Latest news with #InnovationEndeavors
Axios
4 hours ago
- Business
- Axios
AI models' supersonic progress, in 120 slides
Generative AI has entered the mainstream faster than any previous new technology. But the tech industry hasn't yet figured out the best ways to build AI products — and fierce competition, along with rapid advances, means nobody stays at the top of the heap for long. Those are some of the top-line findings of a new report on the state of AI foundation models from Innovation Endeavors, the venture capital firm co-founded in 2010 by former Google CEO and chairman Eric Schmidt. By the numbers: The report (video), by Innovation Endeavors partner Davis Treybig, says that 1 in 8 workers globally now uses AI on a monthly basis. 90% of that growth took place in the last six months. New models regularly topple technical benchmarks, but the cost of training them is also ballooning. "The average duration of human task a model can reliably do is doubling every seven months," per the report. Stunning stat: New models typically spend three weeks at the top of the usage charts and then drop off as newcomers emerge and open-source rivals absorb and commoditize their advances. Frontier models "depreciate on a 6–12 month timescale," the report says. AI is "fundamentally disrupting" software development and collapsing the distinctions between programming, product management and design, the report also finds. "Therapy, life organization and learning" lead the list of general-interest AI use cases.
National Post
15 hours ago
- Business
- National Post
Jørgen Vig Knudstorp Nominated to Join NIKE, Inc. Board of Directors
Article content BEAVERTON, Ore. — NIKE, Inc. (NYSE:NKE) today announced Jørgen Vig Knudstorp has been nominated for election to its Board of Directors at the Company's 2025 annual meeting of shareholders, to be held on September 9, 2025. Article content Mr. Knudstorp was President and Chief Executive Officer of the LEGO Group ('LEGO') from 2004 to 2016, Executive Chair of LEGO Brand Group from 2017 to 2023 and currently serves as Deputy Chair of the LEGO Foundation. He previously held various leadership positions at LEGO from 2001 to 2004. Article content Article content 'Jørgen's strong global experience with brand and digital marketing, strategy, and consumer products, as well as his development and fostering of culture and values, will make him an excellent addition to our board,' said Mark Parker, Executive Chairman of NIKE, Inc. 'We look forward to working with Jørgen during an exciting time for NIKE where we will unlock our next chapter of growth through innovative product and distinctive brand storytelling across an integrated marketplace.' Article content Prior to joining LEGO, Mr. Knudstorp served as a management consultant at McKinsey & Company. He also holds a master's degree and a PhD in economics and business management from Aarhus University. Article content Mr. Knudstorp is also the lead independent director of Starbucks Corporation and Partner and Executive Advisor of Innovation Endeavors. Article content About NIKE, Inc. Article content NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.'s earnings releases and other financial information are available on the Internet at Individuals can also visit and follow NIKE on LinkedIn, Instagram and YouTube. Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Article content Article content
