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WWW.BUSINESSINSIDER.COMJane Fraser is nearly four years into her effort to transform Citi. Here's what you need to know about how it's going.Jane Fraser is on a mission to bring Citigroup back to its former glory.Her strategy spans layoffs, hiring new leaders, and a multibillion-dollar firmwide initiative.Fraser still has a long way to go on several fronts.When Jane Fraser took over Citi in March 2021, she inherited a bank saddled with regulatory problems and outdated technology that lagged behind its other household-name peers.This year's market headwinds have been kind to Citi's stock price, which is up 33% year to date, but Fraser's overhaul has a long way to go. Banker R. Christopher Whalen wrote this week of the numerous drags on Citi's performance, including high-interest expenses, large funding costs, and undersized non-interest income."It is a big positive that the market following for Citi has improved, yet the financial performance remains a struggle," wrote Whalen. "Citi management clearly want to grow into new areas, but our basic question is where can Fraser realistically take the bank?"It's not for lack of trying. Fraser has brought in several new executives to right the ship, including JPMorgan's Vis Raghavan, PwC's Tim Ryan, and Merrill Wealth Management's Andy Sieg. In September 2023, Sieg joined Citi to fix its ailing wealth business. Should he succeed and should Fraser falter he has a chance of becoming Citi's next CEO. Sieg has made many changes to the leadership ranks with four of his original 14 direct reports departing and a total of at least 33 senior executives leaving within his first year.Citi has added to its leadership ranks, promoting 344 managing directors in early December, its largest class under Fraser. However, these promotions come at a tense time for employees. The bank has kicked off its grueling annual review process that rates employees from best to worst. These rankings influence who gets promoted and who loses their bonus or worse. There is greater stress over the process than usual as the bank has laid off 7,000 employees this year and plans to cut 20,000 jobs by 2026.Perhaps Fraser's biggest challenge is satisfying regulators who have rebuked the bank. In July, two regulators fined Citi $135.6 million for failing to make enough progress in fixing its data-management issues. The bank had agreed in 2020 to work on this problem and others, including poor risk controls, after paying $400 million in fines to the Federal Reserve and the Office of the Comptroller of the Currency. The OCC said in July that the bank had made "meaningful progress overall" but that the agency wanted to ensure Citi allocated enough resources to address the "persistent weaknesses" regarding data.These new fines are despite Citi dedicating billions of dollars to a firmwide initiative to overhaul the bank's technology. To run this "Transformation" project, Fraser picked Citi consumer-bank veteran Anand Selva, naming him as COO in March 2023. Eight current and former employees told Business Insider that they were surprised by his appointment given that he had never held a leadership role in technology or compliance.Since the July fines, Fraser has tapped Ryan, the bank's new tech head, to lead the data effort alongside Selva. Still, she has been dogged by questions regarding the Transformation's progress or lack thereof.That said, Citi might get some breathing room under Donald Trump's second presidential term. Trump has signaled he would cut down on oversight. In a speech at the Economic Club of New York in September, he pledged that if reelected, he would eliminate 10 rules for each new rule.In a research note, Mike Mayo, a Wells Fargo analyst, called Trump's win a "regulatory game changer." He told BI that Citi was still in "regulatory purgatory" but that the bank would likely face less scrutiny for its data-quality issues.If so, it would go a long way toward Fraser's legacy.Latest NewsInside Citi's TransformationCiti Wealth's New Era0 Σχόλια 0 Μοιράστηκε 7 Views
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WWW.BUSINESSINSIDER.COMLatimer AI startup to launch bias detection tool for web browsersLatimer AI plans to launch a bias detection tool as a Chrome browser extension in January.The tool scores text from one to 10, with 10 being extremely biased.Latimer AI hopes the product will attract new users.Bias is in the eye of the beholder, yet it's increasingly being evaluated by AI. Latimer AI, a startup that's building AI tools on a repository of Black datasets, plans to launch a bias detection tool as a Chrome browser extension in January.The company anticipates the product could be used by people who run official social media accounts, or anyone who wants to be mindful of their tone online, Latimer CEO John Pasmore told Business Insider."When we test Latimer against other applications, we take a query and score the response. So we'll score our response, we'll score ChatGPT or Claude's response, against the same query and see who scores better from a bias perspective," Pasmore said. "It's using our internal algorithm to not just score text, but then correct it."The tool assigns a score from one through 10 to text, with 10 being extremely biased.Patterns of where bias is found online, are already emerging from beta testing of the product.For instance, text from an April post by Elon Musk, in which he apologized for calling Dustin Moskowitz a derogatory name, was compared to an August post from Bluesky CEO Jay Graber. An Elon Musk post on X is analyzed for bias and scores 6.8 out of 10, or "High Bias" according to Latimer AI. Latimer AI Musks' post scored 6.8 out of 10, or "High Bias," while Graber's scored 3.6 out of 10, or "Low Bias". Bluesky CEO Jay Graber's post to the platform is analyzed for bias and scores a 3.6 out of 10, or "Low Bias" according to Latimer AI. Latimer AI Latimer's technology proposed a "fix" to the text in Musk's post by changing it to the following: "I apologize to Dustin Moskowitz for my previous inappropriate comment. It was wrong. What I intended to express is that I find his attitude to be overly self-important. I hope we can move past this and potentially become friends in the future."While what is deemed biased is subjective, Latimer isn't alone in trying to tackle this challenge through technology. The LA Times plans to display a "bias meter" in 2025, for instance.Latimer hopes its bias tool will draw in more users."This will help us identify a different set of users who might not use a large language model, but might use a browser extension," Pasmore said.The bias detector will launch at $1 a month, and a pro version will let users access multiple bias detection algorithms.0 Σχόλια 0 Μοιράστηκε 7 Views
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WWW.ARCHDAILY.COMFrom Design Movements to Materials: Reflecting on Architectural Exhibitions in 2024From Design Movements to Materials: Reflecting on Architectural Exhibitions in 2024Presented by:Save this picture!ane Drew and Maxwell Fry with a model of one of their many buildings for the Gold Coast, 1945. / Tropical Modernism - Architecture and Independence at the V&A South Kensington . Image Courtesy of RIBAReflecting on 2024, numerous architectural exhibitions have opened worldwide, addressing various themes, exhibition formats, and featured architects. Architectural design and architecture practice influence our daily lives in subtle and often unnoticed ways, where the end-users embrace built environments as they are. This reaction may arise from a combination of factors, such as a sense of powerlessness to enact significant change after a building is constructed or the experience of growing up in environments over which individuals had little or no agency in shaping. For these reasons, architectural exhibitions serve an essential purpose, offering society a chance to pause, reflect, and critically examine the myriad issues that surface during designing and building. These issues are often overlooked or need to be acknowledged, as practitioners may prioritize delivering projects within strict timelines over exploring more profound reflections.In 2024, museums, galleries, and curators responded to the evolving challenges within the built environment with various approaches. Some exhibitions questioned the ethics of building materials and the practices behind supply chains, drawing attention to the broader implications of material choices. Others focused on documenting architectural movements worldwide, emphasizing their cultural and historical significance and the urgent need to preserve and adapt rather than replace them with entirely new builds. These efforts highlight the role of exhibitions in raising awareness about pressing issues while fostering a more critical dialogue about the architectural discipline.Below is a curated summary of the themes explored through architectural exhibitions in 2024. This compilation underscores the breadth and complexity of architectural opportunities and challenges addressed over the year, spanning topics such as labor practices, material sourcing, sustainability, technological advancements, and the intersections of architecture with historical, theoretical, and social movements. This demonstrates the connections architecture shares with adjacent disciplines, further illustrating its multifaceted impact and opportunities in shaping our society. Related Article "Intelligens. Natural. Artificial. Collective": Carlo Ratti Announces Theme and Title for 2025 Venice Architecture Biennale Reexaming Architecture: From Movements to NationsSeveral exhibitions in 2024 have sought to reexamine the ways we build and design, offering a reflective lens on architecture's evolution and its broader implications. These exhibitions celebrate completed projects and delve into themes that resonate deeply with architectural movements, urban identities, and contextual challenges.Some exhibitions focus on specific architectural movements, such as Tropical Modernism or Capital Brutalism, examining how these styles have influenced the identity and built fabric of particular cities and regions. Others adopt a more pragmatic perspective by exploring how architects address challenging sites, offering a collective resource to inspire future designs that engage with complex conditions. Expanding beyond individual projects or regional contexts, certain exhibitions take a national perspective, using architecture as a lens to reflect on the present, critically assess the past, and envision a more informed and sustainable future for the country. Together, these exhibitions highlight the multifaceted role of architecture in shaping our environments and fostering thoughtful dialogue about its evolving practices.RIBA Presents "Difficult Sites: Architecture Against the Odds" Exhibition in London, UKSave this picture!Victoria and Albert Museum Investigates Tropical Modernism Movements in West Africa, Modern India, and GhanaSave this picture!"Capital