Sundar Pichai, CEO of Google’s parent company Alphabet, announced on January 20 that around 12,000 employees would be laid off. This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Google this week began companywide internal testing of Bard, its AI chatbot for search. In a memo, CEO Sundar Pichai has asked all employees to spend 2-4 hours helping test the product. Google is in a race with Microsoft to lead the next era of AI-based search. Alphabet CEO Sundar Pichai sent an internal memo to Googlers on Wednesday asking them to contribute 2-4 hours of their time to helping improve Bard , the company’s AI chatbot that it intends to integrate into search. The email, which was reviewed by Insider, signals how Google’s urgency in moving to win the next generation of AI-based search. The company has found itself on its back foot as Microsoft took the spotlight for its investment in OpenAI. OpenAI created the popular ChatGPT, a chatbot released in late 2022 which can respond to broad, open-ended questions with human-like answers. Last week, Microsoft unveiled a revamped version of its Bing search engine with ChatGPT , and CEO Satya Nadella […]

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Anyone who owns a business, runs a blog, or has a side hustle has heard of the wonders of Canva . Instead of creating documents and designs from scratch, business owners pick from the thousands of templates Canva offers to advertise, invoice, and promote in whatever way they need. The free graphic design site is extremely easy to use and ideal for amateurs who want professional-looking logos, business cards, and presentations. It’s the ultimate tool for brands looking to curate a cohesive social media presence with as little effort as possible. If you’re a small business owner, freelancer, or entrepreneur of any kind, Canva is simply a really great resource for creating high-quality materials at no cost. Before we get into what templates you should be snagging to make your life easier, here’s a brief introduction to Canva and how it can help. What is Canva? Canva is a treasure trove of highly customizable design templates, most of which are free. Its extensive library of templates includes everything from graphs and gift certificates to posters and project plans. Creating a Canva account takes only a minute, and then you’re off to craft graphics of all sorts with total ease. […]

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Tax Practice Development In the most recent Rosenberg Survey, a yearly study of the CPA industry, we see how major seismic factors involving firms’ limited access to capital and the ongoing shift to advisory services may remake the US accounting industry in 2023 The accounting industry is facing macro-sized challenges going forward, including a lack of capitalization that could leave many accounting firms reeling or looking for merger partners, even as the industry as a whole continues to push toward a dramatic shift in its service model, from compliance-based piecemeal work to a more holistic advisory-based partnership with clients, according to a recent industry survey. The latest iteration of the Rosenberg Survey , an annual study of the CPA industry in the U.S. that’s published by consulting firm The Growth Partnership , took a look at the changing complexion of accounting firm ownership — driven by a need for capital that has raised interest among private equity firms — and the profession’s long-anticipated move toward more advisory work. (The latest survey, released in late-September 2022, relies mostly on data from the year previous.) We spoke to Allan D. Koltin, CEO of Koltin Consulting, who contributed his insight to the […]

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AD Loading advertisement… 00:00 / 06:59 This article is in your queue. OpenAI’s ChatGPT has nabbed the attention of corporate boardrooms for its humanlike ability to generate business reports, marketing pitches and code for software applications, among other things. Yet some business-technology professionals are uneasy about integrating it into the enterprise stack, citing concerns over its use of online data and security risks. But above all, they’re worried about ChatGPT’s grip on reality. “It explained to me in very convincing detail why cow eggs are larger than chicken eggs, and why the moon is bigger than the sun,” said Christine Livingston, a managing director in the emerging technology group at Protiviti, a management consulting company. ChatGPT is a tremendous step forward for generative AI, she said, referring to algorithmic software designed to tap giant stores of data and create unique output based on user prompts. But at the moment, ChatGPT “should be used with caution in an enterprise business setting,” she said. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. SUBSCRIBE Besides its problems with accuracy, ChatGPT requires a number of other improvements before it […]

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Leadership The former Domino’s CEO, who returned as executive chairman of Burger King owner Restaurant Brands International in November, said he is “all in” with his new position. Patrick Doyle said he missed the restaurant business. He’ll oversee plenty of action as executive chairman of Firehouse Subs owner Restaurant Brands International. / Photograph: Shutterstock. Apparently, the restaurant business is not so easy to walk away from. Just ask Patrick Doyle. “I missed it,” he said in an interview on Wednesday, explaining why he came out of retirement in November to take over as executive chairman of Restaurant Brands International, the owner of Burger King, Popeyes, Tim Hortons and Firehouse Subs. “It’s so much fun working with these brands, with the franchisees, and figuring out how you make these businesses work,” he said. Doyle triggered speculation about his next step almost from the moment he announced his planned retirement . His departure announcement in January 2018—he left six months later—coincided with a job opening at Chipotle that would ultimately go to Brian Niccol. The speculation was intense enough that he had to address it, saying he’d planned to take a break and spend time with his daughters . “Every other […]

