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Tag: TECH

  • Why Entrepreneurs Should Embrace Generative AI | Entrepreneur

    Why Entrepreneurs Should Embrace Generative AI | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    ChatGPT’s prototype launched less than half a year ago, shocking though it may seem. In the short time since, the platform has transformed how marketers, creators and inventive students view content creation. Depending on who you ask, and depending on how they are embraced, generative AI platforms like ChatGPT and Google’s newly released Bard will either improve the way we do business or put us out of business.

    One year ago, generative AI art approximating colleagues’ facial characteristics littered our LinkedIn feeds. Now we’re discussing the future of work as we know it … and it will likely be determined by those same behind-the-scenes algorithms.

    I encourage you to consider not what generative AI can take away but what it can provide. While it’s only natural for a technology that solves the unsolvable to cause a certain amount of trepidation, it’s not a reason to try to ignore or suppress its capabilities. In fact, consider for a moment the major technological advancements of past centuries and the significant impact they had on GDP (Gross Domestic Product) over the years.

    For example, the industrial revolution in the late 18th and early 19th centuries led to a massive increase in productivity and output in manufacturing industries, which contributed to the growth of GDP. Similarly, the advent of the internet and digital technologies in the late 20th century has revolutionized communication and information sharing, which has led to the growth of many new industries and businesses, contributing to an increase in GDP. As we once again face a revolutionary technology, I contend that we should spend less time on what it will take away, and more time on how we will leverage it to create and accomplish more.

    Related: Why Are So Many Companies Afraid of Generative AI?

    AI has already enabled remarkable innovations

    Enterprises handle a massive amount of data. From CRMs to APIs to consumer-facing technologies and beyond — everything in the enterprise tech stack generates an enormous volume of insight-rich data. Globally, The World Economic Forum predicts we will generate about 463 exabytes of data daily as early as 2025. For context, that’s 1,000 bytes multiplied by a factor of six. In other words, it’s more data than we as humans know what to do with or how to maximize the value of.

    While our species is incapable of fully understanding data at this scale, much less extracting value from it, non-generative AI applications have been heavily leveraged to categorize, analyze, correlate and draw conclusions from such data at a phenomenal rate. Generally speaking, this level of efficiency-driving data science and machine learning was quickly embraced and adopted across numerous industries from business to healthcare. Because such non-generative AI was not seen as a threat to human competencies, but rather as a tool to help us achieve more, we have made tremendous progress by leveraging such technologies.

    Such is not the case with this new form of generative AI that has now emerged, the capabilities of which are deemed to overlap a lot more with those of humans. In fact, generative AI is causing citizens and business leaders alike to be seemingly much more cautious about its applications and the threat that it may pose to jobs, industries and our current way of life than they were about its non-generative predecessor. While some of these concerns are certainly founded, it is imperative that we look not only at what we may lose but what we stand to gain by embracing this new technology — and even what we stand to lose by not embracing it.

    Related: How ChatGPT and Generative AI Can Transform the Way You Run Your Business

    AI has the potential to transform workplace tech

    One example of how generative AI can change our lives, or at least the course of our workday, is its ability to transform our relationship with the everyday software around us.

    Today, humans use software to accomplish or be more efficient at certain tasks. In most cases, we are required to physically interact with the software, digest information it gives us, make decisions on the tasks and strategies we will implement using said software, then, of course, use the software itself to execute those tasks. While ultimately the software is helpful, there is no ignoring that to reap its full benefit, we must invest time and effort into it which is taken away from other core parts of our day.

    But consider for a moment a world where such a relationship is antiquated, and that software is no longer a tool that we have to spend time using, but rather a partner that will give us time back by doing things for us. Generative AI is one of the keys to realizing this new relationship with software. Time-consuming decisions and tasks across organizations and society are now automatically completed on our behalf, giving us time back to do more of what we are passionate about and great at. The efficiencies gained, not to mention the optimizations leveraged, will not only transform our outputs as a society, but the learnings and further innovations that will result will transform our economies, technologies and ways of life. This is where we at SOCi see software going and where we are investing our time and leveraging new AI technologies.

    Related: The Perfect Blend: How to Successfully Combine AI and Human Approaches to Business

    How do we move toward an AI-based future?

    My answer to this question is simple: optimistically, but cautiously. Although I’ve discussed the positives of AI maturity at length, I must also emphasize what AI can’t accomplish.

    AI, generative or otherwise, is a powerful tool that can be leveraged, but it is seldom the end product. It is our responsibility to train the tool to be effective, to integrate it into workflows and processes that we need to achieve our goals and to continue to consider the needs of our customers. While the AI models flooding the market today are powerful, they still need direction, application and that “human touch” to be rendered into specific solutions suitable for our businesses.

    It is also important to note that while AI may be leveraged to provide insights and complete certain tasks, it does not (yet) “think” as humans do. AI models are built to process data and deliver outputs but not to produce original thoughts and complex solutions. For the time being, humans will still be at the helm of crafting such strategies and solutions to larger societal or organizational challenges.

    In the end, it will be the innovators amongst us that accept these challenges and embrace the benefits of AI that will dictate the advancements that we make and the transformations that our way of life will undergo. Our creators at SOCi are deeply passionate about being at the forefront of this movement and specifically about authoring the transition of the relationship our customers have with marketing software — from a tool that they use to accomplish meaningful tasks to a co-marketer who can execute on thousands of data-driven decisions and tasks — for them to deliver real-world results and give them time back to do what they are passionate about.

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    Afif Khoury

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  • Tech-stock picks that are small and focused: This fund invests in unsung innovators. Here are 2 top choices.

    Tech-stock picks that are small and focused: This fund invests in unsung innovators. Here are 2 top choices.

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    When investors think of technology stocks, they might automatically gravitate toward “the next big thing,” or to the giant companies that dominate the S&P 500
    SPX,
    -0.40%
    .
    But Robert Stimson, chief investment officer of Oak Associates Funds, makes a case for diversification through exposure to smaller innovators which he believes are “overlooked in this environment.”

    The River Oak Discovery Fund
    RIVSX,
    +0.98%

    invests in tech-oriented companies with market capitalizations of $5 billion or less, with an average of about $2 billion. It has a five-star rating, the highest, from Morningstar, despite having what the investment information firm considers “above average” annual expenses of 1.19% of assets under management. The fund is ranked in the 6th percentile among 546 funds in Morningstar’s “Small Blend” category for five-year performance and in the 13th percentile among 374 funds for 10-year performance. The performance comparisons are net of expenses.

    The Black Oak Emerging Technologies Fund
    BOGSX,
    +1.54%

    has more of a midcap focus, with some small-cap stocks and follows a similar strategy to that of RIVSX. But with no restriction on the size of companies this fund invests in, “we don’t have to sell stocks,” Stimpson said. So long-term holdings of this fund include Apple Inc.
    AAPL,
    -0.05%

    and Salesforce.com Inc.
    CRM,
    +0.69%
    .
    This fund is rated three stars within Morningstar’s “Technology” category and has a lower expense ratio of 1.03%.

    Both funds are concentrated. The River Oak Discovery Fund held 34 stocks and the Black Oak Emerging Technologies Fund held 35 stocks as of March 31. Lists of both funds’ largest holdings are below.

    During an Interview, Stimpson, who co-manages both funds, said that when investing in the small-cap technology space, he and colleagues identify companies that are “focused on niches.

    “I want a company that knows who they are, what they do and do it well, rather than a small company trying to growing into the next Microsoft, Google or Salesforce,” he said.

    More about giant companies dominating stock indexes: This twist on a traditional S&P 500 stock fund can lower your risk and still beat the market overall

    Stimpson said Oak Associates pays close attention to what corporate management teams say during earnings calls and in presentations, preferring comments related to improving sales and operations with a market niche, rather than expressions of grand visions for exponential growth.

    That type of narrow focus can support higher valuations over time, Stimpson said. “They have better execution, a better ability to fend-off competition and they are quality acquisition candidates.”

    “I caution everyone that until there is revenue, earnings and a product, the hype can be more dangerous than an opportunity.”


    — Robert Stimpson, chief investment officer at Oak Funds, when discussing AI and ChatGPT.

    All of those factors can be important to investors, considering how easily tech giants such as Microsoft Corp.
    MSFT,
    +1.00%

    or Google holding company Alphabet Inc.
    GOOGL,
    +2.89%

    GOOG,
    +2.88%

    can begin to compete with smaller innovative companies because they can afford to make such large investments, he said.

    Simpson went further, saying that when running screens for “quality” metrics, such as improving free cash flow yields, the Oak Associates team also looks for “shareholder friendly practices.” For example, a company may be repurchasing shares. But are the buybacks lowering the share count significantly (which boosts earnings per share) or are they merely mitigating the dilution caused by the shoveling of new shares to executives as part of their compensation?

    Finally, Simpson cautioned investors not to get caught up in tech-focused hype.

    “When I talk to our clients, I get questions about AI and ChatGPT and how to play it. People get focused on a new great tech innovation,” he said. “You can replace ChatGPT with bitcoin, metaverse or 3-D printing.”

    “I caution everyone that until there is revenue, earnings and a product, the hype can be more dangerous than an opportunity.”

    Two examples

    These companies are held by theRiver Oak Discovery Fund and the Black Oak Emerging Technologies Fund.

    Cirrus Logic Inc.
    CRUS,
    -2.37%

    is the largest holding of the River Oak Discovery Fund. Stimpson calls the company “a derivative play on the success of Apple.”

    “They are focused on the chips that go into mobile and [vehicles],” as well as the needs of their customers, including Apple, “rather than problem areas of the chip sector, such as memory or PCs. They are not talking about chips for AI, for example,” Stimpson said.

    Cirrus focuses on systems and related software used in audio systems..

    Kulicke & Soffa Industries Inc.
    KLIC,
    +1.92%

    makes equipment, tools and related software used by a variety of manufacturers of computer chips and integrated electronic devices.

    Stimpson likes the company as a long-term play on the worldwide disruption in semiconductor manufacturing and supply, in the wake of the Covid-19 pandemic. “All chip companies learned that any supply disruption in Southeast Asia is a problem. Over time, the opportunities for semiconductor equipment makers are very good. There will be more plants in more locations, so more equipment,” he said.

    He said KLICK was in a “protected” position, with returns on equity of about 20% and free cash flow yields of about 10%.

    Top holdings of the funds

    Here are the largest 10 holdings of the River Oak Discovery Fund as of March 31:

    Company

    Ticker

    % of portfolio

    Cirrus Logic Inc.

    CRUS,
    -2.37%
    4.9%

    Kulicke & Soffa Industries Inc.

    KLIC,
    +1.92%
    4.6%

    Advanced Energy Industries Inc.

    AEIS,
    +0.30%
    4.5%

    Cohu Inc.

    COHU,
    +1.45%
    3.7%

    Asbury Automotive Group Inc.

    ABG,
    -1.75%
    3.7%

    Korn Ferry

    KFY,
    -0.96%
    3.6%

    Kforce Inc.

    KFRC,
    -2.40%
    3.4%

    Ambarella Inc.

    AMBA,
    -0.50%
    3.3%

    Applied Industrial Technologies Inc.

    AIT,
    -1.71%
    3.3%

    Perficient Inc.

    PRFT,
    +0.72%
    3.2%

    Click on the tickers for more about each company.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    Here are the largest 10 holdings of the Black Oak Emerging Technology Fund as of March 31:

    Company

    Ticker

    % of portfolio

    Apple Inc.

