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Donald <keyword id="19906203" type="General" weightage="20" keywordseo="Trump" source="keywords">Trump</keyword> and <keyword id="19903807" type="General" weightage="100" keywordseo="Elon-Musk" source="keywords">Elon Musk</keyword> have apparently become great friends over recent months. Musk poured millions of dollars into Trump's successful election campaign and has been a vocal and visible supporter of the president-elect. In return, he's been given a new job, in joint charge of the new <keyword id="23593857" type="General" weightage="20" keywordseo="Department-of-Government-Efficiency" source="keywords">Department of Government Efficiency</keyword> (Doge), where he will be tasked with streamlining government operations and reducing bureaucracy. This "department"—actually an advisory group—will aim to cut unnecessary spending and make the general functioning of the US government more efficient. The idea is that within a federal budget of over US$6 trillion, there are opportunities to make some big savings. Musk's appointment—like many things he's involved with—has sparked controversy. The richest man in the world has already said he wants to cut spending by US$2 trillion (£1.6 trillion) and mentioned setting up a "leaderboard for most insanely dumb spending of your tax dollars.". Some are concerned about the impact he could have on public services. Others fear he will use his position to promote his own business interests. On the positive side, Musk has a very impressive CV when it comes to big organisations. He has created (or co-created) multi-billion-dollar businesses, including Paypal, <keyword id="19895433" type="General" weightage="20" keywordseo="Tesla" source="keywords" meta.keywordsubtype="org" meta.entityname="Tesla" meta.hostid="261" meta.entityid="Tesla">Tesla</keyword>, and <keyword id="19905255" type="General" weightage="20" keywordseo="SpaceX" source="keywords" meta.keywordsubtype="org" meta.entityname="SpaceX" meta.hostid="261" meta.entityid="SpaceX">SpaceX</keyword>. He has founded startups involved in AI (xAI), tunnelling (the Boring Company), and medicine (<keyword id="19985233" type="General" weightage="20" keywordseo="Neuralink" source="keywords" meta.keywordsubtype="org" meta.entityname="Neuralink" meta.hostid="261" meta.entityid="Neuralink">Neuralink</keyword>). And research suggests that much of Musk's success comes down to a relentless focus on efficiency. He has also been praised for the depth of his analytical thinking and innovative problem solving. Tesla's factory in California went from being the least productive car manufacturing plant in the US when it was owned by General Motors to the most productive under Musk's ownership. SpaceX has vastly reduced costs in the space cargo business. So he has form. And Musk is not the first American business leader to offer private sector expertise to the world of politics. Back in the 1960s, Robert McNamara, former president of the Ford Motor Company, served as secretary of defence under presidents John F. Kennedy and Lyndon B. Johnson. McNamara brought significant innovations to <keyword id="22668770" type="General" weightage="20" keywordseo="government-efficiency" source="keywords">government efficiency</keyword> that drew on his corporate experience. He championed cost-benefit analysis and a data-driven approach to decision-making and was keen on reducing bureaucracy and promoting accountability in complex governmental processes. To achieve this, McNamara recruited a team of experts from the worlds of academia and business. Known as the "Whizz Kids," they brought new perspectives to the White House. In the UK now, the Labour government's minister of state for investment is Poppy Gustafsson, a former venture capitalist and tech founder. Its minister for prisons is James Timpson, former CEO of the Timpson Group, a family firm renowned for hiring ex-offenders. These people—and there are many other examples around the world—were brought into the political sphere because of the knowledge and vision they have demonstrated in the private sector. The hope is their talent and leadership will improve policy and practice. <h2>Data-driven reform</h2>The same must be hoped for Musk: that with his co-leader, Vivek Ramaswamy—a biotech entrepreneur and former Republican leadership candidate—he will bring expertise in cost-cutting and innovative strategies. This will probably include comprehensive audits and data-driven approaches to reform. Critics refer to prior examples of Musk's approach, such as the mass layoffs and aggressive cost-cutting measures at Twitter (now X), with concerns that there could be similarly drastic reductions in the federal workforce and public services. But big job cuts were happening across the tech sector at that time. They came in the wake of reduced revenues and a need to reduce bloated workforces and ineffective functions—not unlike the challenges faced by the US government. Nevertheless, while proponents see Musk as an experienced leader capable of streamlining bureaucracy, sceptics fear the advent of harmful austerity measures that risk disruption to essential public programs. Concerns have also been raised about potential conflicts of interest, as Musk's business empire benefits from government contracts. However, since Doge will operate as an advisory body, concerns over him gaining advantage through any self-dealing seem overblown. Besides, two of Musk's companies (SpaceX and Tesla) have been awarded US$15.4 billion (£12.3bn) in federal contracts in the last decade. Perhaps then, success precedes influence rather than the reverse? Doge will also be governed by the Federal Advisory Committee Act, which maintains legal and ethical guardrails. And Congress will have the final say over any decisions. Fears of the worst possible outcome to Musk's appointment are a natural human response in the face of uncertainty. It is part of the reason that negative headlines get more clicks than positive ones. It is also true that Musk has aligned himself with a politician who divides opinion like few others. By leveraging his billions of dollars and 200 million followers on X to help Trump to victory, he made it clear which side he was on. And in a highly polarised US political landscape, the anguish about his governmental role may be little more than a knee-jerk reaction from the millions of people whose side he did not choose.

