Category: Business

• Job hunting these days can be daunting, and veteran career coach Shari Santoriello knows it.
• But instead of trying to reinvent the wheel for each job you apply to, the search can be simpler.
• Here are Santoriello's top tips for streamlining your job search to make the process less miserable.

Job hunting can be daunting — miserable, even.

And in the age of AI, where it seems like even sending out hundreds of applications won't guarantee your résumé will ever be reviewed by a hiring manager, it's easy to get discouraged.

Career coach Shari Santoriello, who has been working in the industry for 25 years, knows it; she sees it all the time. So when her clients come to her asking how to streamline their job hunt and make the process easier but still optimized to draw the most eyes, she's a wealth of knowledge.

Here are three tips she gives her clients to make their job search simpler.

Create a résumé vault

Sometimes, we think of a résumé as being set in stone, when Santoriello says it's a dynamic piece of material for a job seeker — it should be flexible and adaptable for every job you're applying for. She noted that nobody likes to hear that, but you can make it easier for yourself by creating what some people call a résumé vault or master résumé.

Your résumé vault is a living document listing all your past jobs and accomplishments that you can select from. So, when you create a résumé for a particular role, instead of creating a new résumé from scratch, just make a copy of your résumé vault and delete everything that isn't relevant based upon the job description.

"When you ask yourself the question: what do you leave? What do you cut? Highlight those things that make you distinctive with regard to what the job description is asking for," Santoriello told Business Insider. "You may have something really cool in your background, but if it's not relevant to this role, you don't want to take up your precious real estate on your résumé with something that isn't going to be relevant to the hiring manager."

On average, Santoriello estimates, job seekers have roughly five seconds when a hiring manager looks at their résumé. So you want to ensure they can see what impact, value, and contribution you bring to the team in those five seconds.

One of the best ways to do that when you're talking about what to keep and what to lose is you want to keep things that show results. Keep words like increased, decreased, drove revenue, successfully, efficiently, and streamlined.

"Any of those action language words that lets the reader immediately see you've done something," Santoriello said. "And put them at the front of the sentence, we don't want to bury it in the far right side of a sentence."

Learn the language of hiring managers in your industry

This comes in especially handy when considering a career change and trying to describe your transferrable skills in a new industry, according to Santoriello.

"When you write your résumé toward the new industry, you want to use the industry specific language," Santoriello said. "This is about showing them — not telling, showing them — that you understand how your skill transfers and use that language to support that. It doesn't mean that the 15 years you've spent in tech aren't relevant now that you want to go into medical research. There's probably a whole lot of skill there that's relevant. We just need to formulate it and put it in the language that the new industry understands."

She noted that this is where a career coach really can help, but when it comes to describing the language of your chosen industry, it's time to "play with your best friend Google."

"And when I say play, I mean play, have fun. Go down rabbit holes, do the research, spend the time getting lost reading articles on LinkedIn," Santoriello said. "Join groups specific to where you want to go — both digital and face-to-face if that's your thing. Check out trade associations. There's so much information available today. When I'm working with my members, I say this to them: 'It's scavenger hunt time.' Let's find the stuff and then compare it to what you already have in place so that we're presenting your best fit here."

Keep your network simmering

"If you wanted a forest, you needed to plant a tree 20 years ago, but today would be OK, too," Santoriello told BI.

The truth is, she said, there's no bad time to be reaching out to friends and past, present, or prospective colleagues to set up informational interviews or networking lunches.

"We as human beings, people in the professional workplace, tend to not realize the value of building connections all the time — that's not a place you want to stagnate," Santoriello said. "You want to be building your connection base regularly.

Santoriello swears by the value of staying in touch with someone you played soccer with in fourth grade. Each and every person won't be a valuable connection each and every day — and, let's be realistic, you're not keeping in touch with the one person that you really didn't care for — but maintaining cordial relationships will come in handy when you least expect them, and sometimes when you need them most.

"I'm not saying be the person who has a Rolodex of 97,000 people but doesn't have a real relationship with anybody," Santoriello said. "I'm talking about the value of building real relationships over time, without always having an ulterior motive, just for the sake of building those relationships over time. And ideally, you're doing that now. The best time really is anytime it's comfortable for you to do that."

