Author Archives: Catherine Clifford

Billionaire Bill Gates says these 3 fields have the most potential to change the world

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My 2014 Best Performers, Looking Ahead To 2015

1. Artificial intelligence

“We have only begun to tap into all the ways it will make people’s lives more productive and creative,” he says.

2. Energy

“Making it clean, affordable, and reliable will be essential for fighting poverty and climate change,” according to Gates.

3. Biosciences

The field is “ripe with opportunities to help people live longer, healthier lives,” says Gates.

Gates’ world view is decidedly optimistic.

“When you tell people the world is improving, they often look at you like you’re either naive or crazy,” says Gates, in a blog post he published this week. “But it’s true. And once you understand it, you start to see the world differently.

“If you think things are getting better, then you want to know what’s working, so you can accelerate the progress and spread it to more people and places,” he says.

“It doesn’t mean you ignore the serious problems we face,” continues Gates. “It just means you believe they can be solved, and you’re moved to act on that belief.”

The idea guides Gates’ own philanthropic work. Worth $87 billion, he has pledged to give away the majority of his wealth. His namesake foundation works to improve the health of children living in poverty, empower women and children and fight infections diseases that affect the poorest people in the world.

“This is an amazing time to be alive,” says Gates. “I hope you make the most of it.”

See also:

Bill Gates, Warren Buffett and Richard Branson have the same unexpected definition of success

What Mark Cuban, Bill Gates, Warren Buffett and others would do if they had to start over

4 lessons from Bill Gates’ Harvard commencement speech Mark Zuckerberg should study






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These are the 5 highest-paying tech summer internships in America

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My 2014 Best Performers, Looking Ahead To 2015

1. Facebook
Median monthly pay: $8,000

What’s it like? “Facebook is an incredible place to work. You are constantly surrounded by some of the world’s most intelligent and capable people, and Facebook’s open culture allows you to really learn from your peers and their experiences.

“One thing I really noticed about my short time at Facebook is that people are just plain happy. I felt like I was surrounded by people that genuinely liked being there. From little things like the security guard wishing me a happy ‘Thursday eve’ to deep one-on-one conversations with my manager, it became evident that people were very comfortable expressing themselves.

“Facebook moves fast. Really, really fast. The pace definitely took some getting used to, but I think it’s coupled with the implicit trust I mentioned before. I had to come up to speed with the tech stack (completely foreign to me before) very quickly so I could actually contribute, and there is so much to learn.”

Software Engineer intern in Menlo Park, CA

2. Microsoft
Median monthly pay: $7,100

What’s it like? “You get to live in Seattle during the most beautiful months of the year. You get to exposure to a wide variety of business teams within Microsoft. The entire Microsoft intern experience is stellar, and it is very easy to quickly make friends with similar interests. The work is challenging, so you will push yourself to grow your skills. Also, the intern concert/experience is one of the coolest events that I have been to in my entire life.

“You can start to feel trapped inside of the Redmond/Microsoft bubble. Just make sure to get out and explore Seattle and the surrounding areas.”

—Intern in Seattle, WA

3. Salesforce
Median monthly pay: $6,450

What’s it like? “People: some of the smartest in the industry. Perks: they shower you with perks, especially in engineering. Location: Salesforce invests heavily in their real estate and the prime locations really show. Mobility: you have a ton of opportunities to move around in the org, especially if you’re proactive.

“Growth: Salesforce is growing at an insane rate for its size and still has a huge amount of market share left to capture. They’ll be around for a while, and there are lots of opportunities for leadership. Hardware: They invest heavily in your hardware, giving you top of the line computers (especially for engineering).

“Because Salesforce has such a high priority on growth, things can seem chaotic at times — especially in engineering. Becoming a Larger Company: As Salesforce grows, it matures and the culture changes with it. There are more processes and less one-off discretion than there used to be.”

Software Development Intern in San Francisco, CA

4. Amazon
Median monthly pay: $6,400

What’s it like? “I was a bit worried before joining Amazon since I have read that ‘New York Times’ article too. However, when I went there, I find it was nothing like NYT says. The work environment was nice. People were friendly and helpful. Working overtime can happen (just like any tech company I believe), but it’s never a routine.

“The work is fast pace and exciting. Also, there are many opportunities to learn and grow. Friday Learning Series talks and Principles of Amazon (given by principle engineers) are my favorites.

“No free food like some other tech companies. On call for full-time engineers can affect work-life balance a bit (interns don’t have on call though).”

Software Development Engineer Intern in Seattle, WA

5. Apple
Median monthly pay: $6,400

What’s it like? “Amazing team, state-of-the-art technology, really fast-paced. Company perks such as food, snacks, housing, are always great.

“Still pretty bureaucratic and it is an extremely large company. Secrecy becomes a big issue for interns because it hinders your access to information you need in order to work and can be a big time drain.”

Intern in Cupertino, Calif.

See also:

Summer interns at Amazon, Apple, Facebook and Google earn more than the average American

Facebook, Apple, Google and the 22 other companies offering America’s highest-paid internships

The 17 best jobs in America that pay over $100,000






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Apple CEO Tim Cook zeroes in on the particular genius of Steve Jobs

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Year-To-Date Winners: We Have Found The Market And It's Apple

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What allowed Jobs to focus so intently was his ability to prioritize, says Cook: “His thinking was so pure. He wasn’t trying to maximize his wealth, or anything else.”

Jobs did become quite wealthy in his time leading Apple. But that was because Jobs never chased the cash, according to Cook. Jobs obsessed over making excellent products that people wanted, and the money followed.

Most CEOs get the priorities flipped, but Jobs “never did,” says Cook.

Jobs was similarly ruthless in prioritizing his time outside the office.

“He also, more than any individual I have ever met, had a clear pecking order in his life,” says Cook. “And he knew he couldn’t do very many things and so it was family, Apple, Pixar, and very little else.”

That meant that Jobs didn’t travel very often. He wanted to be able to get home and be with his family in the evenings, says Cook.

“I learned a lot from him, not only about being a CEO, but about ways to conduct your life.”

See also: Apple CEO Tim Cook: ‘The world is full of cynics and you have to tune them out’






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Bill Gates could become the world’s first trillionaire

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My 2014 Best Performers, Looking Ahead To 2015






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Bull market or bear, Bill Gates follows Warren Buffett’s investing strategy

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My 2014 Best Performers, Looking Ahead To 2015

Gates believes in “the philosophy that Warren Buffett has put forth that you can find great companies and invest in them, then the macroeconomics can go up and down and the basic value of what you are holding onto there will be maintained throughout that,” the Microsoft co-founder says.

Gates, who is worth more than $80 billion, is busy running his foundation and his newfound clean energy investment fund, Breakthrough Energy Ventures, so he has a staff that manages his investments for him. He says his team isn’t equipped to make day-trades based on political negotiations.

“We are long-term oriented and don’t think that we understand the macroeconomics enough that we are making bets that are specific to that piece,” says Gates.

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