Love him or loathe him, Elon Musk is a champion of efficiency and could save the US government a fortune

<ul class="summary-list"><li>Sam Altman says he prioritizes talent over age in his hiring decisions.</li><li>He said having a mix of inexperienced and experienced workers is important for tech companies.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/timeline-sam-altman-openai-shock-firing-microsoft-switch-2023-11?r=US&amp;IR=T">OpenAI CEO Sam Altman</a> says his hiring strategy is focused on talent over age.On <a target="_blank" class="" href="https://open.spotify.com/episode/6mvT6nqdjXEGQ83dRrWIKp">an episode</a> of Harry Stebbings's "The Twenty Minute VC (20VC)" podcast, the OpenAI CEO said that companies are best served by hiring a mix of younger, inexperienced people and more experienced people over 30."Inexperienced does not inherently mean not valuable," he said during the podcast episode published on November 4. Altman added it was worth taking a chance on young, high-potential people at the start of their careers as they could end up delivering high value.At the same time, Altman said he wouldn't be comfortable relying on an inexperienced employee who was just starting out for higher-stakes work, such as designing complex and expensive systems."You want both, and I think what you really want is just like an extremely high talent bar of people at any age, " Altman said. "A strategy that says 'I'm only going to hire younger people,' or 'I'm only going to hire older people,' I believe, would be misguided."The job market in Big Tech has become an increasingly polarized space with companies fighting over<a target="_blank" class="" href="https://www.businessinsider.com/ai-talent-wars-big-tech-ceos-recruiting-paying-huge-packages-2024-4"> C-suite-level AI talent</a>, while mid-level and junior employees are facing a more <a target="_blank" class="" href="https://www.businessinsider.com/millennial-cant-find-job-tech-blames-racial-discrimination-ai-2024-9">bleak hiring outlook</a>. Big Tech has been engaged in a talent war for top AI researchers amid an industry-wide AI arms race. In one recent example, Google struck a $2.7 billion deal with AI startup <a target="_blank" href="http://Character.ai">Character.ai</a><a target="_blank" rel="" href="https://www.businessinsider.com/character-ai-in-talks-to-raise-google-2024-2">.,</a> reportedly largely to rehire former Googler Noam Shazeer.In a similar move, Microsoft previously paid Inflection $650 million for a licensing deal and to <a target="_blank" rel="" class="" href="https://www.businessinsider.com/inflection-ai-new-game-plan-mustafa-suleyman-joined-microsoft-2024-5">poach its founders Mustafa Suleyman and Karen Simonyan.</a>However, the battle for high-level talent may not be translating down to more junior employees. The job market appears to have tightened for more junior roles, with <a target="_blank" class="" href="https://www.businessinsider.com/tech-graduate-job-market-ai-layoffs-2024-10">recent graduates recently</a> telling BI that they are facing a tough job market. They blame the rise of AI, offshoring, and tech layoffs for making roles more competitive.In a recent survey of 750 workers struggling to find work in the US, BI found over a dozen recent college graduates said they can't find a tech role, despite relevant internships and bachelor's degrees from top schools.While Altman may prioritize talent over age at OpenAI, some older tech employees say they are <a target="_blank" rel="noopener noreferrer" class="c-link c-link--focus-visible" href="https://www.businessinsider.com/millennials-ageism-tech-jobs-gen-z-boomers-2024-9">experiencing ageism</a> in the workforce. They told BI they are <a target="_blank" rel="noopener noreferrer" class="c-link c-link--focus-visible" href="https://www.businessinsider.com/millennials-ageism-tech-jobs-gen-z-boomers-2024-9#:~:text=John%20Zeman%2C%20a,beyond%20%22mere%20speculation.%22">more at risk of layoffs</a> or have already aged <a target="_blank" rel="noopener noreferrer" class="c-link c-link--focus-visible" href="https://www.businessinsider.com/shocked-when-recruiter-said-too-old-tech-job-ageism-2024-3">out of tech roles.</a>Gen Zers have also <a target="_blank" rel="noopener noreferrer" class="c-link c-link--focus-visible" href="https://www.businessinsider.com/mistake-to-undervalue-gen-zers-in-the-workplace-experts-say-2024-10">previously told BI</a> they experience negative stereotyping in the workplace because they're perceived as "lazy." One 25-year-old worker said they felt they were denied promotions because of their age.