• The anti-obesity drug market will be worth $130 billion by 2030, Goldman Sachs said.
• New products such as Eli Lilly's Zepbound prompted the bank to raise its forecast.
• The FDA approved the pharma giant's new weight-loss drug in November.

The market for weight-loss drugs such as Ozempic and Wegovy will keep surging due to new products including Eli Lilly's Zepbound, according to Goldman Sachs.

In a research note the bank forecast that the sector will be worth $130 billion by 2030 — $30 billion higher than its previous projection.

Eli Lilly and Danish giant Novo Nordisk will remain the dominant players with a combined market share of 80% by the end of the decade, said a team of analysts led by Chris Shibutani.

Shares in both companies have racked up big gains since the start of 2023 following rising demand for anti-obesity drugs.

Eli is now valued at $775 billion — far more than Tesla's $550 billion market cap, following a 37% surge this year.

Shibutani's team cited the new Lilly drug Zepbound, which was approved by the Food and Drug Administration in November, and the expansion of the FDA label for Novo's Wegovy as "key events" that had led to Goldman raising its forecast.

When it reported first-quarter results in April, Lilly cited strong demand for Zepbound and other drugs like Mounjaro, Verzenio, and Jardiance as the driving force behind a 26% rise in revenues to $8.77 billion.

The Indianapolis-based company said last month it would double its investment in a manufacturing plant to increase production of the drug, which can treat sleep apnea as well as obesity.

Goldman Sachs also raised its forecast for how many US adults are expected to take drugs for chronic weight-loss management from 15 million to 19 million, excluding patients being prescribed the medication to treat Type-2 diabetes.

• Learning how Google Photos works can go a long way towards optimizing your photo storage.
• Google Photos lets you store, share, view, and edit photos and videos, and has additional AI tools.
• Google Photos users have access to 15GB of free storage, but can pay to upgrade their accounts.

Launched in 2015, Google Photos is Google's service for storing and sharing photos and videos.

It's a solid media backup system to have at your disposal. And, because it's a cloud-based tool, it can free up space on your phone. Plus, it works on both Android and iOS devices, as well as on your desktop computer.

Here's what to know about how Google Photos works, and how to get started:

How does Google Photos work?

Google Photos users can upload new photos and videos, and they can view, edit, save and create new videos, animations, collages, albums and photos books. Users can also download everything, meaning your cloud-based backup can itself be easily backed up onto your computer or external hard drive.

Google Photos is completely private, and the pictures you upload are visible only to you. Once you share your photos with others, however, they will also have access.

How do I access my Google Photos on iPhone and Android?

It's easy to access Google Photos on any device. Here's how: 

1. Download Google Photos from the Google Play Store or iOS App Store.
2. Open the app and log in with your Google account.
3. Provide the permissions necessary to access your files and media in your phone's settings.

You can access all your stored photos in the Google Photos app. Open the Google Photos app on your iPhone, iPad, or Android and tap the photos icon in the lower-left corner on your screen. Here you will find all your memories.

How do I download all my photos from Google photos? 

Downloading every photo from Google Drive is simple, but the option isn't accessible in Google photos. 

Google Takeout lets you download data from any Google's services. You can do this on your mobile as well as your computer. 

Here's how: 

1. Go to Google Takeout 
2. Click Deselect all. This ensures you're not downloading data from your entire Google account. 

3. Check the box next to Google Photos, and click into "All photo albums included" if you want to choose which specific albums to download. Otherwise, Google Takeout will download everything in Google Photos.

4. Once you are happy with your selection, select Next step to export. 

Quick tip: in your export settings, you can choose how often you want to download your Google photos. 

5. Next, choose how you wish to download your photos. 

6. Next, confirm the file type and size of your exported file, and click Create export when you're ready.

Why can't I see all my Google Photos?

If you are unable to access all your photos, you may not have enabled the permissions for Google Photos to back up your photos automatically. 

Here's how you can check and fix the issue:

1. Open up the Google Photos app and tap on your profile picture in the top right corner.
2. Select Google Photo settings, then select Backup. 

3. Toggle the Backup button on to keep your photos backed up. 

Is Google Photos still free?

Google Photos has unfortunately ended its unlimited free storage policy.

Every Google account comes with 15GB of free cloud storage shared across Google Drives, Google Photos, and Gmail — so any new photos and videos you upload to Google Photos will count toward the free 15GB of storage. 

