logo
LinkedIn CEO to take over Office, more AI duties in Microsoft executive shuffle

LinkedIn CEO to take over Office, more AI duties in Microsoft executive shuffle

Yahoo2 days ago

By Stephen Nellis
SAN FRANCISCO (Reuters) -The CEO of LinkedIn will take additional responsibility for Microsoft's (MSFT) Office products, while an executive responsible for one of the company's leading business-to-business artificial intelligence products will start reporting to head of the company's Windows unit, according to a memo from Microsoft CEO Satya Nadella viewed by Reuters.
Ryan Roslansky, who oversees the business-focused social network owned by Microsoft, will remain CEO of LinkedIn but also oversee products such as Word and Excel and also "Copilot," Microsoft's leading AI product, within the company's productivity software suite, the memo said.
Roslansky will report to Rajesh Jha, who oversees Microsoft Windows and Teams, among other duties. The memo said existing Office leaders Sumit Chauhan and Gaurav Sareen will report to Jha as well.
Also moving to report to Jha will be Charles Lamanna, who leads "Copilot" for business and industrial users, the memo said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Analysis-Shaken by crises, Switzerland fetters UBS's global dream
Analysis-Shaken by crises, Switzerland fetters UBS's global dream

Yahoo

time28 minutes ago

  • Yahoo

Analysis-Shaken by crises, Switzerland fetters UBS's global dream

By Ariane Luthi and John O'Donnell BERN (Reuters) -Switzerland announced reforms on Friday to make its biggest bank UBS safer and avoid another crisis, hampering the global ambitions of a lender whose financial weight eclipses the country's economy. UBS emerged as Switzerland's sole global bank more than two years ago after the government hastily arranged its rescue of scandal-hit Credit Suisse to prevent a disorderly collapse. The demise of Credit Suisse, one of the world's biggest banks, rattled global markets and blindsided officials and regulators, whose struggle to steer the lender as it lurched from one scandal to the next underscored their weakness. On Friday, speaking from the same podium where she had announced the Credit Suisse rescue in 2023 as finance minister, Switzerland's president Karin Keller-Sutter delivered a firm message. The country would not be wrongfooted again. "I don't believe that the competitiveness will be impaired, but it is true that growth abroad will become more expensive," Keller-Sutter said of UBS. "We've had two crises. 2008 and 2023," she said. "If you see something that is broken, you have to fix it." During the global financial crisis of 2008, UBS was hit by a losses in subprime debt, as a disastrous expansion into riskier investment banking forced it to write down tens of billions of dollars and ultimately turn to the state for help. Memories of that crisis also linger, reinforcing the government's resolve after the collapse of Credit Suisse. For UBS, which has a financial balance sheet of around $1.7 trillion, far bigger than the Swiss economy, the implications of the reforms proposed on Friday are clear. Switzerland no longer wants to back its international growth. "Bottom line: who is carrying the risk for growth abroad?" said Keller-Sutter. "The bank, its owners or the state?" The rules the government proposed demand that UBS in Switzerland holds more capital to cover risks in its foreign operations. That move, one of the most important steps taken by the Swiss in a series of otherwise piecemeal measures, will make UBS's businesses abroad more expensive to run for one of the globe's largest banks for millionaires and billionaires. Following publication of the reform plans, UBS Chairman Colm Kelleher and CEO Sergio Ermotti said in an internal memo that if fully implemented, they would undermine the bank's "global competitive footprint" and hurt the Swiss economy. STRATEGY The reform would require UBS to hold as much as $26 billion in extra capital. Some believe the demands may alter the bank's course. "It could be that UBS has to change its strategy of growth in the United States and Asia," said Andreas Venditti, an analyst at Vontobel. "It's not just growing. It makes the existing business more expensive. It is an incentive to get smaller and this will most likely happen." Credit Suisse's demise exploded the myth of invincibility of one of the wealthiest countries in the world, home to a global reserve currency, and proved as unworkable a central reform of the financial crisis to prevent state bailouts. For many in Switzerland, the government's reforms are long overdue. "The bank is bigger than the entire Swiss economy. It makes sense that it should not grow even bigger," said Andreas Missbach of Alliance Sud, a group that campaigns for transparency. "It is good that the government did not give in to lobbying by UBS. The question is whether it is enough. We have a banking crisis roughly every 12 years. So I'm not really put at ease." UBS CEO Ermotti had lobbied against the reforms, arguing that a heavy capital burden would put the bank on the back foot with rivals. The world's second-largest wealth manager after Morgan Stanley is dwarfed by its U.S. peer. Morgan Stanley shares value the firm at twice its book value, compared with UBS's 20% premium to book. On Friday, the bank reiterated this message, saying that it strongly disagreed with the "extreme" increase in capital. But others are sceptical that the government has done enough. Hans Gersbach, a professor at ETH Zurich, said there was still no proper plan to cope should UBS run into trouble. "The credibility of the too big to fail regime remains in question." (Additional reporting by Dave Graham and Oliver Hirt in Zurich; Writing By John O'Donnell; editing by David Evans) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