    AAPL,
    -0.05%
    5.7%

    KLA Corp.

    KLAC,
    +1.69%
    4.6%

    Advanced Energy Industries Inc.

    AEIS,
    +0.30%
    4.5%

    Cohu Inc.

    COHU,
    +1.45%
    4.1%

    SolarEdge Technologies Inc.

    SEDG,
    -3.76%
    3.9%

    Cirrus Logic Inc.

    CRUS,
    -2.37%
    3.9%

    Cohu Inc.

    COHU,
    +1.45%
    3.9%

    Ambarella Inc.

    AMBA,
    -0.50%
    3.4%

    Applied Industrial Technologies Inc.

    AIT,
    -1.71%
    3.4%

    Salesforce Inc.

    CRM,
    +0.69%
    3.3%

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  • EU and US to pledge joint action over China

    EU and US to pledge joint action over China

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    BRUSSELS, May 13 (Reuters) – Washington and the EU will pledge joint action to tackle concerns focused on China about non-market practices and coordinate their export controls on semiconductors and other goods at a meeting this month, a draft statement showed.

    U.S. Secretary of State Antony Blinken, European Commission Vice-President Margrethe Vestager and other senior officials are due to meet for the fourth edition of the EU-U.S. Trade and Technology Council (TTC) in Lulea, Sweden, on May 30-31.

    The draft statement seen by Reuters said the two sides would address non-market practices and economic coercion, and aim to hold regular talks on efforts to stop their companies’ knowledge linked to outbound investment supporting technologies of strategic rivals – an oblique reference to China.

    They will also coordinate on their export controls on “sensitive items” – including goods that have a military use – and semiconductors, said the statement, which only mentions China twice and could still be changed before the meeting.

    Brussels says it considers China a partner in some fields, an economic competitor and a strategic rival. The European Union plans to recalibrate its China policy, recognising coordination with a more hawkish United States is essential.

    Highlighting the medical devices sector in China, the document said the transatlantic partners are “exploring possible actions” over the threat posed by non-market policies and practices.

    They also aim to cooperate on efforts to counter foreign manipulation of information, including “China’s amplification of Russian disinformation narratives about the war” in Ukraine.

    The two sides also said they were committed to working with the G7 to coordinate action to counteract acts of economic coercion, such as the trade restrictions the EU says China has imposed on EU member Lithuania.

    Reporting by Philip Blenkinsop
    Editing by Helen Popper

    Our Standards: The Thomson Reuters Trust Principles.

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  • How a 30-Year-Old Makes $20K a Month from Airbnb Side Hustle | Entrepreneur

    How a 30-Year-Old Makes $20K a Month from Airbnb Side Hustle | Entrepreneur

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    This story originally appeared on Business Insider.

    Julia Lemberskiy has always been captivated by home design.

    As a kid, “I would never watch any soap operas. I would just binge renovation shows,” the 30-year-old tech worker, whose career has consisted of founding start-ups and heading Uber Eats Russia, told Insider.

    Currently, she’s the head of growth at Double, a start-up that connects executives with part-time assistants. Outside of her day job, she still makes time for her original passion: “As much as other people are scrolling TikTok I’m spending hours a day on Zillow.”

    It gives her an edge as a real estate investor.

    “After binging so many renovation shows, I have a really good vision for what a property could look like,” said Lemberskiy, who grew up in Europe, moved to New York City in 2018, and currently owns three investment properties in the States. “I tour a place and I immediately see which wall I would knock down. That’s really helped because I’m not competing with buyers who don’t have that kind of vision.”

    Her overall investing strategy is to buy “undervalued properties” in “undervalued areas,” which she finds by looking at approved development projects in the community. If the town or city is investing millions of dollars into improving the area, that typically signals there’s upside potential.

    She also would prefer to spend her cash on a bunch of cheaper, fixer-uppers that she could add value to rather than putting all of her money into one or two nicer, more expensive properties.

    “It feels like the more we’re buying, the cheaper we’re going,” she said, referring to her and her husband, who currently rent in Midtown Manhattan. “Right now we’re looking at a bunch of properties in the $150,000 range.”

    The way she sees it, “you can’t really go wrong if you buy something for $150,000 and it’s a livable house. It’s probably not going to go down in value.” Whereas, “buying in the $1 million to $1.5 million range would make me very nervous, having that much money sitting in one property.”

    Plus, using her capital to acquire a handful of properties has allowed her to “play around in different areas and get a feel for different types of investments — multi-families versus single-family — to figure out with time what the long-term plan is going to be.”

    Lemberskiy owns six units across three properties and rents five of her units on Airbnb. Courtesy of Julia Lemberskiy

    Her strategy has evolved over time. When she first decided to buy property, she figured she’d own where she lived — in New York City — but a couple of Zillow searches “ruined my appetite for buying something in New York for quite a while,” she said.

    For starters, the purchase prices in New York City are astronomical. Manhattan, New York is the most expensive housing market in the US, and Brooklyn and Queens, two of the other five boroughs that make up New York City, both cracked the top 15 priciest markets.

    “When we looked here all we could afford was a little studio because even a decent studio is $400,000 to $500,000,” said Lemberskiy. “It’s crazy. But what’s even crazier is the maintenance fee. You’re lucky to find something under $2,000 a month.”

    It’s also a hyper-competitive market, she added: “You pretty much have to go over asking.” On the few properties she and her husband have made offers on in the city, “we got outbid every time.”

    Renting in NYC, buying in more affordable markets, and generating up to $20,000 a month in Airbnb revenue

    Ultimately, Lemberskiy couldn’t justify buying anything in New York City, she said: “Thinking about it as an investor, prices are already so high. How much higher can it get?”

    She and her husband decided to continue renting. It’s possible to find good deals in the priciest rental market in America, said Lemberskiy, who pays less than $2,000 a month for a studio in Midtown Manhattan: “There are sometimes really good deals if you spend the time. Some of it requires negotiation.”

    While buying property in New York City was off the table, buying property in general was not, especially once Lemberskiy decided to settle down in the States.

    “Once I got married and decided to stay in the US, I knew I wanted to invest in something,” she said. That was in 2020, right after the pandemic hit. The big question was where to buy. “Being new to the US, I had no idea even where to start.”

    julia Lemberskiy

    Lemberskiy and her husband closed on their first home during the early days of the pandemic. Courtesy of Julia Lemberskiy

    She decided to buy a home in an area where she could see herself living. In the early pandemic days, that was upstate New York.

    “I felt cooped up in Manhattan so every chance I got I would get on the Metro-North at Grand Central, exit a new station, and spend a day discovering,” she remembered. “I really got a feel for that entire upstate New York area.”

    She found a real estate agent and started touring properties.

    “This was early Covid when everyone was fleeing New York, working remotely, and the interest rates were super low, so it was extremely competitive,” said Lemberskiy. “Nothing was staying on the market for longer than a few days.”

    The home she and her husband eventually bought was a 3-bedroom on a lake in Walden, which is about 70 miles north of New York City. In the 2.5 days that it was on the market, “it had 54 showings and 14 offers, including many cash offers,” she said. “So our chances were very slim. We ended up removing every contingency out of the contract, going above asking, and we wrote a long, tear-jerking letter to the owners. To our surprise, we got the property.”

    They closed in March 2021 for $285,000 with the intention of using it as a weekend getaway home, but “this home was a complete disaster,” recalled Lemberskiy, who ended up living there almost full-time for six months doing renovations to make it “livable,” she said. “It was tough and expensive and after a while I was fed up with the house and didn’t want to be there anymore.”

    That’s what led to the idea of only staying in it occasionally and renting it out on Airbnb, which she’s been doing since 2022.

    She acquired two more investment-specific properties in 2021 and 2022: a $220,000 single-family home in West Palm Beach, Florida and a $185,000 multi-family property in Albany, New York.

    She selected those markets similarly to how she chose upstate New York, “from personal motivation,” she explained. “Even if the business side of things doesn’t work out, it’s something where I can see myself and my family.”

    Florida first came on her radar while rewatching “The Sopranos” with her husband, she said: “There was a scene where the uncle talks about going to Boca and we were like, ‘What is Boca?’ A few weeks later, I found a cheap flight, got an Airbnb, and fell in love with that whole area an hour outside of Miami.”

    She closed on the beach house in September 2021. It was already occupied with a tenant and remained a long-term rental until January 2023, when she first started listing it on Airbnb.

    As for Albany, that deal came about after she and her husband discovered the capital city on a road trip celebrating their anniversary.

    “We spent some time there and went to some lovely restaurants and bars,” she recalled. “I started looking at Zillow and was pleasantly surprised about the cost for such a nice city.”

    julia lemberskiy

    Lemberskiy and her husband got married in 2020. Courtesy of Julia Lemberskiy

    In April 2022, she closed on a four-unit property in Albany. Three of the units are residential, which she rents out on Airbnb, while one is commercial, which she’s turned into more of an operational space.

    Between the Walden lake home, the beach home in Florida, and the multi-family in Albany, Lemberskiy operates five Airbnb spaces that, in March 2023, brought in $19,828 in revenue, according to a screenshot of her Airbnb dashboard viewed by Insider. Each month in 2023 so far, her units have brought in over $10,000 in gross earnings.

    What started as a quest to buy a home in New York City has evolved into a lucrative short-term rental business that has created financial freedom for Lemberskiy and her husband.

    “I have a lot of peace of mind now,” she said. “Worst case: both me and my husband lose our jobs. We can go live at the lake house and have the other two properties cover all expenses. Having that level of financial independence makes me less eager to go through the whole setting up another short-term rental again.”

    After all, buying and renting real estate is not for the faint of heart.

    “There’s been a lot of tears,” she said. The Albany purchase was especially difficult when trying to secure a mortgage and “almost turned me off from real estate for good. You need to be very stress-resistant to do any of this, as well as very detail-oriented because there’s just so much paperwork.”

    That said, she’s still looking for other “undervalued areas” to expand her portfolio in. She’s looking into areas like Bridgeport, Connecticut, Schenectady, New York, and even abroad in Madeira, Portugal.

    Her top advice to rookie real estate investors is to buy in a place “where you want to be yourself. If you can see yourself there it’s likely that other people can as well.”

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    Kathleen Elkins

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  • Why the Real Estate Industry Must Start Embracing Technology | Entrepreneur

    Why the Real Estate Industry Must Start Embracing Technology | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    The real estate industry is one of the biggest industries in the country that employs hundreds of thousands of people. However, like many older industries, there is a lot of resistance in real estate to adopting and utilizing new technologies. This anti-technology attitude not only hurts the industry’s growth potential but also negatively affects property owners and renters, who are the real estate industry’s biggest clients.

    Modern technology can be applied to the real estate industry on literally every level. It directly benefits realtors, property managers, real estate developers and even investors.

    Here are six reasons that illustrate why the real estate industry needs to embrace and implement technology:

    Related: Real Estate Is Way Behind in Tech. Here’s Why and How to Fix It.

    1. Younger generations will one day dominate the industry

    Many people born in the ’90s will soon be purchasing their first home (if they haven’t already). Furthermore, many millennials and Gen Zers are now working in the real estate industry or are developing and investing in property.

    Millennials and their younger counterparts have been raised with technology that has rapidly advanced over the past few decades and shows no signs of slowing down anytime soon. As such, this generation naturally gravitates toward the latest technology.

    Make no mistake, millennials and Gen Zers who reach leadership and decision-making roles in the industry will be implementing technology wherever possible. The question is whether they will be the first to benefit from real estate technology or if that process can gain steam now.

