Chief AI officer is tech's hottest new role — but finding workers with the right skills is tough
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The role of Chief AI Officer is becoming increasingly important as companies seek guidance on how to use AI to save time and boost productivity. However, finding the right candidate for the role can be challenging. Technical skills alone are not enough, as the ideal Chief AI Officer should have a wide array of responsibilities, including understanding large language models and how to apply them across the entire business. Strategic thinking and leadership skills are also crucial. Hiring a Chief AI Officer can be difficult due to the newness of the field and the need for a candidate with a breadth of capabilities. Companies that are serious about AI adoption should consider investing in this role to avoid being left behind.

https://www.businessinsider.com/chief-ai-officer-tech-hot-role-skills-strategy-machine-learning-2024-2


Top US Treasury Officials Will Travel to China to Ease Economic Tensions
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The US Treasury is sending an envoy of department officials to China this week to discuss a range of economy issues, including practices around government subsidies and concerns about flooding the market with cheap products. The discussions will also touch on China's status as one of the world's largest creditors to emerging markets economies and ways to help countries with their sovereign debt loads to allow them to invest in climate initiatives. The talks will be led by Jay Shambaugh, the department's Under Secretary for International Affairs, and could lay the groundwork for Treasury Secretary Janet Yellen's second trip to China. Officials from the two countries will also discuss joint efforts to combat climate change. This meeting will be the first in Beijing for the economic working group established last September.

#UsTreasury #China #EconomicTensions #GovernmentSubsidies #CheapProducts #Creditors #EmergingMarkets #SovereignDebt #ClimateInitiatives #JayShambaugh #JanetYellen #ClimateChange

https://www.businessinsider.com/top-us-treasury-officials-delegations-travel-china-ease-economic-tensions-2024-2


There's little reason to be optimistic about a soft landing this year as the 'runway is in an earthquake zone,' Harvard economist says
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Harvard economist Ken Rogoff warns that there is little reason to be optimistic about a soft landing for the economy this year. He refers to the runway for the economy as being in an 'earthquake zone' in 2024. Rogoff points to signs of weakness in the global economy, including China's economic slowdown and rising government debt levels. He also highlights the potential for lackluster economic growth in Europe due to the cost of supporting Ukraine in its war with Russia and protectionist trade rhetoric. In the US, the national debt continues to surge and interest rates are expected to stay higher-for-longer, posing a tough balancing act for the Federal Reserve. New York Fed economists are pricing in a 63% chance of a recession by the end of the year. However, investors are still expecting falling inflation and lower interest rates. The article concludes that a soft landing means little if the runway is in an earthquake zone.

#Economy #Recession #SoftLanding #GlobalEconomy #EconomicGrowth #InterestRates #FederalReserve

https://www.businessinsider.com/recession-us-economy-outlook-soft-landing-earthquake-harvard-ken-rogoff-2024-2


Hundreds of business execs just ranked Elon Musk America's most overrated CEO
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Elon Musk has been ranked as America's most overrated CEO by a survey of hundreds of business executives. Musk received 399 votes, while Disney CEO Bob Iger came in second with 302 votes. Microsoft chief Satya Nadella was ranked the most underrated CEO, receiving 274 votes. Musk has been criticized for setting overly ambitious targets and pushing back SpaceX's timeline for sending humans to Mars. Representatives for Musk did not immediately respond to a request for comment.

#ElonMusk #Ceo #Ranking #Overrated #Survey

https://www.businessinsider.com/business-executives-ranked-elon-musk-america-most-overrated-ceo-2024-2