The Week in Business: Microsoft’s Big Bet on A.I.

The Week in Business: Microsoft’s Big Bet on A.I.

Giacomo Bagnara What’s Up? (Feb. 5-11) An A.I. Arms Race Microsoft’s often-overlooked search engine, Bing, is mounting a comeback with ChatGPT , the suddenly ubiquitous chatbot capable of composing song lyrics, writing academic essays and answering all manner of questions. The new version of Bing was released to a limited group of users on Tuesday. The revamped product is part of Microsoft’s $13 billion investment in OpenAI, the artificial intelligence lab behind ChatGPT that Microsoft is betting on to stay competitive with its big tech rivals like Google, Apple and Meta. But those companies are also racing to incorporate the new technology into their own software. A day before the unveiling of the new Bing, Google announced that it would soon release an experimental chatbot called Bard for its own search engine, which is much more widely used than Bing. And Meta is fast-tracking the development of chatbot technology for its products. Biden Defends His Record In President Biden’s second State of the Union address, he focused on the bright spots in the economy . He emphasized that inflation was falling, the job market was strong and the best was yet to come. He pointed to the many benefits […]

Amarillo area business news and developments for Feb. 12, 2023

Amarillo area business news and developments for Feb. 12, 2023

Amarillo Globe-News Northwest Texas Healthcare System announces Behavioral Health CEO Northwest Texas Healthcare System has announced Steven Bond, PhD, LPC, as the Chief Executive Officer (CEO) of Northwest Texas Healthcare System Behavioral Health, located at 1501 Coulter St. in Amarillo. Dr. Bond has been a leader in behavioral health and psychiatric care settings for more than 20 years. “I am excited to be a part of the community and continue my message of advocacy for mental health,” said Dr. Bond. “I look forward to working with this talented and compassionate team and delivering favorable outcomes for the patients in our care.” Dr. Bond is a member of the American Psychological Association, Mid Texas Counseling Association, Texas Counseling Association, EMDRIA and American Association of Suicidology. He received his Doctorate from Trident University and his Master’s from Texas A&M Central Texas. Cattlemen’s Beef Board elects new officers at 2023 winter meetings, including Amarillo resident NEW ORLEANS, LA. – Cattle producers Jimmy Taylor, Andy Bishop and Ryan Moorhouse are the new leaders of the Cattlemen’s Beef Promotion & Research Board (CBB). This officer team is responsible for guiding the national Beef Checkoff throughout 2023. Taylor, Bishop and Moorhouse were elected by their […]

NH Business: Securing privacy for consumers in New Hampshire

NH Business: Securing privacy for consumers in New Hampshire

Host Fred Kocher is joined by Cameron Shilling to break down the proposed bill that could impact your privacy and personal information MANCHESTER, N.H. — In today’s digital age, many of us have questioned whether or not our privacy is at risk of being compromised, and the issue is being addressed by state legislators. There is a bipartisan bill in the New Hampshire Senate that would establish privacy rights for consumers in the state and privacy requirements for businesses and other organizations. On the latest installment of NH Business, host Fred Kocher is joined by Cameron Shilling, Chair of the Cyber Security Practice Group at McLane Middleton, to break down this proposed bill and the impact it could have on your privacy.

North County Business Briefs, Feb. 12: Harbor Freight in San Marcos; Vista HS career fair; Fallbrook workshop

North County Business Briefs, Feb. 12: Harbor Freight in San Marcos; Vista HS career fair; Fallbrook workshop

ENCINITAS Food program receives USDA grant PlusBox (+BOX), a nonprofit that offers programs that improve nutrition, expand access, and support food sustainability, recently received funding from the U.S. Department of Agriculture. The grant of more than $137,000 will be used to develop +BOX Connect, an app-based technology aimed at increasing participation and connection to nutrition resources. PlusBox will pilot +BOX Connect at Bella Mente Academy, a K-8 charter school in Vista. PlusBox’s warehouse and distribution center are in Carlsbad. Volunteers are always welcome to participate in Pack Outs at 4 p.m. Monday through Thursday, where boxes are packed with nutritious food for students and their families. Visit plus-box.org/volunteer . ESCONDIDO Firehouse Subs underwrites grant to firefighters The Firehouse Subs Public Safety Foundation recently gave a $16,147 grant to the Escondido Fire Department, which used it to buy two thermal imaging cameras. The cameras will allow first responders to see through smoke, darkness and heat-permeable barriers to help locate the source of a fire or victims needing rescue. Proceeds from purchases made at U.S. Firehouse Subs restaurants provided the funding for the grant. To date, Firehouse Subs Public Safety Foundation has granted more than $1.7 million to first responder organizations […]

In a market that’s gone mad, investors can embrace these dependable stocks

In a market that’s gone mad, investors can embrace these dependable stocks

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here . New York CNN — Many people don’t have the time or inclination to do deep research on stocks. It’s often easier to buy an exchange-traded fund that owns a basket of the top blue chips, like Apple (AAPL) , Microsoft (MSFT) and Amazon (AMZN) . Other investors like to bet on themes and memes instead of poring over a company’s financial statements and regulatory filings. Hence the recent craze for momentum stocks like GameStop (GME) and AMC (AMC) . But for old-fashioned investors with a little gray in their hair (and veteran business journalists like yours truly) there are other ways to find winning stocks for the long haul. I’ve been running stock screens using market data software, first from FactSet and now from Refinitiv, on and off during the more than 20 years I’ve worked at CNN Business. (It was CNNMoney when I first started.) Looking for bargains? Here are the stocks we love I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, […]

