Author: Steve Smith

I am Senior Editor of Business d'Or and lead reports on workplace, career and talent. Prior to joining Business d'Or, I spent more than 5 years writing articles on workplace issues, corporate leadership, leadership and governance for The Washington Post. I graduated from the University of Georgia, majoring in history and journalism.

HSBC said on Wednesday that Georges Elhedery will become the new group CEO starting September 2nd. Currently serving as chief financial officer, Elhedery will take over from Noel Quinn, who is stepping down in September. In late April, HSBC surprised everyone by announcing Quinn’s departure after his nearly five-year tenure as CEO. Elhedery was appointed CEO less than two years after becoming chief financial officer in January 2023. According to a company statement, he will remain as group CFO during the transition period. “I am very proud to be entrusted with leading this esteemed institution forward. Alongside our skilled team,…

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Jeff Bezos is selling some of his Amazon shares after the stock reached its highest value ever this week. The Amazon founder informed the Securities and Exchange Commission on Tuesday that he plans to sell 25 million Amazon shares worth nearly $5 billion. Bezos filed the notice after Amazon stock prices hit $200.43. Last week, Amazon’s total market value reached $2 trillion for the first time. The company’s stock had increased by 32% from the beginning of the year through Tuesday. Jeff Bezos’ Recent Amazon Share Sales and Current Holdings After this sale, Bezos will still own over 900 million…

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Earning a bachelor’s degree can be a good investment, but it is often expensive. The yearly cost for tuition and required fees at 4-year colleges and universities in the U.S. has more than tripled in the past 60 years. It went from an average of $5,369 per year in 1963 (adjusted for inflation) to $17,709 in 2023, according to the National Center for Education Statistics. Tuition isn’t the only expense. Students also need books, supplies like computers, and money for food and housing. In four years, the total cost can be $500,000 or more, like at Columbia University, according to…

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Many of us spend most of our time awake at work, so it’s not surprising that our jobs can greatly affect our mental health and well-being. Work can cause stress, sadness, and anger, but some people also find fulfillment, purpose, and happiness in their jobs. Gallup’s 2024 State of the Global Workplace report says that 34% of people worldwide feel they are “thriving,” while 58% feel they are “struggling.” About 8% of people surveyed admit they are “suffering” at work. According to the study, people who are thriving have “much fewer health problems and less worry, stress, sadness, loneliness, depression,…

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AI

Intel, a big chip company from the U.S., said on Tuesday that they’re releasing new chips for computers that use artificial intelligence in big data centers. They’re doing this to compete with other companies like Nvidia and AMD, who also showed off their new chips recently. The CEO of Intel, Pat Gelsinger, said during a tech conference in Taiwan called Computex that their new Xeon 6 processor will work faster and use less power than the older version. This will be especially good for tasks that need a lot of power in big data centers. This news comes just after…

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AI

If you tuned in for Google I/O, OpenAI’s Spring Update, or Microsoft Build this month, you probably heard the term AI agents come up quite a lot recently. They’re quickly becoming the next big thing in tech, but what exactly are they? And why is everyone suddenly talking about them? Google CEO Sundar Pichai described an AI system that could return a pair of shoes on your behalf while onstage at Google I/O. At Microsoft, the company announced Copilot AI systems that could act like virtual employees. Meanwhile, OpenAI unveiled an AI system, GPT-4 Omni, that can see, hear, and…

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AI

Elon Musk’s AI startup, xAI, has raised $6 billion in a new funding round, it said today, in one of the largest deals in the red-hot nascent space, as he shores up capital to aggressively compete with rivals including OpenAI, Microsoft, and Google. Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Prince Alwaleed Bin Talal and Kingdom Holding are among the backers who have invested in xAI’s Series B funding, the startup wrote in a blog post. Musk confirmed that the investment round was valued at $18 billion pre-money. Musk is one of the earliest and most high-profile entrepreneurs in…

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AI

Less than two weeks have passed since Google introduced “AI Overviews” in Google Search, and public criticism has escalated due to queries yielding nonsensical or inaccurate results within the AI feature, with no option to opt out. AI Overviews provide a brief summary of answers to search queries at the top of Google Search. For instance, if someone searches for the best way to clean leather boots, the results page might feature an “AI Overview” at the top, presenting a multi-step cleaning process compiled from information gathered from various sources on the web. However, users on social media have posted…

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AI

Amazon is upgrading its voice assistant, Alexa, with AI-powered features and plans to charge for the enhanced service. According to CNBC, which cited anonymous insiders familiar with the retailer’s plans, Amazon is enhancing Alexa with generative AI and is determining a monthly subscription fee to offset the costs associated with this technology upgrade. However, Amazon has not yet determined the fee, the publication noted, adding that Alexa will not be included in the annual Prime subscription. According to unnamed sources familiar with the internal discussions, the tech giant plans to launch the more conversational version of Alexa later this year.…

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AI

AI is beginning to take over roles traditionally held by voice agents. Now, businesses are investigating methods to substitute current computer-generated voice models with synthetic human-like voices. Truecaller, a popular caller ID service, is embracing this trend by enabling customers to utilize its AI-driven Assistant to respond to phone calls using their personal voice. The new experience is made possible through a collaboration with Microsoft, granting the Swedish company access to the Redmond giant’s Personal Voice technology. This technology was unveiled in November as a component of Azure AI Speech. Utilizing Microsoft’s Personal Voice technology, Truecaller’s Assistant, accessible to premium…

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