Panthers TE Ja'Tavion Sanders carted off field for neck injuryTo lure Juan Soto, Mets created a video of his statue outside Citi Field next to Tom Seaver'sOKLAHOMA CITY--(BUSINESS WIRE)--Nov 26, 2024-- Paycom Software, Inc. (“Paycom”) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced that the company will present at the Barclays Global Technology Conference on Dec. 11 in San Francisco. Event Details: Barclays Global Technology Conference Date: Dec. 11 Time: 1:55 p.m. (Pacific) Location: San Francisco A live webcast of the presentation will be available at investors.paycom.com under the “Events” tab. Presentations may include forward-looking information. A webcast replay will be available for 90 days following the event. About Paycom For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom’s employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom’s single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized nationally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally. View source version on businesswire.com : https://www.businesswire.com/news/home/20241126093509/en/ CONTACT: Investor Relations: James Samford investors@paycom.com Paycom Software, Inc. KEYWORD: CALIFORNIA OKLAHOMA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES PAYMENTS APPS/APPLICATIONS TECHNOLOGY HUMAN RESOURCES SOFTWARE FINTECH SOURCE: Paycom Software, Inc. Copyright Business Wire 2024. PUB: 11/26/2024 04:05 PM/DISC: 11/26/2024 04:06 PM http://www.businesswire.com/news/home/20241126093509/en
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Entrepreneur Marc Lore has already sold two companies for billions of dollars, collectively. Now he plans to take his food delivery and take-out business Wonder public in a couple of years at an ambitious $40 billion valuation. We talked with Lore in person in New York recently about Wonder and its ultimate aim of making meal planning effortless, but we also touched on Lore’s management philosophies. Below is some of what he had to say on the latter front, edited lightly for length and clarity. Lore on so-called founder mode , wherein founders and CEOs actively work with not only their direct reports but with “skip level” employees, too, in order to ensure that small challenges do not become big ones (Brian Chesky operates this way, as does Jensen Huang of Nvidia, Elon Musk, and Sam Altman, among many others): Yeah, the founder mode thing didn’t really resonate with me, because I operate differently. I really focus on this idea of vision, capital, and people. We have a meeting every week with the leadership team, and we spend two hours every week just on the foundational elements of the vision, strategy, org structure, the capital plan, our performance management systems, compensation systems, behaviors, values – like, stuff that you think is already set. You’re like, “Oh, yeah, we already did behaviors. We already did values. We did performance management. We have our strategy.” But when you’re growing and moving fast, it’s amazing how much that evolves over time, and you want to stay on top of it ... and just talk about it and talk about it. When everybody is fully aligned and you have really good people, you just let them run; I don’t need to be involved at all. So I don’t get involved in the specifics of what people do, as long as they know the nuances of the strategy and the vision. When you get that dialed in with your team, and they get that dialed in with their own team, everybody moves in the right direction. How Lore thinks about hiring the right people: I’m really, really big on hiring rock stars. Like, that is every person [I hire]. I used to think that you could interview somebody and in an hour decide whether the person’s a rock star. I really thought that, and I think other people do as well. It’s impossible. I’ve hired thousands of people. You cannot tell if somebody is a rock star in a one-hour interview, and more times than not, you’ll get honey potted. Somebody talks a good game, they sound good, they say the right things, they’ve got the right experience, then they don’t work out, and you wonder why. I started going back to the resumes and trying to draw correlations, and what I found is there’s a clear pattern that superstars have in resumes that’s differentiated from a non superstar. That doesn’t mean that somebody who doesn’t have a superstar resume couldn’t be a superstar. I miss out on those people, it’s fine. But when I see somebody who has a superstar resume, they’re almost always a superstar. When I interview them, I already know I want to hire them, and it’s more just to make sure that there’s nothing I’m missing from a behavioral standpoint or culture or values – we want alignment there. But the resume has to show a demonstrable level of success in every job that they were in. That means multiple promotions. It means staying at a company long enough to get promoted, and it means when you leave and go from one company to another, it’s a big move. Superstars don’t move laterally. They don’t move down from a good company to a bad company, because bad companies need to pay more to attract people and so sometimes they shake loose people that aren’t as good, that just want to go for the money. But you find somebody that’s [in the top] 5% and you look at their resume, it’s like: boom, boom, promotion, promotion, promotion, promotion, promotion, promotion, and then a big jump ... promotion, promotion, big jump. When I get that resume that shows that demonstrable level of success, I grab it and I pay them whatever they need. It’s that important to me to get that superstar in there. And you build a company of superstars. You have to have the right performance management system so that they know exactly what they need to do to get to the next level. Because the superstars are highly motivated. They want to know what they need to do to get to the next level, especially Gen Z. They want to know and get promoted every six months. Finally, here’s Lore talking about his belief that taking bigger risks is the way to secure a startup’s future, even while the approach may seem counterintuitive to many: People always underestimate the risk of the status quo, and they overestimate the risk of making a change. I see that over and over and over. If you have a life-threatening medical condition, and the doctor’s like, “You have six months to live,” at that point, a trial drug or anything, even if it’s super risky, [is going to look good]. You’re basically seeking opportunities to take risk, to not have that inevitable death. If you’re super healthy and everything’s going great, and somebody says, “Take this experimental drug; it might make you live longer,” [a lot of people will say], “You know what? It’s too risky. I’m really healthy. I don’t want to die from this drug.” But startups are very different than big companies. When you’re at a big company like Walmart [whose U.S. e-commerce business Lore ran after selling it one of his companies], it’s all about incremental improvement. There’s no incentive to take risk. As a startup founder, chances are you’re going to die. Chances are you are going to die every day that you’re living and doing this startup. The probability is 80%, with only a 20% chance of this actually working. So you have to take that into account when you’re making decisions. You have to seek opportunities to take risk, to reduce your risk of dying. The status quo is the worst thing you can do. Doing nothing is the most risk you can possibly take.
