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☆ Dropbox's CEO explains why the company adopted Jeff Bezos' 'memo-first' meeting culture from Amazon
▼ + stars: | 2024-10-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

The company uses memos in meetings, which begin with attendees reading them and leaving comments. Amazon's Jeff Bezos famously banned PowerPoints in exec meetings, instead asking for 6-page memos. AdvertisementJeff Bezos' rules for meetings at Amazon have made their way to Dropbox. Dropbox CEO Drew Houston said his company has adopted the "memo-first" meeting culture. Instead, he asks for a 6-page "narratively structured" memo, and the meeting kicks off with attendees silently reading it.

Persons: Dropbox, Amazon's Jeff Bezos, —, Jeff Bezos, Drew Houston, you've, Logan Bartlett, Houston, PowerPoints, Bezos, they've Organizations: Service, Amazon Locations: Dropbox

Others say they’ve also stepped in as translators for their parents during their childhood — and that these duties continue into adulthood. Monica Mikael is glad her parents are using ChatGPT, but she does have some concerns. When ChatGPT was released in November 2022, Mikael jumped at the opportunity to teach her parents how to use it. “After a month or so, they were using it entirely on their own.”Now, Mikael’s parents barely ask her for help. “And then I realized she and all my Indian aunties are using ChatGPT,” Verma said.

Persons: Michelle Fang, “, ”, Fang, he’s, they’ve, Monica Mikael, Monica Mikael ., Monica Mikael Mikael, Mikael’s, ChatGPT, Mikael, it’s, ” Sheeta Verma, Sheeta Verma, aren’t, ” Verma, there’s, It’s, ” Fang, Verma Organizations: Pew Research Center, NBC Asian Locations: New Jersey, San Francisco, Los Angeles, East, Southeast, NBC Asian America

☆ Nvidia's CEO never schedules one-on-one meetings—unless someone specifically asks for it: ‘Then I’ll drop everything’
▼ + stars: | 2024-06-11 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Jensen Huang doesn't schedule one-on-one meetings with the people who report to him — but that doesn't mean he has no time for them. The billionaire Nvidia CEO and co-founder revealed that aspect of his managerial style during a talk at Stanford University in March. DON'T MISS: The ultimate guide to becoming a master communicator and public speakerIn Huang's case, scheduling 55 recurring one-on-one meetings could fill up a calendar quickly. A fully booked planner carries psychological ramifications, too, Yale University psychology professor Laurie Santos said at SXSW in March. To fend it off, Santos suggested going through your to-do list and figuring out which items don't actually need to be scheduled.

Persons: Jensen Huang, Huang, Steve Jobs, Jeff Bezos, Bezos, Lex, Laurie Santos, Santos Organizations: Nvidia, Stanford University, Apple, Microsoft, Yale University, SXSW, CNBC

Read previewWall Street is investing big in artificial intelligence — and that's good news for machine-learning engineers and other tech talent. Hirsch said that investment banks are hiring AI engineers to build in-house tools that they can use "across their trading, research, and risk-management functions." The 8 banks reviewed are JPMorgan Chase, Bank of America, UBS, Citibank, Barclays, Deutsche Bank, Goldman Sachs, and Morgan Stanley. We pulled data for roles containing keywords like "AI," "data science," "machine learning," and "prompt." AdvertisementCheck out data-science and AI salaries for JPMorgan, Goldman Sachs, Citi, Bank of America, and other investment banks:

Persons: —, JPMorgan Chase, Jamie Dimon, Dimon, Gil Perez, Giancarlo Hirsch, Hirsch, Goldman Sachs, Morgan Stanley Organizations: Service, JPMorgan, Business, Deutsche Bank, Wall, of Foreign Labor, JPMorgan Chase, Bank of America, UBS, Citibank, Barclays, Department, Labor, Citi Locations: America

☆ Jeff Bezos' tips on how to run a company and manage your team
▼ + stars: | 2024-05-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +7 min

In his 27 years at the helm of Amazon, Jeff Bezos taught his successor, Jassy, and others a lot about how to run one of the world's biggest businesses. One of Bezos' meeting no-nos is PowerPoints, which he has banned in company meetings. "I thought to myself, 'We can sell anything this way,'" Bezos said. Bezos says Type 1 decisions take up most of your time, while Type 2 decisions should be delegated or grouped with other smaller decisions for later. Bezos believes you should make decisions with 70% of the information you wish you had, and iterate from there.

