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Tech leaders in financial services say responsible AI is necessary to unlock GenAI value
Good morning. CFOs are increasingly responsible for aligning AI investments with business goals, measuring ROI, and ensuring ethical adoption. But is responsible AI an overlooked value creator?Scott Zoldi, chief analytics officer at FICO and author of more than...
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Don’t date at work, don’t be a jerk: In our viral age, CEOs should behave like royalty to avoid being fired
Good morning. It’s great to be back after a short break. Catching up, I’ve been struck by the number of CEOs facing public scrutiny—and sometimes a public ouster—for their behavior beyond the job. In the past week alone, we’ve...
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Gold Reserve Provides Clarification on Consideration Offered by Amber Energy in Connection With Its Lower Bid
Article contentPEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) today issued a clarification regarding the purported consideration offered by Amber Energy to Gold Reserve as part of Amber Energy’s bid.THIS...
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Figma is getting crushed in its post-IPO earnings debut; CEO Dylan Field is focused on AI’s long term power to ‘raise the ceiling’
Shares of design software company Figma plunged 14% in extended trading, as investors took a dim view of Figma’s first quarter earnings report. Figma CEO Dylan Field, who cofounded the company in 2012 and watched its $20 billion acquisition by...
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McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase
McDonald’s is banking on burgers and fries to tell a bigger story about the American economy. Chief executive Chris Kempczinski is slimming down the cost of the fast-food giant’s value meals as he grapples with what he calls a...
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With market on edge about Friday’s jobs report, new data confirms the economy has the fewest job openings in nearly a year
With Wall Street on edge about Friday’s jobs report for August—the first since July’s shocker, which included a massive downwards revision of jobs growth for May and June—it got another jolt on Wednesday. The JOLTS survey, a closely watched...
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No credit history? No problem − new research suggests shopping data works as a proxy for creditworthiness
If you didn’t know much about someone, would you lend them a whole lot of money? Probably not – and banks are the same way. That’s why people with no credit history often have trouble...
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From intention to impact: 3 ways men in leadership can build equitable workplaces that work for everyone
Many top-performing companies say they are committed to supporting women in the workplace, and there’s reason to believe most men want to be better allies to women as well. They just don’t know how.We are...
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Nvidia’s massive market cap is a ‘bubble risk,’ Deutsche Bank says: ‘We appear to be in uncharted territory’
US stocks slid as the S&P 500 fell 0.69% and Nvidia dropped 1.95% yesterday. Analysts warn that outsized valuations in a few tech giants (especially Nvidia) have created a concentration risk in U.S. stocks reminiscent of past bubbles.The S&P...
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U.S. pulls TSMC’s waiver for China shipments of chip supplies
The U.S. has revoked Taiwan Semiconductor Manufacturing Co.’s authorization to freely ship essential gear to its main Chinese chipmaking base, potentially curtailing its production capabilities at that older-generation facility.American officials recently informed TSMC of their decision to end the...
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Legendary Italian designer Giorgio Armani dies
Annabel RackhamCulture reporter Getty ImagesThe Italian fashion designer and billionaire brand owner Giorgio Armani has died at the age...