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☆ The IPO market has 'lost a lot of relevance,' says Swiss asset manager Partners Group
▼ + stars: | 2023-09-15 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

watch nowThe IPO market has lost relevance in the real economy, but there are "absolutely enormous" opportunities in the health-care sector, according to the executive chairman of global private markets firm Partners Group. Private markets are switching places with public markets as the stewards of the real economy. "Private markets are switching places with public markets as the stewards of the real economy," said Partners Group. Partners' Group recorded $142 billion worth of assets under management as of the first half of 2023. Asked whether Partners Group will someday open up the window for retail investors to tap into the private equity market, Meister said it's already happening, marking a "democratization" of the private market industry.

Persons: Steffen Meister, CNBC's Chery Kang, Meister, it's Organizations: Partners, Milken Asia Summit, Bain & Company, Private, CNBC, McKinsey Locations: Singapore

FRANKFURT, Sept 14 (Reuters) - Bayer's (BAYGn.DE) new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up, three people familiar with the matter said. But the new CEO will likely have only a short respite period to come up with concrete strategic proposals. Anderson has been tasked with reviving Bayer's share price, which has underperformed rivals, weighed down by the lingering costs of U.S. weedkiller litigation. Anderson said last month he was not ruling out any options as part of his review of the company's strategy and structure, saying he was "leaving no stone unturned". He added he would provide an initial update in the coming months and detailed plans in early 2024.

Persons: Bill Anderson, Anderson, Roche, Oliver Kohlhaas, Kohlhaas, Werner Baumann, Ludwig Burger, Patricia Weiss, Emma, Victoria Farr, Josephine Mason, David Holmes Organizations: Bayer, McKinsey, Artisan Partners, Reuters, Bluebell Capital Partners, Thomson Locations: FRANKFURT, Frankfurt

☆ Americans are over generative AI like ChatGPT, but their bosses are just getting started
▼ + stars: | 2023-09-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

But US businesses are still actively experimenting with generative AI in the workplace. August marked the third consecutive monthly decline in ChatGPT's global web traffic, and the average time spent on the platform has fallen. Meanwhile, 24% said they were reading and talking about them, and 15% said their organizations had already incorporated generative AI into their business strategies. AdvertisementAdvertisementForty-five percent of the executives surveyed said they hoped to use generative AI to increase productivity . Improving AI technologies could make this sort of monitoring even easier and more prevalent .

Persons: ChatGPT, There's, haven't, Sam Altman, Jobs Organizations: Service, UBS, Deloitte, North American, McKinsey, Atlantic, Companies Locations: Wall, Silicon, Swiss

☆ Citigroup CEO Jane Fraser pushes biggest overhaul in almost two decades
▼ + stars: | 2023-09-13 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +3 min

Citigroup CEO Jane Fraser testifies during a U.S. House Financial Services Committee hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks” on Capitol Hill in Washington, U.S., September 21, 2022. The bank is also planning to list its Mexican consumer unit, known as Banamex, after a sale process fell through. Scottish-born Fraser is the first woman to lead a Wall Street bank. She spoke in March about her life and career in a wide-ranging interview with Carlyle Group (CG.O) Co-Founder David Rubenstein. Reporting by Tatiana Bautzer; writing by Michelle Price; editing by Lananh Nguyen and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Jane Fraser, Elizabeth Frantz, Jane Fraser's, we've, Fraser, Michael Corbat's, Sandy Weill, David Rubenstein, Goldman Sachs, Smith Barney, Tatiana Bautzer, Michelle Price, Lananh Nguyen, Josie Kao Organizations: Citigroup, . House Financial, REUTERS, Citi, JPMorgan Chase &, Bank of America, Banks, Carlyle Group, Cambridge University, Harvard Business School, McKinsey, Thomson Locations: Washington , U.S, U.S, New York, Scottish, Mexico

☆ The farming industry is struggling with labor shortages and the climate crisis. But agtech like digital cow collars and AI-quality-control tools are solving problems in unexpected ways.
▼ + stars: | 2023-09-13 | by ( Sabina Wex | ) www.businessinsider.com time to read: +9 min

Still, there are concerns about who owns the farm data and how it's being used. Chemeres said that he saw agriculture tech companies bombard farmers with innovations to mitigate this labor shortage. He believes the future of agriculture tech will be "almost surgical," he said, especially as AI comes into the field and becomes more sophisticated. These concerns came to a head in 2020, when Climate FieldView was accused of sharing farmers' data with Tillable, a platform that connects landowners with farmers. Not all tech companies do this.

