MONDAY KETCHUP: China's robot population, Bumble's executive chair, chatbot liars, AI CEOs, and Starbucks' Two Pump Dumps

Live from your Phlegmatic ESG Machine, it’s yet another Manic Monday edition of Business Pants. Joined by Analyst-Hole Matt Moscardi! In today’s pre-fermented post-colonial plant-based CEO pay ratio bag called November 6, 2023: Filtering the ESG News through a giant stupid game!

Our show today is being sponsored by Free Float Analytics, the only ESG data platform to measure real board influence

DAMION1

The React to the ESG Business News Headlines Game: Top 9 (because 10 is stupid)

Just rate it 1-10 on your gut feelings:

1. China boldly claims it has a plan to mass produce humanoid robots that can 'reshape the world' within two years

1. China revealed its bold plans to mass produce "advanced-level" humanoid robots by 2025. 

2. China's Ministry of Industry and Information Technology published a roadmap of its plans last week.

3. The MIIT believes that humanoid robots will be as "disruptive" as smartphones and electric vehicles.

4. For example, Chinese startup Fourier Intelligence said it would start mass producing its GR-1 humanoid robot by the end of this year, South China Morning Post reported. The Shanghai-based company told the publication it aspires to deliver thousands of robots in 2024 that can move at five kilometers an hour and carry 50 kilograms.

2. Bumble founder and CEO to step down early next year, Slack chief executive to succeed her

1. Whitney Wolfe Herd/Lidiane Jones

2. Bumble founder and CEO Whitney Wolfe Herd will step down early next year, according to a release from the company Monday.

3. Lidiane Jones, CEO of Salesforce’s cloud-based messaging platform Slack, will succeed her.

1. Golden hello: 22$M equity; $1M cash

4. Wolfe Herd will transition to a new role as executive chair when Jones takes over as CEO.

1. FFA: Wolfe 64% influence

2. Sachin J. Bavishi stepping down: there will be just 2 dudes.

3. Growing U.S. anger with electric utilities finds its epicenter in Maine

1. Maine residents will vote Tuesday on a ballot measure that would dissolve its investor-owned utilities and replace them with a nonprofit

4. Chatbots May ‘Hallucinate’ More Often Than Many Realize

1. When summarizing facts, ChatGPT technology makes things up about 3 percent of the time, according to research from a new start-up. A Google system’s rate was 27 percent.

5. Mika' becomes world's first AI human-like robot CEO

1. Mika is the 'official face' of Dictador, a major rum and spirits producer

2. Colombian rum company Dictador appoints new AI robot ‘Mika’ as company CEO

3. While many workers worry about A.I. replacing their jobs, one company announced it's hiring the first humanoid robot CEO.  

4. Mika is a research project between Hanson Robotics and Polish rum company Dictador, who customized the CEO to represent the company and its unique values. 

5. In a Dictador company video, Mika said that "with advanced artificial intelligence and machine learning algorithms, I can swiftly and accurately make data driven."

6. However, FOX Business reporter Lauren Simonetti noted that there is a "significant delay" in the time it takes Mika to process and respond to your question.

6. Elon Musk says AI will eventually create a situation where 'no job is needed'

1. Elon Musk's new AI chatbot sure sounds like a foul-mouthed Twitter troll

1. Elon Musk's artificial intelligence startup xAI released its first model, named Grok, on Saturday.

2. Screenshots of Grok's responses show the chatbot swearing and mocking its users.

3. XAI has said that their AI will answer "spicy" queries, in contrast to rival models like ChatGPT.

2. X CEO Linda Yaccarino stepped in to remove a pro-Hitler post in an apparent divergence from Elon Musk's 'free speech absolutism'

7. Gen Z remote workers are ‘probably not going to become CEOs’ and will likely fall behind, says NYU business professor

1. Suzy Welch, an NYU Stern School of Business Professor, told Insider in an interview that remote workers may view work-life balance as their own version of success, but there are some trade-offs to rejecting hustle culture when you're young. 

2. "The young people who choose to have that life that go into work maybe one or two days a week or never, and work entirely remotely, they may have a version of success that is not our version of success," Welch said. "It's all about how you define success. They're probably not going to become CEOs, but maybe that's not what they want." 

8. Tyson recalls almost 30,000 pounds of dinosaur-shaped chicken nuggets after consumers found metal pieces in them

9. Starbucks wants to open 8 new stores a day from now until 2030

1.  the company also announced something else: a detailed long-term growth strategy, which Starbucks has dubbed its Triple Shot Reinvention with Two Pumps.

1. Almost 20,000 new stores by 2030