Persons: —, Andy Jassy, Jeff Bezos, Jassy, Jeff, Bezos, he's, It's, He's, they've, centibillionaire, you'll, you'd Organizations: Service, Business Locations: Amazon

☆ I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
▼ + stars: | 2024-04-17 | by ( Jane Zhang | ) www.businessinsider.com time to read: +10 min

This as-told-to essay is based on a conversation with a former McKinsey & Company associate who worked at the company for one and a half years. AdvertisementSome associate partners and partners were meanThe people at McKinsey were both the best and worst parts of my experience. The analysts and associates were all cool, but a few associate partners and partners were mean. I took a mental health break because I couldn't do it anymoreAfter about a year of working at McKinsey, I took a three-month mental health leave. But I also think it was going on mental health leave was inevitable, given the kind of people I ran into.

Persons: I'd, It's, they'd, I've, hysterically, I'm, hasn't, would've, Jane Zhang Organizations: McKinsey & Company, McKinsey, Business, Excel, McKinsey couldn't Locations: janezhang@businessinsider.com

☆ Goldman Sachs CEO David Solomon breaks down how the AI obsession is creating a gold rush for the bank
▼ + stars: | 2024-04-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Artificial intelligence is on everyone's lips, and that's expected to translate into big bucks for Goldman Sachs, according to CEO David Solomon. He said the bank has been "advising clients on these topics and how to think about potential use cases in their operations." AI's impact on jobsSolomon also explained how, internally, AI could impact its own workforce. "We see enormous opportunities for productivity gains and also opportunities for efficiency," Solomon said, describing how the AI revolution could impact Goldman's human capital. Some firms like Deutsche Bank have been piloting test cases to evaluate the impact AI could have on junior bankers' workflows.

Persons: Goldman Sachs, David Solomon, Solomon, PwC, — Goldman, Goldman, JPMorgan Chase, Reed Alexander Organizations: Business, P Global, Intelligence, Deutsche Bank, Goldman, New York Times, JPMorgan, Global Locations: ralexander@businessinsider.com

☆ Workers Can't Get Hired for America's Semiconductor Jobs of the Future
▼ + stars: | 2024-01-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +17 min

But since completing Quick Start, Gardner has come to a worrying realization: There aren't enough semiconductor jobs to go around. The precedent is little solace for the many graduates of the Quick Start program who are stuck in limbo. In addition to no longer promising interviews with semiconductor companies, Quick Start has taken other steps to moderate candidates' expectations. Hurdles aboundBeyond short-term economics, Palmer believes there are two reasons semiconductor companies have been slow to hire, she said. In the years ahead, the artificial-intelligence boom could further boost the demand for chips and create more jobs in the semiconductor industry.

Persons: Collin Gardner, Gardner, Taco Bell, Taiwan's, Joe Biden, I'm, Lisa Strothers, Jacob Zinkula, Quick, Leah Palmer, who've, Palmer, Gary Burley, who's, they're, we're, It's, —, Gabriela Cruz Thompson, Biden, Gina Raimondo, he'd, hadn't, he's Organizations: Taco Bell, Business, Taco, Semiconductors, Semiconductor, Semiconductor Industry Association, Oxford Economics, Intel, Arizona Advanced Manufacturing, Mesa Community, Mesa Community College, Quick, Samsung, Bloomberg Locations: Arizona's Maricopa County, Arizona, chipmaking, China, Maricopa County, Ohio

☆ For Microsoft and OpenAI, after a year in the 'hype cycle,' the Copilot corporate spending boom is just getting started
▼ + stars: | 2023-12-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

While another third (32%) said they have not made the spending decision, only 13% said they would not be acquiring similar gen AI capabilities. Microsoft has pointed to customers including Visa, BP, Honda and Pfizer using Copilot, and professional services firm partners on Copilot AI including Accenture, EY, KPMG, and PwC. And even amid the hype, it's important to keep in mind that as gen AI spending grows, it is still dwarfed by companies' cybersecurity budget needs. That means roughly $5 will be spent on security for every dollar spent on gen AI. But it's growing, and for now at least, when it comes to the billions in gen AI spending, Microsoft is in the pole position.