Black History Month: COR's Alando Simpson on people, planet and profit

Black History Month: COR’s Alando Simpson on people, planet and profit

This story is part of a series spotlighting the contributions of Black Portlanders to the regional economy. The Business Journal is profiling one Black-owned business a day through February. You can read the coverage here . We’ll be updating the page as we publish profiles, so check back often. Company name : COR (formerly known as City of Roses Disposal & Recycling Inc.) Founded: 1996-97 What it does: Solid waste collection, disposal, recycling and innovation Web: www.cordr.com COR CEO Alando Simpson loves to talk about sustainability and environmental stewardship. But his passion for planet goes beyond talk and into action through his strategic management of the family run solid waste collection and recycling business he leads. COR is a Certified B Corporation that offers alternative and sustainable ways to remove, repurpose and recycle material. For example, COR is working with Providence Park , home of the Timbers and Thorns, to lay the foundation for fully closed-loop, zero-waste generation. The company is also in the process of securing the first electric trash truck in Oregon . Simpson is incoming chair of the Portland Business Alliance executive committee and is chair of the Black Business Association of Oregon . Here’s what […]

Then & Now: Architect realizes dream by opening design firm

Then & Now: Architect realizes dream by opening design firm

Editor’s Note: The following story appeared in the Jan. 30 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business Journal’s Forty Under 40 class. ———————– On Jan. 13, 2020, Ryan Faust opened his architectural studio, fulfilling his lifelong dream of being a business owner. “It was an interesting time,” he recalled during a recent interview at BUF Studio ’s downtown Bentonville office. “If we’d known a pandemic was coming, we wouldn’t have done it. So, I’m glad I didn’t know it was coming. But you knew there was no turning back.” Faust, the firm’s managing principal, said BUF Studio thrived despite the challenges. “The first year [2020] was like a jet taking off,” he said. “And we haven’t slowed down. In a referral-based industry, you’ve got to do a good job, and we work hard to do our best.” Faust, 41, studied architecture, art history and global studies at Drury University in Springfield, Mo., and started his career as a project architect at Jack Ball Architects in 2005. While there, he received a distinguished service award from the local chapter of the American Institute of Architects (AIA) for […]

Nutanix to support Digital Transformation and Saudi Vision 2030 at LEAP

Nutanix to support Digital Transformation and Saudi Vision 2030 at LEAP

Nutanix, a leader in hybrid multi-cloud computing, has announced its participation at LEAP, the global platform for the most disruptive technology professionals, taking place in Riyadh. Mohamed Abulhouf, Senior Director, Emerging Markets for Nutanix The company will exhibit under the theme ‘The Power of Simplicity’ and will share its vision and strategy that emphasises that enterprises should take the leap into uncompromising Cloud freedom and embrace a hybrid multi-cloud platform that prioritises simplicity, flexibility and freedom of choice. Mohamed Abulhouf, Senior Director, Emerging Markets for Nutanix, said: “Digital Transformation will be key enabler of Saudi Arabia’s Vision 2030. However, we find that a lot of enterprises in the Kingdom grapple with IT complexity – especially when it pertains to the cloud, as a result of multiple vendors, interoperability challenges between technologies and stringent regulations. “With the intention of supporting the Government’s efforts to accelerate Digital Transformation, our focus at LEAP is to educate organisations on how they can simplify cloud infrastructures and allow for a consistent IT operating model, which is critical for success. We are bringing simplicity to the B2B technology stack and this is at the heart of the design of our solutions. We offer unparalleled freedom […]

FTC Staff Provides Annual Letter to CFPB On 2022 Equal Credit Opportunity Act Activities

FTC Staff Provides Annual Letter to CFPB On 2022 Equal Credit Opportunity Act Activities

The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its activities enforcing the Equal Credit Opportunity Act (ECOA) . The FTC is responsible for ECOA enforcement and education regarding most non-bank financial service providers. In its summary, FTC staff describes the Commission’s work on ECOA-related issues, including activities addressed in enforcement, research, and policy development such as: two cases against auto dealership groups— Napleton Auto and Passport Auto that charged the dealerships violated ECOA by discriminating with respect to interest rate markups and illegal junk fees; a staff report cautioning about relying on artificial intelligence to combat online problems, noting concerns that these tools can have inherent potential for inaccuracy, bias, and discrimination, and can harm marginalized communities; the FTC’s participation as a member of the Interagency Task Force on Fair Lending, a joint undertaking with the CFPB, DOJ, the Department of Housing and Urban Development (HUD), and the federal banking agencies, which shares information and discusses policy issues; and the FTC’s participation as a member of the Interagency Fair Lending Methodologies Working Group, with the CFPB, the Federal Housing Finance Agency, DOJ, HUD, and the federal banking agencies, […]