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Paloma Canseco has applied to 250 jobs since July. She's tweaked cover letters and filled out long, monotonous forms on different companies' internal <a target="_blank" class="" href="https://www.businessinsider.com/jobseekers-recruiters-hiring-broken-ai-bots-resumes-interviews-spam-bias-2024-5">job postings</a>. And last week, she got a call back from a recruiter about a graphic-design job. Robin was polite and friendly on the phone, asking Canseco open-ended questions, like, "Tell me about your last project and what you liked about it." But Robin wasn't a person. It was an <a target="_blank" class="" href="https://www.businessinsider.com/ai-power-list-2024">AI recruiter</a>.Canseco hung up. "This is meant to be a conversation," she tells me. "I'm not going to spend my time with this recruiting company if they don't hire actual recruiters." It takes her half an hour to apply to each job on average, she says, and putting that effort in only to be met with an automated response feels like an insult.Job hunting has never been fun, but the process "feels broken," says Rohan Rajiv, the head of career products at<a target="_blank" class="" href="https://www.businessinsider.com/americas-hottest-comedy-club-linkedin-satire-unhinged-ceos-2024-10"> LinkedIn</a>. According to the company's data, job applications are up 20% since last year. It's an intense and frustrating process. And LinkedIn wants to fix the disconnect, in part by fighting AI … with AI.Earlier this year, the company rolled out new AI tools to premium subscribers. People could open a chat window and ask a chatbot whether they were a good fit for a job based on their profile and the job description. Then, this summer, LinkedIn unveiled an update that would use <a target="_blank" class="" href="https://www.businessinsider.com/companies-using-ai-bain-survey-roi-2024-6">generative AI</a> to quickly write cover letters based on job descriptions and a user's profile. I tried it and found the results weren't bad — a cover letter may just need a few tweaks or extra personalization before it sounded like me.In the coming weeks, LinkedIn will begin making its AI <a target="_blank" class="" href="https://www.businessinsider.com/careerist-corporate-ladder-decline-promotions-work-ethic-american-dream-2024-10">job-matching</a> tools widely available to all users, Rajiv tells me. They can visit any job listing and ask LinkedIn to show how they match up, and generative AI will detail how well they fit the role and break down how a recruiter may evaluate their profile. The hope is that with more transparency, people will apply to fewer jobs — but ones that better fit their qualifications — and stop "swinging at every <a target="_blank" class="" href="https://www.businessinsider.com/ai-fintech-reflexivity-pitch-deck-raise-30-million-series-b-2024-10">pitch</a>," Rajiv says, adding: "It's natural to make quantity and volume your friend. But the greater the volume, the tougher the match."The age-old career advice that there's no harm in trying, it turns out, has a limit that we've stretched past the point of insanity. Can LinkedIn save us from hiring hell?Only 30 years ago, most people largely found jobs through their networks, career fairs, and newspaper ads. Monster launched its job board in 1994, and <a target="_blank" class="" href="https://www.businessinsider.com/how-linkedin-got-weird-work-life-blurred-lines-of-oversharing-2023-9">LinkedIn</a> came around about a decade later. Recruiting software and AI, which seemed like opportunities to streamline the process, have in some ways further complicated the art of landing a good gig. Applicants are asked to fill out long forms that repeat the information already outlined on their résumés and LinkedIn profiles, in what seems like an endurance test of their ever-depleting sanity. Sites like LinkedIn are great for searching tons of relevant job openings in one place, but people can end up overapplying, casting a wide net to roles that might not be the best fit.That's particularly true for some using LinkedIn's Easy Apply feature or generative-AI tools that help them mass-apply. In a ZipRecruiter survey last year, 25% of respondents who had gotten new jobs said they used AI to help them. Following the peak of the pandemic, people were looking to quit and change jobs during the "<a target="_blank" class="" href="https://www.businessinsider.com/quiet-quitting-hustle-culture-coasting-viral-work-debate-2022-9">Great Resignation</a>" at the highest rates since the US Bureau of Labor Statistics began tracking the data in 2000. That means more people are entering this chaotic job market and dealing with the pain points over and over. All those hopeful (or half-assed) résumés also hit a wall of overwhelmed recruiters. Some use AI to try to reduce the noise. In a Society for Human Resource Management survey of companies that use AI in recruiting, nearly 65% of respondents said they used it for writing job descriptions, 34% said they used it to review and scan résumés, and 33% said they used it to communicate with applicants throughout the process. Other recruiters are wary of the tech because we still don't know enough about how those tools make the decisions they do. And automated human-resources tech has a history of favoring men over women, as well as down-ranking résumés with Black-sounding names or those with employment gaps.The fatigue has fully hit job seekers. This week, in a post that went viral on LinkedIn, Hayley Finegan, an HR professional, posted an "open but picky" banner on her LinkedIn profile, poking fun at the "<a target="_blank" href="https://www.businessinsider.com/linkedin-open-to-work-banner-badge-job-pros-cons-2024-9">open to work</a>" LinkedIn banner, which some job seekers see as desperate and cringeworthy. "I've applied for exactly three jobs, and that's because I'm holding out for the right one," she wrote. "I'm not here to take just any job — I'm here for the right role." Capturing the overworked-job-seeker mentality, the post quickly went viral. (Finegan did not respond to a request to be interviewed for this story.)<a target="_blank" class="" href="https://www.businessinsider.com/hiring-slump-professional-white-collar-jobs-recession-high-salary-2024-4">Job seekers</a> and recruiters are caught in what feels like a never-ending loop. The two may seem pitted against one another, with applicants trying to figure out how to get past the recruiter and get paid, and recruiters working to suss out who's fluffing up their résumé or even lying. Both are increasingly ghosting one another. In reality, they want the same thing: a good job match for the least amount of effort. There may be no perfect number of jobs to apply to: Indeed recommends people apply to about 15 jobs a week, or two to three each day. But the average recruiting time for a job is going up, hitting 44 days in early 2023, the human-capital advisory firm The Josh Bersin Co. found. And there's not enough transparency in what's driving the decision-making.For people who haven't updated their profiles, provided as many details about their skills, or posted to the feed, tools like LinkedIn's may not work as well to fully show their qualifications. But Rajiv says the company's AI tool will synthesize not just a person's highlighted skills but other data, like posts they share to the feed, which can include other skills they have. LinkedIn is also shaking things up on the recruiter side. Starting Tuesday, some recruiters can use the company's hiring assistant, a tool where they upload job descriptions and have generative AI synthesize qualifications for the role and build up a roster of candidates.The best tool for job hunters is speed. They need to see jobs soon after they're posted and apply, and that gives them a better chance than applying for hundreds or thousands of jobs. AI may help notify candidates when the right positions are posted. Find that perfect job quickly "can happen, and increasingly it will as these algorithms get smarter," says Julia Pollak, ZipRecruiter's chief economist. ZipRecruiter also rolled out revamped AI tools to help job seekers find better matches this summer. And earlier this year, Indeed began offering an AI tool to better recommend job candidates to recruiters.Some recruiters say that AI isn't capturing the full picture of candidates. Millie Black, a principal technical recruiter at Techtrust, says she's passionate about AI's potential. But she says she's found that tools like <a target="_blank" class="" href="https://www.businessinsider.com/another-safety-researcher-is-leaving-openai-2024-10">ChatGPT</a> don't "read between the lines" and overlook some skills that may make a candidate a great fit, even if they aren't the ones directly listed. The same has happened for certain LinkedIn searches, she says. It's something she could figure out because she has in-depth knowledge of the specialized tech jobs she recruits for. When searching for the one person on the planet who can do the role, recruiters still have to pore over résumés.But Black also says she's seen an uptick in fake candidates lately. At times, she's had to ask candidates for identification documentation before even sending them through the process, or prescreen people on video calls "just to see a face," she adds. As she's recruiting for high-paying, US-based jobs that offer remote work, scammers are more common. "My whole job is to beat" down the fakers before they make their way to the hiring managers. She has also learned to add questions to try to weed out less serious applicants. "If you just throw a job up as Easy Apply and don't add pre-screening questions, you get way too many people," she says.Canseco has not yet tried LinkedIn's AI tools because she isn't a premium user, but she could get access to them soon. When she applies for jobs, she often uses LinkedIn and tries to reach the company directly, to stand out. One recruiter at a job she recently applied to told her she was among 3,000 applicants they had received in that week.<a target="_blank" rel="" class="" href="https://www.businessinsider.com/author/amanda-hoover">Amanda Hoover</a> is a senior correspondent at Business Insider covering the tech industry. She writes about the biggest tech companies and trends.

