#Business & Economy News | Explore Tumblr Posts and Blogs

memenewsdotcom · 4 months

Text

S&P 500 ends 2023 up

View On WordPress

#2023 #business #economics #economy #meme #memes #money #news #s&p 500 #stock market #stocks

6 notes · View notes

worldspotlightnews · 1 year

Text

This community in southern Mexico has defied the gender binary for generations | CNN

Editor’s Note: CNN Original Series “Eva Longoria: Searching for Mexico” airs on CNN Sundays at 9 p.m. ET/PT. Sign up to CNN Travel’s four-part Unlocking Mexico newsletter for more on the country and its cuisine. CNN — In the town of Juchitán de Zaragoza, located on the Isthmus of Tehuantepec in Mexico’s southern state of Oaxaca, one variation of a local legend goes something like this. San…

View On WordPress

#Business #business and industry sectors #clothing and accessories #consumer products #continents and regions #domestic alerts #domestic-international news #economy and trade #iab-style & fashion #latin america #mexico #north america #sex and gender #society #the americas #transgender persons

5 notes · View notes

don-lichterman · 2 years

Text

Cosmetics giant Revlon files for bankruptcy | Business and Economy News

Company lost shelf space in US stores to startups backed by celebrities, and has struggled with inflation and supply chain issues. Cosmetics maker Revlon Inc has filed for Chapter 11 bankruptcy protection after struggling to compete with online-focused upstart brands in recent years. On Wednesday the nail polish and lipstick maker owned by billionaire Ron Perelman listed assets and liabilities…

View On WordPress

#Bankruptcy #business #Business and Economy #Coronavirus pandemic #cosmetics #E-commerce #Economy #files #Financial Markets #giant #News #Retail #Revlon #Social media #United States #US & Canada

2 notes · View notes

pressnewsagencyllc · 4 days

Text

Asia markets sell off amid Iran-Israel tensions; China's GDP beats expectations

2 Hours Ago JPMorgan says India’s growth no longer from a ‘narrow’ part of the economy, opportunities in banking sector India’s growth is no longer constrained to a narrow part of the economy, with the banking sector continuing to be a big driver, according to JPMorgan’s Harsh Modi, co-head of Asia ex-Japan for banks research. “India is one market where we are getting very significant growth,…

View On WordPress

0 notes

vikartaa · 3 months

Text

Asia markets open mixed, EV maker shares resume selloff amid Tesla's slowdown warning

Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were mixed Friday as investors digested inflation data from Tokyo. Shares of electric vehicle makers in the region dropped for a second day, unable to shrug off worries sparked by bellwether Tesla’s slowdown warning. Hong Kong-listed shares of Xpeng and…

View On WordPress

0 notes

jcmarchi · 4 months

Text

Generative AI Can Boost Productivity Without Replacing Workers - Technology Org

New Post has been published on https://thedigitalinsider.com/generative-ai-can-boost-productivity-without-replacing-workers-technology-org/

Generative AI Can Boost Productivity Without Replacing Workers - Technology Org

Since generative AI went mainstream a year ago, it has inspired an equal measure of hype and fear. Boosters of tools such as ChatGPT and DALL-E predict that they will transform our economy, while skeptics worry about their potential to produce inaccurate or harmful results and ultimately replace workers. But until recently, no one had tested what really happens when companies unleash generative AI at scale in real workplaces.

Customer service agents who an AI coach aided saw their performance improve. Image credit: Sarah McKinney

The first such study, released as a National Bureau of Economic Research working paper earlier this year, found the best-case scenario: Providing workers with a generative AI tool similar to ChatGPT can lead to more productive workers, happier customers, and higher employee retention.

Researchers studied nearly 5,200 customer support agents at a Fortune 500 software firm who gained access to a generative AI-based assistant in a phased rollout between November 2020 and February 2021. During support chats, the generative AI tool shared real-time recommendations with operators, suggesting how to respond to customers and supplying links to internal documents about technical issues.