Sam Altman's hiring strategy bets on talent, not age

As the Olympic Games draw to a close, the spotlight not only shines on the athletes competing for glory but also on the transformative role <keyword id="19901571" type="General" weightage="20" keywordseo="technology" source="keywords">technology</keyword> has played in shaping modern <keyword id="20010841" type="General" weightage="20" keywordseo="sports" source="keywords">sports</keyword> and <keyword id="22746553" type="General" weightage="20" keywordseo="training-methodologies" source="keywords">training methodologies</keyword>. Over the past few years, <keyword id="20142309" type="General" weightage="20" keywordseo="innovations" source="keywords">innovations</keyword> such as <keyword id="20624226" type="General" weightage="20" keywordseo="wearable-devices" source="keywords">wearable devices</keyword>, <keyword id="22746554" type="General" weightage="20" keywordseo="performance-analytics" source="keywords">performance analytics</keyword>, and <keyword id="19948295" type="General" weightage="20" keywordseo="virtual-reality" source="keywords">virtual reality</keyword> have revolutionised how athletes prepare for competition, enhancing their training regimens and optimising performance. The intersection of sports and technology is dramatically altering the landscape. From advanced sensors that track physiological metrics to smart equipment that provide real-time feedback, technology has become an integral part of an athlete's toolkit. "Technology fits like a glove in the macro fabric of the modern-day ecosystem of sports performance analysis. It empowers young athletes and coaches by democratising access to pro-level analysis and tools, which helps nurture grassroots talent and instill a sense of competitiveness by providing insights that were traditionally available only to top-tier athletes," said Sudeep Kulkarni, founder and CEO, Game Theory. The sports industry is increasingly leveraging the power of <keyword id="19904566" type="General" weightage="20" keywordseo="artificial-intelligence" source="keywords">artificial intelligence</keyword> (<keyword id="19899640" type="General" weightage="20" keywordseo="AI" source="keywords">AI</keyword>) to transform the way performance is analysed and outcomes are predicted, he said. Athletes can practice against virtual opponents and mimic game circumstances using augmented reality (AR), which aids in developing rapid decision-making under pressure. Stupa Sports Analytics, a sports technology firm based out of Gurugram, recently provided analytics support to the Indian table tennis team at a preparatory camp for the Paris Olympics, which included performance analytics, rally analysis, and AI insights for both players and coaches. "The data helped in articulating strategies to play against the world's best players. Prominent players like Sharath Kamal, Harmeet Desai, Manav Thakker, Manika Batra, Archana Kamath, and Sreeja Akula benefited from these insights, enhancing their preparation and performance," said Megha Gambhir, CEO and co-founder, Stupa Sports Analytics. Augmented Reality (AR) is also enhancing the spectator experience. AR solutions allow fans to access additional information about players and stats during live events. A report from the Capgemini Research Institute revealed that nearly 70 per cent of respondents surveyed (10,000) said that emerging technologies have enhanced their overall viewing experience, both inside and outside the stadium. Emerging technologies are undeniably the future of sports, and at the forefront of this golden era are tech startups. The integration of technology in sports through startups is reshaping how athletes train, compete, and engage with fans. These startups are driving innovation and setting new standards in the sports industry. Founder and general partner at Centre Court Capital, a gaming and sports tech VC, Mustafa Ghouse said sports tech startups are increasingly becoming target sectors for venture capital due to the vast potential for innovation and growth in the sector. "In India, the interest is becoming more pronounced, particularly in niche areas of sports technology. In the last three years, India saw investments of USD 1.2 billion in sports tech. India is also the 3rd largest funded country in sports tech after the US between 2018 through 2022 followed by China," he said. Indian sports tech startups are starting to attract attention from global investors alongside domestic investors, Ghouse added. "The increasing allocation of media rights and the surge in digital consumption of sports content are driving demand for advanced tech requirements. This, coupled with the proliferation of smart devices and internet connectivity, sets a fertile ground for sports tech startups to flourish and draw substantial investment," he said.

