How big of a deal is artificial intelligence? Russell Wald, deputy director of the Stanford Institute for Human-Centered Artificial Intelligence, likens it to the printing press. “This technology is a general purpose technology that’s going to affect everyone and everywhere,” he said. The mere fact Stanford has a whole institute devoted to AI is a … Read more
Inflation has loosened its grip considerably from a high of more than 9% in the wake of the pandemic. The first monthly decline since May 2020 in the June CPI reflects the progress bringing down prices. But it is still holding onto Americans’ wallets, and in some places tighter than others. The cost of living … Read more
With hundreds of billions of dollars in new federal infrastructure spending under the Bipartisan Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act, companies are eager to cash in. And states are scrambling for their piece of the pie. “We have funding that goes to projects that come from every state, city, … Read more
Not since the New Deal has the U.S. government poured this kind of money into rebuilding America’s infrastructure. Companies and states are clamoring for their piece of that federal jackpot. That helps explain why infrastructure is the major topic of conversation in economic development circles this year, and why it also looms large in CNBC’s … Read more
Downtown Richmond, Virginia, skyline on the James River. Sean Pavone | Istock | Getty Images With the nation’s best education system and policies that give companies room — both literally and figuratively — to grow, Virginia is America’s Top State for Business in 2024. This is the Old Dominion’s sixth time at the top of … Read more
An insurance crisis that has sent premiums skyrocketing and caused carriers to flee coastal states like Florida and California is spreading, and it is fundamentally changing the real estate market in states across the country. “Not only is the cost higher than people anticipated, but just the inability to secure insurance at all makes deals fall through … Read more
Three months after Baltimore’s Francis Scott Key Bridge collapsed – killing six people, shutting a major port and disrupting vehicle traffic along the Eastern Seaboard — local, state and federal officials began a massive effort to make the best out of an unimaginable situation. “We’re working with construction companies and designers, and working with the … Read more
As a growing number of overseas Chinese students run into financial difficulties due to the declining wealth of their families, many go online to express their grief and seek advice on how to cope with the situation. Andersen Ross Photography Inc | Digitalvision | Getty Images When Xiao Zhang went to the U.S. to study … Read more
Microsoft President and Chief Legal Officer Brad Smith speaks during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. JASON REDMOND | AFP | Getty Images Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab Emirates, as the U.S. giant looks to strengthen its position … Read more
The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit outcome by $40 million by the end … Read more