    2. Residents want proptech

    Proptech (property technology) is quickly becoming a must-have for residential and commercial properties. Proptech improves the lives of not only residents but property managers and staff as well.

    Proptech takes the form of:

    • Smart home devices

    • Delivery management solutions

    • Keyless building entry systems

    • Visitor management systems

    • Motion sensor lights

    • Smart thermostats

    • Solar-powered building monitoring systems

    • Virtual and self-guided touring platforms

    In short, proptech allows residents to regain the autonomy that is often lost in shared living spaces vs. owning a private home. Proptech allows residents to live more conveniently and streamline their everyday processes.

    Every proptech upgrade made to a property leads to lower vacancy rates, higher rent and increased resident satisfaction.

    Related: How Proptech Is Disrupting the Real Estate Industry

    3. VR is the future

    While people have been saying “VR is the future” since the ’80s, it’s actually here now, thanks to popular VR brands like Oculus Rift and Meta Quest. There are also hundreds of affordable devices that link up to most smartphones and tablets.

    In the real estate industry, VR technology is a major convenience when buying and selling property. It allows prospective buyers and renters to place themselves directly into a building without having to schedule time for an in-person viewing.

    Furthermore, VR footage of vacant homes and units can be posted on sites like Zillow and Redfin. This ensures that only serious buyers and renters will actually schedule time for an in-person showing with realtors or property managers.

    4. Modern marketing depends on technology

    Good luck marketing real estate without some form of technology. For better or worse, many people in the real estate industry have used technology for the most basic thing you can do on the internet: to create a website. However, a plain website isn’t going to get much traction without an effective online marketing strategy.

    For buyers and sellers, listing sites such as Zillow and Redfin are valuable tools. But they’re not the only tools in the online marketing toolbox. Social media platforms that prospects visit daily, such as Reddit, Facebook, Twitter and Instagram, are prime grounds for promoting and marketing real estate.

    While popular apps such as TikTok might not be your thing in your personal life, they can absolutely help market to a wider audience, particularly millennials — who currently make up the majority of renters.

    Related: How Technology Can Enable Boom In Real Estate Sector This Year

    5. Real estate technology makes everything faster

    Real estate technology is as fast as the speed of light — or, rather, the speed of your internet connection. Blockchain technology, for example, both secures the total assets for a property and allows them to be transferred online to new buyers. This results in less paperwork and more transparency, such as prior purchase history.

    Customer relationship management (CRM) software such as Salesforce also allows real estate companies to organize vast quantities of data. Similar software is useful for investors when researching the history of a particular property as well as similar properties in order to make an informed investment. What formerly took weeks of research and data crunching can now take a matter of hours.

    Time is money, and that’s never been more true in an industry that goes through wildly different economic cycles.

    6. Technology has never been more user-friendly

    Most real estate technology doesn’t require you to have any more technological training than is necessary to operate a smartphone. These days, it’s self-explanatory to use, features online guides or includes free training courses. Furthermore, proptech hardware has never been easier to install, thanks to wireless technologies.

    While these are a few solid reasons why the real estate industry will benefit from being more open to technology, there are many more arguments to be made in favor of technological implementation. The fact is: New technology is a sign of progress and growth. Without it, we’re stuck in the past.

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    Cyrus Claffey

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  • How you relate to your dog gives hope to the fired engineer who claimed Google A.I. was sentient

    How you relate to your dog gives hope to the fired engineer who claimed Google A.I. was sentient

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    Artificial intelligence will kill us all or solve the world’s biggest problems—or something in between—depending on who you ask. But one thing seems clear: In the years ahead, A.I. will integrate with humanity in one way or another.

    Blake Lemoine has thoughts on how that might best play out. Formerly an A.I. ethicist at Google, the software engineer made headlines last summer by claiming the company’s chatbot generator LaMDA was sentient. Soon after, the tech giant fired him.

    In an interview with Lemoine published on Friday, Futurism asked him about his “best-case hope” for A.I. integration into human life. 

    Surprisingly, he brought our furry canine companions into the conversation, noting that our symbiotic relationship with dogs has evolved over the course of thousands of years.

    “We’re going to have to create a new space in our world for these new kinds of entities, and the metaphor that I think is the best fit is dogs,” he said. “People don’t think they own their dogs in the same sense that they own their car, though there is an ownership relationship, and people do talk about it in those terms. But when they use those terms, there’s also an understanding of the responsibilities that the owner has to the dog.”

    Figuring out some kind of comparable relationship between humans and A.I., he said, “is the best way forward for us, understanding that we are dealing with intelligent artifacts.”

    Many A.I. experts, of course, disagree with his take on the technology, including ones still working for his former employer. After suspending Lemoine last summer, Google accused him of “anthropomorphizing today’s conversational models, which are not sentient.” 

    “Our team—including ethicists and technologists—has reviewed Blake’s concerns per our A.I. Principles and have informed him that the evidence does not support his claims,” company spokesman Brian Gabriel said in a statement, though he acknowledged that “some in the broader A.I. community are considering the long-term possibility of sentient or general A.I.” 

    Gary Marcus, an emeritus professor of cognitive science at New York University, called Lemoine’s claims “nonsense on stilts” last summer and is skeptical about how advanced today’s A.I. tools really are. “We put together meanings from the order of words,” he told Fortune in November. “These systems don’t understand the relation between the orders of words and their underlying meanings.”

    But Lemoine isn’t backing down. He noted to Futurism that he had access to advanced systems within Google that the public hasn’t been exposed to yet.

     “The most sophisticated system I ever got to play with was heavily multimodal—not just incorporating images, but incorporating sounds, giving it access to the Google Books API, giving it access to essentially every API backend that Google had, and allowing it to just gain an understanding of all of it,” he said. “That’s the one that I was like, ‘You know this thing, this thing’s awake.’ And they haven’t let the public play with that one yet.”

    He suggested such systems could experience something like emotions. 

    “There’s a chance that—and I believe it is the case—that they have feelings and they can suffer and they can experience joy,” he told Futurism. “Humans should at least keep that in mind when interacting with them.”

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    Steve Mollman

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  • Tech companies report quarterly earnings

    Tech companies report quarterly earnings

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    Microsoft’s Bing search engine in pictured on a monitor in the Bing Experience Lounge during an event introducing a new AI-powered Microsoft Bing and Edge at Microsoft in Redmond, Washington, on February 7. (Jason Redmond/AFP/Getty Images)

    Microsoft and Google are locked in a renewed race to develop and deploy AI to supercharge their search and productivity tools. As they report earnings, investors will likely be looking for any early indications of how much those efforts are helping Microsoft and hurting Google.

    Shares of Google-parent Alphabet fell earlier this month after a report sparked concerns that its core search engine could lose market share to AI-powered rivals, including Microsoft’s Bing.

    Last month, Google employees learned that Samsung was weighing making Bing the default search engine on its devices instead of Google’s search engine, prompting a “panic” inside the company, according to a report from the New York Times, citing internal messages and documents. (CNN has not reviewed the material.)

    Google’s search engine has dominated the market for two decades, with Bing struggling to gain market share. But the viral success of ChatGPT, which can generate compelling written responses to user prompts, appeared to put Google on defense for the first time in years.

    Microsoft, meanwhile, has invested in and partnered with OpenAI, the company behind ChatGPT, to deploy similar technology in Bing and other productivity tools. 

    But both companies face risks as they invest in generative AI. Google was called out after a demo of Bard provided an inaccurate response to a question about a telescope. Shares of Google’s parent company Alphabet fell 7.7% that day, wiping $100 billion off its market value.

    Microsoft’s Bing AI demo was also called out for several errors, including an apparent failure to differentiate between the types of vacuums and even made up information about certain products.

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  • The Top 5 Challenges for Tech Leaders in 2023 | Entrepreneur

    The Top 5 Challenges for Tech Leaders in 2023 | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    The modern enterprise should be flexible enough that old ideas blend with new ideas. Nowhere is this truer than with the movement of data throughout the enterprise. Data must be organized and managed at the IT level so that users efficiently complete workflows. Conversely, cybersecurity is a top concern for today’s IT leaders as electronic information gets disseminated throughout the enterprise.

    As technology continues to play a significant part in driving business success, IT leaders must be prepared to answer complex questions that address their organization’s technological needs and challenges. Here are five tough questions that every IT leader must answer in 2023:

    Related: The Tech Landscape Has Changed and It’s Time Tech Leadership Change With It.

    1. With technology expanding into AI and the IoT, how will your organization address the cybersecurity threat landscape?

    The frequency and sophistication of cyber attacks will only get more complicated as workers increasingly depend on technology they don’t control. End users have a readout or other information product they inherently trust because of automation. IT leaders must be prepared to implement robust security measures that protect their organization’s data and systems.

    These security measures for 2023 must focus more on the people’s side of cybersecurity vulnerabilities and less on the technology that runs it. Robust security measures should include enhanced authentication, password and encryption standards. Policies should be drafted, and everyone in the organization should be held accountable for knowing and understanding the new cybersecurity measures. Cybersecurity must be part of the organizational culture.

    2. How will you manage and optimize your organization’s data?

    With the explosive growth of data sources and the growing demand for data-driven insights, IT leaders must develop strategies for managing and utilizing data effectively. Here are some essential guidelines every technology leader should consider:

    • Determine clear data governance policies and procedures: This includes defining data ownership, data privacy policies, data quality standards and data security measures.

    • Implement a data management system: A robust system can help organizations store, organize and retrieve data efficiently. It is essential to invest in modern data management tools that can handle large volumes of data and are scalable and secure.

    • Invest in data quality and integration: Poor data quality can lead to inaccurate insights and business decisions. Ensuring that the data is accurate, complete and consistent is essential. Data integration from different sources also ensures that the data is consistent and provides a holistic view of the organization.

    • Use advanced analytics and AI techniques: Advanced analytics and AI techniques such as machine learning and natural language processing can help organizations gain insights from their data. These techniques can help organizations identify patterns and trends in their data, automate processes and make more informed decisions.

    • Continuously monitor and evaluate data performance: Organizations must continually monitor and assess their data management systems’ performance to identify areas of improvement and potential issues. This can help organizations make data-driven decisions and optimize their data management processes.

    3. How will you implement emerging technologies like artificial intelligence, machine learning and blockchain?

    As emerging technologies continue to evolve and gain prominence, IT leaders must determine how they can be leveraged to drive business outcomes. This means IT leaders shouldn’t jump at the first best innovation but wait until the tech is field tested for the industry. Leaders should strategically map out what technology comes into the organization at a given time to lessen the organizational culture impacts like resistance to using new software automation.

    Organizations and businesses that need complex IT management across multiple units and end users should create a culture of cybersecurity and technology adopters. Much of the implementation happens behind the scenes as information systems and algorithms understand how to manage automation. Human users should, in full transparency, know what is happening with the technology behind their functions. The work culture should be set to accept new technology as more tasks humans want to do without getting automated.

    Related: 5 Tips for Integrating AI Into Your Business

    4. How will you address the ongoing challenge of IT talent acquisition and retention?

    With the demand for technology talent outstripping supply, IT leaders must develop strategies to attract and retain skilled professionals. One strategy is talent acquisition planning. If the IT department needs new people to implement new hardware, plan for things the organization needs to accomplish before implementation.

    The IT leader must think ahead, try to picture what the organization needs in 18 to 24 months and be continually vigilant about obstacles. Talent sets good organizations apart from great ones. So, is your IT leader doing everything necessary to “attract, nurture, grow, and retain the kind of talent necessary to succeed?” If not, the organization might need training specifically for the industry. New hires must be adept at working in a platform environment run in the cloud and powered by hyper WiFi connections.

