What the world’s hottest MBA courses reveal about 21st-century business | Spotify partners with Google's AI | Facebook Trains Its AI on Your Data. Opting Out May Be Futile | Navigating the New Risks and Regulatory Challenges of GenAI

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What the world’s hottest MBA courses reveal about 21st-century business - The Economist

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions.

STANFORD UNIVERSITY’S Graduate School of Business (GSB) exhorts its students to dream big. When one of its alumni in the class of 2006, Rishi Sunak, became Britain’s prime minister last year, the dean welcomed the news as if it had always been inevitable. “Rishi’s experience at Stanford raised his aspirations,” he proclaimed in a school-wide email. The GSB prides itself on offering the world’s most selective mba programme. Its class of 420 students is less than half the size of that of its arch-rival, Harvard Business School—and represents just 6% of applicants, compared with 10% or so for HBS. Although not all of them can be heads of government, many will follow alumni such as Asia’s richest man, Mukesh Ambani, or Detroit’s mightiest woman, Mary Barra of General Motors, into corporate stardom.

This makes the GSB the perfect place to glimpse the future of management. And there may be no better lens through which to examine it than the MBA programme’s most oversubscribed courses. Where the GSB’s highly driven bosses-to-be choose to spend their precious time speaks volumes about what they think will matter to their careers. And, given the clout they will eventually wield, those revealed preferences are going to define how the world’s most successful companies will be run.

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Spotify partners with Google's AI - Fortune Europe

Spotify, on Thursday, expanded its partnership with Google Cloud to use large language models (LLMs) to help identify a user’s listening patterns across podcasts and audiobooks in order to suggest tailor-made recommendations.

Artificial intelligence-powered LLMs such as OpenAI’s ChatGPT and Google Bard, are trained on a massive amount of data to generate text and other content.

Google Cloud, owned by Alphabet, has several LLMs such as PaLM 2, Codey, Imagen and Chirp that are trained on text, codes, images, audio and video.

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Facebook Trains Its AI on Your Data. Opting Out May Be Futile - WIRED

As Meta, the company behind Facebook, continues to develop its generative artificial intelligence tools, you can now request the removal of some of the personal data the company uses to train its AI model. There are a ton of caveats, though.

Earlier this year, CEO Mark Zuckerberg announced plans to build a range of AI features into Meta’s platforms like Facebook, Instagram, and WhatsApp. Despite the popularity of generative AI in Silicon Valley, murky legal questions remain for the technology, and many people are anxious about its rapid advancement.

Want to stop Meta from using all of your info to improve its AI? The company added a new form to one of its help centers titled “Generative AI Data Subject Rights at Facebook.” With this form, you can request that Meta give you access to the third-party data it uses for AI development and that the personal information is deleted. The operative word here is “request.” There’s no guarantee from the company that it’ll delete it, or that it’ll provide you with the information you’re asking for, even if it’s yours.

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Navigating the New Risks and Regulatory Challenges of GenAI - Harvard Business Review

The use of generative AI promises to continue to grow rapidly. Consequently, leaders must understand the risks and challenges of this new technology and develop policies and practices to guide its usage. This article explains the areas of concern and offers guidance in addressing them.

The rapid rise of generative AI, including large language models (LLMs) such as OpenAI’s ChatGPT/GPT-4, is creating new risks and regulatory challenges for business. Although it is still early days, companies cannot afford to delay developing policies and practices regarding the use of these technologies.

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