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Marketing leaders from Citi, Salesforce and BCG share a stage with music legend will.i.am at BI's Cannes Lions breakfast event

Marketing leaders from Citi, Salesforce and BCG share a stage with music legend will.i.am at BI's Cannes Lions breakfast event

The convergence of marketing, media, and technology has made the job of chief marketing officer more complex, and more full of possibilities.
Business Insider zeroes in on this trend in its third-annual CMO Insider Breakfast at this year's Cannes Lions International Festival of Creativity on June 17, 2025. BCG is the founding sponsor of the event.
The event — titled "The Age of Convergence: Is Your Brand Built to Win?" — will explore how brands need to be especially bold to stand out in this period of rapid transformation.
Speakers will talk about how brands can be distinctive in this demanding environment where consumers want a seamless experience from virtual to physical worlds, and seek meaningful engagement despite the flood of content coming from various sources.
The invite-only event will convene CMOs from the largest brands in the world to both learn and discuss how these trends are affecting their roles and responsibilities—and how they can better address the ramifications.
The event will feature three sessions featuring the following speakers:
will.i.am, music icon and founder and CEO of fyi.ai, will be interviewed by Business Insider's editor in chief, Jamie Heller, about the intersection of innovation, tech, and culture. The renowned musical artist will provide insights for brands that are looking to leverage storytelling amid this state of convergence.
Jessica Apotheker, BCG's global chief marketing officer, managing director and senior partner, joins Business Insider's Maggie Millanow, chief revenue officer, to share exclusive insights on transformation and innovation from BCG's annual CMO survey.
An industry leadership panel featuring Alex Craddock, CMO and chief content officer at Citi; Ariel Kelman, president and CMO at Salesforce; Kory Marchisotto, CMO, e.l.f. Beauty; and Melody Lee, chief marketing officer at Mercedes-Benz USA. The panel — moderated by Business Insider's editor in chief, Life, Joi-Marie McKenzie — will focus on how marketers are blending AI, storytelling, and cultural relevance to connect with their customers.
Business Insider will publish a detailed recap of the event at a later time.

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Does Canada have UBI? Everything you need to know about the country's basic income programs.
Does Canada have UBI? Everything you need to know about the country's basic income programs.

Business Insider

time2 hours ago

  • Business Insider

Does Canada have UBI? Everything you need to know about the country's basic income programs.

