Forbes vetted

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 Topline The U.S. Food and Drug Administration approved Narcan for over-the-counter use Wednesday, marking the first time a drug used to reverse the effects of an opioid overdose is available without a prescription, in an effort to combat the ongoing epidemic plaguing the country. Key Facts The FDA approved a four milligram nasal spray dose of narcan, or naloxone hydrochloride, for over-the-counter use, in a move that’s expected to take months. The FDA said it will be up to manufacturers to determine the price and availability of the drug, but it expects the medication to be available in convenience stores, drug stores, gas stations and grocery stores. Big Number 101,750 . That’s how many reported fatal overdoses the U.S. saw in a 12-month ending in October 2022, the FDA said. Key Background The FDA first approved narcan nasal spray for prescription use in 2015 in an effort to combat the … [Read more...] about FDA Approves Narcan—An Opioid Antidote—For Over-The-Counter Use Amid Overdose Epidemic

Share to Twitter Share to Linkedin Topline Cal-Maine Foods, the nation’s biggest egg producer, experienced a seven-fold year-over-year jump in quarterly profits in the three-month period ending February 25, according to its Tuesday afternoon earnings report , a jarring revelation into how the company cashed in on soaring egg prices. Key Facts Cal-Maine sold 291,000 cartons of a dozen eggs at an average price of $3.30 per carton last quarter, an increase of 1.3% in unit sales compared to the same period last year at more than twice the price. Thanks to soaring retail egg prices nationwide as Cal-Maine’s competitors dealt with an avian flu outbreak that caused egg shortages, Cal-Maine scored $323 million in profits last quarter, a 718% year-over-year increase and a more than 2,000% increase from the same period in 2021. In a statement accompanying the earnings release, Cal-Maine CEO Sherman Miller defended his company’s surge in profits and … [Read more...] about Country’s Largest Egg Producer Saw Profits Surge 718% Amid Shortage

Share to Twitter Share to Linkedin The non-profit organisation, Seattle Audubon Society, has formally changed its name and will now be known as Birds Connect Seattle © Copyright by GrrlScientist | hosted by Forbes Last August, I told you about the Seattle Audubon Society , a community-based bird conservation and birding organisation where I was a member, and its decision to change its name to be more inclusive to people from all walks of life (more here ). They’ve made their choice to formally change their name to “Birds Connect Seattle”. That’s quite a mouthful, isn’t it? This bold decision contrasts with the National Audubon Society ’s recent decision, reached after one year of deliberations, namely, not to change their name. “I understand people may be wondering how that is possible if ‘Audubon’ remains in our name. That is a question the Board has grappled with, and ultimately, they decided that the organization transcends … [Read more...] about Name Change Celebrates Inclusive Future For Seattle Audubon Society

Share to Twitter Share to Linkedin C how Shing Yuk, a former professional poker player who studied economics at Stanford University, has joined the billionaire ranks, but not because he drew a lucky hand. Over the past decade, Chow, 44, has steadily built Lalamove into a logistics and delivery giant from a base in Hong Kong, backed by the likes of Neil Shen’s Sequoia China and Lei Zhang’s Hillhouse Capital. On Tuesday, Chow’s company, whose formal name is Lalatech Holdings, filed for an initial public offering in Hong Kong that revealed he owns a 25% stake through a family trust. Based on Chow’s stake and proceeds of earlier share sales, Forbes estimates, his net worth to be $2.2 billion, making him a rare startup billionaire in Hong Kong. Lalatech’s last private fundraising was a $230 million Series G round in November 2021, during the startup bubble. According to a report by technology website the Information, that round valued Lalatech at a … [Read more...] about Former Pro Poker Player, Who Founded Asian Delivery Giant Lalamove With His Winnings, Becomes A Billionaire

