Turkey did not sell off its US Treasury holdings because Erdogan suddenly discovered some brilliant new economic strategy. This is what governments do when the pressure begins to rise and the walls start closing in. The latest TIC data showed Turkey’s long-term US Treasury holdings collapsed from roughly $11.1 billion in February to about $839 million in March. That is not normal portfolio management. That is a sign of stress. I have warned that Turkey is one of the key geopolitical pressure points because it sits between East and West, Europe and Asia, NATO and the Islamic world. Everyone pretends…
Author: Staff Writer
The current AI boom reminds me of the dot-com era, which I watched unfold from venture capital in the late 1990s and early 2000s. Lots of hype. Eye-watering investments. Genuine transformative potential. Most conversations about AI today focus on the obvious value, productivity, and efficiency gains. That’s real, but it’s the shallow end. The deeper potential is something else entirely: ending the linear take-make-waste economy and with it, our reliance on fossil fuels. For half a century, the global economy has run on a simple, destructive model. Extract finite resources from the Earth. Manufacture mostly disposable products. Throw away. Repeat.…
At Google, AI is reshaping employees’ titles and how they work. Last month, Google Cloud’s senior director and chief evangelist, Richard Seroter, told Fast Company that software engineers have turned into product engineers, or architects, as they move away from manual coding to directing teams of AI agents. It seems that AI has changed how Google CEO Sundar Pichai works, too. “I just think the CEO job is not that complicated,” Pichai said when asked how close AI is to replacing him as a CEO during a recent interview with The Verge. “There are aspects of it where I think…
A day after Pope Leo XIV released his much anticipated encyclical on AI, the response from the AI community has been mainly positive, with some quibbling over the nature and potential of the technology. The Vatican released the encyclical, titled Magnifica Humanitas: On Safeguarding the Human Person in the Time of Artificial Intelligence, in Vatican City on Monday. (An encyclical is a high-importance teaching document issued by the pope.) Broadly, the document aims to demarcate the fundamental differences between humans and machines and warn about the dangers of allowing AI to be controlled and distributed by a small group of…
Most enterprise generative AI investments have yet to deliver the value companies envisioned, and every day, more leaders are recognizing that people lie at the heart of the struggle. In this year’s AI & Data Leadership Executive Benchmark Survey, 93% of executives leading AI and data efforts identified human issues around culture and change management as the primary obstacle to adoption. McKinsey Global Managing Partner Bob Sternfels put it plainly on HBR’s IdeaCast: “Half if not more of the secret sauce” in getting value from AI, he said, “is organizational change, as opposed to technology implementation.” As such, many leading…
Last weekend, when Puck announced that the sustainable fashion startup Everlane had been acquired by the Chinese ultra fast fashion retailer Shein, it sent shockwaves throughout the fashion world. Michael Preysman, who founded Everlane in 2011, was just as shocked. “I found out the same time as everyone else,” he said in a LinkedIn post a week ago. “I’m not involved with the company anymore, and like many, am still digesting the news.” Well, Preysman is done digesting. And it seems that he’s ready to do something about it. Preysman just announced stillradical.com, a new venture that we know little…
Unlike some of his industry peers, OpenAI CEO Sam Altman has been surprisingly skeptical of the notion that AI is displacing workers. In an interview a few months ago, he argued that AI was a convenient scapegoat for some companies, echoing what some economists and experts have expressed about the narrative that AI is driving layoffs across corporate America. “I don’t know what the exact percentage is, but there’s some AI washing where people are blaming AI for layoffs that they would otherwise do. And then there’s some real displacement by AI of different kinds of jobs,” Altman said at…
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 162.10 points or -0.25% to 64,996.09 • Shanghai decreased 7.196 points or -0.17% to 4,145.373 • Hang Seng decreased 6.58 points or -0.03% to 25,599.45 • ASX 200 decreased 34.20 points or -0.39% to 8,657.80 • SENSEX decreased 479.26 points or -0.63% to 76,009.70 • Nifty50 decreased 118.00 points or -0.49% to 23,913.70 The major Asian currency markets had a mixed day today: • AUDUSD decreased 0.00057 or -0.08% to 0.71675 • NZDUSD decreased 0.00368 or -0.63% to 0.58352 • USDJPY increased 0.422 or 0.27%…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways He learned more from almost failing than from any business plan. He sees hospitality as something deeply tied to how people connect, celebrate and support one another. Now he teaches hospitality the only way he thinks it can be taught: inside a real restaurant. Seth Gerber made a promise to himself when he joined a Boston-based restaurant group as a co-owner and restaurant director: he wouldn’t play it safe. After some risky gambles and hard realizations, Gerber found a way to turn a struggling restaurant, Mida, into multiple locations. Now…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Customers still strongly prefer humans in customer service. In today’s AI-driven world, human connection remains a major driver of trust, loyalty and long-term growth. Human support is a competitive advantage. When price and product are similar, most customers say they would choose the business with a human receptionist. The winning strategy is simple: Use AI behind the scenes and put humans front and center. In the rush to automate customer service, many companies are accidentally automating churn. For years, businesses have been told the future of customer service is automated,…