Good morning, Quartz readers!
Here’s what you need to know:
The Federal Reserve (Fed) is confident that it will succeed in its fight against inflation by 2026. Officials from the US central bank anticipate that the average annual inflation rate will decrease to 2% by that year. However, there are several factors that need to be taken into account in making this projection.
The US has granted work permits and legal status to almost 500,000 Venezuelan migrants. City officials have called for recently arrived migrants to be given work permits due to the strain on state resources.
Pennsylvania is implementing artificial intelligence (AI) into its operations and will establish an AI governing board.
Brightline is preparing to launch its high-speed rail service in Florida, which will be the first privately-owned passenger rail service in the US in a century.
The US is resuming the distribution of free COVID-19 tests. Starting from September 25th, individuals can order tests through COVIDTests.gov.
“Alexa, are you more than just a kitchen timer?”
In our latest Quartz Obsession podcast episode, “Smart homes: Built to crash,” host Scott Nover jokingly refers to his Amazon Echo as an overpriced kitchen timer. However, Amazon wants to change that perception. At the company’s recent hardware event, outgoing division head Dave Limp announced a significant language learning model that will allow Alexa to engage in more natural conversations, write love poems, share stories, and provide date night ideas. It remains to be seen if consumers actually desire these features.
An old problem for a new tool:
Aether, an AI platform for asset managers, is designed to generate stock performance estimates across varying timeframes for over 25,000 companies. However, the accuracy of Aether’s output relies heavily on its data, which includes sustainability metrics. Arabesque, the platform’s parent company, faces challenges in standardizing data due to companies’ diverse methods of calculating carbon emissions. Regulatory bodies are paying attention to AI-powered investment strategies, and creating a clean, green investment portfolio proves difficult even with AI.
It’s time to worry about the future of wheat:
Let’s examine some wheat-related numbers:
– Wheat represents 20% of the average global diet in terms of calorie intake, making it a crucial dietary fiber.
– Wheat demand is projected to increase by 50% by 2050.
– Wheat thrives in temperatures around 75°F (24°C).
The issue here is evident. As global temperatures rise and droughts become more frequent, wheat yields will decline. While there is still hope, the wheat farming industry must adapt to a changing future.
Quartz’s most popular stories:
– How Turkey is utilizing Starlink to secure a Tesla factory.
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– Instacart goes public while reducing minimum pay rates for gig workers.
– A lesser-known major local TV network aims to acquire ABC from Disney.
– This game will demonstrate the folly of selling stocks right now.
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Surprising discoveries:
– It’s time to vote for Tree of the Year! Don’t be afraid to try something new.
– McDonald’s faces backlash over coffee burns again. These incidents should not be taken lightly.
– A Danish artist’s blank canvas art project didn’t go as planned. He had to return the money borrowed from a museum for his “Take the Money and Run” pieces.
– Christo and Jeanne-Claude’s monumental installation in Paris was a success. The materials used to wrap the Arc de Triomphe will be repurposed for future events.
– Registered Republicans in the US are 24% more likely to be organ donors than Democrats. The history and future of organ donation are eye-opening.
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