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Business Insider checked in with four major firms — Boston Consulting Group, Ernst & Young, McKinsey, and PricewaterhouseCoopers (PwC) — for insights into what they might be looking for in prospective employees. AdvertisementWhat kinds of roles are consulting firms hiring for? Consulting firms often hire for a range of positions. Rod Adams, talent acquisition and onboarding leader at PwC, told BI that the company is hiring consultants, engineers, accountants, and tax professionals, among other roles. Consulting firms often say there isn't one specific background or set of skills they look for.

Persons: —, isn't, Ernst & Young, Ernst &, Alicia Pittman, Pittman, Ernst, Young, Rod Adams, who've, PwC, Adams Organizations: Service, McKinsey & Company, Business, Boston Consulting Group, Ernst, Ernst & Young, McKinsey, PricewaterhouseCoopers, Consulting, BI

☆ Local officer encountered Trump rally gunman on roof moments before shooting but retreated: report
▼ + stars: | 2024-07-14 | by ( Lauren Edmonds | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Read previewA municipal police officer at Donald Trump's rally in Pennsylvania encountered the shooter before the assassination attempt but retreated, according to The Washington Post. Secret Service agents quickly surrounded the president, who later confirmed in a Truth Social post that a bullet struck his ear. A Secret Service sniper fatally shot Crooks. AdvertisementLaw enforcement officials and the Secret Service are facing criticism following the incident. According to the outlet, the roof was less than 164 yards from where Trump stood onstage.

Persons: —, Donald Trump's, Butler County Sheriff Michael T, Slupe, Thomas Matthew Crooks, Crooks, Trump, Joe Biden, Biden, Mike Johnson Organizations: Service, The Washington Post, Butler County Sheriff, Business, Trump, Secret Service, Defense Intelligence Agency, BI, GOP, Federal Bureau of Investigation, Republican National Convention Locations: Pennsylvania, Butler County, Butler, Milwaukee

☆ Billionaire hedge fund manager Bill Ackman endorses Trump following assassination attempt in Pennsylvania
▼ + stars: | 2024-07-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Billionaire hedge fund manager Bill Ackman endorsed Donald Trump for president on Saturday. Ackman's announcement on X came hours after an assassination attempt on Trump in Pennsylvania. Ackman assured Biden supporters that he hadn't "lost it" and came to the decision carefully. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBillionaire hedge fund manager Bill Ackman has officially come out in support of former president Donald Trump's re-election campaign, following an assassination attempt at a Trump rally on Saturday.

Persons: Bill Ackman, Donald Trump, Ackman, Biden, —, Donald Trump's, @realDonaldTrump, Trump, @POTUS Biden Organizations: Trump, Service, Billionaire, Business Locations: Pennsylvania

☆ What billionaires and CEOs are wearing at this year's Sun Valley conference: Red, white, and corporate vests
▼ + stars: | 2024-07-13 | by ( Lakshmi Varanasi | Madeline Berg | ) www.businessinsider.com time to read: +1 min

Execs and celebs headed to the Sun Valley Conference this week, giving us a look into their style. The conference, known as 'summer camp for billionaires,' typically has a casual dress code. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEvery July, executives in tech, media, and finance flock to the small resort town of Sun Valley, Idaho, for the Allen & Co. Sun Valley Forum — aka "summer camp for billionaires." Attendees usually adhere to a simple dress code of t-shirts, vests, and athleisure for conference sessions in between the rounds of golf, schmoozing, and dealmaking.

Persons: — Organizations: Sun, Service, Allen, Co, Business Locations: Sun Valley , Idaho

☆ Netflix CEO believes streaming has made the world 'safer'
▼ + stars: | 2024-07-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Netflix's Ted Sarandos says streaming has made the world a "smaller and safer place." He says platforms like Netflix expose viewers to other cultures, making them more empathetic. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAccording to Ted Sarandos, co-chief executive of Netflix, his company is making the world a better place. Streaming is "not only great for culture, in a strange way, I think it's been great to make the world a safer place," Sarandos said on the the tech podcast Hard Fork.

Persons: Ted Sarandos, —, it's, Sarandos, Greg Peters Organizations: Service, Netflix

☆ OpenAI's latest reputation problem: hackers
▼ + stars: | 2024-07-06 | by ( Kenneth Niemeyer | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. Related storiesOpenAI told Business Insider that the company had "identified and fixed" the "underlying security issue" that led to the breach. AdvertisementStill, the hacking prompted concern inside and outside the company that OpenAI's security is too weak, leaving it open to foreign adversaries like China. He described the company's security as "egregiously insufficient" to protect against theft by foreign actors. A month after OpenAI fired Aschenbrenner, two more of the team's top members quit, and the team effectively dissolved.