Compared to a group of workers operating without the tool, those who had help from the chatbot were 14% more productive, on average, based on the number of issues they resolved per hour. The AI-supported agents ended conversations faster, handled more chats per hour, and were slightly more successful in resolving problems. Notably, the effect was largest for the least skilled and least experienced workers, who saw productivity gains of up to 35%.

Big Gains With Fewer Pains

“These are huge numbers,” says Erik Brynjolfsson, a professor (by courtesy) at Stanford Graduate School of Business and a senior fellow at the Stanford Institute for Human-Centered Artificial Intelligence. “I’ve done lots of work on the introduction of new information technology over the years, and often companies are happy to get 1% or 2% productivity gains.”

Brynjolfsson was also surprised that productivity rose so quickly. “Often with new technologies, there’s a bit of a decline before it takes off, because it’s difficult and costly to implement changes, retrain workers, and change business processes,” he says. “In this case, we did not see a lull, and performance took off over just a few months.”

The reason for the boost, according to Brynjolfsson and coauthors Danielle Liopen in new window, an associate professor at the MIT Sloan School of Management, and Lindsey Raymondopen in new window, a PhD student at MIT Sloan, was that the bot learned what the most successful agents were doing right by digesting millions of transcripts of service interactions. It then disseminated these lessons — often tacit knowledge that’s hard to distill into employee trainings — to the wider workforce. With help from AI, agents who’d been on the job for two months performed as well as unsupported agents with six months of experience.

“For most of the past 30 years, computers and digital technologies have helped higher-skilled workers more than less-skilled workers, which has led to a growing gap in wages and income inequality,” Brynjolfsson says. “It was fascinating to see that this technology goes the other way around — it’s a good sign.”

The intervention also led to happier customers, as measured by both customer surveys and a textual analysis of their language in conversations. “People like it when you solve their problems, and the system seems to be doing a better job of that,” Brynjolfsson says. The team didn’t find much evidence that customers were more satisfied simply because agents with the AI assistant used more positive language — the research found that agents tended to use a peppy tone even before the system was introduced.

Far from resenting an AI coach, agents with access to the tool were less likely to quit, a significant finding in an industry with chronically high turnover. “We don’t know for sure why this occurred, but I would guess that it’s more enjoyable to be in a job where the customers like you and you can solve customer problems faster,” Brynjolfsson says.

AI vs. Inequality

Overall, the researchers concluded that generative AI was a win for the company’s employees, customers, and stockholders alike. “It wasn’t squeezing one group for the benefit of the others — all three were better off,” Brynjolfsson says. In 2021, he co-founded a startup called Workhelix to help other companies apply generative AI to boost productivity.

Taking a broader view, Brynjolfsson says the study signals that generative AI will turbocharge productivity in the U.S. economy over the coming decade. He was so confident in his prediction that he placed a $400 bet on Longbets.org that non-agricultural productivity growth would average over 1.8% annually through 2029 (compared to the Congressional Budget Office estimate of less than 1.5%).

“That would mean we could raise living standards and address a lot of problems, like the budget deficit, healthcare, and the environment,” he says. “And if it’s helping less-skilled workers more, that can help reduce inequality.”

Brynjolfsson cautions that the study doesn’t illuminate how generative AI will reshape the broader labor market. Yet he argues that employers who interpret the research as an excuse to lay off higher-skilled workers are missing the point. “The lesson is that, more often than not, you’ll benefit by augmenting workers rather than trying to replace them,” he says. “A smart company is going to make sure they compensate and retain the high-skilled workers, so the system can continue to learn from them.”

Source: Stanford University

You can offer your link to a page which is relevant to the topic of this post.

