Search Results for: economy

Scale AI announces plans for new European headquarters in London

Scale AI announces plans for new European headquarters in London

by • AI, News, Property, Technology

 

Scale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globallyScale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globally. Scale’s United Kingdom (UK) office will serve as the centre of its operations in Europe. The firm is an artificial intelligence company headquartered in San Francisco in the US State of California. The company provides labelled data used to train AI applications. The firm was founded in 2016 by Alexandr Wang and Lucy Guo who had previously worked at Quora. More →

Tentative signs of recovery in UK commercial property market, says the RICS

Tentative signs of recovery in UK commercial property market, says the RICS

by • News, Property

The 2024 RICS first quarter monitor for the UK commercial property market indicates tentative signs that the market is moving into a recovery phase, though there is still ample evidence that there remains a challenging backdrop. Higher borrowing rates are holding back investments along with other structural headwinds such as a weak economy, online shopping, working from home (WFH) and environmental concerns. More →

A philosophical take on meaningful work

A philosophical take on meaningful work

by • Comment, Wellbeing, Workplace

But what exactly makes a particular job an instance of “meaningful work”? Is it just any sort of work people happen to believe is meaningful? Or is it a job with certain objective features?Work is an inescapable feature of the modern world. Most of us, except for a lucky few, spend a significant portion of our lives working. If this is the case, we may as well try and make it meaningful. In a 2019 report, 82 percent of employees reported that it is important to have a purpose in their work and that creating meaningful work was one of their top priorities. But what exactly makes a particular job an instance of “meaningful work”? Is it just any sort of work people happen to believe is meaningful? Or is it a job with certain objective features? More →

US workers gain more freedom to change jobs as government bans noncompete agreements

US workers gain more freedom to change jobs as government bans noncompete agreements

by • Business, Flexible working, News

The US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwideThe US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwide. This means millions of American workers will soon have more freedom to leave their current employers for jobs with competitors or even start their own businesses. The FTC estimates this change will have a significant positive impact on the economy. The agency predicts the creation of 8,500 new businesses every year, along with an average annual pay increase of $524 for workers. Additionally, the rule is expected to lead to lower healthcare costs and a surge in innovation, with estimates suggesting as many as 29,000 more patents filed each year in the coming decade. More →

Most people want to work in jobs that have a positive impact on the world

Most people want to work in jobs that have a positive impact on the world

by • Environment, News, Workplace

A new poll from hiring platform Indeed suggests that people now consider working in jobs that positively impact society (57 percent) and the environment (55 percent) more important than they did when they started their careers. Just over a quarter (26 percent) say they would take a pay cut and 44 percent would consider retraining to enter the environmental sustainability sector. The survey of more than 1,000 workers and job seekers and 500 employers in the UK, highlights the ongoing green skills challenge. Despite the clear appetite for sustainability-related jobs among working people, 42 percent believe there are still too many barriers to entry. More than a quarter (27 percent) have been trying to transition to the sector but have been unsuccessful so far. More →

Open competition launched to find design team for new museum of architecture and design in Helsinki

Open competition launched to find design team for new museum of architecture and design in Helsinki

by • Architecture, News, Workplace design

The Foundation for the Finnish Museum of Architecture and Design, Real Estate Company ADM, the City of Helsinki and SAFA the Finnish Association of Architects have launched an international, open design competition to find a design team for a new 10,050 sq m (GFA) museum building in Helsinki’s South Harbour. The new museum of architecture and design in Helsinki, Finland, is planned to open in 2030 and will combine the Museum of Finnish Architecture and Design Museum Helsinki. These institutions were successfully merged in January 2024, and the new museum will retain and grow the staff of both its predecessors. More →

Microsoft announces new London AI research hub

Microsoft announces new London AI research hub

by • AI, News, Property, Technology

Microsoft AI is opening a new AI hub in Central London. The firm claims that the new Paddington based centre, dubbed Microsoft AI London will ‘drive pioneering work to advance state-of-the-art language models and their supporting infrastructure, and to create world-class tooling for foundation models’, collaborating closely with AI teams across Microsoft and with its partners, including OpenAI.  More →

The significance of women’s health is increasingly acknowledged in the modern workplace

The significance of women’s health is increasingly acknowledged in the modern workplace

by • Comment, Wellbeing

addressing the disparities in women's health could dramatically reduce this statistic, enhancing the lives of billions globallyWomen, on average, outlive men but, as reported by the World Economic Forum (WEF, 2024), spend approximately 25 percent of their lives in poor health. According to the WEF, addressing the disparities in women’s health could dramatically reduce this statistic, enhancing the lives of billions globally. Notably, strategic improvements in women’s healthcare could add an average of seven days of healthy living per year for each woman, cumulatively offering more than 500 additional healthy days over a lifetime. This progression not only promises to elevate the quality of life for women but also holds the potential to boost the global economy by at least $1 trillion annually by 2040. More →

Microsoft is world’s most valuable B2B brand, NVIDIA the fastest growing

Microsoft is world’s most valuable B2B brand, NVIDIA the fastest growing

by • Business, News

Microsoft tops 2024 B2B Brand Valuations, NVIDIA is world’s fastest-growing B2B brand Microsoft remains the world’s most valuable B2B brand, achieving a substantial 60 percent increase in B2B brand value to USD220.4 billion, according to the latest report by Brand Finance, the world’s leading brand valuation consultancy. The B2B brand value of Microsoft accounts for the majority of Microsoft’s total brand value of USD340.4 billion, which includes both B2B and B2C components. More →

London Mayor sets out ambitious plans for Capital’s growth and reinvention

London Mayor sets out ambitious plans for Capital’s growth and reinvention

by • Cities, News, Property

Sadiq Khan, the Mayor of London, is today launching an ambitious plan aimed at creating 150,000 high-quality, well-paid jobs by 2028. This initiative will be unveiled alongside the shadow chancellor, Rachel Reeves. Reeves will say that a Labour administration intends to reset the relationship between the national government and London, while Khan thinks what is good for London is good for the UK. More →

What do people really want from an office design? Some peace and quiet

What do people really want from an office design? Some peace and quiet

by • News, Workplace design

poor quality office design is now thoroughly out of favour, as one in three people (33 percent) have an issue with a lack of privacy in the workplaceNew research from a survey of 2,000 UK office workers by BW: Workplace Experts suggests that poor quality office design is now thoroughly out of favour, as one in three people (33 percent) have an issue with a lack of privacy in the workplace. In fact, over a third (34 percent) ranked the most valuable spaces in the office as available meeting rooms, adequate amounts of breakout spaces, and social spaces, reflecting a desire to have more varied private and collaborative spaces. 27 percent said that they also value wellness spaces (e.g., exercise room, meditation room) and roughly one in 10 (11 percent) said access to outdoor space would influence them to go into the office more often. More →

Sick pay reform should encourage people back into work, government claims

Sick pay reform should encourage people back into work, government claims

by • News, Workplace

A parliamentary committee of MPs has called for a 'long-overdue' boost to statutory sick payA parliamentary committee of MPs has called for a ‘long-overdue’ boost to statutory sick pay (SSP), emphasising the need to strike a delicate balance between workers’ wellbeing and employers’ financial constraints. The Work and Pensions Committee has recommended aligning the SSP rate with the flat rate of Statutory Maternity Pay, a move that they say could significantly improve the financial safety net for workers. More →

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