Frank Adell’s Post

Interviewed by Forbes, Andy Jessy, Amazon’s CEO shares his views on the year ahead, the risks, opportunities and a warning. Here’s a summary of his perspectives. Andy has worked at Amazon for 26 years and on predicting the future he says ➡️ ‘Everything we think we know today may be different in 3 months'. GENERATIVE AI Talking about the wildly transformative disruptive technology generative AI, he highlights 3 points: 1. The high cost of its development. 2. AI is energy-hungry and there isn’t enough energy for it, renewable energy is essential. 3. Having your IT infrastructure in place is critical, otherwise you’ll have a hard time being successful with AI. LEADERSHIP Andy has been at Amazon for 26.5 years and he worked directly with Jeff Bezos for 20 years. This is what he says about leadership. 1. The 16 Amazon leadership principles remain core. 2. Every leader is culturally consistent. 3. As a team we keep adjusting to challenges. INNOVATION Amazon is disrupting the medical world with One Medical. Where you can chat with GPs online and use Amazon’s pharmacy to have your prescription delivered. Here’s what he says about innovation. 1. He warns not to kill innovation through regulation in Western countries as it might open up other spots for innovation that you don’t mean to. 2. Generative AI has the potential to transform the customer experience. For me, the big takeaway is the importance of having a leadership team that adapts to challenges. What are the key takeaways from this for your business? #business #leadership #innovation #generativeai #ai  

🌟 Wow - Talk about saving the best for last at the Amazon Web Services (AWS) Executive Summit! 🌟 Today’s rapid pace often pushes us to rush team formations and leap directly into projects. However, Margaret Heffernan Professor of Practice at Bath University, revisited Bruce Tuckman’s classic model during her keynote to remind us that genuine teamwork unfolds in stages—Forming, Storming, Norming, and Performing. This journey is crucial for building the social capital that underpins our teams. 🤝 At the core of high-performing teams is trust. It not only allows us to truly collaborate but also drives us towards innovations we couldn’t achieve on our own. Margaret’s words at the summit were a powerful reminder: “AI doesn’t replace collective intelligence; it depends on it.” This insight is vital as we increasingly integrate AI into our workplaces, highlighting the necessity of human collaboration. 🚀 The key to success? Collaboration. It creates an environment where innovation is not just supported but sparked. By trusting our colleagues and embracing technologies like AI, we cultivate a synergy that accelerates both our projects and our personal growth.

At a time when the public mood about the economy is noticeably glum, the #Fortune500 CEOs in our annual survey come across as surprisingly sanguine. bit.ly/4bZfZHC Only 28% think the U.S. economy will stumble into recession in the next 12 months. Almost 70% believe the Federal Reserve will lower interest rates before the end of 2024, suggesting that they think policymakers are closer to beating back inflation. And fewer than one in five believe their companies will reduce headcount this year. Like the rest of the business world, these CEOs are preoccupied with AI, but few seem worried about its disruptive impact. Only 22% identified tech transformation as one of their chief worries. As a group, they’re also showing their admiration for AI in other ways: The CEO they most admire is Satya Nadella, the architect of Microsoft’s race to the front of the pack in generative AI. And the stocks they’d personally most like to own are Microsoft and AI-chip dominator NVIDIA.

Last week, our Founder Jamie Savage had the privilege of engaging with Canadian and US policymakers to discuss the crucial task of establishing effective AI governance for small and medium-sized enterprises (SMEs). It took place at the United States Embassy Ottawa and Consulates in Canada and was hosted by the U.S. Chamber of Commerce in collaboration with Google, Amazon, and Microsoft. Jamie was invited to the table and was there to ensure the voices of SMEs were heard.     Considering that SMEs make up 99.7% of all Canadian employers and generate approximately 50% of Canada’s GDP, their role in the economy is undeniably significant. A Microsoft study recently underscored the transformative potential of generative AI, projecting it could contribute an additional $187 billion to the Canadian economy by 2030.    To drive AI adoption and ensure that regulations are inclusive of SMEs’ needs, these are the several key areas that need to be addressed ➡️  https://lnkd.in/gcw93kh7 By focusing on these areas, we can create a robust and inclusive environment that empowers SMEs to harness the full potential of AI, ultimately driving economic growth and innovation.          #AIgovernance #AI #SMEs #USembassy #USchamber #Business #Innovation #Change #Growth #Canada

'Twas a few nights before Christmas when all across town, AI rolled out to turn the economy around. Better decisions, efficiency gains and cost control, Product innovations set to radically overhaul. The leaders awoke from their strategic planning session, To tackle deployment with care and discretion. The models were eager to prove business worth, But wary staff wondered - will AI take our jobs first? So leaders calmed nerves because that was not the intent, This technology for greater purpose was meant. With responsible governance - no place here for greed, And reskilling programs so all employees succeed. Blurring lines between roles of human versus machine, Together reaching potential never before seen. Ushering in a new era of purpose-led production, Earth's greater good through fair digital disruption. So next year prepare for creative destruction's fast wave, But need not worry, there are abundant goals to save. If strategy meets ethics and training reaches all hands, AI will only augment - not replace future man. Here's hoping with foresight and care as our guide, Technological progress is harnessed for human good tide! I wish everyone the happiest of holidays and a phenomenal year ahead! Yours truly, https://lnkd.in/g7CFEPwS #Leadership #Innovators #Microsoft #GPTStrategic

