Entrepreneurs

Hyosung Group Chairman Cho Hyun-joon gives celebration remarks after he was named the CEO of the year Tuesday. [HYOSUNG] Hyosung CEO and Chairman Cho Hyun-joon was named CEO of the year, the energy company said Wednesday. Cho received the 38th CEO award, one of the top honors given to business leaders in Korea, for his contribution to the country’s economic growth and impact on the business ecosystem. The annual award, by the Korean Academic Society of Business Administration, is for entrepreneurs who contribute to the country’s national growth with great entrepreneurship and management skills. “Since his inauguration in 2017, Cho revamped the company’s business portfolio based on carbon neutrality,” the Korean Academic Society of Business Administration said. “Cho also contributed big to practice a “customer first” business principle this year, stressing customer-based management throughout all business activities,” it added. Cho, the grandson of the late Hyosung founder … [Read more...] about Hyosung’s Cho Hyun-joon named CEO of the Year

Share to Twitter Share to Linkedin Topline Elon Musk and Steve Wozniak are among hundreds of high-profile technologists, entrepreneurs and researchers calling on AI labs to immediately stop work on powerful AI systems, urging developers to step back from the “out-of-control race” to deploy ever more advanced products while we better assess the risks advanced artificial intelligence poses to humanity. Key Facts Any AI lab working on systems more powerful than GPT-4—the powerful engine driving OpenAI’s Chat-GPT—should “immediately pause” work for at least six months so humanity can take stock of the risks such advanced AI systems pose, urged an open letter published Wednesday by the Future of Life Institute and signed by more than 1,000 people. Any pause should be “public and verifiable” and include all key players, the letter said, urging governments to “step in” and force the issue for those who are too slow or unwilling to stop. The … [Read more...] about Elon Musk And Tech Leaders Call For AI ‘Pause’ Over Risks To Humanity

Share to Twitter Share to Linkedin Partner of Eventus Advisory Group , LLC., helping companies meet their CFO, Finance and Accounting needs with fractional teams. Focusing on your strengths is such a time-honored strategy it is close to being a platitude. However, it is very tempting as an executive to ignore this wisdom for immediate expediency. One of the most dangerous phrases an executive, or entrepreneur, can utter is “I can do that quicker.” Yes, you probably can, but is it the right thing for you to do? If you focus on improving your weaknesses versus playing to your strengths, you risk being average. You can always hire out to compensate for your weaknesses. But what happens if you are better at multiple things than your current team or even those you can hire? Classical Economics Endorses Playing To Your Strengths: Comparative Advantage Over 200 years ago, economist David Ricardo created the concept of comparative advantage . His … [Read more...] about The Coefficient Of Skill: Why Executives Need To Play To Their Strength

Share to Twitter Share to Linkedin Topline A conservative activist group led by Ginni Thomas, wife of Supreme Court Justice Clarence Thomas, received nearly $600,000 from anonymous donors, the Washington Post reports , the latest in a series of controversies Thomas has faced for her work as a right-wing activist that raise the specter of possible ethical conflicts with her husband’s work. Key Facts Crowdsourcers for Culture and Liberty, which was formed in 2019 and is described in tax filings as an “informal … incubator for ideas across a network of conservative leaders, cultural entrepreneurs, and cultural influences,” received $596,000 between 2019 and the end of 2021, the Post reports. The payments were funneled through the right-wing think tank Capital Research Center (CRC) as a “fiscal sponsorship,” according to the Post , which means Crowdsourcers did not have to disclose donors behind the payment, or information about the group’s … [Read more...] about Ginni Thomas-Led Conservative Group Reportedly Raised $600,000—But We Don’t Know Who From

(CTN NEWS) – Sam Bankman-Fried is charged in a new indictment by US authorities with conspiring to bribe Chinese government officials with $40 million in payments. Bankman-Fried founded the now-bankrupt FTX cryptocurrency exchange. After being detained in the Bahamas in December and brought to the US shortly after, Bankman-Fried now faces a total of 13 charges, including one for conspiring to break the Foreign Corrupt Practices Act’s anti-bribery provisions. In the equivalent of a bank run, FTX filed for bankruptcy on Nov. 11 On Monday, the charge was returned. Additionally, the charge includes wording that indicates a fifth arrest was about to occur in what U.S. Attorney Damian Williams has stated numerous times that there is still an inquiry going on. The indictment claims that this unnamed person collaborated on the bribery scheme with Bankman-Fried and “will be arrested in the Southern District of New York.” When FTX ran out of money following the global … [Read more...] about FTX Founder Bankman-Fried Charged For Bribing Chinese Officials With $40 Million