0 notes

werr455 · 8 months

Text

Asia markets decline as investors assess Japan's inflation; Evergrande bankruptcy file in China

36 minutes ago Philippine central bank governor says there is room for further rate hikes The head of the Philippine central bank said there is room for further interest rate hikes without hurting economic growth. “I think we have room to go hiking without shrinking the economy,” Eli Rimolona, governor of Bangko Sentral ng Pilipinas, told CNBC. The Philippine central bank left its benchmark…

View On WordPress

0 notes

neyatimes · 9 months

Text

KKR says China's consumer sectors a 'sweet spot' for investors

Kong Yiji Restaurant full of diners in Shanghai, China, June 28, 2023. Future Publishing | Future Publishing | Getty Images From pet food to liquor and lighting fixtures, global investing firm KKR is putting its money behind a suite of consumer-driven sectors in China, departing from a singular focus on technology. “We have around $6 billion invested in China. And our core focus has really been…

View On WordPress

#Asia Economy #business news #china #KKR & Co Inc

0 notes

anewsbuddy · 11 months

Text

China imposes sales restrictions on Micron as it escalates tech battle with Washington | CNN Business

Hong Kong CNN — China has banned Chinese companies working on key infrastructure projects from buying products from US semiconductor manufacturer Micron, in a major escalation of an ongoing battle between the world’s top two economies over access to crucial technology. The Cyberspace Administration of China announced the decision on Sunday, saying the US chip maker had failed to pass a…

View On WordPress

0 notes

reportwire · 1 year

Text

China's Andon Health says it has full access to funds parked at collapsed lender SVB | CNN Business

Hong Kong CNN — China’s Andon Health, a maker of medical devices, says it has full access to funds parked at Silicon Valley Bank, after the US government intervened to backstop all the deposits at the failed lender. The Tianjin-based company, which manufactures consumer health devices and supplied Covid test kits to the United States during the pandemic, has cash deposits at SVB worth 5% of…

View On WordPress

0 notes

worldspotlightnews · 1 year

Text

Iranian women arrested for not wearing hijab after yogurt thrown on them | CNN

CNN — Two women in Iran were arrested after a man threw yogurt on them for not wearing the hijab at a store in the northeastern city of Shandiz, according to a video and report published by the Mizan News Agency, the state-run media for Iran’s judiciary. Video of Thursday’s incident shows a man approaching one of the women who is unveiled and speaking to her before proceeding to grab a tub of…

View On WordPress

0 notes

petnews2day · 1 year

Text

Cat and dog meat: Hong Kong shop raided, 70 years after trade was banned

New Post has been published on https://petn.ws/OHpsi

Cat and dog meat: Hong Kong shop raided, 70 years after trade was banned

CNN — Authorities in Hong Kong have raided a shop suspected of selling dog and cat meat as food – more than 70 years after the trade was outlawed. Officers seized “suspected samples of dog or cat flesh” at a shop in the Yau Ma Tei district during a “joint blitz operation” by the city’s […]

See full article at https://petn.ws/OHpsi #DogNews #Animals, #Asia, #Business, #BusinessAndIndustrySectors, #Cats, #China, #ConsumerProducts, #ContinentsAndRegions, #Dogs, #DomesticAlerts, #DomesticInternationalNews, #EastAsia, #EconomyAndTrade, #FoodAndDrink, #FoodProducts, #HongKong, #IabCats, #IabDogs, #IabFoodDrink, #IabPets, #KindsOfFoodsAndBeverages, #LifeForms, #Mammals, #MeatProducts

0 notes

pressnewsagencyllc · 4 days

Text

Stock futures are little changed after Dow's sixth straight losing day: Live updates

3 Hours Ago China’s March industrial output and retail sales data miss expectations China’s industrial output for March grew 4.5% year-on-year, missing Reuters’ expectations of a 6% expansion. China’s manufacturing industry grew 5.1% while its mining industry grew 0.2%, according to the National Bureau of Statistics. The country’s electricity, heat, gas and water production and supply industry…

View On WordPress

#Breaking News: Markets #business news #Dow Jones Fut (Mar&x27;23)#dow jones industrial average #economy #Goldman Sachs Group Inc.#Markets #NASDAQ 100 Fut (Mar&x27;23)#NASDAQ Composite #S&P 500 Fut (Mar&x27;23)#SP 500 Index #Stock markets #United States