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Share Tweet Share Share Email OpenAI announced on Friday that it was testing two new reasoning AI models, called O3 and O3 small, as part of an increasing battle with competitors like Google to develop more intelligent models that can solve challenging issues. TakeAway Points: OpenAI said on Friday it was testing new reasoning AI models, o3 and o3 mini, in a sign of growing competition with rivals such as Google to create smarter models capable of tackling complex problems. Bitcoin fell sharply on Friday amid broader caution in risky assets. Bitcoin traded at around $92,808.07 at 6:57 a.m. ET on Friday, down around 9% from 24 hours before, where it was priced above $102,000, according to Coin Metrics. The cryptocurrency hit an all-time high above $108,000 just this week, but has since sold off aggressively. OpenAI reveals “o3” reasoning AI models that are now undergoing testing CEO Sam Altman said the AI startup plans to launch o3 mini by the end of January and full o3 after that, as more robust large language models could outperform existing models and attract new investments and users. Microsoft-backed OpenAI released o1 AI models in September designed to spend more time processing queries to solve hard problems. The o1 models are capable of reasoning through complex tasks and can solve more challenging problems than previous models in science, coding, and math, the AI firm said in a blog post. OpenAI’s new o3 and o3 mini models, which are in internal safety testing currently, will be more powerful than its previously launched o1 models, the company said. The GenAI pioneer said it was opening up an application process for external researchers to test o3 models ahead of the public release, which will close on Jan. 10. OpenAI had triggered an AI arms race after it launched ChatGPT in November 2022. The growing popularity of the company and new product launches helped OpenAI in closing a $6.6 billion funding round in October. Rival Alphabet’s Google released the second generation of its AI model Gemini earlier in December, as the search giant aims to reclaim the lead in the AI technology race. Bitcoin trades around $97,000, recovering from earlier losses Bitcoin hovered around the $97,000 mark on Friday, recovering from earlier losses amid broader investor caution toward risky assets. Bitcoin dipped below the $93,000 mark earlier in the day before trading above that price in volatile trade. The digital asset was last trading at $96,597.36, according to Coin Metrics, hovering near the level attained about 24 hours ago. The cryptocurrency hit an all-time high above $108,000 just this week, but has since sold off aggressively. The Federal Reserve rattled markets in recent days as it signalled fewer interest rate cuts next year. Equity markets took a hit, filtering through to crypto assets. The price of bitcoin has more than doubled this year, supported by several factors, including the launch of spot exchange-traded funds and the U.S. presidential election win of Donald Trump. He has pledged pro-crypto policies and his victory at the polls helped propel bitcoin to its latest record high. With some markets on edge due to the Fed, some of the steam has come out of assets that have seen big gains this year. Tesla, which has been another big beneficiary of Trump’s win, continued its postelection slide with shares falling on Friday in premarket trade. Other big names, such as Nvidia, were also lower during the session. Bitcoin’s fall also dragged down other cryptocurrencies. Ether was trading around 3,446.15. Related Items: 'o3' Reasoning , AI models , OpenAI , Test Phase Share Tweet Share Share Email Recommended for you Italy Fines OpenAI For Violating ChatGPT’s Privacy Terms A Former OpenAI Researcher And Whistleblower Discovered Dead OpenAI Reacts Against Co-founder Elon Musk Comments
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"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.