Large language models (LLMs) use deep-learning techniques to process and generate human-like text. The models train on vast amounts of data from books, articles, websites and other sources to generate responses, translate languages, summarize text, answer questions and perform a wide range of natural language processing tasks. This rapidly evolving…
Google DeepMind introduces a new vision-language-action model for improving robotics.
Russia’s war in Ukraine is an ongoing tragedy, destroying lives and livelihoods in Ukraine and altering economic patterns worldwide. In May 2022, we set out an initial analysis of 12 disruptions that the war could unleash. With the passage of time, it seems increasingly likely that the war, coming so…
Harlan Krumholz: Welcome to Health & Veritas. I’m Harlan Krumholz. Howard Forman: And I’m Howie Forman. We’re physicians and professors at Yale University. We’re trying to get closer to the truth about health and healthcare. We have an exciting interview coming up with Dr. Alan Friedman of Yale New Haven…
How to move communities away from flooding risks with minimal harm As sea levels rise and flooding becomes more frequent, many countries are considering a controversial strategy: relocation of communities. A Stanford analysis of planned relocations around the world reveals a blueprint for positive outcomes. By Rob Jordan Stanford Woods…
I was sitting in the front row of a large conference room with 150+ colleagues behind me. I felt a wave of nervousness wash over me while I was waiting for my turn to get on stage and speak. I’m an introvert and hated public speaking. Butterflies in my stomach.…
In today’s ever-changing consumer landscape, the alcohol industry has shown fascinating transformations to meet the demands of shifting consumer tastes and preferences. 2022 marked the first year where the spirits market share surpassed the beer market share in the U.S. beverage alcohol market. Largely attributed to the impacts of the…
Connected autonomous vehicles combine the digital world with automated technologies to assist or replace humans in cars. These vehicles’ sensors and cameras read the car’s surroundings and make constant connections to the Internet, GPS tracking systems and telecommunications networks. An autonomous vehicle shares information inside and outside the car. It…
When buying an electric vehicle, consumers want an experience that matches their expectations of the car itself. That is, something exciting and innovative but also reliable and predictable. They expect to both transact online and negotiate with a real person, and they still need to take a test drive. However,…
Jonny Cottom knows the juggle involved with running a start-up single handedly. Since launching BreakBottle, an eco-friendly water bottle brand, last year, he has been s…
A closer look at the social pressures that dissuade job candidates from negotiating for more money.
The answer may not be obvious at first. Here are a few ways we see companies taking on culture change, often under the guise of a different name: Adopting and socializing a new customer-first go-to-market strategy Shifting from working heads-down in silos to formal, cross-functional collaboration Turning the tide to…
Typically, a will is an official document drawn up by a legal professional. It clearly outlines how you want your estate to be distributed after you are gone, and it should avoid any confusion or disputes. However, a recent court case involving the late Aretha Franklin demonstrated that this is…
Failing once at something new is an experiment, and experiments are crucial to success. Failing twice at the same thing might be more accurately called a mistake.
How will hotel operators use new technologies, respond to travelers’ changing needs and preferences, and become more sustainable? Five leaders of McKinsey’s Travel, Logistics & Infrastructure Practice envision what the hotel experience might be like in the 2030s. The following transcript has been edited for clarity. Convenience and customization Caroline…
With Hepatitis C running rampant in Egypt in 2012, Clifford Samuel, then of California-based Gilead Sciences, convened a series of urgent meetings with Egyptian government officials, doctors, and patients. His goal? To make Gilead’s lifesaving Hepatitis C drugs available for Egypt’s most vulnerable by harnessing a new business model. The…
Many organisations focus exclusively on in-year benefits and quick wins at the expense of discovering the deeper opportunities within order to cash (O2C). However, taking a deeper look into these processes can reveal hidden opportunities that can lead to long-lasting results and significant value. This article delves into the importance…
The rapid advancement of artificial intelligence (AI) has resulted in its proliferation across various sectors – from consulting and banking to manufacturing and healthcare, to name just a few. Generative AI has become increasingly widespread and is set to be a game changer at all levels, with far-reaching repercussions for…
Gift cards have become a popular option for offering gifts and rewards in the Business-to-Consumers (B2C) domain. As a business offering gift cards to UK consumers, it is crucial to understand the UK legal rules surrounding gift cards to protect your customers and your business. In this article, we will…
AI is improving ways to power the world by tapping the sun and the wind, along with cutting-edge technologies. The latest episode in the I AM AI video series showcases how artificial intelligence can help optimize solar and wind farms, simulate climate and weather, enhance power grid reliability and resilience,…
