The Economy Is Good But Not 5% Good

A former hotel owner in LoDo has been charged with defrauding the federal government by lying on loan applications and then using the public money for personal purchases. Amin Suliaman, 47, was arrested in Miami on Tuesday, one week after a federal grand jury indicted him on four counts of wire fraud.

Data and AI algorithms have potential, but we need wisdom to realize their full potential. The data flooding industries globally is staggering—from genomic sequences in healthcare to consumer behavior patterns in retail, to performance metrics in manufacturing. The potential of AI to transform these extensive data sets into practical knowledge is also undeniably staggering, yet there’s more value than just the data.

Two leaders in the AI wars announced chatbots this week that exploit the latest models’ multimodal and reasoning abilities. Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week here.

This is in stark contrast to a few years ago. EasyJet‘s big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the high cost of the strategy for an airline known for its no-frills service.

Kern County is betting on carbon capture to replace oil jobs and tax revenue. But will the county’s new economy repeat the sins of the old one? This story was produced by Grist and was copublished with High Country News. It was supported by the Fund for Environmental Journalism of the Society of Environmental Journalists.

Opportunities abound for business leaders to tackle this tier of greenhouse gas emissions, but private industry needs more leadership and collaboration to do so. In talking with supply chain leaders around the world, I often hear that reducing Scope 3 greenhouse gas emissions (GHGs) is either too confounding or too nebulous to warrant any meaningful investment or effort.