 min
ZURICH, May 9 (Reuters Breakingviews) - Swiss authorities hailed the state-backed rescue of the stricken lender by UBS as a commercial solution that will be light on domestic taxpayers. Banking professor and former SNB official Urs Birchler tells The Exchange podcast why the quick fix is far from ideal. Listen to the podcastFollow @LJucca on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Thomas ShumOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
These adorable sand cats could be under threat
  + stars: | 2023-05-02 | by ( Nell Lewis | ) edition.cnn.com   time to read: +6 min
The sand cat has been observed hunting the venomous Saharan horned viper, pictured here buried in the sand. This elusive nature is no doubt one of the reasons sand cats have been so under-reported, says Breton. The report notes that sand cats appear to travel greater distances than any other cat of their size, including black-footed cats and African wildcats. Sand cats in dangerThe report’s findings could have serious implications for the sand cat’s conservation status. There are also local threats from shepherd dogs that sometimes kill sand cats; domestic cats carrying diseases that are dangerous for the wild species; and there have also been cases of sand cats being captured for the illegal pet trade, he adds.
That has far-reaching implications for tech workers and those seeking to work in the industry. By some estimates, more than 250,000 tech workers have been laid off since the start of 2022. Site-reliability engineers manage the operations of Google's systems and keep them running, while software engineers work on developing Google's infrastructure and products. This trend has significant implications for tech workers and those hoping to work in the industry. As Insider's Ito has reported, tech workers and software engineers have often been thought of as impervious to the march of automation.
Credit Suisse mess leaves scattered Swiss debris
  + stars: | 2023-04-24 | by ( Lisa Jucca | ) www.reuters.com   time to read: +7 min
ZURICH, April 24 (Reuters Breakingviews) - Swiss government intervention to save Credit Suisse (CSGN.S) from collapse last month may have avoided a financial market storm. SWISS “TRINITY” QUESTIONThe rescue of Credit Suisse has other consequences. The Swiss Bankers Association has called for an independent inquiry, and lawmakers gave a symbolic thumbs-down to the rescue of Credit Suisse on April 12. A Senate Finance Committee report found last month Credit Suisse had violated a 2014 deferred prosecution agreement with U.S. authorities by continuing to help rich Americans dodge taxes. Switzerland’s parliament on April 12 rejected a Credit Suisse rescue package that included 109 billion Swiss francs in financial guarantees.
The four art dealers who trade together as LGDR have opened a gallery on East 64th Street with a preposterous inaugural exhibition — but before you take that the wrong way, remember the etymology. Preposterous, adjective: from the Latin prae-, meaning “before,” and posterus, or “coming after.” Something preposterous is turned the wrong way. …I had better stop; “Rear View,” with more than 60 paintings, sculptures and photographs of human figures facing the more interesting way, invites a preposterous amount of wordplay. Many of the artists in “Rear View” channel their backward glances through the classical ideal. Michelangelo Pistoletto, the Arte Povera artist, places a concrete copy of the Aphrodite of Knidos in a pile of trash.
"There is a chance that the situation might accelerate our existing plans," he added, and suggested the bank would be open to looking into purchasing businesses from Credit Suisse, should they become available. "We want to grow and we have stated that we are open to looking at external growth as well, regardless of the situation of Credit Suisse," Baumann said. The Canton of Zurich is liable under the state guarantee for any ZKB liabilities which the bank cannot cover in the event of trouble. Deposits in Swiss bank accounts are usually only protected up to 100,000 Swiss francs. ($1 = 0.9190 Swiss francs)($1 = 0.9168 Swiss francs)($1 = 0.9160 Swiss francs)($1 = 0.9164 Swiss francs)Reporting by Noele IllienOur Standards: The Thomson Reuters Trust Principles.
The US is losing tech workers to other countries. And so, many tech workers are opting to move and work there instead of the US. Plus, many of these countries are making their immigration systems easier for tech workers. My teammates Emilia David and Paayal Zaveri break down how the US is on the brink of losing an entire generation of tech workers. And it showed that Boomers and Gen Z both love many of the same cars, including the Toyota RAV4.
Google will be focusing on efficiency this year "given the economic environment," engineering senior vice president Urs Hölzle told technical infrastructure teams. Additionally, the team will aim to use automation to reduce the ratio of site reliability engineers to software engineers to less than 5%. Site reliability engineers manage the operations of Google's systems and keep them running, while software engineers work on developing Google's infrastructure and products. Besides efficiency, Google's technical infrastructure teams plan to focus on reliability, infrastructure innovation, security of infrastructure and data, climate and sustainability, and effectiveness. Below are more details on what Google's technical infrastructure teams plan to focus on:Theme #1: EfficiencyHölzle said that the team should focus on technical efficiency.