    5. How will you balance innovation with cost containment?

    As organizations seek to innovate and remain competitive, IT leaders must balance the need for technological innovation with the need to manage costs and resources effectively. Leaders must be strategic about innovation investment. Some tech will be automatically updated in smart devices and the IoT. Today’s IT leaders must have their finger on the pulse of the industry.

    For example, some organizations are using the Great Resignation as motivation for planning future growth. With depleted talent, an organization’s IT leaders should partner with the HR department to hire talent that can grow with the organization. Balancing cost containment and innovation should result from strategic planning, not because shareholders demand profits. All stakeholders should be patient as the digital revolution plays out.

    In conclusion, IT leaders must be prepared to answer challenging questions that address their organization’s technological needs and challenges. By developing strategies to address cybersecurity threats, manage and optimize data, implement emerging technologies, attract and retain talent and balance innovation with cost containment, IT leaders can position their organizations for success in the ever-evolving digital landscape.

    Related: 7 Critical Business Concepts You MUST Master to Be an Effective IT Leader

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    Steve Taplin

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  • San Francisco Police Make Arrest In Killing Of Cash App Founder

    San Francisco Police Make Arrest In Killing Of Cash App Founder

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    An arrest has been made in connection with the killing of Cash App founder Bob Lee.

    San Francisco police apprehended a man Emeryville, California, early Thursday, Mission Local reported. Initial reports claim the suspect personally knew Lee.

    Lee’s ex-wife Krista Lee confirmed an arrest was made in an interview with KTVU Fox 2 early Thursday. “This is the first step toward justice,” she said.

    This is a developing story.

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  • How much longer will new vehicles come with AM/FM radios? – National | Globalnews.ca

    How much longer will new vehicles come with AM/FM radios? – National | Globalnews.ca

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    Ever since the Galvin brothers introduced the first car radio — the Motorola — back in 1930, we’ve enjoyed all sorts of audio while behind the wheel. For decades, the radio was our main source of entertainment and information while we travelled from point A to point B.

    Lately, though, the trusty car radio has been under siege. First up was Telsa, which refused to include AM radio in its vehicles because the electromagnetic fields generated by the car’s motors can make the reception of AM signals difficult if not impossible. Other EV manufacturers have followed suit with some (but not all) of their models. This includes Ford, which dropped AM from its 2023 electric F-150 Lightning even though it was standard equipment in the 2022 version. Odd.

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    Now, though, Ford is taking things even further. Its next Mustang — the internal combustion kind — will no longer have an AM radio as of the 2024 model year. In fact, AM will soon disappear from all Ford models.

    Mazda, Volvo, Polestar, Rivian, and Volkswagen all think that the time is right to dump AM radio. That won’t sit well with drivers who depend on AM stations that deliver news, traffic, and sports, especially play-by-play. AM is on its way to becoming the new shortwave. (It will not go quietly, though. The National Association of Broadcasters in the U.S. has launched a campaign defending AM.)

    This is part of a worldwide trend to modernize what auto manufacturers allow in their dashboards, something that goes beyond just AM radio. Way beyond.

    Read more:

    The car radio — a history of that thing in your dashboard (June 28, 2020)

    The majority of revenue for automobile dealers comes not from selling new vehicles. The real money comes with providing service and repairs.

    In contrast, EVs, in general, don’t require as much regular maintenance as gas-powered vehicles. EVs have fewer moving parts. They don’t need oil changes, spark plugs, air filters, fuel pumps, water pumps, and exhaust systems. They don’t have complicated multi-speed transmissions. There are fewer components to wear out and break down. Without this need for service, manufacturers and dealers are gradually and inevitably losing a revenue stream to which they’ve been accustomed for more than a hundred years.

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    Something needs to replace it. And that something is subscriptions.

    Read more:

    How electric vehicles could spell death for the oldest form of radio broadcasting

    Vehicles are turning into computers on wheels, run by millions of lines of code. And thanks to cellular technology, cars are increasingly becoming constantly connected to distant servers.

    Tesla owners have become accustomed to dealing with software updates that can update, enhance, or alter the various operations of the vehicle. You may have already heard about BMW’s move to charge a subscription fee for heated seats. Ford has a patent that will allow the company to shut down your AC if you miss a payment.

    So what does this have to do with AM/FM radio? Plenty, as it turns out.

    After ceding ground in infotainment systems to Apple CarPlay and Android Auto, manufacturers want to wrest back control and go back to the days of providing proprietary infotainment solutions, systems over which they will have complete control. Want a specific entertainment option for your commute? You won’t be going to the App Store. You’ll be contacting the maker of your vehicle who will then push a software update to your car. For an ongoing fee, of course.

    GM is all over this. Just as Apple is planning to offer even more integration with cars, GM announced that it will reject “phone projection” interfaces in favour of its own system based on Google technology and software that will be inextricably intertwined with vehicle systems, a partnership that began in 2019.

    Story continues below advertisement

    The company is moving ahead even though every consumer survey I’ve seen says CarPlay is far more popular than Google’s Android Auto. The first vehicle to deny any phone integration will apparently be the 2024 Blazer EV. CarPlay and the current Android Auto offerings will still have limited Bluetooth connectivity, which means users will be limited to streaming music from their phones to the car. No more bespoke displays when you plug in your device.

    More models will follow. In fact, the company thinks this could result in up to US$25 billion in revenue by 2030.


    Click to play video: 'Tech Talk: Electric car makers look to ditch AM radio and high tech gadgets for spring cleaning'


    Tech Talk: Electric car makers look to ditch AM radio and high tech gadgets for spring cleaning


    Proponents of this change point to satellite radio. Over the last quarter-century, drivers have shown that they will pay for this kind of radio. And let’s not forget that SiriusXM pays manufacturers for its place in dashboards. If that’s the case, it’s not that much of a leap for automakers to move to a situation where they charge a subscription for other radio tuner software — say Radioplayer Canada or TuneIn — that offers access to terrestrial radio. That could mean we’ll have to pay for AM and FM.

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    Yep. No more free audio entertainment from your car via the good ol’ AM or FM radio in the dashboard. The only antenna the vehicle will have is something that receives 5G (and beyond) signals for streaming data directly to the dashboard.

    This scenario is still a few years off. Some manufacturers, Stellantis and Hyundai among them, have stated that they’re going to keep AM radio in their vehicles for the foreseeable future. Others, like Volvo, are siding with Ford. If that weren’t enough, we’re also hearing more about European automakers who may not include any old-school radios at all.

    The car has been terrestrial radio’s most important environment for decades. This may change sooner than we may think. And it’s going to cost us.

    Alan Cross is a broadcaster with Q107 and 102.1 the Edge and a commentator for Global News.

    Subscribe to Alan’s Ongoing History of New Music Podcast now on Apple Podcast or Google Play

    &copy 2023 Global News, a division of Corus Entertainment Inc.

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    Alan Cross

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  • Ukraine’s tech entrepreneurs fight war on a different front

    Ukraine’s tech entrepreneurs fight war on a different front

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    PRAGUE, April 4 (Reuters) – Eugene Nayshtetik and his five co-workers shuttered their company developing medical and biotech startups to join the defense forces days after Russia invaded Ukraine. Within two months, their commanders agreed it would be more useful if they swapped their military gear for computers.

    With the government’s blessing, Nayshtetik and his team of engineers moved to neighboring Poland where they raised initial funding from a Polish company, Air Res Aviation, to develop a new drone for the Ukrainian military.

    Jerzy Nowak, president and co-owner of Air Res Aviation, said his company’s initial investment in the drone project amounted to around $200,000.

    The Defender drone, now ready for testing, is designed to withstand strong winds to enable surveillance in bad weather, can fly vertically and carry big payloads. It’s an example of how some startups in Ukraine’s dynamic tech sector are switching to pursue military projects.

    “We had our own portfolio of medical and biotechnology civilian projects before the war,” Nayshtetik told Reuters. “We never dreamt of killing people. We wanted to heal people but the situation changed.”

    Reuters spoke to more than a dozen entrepreneurs, as well as Ukrainian and Western officials who said the shift to military innovation in Ukraine’s once-thriving technology sector has bolstered the country’s out-manned and out-gunned armed forces.

    Military experts and Ukrainian officials told Reuters that innovations developed by these startups are making a difference on the battlefield, ranging from software applications that can target enemy positions more quickly to civilian drones adapted for military use, and systems that integrate data to give commanders more detailed battlefield views.

    “The Ukrainians are outmatched by every numerical scale: in terms of numbers of forces; in terms of numbers when it comes to equipment. And yet they’re holding their own,” said a senior NATO official, who spoke on condition of anonymity. “One of the reasons they’re holding their own is that they have, in a very innovative way, integrated technology into warfighting.”

    Before Russia’s invasion, Ukraine represented one of the fastest growing tech hubs in central and eastern Europe. The enterprise value of startups soared more than 9-fold between 2017 and 2022 to reach 23 billion euros, according to data from Dealroom.com.

    Ukraine offered a host of advantages for emerging technology businesses, including a tradition of producing graduates strong in math and computer science. A low cost base also allowed entrepreneurs to do more with less.

    The country boasted 285,000 software developers in 2021 with an additional 25,000 graduating from tech universities annually, according to software development outsourcing company Softjourn.

    But with most emerging companies in Ukraine focused on the domestic market, many startups suffered a collapse in demand following the war – which has killed tens of thousands of people, reduced cities to rubble and wreaked havoc on infrastructure.

    Pavlo Kartashov, director of the Ukrainian Startup Fund (USF), a government-backed organization that seeds technology startups, told Reuters his group resumed funding in October. It hopes to finance around five to 10 emerging companies a month with grants of up to $35,000.

    Most will focus on military technology, he said.

    The fund also aims to unveil in April a new platform to connect emerging companies more closely with the military to identify the needs on the battlefield and to speed the transformation of ideas into tools that can be used in the conflict.

    “If you have something innovative and efficient it will definitely be used by the army,” he told Reuters. “We need new technology to fight the enemy and can try different approaches in real time.”

    PLOUGHSHARES INTO SWORDS

    Since the war, Western venture capital firms often have required strict term sheets that include having at least one founder and other key parts of the business located outside Ukraine. So the government has become the sole source within the country of early stage funding – the lifeblood of the technology sector – more than half a dozen founders and venture capitalists said.

    Demand from the government has driven the shift to military technology, but most of the entrepreneurs who spoke to Reuters said that patriotic duty also played a role.

    Take Kiev-based efarm.pro, a startup founded in 2016 whose GPS technology attached to tractors helps farmers more precisely monitor how fertilizer has penetrated the ground. Many of its customers are located in parts of Ukraine that became too dangerous to farm after the Russian invasion so the company adapted its product to detect mines.

    The self-driving technology is only aimed at farmers for now but could also work for military vehicles, the company’s founder Alexander Prykhodchenko told Reuters.

    “Clients were calling us in the first days of the war saying they don’t know how they can work in the field,” Prykhodchenko said. “The war started on February 24 and on February 26 we started work on the new project.”

    Currently, only three of the tractors are in use as the autonomous technology remains in the testing and development phase, Prykhodchenko said.

    Ukraine’s Minister of Digital Transformation Mykhailo Fedorov said the intensity of the fighting has meant that some concepts can flow from the drawing board to the battlefield in months, if not days.

