Business

Artificial intelligence (AI) consumes a significant amount of energy, especially deep learning models, and in a few years it is expected that energy use will double. This energy consumption is due to the increasing demand for AI across various industries, which contributes to carbon emissions.

Microsoft is planning to put a lot of money, about 2.9 billion dollars, into Japan to make their computer systems better. They want to improve their Artificial Intelligence (AI) and build more data centers. These data centers are like big buildings where lots of computers are kept and they store all kinds of information.

In the work environment, unexpected misunderstandings often arise as a result of cultural differences in leadership styles. Americans, for example, see themselves as egalitarian and think of the Japanese as hierarchical. But American leadership seems to be unclear. This is mainly because American bosses are outwardly egalitarian—relating with subordinates on a first name basis and encouraging them to participate in meetings—they can be extremely top-down in the way they make decisions.

Consumers are becoming more interested in sustainability and want to know for sure where products come from. One way to do this is to use DNA. For example, a supplier in the US grows organic cotton. The cotton is then sprayed with a unique DNA combination. This makes it easy to find out if a final product is made from that cotton. No one can substitute cheaper, non-organic cotton anywhere in the supply chain.

In recent times, big tech companies have been getting a reputation for their inability to fire their staff gracefully. Due to an economic slowdown, they have been forced to conduct massive layoffs but choose to do so in the worst possible ways.

Klarna, a fintech company, cut loose 10% of its workforce through a prerecorded video. They did not make it clear who was leaving until two days later. Another business, Better.com, fired hundreds of people in a single Zoom call accusing employees of “stealing from the company” because of low productivity.

"Live" shopping is trending right now. For many young people, it may seem like a new thing. But it actually started in the US in 1982. The Home Shopping Network (HSN) started a cable channel to sell goods on live TV. Other shopping channels followed, and they still exist today. Hosts show clothing, home goods, jewelry, etc., in real time (not pre-recorded). Viewers can call in and buy whatever is being shown.

On one hand, designers aim to make useful, attractive products or services. On the other hand, capitalism aims to make money for investors. When these two things are put together, designers can lose. Designs become more a means of profit than things of beauty and utility.

Japan has more old companies than any other developed nation. A study of 41 countries shows Japan has more than half of the companies older than 200 years. As a matter of fact, the oldest company still in existence is Kongō Gumi Co., Ltd., founded in 578 A.D. It was in operation under its own name until 2006, when it became a subsidiary of Takamatsu Construction Group

Benjamin Hubert, founder of the design company LAYER, believes that design should be for the people, not for galleries. LAYER’s vision is to solve everyday problems in the best way possible. For example, a client approached them about a new wheelchair. This was a company with no relationship to design—they just needed a better wheelchair. According to Hubert, “clients approach us because they want a functional and affordable product that’s also beautiful.” 

Well-known entrepreneurs like Bill Gates, Steve Jobs, and Mark Zuckerberg were in their early twenties when they launched their highly successful companies. The Harvard Business Review (HBR) explores whether these famous cases reflect a general pattern.

Bessie Williamson (1910-1982) was a woman in a man's industry. She ran a whisky distillery in Scotland at a time when women weren't managers in any business, let alone the whisky business. But Williamson worked her way up from a typist to the owner and CEO of the Laphroaig [lah-FROYG] distillery, becoming a well-respected boss and highly successful manager. She brought Laphroaig distillery through difficult times during WWII and began a far-reaching modernization process before retiring.

According to studies commissioned by the Harvard Business Review (HBR), international experiences can enhance creativity, reduce racial bias, and promote career success.

HBR set out to examine how international experiences can transform a person’s sense of self, specifically self-concept clarity, or the extent to which someone’s understanding of themself is clearly defined, and consistent.

According to the Harvard Business Review (HBR), common wisdom says that CEOs attend elite MBA programs, land high-powered jobs right out of school at prestigious firms, and climb the ladder straight to the top while carefully avoiding risky moves.

However, HBR conducted a 10-year study in which they assembled a dataset of more than 17,000 C-suite executive assessments to analyze who gets to the top and how. They discovered a striking finding: sprinters—those who rise quickly—accelerate to the top by making bold, at times risky, career moves.

According to the Harvard Business Review (HBR), it is possible to be a business leader and still have a personal life with careful planning, but most people wouldn’t know this if they look at some of the most successful CEOs out there. Tesla CEO Elon Musk rarely sleeps or sees his kids and had a public meltdown, and Apple’s Tim Cook is on email before the sun rises.

Elon Musk has ordered all employees to return to the office full-time or resign. In two leaked memos, he makes it clear that remote work will not be allowed except for "particularly exceptional contributors for whom this is impossible". These memos have been reported on news networks and Twitter feeds. The news network CNBC transcribed the first memo.

One night at a hotel in 2009, tech executive Shawn Seipler thought about how many bars of soap guests use for a night and then leave. He called the front desk to find out what they did with the used soap and learned that they just throw it away. In the U.S. alone, hotels throw out about 3.3 million bars of soap every day.

Rare and neglected diseases remain a serious problem in our modern world, despite advances in science and technology. Big pharmaceutical companies don't fund research and development into treatments for these diseases because they aren't profitable. The drugs end up costing much more to make than they'll earn back, so they remain un- or underfunded.

Elon Musk is a famous Twitter user. He wants to change Twitter rules on what is allowed to be posted. However, recently he surprised everyone by saying that he would buy this social media company. Musk has been offered loans of $25.5 billion from big American banks and he promised to pay the rest of the $21 billion out of his pocket.

To prosper in the digital age, companies must undergo two types of digital transformation. Firstly, they need to become digitized. Secondly, they have to become digital.

It’s difficult to be productive when you work at home. Sometimes, you are busy all day and don't make any progress on important work.

Some people tell themselves to “Try harder!” or blame themselves for not achieving enough. Other people work with a long to-do list and try to do many tasks at the same time. But these solutions aren’t helpful.

Instead, you should do this: