Four-day workweeks might have all the buzz, but one major tech company is going in the opposite direction.

Samsung is implementing a six-day workweek for all executives after some of the firm’s core businesses delivered lower-than-expected financial results last year.

A Samsung Group executive told a Korean news outlet that “considering that performance of our major units, including Samsung Electronics Co., fell short of expectations in 2023, we are introducing the six-day work week for executives to inject a sense of crisis and make all-out efforts to overcome this crisis.”

Lower performance combined with other economic uncertainties like high borrowing costs have pushed the South Korean company to enter “emergency mode,” per The Korea Economic Daily.

Related: Apple Is No Longer the Top Phonemaker in the World as AI Pressure and Competition Intensifies

Executives at all Samsung Group divisions will be affected, including those in sales and manufacturing, according to the report.

Samsung had its worst financial year in over a decade in 2023, with the Wall Street Journal reporting that net profit fell 73% in Q4. It also lost its top spot on the global smartphone market to Apple in the same quarter, though it reclaimed it this year.

Though employees below the executive level aren’t yet mandated to clock in on weekends, some might follow the unwritten example of their bosses. After all, The Korea Economic Daily reports that executives across some Samsung divisions have been voluntarily working six days a week since January, before the company decided to implement the six-day workweek policy.

Entrepreneur has reached out to Samsung’s U.S. newsroom to ask if this news includes executives situated globally, including in the U.S., or if it only affects employees in Korea. Samsung did not immediately respond.

Research on the relationship between hours worked and output shows that working more does not necessarily increase productivity.

A Stanford project, for example, found that overwork leads to decreased total output. Average productivity decreases due to stress, sleep deprivation, and other factors “to the extent that the additional hours [worked] provide no benefit (and, in fact, are detrimental),” the study said.

Related: Samsung’s Newest Galaxy Gadget Aims ‘To See How Productive You Can Be’

Longer hours can also mean long-term health effects. The World Health Organization found that working more than 55 hours a week decreases life expectancy and increases the risk of stroke by 35%.

The same 55-hour workweek leads to a 17% higher risk of heart disease, per the same study.

https://www.entrepreneur.com/business-news/samsung-6-day-workweek-for-execs-company-in-emergency-mode/472937

^{This article originally appeared on Business Insider.}

Meta’s large language model and AI assistant are getting upgrades.

On Thursday, the company released the first models of Llama 3 in two sizes, 8B and 70B parameters. They’ve also been integrated into Meta AI, the company’s AI assistant.

“With this new model, we believe Meta AI is now the most intelligent AI assistant that you can freely use,” CEO Mark Zuckerberg said Thursday in an Instagram post.

Meta said in a blog post Thursday its newest models saw “substantially reduced false refusal rates, improved alignment, and increased diversity in model responses,” as well as progress in reasoning, generating code, and instruction.

“With Llama 3, we set out to build the best open models that are on par with the best proprietary models available today,” the post reads. “This next generation of Llama demonstrates state-of-the-art performance on a wide range of industry benchmarks and offers new capabilities, including improved reasoning. We believe these are the best open source models of their class, period.”

Though Meta bills Llama as open-source, Llama 2 required companies with more than 700 million monthly active users to request a license from the company to use it, which Meta may or may not grant.

In the near future, Meta hopes to “make Llama 3 multilingual and multimodal, have longer context, and continue to improve overall performance across core LLM capabilities such as reasoning and coding,” the company said in the blog post.

So what do the changes mean for Meta AI now?

The AI assistant can help with tasks like recommending restaurants, planning trips, and making your emails sound more professional.

Using Meta AI’s Imagine feature also now produces sharper images faster: They’ll start to appear as you’re typing and change “with every few letters typed,” according to a press release issued Thursday.

Meta AI is available across Facebook, Instagram, WhatsApp, Messenger, and on browsers. The company says multimodal Meta AI is also coming to its Ray-Ban Meta smart glasses soon. It’s rolling out in English in over a dozen countries outside the US.

As for what comes next, Meta says it’s working on models over 400B parameters that are still in training.