Persons: Dan Ives, Google Bard, Satya Nadella, Sam Altman, Altman, Jason Wong, Wong, Joe Atkinson, That's, Copilot, It's, Gartner, it's, Will, John Lovelock Organizations: Microsoft, Wedbush Securities, " Enterprises, Google, CNBC Technology, Survey, Gartner, Visa, BP, Honda, Pfizer, Accenture, EY, KPMG, CNBC, CNBC TEC, SAP, Adobe, Amazon Web, Meta, SharePoint Locations: San Francisco , California, U.S, Copilot, Salesforce, that's

☆ Jeff Bezos describes his perfect meeting
▼ + stars: | 2023-12-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Amazon cofounder Jeff Bezos has a specific method for running the "perfect meeting." The billionaire has a very specific way he likes his meetings to run, and the "perfect meeting" starts with days of prepping. "I like a crisp document and a messy meeting," Bezos said. In his efforts to encourage more truth seeking at work, Bezos recommends people do away with compromise. AdvertisementBezos has also implemented a "two pizza rule" into his past work meetings.

Persons: Jeff Bezos, —, Jeff Bezos isn't, Bezos, Lex Fridman, Andy Jassy Organizations: Service, Amazon, Origin Locations: prepping

☆ I tried Microsoft's AI-powered assistant, Copilot. The tool helpfully attends meetings and summarizes emails, but it's best to treat it as a rookie intern.
▼ + stars: | 2023-11-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

The tool can go to meetings for you, write emails, and summarize documents. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The AI-productivity tool can summarize documents, write emails, and go to meetings for you. When enabled on a Teams call, Copilot can record meetings, provide a transcript, and separate the subjects discussed into clips called "chapters." Microsoft encourages companies to train their workers not to treat AI like an infallible search tool.

Persons: Copilot, —, It's, it's, OpenAI's GPT, company's DALL, Bing Organizations: Microsoft, Service, Workers

☆ Wall Street's typical career path might have a massive detour thanks to AI
▼ + stars: | 2023-09-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

As for today's edition, we're looking at how AI could upend the job of the junior banker, and the effect that'll have on Wall Street's traditional career path. AdvertisementAdvertisementAspiring financiers need to look no further than investment banks' analyst programs to get a foot in the door. But this crucial piece of Wall Street's ecosystem could be upended by the rise of artificial intelligence. AdvertisementAdvertisementBuy-side firms have largely held off on going after college graduates, instead pointing them toward banks' analyst programs. Regardless of what direction things go, what's clear is the type of work AI excels at falls directly in junior bankers' wheelhouse.

Persons: Insider's Bianca Chan, Emmalyse Brownstein, Alyssa Powell, Steve Cohen's, Cohen, millennials, Elon Musk, Mark Zuckerberg, Jeff Bezos, ChatGPT, Xavier Lalanne, It's, Saint, Givenchy, Donald Glover, Childish Gambino, Will Smith, Catherine Zeta, Jones, krisanapong detraphiphat, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Guild of America, Hollywood, Tech, LinkedIn, Meta, National, Costco, Lowe's, Tractor Supply, Brands, Getty Images Finance Locations: Wall, Silicon, Paris, New York City, San Diego, London, New York

☆ A couple invested $29,500 into buying a soccer franchise in 2018 to start making passive income. They explain how they grew to 2 locations and have done more than $1 million in revenue.
▼ + stars: | 2023-08-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

Ultimately, they went with Soccer Shots, a children's program that partners with local schools to help kids develop both soccer and life skills. The Halls bought their first Soccer Shots franchise in 2018. They also had to put together a PowerPoint presentation for Soccer Shots' executive team at the headquarters in Pennsylvania. Buying their first Soccer Shots for $29,500 plus additional start-up costsSoccer Shots officially offered the franchise to the Halls in September 2018. On average, they spend one to two hours a week working on Soccer Shots.

Persons: Erika, Kareem Hall, Kareem, they'd, that's, it's, Jon Brock, Rachael Victoria, Brock, they've, Erika Hall, That's Organizations: Soccer Shots, Emory, Bain, Accenture, Primrose Schools, Shots, Soccer Locations: Atlanta, Dekalb County, Pennsylvania, —, Covid

☆ In leaked recording, Amazon CEO Andy Jassy wouldn't share data for his controversial RTO mandate. Said it was a 'judgement' call, like launching AWS.
▼ + stars: | 2023-08-25 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

"Those were judgment decisions by our leadership team," Jassy continued. As a leadership team, we've decided that we will be better for customers and for our business being in the office." Jassy's comments are the latest in the months-long tension between Amazon's employees and leadership team over the company's aggressive RTO policy. Amazon's top leadership looked at "a number of pieces of data" over the past two years regarding remote work, Jassy said. Another person blamed Amazon's leadership team for over-expanding during the pandemic under the belief that the hyper growth would last for a long time.