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[author: Cherelle Johannes] Like navigating a ship through a stormy sea, managing business risk involves charting a set course, choosing the right people, and planning carefully – but it also involves reacting nimbly to avoid dangerous conditions or obstacles. And whether risks are stumbled upon, like a data breach, or seen from afar, like a regulatory change, organizations must be able to quickly identify and manage risks to be successful in the long term. Integrated risk management (IRM) is a more comprehensive approach to managing risk. Like a map guiding a ship, a solid IRM strategy should provide a holistic view of the risk landscape and coordinate the management of those risks across the organization, including financial, operational, strategic, and reputational risks. IRM technology must adapt to requirements across industries, countries and areas of particular risk to meet the diverse needs of customers across different industries. For example, the complexity of managing the risk of cyberattacks on a multinational medical research entity would require a different management approach to a small to medium-sized enterprise (SME) upscaling data protection on a tight budget. Priorities in IRM technologies These diverse priorities, and the growing complexity of regulatory updates around managing data, […]

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Photo by: Anthony Garcia Akron Lights Candle Co. AKRON, Ohio — An Akron small business owner is running her company and raising her daughter, as a stay at home mom, insider her Akron home. Being a parent is a lot of trial and error, seeing what works for you and your family. For Kimberly Ochsenbein’s family, what works best is staying at home with their 3-year-old daughter Gracie. Ochsenbein knew she wanted to stay at home with Grace when she was born. “I was just trying to figure out what I could do to stay home with my daughter,” she said. She said she has always been resourceful and crafty but it was only when she realized she could make a business out of something she loved: candles. 3 years ago, she started researching how to make her own candles. “All day, every day, all night. It was nonstop,” she said. “I’m trying to figure out how to get the waxes, oils, wicks like learning different kinds of wicks, all of it. "I brought the idea to my husband and I’m like ‘I really want to try to do this,’” she said. She began experimenting, trial and error in […]

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BALI, Indonesia, Feb. 16, 2023 /PRNewswire/ — With the digital economy becoming a new driving force for global economic development, a broad international consensus has been building for a globalized landscape of cooperation in the digital arena. China has been actively participating in international cooperation in the digital economy, and has put forward a vision for building an empowering, inclusive, open, fair and non-discriminatory digital economy at the 2022 G20 Summit, with the goal of creating a digital economy that benefits all. In this context, in order to better facilitate exchanges and cooperation in the global digital arena, H3C will hold its annual flagship conference for the international ICT industry — H3C NAVIGATE 2023 International Business Summit in Bali, Indonesia from February 23 to 26, 2023. Themed "Together, For a Digital Future", the event will bring together industry experts and business leaders from around the world to discuss how to build a green and sustainable digital future. The summit features a rich agenda consisting of the keynote, technical forum, partner forum and panel discussions. During the summit, H3C will release the latest strategies and innovative technologies of its international business, as well as elaborate on how H3C can help […]

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Uber ( NYSE:UBER ) recently announced its Q4 earnings . While this ride-hailing, and food and package delivery service provider delivered stellar Q4 earnings that surpassed the Street’s projection , what stood out was the strong growth in its newly announced advertising business despite the challenging macroeconomic environment. During the Q4 conference call, its CEO, Dara Khosrowshahi , said that its ad business surpassed $500 million in annual run rate, reflecting an 80% jump in active advertisers. Last year, following in the footsteps of its rival Lyft ( NASDAQ:LYFT ), Uber unveiled its advertising division. During the Q4 call, the company highlighted that currently, 25% of the merchants on the delivery side of its business are active in buying ads. This penetration level indicates that there is substantial growth potential ahead in the advertising business. Uber targets $1 billion in ad revenues by 2024 and remains confident of achieving it through its Delivery and Mobility business. While Uber’s ad business is growing rapidly, a Wall Street Journal report highlighted that Lyft is also witnessing stellar growth in its ad business. Given the low penetration and expected increase in demand, the ad business could become a significant growth driver for […]

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Labcorp has its sights set on spinning off its CRO segment by midyear, and, now, the independently traded company’s name has been revealed as Fortrea . The spinoff, first announced last July, will operate as an independent, publicly traded CRO with over 19,000 employees and offer drug and medical device development services, including phase 1 through 4 clinical trial management and commercialization solutions. Labcorp plans to offer up the spinoff to Labcorp shareholders through a transaction intended to be tax-free for U.S. federal income tax purposes, the company said in a Feb. 6 press release. The spinoff will create two independent, publicly traded companies. In the meantime, the clinical development business will continue to be owned and operated by Labcorp. “Today marks a significant milestone as we progress toward becoming an independent company and capturing the enormous opportunity ahead,” said Tom Pike, president and CEO of Labcorp’s clinical development business and future CEO and board chairman of Fortrea. “The announcement of Fortrea signals to the world what we are building: a leading, pure-play CRO positioned to serve customers, deliver life-changing medicines faster and create lasting value for all our stakeholders.” In its original announcement, Labcorp officials said they expect […]

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