Tech innovations, AI changing the game for modern sports, training methodologies

<ul class="summary-list"><li>Careers in AI are trending but the market is competitive for people with those skills.</li><li><a target="_blank" class="" href="https://www.businessinsider.com/google">Google</a> AI specialist Yann AïtBachir suggests building a strong foundation in technical skills.</li></ul>This as-told-to essay is based on a conversation with Yann AïtBachir, an AI specialist at Google based in Singapore. This essay has been edited for length and clarity. Business Insider has verified his identity and employment.Just under two months ago, I started working as an AI specialist at Google. That means that I'm helping companies build AI strategies and implement them using Google products.Twenty years ago, only big military groups were hiring for AI. I worked mostly in startups and small companies early in my career. Most of my work at the time was about data analysis, data engineering, or data science.<a target="_blank" class="" href="https://www.businessinsider.com/ai-chatgpt-jobs-career-growth-linkedin-tech-salaries-2023-11">With the AI boom of the last three or four years,</a> the number of jobs and opportunities that are more AI-dedicated has increased a lot. Now many companies are investing into it and are transforming their operations and business using AI.If I were to give <a target="_blank" class="" href="https://www.businessinsider.com/ai-top-skills-you-need-get-job-2024-7">advice to someone looking to build a career in AI</a>, this is what I would say.<h2 id="9c9d92f2-9756-4911-ad3f-ce83141a987d">Come in with strong technical skills</h2>While I studied AI 20 years ago, the fundamentals haven't really changed. When you look at the system today compared to back then, the maps are the same, the statistics are the same, the probability is the same, and even the computer science system is the same.<a target="_blank" class="" href="https://www.businessinsider.com/google-research-head-career-advice-learn-to-code-2024-11">You need to have very strong fundamentals</a> in math, statistics, and computer science because all of the algorithms — even the recent ones — are built on the same core concepts.AI is moving fast, and having a strong foundation helps you to pick up new changes faster because the concept behind the work is the same. That allows you to stay relevant.While technical skills are important, they are not enough, especially as you grow in your career. No career is built in isolation. For you to be successful, you need to be able to collaborate with others.<h2 id="da10edd0-14f2-4c3d-8a6d-0cb54629cfc2">Don't jump immediately into Big Tech</h2>If you want to grow a career in AI now, <a target="_blank" class="" href="https://www.businessinsider.com/ai-tech-jobs-basic-coding-programming-skills-education-needed-recruiters-2024-8">it's about how you'll be different.</a> You need to specialize in one area of AI because it's quite a wide scope with generative AI, predictive AI, and natural language. Now, if you want to be successful, you need to be more specialized.There are many different roles that you can do. You can be an engineer, you can be a researcher, you can work on product management, or you can have a role that is more consumer-facing. So I advise everyone, especially early in their career, to start being an explorer. Try different things, experiment, and discover really what excites you and interests you.I recommend not jumping immediately into Big Tech early in your career. The reason for that is because a career is very long. It's not really a sprint, it's a marathon. You might not know exactly what you like to do and you might change as you are getting older.I think that you have much more opportunity to grow and to discover when you work in a smaller company. You will be exposed to a much wider scope of work. After, if you really want to specialize in one area, a Big Tech company can help you narrow your scope and go even deeper in some areas.

I'm an AI researcher at Google and I've worked in the industry for 20 years. This is my advice for people entering the field.