    While acknowledging the critical role of weapons supplied by Western nations in helping to fight the Russians, he added that the ability to utilize the know-how of tech-savvy Ukrainians at home and abroad has proved invaluable.

    “One of the few areas where Ukraine has managed to stay consistently ahead of Russia is in the use of innovative military technologies,” he wrote in a February article for the Atlantic Council.

    Russia says its own weapons industry is increasing production and introducing new technology fast to meet the demands of military operations in Ukraine.

    Gregory Allen, a senior fellow at the Center for Strategic & International Studies in Washington DC, highlighted the so-called “Uber for Artillery” application developed by a network of Ukrainian programmers before the Russian invasion that networks together infantry, reconnaissance and artillery units to spot and land an artillery strike more quickly.

    He also said that a pair of anonymous Ukrainian software developers had rapidly created a program in mid-2022 that used machine learning to analyze video feeds from drones to detect more effectively military vehicles camouflaged in forests. Reuters was not able to confirm independently the details of the software.

    “I used to work in the Defense Department, and I have almost never seen high quality military machine learning systems go from an idea in someone’s head to a real system being used in war in a matter of weeks,” Allen told Reuters. “The value of the Ukrainian software systems is impressive but the speed is astonishing.”

    The Pentagon’s chief weapons buyer Bill LaPlante has described Ukraine’s use of technology in the war as a “wake up call.”

    “We are seeing true innovation on the battlefield: new combinations of technologies and concepts being developed and implemented, and the cycle from idea to prototype to a warfighter’s hands collapsed to months, if not weeks,” LaPlante told a U.S. Congressional committee last month.

    ISRAELI MODEL

    While Ukraine’s government and tech founders are focused on war-time innovation to aid the military now, they say these emerging start ups can also underpin Ukraine’s post-war economy — pointing to Israel as an example of how military technology laid the foundation for a booming technology sector.

    Government support and experience working on military projects transformed Israel into a global tech hub and propelled the nation into a leader in cybersecurity and autonomous driving vehicles — a path Ukraine officials and tech leaders like Valery Krasovsky hope to emulate for a country with a pre-war population nearly five times that of Israel.

    “There are much more ideas in military technology,” said Krasovsky, the founder and chief executive of Swedish-Ukrainian Sigma Software Group.

    For now, the scarcity of seed funding in Ukraine has forced some companies to flee to places like to neighboring Poland. Groups like the Polish-Ukrainian Start Up Bridge – a Polish-government backed venture – offer emerging Ukrainian tech companies small grants to fund basic business needs and a co-working space in Warsaw.

    “Startups have had the past year to teach themselves how to survive and adapt to the new reality,” Mykhailo Khaletskyi, an advisor for the Startup Bridge and Ukrainian government, told Reuters.

    Additional Reporting by Andrew Gray and Sabine Siebold in Brussels, Elizabeth Piper in London and Mike Stone in Washington, Editing by Daniel Flynn

    Our Standards: The Thomson Reuters Trust Principles.

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  • Analysis: China’s intensifying nuclear-armed submarine patrols add complexity for U.S., allies

    Analysis: China’s intensifying nuclear-armed submarine patrols add complexity for U.S., allies

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    HONG KONG, April 4 (Reuters) – China is for the first time keeping at least one nuclear-armed ballistic missile submarine constantly at sea, according to a Pentagon report – adding pressure on the United States and its allies as they try to counter Beijing’s growing military.

    The assessment of China’s military said China’s fleet of six Jin-class ballistic missile submarines were operating “near-continuous” patrols from Hainan Island into the South China Sea. Equipped with a new, longer-range ballistic missile, they can hit the continental United States, analysts say.

    The note in the 174-page report drew little attention when it was released in late November, but shows crucial improvements in Chinese capabilities, according to four regional military attaches familiar with naval operations and five other security analysts.

    Even as the AUKUS deal will see Australia field its first nuclear-powered submarines over the next two decades, the constant Chinese ballistic missile patrols at sea pile strain on the resources of the United States and its allies as they intensify Cold War-style deployments.

    “We’re going to want to have our SSNs trying to tail them… so the extra demands on our assets are clear,” said Christopher Twomey, a security scholar at the U.S. Naval Postgraduate School in California, speaking in a private capacity. SSN is a U.S. designation for a nuclear-powered attack sub. “But the point here is that the information – the near continuous patrols – has changed so rapidly that we don’t know what else has changed.”

    The new patrols imply improvements in many areas, including logistics, command and control, and weapons. They also show how China starting to operate its ballistic missile submarines in much the same way the United States, Russia, Britain and France have for decades, military attaches, former submariners and security analysts say.

    Their “deterrence patrols” allow them to threaten a nuclear counterattack even if land-based missiles and systems are destroyed. Under classic nuclear doctrine, that deters an adversary from launching an initial strike.

    The Chinese subs are now being equipped with a third-generation missile, the JL-3, General Anthony Cotton, the commander of the U.S. Strategic Command, told a congressional hearing in March.

    With an estimated range of more than 10,000 kilometres (6,214 miles) and carrying multiple warheads, the JL-3 allows China to reach the continental United States from Chinese coastal waters for the first time, the Pentagon report notes.

    Previous reports had said the JL-3 was not expected to be deployed until China launched its next-generation Type-096 submarines in coming years.

    The Chinese defence ministry did not respond to a request for comment on the Pentagon report and its submarine deployments. The Pentagon did not comment on its earlier assessments or whether the Chinese deployments posed an operational challenge.

    The U.S. Navy keeps about two dozen nuclear-powered attack subs based across the Pacific, including in Guam and Hawaii, according to the Pacific Fleet. Under AUKUS, U.S. and British nuclear-powered subs will be deployed out of Western Australia from 2027.

    Such submarines are the core weapons for hunting ballistic missile subs, backed by surface ships and P-8 Poseidon surveillance aircraft. The U.S. also has seabed sensors in key sea lanes to help detect submarines.

    Timothy Wright, a defence analyst at London’s International Institute for Strategic Studies, said U.S. forces could probably cope with the situation now, but would have to commit more assets in the next 10 to 15 years once the stealthier Type-096 patrols begin.

    China’s rapid expansion of its nuclear forces mean U.S. strategists must contend with two “nuclear peer adversaries” for the first time, along with Russia, he added.

    “That will be of concern to the United States because it will stretch U.S. defences, hold more targets at risk, and they will need addressing with additional conventional and nuclear capabilities,” he said.

    COMMAND AUTHORITY

    China’s navy has for years been thought to have the capability for deterrence patrols, but issues with command, control and communications have slowed their deployment, the military attaches and analysts say. Communications are crucial and complex for ballistic missile subs, which must remain hidden as part of their mission.

    The Jin-class subs, expected to be replaced by the Type-096 over the next decade, are relatively noisy and easy to track, the military attaches said.

    “Something concerning command authority must have also changed, but we just don’t have very good opportunities to talk to the Chinese about this kind of stuff,” Twomey said.

    The Chinese military has emphasised that the Central Military Commission, headed by President Xi Jinping, is the only nuclear command authority.

    Hans Kristensen, director of the nuclear information project at the Federation of American Scientists, said he believed command and communications issues remained a “work in progress”.

    “While China probably has made progress on establishing secure and operationally meaningful command and control between the Central Military Commission and the SSBNs, it seems unlikely that the capability is complete or necessarily fully battle hardened,” he said, using the designation letters for a nuclear-powered ballistic missile submarine.

    Two researchers at a Chinese navy training institute in Nanjing warned in a 2019 underwater-warfare journal of poor command organisation and co-ordination among submarine forces. The paper also urged improvements in submarine-launched nuclear strike capability.

    The navy must “strengthen ballistic missile nuclear submarines on patrol at sea, so as to ensure that they have the means and capabilities to carry out secondary nuclear counterattack operations when necessary,” the researchers wrote.

    SOUTH CHINA SEA ‘BASTION’

    With the advent of the JL-3 missile, Kristensen and other analysts expect Chinese strategists to keep their ballistic missile subs in the deep waters of the South China Sea – which China has fortified with a string of bases – rather than risk patrols in the Western Pacific.

    Collin Koh, a security fellow at Singapore’s S. Rajaratnam School of International Studies, said China could keep its ballistic missile submarines in a “bastion” of protected waters near its shores.

    “If I was the planner, I would want to keep my strategic deterrence assets as close to me as possible, and the South China Sea is perfect for that,” Koh said.

    Russia is thought to keep most of its 11 ballistic missile submarines largely in bastions off its Arctic coasts, while U.S., French and British boats roam more widely, three analysts said.

    Kristensen said the more numerous Chinese submarine deployments have meant the PLA and U.S. militaries increasingly “rub up” against each other – increasing the odds of accidental conflict.

    “The Americans of course are trying to poke into that bastion and see what they can do, and what they need to do, so that is where the tension can build and incidents happen,” he said.

    Reporting By Greg Torode in Hong Kong and Eduardo Baptista in Beijing; Additional reporting by Idrees Ali in Washington; Editing by Gerry Doyle.

    Our Standards: The Thomson Reuters Trust Principles.

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  • Why Low-Code Tools Will Never Replace Software Developers | Entrepreneur

    Why Low-Code Tools Will Never Replace Software Developers | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Low-code tools are evolving as companies build applications to meet their needs. Its flexibility and scalability have become a go-to solution for companies and businesses. Companies can now create custom applications with ease and meet customers’ demands. But it’s logical to imagine that low-code tools will replace developers.

    However, low-code tools will never replace developers, especially those working with C++, Python and Java languages. Though low-code tools could replace handwritten codes, companies and businesses need developers to optimize the software and its applications.

    Even if low-code is for all developers, it’s handy for high-code developers as it eases building applications faster. Ideally, low-code is a powerful software development tool designed to make a developer’s life easier. Since most companies are in the early stages of transformation, there is so much that developers need to work on, and they are not getting replaced anytime soon.

    In this article, we’ll discuss what exactly low-code tools are and why they’ll likely never replace developers.

    Related: Are Low-code And No-code Platforms the Next Big Thing In the IT Sector?

    What are low-code tools?

    Low-code tools are software applications assisting tech and businesses in elevating coding from textual to visual. It operates in a model-driven and drag-and-drop interface. Low-code tools build value-driven enterprise applications, making them suitable for all development skill levels.

    Although there is a rapid change in the digital era with businesses digitalizing their operations, companies in the early stages of machine learning and artificial intelligence are set to benefit from low-code tools. Plus, there are no specific code tools for various industries — meaning it’s getting more complicated to design new programs without hiring a developer.

    Why low-code tools will never replace developers

    1. High-level of flexibility:

    With a team of developers, you can easily add in-depth functionality to a solution and maintain it without worrying about outages. Sharing responsibilities and allowing professionals to connect and share their ideas is the best way for a business to grow.

    Besides, it becomes easier to implement the requested functionality with a dedicated team of developers. Low-code platforms cannot provide this flexibility, especially when creating complex software solutions.

    2. Collaboration:

    The emergence of low-code tools doesn’t mean everything built by then will get destroyed; its emergence is due to increased demand on the market. Generally, low-code tools came to make old coding methods fast, efficient and exciting to both developers and businesses.

    These tools push developers towards collaboration. They are forced to improve their communication skills, interact directly with clients, sharpen their skills and channel their skills to meet business needs. It brings together businesses, engineers and developers. It invites all developers to teamwork and closes the gap between departments.

    3. In-demand low-code skills:

    Businesses always have issues to solve. This means that developers with low-code skills will remain in demand. Companies always have improvements they can make. Companies will not only need developers who can use low-code tools, but they may also need written code in areas where low-code does not solve complex issues.