Satya Nadella is without a doubt, a great leader and an influencing speaker. It is a pleasure and inspiration to listen to him while approaching and discussing topics with his transformative vision and strategic prowess. In a focused session on technology's impact, Satya Nadella engaged in a clear and precise dialogue with Klaus Schwab during the Davos 2024, World Economic Forum. 📌 Nadella discussed the rapid evolution of generative AI, emphasizing its applications in healthcare, security, and education. He highlighted AI's potential in advancing scientific fields, its convergence with other technologies in the fourth industrial revolution, and the need for global collaboration and regulations. 📌 The conversation extended to AI's economic impact, with Nadella expressing optimism about its ability to drive productivity and foster global prosperity. He addressed societal concerns, stressing the importance of ensuring AI benefits everyone and advocating for global regulations. It was both a pleasure and a source of inspiration, listening to Satya, discussing topics with his unique transformative vision and strategic acumen. 💡 Satya as Microsoft's CEO, orchestrated a significant shift towards a cloud-first, mobile-first strategy, revitalizing the company's standing in the tech industry. Nadella's leadership is marked by a commitment to innovation, ethical AI development, and a culture of continuous learning and adaptability. His inclusive and empathetic approach to leadership has not only positively impacted Microsoft's workplace culture but has also contributed to the company's broader social responsibility. 💡 Nadella's leadership has steered Microsoft towards renewed success, emphasizing innovation, adaptability, and ethical considerations, and he has earned the respect and admiration of many people around the world. 💡 Satya is a role model and an inspiration for aspiring leaders. #microsoft #ai #satyanadella #wef #davos

Refelcting on his insights shared during the World Economic Forum in #Davos, Microsoft CEO, Satya Nadella emphasized the importance of #responsibleai development and regulation. He stressed the need for the tech industry to be mindful of both the benefits and unintended consequences of technology, urging politicians to collaborate with the tech industry to provide guidelines. When he was asked about the change in his own leadership he mentioned that although he's been 32 years in Microsoft, we are only at year 2 of AI and to succeed you need the confidence of having accomplish something in the past and the humility to learn new things for the future. #AI #Leadership #TechIndustry #WEF2024

I had a great experience speaking about "The Neuroscience of Decision Making" at Google Cloud's event on #AI at the The Ivy Soho yesterday. There is an ever growing need for businesses to innovate, integrate diversity of thought and reappraise existing processes regardless of their stage of growth. Leveraging brain performance and enhance decision making capacity is key regardless of the industry, business need or pain point. In this keynote, we explored: - The processes behind intuitive fast decisions vs slower, more rational complex though processes and how these impact daily personal and business decisions. - The survival mechanism and biases that we operate from in most of our decisions and what this can look like in operational and design processes. - Practical tips on how to re-wire the brain to make better choices for more successful outcomes. Thank you to all the dynamic and engaged leaders in the room who had such interesting stories and backgrounds to share! Thank you Polly Dougan, Holly Bennett, and Jessica Love for bringing me on board and it was great speaking alongside Dr Yin Yin Lü.

This quote about companies driving value to earn the right to survive is why Satya Nadella is a benchmark for mature leader psychology. The statement about improving the company isn’t born of anxiety or opportunistic competition. It’s based in the belief and drive to continuously evolve Microsoft via a focus on understanding and delivering VALUE to the market. Mindsets like his, Jamie Dimon, & John Mackey’s are represented in only about 1% of the population. Thus why adoption of concepts such as #ConsciousCapitalism are difficult. We don't have enough leaders and employees who are able to solve problems unclouded by their own fear of uncertainty. Sam Horn Raj Sisodia Karen Sammon Link to article about Microsoft & Kevin Scott’s AI strategy in comments.

Calling CEO’s! 📞 What are the most significant dilemmas that CEOs encounter when extracting value from AI and machine learning?   Can AI contribute to realizing the value of diversity?   Together with Microsoft and Cisco, ODA Network invites CEOs to leapfrog the state of Diversity, Equity and Inclusion.   Join us and 50+ Top Executives as we unfold the hot topic of AI for inclusive innovation. This round of CEO Executive Roundtable will bring together dedicated CEOs from various industries to explore the potential of AI in promoting inclusivity and drive innovation.   Among keynote addresses from Microsoft and Cisco, we will dive into a diversity workshop with The Diversity Index and learn how to work systematically, efficiently and goal oriented with your DE&I agenda.   📆 12 September 2023 🕗 8-10 am 📍 Munch 1, Edvard Munchs Plass, 0194, Gamle Oslo   Are you a CEO and interested in unfolding AI and DE&I together with peers from across industries? Reach out to us at executive@odanettverk.no.   Membership in ODA Network not required. Kine Dahl, Manav Rihel Kumar, Kristine Dahl Steidel, Trine Strømsnes, Kainaat Qaiser Mir, Gunn Severinsen , Marianne Ekelund   #AIforDiversity #leadthechange