As more basic income pilots and programs launch in the United States, Canada is following suit. Recently, politicians in Canada have considered how to implement no-strings-attached money initiatives, especially as many citizens lost jobs during the pandemic and the cost of living has increased. These discussions have drawn on studies and trials dating back nearly a century. As dozens of basic income programs in the United States spread, some leading policy experts have discussed whether these initiatives could be extended to a universal level. Other countries with basic income programs and experiments include Brazil, China, Germany, and India. Advocates for universal basic income — which offers recurring cash payments to all individuals in a population, regardless of their socioeconomic status — say Canada has the resources to create a program that covers every citizen. While universal income would be on a universal scale across a population, basic income programs typically target lower-income or vulnerable populations. Organizations in some provinces are testing what basic income could look like on a local level through guaranteed basic income pilots — recurring cash payments geared toward specific groups, like vulnerable populations. While many Canadian politicians across the political spectrum support basic income, some argue that these programs are costly to the local economy. Support from residents, meanwhile, varies. About 60% of Canadians support guaranteed basic income, while 37% support universal basic income, according to a poll published in 2022 by the market research firm Narrative Research. To be sure, cash payments can't replace full-time income or lift everyone out of poverty, but it can give many lower-income residents more opportunities to engage with the economy, said Sheila Regehr, a founding member and chairperson of the Basic Income Canada Network, an organization working to expand basic income access across the country. "From a fiscally conservative perspective, that little bit of investment could save a ton of money down the road and get better results for everything," Regehr told Business Insider, referring to the initial expense and potential benefits of basic income. "This idea we had several generations ago to get a good job, stay in a company for life, that doesn't happen anymore." Shortly after the pandemic began, talks about the efficacy of basic income in Canada accelerated. In 2020, 50 senators sent a letter to Prime Minister Justin Trudeau, Deputy Prime Minister Chrystia Freeland, and Finance Minister Bill Morneau commending them for their actions and calling for a minimum basic income. And in the last federal election in 2021, 189 candidates — representing 46% of Canada's electoral districts — pledged to support basic income. Canada's Parliamentary Budget Officer found that between 2022 and 2023, a universal basic income would cost $87.6 billion but would cut poverty by at least 40% in nearly every province; the cost of poverty totals about $80 billion each year, the PBO estimates. "We certainly have the capacity, there is no question that we do," Regehr said. In 2021, Ontario Sen. Kim Pate introduced Bill S-233 and Winnipeg MP Leah Gazan introduced Bill C-233, creating the country's first national framework for a guaranteed livable basic income for people over the age of 17. Both bills are now under consideration in the Senate. Canada, which has an Old Age Security pension, already has a version of basic income for older residents called the Guaranteed Income Supplement. The GIS is a monthly payment distributed to low-income pensioners aged 65 and older. The maximum monthly payment is $1,087 for someone who is single, divorced, or widowed. "Getting a government check has no stigma to it here; it's just something that happens," Regehr said. Canada's experiments with basic income Basic income experiments in Canada are not new. Talk of implementing a basic income dates back to the 1930s in Alberta, though the first major experiment took place in Manitoba starting in 1974. That project, called Mincome, was studied after completion, and researchers found that participants — who received $3,800, $4,800, or $5,800 a year through 1979 — on the whole continued to work and had higher secondary school graduation rates. Researchers also found that there was an 8.5% drop in hospitalizations for participants at the program's completion. Four decades later, Ontario launched one of the biggest pilots in Canadian history, the Ontario Basic Income Pilot Project. The pilot, whose participants were mostly employed and lower-income, gave up to $16,989 annually for single participants aged 18 to 64 and $24,027 for couples. Ontario Premier Doug Ford's government canceled the pilot just 10 months after payments were first distributed. Reasons for the cancellation included high costs and indications that the program didn't help people contribute enough to the economy. Still, interviews with participants after the pilot found that basic income helped them better afford necessities than traditional welfare payments and assisted in long-term financial planning. A 2020 Canadian Centre for Economic Analysis study determined that a basic income could create 600,000 jobs and contribute $80 billion to Canada's economy in five years, potentially generating $400 billion in additional GDP during that period. Current basic income programs in Canada Various basic income and cash transfer pilots are ongoing, including in Newfoundland and Labrador for people between the ages of 60 and 64. Quebec has a basic income of $1,309 monthly for people with limited income, according to Quebec's government website. Prince Edward Island, which recently hosted a conference on basic income, started its T-BIG pilot — the Targeted Basic Income Guarantee — in 2021 for over 600 people. The program gives cash to participants to bring them within 85% of the federal poverty level. Meanwhile, a few provinces, including Saskatchewan, have debated adopting a sovereign wealth fund that pays dividends similar to the Alaska Permanent Fund. 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Emile Ormond: South Africa unready for AI-era job disruption
Emile Ormond: South Africa unready for AI-era job disruption

News24

time7 hours ago

  • News24

Emile Ormond: South Africa unready for AI-era job disruption

Emerging economies like South Africa may be partially shielded from the initial waves of AI automation, but when it inevitably arrives, the country could be especially vulnerable due to its large, predominantly young labour force, writes Emile Ormond. As artificial intelligence (AI) grows more sophisticated and pervasive, its potential to disrupt labour markets demands urgent attention. Will AI displace workers? Could it trigger unprecedented unemployment? There has been an influx of news articles, predictions, and expert claims that AI will be highly disruptive to the workforce. For instance, McKinsey estimates 400-800 million people globally may need new jobs by 2030, while a BCG survey found 42% of workers fear their roles may vanish within a decade. For South Africa, with an unemployment rate of 32.9% and 46.5% for youth, these predictions are dire. 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Historical, technological leaps, like the Industrial Revolutions, sparked similar fears of mass labour market disruption but ultimately resulted in substantially higher employment and productivity. For instance, more than two-thirds of the world's population lived in extreme poverty before the Industrial Revolution – today, it is less than 10%. This precedent, combined with AI's limited impact to date, may have bred complacency among South Africans, especially policymakers, that AI's impact will be manageable and a net positive. However, this view is shortsighted and lacks nuance. Rapidly increasing advances in areas such as multi-modal and agentic AI are poised to transform workplaces. The vast majority of organisations are planning on introducing or expanding their use of AI. This will see workers requiring new skills, creating new roles, and eliminating others. While the balance of these changes is debated, massive labour market disruption is almost certain. 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The hottest status symbols at the Cannes ad confab
The hottest status symbols at the Cannes ad confab

Business Insider

time7 hours ago

  • Business Insider

The hottest status symbols at the Cannes ad confab

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