To add more storage and save your high-quality images, users can upgrade using the Google One subscription plan, starting at $1.99 per month for 100GB.

Quick tip: If your device is running low on storage, Google Photos may not display all your photos so ensure you have sufficient space for all your images. 

Google Photos features an AI-powered assistant

Like many of Google's products, Google Photos has begun enhancing its services with new AI tools. 

In May 2024, Google announced it would upgrade Google Photos to incorporate its Gemini AI model to make it even easier for users to search through their galleries for memories or details. A new feature called Ask Photos will let users ask broad queries like, "Show me the best photo from every city I've visited," and the tool will instantly pull together a series of relevant images from their galleries.

Google CEO Sundar Pichai demonstrated the feature at the Google I/O 2024 conference, asking the app, "What's my license plate number again?" The Ask Photos feature immediately provided a text response with the license plate number and a corresponding image.

Google Photos provides users with a lot of auto-generated extras, and additional AI editing tools will be available to all users without a subscription. 

Magic Eraser, PhotoUnblur, and Portrait light will allow users to make complex edits with simple actions, previously native to Android users. 

Historical features will remain. With Google Photos, you can also create photo-book collections, grouping together pictures based on factors like the date, people, and places featured. Users are given the option to print and ship those books (for a fee, of course).

The Assistant will also take photos that were captured in rapid succession and turn them into GIFs (referred to as "animations"), while individual photos can be saved as motion photos — meaning they record video of a few seconds before and after you've taken the shot. These may also be known as Live Photos to iPhone users.

Google Photos has other smart features

Like Google Images, Google's search engine for photos, Google Photos has a robust search option that serves as a major draw for the platform. It lets you search for generic subjects, like "dogs" or "beach" to narrow your options, which is especially useful if you haven't yet sorted your pictures into albums.

It also gives you the option to identify different people in your photos by manually putting a name to the face. After that, pictures with those people are automatically sorted so you can later search for pictures featuring specific people.

Similarly, you can also set it to create "live albums," which automatically populate with photos of friends and family members.

For those looking to backup their physical photo prints, you can quickly 'scan' those to have them uploaded by taking a quick pic using your phone or other Photos-friendly device. And for those who photograph paper documents, Google Photos also lets you highlight desired sections of text, and even crop out backgrounds to make it easier to do things like upload and expense a receipt from a work trip.

Google Photos is a powerful and versatile tool that requires little effort to use to its fullest. And, given the fact that it provides free, unlimited storage without sacrificing too much on photo and video quality, it can be a solid option for backing up your media files.

How to delete all photos from Google Photos

If you're frustrated by Google Photos' frequent reminders about purchasing more storage, you're not alone. Deleting mass quantities of photos from Google Photos — or even deleting your entire Google Photos account — is a hotly discussed topic on tech forums.

If you opt to delete Google Photos, proceed with caution: deleting batches of photos from the Google Photos mobile app will also delete them off your phone entirely — even in external storage applications like iCloud. Before you try deleting anything, make sure you remove Google Photos' access to your mobile device and native photo gallery.

On an iPhone, that process will look like this:

1. Go to Settings, and scroll down to Google Photos.
2. Under the menu that says "ALLOW GOOGLE PHOTOS TO ACCESS," tap Photos, then select None.

3. Then, open up your Google Photos app on your iPhone, and turn off Backup by going into Google Photos settings, then toggling Backup off.

Now, to actually delete your photos from Google Photos, you'll have to get a little creative. Google Photos doesn't make it easy to delete all your photos at once; there's no "select all" option to click.

Instead, you'll have to use a workaround — the easiest way is to open up Google Photos on your web browser:

1. In your Google Photos gallery, click on the grey checkmark at the top left-hand corner of your most recent batch of photos. The checkmark will automatically select all the photos from that date.

2. Scroll down to the very bottom of the gallery until you reach your very first photo. Hold down the Shift key on your keyboard, and click that first photo. You should now see all your photos selected (if you have a lot of photos, you may need to work with smaller batches, rather than deleting your whole photo gallery all at once).
3. Click the trash can icon in the top right-hand corner of the window, which will open up a pop-up warning. Click Move to trash.