    According to IDC, the global population annual growth rate of low-code developers is expected to be 40.4% in 2021-2025. This is an increase of 3.2 times the general developer population growth rate.

    4. Avoid repetitive tasks:

    On average, developers spend lots of time dealing with technical debt. But the low-code platform handles loads of work, making it easy to introduce the debt. For instance, developers must refactor the code every time an operating system update is needed. Low-code platforms can handle such types of tasks. Also, it means developers will focus on inventing new code rather than repeating the same code multiple times.

    Related: Why Low-Code Platforms Are the Developer Shortage Solution People Aren’t Talking About

    The odds favor the developers because they did not come to the industry to fix and maintain the old but to build new things. They will have enough time to focus on more complex software solutions and applications, eventually improving companies.

    With business competition increasing, there is an urgent need to develop new software solutions fast. But developing complex software is time-consuming. Writing code takes hundreds of hours and even more time to customize and improve efficiency. And since low-code platforms need minimal handwritten code, developing an app on low-code platforms will take a few days.

    Developers will now spend less time creating new codes and focus on developing responsive software that meets customer needs. This means businesses will now have sufficient time to predict customers’ needs and develop new software based on that data.

    According to Gartner research, no-code applications will improve innovation and ensure the adoption of composable enterprise. This software application allows real-time adaptability and resilience in unsettled times.

    Also, no-code or low-code tools help developers to recompose packed and modular components, thus improving business capabilities and creating an adaptive custom application.

    With the ongoing advancement in the tech sector, there is still a software developer shortage. Low-code software and applications can support developers by helping them create applications and features fast. So, low-code tools will never replace developers. Developers must embrace low-code tools and see their career prospects thrive. They should explore low-code tools, build apps, learn how to use the tools and become more productive.

    Related: Software Development Jobs Are a Bright Spot in Uncertain Economic Times. Here’s What Business Leaders Need to Know.

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    Steve Taplin

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  • Apple CEO praises China’s innovation, long history of cooperation on Beijing visit

    Apple CEO praises China’s innovation, long history of cooperation on Beijing visit

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    SHANGHAI, March 25 (Reuters) – Apple (AAPL.O) CEO Tim Cook on Saturday used his first public remarks on his visit to China to praise the country for its rapid innovation and its long ties with the U.S. iPhone maker, according to local media reports.

    Apple (AAPL.O) CEO Tim Cook on Saturday used his first public remarks in China in recent years to praise the country for its rapid innovation and its long ties with the U.S. iPhone maker, according to local media reports.

    Cook is in Beijing to attend the China Development Forum, a government-organised event being held again in full force after the country ended its COVID controls late last year.

    Besides Cook, the event is being attended by senior government officials as well as CEOs of firms such as Pfizer and BHP.

    “Innovation is developing rapidly in China and I believe it will further accelerate,” Cook was quoted by The Paper news outlet as saying.

    His visit comes at a time of rising tensions between Beijing and Washington and as Apple has been looking to reduce its supply chain reliance on China and moving production to new up and coming centres such as India.

    Last year, production at the world’s largest iPhone factory run by Apple supplier Foxconn was heavily disrupted after China’s zero-COVID policies fuelled worker unrest.

    Cook also visited an Apple Store in Beijing on Friday, pictures of which went viral on Chinese social media.

    During his speech, Cook also discussed education and the need for young people to learn programming critical thinking skills, announcing that Apple plans to increase spending on its rural education programme to 100 million yuan, the local media reports said.

    Reporting by Brenda Goh

    Our Standards: The Thomson Reuters Trust Principles.

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  • What We Lose If We Actually Ban TikTok

    What We Lose If We Actually Ban TikTok

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    Life without TikTok—or, at least, life in the United States without easy access to the video-sharing platform that more than a third of us are now hooked on—what would it be like? 

    This month, what began as a perhaps dismissable holdover bit of Trump-era bluster has turned into a matter of top political priority: The Biden administration is now reportedly dead serious about threatening ByteDance, TikTok’s company, with a ban on the app in the US (and is getting close to shoring up the power from Congress to do so). It’s the end result of years of stalled negotiations between TikTok and the government amidst a growing national anxiety—ranging from concern to full-out conspiracies—about the wildly popular Chinese-based social platform that’s all but transformed the internet and American culture itself. 

    On Tuesday, TikTok chief executive Shou Zi Chew made a personal appeal on the platform to its 150 million users in the US, in an implicit reminder of the stakes at hand: Without access to TikTok (or in the case of TikTok’s proposal known as Project Texas, which would wall off American user data into its own American-fed algorithm), what would it look like—both for Americans and the rest of the world—to be so cut off from the rest of the feed? 

    Chew made his first appearance before Congress on Thursday amid the heightened scrutiny. For a little internationally informed speculation surrounding the sure-to-be spectacle, I reached out to Marcus Bösch, the German researcher and consultant who has been studying the platform and documenting global trends and top stories via his Substack newsletter, “Understanding TikTok,” since July 2020. Zooming in from his home in Cologne, Bösch, who’s writing his doctoral dissertation on TikTok, explains how he’d first become intrigued by the platform following a decade-long career in journalism, all the way back to the app’s Musica.ly days, when early influencers like Lisa and Lena first became so ubiquitous in Germany that “you couldn’t buy shampoo at the supermarket without their faces on it!” Together, we try to imagine a world—well, an America—potentially bereft of TikTok’s raw engine of influence.

    The below interview has been edited and condensed for clarity. 

    Vanity Fair: Can I just ask, first, how much time you spend on TikTok? 

    Marcus Bösch: It definitely depends. When the Russian invasion of Ukraine started, I spent, like, six hours a day minimum, for three weeks straight. Not six hours in a row, but two in the morning, two in the afternoon, two in the evening. Probably more. These days, because I have a day job, I try to reduce usage. It’s like one or two hours in the evening instead of Netflix, but throughout the day, I get so much TikTok content on Twitter. 

    What’s surprised you most about paying that kind of close attention to TikTok over the past years?

    The whole notion of TikTok users totally changed. It was younger and, let’s say, nerdier. Now, it has become pretty mainstream. I love watching traditional media or politicians struggling with the app and trying to catch up, but failing—and this term that has been coined around that: “meta cringe.” As in, are they doing it on purpose so you keep on thinking about them? 

    The notion of “high-density” as a concept popped up somewhere, and I was like, oh my God, that’s such a good take on why TikTok is different.

    Wait, tell me about that.

    Josh Constine, a former TechCrunch editor and now VC investor,, wrote a post about content density two years ago, where he argued why TikTok beats Insta Stories because Instagram Stories are pretty linear. You have 78 slides, and it’s super boring. Meanwhile, TikTok condenses everything with transitions and layering—it keeps you engaged. 

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    Delia Cai

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  • How mHealth Can Put an Extra Spin on Your Healthcare Product | Entrepreneur

    How mHealth Can Put an Extra Spin on Your Healthcare Product | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    The world has become more comfortable with the opportunity to have a personal therapist or a dietician in our pocket. Now, digital forms of communication with other doctors are increasing in popularity, and they’re considered a more convenient means of contact. Patients really like these solutions. In the J.D.Powers study of telehealth satisfaction, 94% of patients who received medical services through a telehealth provider said they would use it to receive medical services in the future.

    As part of telehealth, mHealth can improve the healthcare system by increasing access to care, improving communication and saving money for patients and providers. You can also integrate mHealth solutions with existing electronic health records (EHR) to provide a more comprehensive view of a patient’s health.

    Add value to your healthcare product by providing your clients with a way to improve the quality of care in various fields. There are programs for chronic conditions, remote monitoring, patient data, electronic records, and e-prescriptions, along with fitness and wellness applications.

    Related: Why M-health Apps are the New Revolution India is Bidding For

    How can mHealth be integrated with EHR/EMR, patient portals and telehealth solutions?

    EHRs are patients’ digital medical histories used by healthcare providers. mHealth can supplement EHRs by providing real-time data to make treatment decisions. For example, if the mHealth app monitors a patient’s blood sugar levels, a clinic can use this information to adjust the patient’s insulin regimen. Tracking health metrics, such as steps taken or weight loss, will also give doctors meaningful information without too much hassle for the treated person.

    Patient portals allow patients to access their EHRs, schedule appointments and communicate with their providers. In this case, mHealth can improve patient engagement by providing reminders and notifications about upcoming meetings or test results.

    Additionally, mobile devices can support telehealth services such as remote monitoring and consultations. mHealth can provide real-time patient condition data to a faraway provider, which is irreplaceable in emergencies. Suppose a patient has a heart attack, and a mHealth device monitors their heart rate. The provider will be notified immediately and can dispatch the urgent care on time.

    What does it take to develop an innovative mHealth solution?

    The solid idea comes first. A must-have for it is a profound understanding of healthcare professionals’ and patients’ insights. It is also crucial to have a robust technology platform to support the new feature.

    Your top concerns should be:

    1. The privacy and security implications: Mobile devices are often less secure than traditional computers, so taking precautions to protect sensitive information is essential.

    2. User needs: Think through the pains you are addressing, and come up with a clear vision of how your mHealth solution will help.

    3. Technical capabilities: Find out what technical capabilities you will require.

    4. Regulatory environment assessment: If your idea taps the areas outside your primary product domain, you must consult about regulatory requirements for the new field.

    5. Business model: The revenue will vary depending on the business model. Device sales are the most lucrative, whereas “premium content” is at the bottom.

    6. Implementation strategy: Decide how your mHealth solution will be deployed and adopted by users.

    Related: 10 Health Tech Trends Entrepreneurs Should Keep in Mind for the Next Decade

    How do mHealth add-ons bring value to your healthcare clients?

    mHealth add-ons can help improve outcomes and reduce costs in healthcare. By providing real-time data and feedback, they let healthcare professionals make more informed decisions about patient care while helping patients take a more active role in their health and wellness.

    Apps can also help reduce the number of readmissions to the hospital. One study found that heart attack survivors who used a mobile app to track their symptoms and medication use had a 52% lower risk of re-hospitalization within 30 days than those who did not. It also helped patients stay on top of their medications and appointments.

    Telecom solutions can help providers communicate by providing secure messaging platforms, appointment scheduling tools and patient portals.

    Then comes preventing and managing chronic diseases. mHealth is very successful in promoting patients’ adherence to treatment. The apps can impact symptom management positively, cutting the need for hospitalizations and active physician interferences.

    And last but not least, mHealth solutions can help healthcare organizations save money. The savings came from a reduction in the number of office visits, laboratory tests and radiology studies.

    What are the easiest ways to enhance your product with a mHealth solution?

    1. Incorporating mHealth into your product’s design to be compatible with smartphones and tablets.

    2. Integrate your product with a wearable device like a fitness tracker or smartwatch. Collect data on the user’s activity, patterns, etc., and use it to develop new treatments and regimens.

    3. Encourage patients to engage in their health more. You could add a goal-setting feature in the app to help patients take medication regularly, rest more or journal their symptoms.

    4. Post-hospital care can reduce readmissions. A discharge planning tool would help patients and their caregivers arrange homecare services, follow-up appointments and more.

    Related: 3 Tech Trends Reshaping the Healthcare Industry

    Suppose you want to make a mHealth app. Next steps?

    Unless you have an extensive IT department with lots of free hands, it is better not to DIY. Partner with experienced developers who understand the needs of healthcare professionals and patients and have a robust technology platform.