LinkedIn thinks it has the solution to our hiring crisis

<ul><li><keyword id="20940216" type="General" weightage="20" keywordseo="Synology" source="keywords" meta.keywordsubtype="org" meta.entityname="Synology" meta.hostid="261" meta.entityid="Synology">Synology</keyword> has showcased its upcoming enterprise solutions in India.</li><li>The Taiwanese <keyword id="20653112" type="General" weightage="20" keywordseo="storage-solutions" source="keywords">storage solutions</keyword> provider has revealed its enterprise-level solution blueprint for India.</li><li>The company has announced new GenAI-powered features for its Office Suite.</li></ul> Taiwanese storage solutions provider Synology has launched its new enterprise-level solution blueprint in India at its Synology Solution showcase held in India. The announcement comes as the first enterprise application blueprint in India and is a significant part of the company’s expansion plans in India. Since 2021, the company has recorded a 600% growth in business sector revenue in India, contributing to a total revenue growth of 350%. The company showcased its latest offerings in data protection, storage, and surveillance, emphasizing solutions designed to address the growing demands of modern enterprises. <h2>Synology showcases new products</h2>The company showcased its upcoming products, including the ActiveProtect appliances, which were first<a href="https://www.businessinsider.in/tech/news/synology-introduces-new-products-aimed-at-data-protection-and-scalability/articleshow/110711086.cms"> announced</a> during the company’s Synology Solution Exhibition 2024. The ActiveProtect lineup includes dedicated backup systems that are optimised for rapid deployment and scalability. This backup solution is aimed at simplifying deployment and it can manage up to 2,500 multi-server environments across multiple sites. <div type="Article" hostid="261" msid="111748677" title="Synology bets big on the Indian market amid strong growth, growing demand" mstype="2" mssubtype="0"></div> “The ActiveProtect series focuses on data recovery and immutability, making it a reliable tool for IT professionals to ensure data security. Its multi-site friendly design aligns perfectly with India's business structure,” said Russell Chen, country manager, SAARC Region, Synology. The company also showcased its scale-out storage solutions and advanced surveillance solutions at the event. “Driven by the demand of technology trends, such as AI, IoT, digital transformation, and so on, Synology has performed exceptionally well in the Indian enterprise market, especially in sectors like government, manufacturing, and media and entertainment. Moving forward, we will continue to dedicate ourselves to meeting the modern storage needs of growing enterprises,” said Michael Chang, APAC sales head, Synology. The developing scale-out solution delivers scale-out storage, supporting both file and object storage and performance growth when adding additional storage servers. Synology also introduced its C2 Surveillance Station, which is a cloud-based video surveillance solution with edge AI and multi-layer encryption. The company is enhancing its <keyword id="19999884" type="General" weightage="20" keywordseo="AI-capabilities" source="keywords">AI capabilities</keyword> with the Synology AI Console, integrating GenAI into the Office Suite. According to the company, this will allow organisations to use the latest large language models (LLMs) while maintaining strict control over data privacy and security. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/diwali-gift-zomato-platform-fee-increased-to-rs-10-ahead-of-the-festive-season/articleshow/114493617.cms">Diwali gift from Zomato – Platform fee increased to ₹10 ahead of the festive season</a> <a href="https://www.businessinsider.in/stock-market/webstories/afcons-infrastructure-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/114490954.cms">Afcons Infrastructure IPO – GMP, risk factors and all you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/snapdragon-8-elite-announced-to-power-iqoo-13-oneplus-13-xiaomi-15-series-and-more/articleshow/114463844.cms">Snapdragon 8 Elite announced, to power iQOO 13, OnePlus 13, Xiaomi 15 series and more</a>

Synology introduces new enterprise solutions, reports significant growth in India

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The recent PayTM saga exposed how <keyword id="19912054" type="General" weightage="20" keywordseo="financial-institutions" source="keywords">financial institutions</keyword> are finding it increasingly difficult to maintain sufficient security measures to ensure user authenticity and identity. Now, many fintech platforms are turning to artificial intelligence (AI) to address these challenges. A leading voice in this conversation is <keyword id="23488603" type="General" weightage="20" keywordseo="Rahul-Ayyappan" source="keywords">Rahul Ayyappan</keyword>, the Co-Founder and Chief Technology Officer (CTO) of <keyword id="23488605" type="General" weightage="20" keywordseo="Finacus-Solutions" source="keywords">Finacus Solutions</keyword> Pvt. Ltd. With over a decade of experience in shaping digital solutions for over 200 banks and financial institutions, Rahul sheds light on how AI can play a transformative role in addressing the issue of deepfakes and even strengthening eKYC (electronic Know Your Customer) systems. <h2><keyword id="20095213" type="General" weightage="20" keywordseo="facial-recognition" source="keywords">Facial recognition</keyword> technology </h2>AI algorithms can analyse facial features in-depth, detecting subtle inconsistencies that are often overlooked by human eyes. By examining dermal texture, facial feature depth, and lighting uniformity, AI can identify discrepancies indicative of deepfakes. Furthermore, AI can analyse the temporal consistency of facial movements in videos, identifying irregularities that may signal tampering. <h2>Behavioural analysis </h2>AI's ability to analyse micro-expressions, those brief, involuntary facial expressions that reveal genuine emotions, is crucial in detecting deepfakes. These expressions are difficult to replicate in fabricated media, making them a reliable indicator of authenticity. Additionally, AI can evaluate gait and gesture analysis, identifying inconsistencies that may suggest deepfake manipulations. <h2>Consistency checks </h2>AI can cross-reference data from various sources, such as document scans and live video KYC sessions, to identify inconsistencies in age, gender, or other demographic information. Geospatial validation can also be used to verify if the location of the eKYC session aligns with the user's stated address. <h2><keyword id="19897671" type="General" weightage="20" keywordseo="machine-learning" source="keywords">Machine learning</keyword> models </h2>AI models can be trained on vast datasets of real and fake images and videos to learn to identify patterns and anomalies associated with deepfakes. These models can continuously adapt and improve their accuracy as new deepfake techniques emerge. <h2>Integration with ancillary technologies </h2>Combining AI with other technologies, such as blockchain and thermal imaging, can further enhance <keyword id="22209857" type="General" weightage="100" keywordseo="deepfake-detection" source="keywords">deepfake detection</keyword> capabilities. Blockchain provides an immutable ledger of verified data, while thermal imaging can detect heat patterns on the face that are difficult to replicate in synthetic media. By leveraging these advanced AI techniques, <keyword id="23488602" type="General" weightage="20" keywordseo="eKYC-systems" source="keywords">eKYC systems</keyword> can significantly improve their ability to detect deepfakes and protect against identity theft and other fraudulent activities. As deepfake technology continues to evolve, AI will play a crucial role in ensuring the integrity and security of digital <keyword id="20470058" type="General" weightage="20" keywordseo="identity-verification" source="keywords">identity verification</keyword> processes. <div type="Article" hostid="261" msid="99803720" title="Aadhaar authentication rose to 2.31 billion in March 2023: IT Ministry data" mstype="2" mssubtype="0"></div>