4. You can always test this method out on a smaller batch before deleting your full Google Photos gallery.

• Poppi, a trendy soda touted by A-listers, contains prebiotics for gut health and low sugar content.
• A new class action lawsuit alleges the marketing for the viral drink is misleading consumers.
• The suit claims consumers would need to drink four sodas a day to experience health benefits.

If you tried Poppi prebiotic sodas in hopes that the trendy drinks — touted by A-listers like Kylie Jenner and J-Lo in social media posts — would help your gut health, you may have been misled, according to a new class action lawsuit.

"Prebiotics are a special type of fiber that can act as food for healthy bacteria in your gut," Poppi's website claims of its products. "Each can of poppi includes agave inulin, a prebiotic (and natural sweetener!) extracted from the agave tequilana plant."

However, the lawsuit, filed Wednesday, alleges the low-sugar, "gut-healthy" sodas contain such small amounts of prebiotic fiber (just 2 grams per serving) that the average consumer wouldn't experience any health benefits from drinking them.

"A consumer would need to drink more than four Poppi sodas in a day to realize any potential health benefits from its prebiotic fiber," the suit, which seeks $5,000,000 in financial damages, says. "However, even if a consumer were to do this, Poppi's high sugar content would offset most, if not all, of these purported gut health benefits."

The complaint goes on to say that an inulin-based diet could cause "inflammation and even liver damage" with doses as low as 10 grams per day and demands a jury trial to determine whether Poppi has broken the law with its advertisements.

Poppi's sodas, which have gone viral in the years since their 2018 appearance on "Shark Tank," sell for $2.49 a can through the manufacturer's website.

The colorful cans of apple cider vinegar-infused sodas have become so popular that the suit noted Forbes reporting from March that the brand sits at a 19% market share — more than 1.5x that of Coke products — and is the 11th-fastest growing beverage brand, beating out companies like Gatorade and Liquid Death.

Representatives for Poppi did not immediately respond to a request for comment from Business Insider.

• Key Republicans in NY swing districts are standing behind Trump after his hush-money conviction.
• The lawmakers have parroted Trump's argument that the conviction undermines the judicial system.
• But that support could hurt them politically among suburban moderates and independents.

For GOP lawmakers on Capitol Hill, former President Donald Trump continues to wield immense power over their political futures.

Since 2016, Trump has effectively maintained a stranglehold over the party by molding its ideological direction, keeping Republican lawmakers in line, and cultivating a political base that has remained unflinchingly loyal to him for nearly a decade.

After Trump was convicted on 34 felony counts of falsifying business records to conceal a 2016 hush-money payment to the adult film star Stormy Daniels, that dynamic has only strengthened.

But to the surprise of many, Trump's conviction elicited vocal outrage from a contingent of House Republicans in New York, including Reps. Marc Molinaro and Anthony D'Esposito, who represent some of the most competitive districts in the country. In these districts — concentrated in suburban areas outside of New York City — the upcoming House majority could be decided by swaths of moderates and independents.

Intense reactions

Molinaro, a first-term Republican representing the swing Catskill-and- Hudson Valley-anchored 19th district that Biden carried by nearly 5 points in 2020, blasted the Manhattan verdict.

"This is how we're going to do politics now?" he said in a statement on X. "Not through spirited debates, but by weaponizing the justice and court system to attack a political rival right before the election."

D'Esposito — a retired New York Police Department detective who flipped the Long Island-anchored 4th district in 2022 — said this week that the "best revenge" for Trump's conviction would be winning the November general election.

"It is clear to me that Democrats are so afraid of engaging in a fair fight against President Trump that they continue to weaponize the justice system in an attempt to stop him," the congressman wrote.

In 2020, Biden won D'Esposito's district — filled with the sort of affluent, college-educated voters who have been trending toward Democrats in recent cycles — by nearly 15 points.

Mike Lawler, who narrowly won the purple 17th district north of New York City, said Trump's conviction "undermines our electoral process and our judicial system" and deemed Manhattan District Attorney Alvin Bragg, state Attorney General Letitia James, and Gov. Kathy Hochul as "hyperpartisan New York Democrats."

Long Island GOP congressman Nick LaLota suggested that Hochul should pardon Trump and "pre-emptively commute any sentence" that the ex-president might receive on his July sentencing date.

