All articles tagged with #ai economy
California's governor Gavin Newsom projects a $9 billion revenue increase for 2026-27, relying on the AI-driven economy, while forecasting a modest $2.9 billion shortfall for the upcoming year, with concerns about the sustainability of the AI boom and long-term fiscal challenges including reduced housing and homelessness funding.
The article discusses five key economic themes for 2026, including the impact of AI on the labor market and growth, the effects of recent tax cuts, potential changes in trade policy depending on court rulings, the future leadership of the Federal Reserve amid inflation concerns, and the political focus on affordability and inflation ahead of the midterm elections.
Ford CEO Jim Farley emphasizes the importance of investing in blue-collar industries like construction, maintenance, and skilled trades to support AI-driven economic growth, highlighting workforce shortages and calling for policy reforms and societal shifts to address these foundational sectors.
The article discusses how Jensen Huang is leveraging Nvidia's financial resources to dominate the AI industry, highlighting the company's strategic moves and influence in the tech sector.
Bret Taylor, chair of OpenAI and CEO of Sierra, acknowledges that the AI industry is currently in a bubble similar to the late '90s dot-com era, but he remains optimistic about the future economic value AI will generate despite the risks of financial losses.
The article discusses Nvidia's potential to remain a central player in the evolving AI economy, highlighting the importance of quality journalism from the Financial Times and offering various subscription plans for access.
Microsoft has committed to training one million people in the United Kingdom with the AI skills needed to pursue careers in technology by 2025. The company aims to prepare individuals for the "AI economy" where AI is increasingly preferred over new hires. Microsoft's training program, called Get On, has already trained over one million people in the UK, with more than 30,000 securing tech industry careers. The focus areas of the training include AI fluency, AI technical skills, and supporting businesses in AI transformation. The initiative comes as business leaders express concerns about their workforce lacking the necessary skills to leverage AI opportunities.