Fintech expert shares 5 ways AI can help detect deepfakes in eKYC systems

<ul class="summary-list"><li>Researchers have developed a new disease-resistant banana called Yelloway One.</li><li>Yelloway researchers use conventional breeding techniques, not genetic modification.</li></ul>The Netherlands may seem like an unlikely place to grow bananas, but it's where researchers have recently created a brand new variety called Yelloway One.The Yelloway One resembles bananas you might see in a grocery store, but it's anything but. It's the world's first edible banana resistant to two diseases that are decimating the fruit worldwide, and it could change how we grow and buy bananas in the future.In 2020, the global fruit company Chiquita partnered with several other organizations — KeyGene, MusaRadix, and Wageningen University &amp; Research — to launch the Yelloway Initiative, which aims to solve a problem plaguing the banana industry.The Cavendish, the most <a target="_blank" href="https://www.fao.org/markets-and-trade/commodities/bananas/en/">widely exported</a> banana and probably the variety in your kitchen, is in trouble. Deadly fungal diseases are attacking the plants, threatening the fruit with extinction.Researchers hope the Yelloway One is the first step to finding a tasty banana that can fight off these fungi."We're not expecting it to be the production replacement for Cavendish," Peter Stedman, director of sustainability at Chiquita, told Business Insider. "But it is proof that we can get there, and it's proof that we are nearly there."<h2 id="db18e80d-f968-4859-82a6-c20c1f7a8e87">Finding the building blocks of a better banana</h2><div type="image" title="A person holds a test tube full of seeds" height="5304" width="7952" msid="114478351" hostid="261" sizebytes="1388866"></div>The Yelloway project used conventional breeding techniques — not genetic modification — to make its new banana.The tricky part with that process is that researchers can't simply cross the Cavendish with more resilient varieties because the Cavendish is seedless and therefore sterile.Instead, the researchers are looking for the traits in other banana varieties that match a Cavendish's taste and hardiness.To that end, Yelloway is studying the DNA of 150 banana varieties, to make a kind of banana family tree, Fernando García-Bastidas, the head of the banana breeding program at KeyGene, told BI.<div type="image" title="A person in a yellow hat holds a bunch of bananas" height="5165" width="7743" msid="114478348" hostid="261" sizebytes="1223300"></div>They used information about the bananas' disease resistance, color, yield, and other characteristics as a kind of Lego system, García-Bastidas said."We are able to identify the blocks that are required to recreate or improve a particular banana type," he said.They're also using genetic analysis to hunt for Cavendish relatives that they can cross with Yelloway One.<div type="image" title="An airport sign warning travelers not to bring banana materials or soil" height="2533" width="3800" msid="114478354" hostid="261" sizebytes="386426"></div>The Yelloway One is on track to flower and produce bananas, but it's not yet ready to arrive in grocery stores.The next step is to test how it fares in enemy territory. Researchers will grow Yelloway One in the Philippines and Indonesia, where TR4 — a fungal disease — has decimated banana plants.<h2 id="fe3c7f2b-a656-4f65-91eb-953338c9d1f6">Ensuring history doesn't repeat itself a third time</h2><div type="image" title="Wilted banana plants in Colombia" height="3349" width="5527" msid="114478346" hostid="261" sizebytes="3169416"></div>The Cavendish only became the world's most widely eaten banana in the second half of the 20th century. Before that, the Gros Michel variety reigned supreme.But in the 1950s, a fungus called TR1 wiped out the Gros Michel. The Cavendish, which is resistant to the disease, became growers' new go-to fruit.Now that TR4 is spreading, growers and scientists don't want to make the same mistake again of relying on a single banana variety.That's why Yelloway is involved in creating other banana varieties, too."It's not looking to just improve upon the Cavendish," Stedman said. "It's trying to create strength and biodiversity."Li-Jun Ma, a professor of biochemistry at the University of Massachusetts Amherst studying the banana-killing fungi, agrees we shouldn't rely on a single banana variety."We should find ways to enhance the diversity in our market," she told Business Insider.Ultimately, Yelloway researchers envision a future where grocery stores offer multiple banana varieties. There will still be a place for the Cavendish on grocery shelves, but they won't be your only option.

The world's most popular banana faces extinction. Researchers are racing to find a solution.

<ul><li><keyword id="19896909" type="General" weightage="20" keywordseo="Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Airtel" meta.hostid="261" meta.entityid="Airtel">Airtel</keyword> has announced an AI-powered solution to tackle <keyword id="20649571" type="General" weightage="20" keywordseo="spam-calls" source="keywords">spam calls</keyword> and messages.</li><li>The telco will use AI to scan and alert users about spam calls and messages.</li><li>The company will roll out the new feature to all users for free.</li></ul> Spam calls and messages are a nuisance and while the <keyword id="19945464" type="General" weightage="20" keywordseo="Telecom-Regulatory-Authority-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Telecom Regulatory Authority of India" meta.hostid="261" meta.entityid="Telecom Regulatory Authority of India">Telecom Regulatory Authority of India</keyword> (TRAI) has taken steps to tackle the issue, it has failed to do so completely. Telecom operator <keyword id="19951944" type="General" weightage="20" keywordseo="Bharti-Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharti Airtel" meta.hostid="261" meta.entityid="Bharti Airtel">Bharti Airtel</keyword> has now deployed <keyword id="21310835" type="General" weightage="20" keywordseo="AI-powered-technology" source="keywords">AI-powered technology</keyword> to try to solve the issue. The company termed it as the country’s “first AI-powered <keyword id="23323248" type="General" weightage="20" keywordseo="spam-detection-solution" source="keywords">spam detection solution</keyword>”. The company has said that it will offer this spam detection solution to all users for free. "Spam has become a menace for customers. We have spent the last twelve months solving this comprehensively," said <keyword id="20174209" type="General" weightage="20" keywordseo="Gopal-Vittal" source="keywords">Gopal Vittal</keyword>, Managing Director and Chief Executive Officer, Bharti Airtel. <div type="Article" hostid="261" msid="113548793" title="Jio and Airtel lost subscribers in July after tariff hike, BSNL records growth" mstype="2" mssubtype="0"></div> As per the company, the tool will alert customers in real time to all suspected spam calls and messages. Customers won’t have to do anything to enable this and it will be auto-activated for all Airtel customers without them having to raise a service request or download any app. "Our solution has been able to successfully identify 100 million potential spam calls and 3 million spam SMSes originating every day," Vittal added. Airtel has claimed that the AI-powered spam detection solution, developed in-house by Airtel's data scientists flags suspected spam calls and messages accurately. <div type="Article" hostid="261" msid="112841081" title="Airtel customers to get access to Apple TV+, Apple Music – telco to absorb Wynk Music employees" mstype="2" mssubtype="0"></div> In addition to alerting users about spam calls and messages, this tool will also alert customers about malicious links received via SMS. To address this, Airtel said it has built a centralised database of blacklisted URLs and every SMS is scanned in real-time by an AI algorithm to caution users from accidentally clicking on suspicious links. "There are several indicators based on which we have identified spammers. We have developed an AI-enabled spam detection solution which analyses calls in 2 milliseconds and alerts users on the dialer," Vittal added. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a> <a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms">Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/entertainment/news/it-is-cheaper-to-watch-coldplay-perform-in-abu-dhabi-than-to-pay-scalpers-for-mumbai-tickets/articleshow/113665893.cms">It is cheaper to watch Coldplay perform in Abu Dhabi than to pay scalpers for Mumbai tickets</a>

