The class of 2024 is entering the workforce with a list of expectations about what they want from their roles. Job stability is the most important factor when it comes to choosing a new position, and 76% of upcoming graduates said that would make them more likely to apply to a role, according to a recent report from Handshake. Around 75% said the same about job location, 72% want an employer with a positive reputation, and 71% are looking for a high starting salary. On the flip side, only 46% of 2024 graduates said that hybrid work would make them more likely to apply to a position, and 21% said they felt the same way about fast-growing companies. Read more: https://lnkd.in/eGEMnCab
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Updates
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Torstein Hagen founded his cruise line with a few simple principles in mind. Among them: focus on the wealthy and intellectually curious; no nickel-and-diming; and no kids. Almost three decades on, his Viking Holdings Ltd. is among the world’s biggest luxury cruise operators, and Hagen’s fortune may surpass $5 billion once the company completes its initial public offering in New York. Viking seeks to raise as much as $1.3 billion from the share sale, betting that investors are willing to pour money into a sector that was decimated by the Covid pandemic and now is rebounding. Read more: https://lnkd.in/eZCd5DAk
Norwegian cruise mogul’s success secrets: Focus on the wealthy and absolutely no kids allowed
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One of the winners of a $1.3 billion Powerball jackpot this month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week. Cheng “Charlie” Saephan, 46, of Portland, told a news conference held by the Oregon Lottery on Monday that he and his 37-year-old wife, Duanpen, would split the prize evenly with a friend. Laiza Chao, 55, of the Portland suburb of Milwaukie, had chipped in $100 to buy a batch of tickets with them. They are taking a lump sum payment, $422 million after taxes. Read more: https://lnkd.in/e2ZZn_hJ
Cancer patient who won $1.3 billion lottery said he would find a good doctor for himself—'I don't want to die yet,' he prayed
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Fortune reposted this
NEW: I'm back on Fortune's Eye on AI newsletter beat this week while Jeremy Kahn is on a reporting trip. On my mind: Google, Microsoft, and Meta’s earnings reports last week put a spotlight on the hundreds of billions of dollars Big Tech will pour into AI by the end of 2024. But Big Tech’s outsized AI spending habits put an interesting spin on another piece of AI news from last week. The U.S. Department of Homeland Security announced the Artificial Intelligence Safety and Security Board, which will advise it on protecting critical infrastructure—from power grids and internet service to airports—from potential AI threats. The 22-member board, required by President Joe Biden’s AI Executive Order announced in November 2023, is heavy with CEOs from the same deep-pocketed companies and startups powering today’s AI boom. In an era in which the power to shape AI may ultimately be concentrated in the hands of the wealthiest tech companies, the question is: Who gets to decide whether and what kinds of AI systems are safe and secure? Can (and should) these companies be a part of regulating an industry where they have clear vested interests? 🤔 https://lnkd.in/ex7VeuNf
Should Big Tech get to decide whether AI is 'safe'?
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Is the U.S. headed towards a soft landing? Will AI upend your job? Join Fortune at the Future of Finance: Technology and Transformation summit, hosted at the Park Hyatt in New York on May 16. Learn more here 👉 bit.ly/3JxUy3L
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Fortune reposted this
There's nothing the media loves more than talking about the media, which is only part of the reason I so enjoyed talking to Jim VandeHei from Axios, along with my cohost Alan Murray. Even better was hearing about how Alan hired Jim back in the day... and, yes, hearing Jim's take about the challenges in the media landscape.
Leadership Next: Axios CEO Jim VandeHei Calls Out The Problem With Most Media on Apple Podcasts
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Current and former employees say Black leaders were marginalized and their concerns were dismissed.
Adidas made billions off brand deals with Black celebrities but workers say it fell short on its own DEI efforts
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Fortune reposted this
Binance's founder CZ is going to prison—but for only 5 months. He turned a blind eye to money laundering on the world's biggest crypto platform. CZ will be sitting pretty come the fall. I break down why he got off so lightly—and why SBF is hanging with gangbangers ahead of his 25 year sentence. https://lnkd.in/eyHsUm8Y
Binance's founder will follow Bankman-Fried to prison—but their fates couldn't be more different
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#FortuneHealth is excited to welcome Isaac Kohane, chair of the Department of Biomedical Informatics at Harvard Medical School, to our conference May 20–21. See our full list of speakers here 👉 bit.ly/3Wsi6Ph
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Fortune reposted this
Binance founder Changpeng ‘CZ’ Zhao was sentenced to 4 months in federal prison, a far lower sentence than the 36 months requested by prosecutors, with the judge citing Zhao's "history and characteristics" and cooperation with authorities. I wrote about the long journey to the settlement here: https://lnkd.in/e4KFz7rJ
Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months, will enter prison as country’s richest inmate
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