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Meta launches enterprise-focused AI 'business agent' to automate daily operations
Meta launches enterprise-focused AI 'business agent' to automate daily operations LONDON, June 3 : Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media giant as a player in the enterprise AI market. Announced at the company's WhatsApp-focused Conversations conference in London, the new product expands on existing business messaging services by enabling "agentic" capabilities in which...
Navigating the unknown in large-scale operational transformation programs: The "Sirius Days" framework as a 'pilot-organization' for characterizing emerging issues
new Abstract: Large-scale digital transformation programs must simultaneously sustain existing operations and navigate deep unknowns emerging from IT-business-operations interactions -a challenge conventional project governance frameworks inadequately address. Based on a longitudinal case study of a transformation program, we investigate the ''Sirius Days,'' a monthly senior management retreat identified as a critical success factor. We show that this framework constitutes a...
After cutting ties with California, Peter Thiel’s Family Office pays record rent
Peter Thiel’s family office has signed a lease at Miami’s 830 Brickell office tower. The PayPal founder has reportedly agreed to pay about $250 per square foot for nearly 18,200 square feet of office space. The deal is being described as the highest-priced office lease signed in Miami-Dade County to date and comes months after Thiel expanded his presence in South Florida and distanced key business operations from California.
Shopee slashes jobs in Singapore amid AI push; software engineers among those affected
Shopee slashes jobs in Singapore amid AI push; software engineers among those affected Employees at Shopee's Singapore headquarters told CNA they were laid off on Monday. E-commerce giant Shopee has slashed jobs in Singapore amid its latest foray into artificial intelligence, stating that the cuts come after a regular review of business operations. Responding to media queries on Wednesday (Jun 10), a Shopee spokesperson said the company regularly assesses its “staffing needs”.
Tour operators brace for Kakadu site closures 'like COVID all over again'
Parks Australia has announced Jim Jim Falls and Twin Falls will remain closed for the rest of this year's dry season for "critical road and infrastructure upgrades". The body says the decision was made following engagement with Kakadu traditional owners, with upgrades expected to be completed by December. One tour operator says the announcement will hit businesses hard, with his bookings already down 70 per cent.
Washington Nationals apologize to pitcher after firing director who admitted to religious discrimination
The Washington Nationals are in full damage control after an undercover journalist with the O’Keefe Media Group caught now former Director of Community Relations Sean Hudson claiming to be religiously discriminating against Catholic starting pitcher Trevor Williams. On Friday, news broke that the team had fired Hudson. Later that evening, during pregame coverage of the Nationals vs. Padres game, which the Padres later won 7-5, President of Business Operations Jason Sinnarajah addressed the...
Gujarat-origin man pleads guilty in $9.5m gambling racket in US
A Gujarat-origin man residing in the US has pleaded guilty to a multimillion-dollar illegal gambling conspiracy in southwest Missouri. Tushar Patel admitted his role in a racket that generated nearly $9.5 million in illegal proceeds. He faces charges including conspiracy to commit wire fraud, operate an illegal gambling business, and money laundering.
Asian stocks fall as US and Iran exchange fire – business live
Rolling coverage of the latest economic and financial newsElsewhere this morning, WH Smith has said it wants to raise about £100m as the conflict in the Middle East starts to affect its profit. The high street retailer says it will place up to 26 million shares, or about 20% of its existing share capital, alongside a separate offer for retail investors in the UK.The business has a strong core and operates in attractive markets with ample scope for profit expansion, particularly in North...