Airtel is using AI-powered technology to block spam calls and messages

<ul class="summary-list"><li>Nevada is facing skyrocketing housing costs.</li><li>Reno Mayor Hillary Schieve says city leaders should cut regulations that stymie construction.</li></ul>The mayor of Reno, Nevada, argues that the single best thing city leaders can do to help solve one of the country's worst housing shortages is to loosen regulations on housing construction.In recent years, Mayor Hillary Schieve has launched a multi-pronged approach to do just that."Sometimes government needs to get out of the way," she told Business Insider in a recent interview. There's no quick solution, said Schieve, who isn't a member of either major party and has made housing and homelessness a top priority.With the election approaching, Nevada voters <a target="_blank" class="" href="https://www.nytimes.com/2024/09/16/business/economy/nevada-economy-unemployment-election.html">cite the economy</a> as among their top concerns. Rising home prices and rents, which have hit the Sunbelt state particularly hard, are a big part of that. Since January 2017, home prices have risen 90% and rents are up 53% in Nevada, far outstripping national growth rates, Alex Horowitz, the director of Pew's housing-policy project, told Business Insider.<h2 id="401ef500-7df2-405a-b9eb-f7ead571dd5b">Greasing the wheels for housing</h2>Nevada had one of the highest rates of home foreclosures in the country after the 2008 financial crisis slammed <a target="_blank" class="" href="https://knpr.org/show/knprs-state-of-nevada/2018-09-10/its-been-a-decade-since-nevada-fell-into-an-economic-abyss">its tourism-reliant economy</a> and burst its severe housing bubble. In the years since, the state has leveraged low taxes and other business-friendly policies to attract major employers like Amazon, Apple, and Tesla. The new jobs have helped attract hundreds of thousands of new residents.The pandemic and the rise of remote work supercharged that trend. With an <a target="_blank" class="" href="https://www.reviewjournal.com/business/housing/how-many-californians-have-moved-to-nevada-since-2020-3032074/">influx of new residents</a>, demand for housing — and subsequently its cost — has soared. In Reno, the median price of a single-family home has increased <a target="_blank" class="" href="https://www.washoecounty.gov/assessor/real_property/SalesHistoryChart.php">more than 40% since 2019</a>.As mayor, Schieve has celebrated the new jobs and the growth of arts and culture in Reno and its surroundings. But she's also concerned with the housing shortage and <a target="_blank" class="" href="https://www.rgj.com/story/news/local/2024/05/07/homeless-population-washoe-county/73605507007/">rising homelessness</a>. When it comes to boosting affordable housing, she pointed to cutting red tape and making building easier, including by loosening zoning laws and burdensome environmental regulations.Under Schieve, Reno has loosened some of its regulations by allowing for more density, reducing parking requirements, and cutting fees. Since 2019, the city says it has waived $11 million in sewer hookup fees and $700,00 in building permit fees to help bring more than 2,000 units of affordable housing to the market.Through a program called "1,000 homes in 120 days," the city deferred sewer and permit fees for five years for market-rate housing construction, which the city says helped create more than 500 new homes between its implementation in late 2019 and earlier this year.Schieve, the former chairwoman of the US Conference of Mayors, said Reno's rules regarding affordable housing construction are relatively lenient. However, she argued that some county and state regulations slow down home building, inflating costs and deterring new construction.She took particular issue with county health department regulations that impose lengthy review processes. "Most developers are borrowing money," she said. "So time is money." Schieve's chief of staff noted that swimming pool construction, including in housing developments and hotels, "takes an incredible amount of time and an incredible amount of money" to get approved by the department.Reno has also made some progress on emergency and transitional housing. Schieve received <a target="_blank" class="" href="https://www.wsj.com/us-news/reno-nevada-homelessness-solution-674cee2d">national attention</a> for reducing the number of unhoused people living on Reno's streets by nearly 60% between 2022 and 2023. The reduction was largely due to the construction of a Nevada Cares Campus, an emergency shelter that can house up to 600 people in sleeping pods and a large tent.<h2 id="b9ff010c-649b-4677-a22b-3b02162f6584">Nevada's housing issues take center stage in the presidential election</h2>President Joe Biden has visited Nevada multiple times <a target="_blank" class="" href="https://nevadacurrent.com/2024/03/19/in-las-vegas-campaign-stop-biden-details-plans-to-make-housing-more-affordable/">to talk about housing</a>, and his administration's policies have <a target="_blank" class="" href="https://mynews4.com/news/local/reno-receiving-35-million-in-federal-funds-to-tackle-affordable-housing-and-homelessness">helped bolster</a> the state's housing efforts.Schieve called the housing funding Reno received through the 2021 American Rescue Plan a "godsend." And she praised the Biden administration for being accessible and responsive to her city's housing needs. "We can pick up the phone and I can call my HUD secretary, I can call someone at the White House," Schieve said. The acting HUD secretary, Adrianne Todman, has visited Reno twice in the last year.Former President Donald Trump's campaign has also emphasized housing issues in Nevada, focusing largely on its proposal to deport millions of immigrants to free up housing. "We've got to build more houses and we've got to deport the illegal aliens so that American homes go to American citizens," vice presidential candidate JD Vance <a target="_blank" class="" href="https://www.youtube.com/watch?v=9pPCCh_t4h8">told a crowd in Las Vegas in October</a>.Schieve dismissed this proposal. "We've got to be realistic about how we approach housing," she said. "That's not going to solve anything."There are aspects of housing policy that Trump and Vice President Kamala Harris appear to agree on, including <a target="_blank" class="" href="https://www.businessinsider.com/homes-free-government-land-real-estate-housing-prices-harris-trump-2024-8">opening up federal land for additional homes</a>. Nevada has become a focus of this particular solution as 85% of the state's land area is owned by the federal government.Schieve says the issue of opening up government-owned land is complex. It depends on factors like the cost of new infrastructure, including roads and water hookups, the expansion of services like law enforcement, and environmental concerns. She supports restricting home construction in environmentally fragile areas, including wetlands and flood-prone regions.In general, she wants to see cities like Reno invest in rebuilding their urban cores and boosting density rather than sprawl."There's still a lot of blight," she said. "There's still a lot of work for cities to build up and not out."

