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Despite its reputation for gastronomy, France has become an American fast-food mecca. Between 2019 and 2023, more than 1,300 fast-food restaurants opened in the country, and over the past decade, sales increased by 61%.
OpenAI’s new text-to-video AI model Sora can create some very realistic scenes. How does this generative AI tech work? Why does it mess up sometimes? When will it be released to the public? What data was it trained on?
Matte paintings have transformed movies for over a hundred years. AI could be the next step in making them.
How artificial intelligence hides in plain sight.
Drivers in California are no strangers to pain at the pump. The state is home to some of the highest gas prices in the United States. There are several factors that go into what drivers pay at the pump, including refining costs, distribution and marketing
Fisker, the EV startup founded by renowned Danish car designer, Henrik Fisker, is struggling. The Fisker name became a cautionary tale for much of the automotive world after his first company, Fisker Automotive, ended in bankruptcy.
China’s economy is teetering on the brink of widespread deflation—a scenario that could cause even more problems than high inflation. Economists are afraid that deflation is happening in China like it did in Japan’s recession in the 1990s.
CNBC Marathon explores the decline of electric vehicle sales and its implications. In August 2023, it took about twice as long to sell an EV in the U.S. as it did the previous January.
CNBC Marathon explores the business of airline amenities and how airlines are working to improve them.
When investors think of the financial markets, the first thing that likely comes to mind is the stock market. But there is a bigger, less-flashy counterpart to the equity market: the bond market.
Hidden in the base of the control tower at London’s Heathrow Airport lies a development lab where AI algorithms and high definition cameras are beginning to redefine how air traffic controllers operate and whether there needs to be a tower at all.
AI models are starting to revolutionize weather forecasting.
With annual sales of $11.6 billion as of December 2023, Nescafé is Swiss-based food giant Nestlé’s largest coffee segment. Sold in over 180 countries, one in seven cups of coffee consumed worldwide is a Nescafé.
Americans drank an estimated 517 million cups of coffee daily in 2022 spending almost $110 billion on the beverage that year. Cold brews, expresso-based beverages and perfectly roasted beans are among the top drinks for today’s coffee aficionados.
With the highest-rated programming, the priciest ad time and rights deals worth billions, the National Football League is the most valuable content in media.
Many homeowners in the U.S. are losing their home insurance policies. Major insurers like State Farm and Allstate are no longer offering new policies in California.
The “Magnificent Seven”—Apple, Amazon, Tesla, Microsoft, Meta, Nvidia, and Alphabet—are stocks known for their skyrocketing climb in 2023, leaving the rest of the S&P 500 in the dust. But now, Tesla’s in the red after falling 25% in the last four weeks.
What if text prompts enabled anyone to make a blockbuster movie, or even an entire box-set’s worth of TV? That is the promise of AI. This technology could one day prove as transformative to the movie business as sound, colour, or even the camera itself.
The job market looks solid on paper. In 2023, unemployment hit a 54-year-low at 3.4% in January, according to the U.S. Department of Commerce. Bureau of Labor Statistics reported that U.S. employers added 2.7 million people to the payroll the same year.
Auto repair costs have been rising for years, but recently they've spiked. Experts say it's likely a mix of factors including heavier, faster and more complex vehicles, riskier driving behavior, new technology, and labor and supply shortages.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
Store Experience Study 2024: The Heart of Retail Evolves
The coming year appears bright with possibilities for the retail industry. Survey respondents have an optimistic outlook going into 2024. Overall store counts are up, IT spend is up, and NRF’s forecasted sales growth of 4-6% for 2023 lands right in the wheelhouse of the retailers who responded to our survey. - From RIS News Read more
The World's Most Powerful Passports in 2024
While Japan and Singapore ranked first for the last five years, four European countries—France, Germany, Italy, and Spain— climbed the ranks this year. The U.S. ranks in seventh, one of its worst relative rankings ever. After many years in the works, U.S. travelers will need a visa to travel to Europe in 2025. - From Visual Capitalist
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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