Latest news with #FortuneMagazine
Straits Times
2 days ago
- Business
- Straits Times
S'pore to increase pool of early adopters in AI to complement data scientists, engineers
Minister for Digital Development and Information Josephine Teo (right) spoke with Clay Chandler, executive editor of Asia at Fortune Magazine, on day one of the Fortune Brainstorm AI conference. SINGAPORE - Singapore plans to nurture an intrepid pool of artificial intelligence (AI) users to complement the data scientists and machine learning engineers it is currently training to take the nation into the digital future. 'We're talking about people who are in the professions - lawyers, accountants, doctors - who will become the early adopters of AI and then they show their peers how to make better use of it,' said Minister for Digital Development and Information Josephine Teo on July 22, the first day of the Fortune Brainstorm AI conference at The Ritz-Carlton. Mrs Teo was detailing how small states can develop their AI strategy to compete on a global stage dominated by large nations such as the United States and China during a fireside chat entitled 'Beyond scale: How small nations can lead in the age of AI'. The pool of AI users will have to far exceed the 15,000 AI practitioners whom Singapore already aims to nurture and hire, she said. She noted that the nation's workforce number about 3.5 million including those in manufacturing, healthcare, and financial services. 'They can demonstrate how (AI) can create more value for their organisations,' said Mrs Teo, adding that more details to equip the workforce with AI skills will be announced in the future. Mrs Teo was responding to a question from Fortune magazine's executive editor of Asia Clay Chandler about manpower development, as part of a larger dialogue about how Singapore is distinguishing its AI strategy on a global stage as a small island state. Plans to triple Singapore's talent pool of AI practitioners to 15,000 was first announced in December 2023. The group includes data and machine-learning scientists and engineers who are the backbone of translating AI into real-world apps. Mrs Teo also said that small states can find their own niche to compete in a fast-changing market. In January 2025 , China's DeepSeek launched its generative AI model that the start-up claimed cost only US$5.6 million (S$7.1 million) to train. This is a fraction of the hundreds of millions US tech giants have poured into training their large-language models (LLMs). Since then, Chinese tech leaders have contributed to the market with several low-cost AI services. Said Mrs Teo: 'From the perspective of bringing down costs, innovations such as DeepSeek are very much welcome.' Citing how Singapore found its niche in a language model it developed for the region, she said there is room for innovation even for small states. 'I would also say this whole dynamic is not necessarily only a competitive one, it is also mutually reinforcing,' she said, referring to homegrown invention Sea-Lion. Developed by AI Singapore, Sea-Lion was trained on 13 languages i ncluding Javanese, Sudanese, Malay, Tamil, Thai and Vietnamese, as well as English and Chinese. 'We know that large-language models that are trained primarily on a Western will have difficulties being applied in the South-east Asian context,' said Mrs Teo. 'If you built AI tools on top of these LLMs that didn't incorporate the kind of data that can be found in our part of the world, naturally, the quality and the way it performs and responds to prompts, will perhaps not meet the requirements of Singapore as well as our neighbouring countries.' She added: 'Many companies, when they are thinking about how they can develop for example, chat assistance that could be useful in our context, they would use a combination of both.' Sea-Lion has been tapped by some businesses for its language features, with Indonesia's GoTo Group among the first enterprises to adopt it as a base to build its own AI system. Singapore's space to innovate is expanded when factors such as ways to bring down costs and how AI models can complement each other are considered, said Mrs Teo. Singapore will also continue to engage all countries to build bilateral foundations and make headway in new technological fields, said Mrs Teo. She said this in response to a question from Mr Chandler about how the country can maintain a stance that is strategically unaligned amidst growing tensions between US and China. She cited the country's dialogue with the US on critical and emerging technologies, and a dialogue with China on digital policy. She added: 'They cover different areas of interest that we mutually believe are important for our own countries, but it doesn't prevent us from seeking to understand each other's concerns better, and continuing to find ways to move forward. 'With ASEAN countries, even if we are not ready to move into the era of standards in AI governance, there's nothing to prevent us from agreeing on what the ethical principles could look like first.'