A Nevada mayor is battling one of the worst housing shortages in the US. Her solution: looser construction regulation.

<ul class="summary-list"><li>Japanese authorities want the conveyor-belt road to run between Tokyo and Osaka.</li><li>As well as tackling a trucker shortage, the road could reduce carbon emissions.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/japan-airlines-free-flights-initiative-could-backfire-experts-2024-10">Japan</a> is planning to build what it describes as a "conveyor-belt road" between the cities of Tokyo and Osaka to address a shortage of truck drivers.The idea is that giant containers on pallets will be placed on a blocked-off, secure conveyor belt in the middle of the highway. Automated forklifts will be used to load and unload goods. A<a target="_blank" rel="noopener" class="Link AnClick-LinkEnhancement" href="https://youtu.be/W0v0zAxu5Wo?si=70e1TxIE_t6tx9yw"> video </a>made by the Japanese government shows how it might work.<a target="_blank" class="" href="https://apnews.com/article/japan-transport-delivery-trucking-labor-1c5b3524bce93e7e460dd735cbeab6c4">AP News</a> reported that a trial for the project, also known as an "auto-flow road," will begin in 2027 or 2028. The aim is to have full operations underway by the mid-2030s.According to <a target="_blank" class="" href="https://japannews.yomiuri.co.jp/business/economy/20240623-193996/"> Japan News,</a> the system could do the same amount of work as 25,000 truck drivers each day. The publication said such a system linking Tokyo to Osaka, 320 miles (515km) away, would cost up to ¥3.7 trillion or nearly $24 billion. Yuri Endo, a senior deputy director overseeing the project at the Ministry of Land, Infrastructure, Transport and Tourism, told AP that the project will allow for a "24-hour automated and unmanned transportation system.""We need to be innovative with the way we approach roads," Endo said.She added that, as well as helping combat a shortage of delivery drivers, the road could help reduce carbon emissions. According to a recent <a target="_blank" class="" href="https://www.nri.com/">Nomura Research Institute </a>study cited by <a target="_blank" class="" href="https://english.kyodonews.net/news/2024/06/2d4b612cffa6-japan-to-face-36-truck-driver-shortfall-in-fy-2030-think-tank.html">Kyodo News,</a> Japan will have 36% fewer truck drivers than needed to meet the country's logistical demands in 2030.The number of truck drivers is expected to fall from 660,000 in the fiscal year of 2020 to 480,000 in fiscal 2030, the think tank said."It will be necessary to improve the efficiency of logistics in order to avoid serious economic effects," Kazuyuki Kobayashi, the institute's logistics consulting group manager, said earlier this year.The shortage of truck drivers is partly due to an aging population. However, it is worsening due to laws introduced in April that limit the amount of overtime drivers can work.According to government estimates, if the truck driver shortage remains unaddressed, it could leave a third of all cargo undelivered and leave a $76 billion dent in Japan's economy by 2030.It follows similar systems being considered by Switzerland, which would involve self-driving pods on an underground pathway, and London, which is weighing up an automated transport system using low-cost linear motors, AP reported.

Japan's intense trucker shortage may inspire a drastic solution — a giant conveyer belt between cities

<ul class="summary-list"><li>A woman who had life-changing results on a popular weight loss drug struggled to afford it for years.</li><li>She found stability with a cheaper version of the medication through the booming telehealth market.</li></ul><a target="_blank" class="" href="https://www.tiktok.com/@tacklingtara">Tara Rothenhoefer</a>, a 49-year-old Florida resident, says her life changed when she joined a clinical trial for a promising new weight-loss medication.Over the course of the 18-month trial, from 2020 to 2021, she <a target="_blank" class="" href="https://www.businessinsider.com/mounjaro-weight-loss-drug-not-easy-way-out-2023-10">lost more than 200 pounds</a> — more than a third of her body weight. Suddenly, she didn't have pervasive "<a target="_blank" class="" href="https://www.businessinsider.com/weight-loss-drug-semaglutide-helping-dispel-harmful-stereotypes-patients-say-2022-12">food noise</a>" or preoccupation with eating that had bothered her for years, allowing her to freely pursue healthy habits.Rothenhoefer had been testing a drug, sold by pharmaceutical company Eli Lilly, which later won FDA approval for weight loss in 2023 under the brand name <a target="_blank" class="" href="https://businessinsider.com/eli-lilly-mounjaro-zepbound-approved-weight-loss-stronger-than-wegovy-2023-11">Zepbound</a>. A similar version of this drug, called Mounjaro, has been available to people with type 2 diabetes since 2022.But when the trial ended, she was faced with the prospect of paying over $1,000 per month to continue this drug, or try to keep the weight off unmedicated — an incredibly tricky feat since the drug's effects are not long-lasting, as far as we know.Now, after three years of navigating a nightmarish maze of shortages and lack of insurance coverage, she finally has steady, affordable access to her medication.She's not only one.The high price of weight-loss medication has left out millions of Americans who could benefit, as highlighted in recent <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/novo-nordisk-ceo-faces-senate-questions-over-high-prices-of-ozempic-and-wegovy-in-us-1033798280">Senate Committee Hearings</a>, where Novo Nordisk's CEO faced tough questions about its versions of similar drugs, Ozempic and Wegovy.Here's how she, like many others, has found a way around the snarls of the healthcare system to stay on the drug.<h2 id="b6ae44a3-53cb-4a2c-8ff1-f68263c11f64">At first, she tried the pharma solution: coupons</h2>After the trial ended, Rothenhoefer's doctor issued her a prescription for Mounjaro but she knew she couldn't afford it with her office job.Not a problem, manufacturer Eli Lilly told her — she could get a coupon, allowing her to access the drug at a steep discount.Providing coupons is a common practice for drug makers to incentivize patients to try their product, instead of a competitor's, especially when it's a new offering in an already-hot and high-priced market.However, the coupon expired in June 2023. And all she could do was ration out her remaining doses and hope for the best."My insurance doesn't cover it. Most people can't afford it. I had no choice," she said.<h2 id="9f175e6c-deef-4bd9-8285-ccf7d1bc03be">Spreading out doses to try to make the drug last longer</h2>Rothenhoefer did what she could to make her supply of medication last, and tried to dose every 10 to 14 days instead of weekly, but the scale began creeping back up regardless of what she did."I was having a lot of fluctuations in weight even though my habits were the same," she said.Research suggests that people who lose weight on GLP-1 medications need to continue taking them or they'll <a target="_blank" class="" href="https://www.businessinsider.com/zepbound-weight-gain-stop-taking-tirzepatide-2023-12">regain the weight</a> so Rothenhoefer needed a long-term plan just to keep her weight stable."I'm in maintenance, which I'll be in for the rest of my life," she said.But she's since been able to find a steady, affordable supply, and now takes a dose of 7.5 - 10 mg of compounded tirzepatide weekly, delivered to her door, and plans to stay this course for at least the next year, if not longer.<h2 id="86a425c0-21ca-447d-a94f-5bc79360d4e5">The promise of cheaper 'compounded drugs'</h2>Rothenhoefer said she had heard about a cheaper version of the GLP-1s known as compounded tirzepatide.The active ingredient in Mounjaro and Zepbound is tirzepatide, one type of <a target="_blank" class="" href="https://www.businessinsider.com/weight-loss-glp-1-drugs-ozempic-wegovy-mounjaro-effects-future-2023-12">GLP-1 drugs</a>, which mimic hormones that our bodies naturally produce to control appetite and blood sugar. (Ozempic and Wegovy contain a similar drug called <a target="_blank" class="" href="https://www.businessinsider.com/how-weight-loss-meds-injections-compare-costs-results-side-effects">semaglutide</a>.)<a target="_blank" class="" href="https://www.businessinsider.com/buy-compounded-semaglutide-online-risks-wegovy-ozempic-2023-1">Compounded medications</a> are custom formulations of drugs provide by specialized pharmacies. Since brand name GLP-1 drugs have long been in shortage, drug compounders are legally allowed to fill the gap in demand with their own versions of the same active ingredients, semaglutide or tirzepatide.While regulated, these compounded drugs aren't FDA-approved, raising concerns from doctors about variations in quality.The grey market of weight-loss drugs is vast and complicated.Some weight-loss clinics or med spas offer injections for as little as $20, with way of vetting what you're getting, and some online clinics are simply money scams, a <a target="_blank" class="" href="https://www.businessinsider.com/scientist-cheaper-ozempic-sold-online-contains-dangerous-ingredients-2024-8">recent study found</a>.Rothenhoefer contacted a telehealth company with a verified, credentialed compounding pharmacy.The price for her dose of the compounded version is $329 monthly, compared to the brand name's list price of more than $1,000 per month.Pharmaceutical companies are pushing back against their low-cost competitors in the GLP-1 market.In August, Eli Lilly halved the price of its <a target="_blank" class="" href="https://www.businessinsider.com/eli-lilly-cut-price-zepbound-tirzepatide-weight-loss-drug-copycats-2024-8">weight-loss drug Zepbound </a>through single-dose vials — a bid to lure customers back to brand-name drugs, analysts said.But Rothenhoefer said that if manufacturers want people to buy their products, prices need to keep dropping."I think everyone would be on the branded if it were accessible and affordable. But there are people out there that are alive now that might not have been or might have been in five years if they didn't get their health under control," she said of patients like her who are now using compounded medications.<h2 id="bc1e401f-b010-4062-a1c7-ffc442cacc15">A huge relief</h2>Previously, Rothenhoefer said she was constantly worried about protecting the dwindling stockpile of medication in her refrigerator.Now, with reliable access, a huge burden has been lifted, Rothenhoefer said. She is no longer fixated on rushing to get ice in a cooler for her meds as a first priority, and is free to think about everything else that matters."I don't have any fear at all anymore," she said. "My mind has been totally put at ease and I can now focus on the rest of my life."

