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Good morning. Andrew here. We’ve got a probable new Fed governor — at least on a temporary basis. We dive into what President Trump’s pick means for interest rates, Jay Powell and more. Meanwhile, OpenAI released its latest A.I. model, upgrading ChatGPT along the way. (I’ve been playing with it and it is quite something — try it if you can.) And speaking of A.I., we’ve got some creative hacks that a financial C.E.O. has been using. (Was this newsletter forwarded to you?
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<img alt="Stephen Miran, a key economic adviser to President Trump, is seen seated at a table preparing to speak." class="css-3vswge" height="400" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2025%252F08%252F08%252Fmultimedia%252F08db-miran-kmzj%252F08db-miran-kmzj-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3NTQ2NTM5NjcuNTcxMTQ4Nn0:1ukLeR:LaoYSU4hemMLu_G6VlDKCpmMtp8wSvp3NJ524h-pSwA" style="width:100%;height:auto;display:block;padding-top:10px;padding-bottom:8px" width="600"/>
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Stephen Miran, a key economic adviser to President Trump, has been pressing the Fed to lower interest rates.
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Eric Lee/The New York Times
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Trump’s new man at the Fed
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President Trump’s announcement that he would
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nominate Stephen Miran
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, a former hedge fund executive turned top economic adviser, to temporarily fill a vacancy at the Fed puts the White House a step closer to reshaping the central bank.
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If confirmed by the Senate, Miran would get a key vote on interest-rate policy, putting more pressure on the current Fed chair, Jay Powell, to lower borrowing costs even as concerns grow about the inflationary effects of Trump’s tariffs.
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The market response to Miran was swift.
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The dollar fell again this morning against a basket of currencies. His nomination “raises another red flag of risk on U.S. assets” and could rekindle concerns about the so-called
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<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
sell America trade
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, Richard Cochinos, a foreign exchange strategist at RBC Capital Markets, wrote in a research note yesterday.
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And futures traders now anticipate two or three rate cuts this year, with the first coming at the next meeting in September.
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What’s worrying investors:
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Miran has championed Trump’s economic vision, arguing — contrary to many mainstream economists — that Trump’s tariffs are
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<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
a deflationary tool
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that will boost growth. And Miran has called for
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higher tariffs and weakening the greenback
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<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
to bolster American competitiveness and
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<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
revive domestic manufacturing
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.
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<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Last year, Miran
</span>
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co-wrote a report
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<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
for the Manhattan Institute, a right-leaning think tank, that essentially called for the end of Fed independence. He recommended shortening terms of Fed governors to eight years, from 14 years, and that the president should have the power to remove them sooner.
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<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
The appointment increases pressure on the Fed’s political independence.
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<span>
The central bank’s relative freedom from government interference is seen as a kind of North Star for global investors. It was reinforced this spring by the
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Supreme Court,
</a>
<span>
in the face of Trump’s repeated grumbling that he would like to fire Powell.
</span>
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<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
But the chessboard maneuvering at the Fed is complicated.
</span>
<span>
Miran may be on the board of governors for only a few months: Trump has made clear that he sees Miran’s appointment as temporary.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
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What Wall Street remains focused on is what will happen to Powell, whose term as chair is up in May (but who legally can remain a governor until 2028). Trump is drawing up a short list to replace him, with
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Christopher Waller
</a>
<span>
, an existing Fed governor and Trump appointee who has voted for lower rates, emerging as a front-runner, Bloomberg reports.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Others in contention include two Kevins: Hassett, the director of the National Economic Council, and Warsh, a former Fed official.
</span>
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<h3 style="color:#000;font:700 17px/25px arial,sans-serif;margin:5px 0 30px 0;letter-spacing:.2px">
<span>
HERE’S WHAT’S HAPPENING
</span>
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<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
President Trump’s trade war grows.
</span>
<span>
Traders were surprised to learn that U.S. Customs and Border Protection has imposed
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
new levies on the import of gold bars
</a>
<span>
, The Financial Times reports, the
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
latest blow to Switzerland
</a>
<span>
. Brazil and India, who also have been unable to evade bruising tariffs, have
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
vowed to strengthen their trade ties
</a>
<span>
and cooperate more on defense.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Trump potentially opens U.S. retirement accounts to crypto and private equity investments.
</span>
<span>
The president
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
signed an executive order
</a>
<span>
yesterday directing the Labor Department to re-evaluate whether Wall Street and the crypto community could get a bigger piece of the $12.2 trillion held in 401(k) accounts. Bitcoin briefly rallied on the news. In a separate executive order, Trump renewed his campaign
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
to bar “debanking,”
</a>
<span>
the claim that lenders are refusing to do business with conservatives over their political views.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Trump calls on Intel’s C.E.O. to step down over allegations of conflicts of interest.