<keyword id="19895282" type="General" weightage="20" keywordseo="mumbai" source="keywords">Mumbai</keyword>, The cost of a representative home-cooked vegetarian thali has witnessed a 5 per cent on-year increase in January, while that of the non-veg thali declined 13 per cent, a report said on Wednesday. According to <keyword id="20489875" type="General" weightage="20" keywordseo="crisil-market-intelligence-and-analytics" source="keywords">Crisil Market Intelligence and Analytics</keyword> (MI&amp;A) Research '<keyword id="20489770" type="General" weightage="20" keywordseo="rice-roti-rate" source="keywords">Rice Roti Rate</keyword>' estimates, the rise in prices of ingredients like pulses, rice, onion and tomato made home-cooked veg thali costlier in January, while decline in poultry rates helped in the fall in non-veg thali rates. The cost of the veg thali increased due to a surge of 35 per cent and 20 per cent year-on-year in prices of onion and tomato, respectively, said the report. Prices of rice (accounting for 12 per cent of the <keyword id="18314113" type="General" weightage="20" keywordseo="veg-thali-cost" source="Orion">veg thali cost</keyword>) and pulses (9 per cent) also increased by 14 per cent and 21 per cent y-o-y, respectively, it added. Meanwhile, the decline in the cost of the non-veg thali was due to a 26 per cent fall in broiler prices in January, compared to the same month last year, amid higher production, the report stated. However, sequentially, the cost of the veg and non-veg thalis fell 6 per cent and 8 per cent, respectively. The ease in cost was due to a decrease of 26 per cent and 16 per cent month-on-month prices of onion and tomato, respectively, with higher domestic supply of onion amid export curbs and fresh tomato arrivals from the northern and eastern states, the report said. The cost of the non-veg thali declined faster due to an 8-10 per cent month-on-month dip in prices of broilers, which account for 50 per cent of the cost, it added.

Rising tomato & pulse prices push up veg thali cost in January, but non-veg thali costs come down

<ul class="summary-list"><li>The stock market is hovering near record highs after getting a boost from Donald Trump's election win.</li><li>Bonds, meanwhile, have seen a sharp sell-off since the election.</li></ul>With market enthusiasm around Donald Trump's presidential election victory pushing <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/trump-election-win-stock-market-today-record-high-sp500-dow-2024-11">stocks</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/bitcoin-record-price-outlook-crypto-trump-election-digital-assets-altcoins-2024-11">crypto</a> to record highs. JPMorgan says investors looking for signs of rally fatigue should be watching the Treasury bond market.In new research, the firm's equity-strategy team pinpointed the 5% level on the 10-year Treasury yield as a possible inflection point for US equities. It is currently trading at about 4.3%."We think that around 5% the impact of bond yields on equity valuations starts to turn, from positive/reflationary one, into the rising concerns over the sustainability of the upcycle and the increasing risk of accidents," the team, led by head of global equity strategy Mislav Matejka, wrote on Monday.Government-bond yields went on a tear following Trump's win on expectations that the president-elect's immigration and protectionist trade policies would <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-election-win-high-inflation-risk-tariffs-deportations-taxes-2024-11">drive inflation</a>, forcing the Federal Reserve to rate rates. The 10-year note surged as much as 21 basis points to 4.47% on November 6, the day after the election.Adding to upward pressure on bond yields is the prospect that so-called "bond vigilantes" could register their displeasure with a ballooning federal deficit by selling Treasurys."If the Trump administration runs excessively stimulative fiscal policy, with lots of spending and tax cuts, leading to even wider deficits, I think then that may cause the bond vigilantes to push yields up to levels that create problems for the economy," Ed Yardeni, the president of Yardeni Research, <a target="_blank" class="" href="https://www.nytimes.com/2024/11/09/business/dealbook/trump-economy-bonds.html">told DealBook</a> on November 9.In the absence of a move above 5% in the 10-year Treasury, JPMorgan says the market's near- to medium- term direction will be dictated by which policies Trump prioritizes.JPMorgan sees struggles in stocks if the elect's second term kicks off with immigration curbs and higher tariffs. Meanwhile, Trump focusing on tax cuts would be a stocks-positive outcome, the firm said.

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Love him or loathe him, Elon Musk is a champion of efficiency and could save the US government a fortune

PTI

Sam Altman's hiring strategy bets on talent, not age

Beatrice Nolan

Tech innovations, AI changing the game for modern sports, training methodologies

PTI

I'm an AI researcher at Google and I've worked in the industry for 20 years. This is my advice for people entering the field.

Ana Altchek

Rising tomato & pulse prices push up veg thali cost in January, but non-veg thali costs come down

PTI

JPMorgan says watch this market threshold for when the Trump bump in stocks will end

Filip De Mott

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