Weight-loss drugs are life-changing — and expensive. Here's one woman's solution.

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Welcome back, and happy birthday to Insider Today 2.0! Today marks one year since we relaunched. Whether you've been here from the beginning or joined along the way, we appreciate the support. OK, that's enough self-congratulating.In today's big story, why LinkedIn's #opentowork banner <a target="_blank" href="https://www.businessinsider.com/linkedin-open-to-work-banner-badge-job-pros-cons-2024-9">is so controversial</a>.What's on deck:<ul><li>Markets: He used to be one of Tesla's biggest fans. Now, <a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-tesla-stock-crash-tsla-price-outlook-ross-gerber-2024-8">he's a huge critic</a>.</li><li>Tech: Nvidia's <a target="_blank" rel="noopener" href="https://www.businessinsider.com/nvidia-may-lose-ai-inference-market-groq-cerebras-2024-8">biggest blind spot</a>.</li><li>Business: How people are making the most of their <a target="_blank" href="https://www.businessinsider.com/credit-card-rewards-points-amex-millennial-gen-z-luxury-lifestyle-2024-8">credit card rewards</a>.</li></ul>But first, I'm low-key looking for a job.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">Not open to being open</h2><div type="image" title="A figure hiding shamefully from pointer cursors" height="1500" width="2000" msid="113031425" hostid="261" sizebytes="113168"></div>One of the biggest debates on the internet has nothing to do with politics, the market, or sports. Instead, it's about your LinkedIn profile picture.The argument focuses on the benefits or downsides of <a target="_blank" href="https://www.businessinsider.com/linkedin-open-to-work-banner-badge-job-pros-cons-2024-9">using the Open to Work banner on LinkedIn after losing your job</a>.That last sentence alone might have elicited an internal reaction from some of you. Like it or not, the banner is viewed by some as "the digital-age equivalent of standing on the sidewalk wearing a sandwich board that reads Job Wanted," writes Business Insider's Aki Ito.And besides the shame job seekers might feel, some people believe the banner comes with a risk. Touting that you are #opentowork could actually discourage recruiters from reaching out, so the thinking goes. Welcome to the internet in 2024.The result is a "bizarre" environment: One where job seekers worry that showing you're looking for work will actually make it harder to get a job, a source told Aki."Saying 'we can't hire you because you said you want a job' is like saying 'we can't feed you because you said you're hungry.'"<div type="image" title="A ball and chain with an open cuff labeled &quot;#openforwork&quot;" height="1500" width="2000" msid="113031419" hostid="261" sizebytes="125414"></div>Not everyone is scared of the banner.About 40 million users signaled they were #opentowork in July. And for good reason.Only one of the eight recruiters Aki spoke to said the banner would give them pause when looking at a candidate. Several even said they actively seek out candidates who publicize that they're open to work.But the #opentowork hesitation could be more about our personal biases than what recruiters might think. The negative reaction to the banner, while not fair, is understandable.For many, #opentowork represents our corporate mortality. A little ugly reminder that we could be next on the chopping block.None of that, however, should stop someone from using every tool in their arsenal to get a job.And even if you still feel embarrassed about using the banner, rest assured there's plenty of stuff people should be hesitant to post.LinkedIn has gotten incredibly <a target="_blank" href="https://www.businessinsider.com/how-linkedin-got-weird-work-life-blurred-lines-of-oversharing-2023-9">weird since the pandemic</a>. People are comfortable oversharing <a target="_blank" href="https://www.businessinsider.com/linkedin-cringe-how-to-post-new-job-hiring-resume-2024-3">intimate details on what's meant to be a professional network</a>. In some cases, they've even <a target="_blank" href="https://www.businessinsider.com/linkedin-is-a-dating-app-remote-work-online-romance-2024-1">used it as a place to find a date</a>.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>Hewlett Packard confirms it will continue to <a target="_blank" rel="noopener" href="https://www.businessinsider.com/hp-confirmed-will-continue-sue-mike-lynch-family-2024-9">sue Mike Lynch's family for $4 billion</a> after he died in a tragic yacht sinking.</li><li>Elon Musk thinks he knows <a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-x-feed-more-toxic-forward-posts-puppies-2024-9">why your X feed might be getting more toxic</a>.</li><li>Chip companies like Nvidia and Intel are facing a <a target="_blank" href="https://www.businessinsider.com/chip-companies-nvidia-intel-gender-gap-ai-boom-2024-8">major gender gap amid the AI boom</a>.</li><li>Why everyone in tech is talking about '<a target="_blank" rel="noopener" href="https://www.businessinsider.com/why-everyone-in-tech-talking-founder-mode-paul-graham-chesky-2024-9">founder mode</a>.'</li><li>A grocery tycoon turned Walmart robotics supplier is one of this year's biggest wealth losers after <a target="_blank" rel="noopener" href="https://www.businessinsider.com/ai-robotics-grocery-rick-cohen-symbotic-wealth-billionaires-walmart-stock-2024-9">$9 billion wipeout</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="A price tag with the American flag on it" height="1000" width="2000" msid="113031418" hostid="261" sizebytes="69334"></div><ol><li>The stock-half-full view. Americans who own stocks generally <a target="_blank" href="https://www.businessinsider.com/stock-market-outlook-impact-economic-sentiment-spread-owners-non-owners-2024-9">feel much better about the economy</a> than Americans who don't. The gap between the top one-third of stock owners and those who don't own any stocks has never been wider, and those who feel good have reason to — the S&amp;P 500 has soared nearly 50% in the past two years.