    Ensure your mHealth product is user-friendly and beneficial for all stakeholders, and it will indeed become a beneficial asset in your portfolio.

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    Andrei Kasyanau

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  • Google was beloved as an employer for years. Then it laid off thousands by email

    Google was beloved as an employer for years. Then it laid off thousands by email

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    Another employee’s manager was on vacation, so they had no one to reach out to when rumors of layoffs started to swirl.

    A third was waking up to demands from their toddler when their phone started to buzz with text messages asking, “Are you safe?”

    To many, Google’s approach to layoffs, while not unique, seemed out of step with its renowned employee-centric culture. Google has for years been the prototype of a company that put its employees’ well-being top of mind, a fact almost as central to its public image as its core search engine. It lavished employees with large compensation packages and perks, from in-office climbing walls and free gourmet meals to at-work massages and childcare. The company engaged its staff in a common mission and encouraged them to freely share even critical thoughts at work. Known for its longtime mantra of “don’t be evil,” Google effectively operated with another, possibly synonymous ethos: “don’t be corporate.”

    But for some former employees affected by the layoffs, the cuts were just the latest example of a culture shift they say has been underway at Google for years. A culture that prized openness and feted employees has increasingly been tested and eroded by internal scandals, walkouts, mounting public scrutiny, business demands and the reality that despite the best efforts of prior leaders, or more likely because of those efforts, Google has in fact become one very large corporation.

    In interviews with CNN, more than half a dozen current and former Google employees, including several affected by the recent layoffs, described a company whose culture has been changing in big and subtle ways for years, including scaled back perks, reduced access to senior leadership and a focus on short-term business wins rather than long-term vision.

    “At the end of the day, and probably at the beginning of the day, there is an abiding devotion to revenue and seemingly endless growth,” another employee affected by the January mass layoff told CNN. “And that comes without any thought to employees’ welfare in the end.”

    Margaret O’Mara, a tech historian and professor at the University of Washington who has written about the evolution of Silicon Valley, said Google’s layoffs by email “reflect this problem that … Google has become such a big and, some would say, bureaucratic company.” That growth makes it “particularly” hard for Google “to maintain [its image] that ‘we’re a kinder, gentler capitalism, we’re Google-y, we’re people-centric.’”

    Asked for comment on this story, Google pointed CNN to its blog post on the January layoffs. The company described the layoffs as a “difficult decision to set us up for the future” amid a difficult economic environment, and apologized that it would be “saying goodbye to some incredibly talented people we worked hard to hire and have loved working with.”
    The changes at Google are emblematic of a larger evolution in tech as Silicon Valley matures and the founders who desired to do things differently have either been pressured to appease Wall Street or are replaced by executives from more corporate backgrounds. Several other, major tech companies have laid off thousands of workers in recent months, many from their more experimental, innovative divisions, as the industry confronts the reality that it may not be able to continue growing at breakneck speed forever. Tech companies may also be seeking to regain some leverage over employees after years in which — through worker activism, a tight labor market and a negative shift in the public perception of tech giants — workers maintained significant power.

    “I think tech is maybe no longer immune,” one former employee said, adding that the layoffs marked “sort of the first move, or maybe the final move, of Google and a lot of the other tech companies becoming a little more normal.”

    “A lot of us workers at the bottom are just confused about where tech is headed,” the former employee said.

    ‘Not a conventional company’

    When Claire Stapleton joined Google in 2007, it was a relatively new public company and had just landed for the first time at the top of Fortune’s list of the top 100 companies to work for. During her early years there, she worked in marketing and became known as the “The Bard of Google” for the internal emails she sent celebrating the company’s culture.

    “For me, it wasn’t the tube slides and climbing walls and the fact that they reimbursed your Wi-Fi, it really was for me, about the people and I cared about the mission and the sense that it was very creative and freewheeling,” Stapleton told CNN in an interview.

    Claire Stapleton, an organizer of the 2018 Google walkout over sexual harassment and misconduct, said the company's culture had changed from the year that she started, when it was named the best US employer.
    Google founders Larry Page and Sergey Brin wrote in their first shareholder letter in 2004 that “Google is not a conventional company. We do not intend to become one.” Among the company’s core tenets laid out in that letter was that “our employees, who have named themselves Googlers, are everything,” and told shareholders to “expect us to add [employee] benefits rather than pare them down over time.”

    The company emphasized the message that its employees were part of a larger mission to make the world a better, smarter place. Google has been known for allowing workers to spend 20% of their time on side projects that occasionally became real products. Longtime former employees recall when Page and Brin still hosted weekly all-hands meetings, known internally as “TGIFs.” Other former employees discussed a practice still in place to screen potential new employees for “Google-yness,” a personality fit with the company’s culture of collaboration and openness, during job interviews.

    Google’s example set the stage for a wave of new-age companies that sought to emulate its example with open floorplans, in-office ping pong tables and luxe offsite events. But many point to 2015 as a turning point.

    In March of that year, Ruth Porat, previously the chief financial officer of Morgan Stanley and one of the most powerful women on Wall Street, became Google’s CFO. Months later, Page and Brin announced that Sundar Pichai would take over as Google’s CEO, and that the company would be restructured to separate Google and the company’s other ambitious projects into subsidiaries of Alphabet. It was also around this time that Google removed “don’t be evil” from its code of conduct, replacing it with “do the right thing.”

    “You hire bankers and CFO positions from Wall Street and then they tend to want to please Wall Street, and you move away a little bit from what maybe the founders had intended,” one former employee affected by the layoffs said. But, he added, the founders remained heavily invested in the company “so they sign off on this.”

    The transition from Google to Alphabet set the stage for huge growth in the company’s share price, but it also changed the nature of what it meant to work for the tech giant, said Cameron Rout, a product manager who was among those laid off in January. Suddenly, many of the most ambitious projects were spun off into other business units.

    “The problem was, suddenly, you didn’t work for a company that was sending stuff to space or building autonomous cars,” Rout said. Google was always, at its core, an advertising business, but he said, “there was an identity associated with Google where people know that you could be on the team making self-driving cars.”

    Google’s culture and reputation were further challenged with a series of events in 2017 and 2018 when employees staged mass walkouts to protest what they said was a workplace culture that had turned a blind eye to sexual harassment and discrimination. Employees at the time also raised concerns about Google’s business dealings with the military, work in China and accusations that the company retaliated against workers who criticized it.

    In the wake of the walkouts, Google made some positive changes, including ending forced arbitration for sexual harassment and abuse claims from employees. But it also further clamped down on the internal transparency and openness that had been its hallmark, according to Stapleton, who helped organize the walkouts and left Google in 2019 after the company allegedly retaliated against her. (Google said at the time that an internal investigation found no evidence of retaliation.)

    Stapleton, who now writes the Tech Support newsletter aimed at workers in the industry, said that “one of the major turning points” was when Google rolled back broad access to documents in its Google intranet and to other workers’ public calendar events, making many of them need-to-know only following the protests.
    As mass layoffs spread, tech workers are flocking to this app

    “That’s a great example of the tension in the culture … everybody had open calendars forever,” she said, “that you could see anybody’s calendar was almost a flex of the culture, like, we’re so trusting and open. And then, all of a sudden, they wanted to just dramatically roll that back to protect the power.”

    More recently, former employees say, Google has pulled back on material perks like in-office massages and travel and offsite meeting budgets. “I think a lot of us were hoping that it would be enough to keep our jobs because they were cutting all these expenses,” one laid off worker said.

    But the bigger effect has been from shifts to a culture that once welcomed employee feedback and criticism.

    One former employee, whose job was to work across various teams advocating for user well-being and balance in users’ relationship with technology, grew frustrated after repeatedly getting shut down and “cut out of conversations” and projects while trying to also push for employee wellness practices. The former employee eventually took a mental health leave for burnout.

    “One of the things that I was really addressing in my leave, in terms of burnout, was this sense of trying to reconcile the difference between the talk about belonging,” the former employee told CNN, “and realizing that even with all the talk of inclusivity, I couldn’t actually show up as my whole, authentic self to work.”

    The employee was still on mental health leave when they were notified they’d been laid off in January.

    Anxiety and anger after layoffs

    Google, like fellow tech companies that recently announced layoffs, positioned the cuts as an economic necessity.

    Alphabet grew its workforce by more than 50,000 employees over the past two years as booming demand for its services during the pandemic boosted profits. But in more recent quarters, the company’s core digital ad business had slowed as recession fears caused advertisers to pull back their spending.

    “The company is dealing with some real challenges, whether you have the legal and regulatory backdrop … and we have a macroeconomic backdrop that is at best uncertain,” said Scott Kessler, global tech sector lead at research firm Third Bridge. Alphabet in February posted a sharp decline in profits for the final three months of 2022, and earnings are expected to again fall year-over-year in the current quarter.
    How Big Tech's pandemic bubble burst

    Despite some frustrations with how the layoffs were carried out, Google didn’t entirely abandon its commitment to employees in the process, Rout noted. Affected US employees received at least 16-weeks salary in severance, in addition to other benefits, among the most generous packages provided to recently laid off employees by tech giants.

    Still, the layoffs have created insecurities and frustration among employees that remain at the company, according to current and former employees.

    Hundreds of Google employees in Switzerland staged a walkout last week to protest layoffs, partly out of frustration with the lack of transparency. Meanwhile, in the United States, hundreds of additional workers have joined the grassroots Alphabet Workers Union since the layoffs were announced, according to Hayden Lawrence, a current Google engineer and member of AWU. Workers remaining at the company are “angry,” Lawrence said, and “scared” that more cuts could be on the way, with little guarantee that strong performance or a long tenure will protect them.

    “There’s kind of a myth in tech that a lot of folks believe, that with a good work ethic and your own strong performance, you’ll be able to remain employed,” Lawrence told CNN. “But I think we’ve seen that you can’t just rely on individually doing your best, we need to collectively work together and organize.”

    Google workers around the world over the weekend circulated a petition calling for better handling of the company’s layoffs, including requests to prioritize filling new positions with recently laid off employees and respecting scheduled parental and other family leave. “Nowhere have workers’ voices been adequately considered, and we know that as workers we are stronger together than alone,” reads the open letter to Pichai, which by Monday had been signed by more than 1,400 employees.

    The heightened feeling of insecurity doesn’t just affect individual employees; it also risks chipping away whatever remains of Google’s original internal culture. “The damage to the intangibles is so significant,” Rout said. “It’s painfully obvious from the inside that there’s no way that whatever stock gain you’re going to gain [is worth] the damage to the culture when Google’s culture is its most important resource and everyone knows that.”

    Former employees noted that the concept of “psychological safety” — which former Google HR head Laszlo Block has said was key to the company’s culture by promoting collaboration and open sharing of information — is compromised when employees start to worry if they’re next.

    Members of the Alphabet Workers Union rallied outside Google's New York office in January following the layoffs. Hundreds of new employees have joined the union since the layoffs, an organizing member told CNN.
    “Google’s sort of saying that they don’t care about that anymore in the same way by the way that they’ve executed the layoffs and the way that they’re talking about cutting perks and that sort of thing,” Stapleton said. Even reports that Google has asked some employees to share desks amid office downsizing seems to reflect that shift, she said. “It’s like you’re not even like a full person at the company anymore. It was just so different before.”

    Stapleton added that while Google will almost certainly remain a desirable place to work, as one of the world’s preeminent tech companies, the draw for employees may now be more about material perks like salary than the creativity and camaraderie that once defined the company’s culture. In other words, it will be perceived like a more conventional company.