“I don’t think that today many people really think about Meta AI when they think about the main AI assistants that people use,” Meta CEO Mark Zuckerberg told The Verge in an article published Thursday. “But I think that this is the moment where we’re really going to start introducing it to a lot of people, and I expect it to be quite a major product.”

Meta AI, of course, faces stiff competition from better-known AI assistants, including the likes of OpenAI’s ChatGPT, Microsoft’s Copilot, and Anthropic’s Claude.

https://www.entrepreneur.com/business-news/meta-ai-unveils-first-two-versions-of-llama-3/472938

As the conversation around AI technology and its potential dangers and benefits becomes more mainstream, one billionaire is doubling down on his desire to use the technology for good to help find solutions to climate change.

On Thursday, Jeff Bezos’s Bezos Earth Fund announced that the organization would be donating $100 million in grants to groups through the “AI for Climate and Nature Grand Challenge,” which will seek to help determine how “modern AI might help address climate change and nature loss” and “inspire deeper collaboration between groups on the front line of environmental solutions and leading AI technology providers.”

Related: Jeff Bezos Donates $123 Million to Combat Homelessness

The competition will have multiple rounds addressing different areas of focus and concern — for example, the first round will center on the areas of sustainable proteins, biodiversity conservation, and power grid optimization. Each round will also include a “Wild Card” category for those wishing to submit a proposal that doesn’t fall into the selected categories.

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There will be two funding phases per round. In the first, up to 30 seed grants will be given to the top groups “promising AI ideas addressing the focus areas,” while the second phase will allow these awardees to apply for grants up to $2 million as well as receive mentorship and access to “computing infrastructure and relevant datasets.”

The Bezos Earth Fund said that it will accept applications from “practitioners, researchers, and innovators in universities, NGOs, private companies, and organizations” but that proposals from individuals will not be accepted.

“The future is unlikely to be characterized by straight lines and gentle curves, but rather by unexpected changes and tipping points, good or bad,” Bezos Earth Fund President and CEO Dr. Andrew Steer said in a company release. “The arrival of AI will potentially help solve very difficult challenges. With this program, we hope to make a helpful contribution.”

Applications officially open in May 2024 and those interested can apply next month, here.

Related: Eva Longoria, Bill McRaven Win Jeff Bezos Award for Charity

Last month, Bezos awarded Eva Longoria and Admiral Bill McRaven each $50 million to give to their charity of choice through the Bezos Courage and Civility Award.

Bezos revealed exclusively to CNN in 2022 that he plans to give most of his wealth away in his lifetime. As of Thursday afternoon, his net worth was an estimated $203 billion.

https://www.entrepreneur.com/business-news/bezos-earth-fund-donates-100m-to-ai-fighting-climate-change/472940

The new social media app, Airchat, which has attracted high-profile users and investors from OpenAI’s Sam Altman to Accomplice VC’s Jeff Fagnan, is currently a calm departure from the usual cacophony of chatter on social media — even as it puts users’ voices front and center.

Airchat first launched in mid-2023 and is still invitation-only. Bloomberg reported this week that invites have been heavily circulating in Silicon Valley recently after the app relaunched this month. More than 30,000 of Airchat’s 45,000 downloads occurred this month, per the publication.

Entrepreneur secured an invite and tested the app to see if it was worth the hype.

If your eyes glaze over at long social media posts, and you find yourself overstimulated by endless videos, Airchat is a happy medium.

Anyone who has scrolled through Facebook or Threads can figure out Airchat quickly. The app combines the standard newsfeed format with audio notes straight from users. Users speak into the app, they don’t have the option to type posts, and as their followers scroll through their feeds, they hear the voice in addition to seeing the AI-generated transcript.

If a user wants to comment on a post, they record an audio of their thoughts as well. The whole app is a series of ongoing conversations.

^{Airchat feed of audio recordings and AI-transcribed posts. Credit: Entrepreneur}

Airchat’s concept is to allow users to tune into conversations happening right now, not to catch up on what they’ve missed.

“I want a house party in my pocket,” Airchat co-founder Naval Ravikant told Bloomberg. “I want to be able to pull out this phone and talk to someone interesting and delightful and witty anytime I want.”