</span>
<span>
“The CEO of INTEL is highly CONFLICTED and must resign, immediately,”
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
Trump wrote on social media
</a>
<span>
yesterday of Lip-Bu Tan, adding, “There is no other solution to this problem.” The president’s post didn’t elaborate, but came soon after Senator Tom Cotton, Republican of Arkansas, asked Intel’s chair about Tan’s
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
previous business ties to China
</a>
<span>
. (The Wall Street Journal adds that Tan has
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
clashed with the chipmaker’s board
</a>
<span>
over strategy.)
</span>
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<h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
<span>
What’s next for OpenAI
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
A week of big news for OpenAI — including our scoop about its
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
latest fund-raising round
</a>
<span>
and the introduction of its
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
open-source artificial intelligence models
</a>
<span>
— wrapped up yesterday with the
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
unveiling of GPT-5
</a>
<span>
, the company’s flagship A.I. model.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
All are signs that OpenAI, which may soon become the world’s most valuable privately held start-up, is succeeding wildly. But even these developments underscore the huge challenges that the A.I. juggernaut faces.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Point No. 1: GPT-5.
</span>
<span>
OpenAI says the software, which will underpin both free and paid versions of ChatGPT, is better than its predecessors at complex tasks like coding and in feeling “more human.” The advances will probably solidify ChatGPT’s dominance among consumers.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
But the bigger question is whether they will help OpenAI amass paid corporate subscriptions, a sector where the company faces stiff competition from Anthropic and Google — and is an arena in which companies tend to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
rely on a mix of A.I. providers
</a>
<span>
.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Point No. 2: new open-source software.
</span>
<span>
Earlier this week, OpenAI announced two A.I. models that are
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
freely available for public use
</a>
<span>
. They are meant to compete against rival open-source offerings from Meta and China’s DeepSeek.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
OpenAI’s new models aren’t as good as GPT-5. But the risk is that they’re good enough for many companies to use, foregoing expensive enterprise subscriptions — even as OpenAI hopes heavy-duty users will still pay up for the bleeding-edge stuff.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Point No. 3: OpenAI’s soaring valuation.
</span>
<span>
The start-up is in talks with the venture capital firm Thrive Capital and other investors to let them buy shares from current and former OpenAI employees, valuing the company at about $500 billion, DealBook hears. (The negotiations were reported earlier
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
by Bloomberg
</a>
<span>
.)
</span>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="width:100%">
<tbody>
<tr>
<td style="text-align:center">
<img alt="A line chart shows OpenAI’s soaring valuation since early 2023." class="css-xsf469" height="514" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2025%252F08%252F08%252Fbusiness%252F08db-chart%252F08db-chart-jumbo.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3NTQ2NTM5NjcuNTcyMjU5Mn0:1ukLeR:XtRI0f-mW7WqY_4aDwZMJfWn-yUymRC9vQK5XohC-c4" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:20px;line-height:0" width="500"/>
</td>
</tr>
</tbody>
</table>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
That’s up sharply from the $300 billion valuation that OpenAI negotiated with SoftBank and others earlier this year. But the ever-climbing valuation also puts more pressure on OpenAI to overhaul its corporate structure to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
become a for-profit company
</a>
<span>
— a process that needs the assent of Microsoft, a key tech partner — since that would unlock the path to eventually going public.
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
In related news: SoftBank conceded that it
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
needed more time
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
to get its huge Stargate data center venture off the ground, though it’s reportedly
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
buying an electric vehicle plant
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
in Ohio as part of the project. Tesla is
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
disbanding the Dojo supercomputer team
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
that has been working on its driverless vehicle systems. And Elon Musk said that X would
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
put ads in the answers
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
given by its Grok chatbot.
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<table width="100%">
<tbody>
<tr>
<td class="css-36ugzx" style="padding-bottom:15px">
</td>
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<td style="border-top:1px solid #dcdcdc;padding-bottom:15px">
</td>
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</tbody>
</table>
<h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
<span>
UnitedHealth deal gets the green light
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Two years after announcing a $3.3 billion deal to expand its reach into home health and hospice care, UnitedHealth Group has reached
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
a proposed settlement
</a>
<span>
with the Justice Department that allows it to buy Amedisys, a large home-health company, as long as the companies divest dozens of facilities as part of the merger, Reed Abelson reports.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
The Justice Department’s response to the merger was closely watched by lawmakers and regulators, many of whom cited the Amedisys deal as more evidence that UnitedHealth had grown too big, potentially hampering competition. UnitedHealth, whose operations span health care, had $400 billion in revenue in 2024.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
The details:
</span>
<span>
Under the proposed settlement, which must still be approved by a federal judge, the two companies would divest 164 home health and hospice locations across 19 states, estimated to account for roughly half a billion dollars in annual revenue.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
The buyers, according to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
court filings
</a>
<span>
, would be BrightSpring Health Services, a private-equity backed firm, and the Pennant Group. Amedisys will also pay a $1.1 million penalty related to its response to a request for documents from the Justice Department.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
UnitedHealth isn’t completely off the hook.
