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Showing posts from January, 2025

Is the Research Department in Financial Firms on the Chopping Block? And, What about Low-Value Tasks in Legal Sector?

  Yet another niche expertise which is threatened by AI could be the role of the research analyst in those prominent financial firms. The Financial Times takes a look at the possibility that those businesses will gut the whole department and operate with a few star analysts.  The reality is that large language models perform well in interpreting patterns. Much of the performance of corporations follows a pattern. There are few surprises. Profits generate more profits. Subpar results tend to continue doing that.  The brains at the University of Chicago, reports the Financial Times, did some research with AI. What they found is: "These outperformed median estimates when compared with those of analysts ... LLMs generate insights by understanding the narrative of the earnings release, as they do not have what we may call numerical reasoning — the edge of a narrowly trained algorithm. And their forecasts improve when instructed to mirror the steps that a senior analyst d...

If Booze Becomes Tobacco 2.0 - What Will Happen to Industry's Entertaining/Business Development/Recruitment?

  The beginning of the end of tobacco kicked in with the Surgeon General's report on its danger to health. Well, the Surgeon General is at it again. This time it's alcohol. The warning is about a link with cancer. You don't have to ask ChatGPT how this might play out.  Meanwhile, immediately the issue is: What will be the impact of this health concern on how business operates off-duty. That is, it's standard to include alcohol in entertainment such as organizational awards ceremonies, business development and recruiting. Or maybe it was. Those in the administrative loop responsible for branding, human resources, marketing and legalities are probably already looking into this.  Will Bloomberg Law begin interviewing the leadership at Kirkland & Ellis, Simpson, Jones Day and Paul Weiss about responses to this possible Black Swan development for the social part of their businesses?  There's also humor to be had. For those law firms with offices in London, RollonFri...

Bloomberg Law - Will Its Influence Go the Way of US News & World Report?

  Legacy media, as the grim description goes, is in "freefall." That can include the trade news source for the legal sector Bloomberg Law. According to the New York Post , online (and that's where we go for data and insight) X (which used to be known as "Twitter") is the number one source of news in the world. That's where the players who shape the news hang out.  For example, on X we followed the H-1B visa controversy.  Online we watchers of the legal sector access X, as well as Bluesky, LinkedIn, professional anonymous networks such as Reddit and Fishbowl. In-person we pump the grapevines for not only intel but also the mood about whatevers. Meanwhile, Bloomberg Law News seems to be struggling for page views by becoming the rater of who's up and who's down. Today Bloomberg Law ranks the players in dealmaking: "The M&A powerhouse [Kirkland & Ellis] guided global deals worth about $427 billion, according to Bloomberg Law’s league tables...

You Have Decided to Unretire - Now the Five Critical Steps

The big nut to crack was the decision to give up on the dream of living life without the worry of work. That worry had been replaced with the worry about money. With inflation it is going out faster than you ever anticipated. So, you joined half the other retirees in unretiring. Next are the critical five steps to get back working or starting your own business. I introduce you to those in this article published in Substack.  Affordable Career Coach Jane Genova provides end-to-end career services, ranging from diagnosis of the challenges and fix-it strategies to preparation of resume/cover letters/LinkedIn profiles and how to gain control of an interview. I specialize in over-50 work issues. My edge is a background in marketing communications. For a confidential complimentary consultation please text/phone 203-468-8579 or email janegenova374@gmail.com . Remote and in-person.  

Want More Page Views? How to Do That If You're Not Elon Musk

In some circles of business, it's totally about exposure. You have to remain present in the mindsets of all constituencies. For former whatevers it's the same. Barack Obama, Ellen DeGeneres and Larry Summers keep finding ways to be on some kind of radar.  But the force field of attention is difficult to get started and even more challenging to sustain. The post about you which went viral can settle into the abyss, with nothing like it to follow. The exception is Elon Musk. He can count on not only lots of exposure but that it'll continue to explode in growth. He way outpaces other brandnames in tech. Axios reports on this phenomenon: "Articles about Musk had 1.03 billion page views from Jan. 1 to Nov. 12 this year, up 120% from 2023 and 528% from 2022.Other CEOs are getting written about more, too, but their rates of annual growth (e.g. 85% for Bezos and 44% for Zuckerberg) don't come close." Like The Great Communicator former US President...