Persons: —, OpenAI, Leopold Aschenbrenner, Aschenbrenner, Ilya Sustkever, Sam Altman's, Sustkever, Jan Leike, Paul Nakasone Organizations: Service, Business, New York Times, FBI, Employees, NSA, US, Command, Defense Department Locations: China, United States

☆ The copyright lawsuits against OpenAI are piling up as the tech company seeks data to train its AI
▼ + stars: | 2024-06-30 | by ( Kenneth Niemeyer | Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Leading tech companies like Google, Meta, OpenAI, Anthropic, and Microsoft are all scrambling to find new sources of data. Part of the problem is that publishers are increasingly accusing these companies of hoovering up copyrighted data. One solution is synthetic data, which is artificially generated rather than collected from the real world, and can easily be generated by machine learning algorithms. OpenAI has considered synthetic data as an option to train its models, but CEO Sam Altman has raised concerns about producing quality data. "As long as you can get over the synthetic data event horizon, where the model is smart enough to make good synthetic data, everything will be fine," Altman said at a tech conference in May 2023.

Persons: —, Simon, Schuster, OpenAI, they'll, Mother Jones, Monika Bauerlein, Axel Springer, Sam Altman, Altman Organizations: Service, Google, Microsoft, Meta, Business, US Copyright, Investigative, Center, Author's, New York Times, Guild, Associated Press, The, Street, New, New York Post, Prisa Media, Le Monde, Financial Times Locations: New York, The

☆ As employee confidence in AI's potential grows, so does their anxiety
▼ + stars: | 2024-06-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Workers are more confident — and anxious — about AI than they were a year ago, a BCG survey found. Leaders are also more confident and trained in AI than their workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to a new report from Boston Consulting Group, workers' confidence in generative AI has grown over the past year — but so has their anxiety. It found that confidence in generative AI surged 16% between 2023 to 2024, but that anxiety did too: about 5%.

Persons: — Organizations: Companies, Service, Boston Consulting Group

☆ Is Big Tech wrong to train AI models on 'messy' public data? A chat with synthetic data evangelist Ali Golshan.
▼ + stars: | 2024-06-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

Instead, they're calling for companies to train their models on synthetic data. Synthetic data is artificially generated rather than collected from the real world. AdvertisementBusiness Insider chatted with Ali Golshan, CEO and cofounder of Gretel, who one might call an evangelist for synthetic data. Why is synthetic data better than raw public data? AdvertisementUltimately, the other part of it is that synthetic data is very good at privacy if you have enough data.

Persons: —, Ali Golshan, Gretel, Young, There's Organizations: Service, Companies, Meta, Google, Business, Ernst, Riot, Federal Trade Commission

☆ It's dangerously easy to 'jailbreak' AI models so they'll tell you how to build Molotov cocktails, or worse
▼ + stars: | 2024-06-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

A jailbreaking method called Skeleton Key can prompt AI models to reveal harmful information. The technique bypasses safety guardrails in models like Meta's Llama3 and OpenAI GPT 3.5. Microsoft advises adding extra guardrails and monitoring AI systems to counteract Skeleton Key. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt doesn't take much for a large language model to give you the recipe for all kinds of dangerous things.

Persons: —, Mark Russinovich Organizations: Microsoft, Service, Business

☆ Microsoft AI CEO explains why the economics of information are about to 'radically change'
▼ + stars: | 2024-06-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

AI will cut the marginal costs of producing information, Microsoft AI CEO Mustafa Suleyman says. AdvertisementIf the internet dramatically cut the costs of producing information, AI is bound to eliminate them. That's according to Mustafa Suleyman, the CEO of Microsoft AI. "The economics of information are about to radically change," Suleyman said in an interview with journalist Andrew Ross Sorkin at the Aspen Ideas Festival this week. "In 15 or 20 years' time, we will be producing new scientific, cultural knowledge at almost zero marginal cost."