Related: OpenAI Is Holding Back the Release of Its New AI Voice Generator

What Works

When I scrolled through my Airchat feed, I found that the presence of other peoples’ voices captured my attention, but in a way that was less abrupt than a TikTok video or YouTube Short. I was also more present than if I had been scrolling through text-heavy posts on Facebook.

That said, there is an option to upload videos that I didn’t see anyone using. It was an audio-centered platform.

I could either press the play button at the bottom right-hand corner of the screen and have the newsfeed play all of the audio clips of people I followed, or manually scroll through and find the clips that interested me the most.

If your eyes glaze over at long social media posts, and you find yourself overstimulated by endless videos, Airchat is a happy medium.

Influencers aren’t the focus of the app, with Ravikant saying that the app is more of a social messenger like WhatsApp or WeChat than an influencer platform.

The two founders, Ravikant and former Tinder exec Brian Norgard were both active on Airchat.

^{Post by Ravikant. Credit: Entrepreneur}

^{Post by Norgard. Credit: Entrepreneur}

My overall impression was that the app was both intensely personal and thoughtful in a way that mainstream social media apps aren’t at the moment.

When comparing Airchat to Twitter, now X, Ravikant summed it up perfectly in an Airchat audio. He said that Twitter was once his preferred social media until he saw hundreds of people rephrase what he said in different ways.

“Or I would see people copying the same content a year later or two years later,” he continued. “And you kind of want to say, really? Let’s talk in person. Get in the ring… And that’s what I think this app does. It really allows the people who are incredibly witty to really shine. Or the people who are incredibly empathetic.”

Hearing Ravikant speak added a human element to the app. As social media contends with bots, having that touch of authenticity with tone is important.

Unlike competing social audio app Clubhouse, Airchat isn’t about having live conversations, it’s about having ongoing ones that play out over time with no pressure to respond right away. Clubhouse’s mission of friends over followers seems to be one that Airchat abides by too, but the user experience for both apps is different.

What Could Use Improvement

Since synthetic voices are already being used in scams, it could undermine the genuineness of Airchat if users employ it.

Related: I Tried 3 AI Headshot Generators and There Was a Clear Winner

One thing I noticed that could be improved was that even when I exited the app, the audio feed kept playing in the background. Locking my phone didn’t pause the audio either. I’m thinking about the success of white noise podcasts and channels on Spotify and the possibilities on Airchat for the same sort of thing, even in a smaller community.

Why I’ll Use Airchat Again

I’m most enthusiastic about Airchat prioritizing human connection and voice in social media — and doing so asynchronously, which allows users to drop in on conversations. The quality-over-quantity approach that Airchat’s co-founders are taking bodes well for the app’s overall quality.

Everyone was behaving like they were at a dinner party.

Another possible use of the Airchat app could be to make new friends or even date.

The content was also well-moderated and thoughtful; there was nothing inappropriate on my feed. Everyone was behaving like they were at a dinner party, which made me wonder if it was the audio format of the app that added an extra layer of civility to discussions, or if the app’s relatively small, invitation-only user base created the atmosphere.

I closed the Airchat app feeling more in touch with the world, not more disconnected from it, which is how I usually feel after browsing through major social media. The app is easy to use and the original discussions happening on the app between real people spoke to its quality.

I’m thinking about what to say when I use it again.

https://www.entrepreneur.com/business-news/i-tried-airchat-silicon-valleys-trendy-social-media-app/472917

The FBI has issued a new warning of a phishing scam that’s been targeting Americans using toll roads via SMS.

Called a “smishing” grift (a hacking scam that’s performed using fake SMS text messages), and the FBI said that it has received over 2,000 complaints across three different states from people alleging they were contacted through text messages and told they had unpaid toll fees.

The FBI estimates that the scheme has been active since early March.

Related: Andy Cohen Lost ‘A Lot of Money’ in Sophisticated Bank Scam

“(State Toll Service Name): We’ve noticed an outstanding toll amount of $12.51 on your record,” one example of the fake message reads. “To avoid a late fee of $50.00, visit https://myturnpiketollservices.com to settle your balance.”

