From Graphics to AI: Nvidia’s Transformation and Key Takeaways for Businesses

1. Seek and Embrace New Opportunities: For example, Nvidia saw that the PC gaming market was becoming limited. Instead of sticking to it, they used their existing GPUs to explore the AI market. A mid-size company should look for new ways to use its products or expertise to enter and grow in emerging markets.

2. Invest for Long-Term Success: For example, Nvidia invested billions in AI when it was uncertain and not yet profitable. This long-term commitment eventually paid off with huge returns. Mid-size companies should be willing to invest time and money into promising but unproven areas, understanding that it might take years to see results.

By SHERIN SHIBU | JUL 24, 2024
Read the original article at ENTREPRENEUR

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From Dental Supplies to Car Rental Success: Stephen Alvarez’s Journey with Turo

ENTREPRENEUR – Stephen Alvarez, 26, transitioned from working at a dental supply company to becoming a successful Turo host. Initially, he supplemented his income by driving for Uber and owning a few cars. In 2018, inspired by an Instagram ad about a successful Turo host, Alvarez listed his cars on the platform. His father had instilled the value of self-investment and opportunity-seizing in him. He grew his fleet to 240 cars and earned $170,000 monthly. He sold a stake in the business and now manages the team. Alvarez believes anyone can do this with time and effort. Unlike traditional rental companies, Turo allows customers to select specific vehicles and avoid long lines. The app enables seamless vehicle access and return, providing a smooth and efficient rental experience.

By AMANDA BREEN | JUL 9, 2024
Read the original article at ENTREPRENEUR

Turning Boeing Around: Essential Strategies for Cultural and Technological Renewal

1. Focus on Culture Change: Create a unified mission and clear purpose at all levels. Example: NASA’s mission to reach the moon unified everyone from astronauts to janitors. Apply a similar approach to instill a clear focus, such as “Build the best airplanes and sell them.”

2. Prioritize Innovation: Invest in new technologies and products to regain industry leadership. Example: Boeing once led with models like the 747 but now trails competitors. Develop new products to compete with Airbus and others, focusing on long-term technological advancements.

By Emma Burleigh and Azure Gilman | AUG 1, 2024
Read the original article at FORTUNE

AI Will Increase Phishing Scams: Strategies for Mitigation

HBR – AI technology is significantly increasing the quantity and sophistication of phishing scams, posing heightened cybersecurity risks. These AI-driven attacks are more personalized and convincing, making them harder to detect. Organizations must implement advanced security measures, including AI-based detection systems, continuous employee training, and stringent email authentication protocols. Managers should focus on fostering a proactive cybersecurity culture, prioritizing regular updates of security practices, and ensuring robust incident response plans to mitigate the impact of these advanced threats.

By Fredrik Heiding, Bruce Schneier, and Arun Vishwanath

See full article at Harvard Business Review

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