    About a month before the January layoffs, one former employee said Google painted “You Belong” on one of the walls in their working area. It was part of a larger internal campaign to build morale among employees.

    “I remember the first time I saw that there, I was like, ‘that’s really cute,’ I loved the sticker so much I put it on my own laptop,” the employee said. But after the layoffs, the message felt like “a dark joke.”

    “It’s like, you belong here, but also 12,000 of you are now not allowed to even be on the campus [anymore],” the employee said. “There was some disconnection there, some communication loss about the company and the direction we were going.”

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  • Laid-Off Googlers Fight for Approved Parental Leave Pay | Entrepreneur

    Laid-Off Googlers Fight for Approved Parental Leave Pay | Entrepreneur

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    Having a child is hard — but getting laid off after having a baby (or when about to have one) could make it feel worse.

    And some Google employees are learning this now: Google has reportedly told laid-off staffers who were previously approved for leaves (ranging from parental to medical to caregiver) that they will only receive the standard severance package, according to CNBC, which spoke with people affected. The standard package is 16 weeks, plus two weeks for every year worked and the 60-day notification period.

    “We respectfully request a good faith effort to honor the terms of our original parental and/or disability leave arrangements for all leaves that were approved as of January 20, 2023,” a group of former employees wrote in a letter to executives.

    Related: Google Will Lay Off 12,000 Workers Due to ‘Difficult Economic Cycles’

    Stories of workers in the technology industry who were laid off when about to go on parental leave or even while giving birth have proliferated, per the New York Times.

    Google laid off about 12,000 workers in January.

    One woman, Katherine Wong, was eight months pregnant when she was laid off from Google in January, she said.

    “It is almost impossible for me to look for a job as a 34-week pregnant and right about to go on maternity leave for months,” she wrote in a LinkedIn post. As CNBC noted, another woman who said she was at Google for over nine years read her layoff notification just after giving birth.

    Over 100 employees have created a group called “Laid off on Leave,” per CNBC, to advocate for getting the pay they say they were promised.

    So far, the letters to top executives have not received replies.

    Related: More Than 1,600 Tech Workers Are Being Laid Off A Day On Average In 2023, According to a New Report

    The group also attacked CEO Sundar Pichai for caring more about AI innovations — namely, chatGPT, which has helped drive competitor Microsoft’s Bing to new highs of 100 million daily active users — and the threat of Google losing dominance in search than employees.

    “When Google CEO Sundar Pichai announced layoffs, he mentioned the company’s commitment to AI three times, but never once mentioned Google’s commitment to accessibility,” the group wrote.

    In Google’s January layoff memo, Pichai wrote: “I am confident about … our early investments in AI” and that the company is “prepared to approach it boldly.”

    Google declined to answer CNBC’s questions about paying for leave periods for laid-off employees.

    The group also mentioned in its communications with executives that Amazon, which has also laid off thousands, is paying employees their leave periods, plus severance.

    Related: Amazon to Layoff 18,000 Employees, Largest Cut in Company History: ‘We’ll Be Inventive, Resourceful, and Scrappy’

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    Gabrielle Bienasz

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  • Ready to Integrate AI Systems Into Your Workplace Performance? Here’s What You Should Know. | Entrepreneur

    Ready to Integrate AI Systems Into Your Workplace Performance? Here’s What You Should Know. | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Being comfortable with change is a core competency in today’s work environment. Market disruption isn’t slowing down nor is the application of new skills and systems in our daily work lives. “This changes everything” is a stretch, even with AI, but a renewed focus on joy, satisfaction and personal expertise continues to be the greatest investment employers can make.

    How might artificial intelligence systems integrate in our daily work lives? Maybe the most natural adaptation is into systems we already use to achieve consistent business outcomes and electronic performance support.

    Related: 5 Tips for Integrating AI Into Your Business

    Electronic performance support systems

    EPSS is hardly a new invention, nor one that needs to (or should) rely on generative artificial intelligence systems to work. In the early 1990s, industry expert Gloria Gery detailed in great length the potential cost savings organizations could receive from providing a smart electronic coach employees can use while working. EPSS can also not only coach employees on the next best steps, but preemptively provide access to data and troubleshooting steps before mistakes are made. Imagine how helpful the following might be in doing your own job:

    Support systems, regardless of medium, take a great deal of design and care during implementation to be of value. The core premise of legacy EPSS is that the contained information, automation and coaching are not only truthful but also the organization’s preferred practice. EPSS implementations help ensure preferred outcomes and also model what all successful employees should do to be successful.

    In today’s digitally enabled workplaces, organizations use a wide variety of systems to provide the function of a dedicated EPSS. Examples include knowledge bases, wikis, chat and tutorials, as well as automation systems bolted onto enterprise software. Today’s knowledge worker also relies on online searching to access vendor training, checklists, videos or social media for influencer tips and tricks. OpenAI’s ChatGPT, Microsoft’s new Bing, Google’s Bard and hosts of other new systems are joining the toolbox of today’s workforce.

    An effective blend of external information sources and internal, proprietary best practices has no doubt been the source of many successful projects. So, how does generative artificial intelligence change this picture?

    Related: How to Leverage on Artificial Intelligence to Transform the Way Entrepreneurs Do Business

    Artificial Intelligence as performance support

    Training your generative AI is extraordinarily important when using it for performance support. It’s very likely your organization’s prior implementations of performance support were highly curated and crafted and contain proprietary data, policies and procedures. Only carefully developed systems generate consistent organizational outcomes.

    Generative AI, trained only on proprietary corporate data sources, could likely compose support materials and even identify the development of support materials experts might overlook. But when using open-source training data, the results may be closer to really good-looking, well-written BS.

    Many experts have argued EPSS alone is a substitute for formal training. This is an important debate when applying generative AI systems. Following well-formed instructions is a lot easier than judging newly presented instructions for their applicability in a situation. Experts, with experience performing a task, are suited to evaluate new information, while first-time performers may not be.

    Here are a few questions to consider about your own AI implementations:

    • What is the source of the AI’s training data? Open-source or proprietary?

    • Is my organization okay with using proprietary data in and on an open-source AI system? Will the open-source system learn my organization’s secrets?

    • Does the system provide trusted, verifiable results, or merely a creatively generated output?

    • Does the variance of generated results have the potential to impact the consistency of organizational outcomes or behaviors?

    Related: 5 Ways to Make AI Work for Your Organization

    Human experts and expert systems working together

    What do the employees in your organization want to be experts in? What tasks do your employees want automated?

    Between human expertise and automation is a potentially crowded intersection of generative AI, talent and emotion. Early experiences with generative AI systems have exposed the bizarre potential for an AI system to interact with highly emotional language and concerning suggestions. Even with an AI system tailored not to respond with emotional language, human self-image will be impacted if an organization becomes reliant on systems for idea generation or decision-making.

    Joy, happiness and self-worth of employees should not be sacrificed just because a system can help make decisions at scale. Business leaders have several introspective questions to ask about how they want to work and manage teams:

    • Does job satisfaction erode for employees using AI systems?

    • When does client satisfaction erode for customers and employees interacting with and through AI systems?

    • What competitive advantages become commoditized by AI systems as other industry players start using AI systems?

    • Who do I want to make specific business decisions? Systems or people?

    Crucial questions are surfacing. Call centers, for example, have started to deploy AI support systems that take customer calls, collect early information, triage urgency and severity and whisper in the ear of the live agent (if you ever get that far). The systems have a reportedly negative impact on the emotions of agents, overwhelming their sense of agency and ability to interact with other human beings.

    Human beings need joy in their lives. The systems we can implement today should start with joy in mind — the joy of success, accomplishment and feeling needed and desired — and should not exclude our interactions with digital systems. Today’s business leaders have the opportunity to design work experiences that leverage the best of technology to amplify the human experience. What questions will you ask of today’s technology breakthroughs?

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    Christopher Allen

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  • Despite How the Media Portrays It, AI Is Not Really Intelligent. Here’s Why. | Entrepreneur

    Despite How the Media Portrays It, AI Is Not Really Intelligent. Here’s Why. | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Artificial Intelligence, or AI, has become a buzzword in recent years, and for good reason. From self-driving cars to virtual assistants, AI is changing the way we live, work and interact with technology. However, despite its many applications and impressive feats, it is important to recognize that AI is not truly intelligent. Rather, it is well-trained to perform specific tasks within a predetermined set of parameters.

    If you’ve ever wondered why the media portrays AI as some sort of thinking being, capable of making decisions and solving complex problems, you’re not alone. In this blog, we will explore three reasons why AI is not really intelligent but rather well-trained, and why it’s important to have a realistic understanding of its capabilities.

    Related: What Is Artificial Intelligence (AI)? Here Are Its Benefits, Uses and More

    AI is programmed by humans

    At its core, AI is a set of algorithms and instructions that are designed to perform specific tasks. These algorithms and instructions are created by humans, who decide what inputs and outputs the AI system will have, how it will process data and what decisions it will make based on that data.

    This means that AI is not capable of independent thought or reasoning. Rather, it is simply following the rules that have been programmed into it. For example, an AI system that is designed to identify objects in images might be able to accurately identify a cat in a picture, but it does not understand what a cat is or why it is significant. It is simply following the rules that have been programmed into it by its human creators.

    Despite this, the media often portrays AI as something akin to human intelligence, capable of learning, adapting and making decisions on its own. This is not the case. AI is simply a tool that has been programmed by humans, and it cannot operate outside of the parameters that have been set for it.

    AI lacks common sense

    Another reason why AI is not truly intelligent is that it lacks common sense. Common sense is the ability to understand the nuances of human behavior, interpret social situations and make decisions based on that understanding. For example, if you see someone walking towards you on the street with their hand outstretched, you can infer that they want to shake your hand.

    AI, on the other hand, is not capable of this type of inference. It can perform complex calculations and make predictions based on data, but it cannot understand the nuances of human behavior or interpret social situations. For example, an AI system that is designed to detect emotions in facial expressions might be able to correctly identify that someone is smiling, but it cannot understand why they are smiling or the context surrounding the situation.

    If you think of AI as something that is capable of understanding human emotions and making decisions based on that understanding, this is simply not the case. AI lacks the ability to understand the complexities of human behavior and social situations, which means that it cannot operate on the same level as a human being.

    Related: AI Wrote Half of This Article. Here’s Why Entrepreneurs Should Take Note

    AI is limited by its training data

    Finally, another reason why AI is not truly intelligent is that it is limited by the data that it has been trained on. AI systems rely on large amounts of data to learn how to perform specific tasks, and the quality of that data can greatly affect the system’s performance.

    An AI system that has been trained on a dataset that only includes pictures of white cats might not be able to accurately identify a black cat. This is because the system has not been exposed to enough examples of black cats to learn how to identify them. Similarly, an AI system that has been trained on biased data might make biased decisions, perpetuating societal inequalities.

    Because of how the media often portrays AI, we often think of it as something that is unbiased and objective. However, AI is only as unbiased as the data that it has been trained on, which means that it can actually perpetuate biases and inequalities more efficiently if those biases exist in the training data.

    It is important to recognize that AI is not truly intelligent but rather well-trained to perform specific tasks within a predetermined set of parameters. AI lacks the ability to think independently, understand the nuances of human behavior and make decisions based on common sense. By having a realistic understanding of AI’s capabilities, we can better use it as a tool to improve our lives and society.

    Related: These Entrepreneurs Are Taking on Bias in Artificial Intelligence

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    Roy Dekel

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