ReportWire

Tag: michael o'leary

  • AI hitting UK jobs market harder than other economies, Apple to unveil AI-powered Siri next month – Tech Digest

    [ad_1]

    Share


    The UK is losing more jobs than it is creating because of artificial intelligence and is being hit harder than rival large economies, new research suggests. British companies reported that AI had resulted in net job losses over the past 12 months, down 8% – the highest rate among other leading economies including the US, Japan, Germany and Australia, according to a study by the investment bank Morgan Stanley. The research, which was shared with Bloomberg, surveyed companies using AI for at least a year across five industries: consumer staples and retail, real estate, transport, healthcare equipment and cars. Guardian 

    Apple is planning to unveil its newly revamped Siri assistant at an event next month, according to a report. The latest version of Apple’s digital assistant will be powered by Google’s market-leading Gemini AI model following a recently announced partnership between the two US tech giants. The long-overdue upgrade to Siri, which launched as Apple’s proprietary voice assistant on the iPhone in 2011, will arrive with iOS 26.4, according to Bloomberg. Beta testing is expected to begin in the second half of February before a public rollout in March or April. Independent 

    One of them is an “idiot”. The other is running a “cesspit”. Even for connoisseurs of corporate spats, the war of words that broke out this week between the world’s richest man Elon Musk and Ryanair’s Michael O’Leary has turned into a classic of the genre. The two men have been tearing lumps out of each other for the last few days, and the argument could even turn into a full-scale takeover of the airline. And yet, one point is surely clear. Sure, Musk has plenty to boast about. But so far he is no match for the pugnacious O’Leary – and right now he just looks envious of his wittier rival. Telegraph 

    You may well have noticed issues with the automatic filters and spam scanning in your Gmail inbox over the weekend: these are issues that Google has officially acknowledged, and a fix should now be making its way out to users. As per the Google Workspace Status Dashboard (via Engadget), numerous issues affected users of Google’s email app across the course of Saturday. These issues included “misclassification of emails” via Gmail’s built-in automatic filtering. Tech Radar 

    [ad_2]

    Chris Price

    Source link

  • Former RXR exec Michael O’Leary joins Tritec as CFO | Long Island Business News

    [ad_1]

    , a former executive with , has joined as its chief financial officer. 

    O’Leary spent 18 years with Uniondale-based RXR, eventually serving as executive vice president and CFO. He helped boost RXR from a $2 billion company with a staff of 80 to a $20 billion business with more than 500 employees, according to a Tritec statement. Appointed as RXR’s CFO in 2020, O’Leary directed financial management, strategic planning and investor relations, establishing the company’s Fund Portfolio Management and leading teams in capital markets, accounting and long-term strategic initiatives. 

    A certified public accountant and member of the American Institute of Certified Public Accountants, O’Leary began his career in the Real Estate Group at Ernst & Young, managing integrated audit engagements for real estate, construction and hospitality companies. At Ronkonkoma-based Tritec, O’Leary will oversee the company’s , planning and operations. 

    “We are thrilled to welcome Michael O’Leary to the Tritec family,” company co-founders and principals Bob Coughlan and Jim Coughlan said in the statement. “His expertise, vision, and proven leadership in guiding companies through growth and transformation will be invaluable as we continue to expand our portfolio and strengthen our position as a leader in real estate development. Michael’s addition reflects our commitment to building a team that can deliver on our mission of creating vibrant, lasting communities.” 

    O’Leary, who holds a Bachelor of Science in Accounting from the State University of New York at Albany and an MBA from Columbia Business School, says he is excited to join Tritec. 

    “Tritec has an extraordinary legacy of building communities and creating value,” O’Leary said in the statement. “I’m honored to join Tritec at this exciting moment in its growth. I look forward to leveraging my experience to help scale the company’s financial infrastructure and support its long-term vision.” 


    [ad_2]

    David Winzelberg

    Source link

  • This budget airline is making record profits | CNN Business

    This budget airline is making record profits | CNN Business

    [ad_1]


    London
    CNN
     — 

    Ryanair expects it will be able to charge higher prices for flights over Easter and the summer, thanks to strong demand from American and Asian tourists and less competition from rivals.

    The low-cost European carrier told customers in an earnings statement on Monday to “book early” before cheaper tickets sell out. It reported record profit for the three months to December 31, after increasing airfares by 14% compared to their pre-pandemic level.

    “The return of Asian traffic to Europe and a particularly strong transatlantic marketplace driven by a very strong dollar will see robust demand both through the Easter and into the summer of 2023 for short-haul flights across Europe,” CEO Michael O’Leary said in a video posted to the company’s website.

    The collapse of rival airlines during the pandemic and cuts by competitors to fleets and passenger capacity would also underpin Ryanair’s strong traffic numbers “hopefully at higher fares,” O’Leary said.

    The Dublin-based airline has emerged from the coronavirus pandemic in a strong position, even as several of its competitors went bankrupt or needed government-backed bailouts. The latest casualty was small UK regional carrier Flybe, which filed for bankruptcy and ceased trading over the weekend.

    Ryanair has also managed to avoid the staff shortages that have plagued rivals, leaving it well positioned to take advantage of a swift recovery in air travel following the pandemic.

    “We’re seeing very strong market share gains in most of our major markets like Italy, Poland, Ireland and Spain where competitors have removed significant capacity or are retreating from competition with us,” O’Leary said.

    Passenger numbers for the quarter through December climbed to a record 38.4 million. That’s 7% higher than the same quarter in 2019 before the pandemic hit. Fares for the quarter were higher than in 2019 “because of a very strong Christmas and New Year period,” according to O’Leary.

    The airline posted its highest ever third-quarter profit, earning €211 million ($230 million) for the three months through December compared to a loss of €96 million ($105 million) for the same period in 2021.

    That beat its previous record in 2017 of €106 million ($115.5 million), according to Reuters, and was more than double the result for the comparable quarter in 2019.

    The Irish airline expects to carry 168 million passengers in the 12 months through March 2023, 13% higher than the year before the coronavirus, which was its previous record. It expects that number to grow to 185 million passengers over the 12 months to March 2024.

    The airline said its growth forecast was based on the delivery of 124 “Gamechanger” Boeing

    (BA)     737 aircraft for the summer peak, but warned that some of those deliveries could “slip.”

    Ryanair has in the past been openly critical of Boeing’s “inability to meet its delivery schedule.”

    [ad_2]

    Source link