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Mergers and acquisitions are becoming more science than art as CEOs turn to AI for answers - Fortune   

A recent EY study of 1,200 CEOs found that more than a quarter (27%) of respondents are already making significant use of artificial intelligence (AI) as a part of their mergers and acquisitions (M&A) process, with an additional 44% making initial forays in its application today, showcasing how CEOs are planning to future-proof their business for digital innovation.

Deals today are more competitive than ever, and the right acquisition targets are more difficult to identify and even more challenging to secure. AI can be leveraged to address the challenges of M&A from origination to integration and help drive transformative outcomes.

The traditional process of identifying suitable acquisition targets and conducting due diligence can be time-consuming. Enter AI, the ultimate data cruncher. By analyzing vast amounts of data from financial statements, internal and external structured and unstructured data, including market trends and even online sentiments, AI algorithms can swiftly narrow down potential targets and uncover insights that might have gone unnoticed. CEOs can now make informed decisions with a comprehensive understanding of a target company’s health, market standing, and potential risks.

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Google ‘Zooglers’ might be sending housing costs in one European hub higher than London and New York - Fortune   

Switzerland’s capital city is becoming increasingly unlivable for many of its citizens, as rental and buying prices exceed those in New York and London.

According to data from RealAdvisor, an apartment in the center of Zurich will set the average buyer back around 1,468 Swiss francs (around $1,617) per square foot, though prices in surrounding districts are pushing 1,850 francs/sq. ft.

That compares to around €1,000 (around $1,060) per square foot in Paris and around €790 in London, according to data compiled by Bloomberg. Indeed, with home prices rising more than 50% in the last decade, a study by UBS ranked Zurich as the most at risk of a bursting housing bubble.

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This Grammy Winner Now Has A Best-Selling Brand At Walmart - Forbes   

You probably know Patti LaBelle as the voice behind “Lady Mar­malade.” Or maybe as the star solo act who snagged two Grammy Awards in the 1990s. Perhaps you even recall Out All Night, her short-lived 1992 sitcom. But what you likely don’t know: The Godmother of Soul is a card shark.

“I killed him last night,” she says during a recent afternoon round of Pitty Pat, nodding toward her business partner, Charles Suitt. She sweeps up the cash scattered across her kitchen counter and adds it to a folio pouch bursting with 20-, ten- and five-dollar bills.

LaBelle isn’t just cleaning up at the card table: She’s winning as an entrepreneur, too. Fifteen years ago, she started Patti’s Good Life in Philadelphia, her lifelong hometown, to sell a line of hot sauces. She has since expanded into a whole cupboard’s worth of comfort foods: peach cobbler, sweet potato pie, chicken and biscuits, mac n’ cheese. Every dish is based on one of LaBelle’s own recipes. Voulez-vous manger avec moi? You bet: Gross sales hit nearly $200 million last year. It’s a royalty deal, meaning LaBelle pays a factory to bake her goods, then sells them to America’s largest grocers, including Target and Walmart; the latter alone accounted for $85 million in sales. At the end of the day, Patti’s Good Life pockets about 10%, or $20 million in revenue last year. LaBelle and her son currently own 100% of the company, though she says she’d welcome outside capital with open arms.

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