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CEO Picks - The best that international journalism has to offer!  S14Move Over Apple, Nvidia Set to Become the Second Most Valuable Company  Shares of Nvidia rallied to record highs on Wednesday, with the AI chipmaker's stock market valuation on the verge of hitting the $3 trillion mark and overtaking Apple to become the world's second most valuable company.Nvidia's stock has surged 145 percent so far in 2024, with demand for its top-of-the-line processors far outstripping supply as Microsoft, Meta Platforms and Google-owner Alphabet race to build out their AI computing capabilities and dominate the emerging technology.
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S8S9S102024's summer solstice is Earth's earliest since 1796 On average, the summer solstice occurs on June 21 of most years, as the Earth’s north pole is tilted maximally toward the Sun at a particular moment on that day. As the Earth revolves around the Sun over the course of a year, its axis remains pointed in the same direction, so that the orientation of Earth in space goes through a cycle:The equinoxes and solstices given here apply to the northern hemisphere; in the southern hemisphere, seasonal equinoxes and solstices are opposed, as seasons are determined by the direction that Earth’s south pole points, rather than the north pole.
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S11Skill-building to the max: Why fluid "scaffolding" is essential While we can go it alone when it comes to challenge, the research clearly shows that we often shouldn’t. As you get into a bit of hot water while trying to get better, you have to focus. Intently. And it’s often harder than we expect to maintain that focus and self-control in the right ways for the right amount of time to get better. With an expert’s help, we can take on more challenge and get more skill out of it. This conclusion is central to the heap of rigorous research on how kids build skill. Early in the twentieth century, but in only the last few years of his short life, psychologist Lev Vygotsky introduced a powerful idea, which he called “a zone of proximal development.” Vygotsky spent many hours studying the effects of school instruction. He found that whatever the lesson—say reading—kids could do some things unaided, couldn’t do some things at all, but there was an interesting middle ground where they could do some tasks with guidance. He called this interesting middle a zone of proximal development and inspired generations of educational researchers to study how teachers could most effectively help kids enter this zone and get the most from it. Self-directed learning was all the rage back then—this was when Montessori and Waldorf-style schools surged in popularity—and he believed there was an important role for just the right kind of guidance on tasks.
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S12Here's why China's economy is stumbling -- but not about to fall On January 29, 2024, a court in Hong Kong ordered Chinese real-estate giant Evergrande Group to begin liquidating its assets. The company, founded in 1996, had taken advantage of China’s decades-long real estate boom, quickly becoming the biggest developer in the world. But by 2024, it had also become the most debt-ridden. Prohibited from borrowing more money to complete its construction projects — 1,322 according to statistics from the China Index Academy — Evergrande’s empire crumbled, sending shockwaves throughout the Chinese economy and, by extension, the world.For years, it seemed like the only direction the Chinese economy could go was up. Once one of the poorest countries on Earth, China underwent an unprecedented transformation following the market-oriented reforms of CCP Chairman Deng Xiaoping, who, reminiscent of Vladimir Lenin’s short-lived New Economic Policy, opened up its state-owned markets to private enterprise. The growth kickstarted by these reforms, implemented in the 1970s, lasted well into the late 2010s. During this time, the Chinese economy consistently grew at a much faster pace than the U.S. or Western Europe, elevating the lion’s share of its 1.4 billion citizens from lower to middle class.
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S13Autonomous Vehicles Aren't Going Anywhere Without Nvidia The Taiwanese company supplies startups with the microchips that form the infrastructural backbone of the AI revolution. It has an ever-present grip on demand for the monstrous computing power necessary to build generative AI tools. Among those tools are autonomous vehicles. Company CEO Jensen Huang said as much in Nvidia's most recent earnings call, telling shareholders that Nvidia microprocessors are vital for around 20,000 startups--including automotive companies. It wasn't the first time a Nvidia executive hyped the company's role in bringing the futuristic technology to life. In February, CFO Colette Kress said on a separate investor call: "Nearly every automotive company working on AI is working with Nvidia."
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S15From Downeast to Outer Space: bluShift Aerospace Setting Up in Maine Brunswick-based bluShift Aerospace hopes to turn Maine into a hub for the launching of commercial nanosatellites and has been making progress toward that goal for more than three years. A successful recent round of fundraising means commercial suborbital launch is on track to start in 2025, company officials said Tuesday.The small satellite market currently relies on large companies, such as Elon Musk's SpaceX, for deployment of satellites, and that leads to long wait times, said bluShift CEO and founder Sascha Deri. Launching small satellites from Maine can change that, Deri said."We see an enormous need for dedicated, small-lift satellite deliveries to space," Deri said, adding that customers are "seeking rapid, affordable access to space and direct delivery to their desired orbit."