Straits Times
2 days ago
- Business
- Straits Times
Singapore to increase pool of early adopters in AI to complement data scientists, engineers
Minister for Digital Development and Information Josephine Teo (right) spoke with Clay Chandler, executive editor of Asia at Fortune Magazine, on day one of the Fortune Brainstorm AI conference. SINGAPORE – Singapore plans to nurture an intrepid pool of artificial intelligence (AI) users to complement the data scientists and machine learning engineers it is currently training to take the nation into the digital future. 'We're talking about people who are in the professions – lawyers, accountants, doctors – who will become the early adopters of AI and then they show their peers how to make better use of it,' said Minister for Digital Development and Information Josephine Teo on July 22, the first day of the Fortune Brainstorm AI conference at The Ritz-Carlton, Millenia Singapore. Mrs Teo was detailing how small states can develop their AI strategy to compete on a global stage dominated by large nations such as the United States and China, during a fireside chat entitled 'Beyond scale: How small nations can lead in the age of AI'. The pool of AI users will have to far exceed the 15,000 AI practitioners that Singapore already aims to nurture and hire, she said. She noted that the nation's workforce numbers about 3.5 million, including those in manufacturing, healthcare and financial services. 'They can demonstrate how (AI) can create more value for their organisations,' said Mrs Teo, adding that more details on equipping the workforce with AI skills will be announced in the future. The minister was responding to a question from Fortune magazine's executive editor of Asia Clay Chandler about manpower development, as part of a larger dialogue on how Singapore is distinguishing its AI strategy on the global stage as a small island state. Top stories Swipe. Select. Stay informed. Singapore Singaporeans aged 21 to 59 can claim $600 SG60 vouchers from July 22 Singapore Singaporeans continue to hold world's most powerful passport in latest ranking Singapore Woman evacuated from lift in Supreme Court building after falling glass triggers emergency halt Asia Malaysian aide's unresolved 2009 death tests govt's reform pledge despite DAP chief's apology Singapore Prosecution says judge who acquitted duo of bribing ex-LTA official had copied defence arguments Singapore Singapore not affected by haze despite smoke plumes in Sumatra: NEA Singapore Miscalculation of MOH subsidies and grants led to $7m in overpayments, $2m in shortfalls Singapore Ports and planes: The 2 Singapore firms helping to keep the world moving Plans to triple Singapore's talent pool of AI practitioners to 15,000 were first announced in December 2023. The group includes data and machine-learning scientists and engineers who are the backbone in translating AI into real-world apps. Mrs Teo also said small states can find their own niche to compete in a fast-changing market. In January 2025, China's DeepSeek launched its generative AI model that the start-up claimed cost only US$5.6 million (S$7.2 million) to train. This is a fraction of the hundreds of millions US tech giants have poured into training their large language models (LLMs). Since then, Chinese tech leaders have contributed to the market with several low-cost AI services. Said Mrs Teo: 'From the perspective of bringing down costs, innovations such as DeepSeek are very much welcome.' Citing how Singapore found its niche in a language model it developed for the region, she said there is room for innovation even for small states. 'I would also say this whole dynamic is not necessarily only a competitive one, it is also mutually reinforcing,' she said, referring to home-grown invention Sea-Lion. Developed by AI Singapore, Sea-Lion was trained on 13 languages including Javanese, Sudanese, Malay, Tamil, Thai and Vietnamese, as well as English and Chinese. 'We know that large-language models that are trained primarily on a Western will have difficulties being applied in the South-east Asian context,' said Mrs Teo. 'If you built AI tools on top of these LLMs that didn't incorporate the kind of data that can be found in our part of the world, naturally, the quality and the way it performs and responds to prompts, will perhaps not meet the requirements of Singapore as well as our neighbouring countries.' She added: 'Many companies, when they are thinking about how they can develop for example, chat assistance that could be useful in our context, they would use a combination of both.' Sea-Lion has been tapped by some businesses for its language features, with Indonesia's GoTo Group among the first enterprises to adopt it as a base to build its own AI system. Singapore's space to innovate is expanded when factors such as ways to bring down costs and how AI models can complement each other are considered, said Mrs Teo. Singapore will also continue to engage all countries to build bilateral foundations and make headway in new technological fields, said Mrs Teo. She said this in response to a question from Mr Chandler about how the country can maintain a stance that is strategically unaligned amidst growing tensions between US and China. She cited the country's dialogue with the US on critical and emerging technologies, and a dialogue with China on digital policy. She added: 'They cover different areas of interest that we mutually believe are important for our own countries, but it doesn't prevent us from seeking to understand each other's concerns better, and continuing to find ways to move forward. 'With ASEAN countries, even if we are not ready to move into the era of standards in AI governance, there's nothing to prevent us from agreeing on what the ethical principles could look like first.'