Persons: Andy Jassy, Jassy, we've, didn't, doesn't, It's, Amazon's, it's Organizations: Amazon, Services, AWS

☆ The CEO of a nonprofit that gathers sound to catch illegal activity in the rainforest says 5G technology can get high-quality audio into the hands of those who need it — fast
▼ + stars: | 2023-07-26 | by ( Sarah Sloat | ) www.businessinsider.com time to read: +8 min

Bourhan Yassin became the CEO of Rainforest Connection in 2022 after years of working in tech. Rainforest Connection gets a tech upgradeA few years ago, Rainforest Connection switched from cellphones to a custom-made device called the Guardian. To access a 3G or 4G signal, Rainforest Connection points the Guardian's antennas toward the cellphone tower of a nearby town. For example, Rainforest Connection has previously collaborated in Puerto Rico with the US Fish and Wildlife Service, where 5G coverage is expanding. Before he worked with Rainforest Connection, Yassin said he measured success through metrics such as funding.

Persons: Bourhan Yassin, Yassin, —, — Yassin, we've Organizations: Rainforest Connection, Guardian, Google, Connection, Guardian ., US Fish and Wildlife Service, Rainforest Locations: Dubai, United Arab Emirates, Costa Rica, Kenya, Brazil, Tanzania, Indonesia, Ecuador, Poland, Puerto Rico

☆ This 33-year-old brought in $2 million making PowerPoints: Here's her best career advice
▼ + stars: | 2023-06-13 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

The 33-year-old studied graphic design at Boise State University, and after deciding to focus on presentation design, filled her senior portfolio with them. By 2017, with her client list growing, she founded her own presentation design company, 16X9. When she and her fellow graphic design students would get assigned to do them, "people always were like, 'ugh, PowerPoint. In graphic design, "there's a lot of flashier things like advertising and branding," she says, but it was this day-to-day task that executives across the board were looking to outsource. Be 'a strong advocate' for yourselfWhether or not you go the freelance route, make sure you're getting paid what you deserve.

Persons: Courtney Allen, Allen, Allen wasn't Organizations: Boise State University, Cisco Systems, Adobe, BBC, Census Locations: PowerPoints, U.S

☆ A former CEO shares 5 tips on how to grow as a leader without burning out
▼ + stars: | 2023-06-08 | by ( Susan Margolin | Kellogg Insight | ) www.businessinsider.com time to read: +8 min

One step is to build a "circle of influence" filled with people who can help you make an impact. But the path forward is not always obvious, says Sanjay Khosla, senior fellow and adjunct professor of marketing at the Kellogg School and trained executive coach. "When you're stressed out, there's a mismatch between what you want to be doing and what you're actually doing," Khosla says. As part of her circle of influence, Maya identified her manager, a few peers, a senior sales leader in her company, and a handful of people outside the company. "Look at everything from another person's point of view, rather than just telling them what you're doing," he says.

Persons: Sanjay Khosla, Khosla, —, Maya's, delegating, Maya, Susan Margolin Organizations: Kellogg School, Service, Kraft Foods International, Maya Locations: Boston

☆ Mike Lippert's fund has returned 33% so far in 2023 by betting on AI stocks. He shares 3 companies in the industry he thinks will deliver the biggest returns over the next 5 years.
▼ + stars: | 2023-06-07 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Mike Lippert's Baron Opportunity Fund has beaten 92% of peers over the last decade. In the AI space, Lippert said he's bullish on Microsoft, Nvidia, and Amazon going forward. So he leaned into positions where he saw the most opportunity over the long term, especially Microsoft and Nvidia. But success is nothing new for Lippert and the Baron Opportunity Fund. AI stocks Lippert is betting onDespite their big returns so far this year, Lippert continues to like Microsoft (MSFT) and Nvidia (NVDA) over the next three-to-five-year period.

Persons: Mike Lippert's, Lippert, he's, Mike Lippert, —, we've, it's, We've, OpenAI Organizations: Fund, Microsoft, Nvidia, Baron Opportunity Fund, NVIDIA, Lippert, Google

☆ How to negotiate virtually and win difficult Zoom conversations, according to research
▼ + stars: | 2023-06-06 | by ( Leigh Thompson | ) www.businessinsider.com time to read: +9 min

How virtual communication differs from face-to-faceSo, how can we build our VCQ? However, there is a profound, yet rarely acknowledged difference between in-vivo and virtual communication: namely shared mutual gaze, which occurs when two people lock eyes. That's partly because mutual gaze produces an immediate release of oxytocin, the bonding hormone. However, volleying offers back and forth at the virtual negotiation table can lead to transactional interaction. For this reason, negotiators should work to bring their best virtual self to the negotiation table by following the research-backed best practices here.