Persons: Mustafa Suleyman, Suleyman, —, Andrew Ross Sorkin Organizations: Microsoft, Service, Aspen Ideas

☆ Employers want students with generative AI skills for work, but students just want to use it for fun
▼ + stars: | 2024-06-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Employers are prioritizing entry-level workers with generative AI skills. Job descriptions mentioning generative AI have tripled on Handshake's portal over the past year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Employers are prioritizing entry-level workers with generative AI skills amid rapid advances in the technology. On the student job and internship portal Handshake, the number of job descriptions that mention generative AI tools has more than tripled over the past year.

Persons: — Organizations: Service, Business

☆ AI is everywhere, and businesses don't know where to start. Here's what consultants are telling clients.
▼ + stars: | 2024-06-28 | by ( Lakshmi Varanasi | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Some 900 of PwC's top 1,000 consulting clients are now working with the firm on incorporating AI into their businesses, a spokesperson told Business Insider. Even as some companies focus on how AI might rewrite corporate playbooks, some businesses are asking consultants how to get started. Advertisement"Many CIOs are afraid that they don't have the right skills," he told BI. Where to beginMany companies are still determining how they might use AI and GenAI, according to several consultants. This enables greater seamlessness down the line, and that is where the magic lies," he told BI.

Persons: —, Ben Ellencweig, Allison Bailey, Bailey, Greg Sward, They're, Jim Rowan, Rowan, Vlad Lukic, Roy Singh, Joe Atkinson, Atkinson, Deloitte's Rowan, Bain's Singh, PwC's Atkinson, he's, Singh Organizations: Service, Business, McKinsey & Company, Boston Consulting, KPMG US, Deloitte Consulting, Bain & Company, Companies, Carrefour, & $

☆ The unregulated multibillion-dollar life coaching industry can be a haven for discredited therapists
▼ + stars: | 2024-06-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Some therapists who have lost their licenses have rebranded themselves as "life coaches." The life coaching industry generated $4.5 billion in revenue in 2022. Life coaching is an unregulated industry, so prospective patients should tread carefully. They can try "life coaching" instead. This loosely defined group of professionals generated $4.5 billion in revenue in 2022, according to The International Coaching Federation.

Persons: —, they're Organizations: Service, International Coaching Federation, Business

☆ Anthropic CEO says we need to think bigger than a universal basic income if we want to solve the AI inequality problem
▼ + stars: | 2024-06-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Rapid advances in AI may concentrate power and wealth among a small elite. Anthropic CEO Dario Amodei says a universal basic income may not sufficiently address the shift. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe rapid advances in AI could consolidate power and wealth in the hands of a small few , which is why many in the tech industry have called for a universal basic income.

Persons: Dario Amodei, — Organizations: Service

☆ The Justice Department is coming for AI: 'If your AI fixes prices, you're just as responsible'
▼ + stars: | 2024-06-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

The Justice Department is cracking down on anticompetitive uses of artificial intelligence. The DOJ has been investigating RealPage for using AI algorithms to set high prices since 2022. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Department of Justice is now cracking down on such anticompetitive uses of the buzzy new technology. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Department, DOJ, Biden, Big Tech, Service, Justice, Business

☆ McKinsey says it needs to reinvent itself and that AI is the answer: 'It's going to be most of what we do in the future'
▼ + stars: | 2024-06-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Generative AI has become the leading conversation topic at the world's premiere consulting firms. "How do we actually inject gen AI and AI thinking into ways of doing business?" The launch of ChatGPT marked an inflection point for McKinsey's work on generative AI. He added that McKinsey has worked on roughly 400 generative AI projects in the last six months. McKinsey's work helps the young startup "build trust" among more organizations, Cohere's founder and CEO Aidan Gomez told Business Insider.

Persons: It's, Ben Ellencweig, Ellencweig, they're, it's, Aidan Gomez Organizations: Service, McKinsey & Company, McKinsey, Business Locations: India, Brazil, United States, Israel

☆ This new technology for nuclear power could help fuel the AI revolution
▼ + stars: | 2024-06-20 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Scientists have long considered nuclear energy one of the cleanest and most reliable forms of energy production. Tech companies at the forefront of the AI revolution are also turning to nuclear energy to power their vast AI data centers. A new fuel cycle for nuclear powerTransmutex's technology destroys nuclear waste and produces new nuclear fuel. AdvertisementNuclear physicists say the company's technology avoids one of the biggest concerns with nuclear energy: that the same fuel used to power nuclear plants can also be used to manufacture atomic weapons. Oklo, a startup backed by OpenAI CEO Sam Altman, is betting on generating nuclear power through small nuclear reactors.

