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CAAS launches S$200M OneAviation Manpower Fund to boost the aviation workforce in Singapore
CAAS launches S$200M OneAviation Manpower Fund to boost the aviation workforce in Singapore

Independent Singapore

timea day ago

  • Business
  • Independent Singapore

CAAS launches S$200M OneAviation Manpower Fund to boost the aviation workforce in Singapore

Depositphotos/brokenrecords SINGAPORE: The Civil Aviation Authority of Singapore (CAAS) has launched a S$200 million OneAviation Manpower Fund to grow the city-state's aviation sector by supporting talent attraction, training, and retention as part of a broader S$1 billion package introduced in March 2025 to drive growth in connectivity, infrastructure, technology, and manpower in Singapore. Currently, over 60,000 workers are employed in Singapore's aviation sector, with the number expected to rise with the opening of Changi Airport Terminal 5 in the mid-2030s, Singapore Business Review reported, citing the Aviation Jobs Transformation Report. However, the report also pointed out that many roles will change. The report listed 31 critical job roles in the aviation sector and said that six major trends — such as automation, AI, and changing customer needs — could transform up to 30% of these jobs in the next five years. To support this transition, CAAS signed agreements with nine Institutes of Higher Learning to build local talent and partnered with AI Singapore, SATS, Singapore Airlines, and Changi Airport Group to strengthen AI capabilities across the sector. /TISG Read also: Will Cathay Cineplexes soon bid its final farewell amid millions in debt? Featured image by Depositphotos (for illustration purposes only) () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });

How this tech CEO competes with Meta's AI talent spending spree
How this tech CEO competes with Meta's AI talent spending spree

Yahoo

time2 days ago

  • Business
  • Yahoo

How this tech CEO competes with Meta's AI talent spending spree

Listen and subscribe to Opening Bid on Apple Podcasts, Amazon Music, Spotify, YouTube, or wherever you find your favorite podcasts. It's almost impossible to compete with the bottomless wallet of Mark Zuckerberg's Meta (META) when it comes to recruiting AI talent. So smaller companies have to build the talent themselves, said Nextdoor (KIND) co-founder and CEO Nirav Tolia. "People are the real asset," Tolia said in a new episode of Yahoo Finance's Opening Bid Unfiltered podcast (watch above; listen below). "It's not the code. It's not the product itself. It's the brains behind this." "That means teaching ourselves to be great at AI," Tolia continued. "We don't have the benefit of having all that cash and picking up something off the shelf or someone off the shelf who has that expertise. We have to build it internally. Ultimately, I think that's a lot more durable and we really have no choice." This embedded content is not available in your region. Zuckerberg is having a summer to remember, including poaching top artificial intelligence talent such as Scale AI's Alexandr Wang with multimillion-dollar paychecks. Wang now leads Meta's new superintelligence lab. Just last week, Meta reportedly lured AI researchers Mark Lee and Tom Gunter from Apple (AAPL) to join the superintelligence team. "AI may be one of the first big platform shifts where there is true advantage flowing to the incumbents versus the startups," Tolia said. "But I don't think about that. I think about what can we do at Nextdoor to use the power of AI to build a better product." Digital turnarounds like the one Tolia is trying to pull off take time and great talent, and they are far from guaranteed in a world dominated by Big Tech and disruptors like OpenAI ( Tolia co-founded social media platform Nextdoor in 2008 and led the company until 2018. The platform seeks to keep neighborhoods connected with updates on local happenings. Watch more from the Opening Bid podcast Reebok founder on Trump tariffs: It's virtually impossible to make sneakers in US Why the CEO of the world's large sovereign wealth fund is worried about rising US debt NFL great Chad Johnson on the unusual way he saved money 'After running the company for almost nine years, I was really tired and burned out,' Tolia said of his decision to leave. 'And I think this happens to a lot of CEOs. You're in the grind, you're in the middle of a deep, dark tunnel. You don't know if you're ever going to get out. And it's difficult to have perspective.' He returned to the company as CEO in May 2024 and found the social media platform was struggling to grow, with a weak product and a sliding stock. Tolia has since refocused the organization on the user experience with initial signs of success in increasing weekly average users. The company relaunched its app earlier this month, with an emphasis on local news and better engagement. Despite the efforts, Nextdoor's market cap has dwindled from $4.3 billion at the time of its SPAC IPO in 2021 to $700 million or so today. Shares are down 32% over the past year. Each week, I sit down for insight-filled conversations and chats with the biggest names in business and markets on Opening Bid Unfiltered. You can find more episodes on our video hub or watch on your preferred streaming service. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email 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

How this tech CEO competes with Meta's AI talent spending spree
How this tech CEO competes with Meta's AI talent spending spree

