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Ai Economy

All articles tagged with #ai economy

California's Final Budget Under Newsom: Challenges and Opportunities

Originally Published 2 days ago — by CalMatters

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Source: CalMatters

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.

Key Economic Trends to Watch in 2026

Originally Published 6 days ago — by Axios

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Source: Axios

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 Warns AI Growth Threatens Blue-Collar Workforce and Essential Economy

Originally Published 3 months ago — by Axios

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Source: Axios

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.

Microsoft's Ambitious Plan: Training 1 Million People for AI Tech Jobs in the UK

Originally Published 2 years ago — by Tech.co

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Source: Tech.co

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.