AI company's offputting ads declare ‘Stop Hiring Humans'
AI company's offputting ads declare ‘Stop Hiring Humans'

Miami Herald

time34 minutes ago

  • Miami Herald

AI company's offputting ads declare ‘Stop Hiring Humans'

By Jake Meeus-Jones Commuters fear losing their jobs after an artificial intelligence company launched "gross" billboards around London, encouraging companies to "stop hiring humans." Artisan, an AI startup founded in 2023, recently acquired $25M in funding in its quest to build a company powered by AI-employees called Artisans. Their viral billboard campaigns have been seen across US cities and they have now popped up around the London Underground. The head-turning billboards have not gone down well with many who work in the industry, though some say they are "well-staged." Another of the billboards shows an AI employee front and centre with text that reads 'Artisans won't WFH in Ibiza next week', causing outrage. Jamie Vaughan, a managing director at marketing firm Signifly, said in a LinkedIn post that he believes these ads are "everything that's wrong with the current tech discourse around AI and work." He added in the post: "Here's a company literally advertising the elimination of human collaboration and creativity - the very things that make work meaningful and productive. "The idea that we should celebrate replacing 'artisans' (actual skilled humans) with AI "employees" is antithetical to everything I believe about business success. "Real innovation comes from humans working together, challenging each other, and building on each other's ideas. "It is also entirely possible for great work to be done from home or remotely. "We should be using AI to enhance human creativity and collaboration, not replace it entirely. "Hard pass on this dystopian vision of work." In response, many LinkedIn users disagreed with Jamie's post and claimed that their campaign had worked. One user said, "Yet, it triggered you. Well-staged ad by Artisan." A co-founder of a customer experience agency added: "This is the exact reaction they want!!! I'd argue the ad is doing exactly what it's intended to do…get the humanoids worked up on LinkedIn." A third said: "The only thing worse than being talked about is not being talked about - you're only helping them." A fourth reluctantly said, "Actually gross. But sadly, it did its job." But many felt the idea of 'any attention is still attention' has been pushed too far with this campaign. A senior product designer said: "I know some people agree with 'negative attention is still attention', but this is a personal and professional pet peeve of mine - is the hate worth it? "I would rather be talked about the good work we are doing rather than counting on rage bait…" Another added: "While provocative, rage baiting seems to have worked every time on a lot of posts here, but in all honesty, is it worth the risk?" The post AI company's offputting ads declare 'Stop Hiring Humans' appeared first on Talker. Copyright Talker News. All Rights Reserved.

If Elon Musk's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?
If Elon Musk's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?

Yahoo

time35 minutes ago

  • Yahoo

If Elon Musk's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?

We've seen the headlines that reveal how rich the world's top billionaires are — but it's hard to comprehend just how rich they are. Consider this: Let's say you had $1 billion in your bank account and had to spend $100,000 every day, for an entire year. After 365 days, you would still have $963,500,000 (nine hundred sixty-three million five hundred thousand). Discover More: Find Out: Over the last two decades, billionaires have ballooned their wealth to unparalleled levels. In 2005, Microsoft co-founder Bill Gates ranked as the world's richest person, with a net worth of $46.5 billion, as reported by CNN. Today, that title belongs to Tesla CEO Elon Musk, whose net worth stands at $368 billion as of June 5, according to the Bloomberg Billionaires Index. Even when adjusted for inflation, Gates' former net worth would be equivalent to roughly $76 billion in today's dollars. It is worth noting that other billionaires have also increased their wealth during the same time. For instance, tech billionaires Mark Zuckerberg and Jeff Bezos are worth $229 billion and $227 billion, ranking second and third globally. For many Americans, this trend is not sitting well. The sky-high cost of living has catalyzed support for redistributive tax policies, especially among younger voters and the progressive base of the Democratic Party. While higher taxation may or may not happen in the years to come, here's hypothetically how much you'd get if the world's richest man gives a check to every American. The United States Census Bureau estimates the current population to be around 341 million people, ranking only behind India and China. If Musk's enormous $368 billion were equally divided in the U.S., each person would receive $1,079 (rounded to the nearest dollar). A couple would receive $2,158, while a family of four would get $4,316. Despite the enormous wealth of billionaires, much of their fortune is tied up in stocks, real estate, and other holdings. Only a small percentage of their assets is held in cash. Based on data from Forbes, Musk has a 12% ownership stake in Tesla and to date, he remains the largest shareholder in the $1.15 trillion electric vehicle company. This is in addition to a 42% slice in SpaceX and a 54% interest in xAI, among many other businesses. Interestingly, Bloomberg reported that Musk's financial holdings appreciated by 77% after joining the campaign trail with President Donald Trump late last year, as reported by Bloomberg. Investors became bullish on Tesla and Musk became the first person to ever reach a net worth exceeding $400 billion. Since then, Tesla's market value has fluctuated as a result of volatile market conditions, macroeconomic factors and the threat of a global trade war. Editor's note: Data is accurate as of June 5 and is subject to change. More From GOBankingRates Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on If Elon Musk's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store