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Microsoft’s new AI chief explains what’s at the top of his to-do list
26 Jun

Microsoft’s new AI chief explains what’s at the top of his to-do list

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Microsoft's newly installed AI chief, Mustafa Suleyman, is keen to ensure that the Big Tech company is not underestimated.On a recent podcast with Seth Rosenberg, Suleyman explained his new responsibilities at the company. He said he oversaw key teams, including Bing and Edge, and Copilot, Microsoft's flagship AI product.Suleyman added that he'd been impressed with Microsoft's scale and reach since joining the company in March."The quality of products and their scale and reach is sort of much greater than you might think as a kind of default Silicon Valley person who had grown up in Google," he said.He said the…
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Chaddha From Mayfield Fund On The Cognitive Economy
26 Jun

Chaddha From Mayfield Fund On The Cognitive Economy

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Editor’s note: This article is part of an ongoing series in which Crunchbase News interviews active investors in artificial intelligence. Read previous interviews with Felicis, Battery Ventures, General Catalyst, Bessemer Venture Partners, Accel, Insight Partners, Index Ventures, Sequoia Capital, Section 32, M12, Sapphire Ventures and Bain Capital Ventures as well as highlights from these stories from 2023.  Software developers have long touted the ability to automate dull, repetitive work. Now, they’re increasingly coming for more complex tasks. Mayfield Fund 1 is among the firms vested in this trend, investing in the rise of the cognitive workforce through AI-enabled tools for knowledge…
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Bosses are using ‘silent lay-offs’ and ‘quiet firing’ to get rid of employees. It could backfire.
26 Jun

Bosses are using ‘silent lay-offs’ and ‘quiet firing’ to get rid of employees. It could backfire.

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But the latest workplace trends — "silent layoffs" and "quiet firing" — could be the most harmful to date.Silent layoffs occur when a company provides staff with severance packages but asks them to keep quiet about the details of their exit.Quiet firing or quiet quitting, meanwhile, is a subtle move by bosses to make a role less appealing, motivating workers to quit rather than forcing them out through layoffs.Experts warn that both can create PR disasters and harm company morale.A cautionary taleThe most recent high-profile example of silent layoffs is PwC, a UK-based accounting firm that launched a voluntary severance…
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2 St. Louis residents are suing the city’s basic income program in an attempt to halt what they call ‘unconstitutional’ $500 monthly payments to low-income families
26 Jun

2 St. Louis residents are suing the city’s basic income program in an attempt to halt what they call ‘unconstitutional’ $500 monthly payments to low-income families

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As St. Louis continues its guaranteed basic income pilot, two residents are suing to cut the program's funding. The lawsuit alleges that the city's plan to give low-income families $500 a month is unconstitutional in the state of Missouri.Submitted to a circuit court on June 13, the lawsuit claims that it is a Missouri Constitutional violation for local leaders to give cash to residents in the form of basic income. The suit cites a clause in the state's Constitution that prohibits all municipalities and political corporations from granting "public money or property to any private individual."The plaintiffs, Greg Tumlin and…
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Rimac’s Super-Sleek Robotaxi Has More Room Than a Rolls-Royce
26 Jun

Rimac’s Super-Sleek Robotaxi Has More Room Than a Rolls-Royce

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The Rimac Group describes Verne—its new autonomous ride-hailing service—as its “next impossible thing.” First, founder Mate Rimac established his eponymous electric hypercar company in Croatia, a country with no history of carmaking. That went well. Porsche, Hyundai and Softbank all took stakes. The Volkswagen Group gifted him a majority stake in Bugatti in return for access to his propulsion tech in future models.Rimac Technology now supplies electric drivetrains to Porsche, BMW and Aston Martin, among many others, and it is developing advanced energy storage tech, too.And now there's Verne, Mate's autonomous ride-hailing service launched today in Zagreb, the Croatian capital. Named after…
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I’m a real-estate agent in the Hamptons. Here are the hottest spots to see and be seen this summer.
26 Jun

I’m a real-estate agent in the Hamptons. Here are the hottest spots to see and be seen this summer.

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This as-told-to essay is based on a conversation with Jonathan Yarton, a 27-year-old real-estate agent from Rochester, New York. It's been edited for length and clarity.I've been a real-estate agent in New York City, Long Island, and the Hamptons for five years. I'm also on the second season of the HBO show "Selling the Hamptons," and I'm the founder of Finding Space, a weekly newsletter of the trends I'm seeing in real estate.Six months into my career, the COVID-19 pandemic hit. I started helping people find rentals in the Hamptons as a way to leave the city. I'm also familiar…
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