Quick Hits The DOL’s Wage and Hour Division published new field assistance guiding its field staff on the implications of employers’ increasing use of automated systems and AI technologies. The guidance cautions that while such technologies have workplace benefits, human oversight is necessary to avoid results that violate federal labor…
Leading AI Transformation: Moody’s drives pragmatic AI innovation to help employees and customers around the world - Source For over 100 years, Moody’s Corporation has been helping organizations make better decisions through data—believing that understanding risk is the best way to get ahead of it. Working with Microsoft, the company…
Leaders have fretted since COVID-19 lockdowns that collaboration and innovation might suffer when teammates interact less. New research points to an emerging concern four years on, as organizations settle into remote, hybrid, and in-person configurations: Potentially fewer opportunities for vital knowledge sharing outside one’s core department.That is one implication of…
A tape measure may seem an unlikely tool to identify unconscious bias within an organization, yet in the hands of biologist Nancy Hopkins, it quantified gender bias and became a powerful symbol of the fight for gender equality. At Carnegie Mellon University, during the most recent Scientists & Strategists lecture…
If history is a guide, transformative breakthroughs emerge when powerful creative tools reach the masses. That’s why we’re thrilled to lead the $5M seed round for Yellow, a company focused on revolutionizing 3D character creation through generative AI. The potential impact is immense. Despite rapid progress in 2D image generation…
Quick Hits On April 29, 2024, three separate lawsuits were filed challenging the 2024 Title IX regulations: (1) Louisiana, Mississippi, Montana, and Idaho filed one lawsuit in the Western District of Louisiana; (2) Alabama, Florida, Georgia, and South Carolina filed a second lawsuit in the Northern District of Alabama; and…
President Joe Biden to join Microsoft for announcement in Mount Pleasant Mount Pleasant, WI – May 8, 2024 – Microsoft today announced a broad investment package designed to strengthen the role of Southeast Wisconsin as a hub for AI-powered economic activity, innovation, and job creation. These investments include $3.3B…
Ravi Acharya, a PhD researcher who performed experimental work in the project, explained: "The great advantage of silicon quantum computing is that the same techniques that are used to manufacture the electronic chips — currently within an everyday computer that consist of billions of transistors — can be used to…
Is it appropriate to restrict employees from expressing their political views at work? On the one hand, you want people to feel free to express themselves. But then, you don’t want those water cooler chats to turn into full-blown political showdowns. According to a Gartner survey, around four out of…
History shows that during times when Russia's vital interests are affected, its people are ready to maintain confrontation for as long as necessary. The confrontation with the West around Ukraine is such a situation. At the same time, unlike other major threats that our country has faced in past eras,…
Opal Sandy from Oxfordshire is the first patient treated in a global gene therapy trial, which shows 'mind-blowing' results. She is the first British patient in the world and the youngest child to receive this type of treatment.Opal was born completely deaf because of a rare genetic condition, auditory neuropathy,…
Artificial intelligence that allows users to hold text and voice conversations with lost loved ones runs the risk of causing psychological harm and even digitally 'haunting' those left behind without design safety standards, according to University of Cambridge researchers. ‘Deadbots’ or ‘Griefbots’ are AI chatbots that simulate the language patterns and…
Imagine that two brands are running contests where participants stand to win nearly identical fitness watches. Both companies will award the watches to randomly chosen winners, amounting to 1 percent of all participants. Brand A has capped the number of entries at 1,000, while Brand B allows up to 10,000…
Nonstop disruption. We have all lived through it the past several years: a global pandemic, geopolitical and economic instability, and the rise of new technologies such as generative AI (gen AI). This increasing pace of change, coupled with the anxiety of prolonged uncertainty, has created a situation in which companies…
Frontiers Research Highlight Research shows that employees who are steered by digital nudges may lose some ethical competency. That has implications for how we use the new generation of AI assistants. Julian Friedland, David B. Balkin, and Kristian Ove R. Myrseth May 08, 2024 Reading Time: 6 min Topics Frontiers…
Seyfarth Synopsis: The California Supreme Court concluded that the “good faith” defense applies to claims seeking to impose penalties under California Labor Code section 226. An employee must show that an employer’s failure to comply with section 226(a) was both knowing and intentional in order to establish an entitlement to…
It’s an unquestionable fact that stress is bad for your health. Did you know, though, that research from University College London has found that financial stress is the most detrimental to biological health – more than divorce or even a bereavement? In a recent study, Moneybox found that: Nearly half…
A team of engineers, neuroscientists and surgeons from the University of Cambridge developed the devices and used them to record the nerve signals going back and forth between the brain and the spinal cord. Unlike current approaches, the Cambridge devices can record 360-degree information, giving a complete picture of spinal…
Crammed elbow to elbow around a table in a tiny basement-level Clark Center conference room, a multidisciplinary cross-section of scientists, physicians, engineers and students convened to scarf sandwiches and compare notes. They were there that fateful Friday in 2019 because Karl Deisseroth, MD, PhD — one of Stanford Medicine’s most…
Midsize companies don’t dominate the headlines and investor attention the way corporate behemoths do, but they are the economic engines of many countries and a vital part of the global business ecosystem. The world’s 50,000-plus midcap companies—which we define as organizations with $200 million to $2 billion in revenue—represent more…