</li><li>Blackstone's using generative AI to supercharge an internal search tool. The PE giant's DocAI acts like an internal ChatGPT thanks to the trove of documents uploaded by workers. The tool, which will be fully rolled out this fall, is designed to <a target="_blank" href="https://www.businessinsider.com/blackstone-employee-productivity-generative-ai-2024-8">help workers search and summarize more efficiently</a>.</li><li>How one of Tesla's biggest bulls turned bearish. Ross Gerber, a longtime supporter of Elon Musk, has shed around half of his fund's stake in Tesla since November 2023. He spoke to BI about <a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-tesla-stock-crash-tsla-price-outlook-ross-gerber-2024-8">why he's done a 180 on the EV maker and its polarizing CEO</a>.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Sam Altman is surrounded by logos of competing AI companies." height="900" width="1800" msid="113031421" hostid="261" sizebytes="200156"></div><ol><li>It's getting harder to make big leaps at the frontier of AI. There are a lot of capable AI models now, and they're all pretty similar to each other, which has pushed costs down. Now that the AI frontier has become "a commodity," as one startup CEO put it, there will be <a target="_blank" rel="noopener" href="https://www.businessinsider.com/ai-frontier-crowded-winners-losers-2024-8">huge winners and losers in the space</a>.</li><li>Nvidia's got some competition. The chip giant's dominance isn't certain in one particular area of AI computing: inference. Demand for inference chips will only increase as AI matures, and the field is growing <a target="_blank" rel="noopener" href="https://www.businessinsider.com/nvidia-may-lose-ai-inference-market-groq-cerebras-2024-8">crowded with formidable competitors</a>, like the ex-Googler-founded Groq and the California powerhouse Cerebras.</li><li>Supersized seed rounds shake up VC. The earliest stage of the startup market is getting out of control. As investors rush to fund the next big startup, the amount they're willing to pledge upfront has ballooned in the past three years. The <a target="_blank" href="https://www.businessinsider.com/seed-stage-investing-funding-venture-capital-getting-wild-2024-8">$5 million-plus seed round</a> might be the new normal.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="Photo illustration of a credit card." height="1500" width="2000" msid="113031426" hostid="261" sizebytes="76120"></div><ol><li>Welcome to credit card points mania. Credit card rewards are having a moment thanks to great perks, points, and cashback deals. Gen Zers explained the <a target="_blank" href="https://www.businessinsider.com/credit-card-rewards-points-amex-millennial-gen-z-luxury-lifestyle-2024-8">mix of cards they use</a> to level up their rewards and live a life of more luxury. (Rule number one: Stay out of debt.)</li><li>Meet the quiet luxury millionaires. Not all millionaires have flashy homes and cars. Six wealthy-on-the-DL people told BI their strategies for growing and keeping wealth that are at odds with a loud-luxury lifestyle. Here's how they <a target="_blank" href="https://www.businessinsider.com/millionaire-investing-saving-spending-financial-independence-retire-early-fire-2024-9">build wealth modestly</a> without sacrificing comfort.</li><li>The most promising healthcare AI startups, according to VCs. AI is dominating healthcare investments this year as VC funding picks back up after a slump. BI spoke to leading VCs to identify <a target="_blank" href="https://www.businessinsider.com/22-most-promising-healthcare-ai-startups-2024-8">22 companies using AI</a> to improve cardiovascular care, insurance payments, and more.</li></ol><h2 id="1ad7b482-3f4b-44b4-81b6-a864aa386478">In other news</h2><ul><li>Take a look inside the LA home Elon Musk is foreclosing on, <a target="_blank" href="https://www.businessinsider.com/pictures-los-angeles-home-elon-musk-foreclosing-gene-wilder-belair-2024-8">which once belonged to Hollywood royalty</a>.</li><li>Mercer advises institutions with more than $16 trillion in assets. Here's what its top investment strategist is <a target="_blank" href="https://www.businessinsider.com/mercer-advice-institutional-clients-invest-private-credit-2024-8">telling the world's biggest investors</a>.</li><li>These 2024 status symbols show that <a target="_blank" rel="noopener" href="https://www.businessinsider.com/status-symbol-item-sales-show-quiet-luxury-changing-americana-corporate-2024-9">it's not all about quiet luxury anymore</a>.</li><li>Investors are headed into the worst time of year for stocks. <a target="_blank" href="https://www.businessinsider.com/stock-market-outlook-september-season-fed-cuts-election-investing-2024-8">Here's why September is brutal for the market</a>.</li><li>A US Army vet moved to Japan with his wife and bought an abandoned house for $35,000. <a target="_blank" rel="noopener" href="https://www.businessinsider.com/us-veteran-moved-japan-abandoned-house-akiya-foreigner-renovation-2024-9">They have no plans to leave</a>.</li><li>Wasteful consumerism has a new worst enemy: <a target="_blank" rel="noopener" href="https://www.businessinsider.com/gen-alphas-new-obsession-decluttering-2024-9">Gen Alpha tweens</a>.</li></ul><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Supreme Court Justice Ketanji Brown Jackson's memoir is released.</li><li>Russian president Vladimir Putin visits Mongolia.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, associate editor, in Chicago. Milan Sehmbi, fellow, in London. Amanda Yen, fellow, in New York.