The sharp reactions from the House lawmakers, which are akin to Republican politicians from safely red seats in more conservative states, underlies one of the party's biggest challenges headed into November: corralling suburban voters around the GOP.

The suburban dilemma

While Biden isn't all that popular in New York State at the moment — with the latest Emerson College survey showing him with a 39% approval rating and polling ahead of Trump by only 7 points in a state that he won by 23 points in 2020 — many voters remain unplugged from the race or have indicated that they'd consider a third-party option like independent candidate Robert F. Kennedy Jr.

But in a decidedly Democratic state like New York, Biden is likely to gain some ground ahead of the election.

While suburban voters on Long Island trended Republican in the 2022 midterms — a trend which could continue in 2024, especially given Trump's support among many active and retired law enforcement officials — lawmakers like LaLota and D'Esposito are still running in districts where the former president remains a polarizing figure.

In a presidential year, it's become more difficult for many down-ballot candidates from an opposing party to win as ticket-splitting has waned. And the vulnerable GOP lawmakers will be tasked with defending their records while explaining their stance on Trump, which could be a tall order for voters who believe that the former president committed a crime.

Across the country, suburban voters were already turning away from Trump even before his conviction — as former UN Ambassador Nikki Haley has continued to win significant blocs of GOP voters even after suspending her presidential campaign in March.

The decision by vulnerable New York House Republicans to tie themselves to Trump's crusade against his hush-money case is an incredibly risky one — but one that is emblematic of a GOP that remains firmly under the former president's grasp.

• Japanese billionaire Yusaku Maezawa will no longer fly to the moon aboard SpaceX's rocket, Starship.
• A statement said the voyage was scheduled for 2023, but delays made the timeline "unfeasible."
• The uncertain launch schedule prompted Maezawa to scrap the project.

Japanese billionaire Yusaku Maezawa has canceled his star-studded trip to the moon aboard a rocket designed by Elon Musk's company, SpaceX.

The project's official website, dearMoon, published a statement on Saturday. Maezawa, the founder of online retailer Zozotown, first announced the project in 2018 and described it as "the world's first civilian circumlunar voyage aboard SpaceX's space vehicle, Starship."

SpaceX and dearMoon made plans to take flight by the end of 2023.

"Unfortunately, however, launch within 2023 became unfeasible, and without clear schedule certainty in the near-term, it is with a heavy heart that Maezawa made the unavoidable decision to cancel the project," the statement read.

Maezawa echoed the statement with an X post, writing, "I can't plan my future in this situation, and I feel terrible making the crew members wait longer, hence the difficult decision to cancel at this point in time."

"I apologize to those who were excited for this project to happen," he added.

A dearMoon representative confirmed the cancellation in a statement to Business Insider. Representatives for SpaceX did not respond to Business Insider's request for comment.

Maezawa announced the eight people who would fly aboard the space vehicle in a YouTube video in December 2022. The guest list included American DJ Steve Aoki, K-Pop star T.O.P., and Indian actor Dev Joshi.

The billionaire previously traveled to space in December 2021 during a 12-day trip to the International Space Station. He spent an estimated $80 million to ride aboard a Russian Soyuz rocket.

Musk founded SpaceX in 2022 and recently answered questions about the company during the annual Milken Institute Global Conference in May.

When asked if artificial intelligence could speed up his space exploration efforts, Musk said that "almost no AI is used" in that field.

He added that he's not against integrating AI, but "we haven't seen a use for it."

• Scammers are using deepfake celebrity videos to steal from fans.
• Fake photos of police arresting Robert Irwin were used to set up a fake investment opportunity.
• Scams like these have stolen over $8 million in Australia alone.

Scammers in Australia are using deepfake photos and videos of celebrities to steal from people in increasingly creative ways.

Australians have lost up to $8 million to scammers using online investment platform scams this year, according to the Australian Competition and Consumer Commission.

The scammers use fake news articles and deepfake videos to trick people into believing that a celebrity is asking them for a large sum of money.

In one example, scammers shared fake photos of Robert Irwin — son of the late "Crocodile Hunter" Steve Irwin — in handcuffs, accompanied by an article titled "Is this the end of his career? Robert Irwin didn't know the camera was still recording."