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S16Tariff Hike on U.S. Energy Secretary Jennifer Granholm said on Tuesday quadrupling import duties on Chinese electric vehicles to over 100 percent in August as planned is crucial to the health of the U.S. auto sector."We need to have this industry here. And if we didn't do that, we would just be ceding the entire territory to China like we saw happen with solar panels," Granholm said in an interview Tuesday with Reuters reporters and editors.
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S17SpaceX's Next Starship Rocket Test Gets FAA Go-Ahead The U.S. Federal Aviation Administration (FAA) on Tuesday said it issued a license for SpaceX's fourth flight of its Starship rocket system, another test mission along the company's path to building a reusable satellite launcher and moon lander.SpaceX, owned by Elon Musk, is aiming to launch its nearly 400-foot-tall, two-stage Starship as early as Thursday at 7 a.m. CDT from its rocket facilities in south Texas, from which past flights in the company's test-to-failure development campaign have launched.
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S18Musk Confirms He Gave Tesla CEO Elon Musk redirected a shipment late last year of Nvidia's artificial intelligence chips to the social media platform he owns, X. The chips are crucial to Musk's ambitions to make Tesla into an AI and robotics company, a controversial strategy that is tied to an ongoing dispute over his compensation package. His choice to redirect them from Tesla stokes critics' concerns over Musk's split leadership duties.CNBC initially reported the H100 chip redirect, based on an internal Nvidia memo from December, which also noted that two subsequent shipments (in January and June) of chips, originally intended for X, would be given to Tesla.
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S19Small, Local Businesses May Have New Opportunities to Get Into Sam's Club Stores After hosting an open call with local suppliers in Texas last month, Walmart selected about 20 region-specific products--chosen from more than 350 attending brands--to be stocked in Sam's Club locations across the state, Bloomberg reported on Monday. The products, including Yellowbird hot sauce and Culinary Cowgirls queso, will be in Texas stores later this year. This isn't the first time Walmart has made an effort to bring small businesses into its stores. Walmart's annual Open Call in Bentonville, Arkansas, invites American entrepreneurs and business owners to pitch their products to Walmart and Sam's Club merchants, but its May event was the company's first Texas-specific event. Sam's Club executives told Bloomberg that the next local supplier open call is planned for California, with events in other states to come.Â
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S20The Hottest New Wearable Might Be One That Workers Wear in Scorching Heat Welcome to this week's Founder Focus! I'm Melissa Angell, Inc.'s policy correspondent, and each week I'll be dissecting some of the top policy issues small businesses face. You can sign up to get this in your inbox every week here.Cities such as San Antonio are reckoning with excessive heat that's touching triple-digits this week as temperatures continue to smash records around the globe. While those high temperatures were first observed within historically hot spots like California, Arizona, and Nevada, the National Weather Service is seeing the heat scorch other states out West as well.
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S21Derecho Devastation Underscores Need for Disaster Preparation Businesses in Texas and Louisana continue to see the fallout from a destructive derecho, a type of violent storm which first hit the Gulf Coast on May 16, and subsequent strorms that left more than one million homes and businesses without power in the Houston area alone. "You could see the sky darkening, you thought a storm was coming, but you didn't really think much of it," says Kris Larson, president and CEO of Central Houston, a nonprofit that advances the vision for downtown Houston. "You thought it was going to be your average summertime thunderstorm, and it turned into something very different very fast."
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S22This 7-Word Quote From D-Day Will Inspire You to Be a Better Leader. Here's the Story Behind It People might have a sense of what the invasion of Normandy was like from movies: Saving Private Ryan, Band of Brothers, maybe The Longest Day. I'll embed the Saving Private Ryan beach scene at the bottom of this newsletter, just in case.There are many stories, and one of them has stuck with me for years. In fact, there's an inspiring, 7-word quote from this story that I've found myself using in many different contexts -- inspiring myself at least, and hopefully other people.Â
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S23Onboarding New Employees in a Hybrid Workplace As you’re navigating hybrid work, it’s a good moment to assess how your onboarding processes enable or empower your new hires to thrive. Researchers at Microsoft have conducted and identified studies that suggest that onboarding to a new role, team, or company is a key moment for building connections with the new manager and team and doing so a few days in person provides unique benefits. But just requiring newcomers to be onsite full time doesn’t guarantee success. The authors explain and offer examples of how onboarding that truly helps new employees thrive in the modern workplace is less about face time and more about intention, structure, and resources.