Persons: Andy Lenkaitis, Lenkaitis Holsteins, Sarah Lenkaitis, Sarah, Lenkaitis, Bill Oemichen, Jeff Chemeres, Chemeres, Croptracker, Oemichen, that's, Bayer, FieldView, it's Organizations: Service, McKinsey, Credit Services, Data, Services, US Department of, The National Young Farmers Coalition, University of Wisconsin Survey Center, University of Saskatchewan, Bayer, US Locations: Wall, Silicon, Charles , Illinois, Minnesota, California, Washington, German

☆ Airbnb adds Google's 'AI ambassador' to its board of directors
▼ + stars: | 2023-09-11 | by ( Deirdre Bosa | ) www.cnbc.com time to read: +1 min

Airbnb is adding James Manyika, Google's "AI ambassador," to its board of directors, the company said Monday. Manyika's addition underscores CEO Brian Chesky's ambitions in artificial intelligence, which Chesky has said will radically change the Airbnb platform by 2024. As Google's head of Research, Technology and Society, Manyika reports to CEO Sundar Pichai and focuses on how tech affects user's daily lives. Increasingly, that encompasses the company's AI research and products. With Manyika on the board, Chesky gains a powerful voice that sits at the intersection of AI and society.

Persons: James Manyika, Brian Chesky's, Chesky, Sundar Pichai, Belinda Johnson Organizations: Research, Technology, Society, National AI Advisory, McKinsey & Company

☆ The Great College Pricing Sham
▼ + stars: | 2023-09-10 | by ( James S. Murphy | ) www.businessinsider.com time to read: +21 min

I use quotation marks, because merit aid is granted to half the students at public colleges and 84% at private colleges. Today the average merit-aid discount at private colleges is $23,000 — leaving the student to cover the remaining $30,000 or $40,000. At four-year public colleges, tuition now accounts for 52% of operational revenue, versus 48% from state funding. To make college more accessible, we need to make greater public investments — at both the state and federal levels — in higher education. James S. Murphy is a higher education policy analyst at Education Reform Now.

Persons: Joe Biden, YouGov, Gen, Gen Zers, You'll, Pell Grant, Dominique Baker, —, Getty, Ben Sasse, who's, Sasse, David Feldman, William & Mary, Ford, Feldman, they're, Sandy Baum, It's, There's, Baum, They're, Josh Shapiro, Spencer Cox, shouldn't, James S, Murphy Organizations: Insider, Harvard, of California, Southern Methodist University, Ivy League, U.S . News, Honda, Porsche, University of Florida, McKinsey & Company, University of Oklahoma, University of Kentucky, Ford, Apple, Fordham, Appalachian, William &, Technology, West Virginia University, WVU, Urban Institute, Google, Reform, Twitter Locations: United States, Italian, Appalachian State, America, Pennsylvania, Utah

A shopper looks at displayed food at a supermarket ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 22, 2022. "It feels like our consumers are asking for sustainability but they are not looking to compromise on price or quality." Scope 1 refers to a company's direct emissions, Scope 2 to indirect emissions from purchased energy while Scope 3 refers to all other indirect emissions, for example from a company's third-party suppliers. A joint study by consultant McKinsey and data firm NielsenIQ earlier this year found that 78% of U.S. consumers say a sustainable lifestyle is important to them. "We will go our own course as a company, but we have to communicate (with shoppers)."