Indian Express
4 days ago
- Entertainment
- Indian Express
‘She only likes daddy's matcha, which I always make for her': David Beckham shares what a day in his life looks like
David Beckham is a legend in the football scene, with numerous accolades under his belt. His sharp looks and incredible physique certainly help with his charm and popularity. Married to former Spice Girls member Victoria Beckham, the couple shares four children: Harper, Romeo, Cruz, and Brooklyn. During a recent interview with Fortune Magazine, the professional athlete gave us a glimpse into a typical day in his life, detailing all that he does to support his family. 'I'm always the first one up in the house. I wake up at about 6.30 in the morning. My wife wakes up at 7 am. I'm already downstairs preparing breakfast for our daughter, Harper, before she goes to school,' Beckham revealed that she comes down around 7.20 am, and eats her breakfast — probably oatmeal or sometimes she would have a toast. 'She always has a matcha, which I make. She only likes daddy's matcha, which I always make for her,' the footballer revealed proudly, adding that he drives her to school after that. A concentrated form of green tea, matcha is actually the consumption of whole tea leaf as it is ground into a fine powder, giving the person drinking it 100 per cent nutrients of the leaf. Although it has its roots in China, and later spread to Japan through Zen Buddhists, it is now found almost everywhere, and is frequently referred to as a 'mood- and- brain' food. Discovered by Buddhist monks wanting to stay alert during extended periods of meditation, matcha is known to improve brain power without any of the downsides associated with other caffeinated drinks. Following that, he works out for a while, and then goes to the office where he has his lunch. 'I always make sure, and I am very lucky and I appreciate this — that I can actually be around to pick up my daughter from school,' he said, adding that together they do homework, and have dinner. 'That's it. We watch a movie or we bed early.' Psychologist Anjali Gursahaney told that being a present father while juggling a hectic career can be quite a daunting task, and requires striking the right balance. If not done well, dad guilt might slip in. 'Dad guilt arises from societal expectations, personal beliefs, and the evolving dynamics of parenting roles. Key reasons include traditional gender roles, where the historical perception of fathers as primary breadwinners can lead to guilt if they prioritise work over family time. Modern expectations also play a role, as today's fathers are expected to be emotionally present and actively involved, which can conflict with demanding careers,' she explained. According to her, boundary setting and effective communication can go a long way in keeping both sides happy. Here's a 4-step guide to help you ace work-life balance like Beckham does: Setting Priorities: Define non-negotiable family time, such as attending key events or bedtime routines. Communicating with Employers: Negotiate flexible schedules, remote work options, or family-friendly hours. Sharing Responsibilities: Actively co-parent and discuss expectations with partners to distribute tasks evenly. Mindful Presence: When with family, focus entirely on them without distractions like work emails or phone calls.
TimesLIVE
09-07-2025
- Business
- TimesLIVE
Tennis giant and philanthropist Roger Federer now a dollar billionaire
Tennis icon Roger Federer has joined the billionaires club with his net worth soaring to an estimated $1.3bn (R23.1bn), according to Fortune Magazine. While his 20 Grand Slam titles have cemented his place as one of the greatest players in tennis history, it's his off-court business ventures that propelled him into the financial elite. Surprisingly, Federer's prize money accounts for just a small portion of his fortune. Over his 24-year career, he earned about $130m (R2.3bn) in tournament winnings — a figure dwarfed by the vast earnings from long-standing endorsement deals and investments. Partnerships with luxury brands have garnered millions throughout his career, including: a reported $8m (R142.5m) annually from Rolex; $5m (R89.1m) per year from Mercedes-Benz; and $20m (R356.4m) from Swiss chocolatier Lindt. In 2018 Swiss-South African Federer signed a $300m (R5.3bn) 10-year deal with Japanese apparel brand Uniqlo, further boosting his global appeal.
Yahoo
09-06-2025
- Business
- Yahoo
How many Fortune 500 companies are headquartered in Tennessee? See the 2025 list
Tennessee remains a business stronghold, home to 10 Fortune 500 companies and 23 of America's 1,000 largest companies, according to Fortune Magazine's annual list. Tennessee's representation on the Fortune 500 list has remained steady over the past several years. In 2013, there were nine Fortune 500 headquartered in Tennessee. There have been at least 10 on the list every year since then. The Fortune 500 list represents the nation's largest and wealthiest companies. The list ranks companies in the United States by their total revenues. It comes as no surprise that FedEx was the highest-ranking Tennessee company on the Fortune 500 list, ranking No. 49. Though the shipping company's ranking has faltered slightly in the past three years, it has remained among the top 50 wealthiest companies. FedEx is headquartered in Memphis and employs more than 422,000 people. HCA Healthcare is the next-highest company from Tennessee at No. 61. Headquartered in Nashville, HCA Healthcare operates around 200 hospitals nationwide and has about 271,000 employees, according to the company's website. Other notable Tennessee companies on the list include Dollar General, AutoZone and Eastman Chemical. California is the state with the most Fortune 500 companies in 2025. The state has 58 of the nation's top 500 companies. Texas and New York also have a significant number of Fortune 500 companies, each home to more than 50, according to the Fortune Magazine list. Walmart is ranked No. 1 on the Fortune 500 list, according to the 2025 rankings. The chain has a revenue of about $680,985 million and employs more than 2 million people. Amazon ranked No. 2 on the Fortune Magazine list and UnitedHealth Group took the No. 3 spot. There are 10 Fortune 500 companies in Tennessee, according to the Fortune Magazine's 2025 list. No. 49 - FedEx, Memphis, Tennessee No. 61 - HCA Healthcare, Nashville, Tennessee No. 112 - Dollar General, Goodlettsville, Tennessee No. 226 - International Paper, Memphis, Tennessee No. 227 - AutoZone, Memphis, Tennessee No. 296 - Tractor Supply, Brentwood, Tennessee No. 330 - Unum Group, Chattanooga, Tennessee No. 335 - Community Health Systems, Franklin, Tennessee No. 336 - Delek US Holdings, Brentwood, Tennessee No. 431 - Eastman Chemical, Kingsport, Tennessee This article originally appeared on Knoxville News Sentinel: How many Fortune 500 companies are in TN? See Fortune Magazine's list Sign in to access your portfolio
