Happy Friday everyone!
Here is our Weekly roundup to keep you updated on what’s been shaking the Tech, Comms and HR world this week. But before we jump into it, don’t forget to send us an email to firstname.lastname@example.org if you have a story you want to share! Whether it’s about leadership, HR, innovation, company culture or communications, share it with us and we’ll feature your post in our upcoming issue.
Right, what’s been making waves this week? Check this out and join the discussion below!
People were surprised when Amazon launched its two-hour delivery service, Prime Now, in Singapore last month. Unlike other countries where it launched Prime Now, the e-commerce giant didn’t have a retail presence here to begin. So, going from no Amazon at all to the ultra-high pressure two-hour Prime Now delivery service certainly raised eyebrows.
Customers responded by calling for an avalanche of orders on launch day, July 27. Singaporeans were so enthusiastic, Amazon’s first day here closed three times the order volume in this tiny island than it did when it launched in its home city of Seattle in 2015. And as the orders piled up, the app started showing delivery was “unavailable” within the day as Amazon ran out of physical delivery folks to fulfill orders. With that, Amazon pulled off its biggest Prime Now launch in its history.
With that, Amazon pulled off its biggest Prime Now launch in its history. Amazing, isn’t it? But what’s exactly behind this story? And how did Amazon pull its biggest launch EVER?
Elon is, in fact, right. AI does need regulating. But he’s also almost surely wrong – AI isn’t going to start World War III anytime soon. Or rule the world. Or end humanity. AI needs regulating because the big tech companies have got too big for their own good. And like every other industry sector before it that has got too big – the banks, the oil companies, the telecom firms – regulation is needed to ensure the public good. To ensure that we all benefit and not just the tech elite. However, the problems today are not caused by super smart AI, but stupid AI. We’re letting algorithms make decisions that impact on society. And these algorithms are not very smart.
How do we deal with all of this in a right and efficient way?
ICOs — or initial coin offerings — are emerging as a route for startups to raise money from a wide pool of investors through cryptocurrency networks. Now, one of the biggest and best-known accelerators in the world is mulling a way to use cryptocurrency networks and the blockchain to help get more people involved in backing their cohorts, according to its president.
The idea of using a new investment format — one that would potentially open up YC to a much wider pool of backers — wouldn’t necessarily represent a big shift for YC, which has big ambitions to become a much bigger operation, despite its almost exponential growth under Altman’s leadership. At the same time, it could mean working, for the first time, with investors who are not “accredited,” meaning high-net-worth investors — definitely an appealing idea.
Is this going to become a real thing in terms of startup investments? Only time will tell, but this is for sure an interesting option.
UK firms are prioritizing investment in technology over people development, according to new research commissioned by talent management business, INTOO UK & Ireland. In their recent survey of 1,000 UK managers and employees, INTOO found that 75% of organizations are prioritizing investment in technology, whereas only 45% are helping to develop the skills their employees will need to succeed in the future world of work.
The report went on to suggest that a lack of investment, lack of time and lack of additional remuneration are viewed as the biggest barriers to skills development. One in four managers believes employees are not motivated to learn new skills, with adaptability being seen as the most important skill for future success. How do we change this trend?
Did we miss something? Let us know in the comments section below and we’ll feature your article into next week’s Roundup!
Also, let us know what type of content you guys want more or less of, we’re all ears!
– the Beem Team