Persons: Jim Vondruska, Clark, Oriol Margo, Kimberly, Frans Muller, Ahold, Albert Heijn, Richa Naidu, Elaine Hardcastle Organizations: REUTERS, Consumer, Shareholders, Nestle, Walmart, Reuters IMPACT, McKinsey, Thomson Locations: Chicago , Illinois, U.S, Kimberly, London, Netherlands, United States

☆ Stripe, Shopify, H&M spend $7 million on carbon removal from a dozen new companies
▼ + stars: | 2023-09-07 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +6 min

Stripe, Shopify and H&M Group announced Thursday they are spending $7 million on carbon removal from a dozen carbon removal startups. Stripe, Shopify and H&M are three of the member companies of Frontier, and together, they spent $7 million on carbon removal purchases from 12 companies: Airhive, Alkali Earth, Banyu Carbon, Carbon Atlantis, CarbonBlue, CarbonRun, EDAC Labs, Holocene, Mati, Planetary Technologies, Spiritus Technologies and Vaulted Deep. Frontier facilitates carbon removal purchases for its member companies via multiple pathways, including pre-purchase agreements and offtake agreements. Zoom In Icon Arrows pointing outwards Mati is one of the dozen companies Frontier has facilitated carbon removal purchases from on behalf of Stripe, Shopify and H&M. Zoom In Icon Arrows pointing outwards CarbonBlue is one of the dozen companies Frontier has facilitated carbon removal purchases from on behalf of Stripe, Shopify and H&M.

Persons: Mati, Charm, stover, Joanna Klitzke, Klitzke, that's Organizations: M, Frontier, EDAC Labs, Planetary Technologies, Spiritus Technologies, Autodesk, JPMorgan Chase, McKinsey, Meta, CNBC, United Nations, & $ Locations: Mati, India, Gulf of Mexico

☆ Barbie’s a boss but not a business model
▼ + stars: | 2023-09-05 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

NEW YORK, Sept 5 (Reuters Breakingviews) - Warner Bros Discovery (WBD.O) boss David Zaslav is playing too much with Barbie. Mattel (MAT.O), the $8 billion company behind the brand, has increased its market value 20% since late May, growing three times as fast as the S&P 500 Index (.SPX). Lego partnered with Warner Bros in 2014 to produce a movie featuring its renowned plastic bricks. Unlike Disney and its superheroes, Warner Bros doesn’t own the blonde bombshell. Barbie may be this year’s boss, but she and her nostalgic ilk are unlikely to become business models.

Persons: David Zaslav, Barbie, Margot Robbie, Harry Potter, Polly, Cuties, Walt Disney’s, Bob Iger, Warner, oligopolistic, Davidson, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Warner Bros Discovery, Mattel, Warner Bros, Marvel, Disney, McKinsey, Harley, Thomson

☆ How much is a good night's sleep worth? A lot to these stocks
▼ + stars: | 2023-09-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

In fact, some 63% of U.S. adults sleep less than the recommended seven to nine hours a night, according to the National Sleep Foundation's Sleep Health Index. There are a myriad of products in the sleep arena — from mattresses and sleep supplements to sleep apnea devices and tech wearables that track sleep. Treating sleep conditions Health conditions can also impact the ability to get a good night's rest, like insomnia and sleep apnea. Obstructive sleep apnea causes breathing to be interrupted during sleep. About half of those surveyed in its obstructive sleep apnea patient survey in July said they had never heard of Inspire.

Persons: Anna Pione, they'll, Seth Basham, Basham, Tempur Sealy, " Basham, It's, Stefano Natella, Natella, it's, Ollie, Seamus Fernandez, Philip's, Philips, Eli Lilly, Eli Lilly's, Guggenheim's Fernandez, Michael Farrell, we've, Fernandez, Novo, wearables, Gene Munster, Jason Ware, Ware, Pione, Michael Bloom Organizations: McKinsey, International Sleep Products, Sealy International, Mattress, Sealy, Centers for Disease Control, Guggenheim, CDC, Unilever, American, of, Care, American Medical Association, Bank of America Securities, Medical Systems, Bank of America, Inspire, Novo Nordisk, Garmin, Apple, Deepwater Asset Management, Apple Watch, Albion Financial, Munster Locations: U.S, dreamland, Mizuho, Novo