“Smishing,” which is a combination of the words “phishing” and “SMS,” involves using fake links to trick victims into “downloading malware, sharing sensitive information, or sending money to cybercriminals.”

The FBI said the messages come from numbers from all different states but did not specify the three states that have been affected so far.

However, the Pennsylvania State Police issued a warning to residents and visitors earlier this month, making it clear it was one of the states affected.

“On Sunday afternoon, the PA Turnpike was advised of a smishing scam that is targeting Pennsylvania residents with text messages requesting personal financial information to settle outstanding toll amounts,” the organization warned. “Similar scams have been reported by toll agencies across the country over the past several days.”

Related: ‘Card Draining’ Is the New Retail Scam

Those who think they’ve been affected by the scheme are encouraged to file a complaint online with the IC3 and include the phone number that the fake message came from, as well as the link used in the message.

Victims should also delete any “smishing” texts that they received and check their actual toll balance by using their toll service’s legitimate website or calling their customer service.

https://www.entrepreneur.com/business-news/fbi-says-new-sms-text-grift-alleges-unpaid-toll-road-charges/472932

^{This article originally appeared on Business Insider.}

Agriculture equipment company John Deere is on the hunt for a different kind of CTO.

The brand on Tuesday announced a two-week search to find a “Chief Tractor Officer” who would create social media content to reach younger consumers.

One winning applicant will receive up to $192,300 to traverse the country over the next several months showcasing the way John Deere products are used by workers, from Yellowstone National Park to Chicago’s Wrigley Field and beyond.

“No matter what you do — whether it’s your coffee, getting dressed in the morning, driving to work, the building you go into — it’s all been touched by a construction worker, a farmer, or a lawn care maintenance group,” Jen Hartmann, John Deere’s global director of strategic public relations, told AdAge.

To kick off the search, John Deere tapped NFL quarterback Brock Purdy (who will presumably be a bit busy this Fall to take the job himself) to star in a clip in which he attempts to set out on a road trip in an industrial tractor.

Suited up in the obligatory vest, work boots, and John Deere hat, Purdy’s progress is interrupted by teammate Colton McKivitz hopping into the cab while a string of messages floods in from other athletes and influencers expressing interest in the job.

The clip also represents the first time that the 187-year-old company has used celebrities to promote itself, Hartmann told AdAge.

According to the contest rules, entrants have until April 29 at midnight to submit a single 60-second video making their pitch for why they should be the face and voice of the company.

In addition, entrants must live in the 48 contiguous states or DC — sorry Hawaii and Alaska residents. Interestingly, any AI-generated submissions are prohibited, too.

Videos will be judged against four categories — originally, creativity, quality, and brand knowledge — after which five finalists will be chosen and notified after May 17.

https://www.entrepreneur.com/business-news/john-deere-hiring-cto-chief-tractor-officer-tiktok/472873

Country star Jelly Roll, 39, is having a banner year, but a lawsuit filed last week in Pennsylvania court claims that his past reputation is causing a local band “irreparable harm.”

A wedding band based in Chadds Ford, Penn., a town just outside of Philadelphia, called “Jellyroll” is suing the country musician for trademark infringement and “unfair competition.”

The band, which has been around since the 1980s, claims that it owns the trademark for the name and has sent Jelly Roll (the country singer) and his team a cease-and-desist letter to change his stage name.

Jelly Roll’s team responded via email to discuss, according to the suit.

“Several conversations ensued and at one point Defendant’s counsel inquired as to whether Defendant really was in competition with Plaintiff,” the suit states.

But the conversations did not work out, and the 80s wedding band is claiming that Google search results about Jelly Roll’s past are harming their business.

“Defendant’s unapologetic continued infringing acts and conduct, unless enjoined by this Court, will continue to cause consumer confusion, mistake, and deception,” the lawsuit, which was obtained by FOX Business, alleges. “Because of Defendant’s troubled past, which includes a felony conviction and imprisonment, such association as averred above has caused additional harm to Plaintiff among the public and trade.”