The fake article tells readers that a bank has filed a lawsuit against Irwin over comments he made about a crypto trading platform. It then promises to make readers rich if they invest $375 in that platform.

"We are urging Australians to take their time and do their research before taking up an investment opportunity — particularly those seen on social media," ACCC Deputy Chair Catriona Lowe said in a statement.

Eye-popping investment opportunities in bogus online crypto trading platforms, especially ones that claim to use "artificial intelligence or other emerging technologies," are an increasingly common scam tactic, the ACCC says.

At least one Australian man lost over $50,000 in cryptocurrency after registering his details through an online form that he saw in a deepfake interview of Elon Musk on social media, Lowe said.

Last month, the Hong Kong Securities and Futures Commission also warned about a sham cryptocurrency exchange using deepfake videos of Elon Musk, which also claimed to leverage AI in its software.

The FTC says most scams in the United States start on social media, with scammers trying to get victims to pay for investments in bitcoin so their crimes can't be traced.

"Investment scams are one of the top ways scammers trick you into buying cryptocurrency and sending it on to scammers," the FTC says. "But scammers are also impersonating businesses, government agencies, and a love interest, among other tactics."

"Deepfakes" use AI to replace the likeness of a person in a video or audio clip. One quick way to spot a deepfake is to do a reverse image search and check the true source of an image.

The best way to avoid a crypto scam is to never trust someone who will only accept payment in crypto or who is promising big profit returns on an investment, the FTC says.

• Retired US Navy Admiral Robert P. Burke was arrested on alleged bribery charges, said the DOJ.
• Burke denies all the charges, reported the US Naval Institute News.
• Co-CEOs of Next Jump, Charlie Kim and Meghan Messenger, were also arrested.

A retired four-star US Navy admiral was arrested Friday in connection with an alleged bribery scheme that involved a government contract.

Robert P. Burke, 62, who from 2020-2022 oversaw US naval operations in Europe, Russia, and most of Africa, has been charged with bribery, conspiracy to commit bribery, performing acts to affect a personal financial interest, and concealing material facts, according to a Department of Justice (DOJ) press release.

He could face a maximum penalty of 30 years in prison if convicted, said the DOJ.

Burke denies the charges, reported the US Naval Institute News.

Yongchul "Charlie" Kim and Meghan Messenger, the co-CEOs of the company, which was not named in the DOJ release, but which was reported by the USNI News as being called Next Jump, were also arrested on charges related to their roles in the alleged bribery scheme.

The two are charged with bribery and conspiracy to commit bribery and each face up to 20 years in prison, Said the DOJ release.

The alleged scheme involved Burke accepting future employment at the executives' company in exchange for awarding them a government contract, said the DOJ release.

According to the indictment, Kim and Messenger of New York first secured a government contract to provide training for pilots in the US Navy from 2018 to 2019, that Burke had advocated for. The Navy ended the contract and ordered the two CEOs not to contact Burke.

However, the indictment alleges that Kim and Messenger reached out multiple times to Burke, eventually having a call in which Burke said he wanted to work with the company, which Kim said would need to be attached to a deal, per the indictment.

The DOJ indictment alleges that Burke met with Kim and Messenger in Washington, DC, in July 2021 where he agreed to influence other officers to award another contract to Kim and Messenger's company, a contract that Kim valued in the "triple digit millions."

It is alleged, Burke later ordered his staff to award Messenger and Kim's company a contract to train naval personnel in Italy and Spain. According to the release, the contract was worth $355,000.

Burke began working at the company in October 2022 at a starting salary of $500,000 and a grant of 100,000 stock options, said the DOJ release.

"Admiral Burke used his public office and his four-star status for his private gain," said US Attorney Matthew M. Graves in the DOJ release.

"The law does not make exceptions for admirals or CEOs. Those who pay and receive bribes must be held accountable. The urgency is at its greatest when, as here, senior government officials and senior executives are allegedly involved in the corruption," he said. 

According to Burke's lawyer, Timothy Parlatore, Burke made his first appearance in court in Florida late Friday afternoon and is set to be arraigned in Washington, DC.

"We intend to go to trial and we expect that he will be found not guilty," Paralotre told the USNI News.

"The biggest problem with this indictment is the timeline. The DOJ wrongly believes that there was a job offer and job agreement far earlier than there was. There is no quid pro quo, no job for contracts whatsoever," he said.

