Latest news with #operations
Reuters
a day ago
- Business
- Reuters
America Movil restructures Chile business after Liberty Latin America buy-out
MEXICO CITY, July 28 (Reuters) - Mexican telecommunications giant America Movil ( opens new tab will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America (LILA.O), opens new tab. America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture, combining America Movil's Claro Chile and Liberty's VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year. It now holds total control in ClaroVTR after exercising a call option on the remaining shares, America Movil said in a filing.
Yahoo
a day ago
- Business
- Yahoo
America Movil restructures Chile business after Liberty Latin America buy-out
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America. America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture, combining America Movil's Claro Chile and Liberty's VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year. It now holds total control in ClaroVTR after exercising a call option on the remaining shares, America Movil said in a filing. 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
Fast Company
a day ago
- Business
- Fast Company
AI at scale: Why strong governance is your next competitive advantage
Artificial intelligence (AI) is becoming the heartbeat of modern business operations across industries. Its rapid scaling offers tremendous opportunities for innovation, efficiency gains, and new competitive advantages, but it also introduces significant risks. Left unchecked, use of AI can expose organizations to regulatory breaches, ethical lapses, security vulnerabilities, and reputational harm. Today, the difference between companies that merely use AI and those that thrive with it is the quality of their governance frameworks. Forward-looking leaders recognize governance as a strategic advantage that's essential for enabling the kind of bold, creative innovation that drives lasting business success. The swift adoption of AI has significantly heightened regulatory, ethical, and security risks. In 2024, around half of employees admited to using unsanctioned AI tools, potentially exposing sensitive organizational data to breaches and compliance violations. So it's no surprise that ethical incidents involving AI have seen a marked increase, rising by more than 56% between 2023 and 2024. Effective governance can proactively address these mounting risks, reducing the likelihood of costly, reactive crisis management. Businesses that embed robust frameworks can anticipate and mitigate issues before they escalate, ensuring AI's transformative potential is fully and responsibly realized. HOW GOVERNANCE FUELS GROWTH Some executives perceive governance as a burdensome, additional layer of bureaucracy that slows down innovation. But in reality, it serves as 'the fence around the playground,' the guardrails that allow teams to explore and innovate boldly without constant fear of unintended consequences. Governance doesn't slow progress. It creates a structure that accelerates deployment and builds trust, enabling broader engagement with AI technologies. Rather than being viewed as a barrier, organizations should see governance as a strategic differentiator. Organizations with robust frameworks can confidently scale their AI initiatives, turning potential risks into manageable challenges and opportunities for growth. By establishing the following components, organizations ensure AI governance is both comprehensive and effective: • Privacy and data management: Well-defined, proactive policies show employees how to hande data responsibly. • Ethics and fairness guidelines: Robust structures for detecting and mitigating bias can ensure AI-based decisions remain fair and equitable. • Compliance and legal oversight: Comprehensive systems and procedures ensure adherence to evolving regulatory requirements. • Performance and quality control: Continuous validation mechanisms maintain AI effectiveness, reliability, and alignment with organizational objectives. • Operational oversight: Ongoing monitoring with well-defined incident-response protocols allow organizations to swiftly address emerging issues. • Security and access controls: Stringent safeguards protect AI systems from misuse and unauthorized access, preserving integrity and trust. PUTTING AI GOVERNANCE INTO ACTION With those building blocks in place, here are five steps for putting those principles into practice across the organization. 1. Establish executive leadership and accountability. Create a dedicated, cross-functional governance board. Members should include senior representatives from key departments like IT, legal, operations, and compliance to provide a balanced, comprehensive view of AI risks. 2. Manage organizational change. Support successful adoption by embedding change management into the launch of your AI governance strategy. Engage stakeholders early, offer targeted training, address cultural resistance, and reinforce new behaviors through clear communication and meaningful incentives. A proactive change strategy helps align teams with governance objectives and sustains momentum. 3. Implement risk management practices. Build a comprehensive risk management approach that includes proactive assessments and actionable mitigation plans. Risk evaluation should reflect both the likelihood and severity of potential harm, with governance scaled to match. High-risk initiatives may warrant added checkpoints and closer oversight. 4. Integrate governance into the AI lifecycle. Embed oversight processes throughout the AI lifecycle, from initial development and testing to deployment and continuous operation. This ensures that governance becomes part of the organizational culture—not a last-minute addition. For example, a pre-deployment checklist helps ensure teams implement fairness and privacy requirements before any model goes live. 5. Refine through continuous improvement. Implement structured mechanisms for ongoing governance evaluation, including regular audits, incident reviews, and feedback loops. Use these insights to refine and enhance governance practices, ensuring they remain robust and effective as the AI landscape evolves. YOUR FOUNDATION FOR TRUSTED, SCALABLE AI A solid governance framework gives AI initiatives room to grow while adapting to new technologies, regulations, and risks. The companies that lead in AI won't be the ones that simply deploy it first. They'll be the ones that scale it most responsibly. Governance allows organizations to manage complexity with structure, mitigate risk without slowing progress, and cultivate a culture where AI is both dependable and transformative. In a competitive landscape shaped by rapid technological change, governance is the backbone of scalable, sustainable AI success.