Persons: Leigh Thompson, Thompson, —, Chris, It's, we've, I've, volleying Organizations: Kellogg School of Management, Northwestern University, Service, Communication Intelligence

☆ Here are 10 AI-powered tools to help boost your productivity at work
▼ + stars: | 2023-05-09 | by ( Sarah Jackson | Aaron Mok | ) www.businessinsider.com time to read: +8 min

ChatGPT isn't the only AI-powered tool that can help make your job easier. Here are 10 that can help with everything from generating slideshows to writing emails. Tome: Building slide decksIf you make a lot of PowerPoints for work, the app Tome can help you do it faster. Managing your inbox can be a pretty tedious time-suck, but tools like Remail might help you get through emails more efficiently. Brain.fm, an AI-generated music tool, can help users stay on task.

☆ At Microsoft, Charlie Bell's shackles are finally off. Watch out, Amazon.
▼ + stars: | 2023-04-26 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +16 min

Many in the industry, including current and former Microsoft and Amazon executives, wonder whether there's a better job for Bell. It could get intense, with Bell going toe-to-toe with Jassy and getting into disputes with Selipsky. "There were two different sets of security products and actually different security organizations that were securing the products for Microsoft," Bell said. While Bell has imported some processes from Amazon, he has introduced them with a "Microsoft flavor," by using Microsoft productivity tools, one person said. "So many decisions get made at Microsoft by looking at PowerPoints, and sometimes those PowerPoints lack details," Rashid, the former Microsoft and Amazon executive, said.

☆ How this 33-year-old brought in $2 million making PowerPoints
▼ + stars: | 2023-04-19 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

Courtney Allen, 33, had a hunch PowerPoint presentations could be a full-time job. 'What sort of job are you going to get just doing PowerPoints for a living?'" Allen spent the first few years out of college traveling the world and contracting as a dedicated PowerPoint presentation designer for companies like Cisco. Within a year, the work started pouring in, and in May 2017, she founded her presentation-making company, 16X9. Her personal contracts and those of her company have now brought in more than $2 million on Upwork.

☆ Airbnb CEO says his $75 billion company was rejected by investors—until a $40 box of cereal turned things around
▼ + stars: | 2023-04-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Airbnb CEO Brian Chesky and his two co-founders did it with $40 boxes of cereal. Specifically, they sold self-designed cereal boxes featuring then-presidential candidates Barack Obama and John McCain as a breakfast option in Airbnbs. The cereal proved popular, selling more than 1,000 boxes and making $30,000 for the company, Chesky said. It might have never happened without the cereal: Airbnb was rejected by multiple major investors during its first year of operations, Chesky noted in a 2015 Medium post. "The investors that rejected us were smart people, and I am sure we didn't look very impressive at the time," he wrote.

☆ I made $127,000 selling PowerPoint templates after my TikTok went viral. Here's how I turned views into sales in 6 months.
▼ + stars: | 2023-04-14 | by ( Kiera Fields | ) www.businessinsider.com time to read: +7 min

This as-told-to essay is based on a transcribed conversation with Jakob Welle-Smogeli, a 21-year-old college junior whose PowerPoint videos went viral on TikTok. I started making TikToks about PowerPoint presentations from my bed. Six months later, I had 3.8 million TikTok followers on my faceless profile and have made over $150,000 from my brand. I started making cool PowerPoints from bed and recorded them for TikTok and Reels. Seeing my PowerPoint templates generate real income was amazingIt was mid-September 2022 when I officially launched my templates.

☆ 33-year-old who brought in $2 million making PowerPoints shares her best tips: 'Reduce the content'
▼ + stars: | 2023-03-30 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

PowerPoint presentations are a powerful tool for your work life. In fact, their use is so popular "presentation design" is one of the most in-demand freelancer skills for 2023, according to work marketplace Upwork. Courtney Allen has been designing PowerPoints professionally since 2013. She knew there was a future in designing them; now she's made more than 1,000 and brought in $2 million creating them on Upwork. It's less about "your personal design preferences and more designing to who you're talking to."

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