☆ Africa Climate Summit: Electric motorcycle startup Spiro expands into Kenya
▼ + stars: | 2023-09-04 | by ( Nell Lewis | ) edition.cnn.com time to read: +6 min

CNN —Spiro, a startup looking to eliminate fuel-guzzling motorbikes and scooters from the roads by trading them in for electric two-wheelers, is expanding to Kenya. Ahead of the first Africa Climate Summit, which kicked off in Kenya’s capital Nairobi today, the host government announced on Friday that the e-bike and battery-swapping startup would be entering the East African country with its biggest deployment yet: 1.2 million electric vehicles. In Kenya, they will be offered 50,000 Kenyan shillings (about $344) – around a third of the price of a new electric bike – to swap their existing bike for an electric one. Last week, US company Uber also launched an electric motorbike service in Kenya, promising to roll out 3,000 bikes within six months. “We’re surpassing the symbolic but significant milestone of one million electric bikes signed with a government,” says Samain.

Persons: CNN — Spiro, Jules Samain –, polluters, Samain, Spiro, CLEMENT, CLEMENT DI ROMA, ”, ” Spiro, William Ruto, Ampersand, Uber Organizations: CNN, Africa Climate, CLEMENT DI, AFP, Getty, FIA Foundation, Spiro, McKinsey Locations: Kenya, Africa, Kenya’s, Nairobi, West, Benin, Togo, Rwanda, Uganda, China, Mombasa, Saharan Africa, Swedish, Kenyan, East

☆ How today's data centers marry clean tech with reliability
▼ + stars: | 2023-09-04 | by ( Sponsor Post | Created Insider Studios With Schneider Electric | ) www.businessinsider.com time to read: +8 min

Last summer, two data centers in London experienced heatwave-linked failures, with the incident affecting clinical IT systems at a number of hospitals. Data centers have become "a very important aspect of running entire business models, and even our day-to-day lives. Losing the information processed by data centers would be detrimental not only to companies and individuals, but also governments and society as a whole. This puts the firms that develop and operate data centers in a tricky position, not least because today's facilities are resource hungry. Companies can deploy a range of innovations to put these metrics at the core of tomorrow's data centers.

Persons: Pankaj Sharma, Schneider, we're, it's, Sharma Organizations: Facebook, Secure, Ofcom, US, McKinsey, EU, International Energy Agency, Pact, European Commission . Companies, Amazon Web Services, Google, IBM, Companies, Schneider Electric, Insider Studios Locations: London, Paris, Europe

☆ A remote worker's employer said he had to live near the office. So he took a $35,000 pay cut in exchange for his work-from-home freedom.
▼ + stars: | 2023-09-03 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Jay is one of many workers contending with shifting rules around in-person and remote work. For some, those arrangements just don't work — and, like Jay, some workers would take a pay cut to be able to stay remote. The research on whether remote work is less productive is mixed, though, and for some, it may be a better fit than for others. Jay said his previous managers, for instance, "were completely in favor of remote work" but told him "this decision is out of their hands." Already, there's an "office apocalypse" raging in some cities, with McKinsey predicting remote work will slash the value of office buildings to the tune of $800 billion by 2030.

Persons: Jay, Kathleen Hall, It's, doesn't, that's, Bill de Blasio Organizations: Service, Jay, trumpeted, McKinsey Locations: Wall, Silicon, New York City

☆ Alice Zheng moved from med school to McKinsey to venture capital. Here's how she's using those experiences to advance innovation in women's health.
▼ + stars: | 2023-09-02 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

Alice Zheng is a VC at RH Capital focusing on early-stage women's health startups. Seven years after graduating from medical school, Zheng is now a principal at RH Capital, the fund of female-led firm Rhia Ventures. The firm, which focuses on early-stage women's health investing, collected $38.5 million for its second fund last year. Zheng later took a two-year hiatus from medical school to pursue an MBA from Harvard Business School. Zheng invests in women's health startups across consumer, life sciences, diagnostics, digital health, and health services.