"It looks odd he did later go work for them but he did not get into serious contract negotiations until the appropriate time and with the appropriate permissions."

In a statement, the US Navy told USNI News the service "cooperated with this investigation from the onset. We take this matter very seriously and will continue to cooperate with the Department of Justice."

• AI will force about 12 million workers to change jobs by 2030, a McKinsey partner said on Thursday. 
• Job losses will hit four key sectors, including administrative, customer service, and manufacturing.
• But automation could affect 30% of tasks across everyone's jobs.

There's no way to sugarcoat it. AI is going to disrupt a lot of jobs in the coming years.

The technology is set to bring about "12 million occupational transitions" between now and 2030, Kweilin Ellingrud, a senior partner at McKinsey and director of its Global Institute, said at the firm's media day this week. "That's about, give or take, the pace of occupational transitions we had during COVID."

Some areas will see growth, namely roles in healthcare and STEM, Ellingrud said. About 85% of the jobs that AI will likely impact, meanwhile, fit into four categories — administrative assistance, customer service and sales, food service, and production and manufacturing, according to McKinsey.

Many of those jobs involve repetitive work, data collection, and elementary data processing, all of which could be handled by automation, according to a McKinsey report co-authored by Ellingrud. The report estimated that about 11.8 million workers in roles with shrinking demand will need to move into new lines of work by 2030.

But everyone should prepare for at least some changes to their current role.

Between the widespread adoption of generative AI and what Ellingrud called "old school automation," about 30% of everyone's work will need to adapt to the changes the technology will bring to the workplace.

• The Bilderberg Meetings draw an elite gathering every year to discuss global issues.
• The closed meetings began after WWII to promote dialogue between Europe and North America.
• At the 70th annual meeting this weekend, attendees will discuss AI and global conflicts.

It's not easy to remain secret in an age of near-constant surveillance and endless information sources.

But some powerful groups, somehow, have managed it — at least to some degree.

Such is the case with the Bilderberg Meetings, a tight-lipped, off-the-record gathering that summons its participants once a year to discuss global issues and encourage "dialogue between Europe and North America," according to the group's website.

The group is hosting its 70th annual meeting this weekend in Madrid, where attendees will discuss a range of contemporary issues.

Here's what we know.

Founding

The annual events are hosted by a group called Foundation Bilderberg Meetings, led by a steering committee of elite members from government, business, tech, and the press.

The first meeting in May 1954 was held at a hotel in The Netherlands, from which the meeting gets its name.

"Representatives from economic, social, political and cultural fields were invited to informal discussions to help create a better understanding of the complex forces and major trends affecting Western nations in the difficult postwar period," according to the Bilderberg website.

Known group members have included former Secretary of State Henry Kissinger and David Rockefeller, who was once chairman of the Chase corporation.

Recent Meetings

Past meetings have been hosted in Portugal, the United States, Switzerland, and Italy.

"Throughout the years, the annual Meetings have become a forum for discussion on a wide range of topics — from trade to jobs to technology, from monetary policy to investment, and from ecological challenges to the task of promoting international security," the group's website says.

Despite its secrecy, the group does put out a brief agenda. In 2018, it apparently discussed populism, inequality, and artificial intelligence, among other top issues.

Current members of the Steering Committee include business magnates like conservative megadonor Peter Thiel, former Google CEO Eric Schmidt, and Microsoft CEO Satya Nadella.

2024 Bilderberg Meeting

Agendas are publicly released "shortly in advance" of meetings, a spokesperson for Bilderberg Meetings said in a statement to Business Insider.

Members attending this weekend's meeting in Madrid will discuss artificial intelligence, geopolitical conflicts, the economy, the climate, and the "changing faces of biology," according to a press release.

"Thanks to the private nature of the Meeting, the participants take part as individuals rather than in any official capacity and hence are not bound by the conventions of their office or by pre-agreed positions. As such, they can take time to listen, reflect and gather insights. There is no detailed agenda, no resolutions are proposed, no votes are taken, and no policy statements are issued," according to the press release.

Disclosure: Mathias Döpfner, CEO of Business Insider's parent company, Axel Springer, is listed as a member of the Steering Committee for Foundation Bilderberg Meetings.