Yahoo

time2 days ago

  • Business
  • Yahoo

How this tech CEO competes with Meta's AI talent spending spree

Listen and subscribe to Opening Bid on Apple Podcasts, Amazon Music, Spotify, YouTube, or wherever you find your favorite podcasts. It's almost impossible to compete with the bottomless wallet of Mark Zuckerberg's Meta (META) when it comes to recruiting AI talent. So smaller companies have to build the talent themselves, said Nextdoor (KIND) co-founder and CEO Nirav Tolia. "People are the real asset," Tolia said in a new episode of Yahoo Finance's Opening Bid Unfiltered podcast (watch above; listen below). "It's not the code. It's not the product itself. It's the brains behind this." "That means teaching ourselves to be great at AI," Tolia continued. "We don't have the benefit of having all that cash and picking up something off the shelf or someone off the shelf who has that expertise. We have to build it internally. Ultimately, I think that's a lot more durable and we really have no choice." Zuckerberg is having a summer to remember, including poaching top artificial intelligence talent such as Scale AI's Alexandr Wang with multimillion-dollar paychecks. Wang now leads Meta's new superintelligence lab. Just last week, Meta reportedly lured AI researchers Mark Lee and Tom Gunter from Apple (AAPL) to join the superintelligence team. "AI may be one of the first big platform shifts where there is true advantage flowing to the incumbents versus the startups," Tolia said. "But I don't think about that. I think about what can we do at Nextdoor to use the power of AI to build a better product." Digital turnarounds like the one Tolia is trying to pull off take time and great talent, and they are far from guaranteed in a world dominated by Big Tech and disruptors like OpenAI ( Tolia co-founded social media platform Nextdoor in 2008 and led the company until 2018. The platform seeks to keep neighborhoods connected with updates on local happenings. Watch more from the Opening Bid podcast Reebok founder on Trump tariffs: It's virtually impossible to make sneakers in US Why the CEO of the world's large sovereign wealth fund is worried about rising US debt NFL great Chad Johnson on the unusual way he saved money 'After running the company for almost nine years, I was really tired and burned out,' Tolia said of his decision to leave. 'And I think this happens to a lot of CEOs. You're in the grind, you're in the middle of a deep, dark tunnel. You don't know if you're ever going to get out. And it's difficult to have perspective.' He returned to the company as CEO in May 2024 and found the social media platform was struggling to grow, with a weak product and a sliding stock. Tolia has since refocused the organization on the user experience with initial signs of success in increasing weekly average users. The company relaunched its app earlier this month, with an emphasis on local news and better engagement. Despite the efforts, Nextdoor's market cap has dwindled from $4.3 billion at the time of its SPAC IPO in 2021 to $700 million or so today. Shares are down 32% over the past year. Each week, I sit down for insight-filled conversations and chats with the biggest names in business and markets on Opening Bid Unfiltered. You can find more episodes on our video hub or watch on your preferred streaming service. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Sign in to access your portfolio

Alderney FC hunting for players to live on island
Alderney FC hunting for players to live on island

BBC News

time3 days ago

  • Sport
  • BBC News

Alderney FC hunting for players to live on island

A Channel Islands football team has put out a call for fresh talent to move over and play for their FC, who play in Guernsey's Jackson League and the Muratti Vase, have issued an appeal to find young male footballers who are willing to live and work on the island while playing for the at the club, which is the only one on the island of Alderney, said they needed to find a way of attracting new players to keep the side running in the Kirkland, chairman and coach of Alderney FC, said the club knew it would not be a move everyone wanted to make, but they hoped to attract a few players. Mr Kirkland said: "Maybe they'll come for six weeks, maybe they'll come for six months, maybe they'll come for six years, we just don't know."If we open enough opportunities, then hopefully we'll attract some players." 'Something unique' He said there were a number of work opportunities on the island which potential players could who moved to Alderney two years ago, added the club had a decent number of players for the next generation, but wanted to make sure they continued to grow."We know it's not going to be for every single person, we know there are challenges to living here," he said. "But we do think we are offering something unique and the community will fully support people moving across." Mr Kirkland said the club was the "beating heart" of the island community who come together to show their support when games are played at its home ground, The said the community was great to be part of and the club had a rich tradition and history - which included winning the Muratti in added while the club's prospects have dropped off in recent years, he felt it had a lot of potential."We certainly don't have a Hollywood backing or film crew to follow us around, but it's a Cinderella story."A few years ago, the first team were extremely competitive, but we've slightly dropped off that in the last two or three years."If we can attract three, four or five players of quality that want to reside here on the island, then there's absolutely no reason why we won't go into the next league of the Guernsey football pyramid."

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