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S24Deloitte's Pixel: A Case Study on How to Innovate from Within In 2014, Deloitte launched Pixel to facilitate open talent and crowdsourcing for client engagements that need specific expertise — like machine learning or digital production. But uptake across the organization was slow, and some internal stakeholders resisted outsourcing consulting work to freelance talent.
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S25How to Future-Proof Your Strategy Scoblic is a co-founder and principal of the consultancy Event Horizon Strategies. In this episode, he explains how thoughtful and ongoing scenario-planning exercises can help organizations decide which investments will allow them to thrive — even in a crisis. He also shares how to balance short-term factors with longer term modeling and why it’s so important to ensure that your planning team is truly diverse. As he says, “This is a case where diversity absolutely matters, in all senses of the word, because what you want is to get people to think outside of the box. It’s very difficult to do that if you don’t recognize the box that you’re in.”
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S26The Importance of Setting Boundaries with Your Mentor In a mentorship, having clear boundaries — along with responses to share when those limits are transgressed — is important for safeguarding your mental health, your privacy, and your productivity. To establish them, have a conversation with your mentor, preferably at the start of the relationship. You can start by flipping the script and asking your mentor about their boundaries first: “Since this is all new, though, I wanted to ask: What boundaries do you want to have around our mentoring relationship?” Listen to their answers, taking the opportunity to weigh in about your own boundaries as they share. If your mentor says, “I really like to keep the details about my personal life out of work,” you can weigh in, “Okay, that’s good to know. I’m an open book, so I don’t mind sharing if you have questions.”
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S27Research: Why We Choose the Hard Way to Do Tedious Tasks In life and at work, we often get stuck persisting in unpleasant activities even when more enjoyable and equally effective alternatives exist. Research shows this happens due to “entrenchment,” where repeating an activity blocks consideration of better options and makes you more likely to keep doing it. The author’s research focuses on enhancing well-being by limiting over-persistence in these tasks and suggests solutions that include reducing repetition, dividing attention, and alternating tasks to break the cycle of entrenchment. By adopting strategies to prevent entrenchment, individuals and organizations can increase employee satisfaction and efficiency.
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S28The church of Roblox: How young Filipino Catholics are building more inclusive spaces Manila’s Quiapo Church is the home of the Black Nazarene, a dark statue of Jesus Christ that is said to have miraculous powers. The church, founded more than 400 years ago, is revered by the nation’s faithful, including the Roblox Filipino Catholics, who built a replica of it on the online gaming platform.With its make-believe stained glass windows and marble floors, it is one of several replicas of Filipino churches built in exacting detail in the Lego-like aesthetic of Roblox. On a recent Sunday, 50 avatars sat in the pews of the virtual Quiapo Church, listening to a homily delivered by a member of the Roblox Filipino Catholics group role-playing as a priest.
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S29S30The Age of the Drone Police Is Here A WIRED investigation, based on more than 22 million flight coordinates, reveals the complicated truth about the first full-blown police drone program in the USâand why your city could be next.On a Wednesday afternoon in August, Daniel Posada and his girlfriend were screaming at each other at a bus stop when someone called 911. From a rooftop a mile away, the Chula Vista Police Department started the rotors of a 13-pound drone.
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S31Google's AI Overview Search Results Copied My Original Work Last week, an AI Overview search result from Google used one of my WIRED articles in an unexpected way that makes me fearful for the future of journalism.I was experimenting with AI Overviews, the companyâÂÂs new generative AI feature designed to answer online queries. I asked it multiple questions about topics IâÂÂve recently covered, so I wasnâÂÂt shocked to see my article linked, as a footnote, way at the bottom of the box containing the answer to my query. But I was caught off guard by how much the first paragraph of an AI Overview pulled directly from my writing.
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S32When a Video Game Developer Gets Outed as Abusive, What Happens Next? Jonathan's actions were irrefutable: Over the course of nearly a decade, while working at a video game developer, he sexually assaulted industry colleagues. One victim came forward, posting their story to social media; others followed with stories of their own. The consequences were swift. Colleagues, friends, and peers disavowed him. He stepped away from his job and retreated from the public eye.Jonathan, who asked that WIRED not reveal his identity, no longer works in the video game industry. His decision to remain apart from the community, he says, is the direct result of his actions. "I made the choices I did, and I needed to hold the burden of those consequences," he says. Had he remained in games, he felt he would be placing an unfair burden on his colleagues, as well as making the lives of those he abused more difficult.