Persons: Alice Zheng, Zheng, –, she'd, Juniper, Liang Organizations: RH Capital, University of Michigan, Harvard, McKinsey, University of Michigan Medical School, Ross School of Business, Rhia Ventures, GV, Khosla Ventures, Harvard Business School, McKinsey Global, Fortune, Capital Locations: China, U.S, Ann Arbor, McKinsey's, San Francisco

"Increasingly we are going to turn used clothes into raw material from Europe for fashion companies." Also in Spain, rivals including H&M, Mango and Inditex have created a non-profit association to manage clothing waste, responding to an EU law requiring member states to separate textiles from other waste from January 2025. OBSTACLESThe obstacles to significantly reducing clothing waste are formidable, despite the EU crackdown, industry sustainability commitments and initiatives like the Moda Re expansion. Adidas (ADSGn.DE), Bestseller, and H&M (HMb.ST) have invested in Finnish start-up Infinited Fiber Company, which manufactures fibre out of textile waste, cardboard and paper. As in Spain, textile waste associations would be set up in each country.

Persons: Albert Alberich, Inditex, Dijana Lind, Hugo Boss, Lind, Moda, Aissatou Boukoum, Mauro Scalia, Corina Pons, Helen Reid, Horaci Garcia, Nacho, Frank Jack Daniel Our Organizations: BARCELONA, Moda, Caritas, Union, European Commission, Union Investment, Adidas, McKinsey, Reuters, EU, ReHubs, Moda Re, United Nations, Inditex, Puma, Infinited Fiber Company, Thomson Locations: Spain, Barcelona, Spanish, Europe, Zara, Bilbao, Valencia, EU, Frankfurt, ReHubs Europe, Mali, Sant, AFRICA, Cameroon, Ghana, Senegal, Africa, Senegalese, Germany, Texaid, Switzerland, Vestisolidale, Italy, France, EURATEX, Madrid, London, Nacho Doce

☆ Missing metals hit green economy pressure point
▼ + stars: | 2023-09-01 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

On Thursday, copper producer Aurubis said it had discovered large discrepancies in inventory levels at its Hamburg recycling centre, which strips out used copper and precious metals from discarded computer circuit boards. The 3 billion euro company’s initial assessment of the incident, which comes after a separate theft case in June, suggests missing metals may lead to a hit of at least 100 million euros. That’s about one-fifth of its previously projected annual pre-tax profit of 450 million euros to 550 million euros for the financial year ending in September. And it will expand to roughly 30.1 million tons by 2031, according to McKinsey. But the consultancy reckons global demand will reach 36.6 million tons at the start of the next decade, leaving a gap of more than 6 million tons per year.

Persons: Trafigura, Aurubis, Liam Proud, Streisand Neto, Oliver Taslic Organizations: Reuters, International Energy Agency, McKinsey, Thomson Locations: Hamburg, European

☆ One part of China’s consumer market is holding up against a broad decline
▼ + stars: | 2023-08-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Customers enjoy food at a new Costco store in Shanghai on the first day of its trial operation on March 10. China News Service | China News Service | Getty ImagesBEIJING — If retail sales slowed this summer, it hasn't felt that way in parts of China. In the weeks around early July, New York residents David and Susan Schwartz visited three Costco stores, known as warehouses, on the outskirts of Shanghai and the neighboring city of Suzhou. China's retail sales slowed to a 2.5% year-on-year increase in July, adding to growing uncertainty about the country's future growth. Chris Reitermann CEO, Ogilvy Asia Pacific and Greater ChinaThe massive property market, where the majority of household wealth is stored, accelerated its decline in July.