Share to Twitter Share to Linkedin Here is the published version of this week’s Forbes Careers newsletter, which brings the latest news, commentary and ideas about the workplace, leadership and the future of work straight to your inbox every Wednesday. Click here to get on the newsletter list ! I t started in tech. But could it be spreading beyond Silicon Valley and startup world to other major mainstream firms? I’m speaking of the “ rolling layoff ”—the name one former human resources executive gave to describe companies making job cuts in a series of rounds, rather than executing them all at one time. Disney said Monday it plans to cut 7,000 employees starting this week, my colleague Brian Bushard reported . “A second, larger round of notifications will happen in April with several thousand more staff reductions, and we expect to commence the final round of notifications before the beginning of the summer to reach our 7,000-job target,” … [Read more...] about The New Reality Of ‘Rolling Layoffs,’ AI’s Impact On Jobs And The Worst Email Sign-Offs

Share to Twitter Share to Linkedin Sergio Ermotti is the right man to lead the UBS takeover of Credit Suisse and administer the required shock to the people of Credit Suisse. This is the case because of three fundamental truths. 1) The key to successful mergers or acquisitions is getting the new combined culture right. 2) This is not a merger. It’s a takeover in which Credit Suisse’s people will need to adopt the UBS culture or go elsewhere. 3) Ermotti has done this before, righting UBS’ culture following its own meltdown. This is why Ermotti’s 100-day action plan as the CEO combining the entities will most likely involve shocking the Credit Suisse people by folding them into UBS’s culture. This will involve more telling than co-creation to force compliance with the UBS way of doing things. Expect this to be painful and many of the Credit Suisse people to fall by the wayside. While this is almost always the last choice way for a new executive onboarding into … [Read more...] about Sergio Ermotti’s 100-Day Action Plan As The Shocking New CEO Of UBS/Credit Suisse

Share to Twitter Share to Linkedin The Author Wasted No Time In Solving His Dilemma A couple of months ago I wrote an article questioning whether getting a dog at this point in my life is a good idea. While my wife and I strongly missed the companionship and unconditional love we got from our pets, our age, health status, and lifestyle were definitely considerations. We were free to travel without having to find a sitter, we didn’t have to rush home after dinner and a show to the poor pup to let him out of his crate. And we didn’t have expensive vet bills! I closed the article with the question of whether the dog we lost 6 months before that would be our last dog. That question — defining the problem — was the first step. Here’s our answer to the question in the form of a photo of our new puppy, Beau, half border collie and half poodle. He’s currently about 16 weeks old and weighs 16 pounds, on his way to about 30 to 35 lbs. Yes, he’s adorable. But … [Read more...] about The Answer To Whether I’m Too Old To Get Another Dog

Share to Twitter Share to Linkedin Have you seen the “planetary parade” after sunset? It’s getting a lot of media attention, partly because Jupiter is about to sink into the Sun’s glare and ruin it, but you can still glimpse some or all or five planets naked-eye and with binoculars this week. Mercury, Jupiter, Venus, Uranus and Mars are all visible right after sunset—though Jupiter and Mercury could be tricky depending on where you observe from. Get somewhere high with a clear view of the western horizon to watch the sunset. After sunset have a look for Jupiter and Mercury very close to the horizon. You may need binoculars. Above them will be a very bright Venus, while high in the sky will be red Mars, flanked by an almost First Quarter Moon tonight. If you want to watch it online then The Virtual Telescope Project will stream it live at 17:45 UTC (13:45 EDT) on Tuesday, March 28, 2023. MORE FROM FORBES Say Goodbye To Jupiter With A … [Read more...] about Planetary Parade: See Five Planets Line Up In The Night Sky This Week

Share to Twitter Share to Linkedin Araya Solomon is Head of Americas Financial Services for DXC Luxoft with 23+ years of consulting experience in APAC, EMIEA and AMS. The asset management industry is likely to see a continued focus on automation and digitalization in the future of order management systems. This may include the use of artificial intelligence and machine learning to improve the efficiency and accuracy of trade execution, as well as the integration of blockchain technology to enhance transparency and security. Additionally, there is a demand for real-time analysis of data providing better risk and portfolio management and the ability to cope with market changes. Overall, the future of order management systems in the asset management industry will likely prioritize technology-driven solutions that can improve performance and streamline processes. Artificial Intelligence And Machine Learning Artificial intelligence (AI) and … [Read more...] about How Order Management Systems Can Leverage New Technology