Jelly Roll was in and out of jail for 10 years starting at age 14 for a number of charges including aggravated robbery, drug possession and shoplifting.

It’s noted in the lawsuit that Jelly Roll (the singer) has a space in his name while the band has their name as one word.

Related: Bon Jovi, Darius Rucker Warn About AI Tech in Music Industry

Jelly Roll began his path to country stardom in 2021 with his album “Ballads of the Broken,” which gave the singer his first major hit with “Son of a Sinner.” It peaked at No. 31 on the U.S. Billboard Hot 100.

Most notably, he won the 2023 CMA Award for New Artist of the Year after the success of his second album Whitsitt Chapel, which came out in 2023 and debuted at No. 1 on Billboard’s Top Rock & Alternative Albums chart. In his acceptance speech, he delivered a powerful message that quickly went viral.

“I don’t know where you’re at in your life or what you’re going through, but I want to tell you to keep going,” he said. “I want to tell you, ‘Success is on the other side.'”

According to Celebrity Net Worth, Jelly Roll is worth an estimated $4 million.

Related: Twitter Sued by 17 Music Publishers Over Copyright Infringement

https://www.entrepreneur.com/business-news/jelly-roll-sued-by-wedding-band-jellyroll-for-over-trademark/472866

A new report released on Wednesday by Ameriprise Financial found that a majority of Gen X and young Boomer couples have delayed taking action on retirement.

The financial services company surveyed 1,500 U.S. couples within 10 years of retirement, between the ages of 45 and 70. The goal was to understand how couples of a certain income bracket think about money: Nearly three out of four couples surveyed indicated that they had been together for at least 20 years and all couples had at least $100,000 in investible assets.

The study found that a quarter of couples hadn’t yet agreed on how much money they needed to save for retirement or spend on children and grandchildren both now and as part of their estates.

Related: Here’s One Thing Americans Would Take a Pay Cut For — Besides Remote Work

Meanwhile, two in five couples did not have a financial plan in place, with nearly the same amount admitting that they had yet to figure out how to make the same amount of money as their current paychecks in retirement.

The report also found that 51% of couples had not set up an estate plan, which is a collection of documents that includes a will but adds in additional protections that apply while a person is alive, like a letter of intent, healthcare power of attorney, and guardianship designations.

The advantage of an estate plan, according to Find Law, is that it establishes what the person wants to happen if they become unable to communicate their wishes on their own and require someone to take care of them.

“Our research shows couples trust one another and share the same dreams for retirement, but that doesn’t necessarily mean they’ve mutually agreed on how they’ll spend, save, and give away their money when the time comes,” said Marcy Keckler, senior vice president of financial advice strategy at Ameriprise. “Some couples avoid discussing these topics because they feel overwhelmed – especially knowing that unexpected events can happen at any time – but putting it off can lead to challenges down the road.”

Interestingly, some respondents said that they had money saved away that their partner didn’t know about. One in seven of the 3,000 people surveyed said that they had a secret account, and half of them said that the balance in that account was more than $10,000.

Nearly a quarter of respondents with secret accounts had balances of $50,000 or more.

Related: The No. 1 State to Retire in Might Not Even Be on Your Radar

Still, the survey found that 94% of U.S. couples say they’re honest with each other about finances, and 91% have the same retirement goals— but most have delayed taking action.

Longstanding couples, who had been together for at least 20 years and who comprised 72% of the survey respondents, said that their top three pieces of advice were to communicate openly about financial goals, find healthy ways to resolve financial disagreements, and choose a financial advisor together.

“The sage wisdom from these couples is clear: getting on the same page with your spouse or partner about money and retirement is critical,” Keckler said.

Related: Kevin O’Leary Says ‘Do Not’ Merge Finances, Bank Accounts With Your Spouse: ‘I Forbid It in My Own Family

https://www.entrepreneur.com/business-news/couples-survey-secret-bank-accounts-no-retirement-planning/472857

^{This article originally appeared on Business Insider.}

Tesla told staff it was laying off more than 10% of its workforce on Sunday night, but some workers didn’t realize they were laid off until they showed up at the company’s facilities, five current or former workers told Business Insider.

