Nunn says the key to building up savings is to automate putting money aside.

This means regular saving will stop being a decision or action you have to keep taking – and putting off.

“If you’re able to carve out a little bit and put it somewhere else where you won’t have access to it and be able to spend it, I think that’s the easiest way to start having a saving mindset,” he says.

That could mean setting up a direct debit from your current account to a savings account, organising cash into different envelopes or using round-up tools that put spare change aside when you spend.

Nunn recommends “saving little, saving early and saving regularly”.

He admits he “hates budgeting and always has” so he says he looks at his current account as soon as he gets paid and decides how much he wants to move into savings. “Do it as soon as you can,” he adds.

As well as savings, he recommends having an emergency fund for surprise bills like a broken boiler or car repairs. How much you need in the fund depends on your circumstances but he advises having one to three months’ salary set aside if you can.

Meanwhile, as the new AI boom takes hold, the tale of who gets to stay in San Francisco and who doesn’t is told by its residents.

Two San Francisco families with school-aged children, who both asked for anonymity to protect their privacy, recently succeeded in buying move-in-ready single-family homes to meet their desperate needs for more space – but only one was able to do so in the city.

That family was able to purchase in the desirable family-friendly neighbourhood where they had been long-term renters after one parent, who works at OpenAI, sold some company shares last October, giving the family the financial boost needed to buy in an all-cash offer.

The couple say they feel “conflicted and self-conscious” that it is AI money that has made it possible. “We’re not ostentatious people,” they add. “We’ve just done what we can with the opportunity.”

In contrast, the other family, which doesn’t derive its income from AI or the tech world, had to instead move to a more suburban Bay Area town to the north.

Their new home, bought in part with a mortgage, includes a pool and extra land.

It is a different kind of life, notes the mother, and they have mostly adapted now – though it involves a long commute for her husband, who has a senior government job in San Francisco, and they still have “what if” moments.

“We wouldn’t have left if we could have afforded to stay,” she reflects. “It kind of sucks and I do get a little salty seeing all this extra AI money squeeze everyone else out.”

The Duboce Triangle flat, for the record, and according to its listing agent, sold for $3.2m – $200,000 over the asking price. Whether the deal included AI stock is confidential.

This article was written by

Follow

Analyst’s Disclosure: I/we have a beneficial long position in the shares of VTI, AVUV, HEFA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

To implement the change, the Securities and Exchange Board of India (Sebi) has amended the rules governing FPIs. The revised provisions will come into effect after six months, Sebi said in its notification.

Through a notification issued on July 3, Sebi revised the registration fee for Category-I FPIs and FVCIs from USD 2,500 to Rs 2.3 lakh.

The markets watchdog has also updated the common application form used for FPI registration. The regulator mandated the inclusion of the applicant’s date of birth or date of incorporation in the common application form to facilitate Permanent Account Number (PAN) allotment.

Additionally, Designated Depository Participants (DDPs) must remit the collected registration fees to Sebi within five working days of being granted registration.

Live Events

“Every designated depository participant shall remit the fees collected from the foreign portfolio investors in INR to the Board in the case of initial registration, within five working days from the date of grant of certificate of registration to the foreign portfolio investor, along with the details in the format, as may be specified from time to time,” Sebi said.

Taco Bell is expanding the use of artificial intelligence (AI) at drive-thrus and announced a new strategic partnership with an AI voice provider.

The fast food giant on Tuesday announced the expansion of a partnership with Omilia, a provider of a voice AI platform that the restaurant chain has deployed at hundreds of drive-thru locations around the country since 2023.

Taco Bell has deployed the Omilia voice AI capabilities at over 890 restaurants across 38 states to date, according to the announcement.

TACO BELL SHOWS OFF AI ‘COACH’ FOLLOWING MASSIVE DIGITAL TECH INVESTMENT

Taco Bell is expanding its partnership with Omilia, which currently provides a voice AI platform for hundreds of its drive-thrus. (Jeffrey Greenberg/Universal Images Group via Getty Images)

“Omilia’s Voice AI gives us the ability to ease team members’ workloads and provides them the flexibility to engage with customers in more meaningful ways,” said Dane Mathews, global chief digital and technology at Taco Bell. 

“Omilia’s platform has proven itself at scale in select U.S. restaurants, and continuing this strategic partnership supports our long-term digital and tech strategy,” Mathews added.

YUM BRANDS SELLS PIZZA HUT FOR $2.7B, SHARPENS FOCUS ON TACO BELL AND KFC

Taco Bell said that workers at restaurants with drive-thrus using the voice AI platform reported greater worker retention. (John Tlumacki/The Boston Globe via Getty Images)

The Omilia platform helps automate the ordering process when a customer pulls up to a drive-thru speaker and is capable of adapting to an individual location’s menu, real-time stocking levels, as well as limited-time offers that are available, which can make the ordering process more consistent and efficient for customers.

Dimitris Vassos, CEO and co-founder of Omilia, said that the “drive-thru environment is one of the most demanding – real-time, noisy, fast-paced, with menus that change by store and by day.”

The company said that general-purpose speech recognition platforms tend to struggle with various challenges fast food drive-thrus pose, ranging from road noise and regional accents, to potentially complicated order modifications and the fast pace of drive-thru service. 

THE STORY OF TACO BELL: HOW FORMER MARINE CREATED FAST-FOOD CHAIN WITH MEXICAN-INSPIRED MENU

Omilia’s features, including noise filtering and real-time menu adaptation, were designed to address those challenges, according to the company.

The announcement said that Taco Bell’s data found the transaction time in the drive-thru using voice AI is on par with, and in some cases faster than, traditional ordering methods.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Additionally, Taco Bell locations using voice AI reported higher employee retention compared with those where it hasn’t been deployed, which the company said will help improve the guest experience.