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The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America’s largest automakers: the elimination of white-collar workers.The “Detroit Three” automakers have together cut more than 20,000 U.S. salaried jobs, or 19% of their combined workforces, from recent employment peaks this decade, according to public filings and employment data from the companies. Reasons for the job declines vary by automaker, but in general are tied to evolving technological changes in the automotive industry, with the rise of…

Fish farm nets on the East coast.Shaunl | E+ | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.Equity Group Investments, backed by the family of late billionaire Sam Zell, owns a John Deere dealership, a bluefin tuna fishery and a pedestrian bridge that connects San Diego to Tijuana International Airport. While those holdings sound entirely unrelated, what unites the private investment firm’s wide-ranging portfolio is a focus on old-economy businesses that are less…

For some workers, getting fired can feel like a career-ending setback. For billionaire entrepreneur Mark Cuban, it became one of the most valuable business lessons of his life. Loading audio narration… During a conversation released Friday with former Pittsburgh Steelers coach Bill Cowher, the former Dallas Mavericks owner reflected on the early jobs he lost before building his first successful company, MicroSolutions.”I got fired from jobs and I realized I wasn’t a very good employee,” Cuban said.Cuban said the problem wasn’t that he lacked skills but that he often clashed with managers because he thought he knew better than they…

Software engineering roles aren’t going away anytime soon — but they are converging. Loading audio narration… At least that’s the case at the Big Four firm EY, according to Dan Diasio, global consulting AI leader. Diasio said software engineers are able to accomplish and build a lot more quickly than they were previously.The shift has pushed the consulting giant to move beyond traditional software engineering lifecycles and toward product development lifecycles. That means training engineers to operate more like end-to-end product builders rather than pure coders.Diasio told Business Insider that roles that were once split across data engineering, software engineering,…

AI is forcing the consulting industry to reinvent itself.The biggest firms are racing to weave the technology into nearly every facet of their businesses — from how consultants execute client projects to how employees are trained, promoted, and measured.McKinsey, BCG, Deloitte, EY, KPMG, PwC, and IBM Consulting are all now hiring more technical talent, building AI tools and AI agents, and pushing staff to use them in their day-to-day work.Business Insider has closely covered how the consulting industry is changing. See our stories below on how AI is reshaping the work, and the firms and startups leading the shift.How the…

This as-told-to essay is based on a conversation with Shanon Morris, a 34-year-old entrepreneur in Ithaca, New York. It’s been edited for length and clarity. Loading audio narration… I’m a Navy veteran, Marine Corps spouse, and the CEO of Trimester Abroad, where I develop solutions that elevate the travel and hospitality experience for new and expecting parents. I’m also in a master’s program in hospitality management at Cornell.I started my career as a surface warfare officer and public affairs officer in the US Navy. I was medically separated from the Navy due to a car accident in 2018.For the next…

The deals may be flowing, but the founders are on ice. Loading audio narration… Billionaire venture capitalist Tim Draper backed Tesla, Skype, and Twitch. The early investments made him billions and boosted the VC firm he founded, Draper Associates. He recently looked for his next big deal in an unusual place: an ice bath.”I took 52 pitches in 52 minutes at below 40 degrees,” Draper wrote on X on Wednesday. “Welcome to my office.”Draper also included a photo of the ice bath. Four people sat around the cold tub, looking directly at Draper. Floating chunks of ice surrounded them.In an…

Cursor, the AI coding startup that recently inked a big SpaceX deal, is gearing up for an Asia-Pacific hiring spree. Loading audio narration… In the next six months, the company plans to hire 200 employees in Singapore, Japan, Sydney, Melbourne, and India, Nick Miller, a field engineer involved with Cursor’s expansion, told Business Insider.The San Francisco-based company is largely focused on adding staff in roles that get its product into customers’ hands: go-to-market jobs, field engineers, and AI deployment engineers.Cursor is also opening a London office in July, with plans for smaller offices across European cities, Miller said.Simon Green, a…

In Canada, user penetration for gambling is notable. Over 60% of Canadians gamble regularly, and the country is a hub for several software providers and online gambling operators.The country has benefited from a liberal approach to gambling, and the Canadian industry is one of the leading gambling regions in the world. The market is expected to be worth in excess of $15 billion by 2026.When online casino gambling first took off, many were drawn to the offshore gray market, but licensing of commercial operators and state-run gambling portals has led to a high level of betting and gaming at sites…

Sam Altman got a whole lot richer Thursday morning. Loading audio narration… The OpenAI CEO has a multimillion-dollar stake in the chipmaker Cerebras, which kicked off the largest initial public offering of the year on Thursday. The company’s stock opened at $350 a share, far above the $185 pricing. For Altman, who staked a piece of Cerebras long before it hit the public markets, that means a windfall.An exhibit from Altman’s ongoing trial against Elon Musk showed that he held 89,373 shares of Cerebras, worth $3.2 million at the end of last year. That’s now multiplied. Cerebras’ stock price was…