Linkedin's job-seeking solution comes with both success and shame

<ul class="summary-list"><li>As the chief AI and innovation officer of <keyword id="20663742" type="General" weightage="20" keywordseo="Anaconda" source="keywords" meta.keywordsubtype="org" meta.entityname="Anaconda" meta.hostid="261" meta.entityid="Anaconda">Anaconda</keyword>, Peter Wang helps the programming-language distributor improve <keyword id="20110666" type="General" weightage="20" keywordseo="AI-solutions" source="keywords">AI solutions</keyword>.</li><li>This includes supporting on-prem IT and running AI models locally to boost security and efficiency.</li></ul>Peter Wang is the chief AI and innovation officer of <a href="https://www.anaconda.com/about-us" target="_blank">Anaconda</a>, a company he cofounded in 2012 with the goal of democratizing business-data analytics by making <keyword id="23150763" type="General" weightage="20" keywordseo="Python-tools" source="keywords">Python tools</keyword> easier to use. With Python established as a leading language for <keyword id="21065919" type="General" weightage="20" keywordseo="AI-workloads" source="keywords">AI workloads</keyword>, Anaconda is broadening its focus to <keyword id="19897745" type="General" weightage="20" keywordseo="data-science" source="keywords">data science</keyword> and artificial intelligence, with the goal of becoming a common software layer for high-performance AI. Anaconda has introduced tools to help companies and people get started with AI <keyword id="19897804" type="General" weightage="100" keywordseo="large-language-models" source="keywords">large language models</keyword>. One such tool is <a target="_blank" class="" href="https://www.anaconda.com/products/ai-navigator">AI Navigator</a>, a desktop app that can run AI models locally on Windows and Mac, with Linux support coming soon. The company has 300 full-time employees and 40 million users worldwide. Business Insider spoke with Wang to learn more about how AI workloads are prompting companies to think about bringing more of their <a target="_blank" class="" href="https://www.businessinsider.com/artificial-intelligence-data-privacy-on-premises-information-technology-solutions-2024-8">IT infrastructure on-premises</a> — and the hardware and software challenges that come with making such a move. The following has been edited for clarity and length. Can you talk about on-premises infrastructure and what that term means to you in 2024? On-premises initially meant servers within the company's physical location. Now it's more about the governance of infrastructure, including data, networking, and servers. Who manages it? Who gets to say, "No, absolutely, you can't do that," or, "Yes, you can do that?" At Anaconda, we see customers across the spectrum. Some have what we call air-gapped systems, not connected to the internet at all. These might be a box in a building somewhere, oftentimes guarded by people with machine guns, where you go in with a flash drive. That's the hardcore level of secure on-prem. On the other end, we see businesses that use a lot of cloud resources. But even they need stricter boundaries. They work with cloud providers to set up virtual private clouds or to provision resources with specific governance rules and policies. Why are companies interested in on-premises solutions for AI and large language models? We see a lot of interest from companies wanting control over their own destiny. They want to fine-tune models on their own data, connect them to internal databases for <a target="_blank" href="https://www.businessinsider.com/retrieval-augmented-generation-making-ai-language-models-better-2024-5">retrieval-augmented generation</a>, and use agent-based models. If a company can only consume AI as a cloud end point, you have to tie all your internal systems to that cloud AI service, which is difficult. And many of these cloud AI companies, while they are well capitalized, are still relatively new as enterprise-software players. There are a lot of concerns about data leakage and compliance. Running locally gives more control and reduces the risk of accidental data exposure. You don't have to worry about a junior IT person at a cloud startup accidentally misconfiguring something and causing a data breach. The risks of a data breach are clear, but many companies seem concerned about any external use of their data for AI. Why is that? People have said that data is oil. If your data is oil, LLMs are like the internal-combustion engine, meaning they provide a much more interesting way to use that oil. Companies want to use their sensitive "crown jewel" data with LLMs to gain insights and improve predictive analytics. These use cases are central to their business, so they're protective of this data. They don't trust putting it on external systems where it could leak valuable information like customer insights or product preferences. When people think of "on-prem," they tend to focus on hardware. But much of what you are describing seems like software. Can you explain that in more detail? The hardware for AI work is often similar across setups. It's typically high-end <a target="_blank" href="https://www.businessinsider.com/nvidia-gpu-chips-ai-branding-popularity-2024-6">Nvidia GPUs</a>, though not always the latest or most expensive versions. On top of that hardware stack, the software needed to run an LLM isn't exotic if you know what you're doing. But there's a big asterisk here. The challenges often come from internal IT policies, organizational competencies, and the dynamic nature of AI workloads. For example, if your organization is familiar with Docker or Kubernetes, great. But if you're a Java shop used to deploying with Maven, or a Ruby shop unfamiliar with Python, that creates hurdles. When these companies want to start an internal LLM, that's where they can use help. AI workloads require varying amounts of computing power at different times. When you're training, you might need a lot of GPUs, fewer, or different kinds — or <a target="_blank" class="" href="https://www.businessinsider.com/guides/tech/what-is-a-cpu">even just CPUs</a>. This dynamic set of hardware requirements, sometimes very bursty in terms of when and how long you need it, creates an orchestration challenge. That becomes a software challenge, and then an organizational one. Are you saying the challenge is optimizing software for efficient and dynamic use of hardware? I actually think it's more of a broad competency challenge for a company. In traditional software development, the IT group talks to the software-development group. The developers specify their needs for memory, bandwidth, storage, and IT provisions for them. But data scientists and machine-learning teams have dynamic needs. They require newer, more advanced hardware, and the software they run is Python with many dependencies, like specific GPU-driver versions. The challenges organizations face in on-premises AI relate to the dynamic nature of server and machine orchestration and the open-source-software ecosystem they're tapping into. This is especially true for compliance and security requirements. Speaking of open source, what are your thoughts on open versus closed LLMs? I've tried to stay out of the fray on social media, but my take is that current LLMs, especially the frontier models, have a lot of overlap in capabilities. Some are better than others in certain aspects, but at their core, once you throw enough data at them, these models start to become similar to each other. Making open models like Meta's Llama freely available is a game changer. The original Llama release was significant, and <a target="_blank" class="" href="https://www.businessinsider.com/mark-zuckerberg-meta-llama-ai-model-praise-open-source-musk-2024-7">the latest Llama 3.1 model</a>, with 400 billion parameters, is a massive step forward. It will increase interest in running models on-premises, especially for fine-tuning on sensitive data. But while these models are often called open, they're not open in the traditional open-source sense. You can use them freely, but you can't rebuild them from scratch or modify them at will. The training data, scripts, and hyperparameters are often not disclosed. It's a complex issue that involves considerations of safety and licensing. The data used for training is a particularly big issue that no one really talks about. How should a company looking to implement on-premises AI get started? Anaconda has an <keyword id="23150764" type="General" weightage="20" keywordseo="AI-Navigator" source="keywords">AI Navigator</keyword> tool that is a great way to get started. It's a simple graphical interface where you can download appropriate models for your computer. We're currently running this in beta, and we're eager to get feedback from users. Our tool connects to our curated model repository. We've quantized models to make them smaller and more efficient for different machines, which is important because downloading models from public repositories can pose security risks. For example, we've seen attacks where someone uploads a fine-tuned code-generation model that hallucinates nonexistent Python packages. It generates code that tries to import or install these fake packages, and then the attacker creates malicious versions of these packages in the real world. When users try to run the generated code, they install these malicious packages. Our tool helps users get past many initial hurdles in setting up and running AI models locally. It accelerates the process of getting the software running correctly for a given machine, making it easier and safer for businesses to start exploring on-premises AI solutions. Correction: August 28, 2024 — An earlier version of this story misstated Peter Wang's title. He's the chief AI and innovation officer of Anaconda, not the CEO. He was the CEO from October 2019 to January 2024.

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