Brutalism" Exhibition Explores Washington D.C's Architectural Legacy in United StatesSave this picture!A Lot With Little: Video Installation at the AA School in London Highlights Resource Efficiency in ArchitectureSave this picture!Netherlands on the Drawing Board: Exploring the Past and Present Futures of Dutch Architecture and PlanningSave this picture!Sustainability and Material Innovation in Focus: Architecture's Evolving Green PracticesSustainability and green building practices remain pivotal in architecture, shaping the profession and influencing global social and economic development. As ESG ratings gain prominence among investors and as key performance indicators for companies, the environmental impact of constructing or renovating commercial spaces is increasingly tied to sustainable practices within certification frameworks.However, exhibitions in 2024 delved beyond conventional understandings of sustainability, offering a more holistic perspective. These explorations extended into landscape design and garden futures, the intersection of bio-sustainability with technological innovation, and the urgent need for transparency in addressing issues like forced labor within supply chainspractices that directly impact sustainability efforts.As the architectural community continues to assess and refine what it means to build sustainably, these exhibitions highlight diverse approaches and provide critical insights that could shape and enhance the metrics used to evaluate sustainability.Nieuwe Instituut Hosts "Garden Futures": An Exhibition on Modern Landscape's History and ImpactSave this picture!A Bio-Digital Exploration: ecoLogicStudio Opens Deep Forest Exhibition at the Louisiana Museum in DenmarkSave this picture!Grace Farms Opens Long-Term Exhibition Focused on Forced Labor and Building Materials Supply ChainsSave this picture!Designing the Future of Energy: An Exhibition on Design's Role in the Matter Opens at Vitra Design MuseumSave this picture!Honoring Visionaries: Spotlighting Influential FiguresArchitectural exhibitions provide a unique platform to celebrate influential figuresand the teams behind their workwithin the architectural community and its history. This year, we saw exhibitions honoring visionary artists Christo and Jeanne-Claude, modernist giants such as Paul Rudolph, Lina Bo Bardi, and I.M. Pei, and contemporary practices focusing on rural projects. By reflecting on the contributions of these individuals, these exhibitions offer diverse perspectives across different regions, cultures, and practices, revealing the inspirations and narratives that shape our built environment. In doing so, they humanize otherwise static structures, connecting people to the stories behind architecture.While exhibitions centered on individuals may invite critique for overemphasizing the "starchitect" and potentially overlooking architecture as a collaborative and community-oriented profession, they also provide an intimate, relatable lens through which to explore design. By examining these figures' personal journeys, challenges, and achievements, such exhibitions offer a more approachable and human scale to architectural discourse. Their successes and shortcomings serve as valuable lessons and inspiration for the next generation of architects, reminding us of the profound impact individuals can have on the evolution of the built environment.The MET Opens Exhibition on the Diverse Career of Underrecognized Modernist Architect Paul RudolphSave this picture!Sou Fujimoto's Imaginative Structures: A 3D Drawing Exhibition at the Utzon Center, DenmarkSave this picture!Lindau Art Museum Celebrates Christo and Jeanne-Claude with Exhibition in GermanySave this picture!Rural Rebellion: Exploring the Works of Christoph Hesse Architects Through the Lens of TimeSave this picture!Museum for Architectural Drawing Presents "Lina Bo Bardi - The Poetry of Concrete" in Berlin, GermanySave this picture!First Ever I.M. Pei Retrospective Opens in Hong KongSave this picture!Architecture Beyond Boundaries: Crossing Creative FieldsAs a discipline that intersects with numerous other fields, architecture's intimate relationship with various professions has been a focal point of many exhibitions in 2024. These exhibitions reaffirm architectural design's profound and far-reaching impact and celebrate the benefits of cross-disciplinary collaboration. By showcasing the dynamic exchange of ideas between architecture and other fields, they highlight how architects can draw inspiration from diverse disciplines to enhance their practice.This year, exhibitions explored architecture's connection with fashion, art, neuroscience, and photography, each offering a unique perspective on these relationships. Some exhibitions drew from neuroscience to inform architectural and exhibition design, utilizing neural networks as conceptual inspiration. Others spotlighted architectural designers who, through the exhibition space design, accentuated the design of clothing, brand identities, and visual campaigns. Through these explorations, the exhibitions demonstrated architecture's adaptability and ability to engage meaningfully with other creative fields. These cross-disciplinary exhibitions also serve as a gateway for architecture to reach broader audiences. By framing architecture within contexts that resonate with the general public, such exhibitions foster greater exposure and appreciation for the discipline and encourage more inclusive conversations about its role in informing our world.OMA/Shohei