Commerce News
Commerce
The chief executive officer of OpenAI gave testimony May 16 before the U.S. Senate Committee on the Judiciary Subcommittee on Privacy, Technology and the Law addressing the importance of regulatory oversight on artificial intelligence.
Commerce
Architecture Industry Sees a Glimmer of Hope with Slight Uptick in Billings After Five Consecutive Months of Decline: AIA/Deltek Report
The American Institute of Architects reported a modest increase in billings for architecture firms in March.
Commerce
ITI president and CEO: 'The CHIPS Act will strengthen the United States’ innovation ecosystem'
The Information Technology Industry Council (ITI) emphasized the importance of maintaining global competition and leadership in semiconductor research and manufacturing as the U.S. implements the U.S. CHIPS and Science Act.
Commerce
Raimondo: ACE Seattle forms 'critical first steps in possible business, trade and investment'
The 16th Americas Competitiveness Exchange took place in the greater Seattle region May 14-19.
Commerce
Mai: Expanded collaboration with Salesforce 'will help position Esquire for continued long-term success'
Esquire Financial Holdings Inc. increased its use of Salesforce technology to more effectively power its hyper-personalized sales and marketing initiatives targeted at law firms nationwide.
Commerce
Jassey: 'There’s a lot to like about how our teams are delivering for customers' at Amazon
Amazon.com Inc. released its financial results for the first quarter ending March 31.
Commerce
IBM announces new artificial intelligence, data platform
IBM has announced the release of a new enterprise-ready artificial intelligence and data platform that will help transform AI for businesses.
Commerce
Tam: 'EDA is committed to supporting Tribal communities'
The 2023 National Association of Development Organizations economic summit in Denver, Colo., featured workshops that included a focus on Indigenous communities.
Commerce
Bullard: 'The fiscal stimulus is receding'
James Bullard, president of the Federal Reserve Bank of St. Louis, recently discussed the pandemic's fiscal-monetary reaction and its impact on inflation, emphasizing the need to offset the excessive inflation generated by the fiscal-monetary response.
Commerce
ITI applauds Supreme Court after it 'reached a unanimous decision not to impose liability for use of algorithms'
The Supreme Court has said it would "decline to address" Section 230 of the Communications Decency Act in the case of Gonzalez v. Google, effectively protecting tech companies from being held responsible for posts on their platforms.
Commerce
Jones: 'Slack GPT is the conversational AI platform of the future'
A San Francisco-based company that designs cloud-based software for businesses has announced a new conversational artificial intelligence experience.
Commerce
Vedova: Pharmaceutical industry consolidations give ‘powerful companies a pass to exorbitantly hike prescription drug prices’
The Federal Trade Commission is suing to block a large pharmaceutical corporation from acquiring a specialty biotech firm to avoid giving the corporation undue control over essential medicines.
Commerce
Raimondo: 'SelectTalentUSA will help encourage investment in America'
The U.S. Departments of Commerce, Labor and Education have launched a new joint initiative — SelectTalentUSA — to encourage foreign multinationals to invest in the United States and increase the quality of jobs through foreign direct investment.
Commerce
Khan: The U.S. can compete internationally by ‘making sure that we are a home for innovation’
The chair of the Federal Trade Commission Linda Khan has called for enforcement of antitrust laws to spur innovations in technology even as the commission has proposed a blanket prohibition preventing Facebook from profiting from data it collects for users under 18.
Commerce
Bitcoin’s rising fees send users scrambling for options
In one night, a miner reaped 6.701 bitcoin (BTC), yielding almost $200,000 in transaction fees.
Commerce
Cravins: ‘MBDA will make sure our AANHPI-owned businesses have what they need'
The U.S. Department of Commerce’s Minority Business Development Agency recognized Asian American, Native Hawaiian and Pacific Islander Heritage Month in May.
Commerce
U.S. Senate Committee grapples with AI oversight, IBM and NYU experts testify
The U.S. Senate Subcommittee on Privacy, Technology, and the Law convened May 16 for a hearing on "Oversight of A.I.: Rules for Artificial Intelligence."
Commerce
Chamber of Digital Commerce: 'We stand in solidarity with Coinbase in their ongoing legal battle against the Securities and Exchange Commission'
Coinbase, the largest cryptocurrency exchange in the U.S., took action in federal court last month, asking the U.S. Securities and Exchange Commission (SEC) to respond to a petition the company filed last year seeking clarity for the digital asset industry.
Commerce
Graves: Economic Development District in Puerto Rico ‘a foundation for future economic success’
The first regional Economic Development District in Puerto Rico has been designated by the U.S. Department of Commerce’s Economic Development Administration.
Commerce
Loughead: 'Moving to a single-rate tax structure would yield many benefits for Wisconsin'
Katherine Loughead, a senior policy analyst with the nonpartisan Tax Foundation, recently made recommendations to improve Wisconsin’s tax structure and competitiveness in her testimony before the state legislature’s Committee on Ways and Means.
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