0 notes

fuzzytimes1 · 1 year

Text

Adani China returns from New Year, CSI 300, New Zealand trade

Adani Enterprises is ticking higher while the group’s subsidiaries continue to plummet shares of Adani company Soared 10% after posting sharp losses in previous sessions as its chief financial officer expressed confidence in its subsequent public offering, which is due to close on Jan. 31. The stock is still down more than 20% in the first month of the year. ‘It will probably take a decade’ for…

View On WordPress

0 notes

jcmarchi · 5 months

Text

How Space Drives Greener Future on Earth - Technology Org

New Post has been published on https://thedigitalinsider.com/how-space-drives-greener-future-on-earth-technology-org/

How Space Drives Greener Future on Earth - Technology Org

The role that space can play in a greener future for us all is high on the agenda at today’s ESA Space Summit. A new ‘green dossier’ to be released alongside the event in Seville on 6-7 November showcases how ESA’s flagship business-to-business program is fuelling unprecedented growth in green and sustainable space-enabled commercial activities to address the challenges of climate change.

Solar panels – illustrative photo. Image credit: Max Pixel, CC0 Public Domain

ESA works with businesses to develop commercially sustainable products and services that are supported by space for use on Earth, through its Business Applications and Space Solutions programme. The programme helps companies of all sizes in a host of areas ranging from agriculture and tourism to energy and transport.

Maria Mateo Ibora is the founder and chief executive of IBISA, whose pioneering climate insurance system, developed under the programme, uses satellite data to provide accurate and affordable cover to farmers in the developing world. Maria says: “Our collaboration with ESA has truly been a catalyst, bolstering our technological and commercial capabilities, while helping us combat climate change’s everyday impact. As we look ahead, we see a landscape rich with opportunity.”

“We were delighted to work with ESA in our mission to bring climate-informed decision-making to infrastructure investment and management worldwide,” says Tobias Engelmeier, co-founder and chief executive of VIDA, whose satellite-enabled sustainable infrastructure solution developed with ESA subsequently attracted €3 million in external funding. “It has empowered us to accelerate our growth, reach new markets and build our unique assessment tools that help to combat the challenges of climate change.”

Since 2010, the programme has invested more than €180 million into hundreds of green activities, launching 67 this year alone. These bring benefits to the economy and wider society, while supporting the global shift towards a carbon-neutral future.

With ESA’s help, businesses across Europe are helping to reduce waste, preserve habitats, lower energy consumption and emissions, and keep our air and waters clean. ESA’s ambitious green agenda does not stop here: the team continues to plant new seeds, while accelerating innovation through task forces that bring together stakeholders committed to the green transition.

Geraldine Naja, ESA’s Director of Commercialisation, Industry and Competitiveness, said: “The green dossier provides striking evidence of the contribution of the programme to furthering ESA’s green agenda. With almost half of its projects driving the green transition, ESA has its sights set firmly on a sustainable, carbon-neutral future.”

Nick Appleyard, Head of ESA’s Applications and Solutions Department, said: “The team has made remarkable strides forward in establishing space as an essential component in the transition to a green future. It also comes at a defining moment in the new space age, where space assets are becoming ever-more accessible in the drive to transform life on Earth – long may it continue.”

Together with advanced Earth observation technology and solutions, the green dossier is one of the building blocks of the Agency’s collaborative and multi-partner Space for a Green Future Accelerator initiative aimed at catalysing and scaling green solutions towards carbon neutrality by 2050.

Source: European Space Agency

You can offer your link to a page which is relevant to the topic of this post.

0 notes

newslabs · 1 year

Text

Iranian woman takes part in international chess tournament without mandatory hijab | CNN

CNN — Iranian chess player Sara Khadem, also known as Sarasadat Khademalsharieh, took part in an international tournament without a hijab, Iranian news outlet Jamaran said on Tuesday. Khadem is the latest sportswoman to appear at a competition without a hijab since anti-government protests erupted in September. Khadem appeared in photos shared by Jamaran without her hijab, which is mandatory…

View On WordPress

0 notes