Change is an inevitable aspect of any project, whether it’s a small business initiative or a large-scale enterprise venture. Embracing and managing change effectively can make or break a project’s success. In this article, we delve into the crucial role of effective change management in project success. We will explore…
Q: What are the core values that led you to the work you do? Passion and compassion drive me professionally and personally. I have a fervency for service to others that comes out of my roots in Judaism: You don’t have an obligation to perfect the world, but you do…
Americans are all in for labor these days. According to an August 2022 Gallup poll, 71 percent of Americans approve of labor unions, up from 64 percent prior to the pandemic and the highest Gallup has recorded since 1965. SLS Professor Emeritus William B. Gould With Hollywood writers and actors…
Last year, electricity was in short supply, and prices in the electricity market skyrocketed. Rising prices signal a shortage ‒ for example, during hours of high demand and low production from renewables, and during crises such as the gas shortage resulting from the Ukraine war. However, most consumers in Switzerland…
Social value has been ‘a thing’ in the business world since the 70s. But it has gradually increased in prominence, particularly in the last decade as awareness of the importance of operating sustainably has grown. Of course, it’s not just about sustainability. Social value incorporates what organisations do in terms…
Employers have a duty to provide a safe working environment to their employees, to ensure they are not discriminated against, and do not suffer harassment or victimisation, due to any of the protected characteristics under the Equality Act 2010. However, when it comes to bullying at work, employers will have…
The digitisation of businesses and the increasing reliance on technology for core business operations has heightened the risk of a cyber attack. In fact, in this day and age, it's a matter of when – and not if – a cyber attack will take place. A cyber attack can cause…
In 2021, as so many communities continued to grapple with the financial effects of the pandemic, Fernando Cortes struggled to find work and pay his bills. A friend told him that Destination: Home, a nonprofit focused on the unhoused and supported in part by Apple, could help defray the cost…
The idea that a leaner body makes for a faster stride is common among distance runners. But it's inaccurate and sets a dangerous ideal, according to Megan Roche, MD, PhD, an ultrarunner and researcher at Stanford Medicine. Runners who are excessively lean are prone to injuries, infectious diseases, mental health…
Servant leadership was a crucial stepping-stone to a more humane world of work, but “noble-purpose leadership” is better suited for today’s chaotic environment.
Kees Jacobs Part 3: Embed data within the business Welcome to the third part of this initial blog series on the future of commerce and the role of data and technology. In the earlier parts, we discussed the impact of channel-less commerce, the need for connected capabilities, the significance of…
For more than a decade, the World Happiness Report—a collaboration among several top universities in the United States, the United Kingdom, and Canada—has published annual data on the happiest countries in the world; Finland has held the top spot for six years in a row. Part of a vast body…
Private capital loved software —or it did for about a decade, during which capital deployment skyrocketed. In more recent quarters, software markets have reflected global macroeconomic uncertainty. Publicly listed companies’ multiples swooned; access to debt markets tightened; and private markets continued to hold large amounts of dry powder. Developments in…
On June 12, 2023, UBS formally took over Credit Suisse. This step was announced three months ago, at the historic press conference on March 19. Since then, there has rightfully been fierce discussion about the events surrounding the two major banks. Not only was emergency law applied, but state guarantees…
Part-time workers who want more hours are a hugely untapped resource. Strange, since employers continue to encounter skills shortages. Why are qualified, eager workers underemployed? Harvard Business School Professor Joseph Fuller’s latest paper, “Hidden Workers, Part-Time Potential,” reveals that many such workers are caregivers, excluded from full-time jobs because short-sighted…
Interestingly we see a transformative shift of institutional investors towards ESG investing in private markets, highlighting its rise, the demand for enhanced reporting, and the potential for a sustainable future. According to a report published by PwC Luxembourg, titled ‘GPs’ Global ESG Strategies: Disclosure Standards, Data Requirements & Strategic Options‘, institutional…
Conversation is an integral part of everyday life, anchoring all sorts of interactions, from mundane daily planning with one’s partner to collaborative work meetings to jury deliberations. Research has shown that even brief conversations can play an influential role in society, such as by creating support for anti-discrimination laws, or…
The public’s growing concerns about environmental issues, along with the U.S. Federal Trade Commission’s efforts to impose fines on businesses for greenwashing, point to the potential fallout when companies engage in environmentally damaging actions. Companies such as Burger King, KFC, and McDonald’s have all been recent targets of government and…
As the cannabis industry matures, there will be winners and losers. Losers lack access to the U.S. Bankruptcy Code. Marijuana related assets cannot be sold free and clear of liens and encumbrances via the tried and true bankruptcy section 363 sale, which leaves the loser’s creditors without the best tool…
