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Category Archives: Economy

About a quarter of U.S. teens have used ChatGPT for schoolwork

“As debates continue over whether chatbots should have a role in the classroom, more teens are turning to ChatGPT to help with schoolwork. The share of teens who say they use ChatGPT for their schoolwork has risen to 26%, according to a Pew Research Center survey of U.S. teens ages 13 to 17. That’s up from 13% in 2023. Still, most teens (73%) have not used the chatbot in this way. Teens’ use of ChatGPT for schoolwork increased across demographic groups. But certain groups stand out for using the chatbot in this way:  By race and ethnicity – Black and Hispanic teens (31% each) are more likely than White teens (22%) to say they have used ChatGPT for their schoolwork. But this wasn’t the case as recently as last year. In 2023, similar shares of White (11%), Black (13%) and Hispanic teens (11%) said they used the chatbot for schoolwork. (There were not enough Asian teens in the sample to be broken out into a separate analysis.) By grade level – Teens in 11th and 12th grade (31%) are more likely than seventh and eighth graders (20%) to say they use ChatGPT for their schoolwork. About a quarter of ninth and 10th graders say this, which is not significantly different from the other two groups. Teens’ use of ChatGPT for schoolwork does not vary by gender or household income…”

What Trump Did on Day 1: Executive Orders

“Here are list of the most significant moves the president made on Day 1. unpaywalled New York Times – [Note – All Presidential actions are published here] Mr. Trump issued a sweeping grant of clemency to all of the nearly 1,600 people charged in connection with the Jan. 6, 2021, attack on the Capitol, issuing… Continue Reading

Who Really Owns the Airbnbs You’re Booking? — Marketing Perception vs Data Analytics Reality

“Over the last 20 years, Airbnb has spent billions on brand building as the authentic, novel and community-led alternative to hotels. But, are they really? In this article, I will use data from InsideAirbnb to reveal Airbnb’s ownership patterns. Then, I’ll walk you through how I came to my conclusions so you can do the… Continue Reading

FTC Surveillance Pricing Study – Wide Range of Personal Data Used to Set Individualized Consumer Prices

“The agency details interim insights from staff perspective examining how companies track consumer behaviors to inform surveillance pricing. The Federal Trade Commission’s initial findings from its surveillance pricing market study revealed that details like a person’s precise location or browser history can be frequently used to target individual consumers with different prices for the same… Continue Reading

Perplexity acquires Read.cv, a social media platform for professionals

TechCrunch: “Read.cv, a social media platform for professionals that competed with LinkedIn, has been acquired by AI-powered search engine Perplexity. As part of the deal, Read.cv will begin to wind down operations Friday. Users will be able to export their data, including their profiles, posts, and messages, until May 16. “We’ve long admired Perplexity and… Continue Reading

Top financial watchdog warns climate change set to trigger market panics

Financial Times – “Basel-based FSB says damage caused by floods, droughts and fires threatens broader pullback in lending, “The world’s financial stability watchdog has warned that disasters caused by climate change are increasingly likely to trigger broader panic in financial markets. The world breached 1.5C of warming above preindustrial levels for the first time last… Continue Reading

ProPublica Releases New Private School Demographics Lookup

“Now you can look up detailed demographic information about thousands of private schools across the country and compare them to nearby public schools. Private schools in the United States are, on the whole, whiter than public schools, with fewer Black, Hispanic or Latino students. This may not be a surprising statistic because private schools can… Continue Reading

Americans Use AI in Everyday Products Without Realizing It

Axios: “The vast majority of Americans use products that involve AI, but their views of the technology remain overwhelmingly negative, according to a Gallup-Telescope survey published Wednesday.Why it matters: The rapid advancement of generative AI threatens to have far-reaching consequences for Americans’ everyday lives, including reshaping the job market, impacting elections, and affecting the healthcare… Continue Reading

AI in Finance and Banking, January 15, 2025

Via LLRX – AI in Finance and Banking, January 15, 2025 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological… Continue Reading

US sales of physical books rose in 2024 after three years of decline

“Industry figures showed that 782.7 million print books were sold last year, up 1% on 2023 although still nearly 40 million down from the peak of 2021. Growth was driven by fiction, especially fantasy, while adult nonfiction, the biggest category, fell slightly. Print editions have been challenged by both ebooks and audiobooks: The latter are… Continue Reading

Big 3 Pharmacy Benefit Manager charging enormous markups on dozens of lifesaving drugs

“The Federal Trade Commission today published a second interim staff report on the prescription drug middleman industry, which focuses on pharmacy benefit managers’ (PBMs) influence over specialty generic drugs, including significant price markups by PBMs for cancer, HIV, and a variety of other critical drugs. Staff’s latest report found that the ‘Big 3 PBMs’—Caremark Rx,… Continue Reading