</span>
<span>
It was unclear how vigorously the Trump administration’s Justice Department would pursue the antitrust lawsuit to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
block the acquisition
</a>
<span>
, which was filed under Joe Biden last November.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
Though the health care conglomerate is being allowed to complete the deal, it continues to be under
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
widespread scrutiny
</a>
<span>
. The company recently announced it was responding to both
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
civil and criminal inquiries
</a>
<span>
from the Justice Department regarding its Medicare business.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
The D.O.J. said forcing the divestment of facilities addressed the concerns.
</span>
<span>
“This settlement protects quality and price competition for hundreds of thousands of vulnerable patients and wage competition for thousands of nurses,” said Gail Slater, the Justice Department’s antitrust chief. The department did not respond to a request for additional comment.
</span>
</p>
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<td class="css-36ugzx" style="padding-bottom:15px">
</td>
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<td style="border-top:1px solid #dcdcdc;padding-bottom:15px">
</td>
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</table>
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<tbody>
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<td style="text-align:center">
<img alt='A blue bubble with white text that reads, "How do you use A.I.? What are your best use cases?" Another bubble underneath indicates a pending response.' class="css-xsf469" height="167" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2025%252F06%252F27%252Fbusiness%252Fdb-talking-ai-new%252Fdb-talking-ai-new-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3NTQ2NTM5NjcuNTcyMzYyNH0:1ukLeR:t9keqMp4VPYHct1ycZDmDoYJAXu2rY640-xgkrFmLNc" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:20px;line-height:0" width="500"/>
</td>
</tr>
</tbody>
</table>
<h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
<span>
Talking A.I. with the C.E.O. of Principal Financial
</span>
</h2>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-style:italic">
Every week, we’re asking a C.E.O. how he or she uses generative artificial intelligence. Deanna Strable, who leads the investment management and insurance company Principal Financial, says she uses it for performance reviews and that the company recently introduced A.I. training for its 20,000 employees. Her responses have been edited and condensed for clarity.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
How do you use A.I. personally?
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
I’m planning a trip with five of my friends, and I asked a chatbot to put together a four-day itinerary, given our age, activities that we like to do.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
We’re also getting a lot of traction with using A.I. to help with performance management: After I get feedback from a lot of people, I can use A.I. to compare it to prior feedback or highlight things that have improved.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
What direction have you given your team on how to use A.I.?
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
It’s changing how I lead. I’ve been training myself to ask leaders who come in with a problem if they’ve explored how A.I. might help solve it differently.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
The first couple times, you get blank stares. But as you continue to do that, they become more inquisitive and ultimately they’re embedding it in how they’re leading their organization. If I can embed it into how I’m interacting with my people, it’ll start influencing down throughout the organization.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
We’re also training all 20,000 of our employees in A.I. fluency and data literacy. You can’t just allow people who are curious about it to drive it. Ultimately, it needs to go through the organization.
</span>
</p>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span>
The leaders of each function will be able to decide how to use enhanced productivity: Do they drive more throughput? Do the same level of throughput with less people? It’ll probably be somewhere in between. We always have more ideas than we have the capability to do.
</span>
</p>
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<span style="font-style:italic">
We hope you’ve enjoyed this newsletter, which is made possible through subscriber support.
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<h3 style="color:#000;font:700 17px/25px arial,sans-serif;margin:5px 0 30px 0;letter-spacing:.2px">
<span>
THE SPEED READ
</span>
</h3>
</td>
</tbody>
</table>
<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Deals
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Lyten, a California start-up, said it would
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
buy the remaining assets of Northvolt
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
, the bankrupt battery maker that was once one of Europe’s most valuable start-ups. (NYT)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Citigroup has poached another top executive —
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
Guillermo Baygual
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
, who will become co-head of M.&A. — from JPMorgan Chase, where Citi’s head of banking, Vis Raghavan, came from. (Bloomberg)
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
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<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Politics, policy and regulation
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Civil cases over environmental rule regulations have
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
plummeted nearly threefold
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
under the Trump administration. (NYT)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
“The FAA wants to hire 9,000 air traffic controllers.
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
It won’t be enough.
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
” (WaPo)
</span>
</li>
</ul>
</td>
</tr>
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</table>
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<p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
<span style="font-weight:700;font-family:arial,sans-serif;color:#000">
Best of the rest
</span>
</p>
<div style="margin:0 auto;max-width:600px;width:100%">
<table>
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-1dtd48z" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
Israel’s security cabinet approved a plan to
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
retake control of Gaza City
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
despite opposition from the military and international allies. Separately: Has the world
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
given up on peace
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
? (NYT)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
Designer “doodle” dogs
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
— goldendoodles, labradoodles, etc. — are the latest billion-dollar industry. (Businessweek)
</span>
</li>
<li style="margin:0 0 10px 0;line-height:27.5px">
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
“Remembering
</span>
<a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
Wesley LePatner
</a>
<span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
” (New Yorker)
</span>
</li>
</ul>
</td>
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3 weeks ago - nytdirect@nytimes.com
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