Persons: —, Jennifer Granholm, Franklin Servan, Schreiber, Transmutex, Cameron Porter, Andrei Afanasev, George, Afanasev, Mark Zuckerberg, Sam Altman, nicolas lieber, photographie Servan Organizations: Service, Business, US, . Tech, Steel, George Washington University's Institute for Nuclear Studies, Department of Energy, Energy Locations: Swiss, Switzerland, United States, Saudi Arabia, Transmutex, Georgia

☆ Bill Gates says nuclear power has 'impressive' bipartisan support
▼ + stars: | 2024-06-16 | by ( Katie Balevic | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Read previewThe forecast looks bright for American nuclear energy, Bill Gates says. The billionaire former Microsoft CEO is already building a nuclear power plant in Wyoming with TerraPower, a company he cofounded. Related stories"Their support for nuclear power is very impressive in both parties," Gates told CBS News on "Face the Nation" on Sunday. And you really don't want the nuclear reactors around the world, made by our adversaries, because it's economically a huge job creator." That steam is then routed through the nuclear reactor's steam system to spin turbines and produce electricity.

Persons: —, Bill Gates, Gates, It's, Joe Biden Organizations: Service, Microsoft, Business, CBS, of Nuclear Energy, Tech Locations: Wyoming, United States

☆ Can the stars predict the stock market? Gen Z thinks so.
▼ + stars: | 2024-06-16 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Some young investors are using astrology and tarot cards to guide day trading decisions. They believe stock market behavior aligns with cyclical patterns of planets and the moon. Gen Z sees astrology as a form of inner clarity, akin to religion, amid shifting identities. The idea is that everything — from the whims of the stock market to the rotation of the planets — is cyclical. AdvertisementSo relying on astrology, tarot cards, or some other method of divination is, in some sense, an act of faith.

Persons: —, it's, TJR, MAREN, Paige Doherty Organizations: Service, Business, Genius Ventures

☆ Students say these tips helped them get an internship despite stiff competition this summer
▼ + stars: | 2024-06-15 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Summer internships at top-tier companies are more competitive than ever this year. Applications per internship jumped to 93, up from 53 last year, according to Handshake, a jobs site. Students who landed a summer role say their top tip is to apply early and network. AdvertisementLanding a summer internship at a top-tier company isn't easy, but this year, the competition is steeper than ever. The number of internships offered on Handshake, a job and internship platform used by millions of college students, fell by 7% this year.

Persons: — Organizations: Service, Business

☆ Why OpenAI is getting harder to trust
▼ + stars: | 2024-06-15 | by ( Kenneth Niemeyer | Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

OpenAI appointed former NSA Director Paul Nakasone to its board of directors. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It just appointed a former NSA director to its board. In its latest eyebrow-raising move, the company said Friday it had appointed former NSA Director Paul Nakasone to its board of directors.

Persons: OpenAI, Paul Nakasone, — Organizations: NSA, Service, Business

☆ Hybrid workers are happier and just as productive as office workers, new study says
▼ + stars: | 2024-06-15 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Hybrid work boosts job satisfaction, a study published in Nature found. Hybrid work also fosters employee well-being and benefits businesses like cafes and gyms. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne of the greatest debates of the post-pandemic age is whether hybrid work is the best — or worst — of both worlds. Advocates of hybrid work say it helps them achieve a better work-life balance and is more engaging.

Persons: — Organizations: Service, Employers, Business Locations: Nature

☆ McKinsey exec tells summer interns that learning to ask AI the right questions is the key to success
▼ + stars: | 2024-06-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Learning to ask AI the right questions is important for young consultants, McKinsey exec says. The McKinsey exec told one intern to learn to be a great 'prompt engineer.' AdvertisementStanding out in a summer internship these days boils down to one thing — learning to talk to AI. At least, that's the advice McKinsey's chief client officer, Liz Hilton Segel, gave one eager intern at the firm. "My advice to her was to be an outstanding prompt engineer," Hilton Segel told The Wall Street Journal.

Persons: McKinsey, —, Liz Hilton Segel, Hilton Segel Organizations: McKinsey, Service, Wall Street Journal

☆ OpenAI seems awfully defensive about its AI voice engine
▼ + stars: | 2024-06-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

OpenAI released a statement Friday on its safety efforts for Voice Engine, its text-to-speech model. Voice Engine generates natural-sounding speech that some fear could be used for deepfakes. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: OpenAI, — Organizations: Service, Business

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