Yahoo
a day ago
- Business
- Yahoo
Tines Appoints Heather Planishek as Chief Operating and Financial Officer
Former Palantir executive to lead global operations and finance as Tines scales its mission to power the world's most important workflows BOSTON and DUBLIN, July 28, 2025 /PRNewswire/ -- Tines, the intelligent workflow platform for security and IT teams, today announced the appointment of Heather Planishek as its Chief Operating and Financial Officer (COFO). Prior to joining Tines, Planishek served as Chief Accounting Officer at Palantir Technologies, where she guided the company through a period of significant growth and its transition to the public markets. She has also held finance and operational roles at Hewlett Packard Enterprise and Ernst & Young. In her new role, she will oversee global operations and finance, bringing deep expertise in operational strategy and financial discipline to help Tines scale globally and deliver long-term value for customers. "Heather brings a rare combination of leadership, systems thinking and bias for action that aligns perfectly with how we're building Tines for the future," said Eoin Hinchy, CEO and co-founder of Tines. "Her experience scaling Palantir, a high-growth, AI-native company, gives her a unique lens on how to build durable operations within complex, fast-moving environments. That background will be invaluable as we continue to grow and serve some of the most advanced teams in the world." Planishek joins Tines at a time of accelerating momentum following the company's $125 million Series C in February, which valued the company at $1.125 billion, and the launch of full-spectrum automation capabilities in June. With Tines, customers can safely integrate AI into daily operations, orchestrate workflows and agents across systems, teams, and tools, and operate with enterprise-grade scale and governance. The result is better ROI, stronger compliance, and faster outcomes. "I'm thrilled to be joining Tines at such a pivotal and high-growth moment in its journey," said Planishek. "This is an incredible opportunity to help continue to scale Tines with both speed and purpose. When operational excellence is embedded early, teams across the company are empowered to focus on what really matters: delivering exceptional outcomes for customers." Planishek is based in Colorado and will work closely with Tines teams across the U.S., Ireland, Europe, and Australia. About TinesAt Tines, we're building a future where technology empowers businesses and people to work smarter and more securely. Leaders across a wide array of industries, including Canva, Databricks, Elastic, Kayak, Intercom, and McKesson use Tines' AI-powered workflows to operate more effectively, mitigate risk, reduce tech debt, and do the work that matters most. Co-headquartered in Dublin and Boston, Tines has raised $272M in funding to date from investors including Goldman Sachs, Softbank, Felicis, Addition, Accel, Blossom Capital and Lux Capital. To learn more about Tines, visit Media Contact Jason Fidler Tines jfidler@ Bateman Agency for Tinestines@ Logo - View original content to download multimedia: SOURCE Tines 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
Khaleej Times
4 days ago
- Business
- Khaleej Times
Etihad Airways open to recruiting Wizz Air Abu Dhabi employees, says CEO
Etihad Airways is open to hiring employees of Wizz Air Abu Dhabi, which announced suspending UAE operations from September 1 and end the joint venture, said a senior official. 'We're totally open (to hire Wizz Air Abu Dhabi employees). We need people. I'm sure that other airlines are also going to try it (to hire Wizz Air Abu Dhabi staff). This is business as usual,' Antonoaldo Neves, CEO of Etihad Airways, told Khaleej Times in an interview. 'We are hiring a lot. We're open to receiving any airline's resume. We recruit globally,' he said. Around 450 Wizz Air Abu Dhabi employees are in limbo due to the suspension of operations, Bloomberg reported earlier. Wizz Air CEO Jozsef Varadi offered Abu Dhabi employees the opportunity to take another job across the budget carrier's European network. But many employees will find it difficult to migrate to Europe, it reported. The Abu Dhabi-based national carrier has been aggressively expanding its operations, recently announcing seven new routes in July, including Almaty, Kazakhstan; Baku, Azerbaijan; Bucharest, Romania; Medina, Saudi Arabia; Tbilisi, Georgia; Tashkent, Uzbekistan; and Yerevan, Armenia. It has launched or announced 27 new routes in a single year as part of its ambitious growth strategy. 2,500 employees in 2025 Neves was speaking after Etihad Airways took delivery of its first Airbus A321LR (long range) at the Airbus Finkenwerder site in Germany. It will receive these 30 new long-range aircraft over the next few years. According to the Etihad chief, the airline will receive 22 aircraft this year, taking the total size of the fleet to around 200-220 over the next five years. 'This year, we're recruiting 2,500 people. We need to recruit from across the globe. We're going to hire about 350 pilots per year over the next five years and about 1,500 flight attendants every year. We're going to get to about 17,000-18,000 people,' he said. It hired more than 2,000 new employees and promoted more than 1,500, primarily pilots and cabin crew, last year. The fast-growing airline currently employs around 12,000 staff across various divisions. The UAE airlines have been on a hiring spree in the post-pandemic period. Emirates Group, the parent company of Emirates airline, last week announced 17,300 openings in the current financial year.