Persons: hasn't, Susan Schwartz, David Schwartz, David, Susan, Malin, Goetz, Kate Spade, they're, Chris Reitermann, Ogilvy's Reitermann, Daniel Zipser Organizations: Costco, China News Service, Getty, BEIJING, U.S, Ogilvy Asia Pacific, CNBC, McKinsey Global Institute, Media, McKinsey Locations: Shanghai, China, New York, Suzhou, U.S, Hangzhou, Ningbo, York, Greater China

☆ Blackstone's data center gamble
▼ + stars: | 2023-08-28 | by ( Daniel Geiger | Rebecca Ungarino | ) www.businessinsider.com time to read: +12 min

The firm has recently touted its data center investments amid the artificial intelligence boom. Blackstone's push into data centers comes with its own set of challenges and questions. "You might not own apartment buildings in 10 years, but the largest data center company in the world." Meghji said in the company's video that interest from data center users in QTS data centers had doubled "since ChatGPT came out." Gerber said he had recently discussed data center investments with Blackstone representatives and has confidence in the strategy.

Persons: Blackstone, —, Glenn Schorr, Schorr, outflows, Stephen Tuckwood, Tuckwood, Jonathan Gray, Gray, Jeenah, Chad Williams, BREIT, they're, Patrick Davitt, QTS, Nadeem Meghji, Meghji, ChatGPT, Matthew Barakat, Prince William County, redemptions, Selwyn Gerber, Gerber, Matt Malone Organizations: Blackstone, Income Trust, QTS Realty Trust, Evercore, Wealth Management, Reuters, Autonomous Research, Blackstone Infrastructure Partners, McKinsey, AP, Starwood, MSCI's, Los, RVW, Opto Investments, FS Investments Locations: California, BREIT, QTS, Americas, CBRE, Manassas , Virginia, Prince William, Virginia, Brookfield, Los Angeles, Bellagio, Las Vegas

☆ Vision 2030 is Saudi Arabia's grand plan to future-proof its oil-based economy. Experts say it's a huge risk.
▼ + stars: | 2023-08-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +9 min

Vision 2030 is Saudi Arabia's grand plan to transform its economy and reduce its reliance on oil. The centerpiece of Vision 2030 is Neom, which includes a $1 trillion megacity known as The Line. But time is ticking: Seven years after announcing Vision 2030, Saudi Arabia has reached the midway point of its timeline, with just seven years left to the finish line. That said, much of this is being financed by the Public Investment Fund, Saudi Arabia's powerful sovereign wealth fund, which manages assets worth about $700 billion. NeomA key factor that could determine this project's success involves Saudi Arabia's changing appeal to the West.

Persons: Saud, who's, Simon Mabon, Prince Mohammed Bin Salman, Saudi Crown Prince Mohammed bin Salman, McKinsey —, —, Gerald Feierstein, Barack Obama, Feierstein, Richard Callis, Prince Mohammed, Yasir Othman al, Mabon, Prince Mohammed's, there's, Muslimi, they're Organizations: Foreign Policy Center, Saudi Royal Court, REUTERS, Saudi Crown, McKinsey, Middle East Institute, Public Investment Fund, Saudi, SoftBank's Vision, Newcastle United soccer, Newcastle United FC, Saudi Aramco, International Monetary Fund, Chatham House, Neom, United, Bloomberg, Amnesty International Locations: Saudi, Dhahran, Saudi Arabia, London, NEOM, Bandar, Yemen, Ukraine, Riyadh, Jeddah, they're, United Arab Emirates, Neom

☆ At least 2 days in office is the 'sweet spot' for hybrid workers, according to new research
▼ + stars: | 2023-08-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Employees overwhelmingly prefer hybrid work, but the optimal number of days in the office is still up for debate. For other workers on a 5-day workweek schedule, that may mean 2 or 3 days in office each week. "Our research shows it's the 'hybrid sweet spot,'" George says. "You need to be intentional and anchor those office days around activities that are most effective in-person, whether it's career workshops, feedback sessions or team brainstorms." The most successful return-to-office strategies have clear operating norms that go beyond how many days employees should be working together in person.

