Techflier

Daniel Terna for BI Tim Ryan, Citi's tech chief, brought Business Insider into the bank's AI strategy. He's focused on scaling AI use and not relying too heavily on metrics for cost or token usage. Ryan has prioritized reducing contractors over full-time employees, as the bank trims headcount. Around 45 minutes into Citi's second-quarter earnings call , when talking about AI efficiencies, the bank's chief financial officer name-dropped another executive: Tim Ryan . Citi is counting on Ryan, the head of technology, to catapult it past an era of outdated technology and regulatory scrutiny, in part by leveraging AI. Ryan oversees the bank's nearly $12 billion tech budget, and said his focus is on making sure Citi's more than 220,000 employees are actually using AI tools. To Ryan, that doesn't mean keeping track of every AI token workers spend the bank's money on, but rather striking the right balance between "metrics and pride." "What we ...

Apple has published the policies governing its upcoming Maps advertising business, revealing a strategy that differs from Google’s. The new rules prohibit home services businesses like plumbers, electricians, locksmiths, and roofers from advertising on Apple Maps, along with several other sensitive categories, suggesting Apple is taking a more curated approach to these ads. from TechCrunch https://ift.tt/RwHx1GY via IFTTT

United is rolling out blocked middle seats in its extra-legroom economy section on new Airbus A321XLRs. It's another version of "Eurobusiness." United Airlines United Airlines will block some middle seats in the extra-legroom section of its Airbus A321XLRs. The setup resembles "Eurobusiness" and will come at an upcharge. Blocking middle seats allows United to staff the fewest flight attendants possible. United Airlines is testing a new premium option in economy class: blocked middle seats. The airline unveiled on Tuesday that some middle seats on its new Airbus A321XLRs would be blocked with a "permanently fixed" tray table separating the window and aisle seats. United said the tray table features a "soft leather-like covering" and "two indentations for cups" and provides shared table space and additional elbow room for passengers. It resembles European-style business class, aka "Eurobusiness." The special row goes on sal...

ANGELA WEISS / AFP via Getty Images The stock market's most hyped offerings this year have struggled since their debut. SK Hynix is the latest example, with the US-listed ADRs down 10% in their second day of trading. The hottest IPOs have arrived at an awkward moment in the market as investors reassess the AI trade. Some of the hottest new listings are having trouble keeping the momentum going after much-hyped debuts. SK Hynix is the latest example of a stock struggling after a splashy initial offering. While technically not a new IPO, momentum behind the South Korean chipmaker's American depositary receipts has fizzled in the days since they were priced last Thursday. The ADRs fell by nearly 10% on Monday after a brutal day of selling dragged the Korean-listed shares down 15%. While the ADRs are still trading slightly above the offering price of $149, they've tumbled sharply from Friday's high around $175 as the chip trade struggles and memory makers fight against do...

Christine Casady has been traveling the world in retirement with her husband, Rick. Provided by Christine Casady. After retiring at 70, Christine Casady has spent the last five years traveling the world with her husband. They no longer have a mortgage or a car, and she now lives out of a 27-pound backpack. She says full-time travel has kept her mentally sharp and physically active in retirement. This as-told-to essay is based on a conversation with Christine Casady, a 75-year-old retiree from the US. It has been edited for length and clarity. My husband is an avid traveler , and thanks to that, we've been traveling extensively for almost three decades. Ten years before I retired, we started taking longer trips, spending a couple of months at a time in a new place. I worked in leadership development, teaching workshops on business writing and presentation skills. It was a contract role, so I could take advantage of the quieter times of the year to travel . My husband, Rick, runs hi...

OpenAI CEO Sam Altman waves to cameras as he arrives for the Allen & Co. conference in Sun Valley, Idaho. Bloomberg/Bloomberg via Getty Images OpenAI said its head of safety systems, Johannes Heidecke, has left. Heidecke is the latest in an ever-growing list of safety team leaders to quit the company. Some departing safety researchers have questioned OpenAI's commitment to developing AI safely. Another leader of OpenAI's safety strategy is leaving, joining an ever-growing list of employees who have left the company's safety and alignment teams in recent years. Johannes Heidecke, the head of OpenAI's Safety Systems team, is departing as the company reorganizes its safety and research work under a single leader. "We're grateful for Johannes' contributions to OpenAI," Mark Chen, OpenAI's chief research officer, told Business Insider. "We're excited for this next chapter under Mia Glaese's leadership across research and safety." ...