Shigematsu Designs Ethereal Miss Dior Exhibition in Tokyo's Roppongi MuseumSave this picture!Tadao Ando Transforms Historic Scuola Grande in Venice into an Exhibition Dedicated to Artist Zeng FanzhiSave this picture!Lombardini22 and Salone del Mobile's People-Centric Approach to Fair DesignSave this picture!Edmund Sumner Explores Memory and Emotional Spaces with Architectural Photography Exhibition in LondonSave this picture!This article is part of the ArchDaily Topics: Year in Review, presented by Gira.Minimalism with character and clear shapes reduced to the essentials. The Gira design lines are suitable for a variety of furnishing styles, in different colours and materials. With the introduction of the Gira E2 light grey recycled material, Gira is setting a strong example for sustainability and innovation in switch design.Every month we explore a topic in-depth through articles, interviews, news, and architecture projects. We invite you to learn more about our ArchDaily Topics. And, as always, at ArchDaily we welcome the contributions of our readers; if you want to submit an article or project, contact us.Image gallerySee allShow lessAbout this authorJonathan YeungAuthorCite: Jonathan Yeung. "From Design Movements to Materials: Reflecting on Architectural Exhibitions in 2024" 23 Dec 2024. ArchDaily. Accessed . <https://www.archdaily.com/1024953/from-design-movements-to-materials-reflecting-on-architectural-exhibitions-in-2024&gt ISSN 0719-8884Save!ArchDaily?You've started following your first account!Did you know?You'll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream0 Σχόλια 0 Μοιράστηκε 6 Views
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WWW.ARCHDAILY.COMResidential and Office Development HLC Ludwigsburg / Steimle Architekten BDAResidential and Office Development HLC Ludwigsburg / Steimle Architekten BDASave this picture! Brigida GonzlezLudwigsburg, GermanyArchitects: Steimle Architekten BDAAreaArea of this architecture projectArea:6400 ftYearCompletion year of this architecture project Year: 2021 PhotographsPhotographs:Brigida GonzlezManufacturersBrands with products used in this architecture project Manufacturers: Sto SE & Co.More SpecsLess SpecsSave this picture!Text description provided by the architects. The new residential and commercial development is part of an inner-city redensification project that aims to do more than just "fill the gap".Save this picture!Save this picture!Save this picture!The centrally located gap between buildings and the adjoining unwelcome backyard situation with parking areas is transformed into an identity-creating place that upgrades and redefines the quarter near the railway station in the Karlstrasse of the city of Ludwigsburg.Save this picture!Project gallerySee allShow lessProject locationAddress:Ludwigsburg, GermanyLocation to be used only as a reference. It could indicate city/country but not exact address.About this officeMaterialBrickMaterials and TagsPublished on December 23, 2024Cite: "Residential and Office Development HLC Ludwigsburg / Steimle Architekten BDA" 23 Dec 2024. ArchDaily. Accessed . <https://www.archdaily.com/1024932/residential-and-office-development-hlc-ludwigsburg-steimle-architekten-bda&gt ISSN 0719-8884Save!ArchDaily?You've started following your first account!Did you know?You'll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream0 Σχόλια 0 Μοιράστηκε 6 Views
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WWW.YOUTUBE.COMUnreal Engine 5.5 Tutorial: Optimizing Scenes with Nanite Level InstancesIn this video, we'll explore how to optimize scenes efficiently using Nanite Level Instances in Unreal Engine 5.5. Watch as I demonstrate creating, transforming, and editing level instances, showcasing their flexibility and advantages for managing complex scenes. Well also utilize assets from Quixel Megascans to craft a natural environment perfect for forest scenes. Learn how Nanite technology and level instances can simplify your workflow and elevate your projects!Assets Used:Scene : https://www.fab.com/listings/30a4c1de-da96-43d5-af13-e8341db29307 Quixel Megascans: A vast library of photorealistic 3D assets and surfaces to enhance your environments: https://www.fab.com/megascans Start optimizing your scenes today with the power of Nanite Level Instances!0 Σχόλια 0 Μοιράστηκε 7 Views
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GAMERANT.COMPSA: Marvel Rivals Doctor Strange Portal Ruse Has an Obvious CounterInnumerable clips have now shown how Doctor Strange players in Marvel Rivals have conjured portals at the beginning of matches to trick opponents into unknowingly leaping out of bounds and KOing themselves. This will be edged out of most Marvel Rivals matches aside from the rare occurrence when a Doctor Strange player is attempting to be cheeky, and with more players learning about it dailyperhaps the hard way through experience themselvesthey arent likely to fall for it much longer.0 Σχόλια 0 Μοιράστηκε 7 Views
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GAMERANT.COMAll Console Commands in Project ZomboidIt's no secret that Project Zomboid is a difficult game, and while playing it with other people makes the game a little easier, getting overwhelmed by zombies and survival needs are still very real. However, if you're the type who wants to learn without any pressure, or if you're trying to corral your friends into one spot (or make things worse for them), you can use some admin commands to make some magic happen.0 Σχόλια 0 Μοιράστηκε 7 Views