Persons: Katy George, McKinsey's, George, I've, we're Organizations: McKinsey, CNBC Locations: I'm

☆ Building Green: New Technologies to Create Less Polluting Cement
▼ + stars: | 2023-08-24 | by ( Yusuf Khan | ) www.wsj.com time to read: +8 min

Roughly 7% of all carbon emissions today come from cement production, making it one of the highest-emitting industrial sectors, according to the consulting firm McKinsey. PREVIEW“Concrete is an essential building material,” said Claude Loréa, director of cement, innovation and ESG at the Global Cement and Concrete Association. About two thirds of the clinker emissions are released by the limestone when heated while the rest come from the combustion of fuels to create the heat. Increased efficiencyOne way the industry is looking to improve sustainability in cement production is by targeting efficiency gains. Cemex, one of the world’s largest cement producers, has been working with Switzerland-based Synhelion to produce clinker using solar energy rather than coal.

Persons: ”, Claude Loréa, Aidan O’Sullivan, ” O’Sullivan, Gianluca Ambrosetti, Christoph Beumelburg, Rick Fox, Fox, Partanna, Hurricane Dorian, Yusuf Khan Organizations: McKinsey, Sustainable Business, Global, Concrete Association, Carbon Re, International Energy Agency, IEA, Shell, National Basketball Association Locations: portland, Spain, Switzerland, Heidelberg, Brevik, Norway, Bergen, “, Delaware, Bahamas, Vegas, yusuf.khan

☆ 31% of investors are OK with using artificial intelligence as their advisor
▼ + stars: | 2023-08-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Nearly 1 in 3 investors would use artificial intelligence as their financial advisor, a new survey suggests — and that has the potential to lead to flawed advice, experts said. Generative AI uses algorithms to create new content like essays, song lyrics, art, photography and computer code — or, in this case, financial advice. ChatGPT, a program that went viral after being debuted to the public late last year, is one example of generative AI. The algorithms that underpin generative AI compile data from sources like the internet to develop responses, and those data sources may not be reliable. In short, financial advice outputs won't necessarily be 100% trustworthy.

Persons: Kevin Keller, Keller Organizations: Standards, CFP, Finance, McKinsey & Co

☆ About 21 million jobs held by women and 9 million jobs held by men could be replaced by AI: ILO
▼ + stars: | 2023-08-22 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

However, in high-income countries, 21 million jobs held by women have the potential to be automated. In high-income countries, 7.8% of jobs held by women have the potential to be automated — which the ILO estimates to be around 21 million jobs. In contrast, 2.9% of jobs in high-income countries held by men — or around 9 million jobs — face the potential of being automated, as shown in the graf below. About a quarter of clerical workers' tasks face a high exposure to generative AI, and 58% of their tasks face a medium exposure to the technology. For example, the study found that only 4% of service and sales workers' tasks face high exposure to generative AI, and 18% of their tasks face medium exposure.

Persons: —, Goldman Sachs Organizations: International Labour Organization, International Labour, Labour Organization Clerical, McKinsey Locations: graf

Here, workers in black uniforms churn out a brand-new electric scooter every 90 seconds, while executives review the company’s skyrocketing sales. Mehta is the 33-year-old CEO of Ather Energy, an electric scooter manufacturer that has enjoyed a recent explosion of demand. “That’s an incredible jump.”The push has been fueled by strong state support, particularly through a policy known as “FAME,” or the Faster Adoption and Manufacturing of Electric Vehicles. Electric two-wheelers on display at the Hero Electric Vehicles headquarters in Gurgaon, India, in 2021. BluSmart is an Indian ride-hailing startup that uses an all-electric fleet, relying heavily on charging infrastructure.

Persons: Tarun Mehta, Mehta, ” Mehta, pedaling, MotoCorp, ”, Brajesh Chhibber, “, Bain, That’s, Anindito Mukherjee, Anmol Singh Jaggi, Fadnavis, Chhibber, ” Chhibber, Jaggi Organizations: India CNN —, Ather Energy, “, CNN, McKinsey, Manufacturing of Electric Vehicles, EV, Economic, Ministry of Heavy Industries, Hero Electric Vehicles, Bloomberg, Getty, ” Locations: Hosur, India, Indian, Bangalore, New Delhi, Delhi, Gurgaon, Gurugram

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