Reuters Graphics Reuters GraphicsThe Swiss Bank Employees Association, in a statement to Reuters, demanded that UBS keep job cuts to an "absolute minimum". The statement underscores the sense of unease in Switzerland, with its reputation as a global financial center on the line. Green Party lawmaker Gerhard Andrey said that Credit Suisse is "such a visible institute". "A few months ago, nobody would have thought that Credit Suisse would fail. "But also that we are upholding the reputation of the Swiss financial centre."
ZURICH/BERLIN/LONDON, March 20 (Reuters) - Urs Kessler, who runs Jungfrau Railways, a train that takes tourists up the highest mountain in Switzerland, was excited for the return of Chinese tourists after COVID-19 restrictions were lifted late last year. Chinese outbound flight bookings to Europe during March and August are only 32% that of pre-pandemic levels, according to travel data firm ForwardKeys. OPTIMISM FOR THE FUTUREMany tourist operators and retailers hope the second half will bring a relaxation in visa policies, more flights and the long-expected influx of Chinese tourists. Harrods launched branded stickers, including its iconic teddy bear, on China's popular WeChat messaging platform this year to attract Chinese tourists. Kessler believes his Lang Lang campaign was still worth it.
ZURICH, Jan 14 (Reuters) - UBS (UBSG.S) has no interest in buying fellow Swiss lender Credit Suisse (CSGN.S), the bank's Chairman Colm Kelleher said in a interview published on Saturday. "We have no desire to buy Credit Suisse," Kelleher told the Neue Zuercher Zeitung. "There are always scenarios, but none that are convincing," he said when asked if there were any situations where a UBS takeover of Credit Suisse made sense. The former chairmen of Credit Suisse and UBS supported a merger between the two banks, and held talks in the first half of 2020, Swiss media reported two years ago. The discussions eventually lapsed, the media reports said, and both Urs Rohner and Axel Weber have since left their roles at Credit Suisse and UBS respectively.
ZKB not poaching Credit Suisse clients - CEO in paper
  + stars: | 2022-12-17 | by ( ) www.reuters.com   time to read: +1 min
[1/2] The logo of Zuercher Kantonalbank (ZKB) bank is seen at its headquarters in Zurich, Switzerland September 24, 2020. REUTERS/Arnd WiegmannZURICH, Dec 17 (Reuters) - Zuercher Kantonalbank (ZKB.UL) is not trying to poach clients from embattled Credit Suisse (CSGN.S), the state-backed cantonal bank's chief executive said in a newspaper interview published on Saturday. Amid a social media storm that sparked unfounded speculation about its stability, Credit Suisse reported sharp outflows in October as wealthy clients moved assets elsewhere, although its chairman has said the situation has since stabilised. ZKB CEO Urs Baumann told the Neue Zuercher Zeitung his bank was not actively approaching Credit Suisse clients and said ZKB was not using its state backing as a marketing tool amid such market jitters. Asked would it mean for the Swiss banking sector and for ZKB if problems at Credit Suisse intensified, he said:"We want a strong CS.
Googlers are creating and sharing memes to express their anxiety about industry layoffs. Sources say they have not heard of planned layoffs at Google, but many employees are still nervous. Amazon, Meta, and Twitter have cut thousands of jobs lately. Across the tech industry, companies including Amazon, Meta, and Twitter are laying off thousands. Meta laid off 11,000 employees, while Twitter laid off more than 3,000 full-time employees, along with many contract workers.
Explainer: Credit Suisse in spotlight ahead of strategy shift
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +5 min
WHY IS CREDIT SUISSE IN THE SPOTLIGHT? A spying scandal forced then-CEO Tidjane Thiam to quit in 2020, and Switzerland's financial regulator said Credit Suisse had misled it about the scale of its surveillance. His successor Thomas Gottstein lasted until July 2022, when Credit Suisse turned to restructuring expert Ulrich Koerner as CEO and launched a second strategic review within a year. Credit Suisse is looking to sell the Savoy Hotel in central Zurich, which could be worth 400 million Swiss francs. Since its foundation in 1856, Credit Suisse has played a central role in the history and development of Switzerland.
Bochum stun Bundesliga leaders Union Berlin 2-1
  + stars: | 2022-10-23 | by ( ) www.reuters.com   time to read: +2 min
BOCHUM, Germany Oct 23 (Reuters) - Relegation-threatened VfL Bochum scored once in either half to stun Union Berlin 2-1 on Sunday, leaving the Bundesliga leaders with only a slim gap at the top and bagging a second win of the season to move off the bottom of the table. Pantovic had another chance to put Union back in the game but the former Bochum player's 78th-minute penalty was parried by keeper Manuel Riemann. Bochum's second win of the season lifted them off last place and into 17th on seven points. Schalke 04, who sacked coach Frank Kramer on Wednesday, dropped to bottom place following their 2-1 defeat at Hertha Berlin courtesy of Wilfried Kanga's 88th-minute winner. Register now for FREE unlimited access to Reuters.com RegisterReporting by Karolos Grohmann; editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.
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