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In today’s workforce, getting good at prompting AI isn’t enough.That’s according to Nestlé CEO Philipp Navratil who oversees more than 270,000 employees worldwide. Navratil said workers still need to understand their business and how to use AI tools, but they also need to understand AI itself.That doesn’t mean everyone needs to understand every technical aspect of how it operates, Navratil said. However, you might need a bigger-picture understanding of the technology. This is part of a series of stories from Business Insider’s conversation with Nestlé CEO Philipp Navratil. To be alerted when the next piece publishes, follow reporter Ana Altchek…

Goldman Sachs is betting that professionals who counsel the wealthy will have a strong future in the age of AI.The bank brought more than 120 new private wealth advisors into its four-week new private wealth advisor boot camp this summer, its largest class ever, and 30% larger than last year’s.AI chatbots, which are increasingly capable of doing more of an advisor’s work, may be able to serve the needs of many middle-class and mass-affluent investors. But managing a fortune requires navigating thorny situations like helping a billionaire plan how to split their money among family members.Those services will require a…

This as-told-to essay is based on a conversation with Joseph LeGare, a 24-year-old project engineer based in Frederick County, Maryland, who works at Rowan Digital Infrastructure, a hyperscale data center developer. It has been edited for length and clarity.I studied philosophy for two years at The Catholic University of America before dropping out and working as an assistant superintendent at a construction company.After about a year, I moved into residential and did administrative work, including daily reports, county inspection scheduling, quality verification, and weekly safety meetings with foremen. I even worked as a materials management specialist at a residential home…

This as-told-to essay is based on a conversation with Karl Strovink, the 52-year-old CEO of Blue Bottle Coffee, who lives between Boston and San Francisco. It’s been edited for length and clarity.I started working at Blue Bottle in 2019 as President and COO after more than 11 years at Converse, where my last title was Vice President and General Manager. I’ve now been CEO of Blue Bottle for more than six years.Here’s a day in my life as a bicoastal CEO.As I’ve gotten older, I’ve started waking up around 6 a.m.I even wake up early on weekends. I wish I…

In the age of AI changing the way people work, some workers feel like they’re under a spotlight, proving their skills with the new technology.That pressure can lead to what workforce intelligence AI company Visier calls “performative AI.” Visier found in a survey of US employees that almost half said they’ve exaggerated either how much they use it or their expertise with it, either to colleagues or leadership. Forty-five percent of workers felt pressure to leverage AI even when they’re not confident about how to do so effectively.Andrea Derler, principal of research and value at Visier, said performative AI happens…

A police officer monitors video surveillance in the real-time crime center at the Irvine Police Department in California in 2024. It’s unclear whether Irvine uses Axon Fusus surveillance software or another software in its crime center. Paul Bersebach/MediaNews Group/Orange County Register via Getty Images hide caption toggle caption i Paul Bersebach/MediaNews Group/Orange County Register via Getty Images Police officers in cities across the U.S. are quick to extol the virtues of real-time crime centers as a game changer that helps them find missing children, monitor large events from the skies and scope out dangerous scenes before putting an officer in…

US colleges might soon have to fork out cash to help their international graduates land jobs in the US.The Department of Homeland Security announced a proposed rule on Wednesday that would require schools to pay fees before recommending F-1 students for Optional Practical Training.OPT is a temporary work authorization for jobs linked to a student’s field of study. It generally allows eligible international graduates to work in the US for up to a year; those with eligible STEM degrees can seek a 24-month extension.If it goes through, the proposal would require US schools to pay $70,000 for a student’s initial…

Skims cofounder Emma Grede said good leaders won’t let their employees get blindsided at work.During an appearance on the “Boardroom” podcast hosted by Rich Kleiman, the entrepreneur discussed how she approaches difficult decisions as a leader.To Grede, effective leadership is about balancing empathy with what the business needs.”You can, at once, be an extremely empathetic leader and have the needs of your team and your people at the absolute forefront of what you’re doing,” Grede told Kleiman. “And yet, what you must have is an enterprise mentality to do what is right for the business.”At the end of the day,…

A top McKinsey & Company executive said AI offers the best hope for easing the US debt burden.Eric Kutcher, a senior partner and chair of McKinsey North America, said Wednesday that the technology could lift the nation’s productivity and help push US GDP growth closer to 4%. Real GDP grew at a 2.2% annualized pace in the second quarter, according to the latest government estimate.”That would be the magic bullet,” he told reporters at the firm’s media day in New York.Kutcher made the statement in response to a question about what he hopes AI could solve for the firm or…

Amazon thinks Thomas Gryta really likes beef jerky. He doesn’t really know why.”I’ve ordered more energy bars and vitamins than jerky,” Business Insider’s interim corporate editor wrote in Slack. He added that his Amazon “About You” customer profile “feels like a judgy accusation from a nutritionist.” Thomas says he doesn’t live with another adult, has kids, doesn’t wear women’s clothes, and only eats jerky from time to time. Amazon disagrees.  Thomas Gryta/Business Insider That was just one of the messages that blew up Business Insider’s Slack on Wednesday morning after I reported that people online were having a field day…