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S33S342024 Ford Mustang Mach-E Rally First Drive: Price, Specs, Availability Is there a more natural place for someone to really floor it for the first time in an electric car than the ballyhooed DirtFish Rally School outside Seattle, Washington? With the gravel wet from a day of cool, classic, spring Pacific Northwest rain? Surely there must be.And yet, here I am, behind the wheel of the 2024 Ford Mustang Mach-E Rally, politelyâand clearly all too slowlyâfollowing directions as a very patient rally instructor asks me to "really punch it this time." Shortly after this instruction, and nearly on purpose, I drive sideways.
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S35S36S37Marc Andreessen Once Called Online Safety Teams an Enemy. He Still Wants Walled Gardens for Kids In his polarizing "Techno-Optimist Manifesto" last year, venture capitalist Marc Andreessen listed a number of enemies to technological progress. Among them were "tech ethics" and "trust and safety," a term used for work on online content moderation, which he said had been used to subject humanity to "a mass demoralization campaign" against new technologies such as artificial intelligence.Andreessen's declaration drew both public and quiet criticism from people working in those fieldsâincluding at Meta, where Andreessen is a board member. Critics saw his screed as misrepresenting their work to keep internet services safer.
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S38Your Career Doesn't Need to Have a Purpose Outside of popular anecdotes and social media stories, there is little evidence that a single, defined “purpose” is necessary for a rewarding career. In fact, it can be quite the opposite. It’s surprisingly common to go after what we think is our purpose only to discover that we hate it. Instead, shift your focus from “purpose” to “meaning.” Ask yourself:
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S39MLB Analytics With Scott Powers Wharton’s Cade Massey, Adi Wyner, and Shane Jensen speak with Scott Powers, professor of sports analytics at Rice University, about MLB analytics, WAR leaderboard, importance of the timing of RBI when it comes to statistical value, team expectations, and more.©2024 Knowledge at Wharton. All rights reserved. Knowledge at Wharton is an affiliate of the Wharton School of the University of Pennsylvania.
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S40S41S42Canada demands 5% of revenue from Netflix, Spotify, and other streamers Canada has ordered large online streaming services to pay 5 percent of their Canadian revenue to the government in a program expected to raise $200 million per year to support local news and other home-grown content. The Canadian Radio-television and Telecommunications Commission (CRTC) announced its decision yesterday after a public comment period.
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S43Toyota tests liquid hydrogen-burning Corolla in another 24-hour race A couple of weekends ago, when most of the world's motorsport attention was focused on Monaco and Indianapolis, Toyota President Akio "Morizo" Toyoda was taking part in the Super Taikyu Fuji 24 Hours at Fuji Speedway in Japan. Automotive executives racing their own products is not exactly unheard of, but few instances have been quite as unexpected as competing in endurance races with a hydrogen-burning Corolla.
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S44The Motorola Edge 2024 comes to the US for $550 Motorola's newest phone is the Motorola Edge 2024. This is a mid-range phone with the new Qualcomm Snapdragon 7s Gen 2. It costs $550 and will be in stores June 20. Every Motorola phone nowadays looks exactly the same, but Motorola assures us this is new.
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S45Mystery object waits nearly an hour between radio bursts Roughly a year ago, astronomers announced that they had observed an object that shouldn't exist. Like a pulsar, it emitted regularly timed bursts of radio emissions. But unlike a pulsar, those bursts were separated by over 20 minutes. If the 22-minute gap between bursts represents the rotation period of the object, then it is rotating too slowly to produce radio emissions by any known mechanism.
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S46S47S48S49Russian agents deploy AI-produced Tom Cruise narrator to tar Summer Olympics Last year, a feature-length documentary purportedly produced by Netflix began circulating on Telegram. Titled “Olympics have Fallen” and narrated by a voice with a striking similarity to that of actor Tom Cruise, it sharply criticized the leadership of the International Olympic Committee. The slickly produced film, claiming five-star reviews from the New York Times, Washington Post, and BBC, was quickly amplified on social media. Among those seemingly endorsing the documentary were celebrities on the platform Cameo.
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