The cuts impacted engineers and production associates alike. At Tesla’s factory in Sparks, Nevada, workers faced a roughly two-hour line to get into the facility on Monday morning as a result of badge checks, one worker said.

At the factory, the security team was scanning the badges of workers coming out of the shuttles that ferry people between the factory and nearby parking lots, said two current Tesla workers who requested anonymity since they weren’t authorized to speak about the matter. Typically, security guards inspect workers’ badges at the site, but they don’t usually scan them directly, the two workers said. On Monday morning, the officials picked out the workers who’d been laid off and sent them back in separate vans, the two workers said.

Three other former Tesla employees said workers at the Fremont factory were told by security that if their badges didn’t work, they were no longer employed.

Tesla employees who were terminated received notice via their personal emails on Sunday night, and their access to Tesla systems was revoked, four workers said. The companywide email that Elon Musk sent announcing the cuts was delivered shortly before midnight PT on Sunday, according to a time stamp on the memo viewed by BI.

“We have done a thorough review of the organization and made the difficult decision to reduce our headcount globally. Unfortunately as a result, your position has been eliminated by this restructuring,” read a separate email notifying impacted employees they’d been laid off, according to a copy viewed by BI.

The email sent directly to laid-off staff said the cuts would be effective immediately and workers would receive information regarding their severance within 48 hours.

The same day Tesla announced layoffs, at least two executives resigned from the company. The senior vice president of powertrain and electrical engineering, Drew Baglino, and the vice president of public policy and business development, Rohan Patel, said on X they had left Tesla as of Sunday.

A spokesperson for Tesla didn’t respond to a request for comment. Ahead of the layoffs, Tesla employed more than 140,000 workers globally, including over 3,000 at its factory in Nevada.

Tesla workers aren’t the first to unceremoniously discover they’ve been terminated while trying to access their former place of work. Last year, some former Google employees told BI they learned they’d been laid off when they couldn’t badge into the office.

https://www.entrepreneur.com/business-news/tesla-workers-showed-up-to-work-didnt-know-were-laid-off/472814

Despite many employers mandating that employees come back into the office, some workers who experienced remote work during the pandemic are never going back.

Now, many of these remote workers are taking the opportunity to move to places better suited for the work-from-home life.

A new report from global HR platform Remote.com examined 100 popular remote cities across the globe, ranking them based on factors including the quality of life they provide residents, safety level, internet infrastructure, current economic factors, and more.

Only one U.S. city cracked the top 10 — Portland, Maine.

“Immigrant populations have increased diversity of a traditionally hard-to-reach region, so international visitors may feel more at home here than in the rest of Maine,” the report states. “Housing costs are on the rise in this coastal town but are still below the national average.”

The next U.S. city comes in at No. 19 (Honolulu, Hawaii, for its “legendary beaches” and welcoming remote work policy), followed by No. 20, Des Moines, Iowa, for its “reasonable housing costs” and a plethora of breweries (that close early, the report notes).

New York City came in at No. 21.

The No. 1 city worldwide for remote workers is Madrid, Spain, according to the report, which is “ever-welcoming” thanks to its low-income tax rate and “generous expat visa options” meant to attract freelance and remote workers.

The average cost of living for a single person in Madrid without rent monthly is around $804, according to the most recent data from Numeo. The city is an estimated 49.5% cheaper (without rent) than New York City.

Here are the top 10 cities for remote workers across the globe, according to the report.

10. Reykjavík, Iceland

^{Reykjavík, Iceland (Getty Images)}

9. Stockholm, Sweden

8. Taipei, Taiwan

7. Portland, Maine, USA

6. Paris, France

^{Paris, France (Getty Images)}

5. Tokyo, Japan

4. Auckland, New Zealand

3. Toronto, Canada

2. Madeira, Portugal

1. Madrid, Spain

^{Madrid, Spain (Getty Images)}

For the full report, visit here.

https://www.entrepreneur.com/business-news/these-are-the-best-cities-in-the-world-for-remote-workers/472806