Until recently, unless you worked on a trading floor, making your own stock deals wasn’t easy. “When I started 20 years ago, I used a dial-up connection and paid $17 per trade, which meant I thought long and hard before each one,” recalls Ed deHaan, a professor of accounting at…
Seyfarth Synopsis: On April 23, 2024, the Department of Labor released its latest attempt to amend its 1975 “fiduciary rule” and seven prohibited transaction class exemptions issued between 1975 and 2020 that investment advice fiduciaries have relied in connection with sales of common investment products like securities, mutual funds and…
The generative AI revolution is here, and businesses across the globe and across industries are adopting the technology into their work. However, the learning curve for your own AI applications can be steep, with 52% of organizations reporting that a lack of skilled workers is their biggest barrier to implement…
In its relations with the sovereign states of the “southern belt” of the former USSR, Russia considers itself like any European empire of the past, with the exception that its policy there has always been focused not on the exploitation of territories, but on their development. The most clear evidence…
The Federal Trade Commission (“FTC”) is taking bold actions to challenge business’s collection and monetization of consumers’ personal data—particularly sensitive personal data. This month, the FTC reached settlements with a data broker, X-Mode Social and its successor Outlogic LLC (“X-Mode”), and an alcohol addiction treatment firm, Monument Inc. (“Monument”), for,…
In just two years, the debit card has replaced cash as the preferred payment method among Spanish-speaking Latin Americans, and mobile payments have quickly gained ground, too, particularly in countries such as Argentina and Peru.Those are some of the key findings from our two comprehensive payments surveys polling more than…
Find the right balance between listening and learning versus acting in this excerpt from The New CEO. Ty Wiggins May 07, 2024 Reading Time: 7 min subscribe-icon Subscribe Share Carolyn Geason-Beissel/MIT SMR The hardest part of a CEO transition is finding the right balance between listening and learning versus acting.…
Special Purpose Entities in Commercial Real Estate Transactions Corporate structures in commercial real estate transactions can often be very complex and involve layers of entities. Special purpose entities that are bankruptcy remote (“SPEs”) are frequently used in commercial real estate loans to limit certain risks associated with a bankruptcy filing…
Brian Kenny:What do tires and oat cuisine have in common? The answer was obvious to brothers André and Édouard Michelin. France in 1889 had just a few thousand cars on the road, barely enough to keep their fledgling tire company afloat. So they created a guidebook to show people all…
The Financial Services industry is no stranger to post termination restrictions or restrictive covenants. They are commonly used in order to protect business interests particularly when dealing with client facing roles such as independent financial advisers (IFAs) or insurance brokers. A common restriction, and often one of the most valuable…
A new study examined the drinking levels and patterns of young adults before, during and after the pandemic. The researchers found alcohol use and alcohol-related problems substantially decreased in heavy-drinking young adults during the pandemic, and these decreases were still evident as the pandemic began to wane. The results are…
As more workloads and data move to the cloud and generative AI takes over the enterprise, cybersecurity is more critical today than ever. And that’s because with every new paradigm shift—from the internet to cloud computing—the sheer magnitude of digital threats has exploded and threat vectors have become increasingly sophisticated.…
Leaders must encourage respectful debate during meetings and use related strategies to avoid toxic post-meeting dynamics. Phillip G. Clampitt May 06, 2024 Reading Time: 13 min Carolyn Geason-Beissel/MIT SMR | Getty Images A leader attempting to quash the meeting after the meeting would be like a coach trying to stop…
Quick Hits Retailers with at least 300 or more employees worldwide and that have employees in the County of Los Angeles will be required to provide their employees with predictable schedules. The county ordinance is similar to a City of Los Angeles ordinance that took effect in April 2023. The…
During the South Africa Summit held in 2023, the BRICS countries agreed to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to become new members in 2024. Although it was welcomed by the foreign offices of the member countries as a demonstration of the group's strengthening,…
In the tumultuous seas of the ever-evolving global economy, geopolitics and technology, board directors must become agile captains, navigating the relentless waves of change with strategic foresight and adaptability. This requires a clear view of the path ahead.At the recent INSEAD Directors Forum, Professor of Economics Pushan Dutt and Professor of…
Topics Frontiers An MIT SMR initiative exploring how technology is reshaping the practice of management. More in this series Gary Waters/Ikon Images Dilip has been working hard on a game-changing idea for a new product. But when he excitedly approaches his boss to share it and get approval for further…
AI is transforming our world, unlocking new possibilities to enhance human abilities and to extend opportunities globally. At the same time, we are also facing an unprecedented threat landscape with the speed, scale, and sophistication of attacks increasing rapidly. To meet these challenges, we must ensure that AI is built,…
Virtual meetings have become the standard for global and hybrid team communication, but what happens when the call ends? Participants who are in the same room keep talking—and the tone of those conversations can dramatically impact team dynamics over time, says new research.Think of the Zoom screen or the conference…
More women than ever are following their own careers and enjoying significant earning potential. So, when it comes to managing money, are things different for women who are high earners? George Howard, Chartered Financial Planner, looks at some of the key factors for women when it comes to financial planning…