Tag: opinion

Opinion | Ex-Google director: The real wolf menacing the news business is AI

Jim Albrecht was senior director of news ecosystem products at Google from 2017 to 2023.

The news publishing industry has always reviled new technology, whether it was radio or television, the internet or, now, generative artificial intelligence. After all, newspapers long had a monopoly on the distribution of information, and each innovation pared back the exclusiveness of that franchise.

The news industry’s problem has also been my problem. For the past seven years, I ran a team at Google focused on making the web ecosystem more hospitable to news publishers. We built products to make the production of expensive journalism cheaper (giving them cutting-edge AI document analysis and transcription tools), to make it easier for people to buy subscriptions, and to let publishers showcase their editorial viewpoints and thus find their audiences more effectively. In aggregate, these things delivered billions of dollars of value to publishers around the world.

But they did not fundamentally alter the fact that the internet had hollowed out the value of the daily newspaper. Back in the day, if you wanted to know a sports score, a stock quote, a movie showtime, where the garage sales were or what concerts were coming up, you looked in the newspaper. Now, the web allows you to find this information more quickly elsewhere. So, if consumers once had 20 reasons to buy a newspaper, now they had only one: news — the labor-intensive, expensive work of reporting and writing the news — which isn’t a thing advertisers are especially excited to be associated with.

To combat this turn of affairs, news publishers, first in Europe but increasingly around the world, began turning to regulators and legislators to restore their past dominance — or at least their profitability. And I had to figure out how Google would respond to

Big Tech vs Canada – Opinion News

By Siddharth Pai

Last week, Google and the government of Canada “reached a deal”. The fact that a sovereign government must “reach a deal” when trying to enforce a properly enacted law on a company doing business within its borders is hard to imagine, but is unfortunately, this is the situation in the world today. Big Tech can strongarm governments, not the other way around.

Let me explain. First, the law. Canada has recently passed an Online News Act which comes into force on December 19. According to Wikipedia “The Online News Act, known commonly as Bill C-18, is a Canadian federal statute. Introduced in the 44th Canadian Parliament, passed by the Senate on June 15, 2023, and receiving royal assent on June 22, 2023, the act will implement a framework under which digital news intermediaries (including search engines and social networking services) that hold an asymmetric position must bargain with online news publishers to compensate them for the act of reproducing or facilitating access to their content via their platforms.”

Simply stated, Google and Meta (Facebook) must pay news outlets (like this paper) a fairly determined sum of money to carry the outlet’s news. As of today, the search engine and Meta simply put up links to these outlets—and appropriate a precis/summary using generative Artificial Intelligence (AI) tools that “strengthen your search” so that you can get an overview about the news article and related topics. (If you haven’t done so already, see if you can incorporate Google’s AI tool into your web browser. Its ability to provide a rather precise summary is quite something).

Meta began throttling Canadian news content on Facebook and Instagram on August 1. Users trying to access news on these Meta properties see messages saying they can’t see the content in Canada or can’t

Opinion: Higher immigration without business investment lowers Canadian living standards

Open this photo in gallery:

People walk in Vancouver’s business district over the lunch hour on April 22, 2022.JENNIFER GAUTHIER/The Globe and Mail

William Robson is chief executive of the C.D. Howe Institute. He recently co-authored a report on business investment in Canada.

Immigration is driving a historic surge in Canada’s population. At the same time, Canadian wages and living standards are stagnant. That is a bad combination – and, worse, it is not a coincidence. And here’s the link: Business investment is so weak that the stock of productive capital per worker in Canada – the buildings, tools and software they use – is falling. More workers and less capital are putting Canada on a path to a low-productivity, low-wage economy.

Polls show that most Canadians think of immigration as a driver of economic progress. Until recently, that belief was well founded. Immigrants earn less than Canadian-born contemporaries when they first arrive – so, crunching the numbers, recent arrivals lower average incomes. But they tended to catch up. Thanks in part to a system that identified people whose economic prospects in Canada were good, immigrants, and their children and grandchildren, had a good chance of becoming productive, high earners – and, crunching the numbers, of raising average incomes.

A key complementary force in this success was business investment that gave the average Canadian worker, recent arrival or not, more capital – newer and better tools to work with – each year. Historically, Canada’s stock of business capital – non-residential structures, machinery and equipment, and intellectual property products, adjusted for price changes – grew consistently faster than Canada’s work force. Over time, Canadian workers, immigrants and native-born alike, got better factories and offices, better vehicles, machine tools and electronics, and better software and databases. That raised their productivity

OPINION: Hispanic entrepreneurship at the forefront of the American business boom

By Aikta Marcoulier

Updated: 12 hours ago Published: 12 hours ago

Each year from Sept. 15 through Oct. 15, Americans celebrate National Hispanic Heritage Month by recognizing the unique cultures, numerous contributions and rich histories of the Latino community in the United States. Hispanic heritage and traditions hold an important place in the heart and soul of our nation and this recognition reminds us that the American identity is a fabric of diverse traditions and stories woven together. During National Hispanic Heritage Month, we reaffirm that diversity is one of our country’s greatest strengths.

The Biden-Harris administration and U.S. Small Business Administration Administrator Isabella Casillas Guzman are committed to the success of Hispanic communities. More Hispanics than ever before are seizing the opportunity to create new businesses which enhance our cities and neighborhoods. Data shows that the five million Latino-owned businesses contribute $800 billion each year to our economy. In the past decade, Latino entrepreneur growth rates have risen 10 times faster than non-Latino businesses. In Alaska, Hispanics own nearly 3,000 businesses employing thousands of workers and contributing millions of dollars to local economies.

Both President Joe Biden and Administrator Guzman — the highest-ranking Latina in the president’s administration — have made strengthening Hispanic-owned small businesses a priority. Over the last 33 months we have seen the fastest creation rate of Hispanic-owned businesses in over a decade, which was more than 20% faster than pre-pandemic levels. The president made a goal of increasing by 50% the amount of federal contracting dollars going to small, disadvantaged businesses by 2025, which translates to an additional $100 billion for minority-owned and other underserved businesses and will help more Americans realize

How are Iranian Americans impacting U.S. business? | Opinion

As we celebrate America’s independence in July, let us highlight the significant contributions of immigrants who have woven the fabric of the United States since its founding. They have played a vital role in building our country, working in all sectors of the economy from agriculture to technology.

Iranian Americans serve as a powerful testament to the positive impact that immigrants can have on our country. The Iranian diaspora in the United States is a vibrant and successful community, estimated to be around 1 million individuals. To Americans, they serve as a window into Iran, while for Iranians residing in the country, they represent successful examples of their compatriots in the United States. 

From Silicon Valley to UCLA, Stanford University and Princeton University, Iranian Americans contribute to the economy of our country by leading major technology firms, holding positions in prestigious universities and owning small businesses.

Successful Iranian American businessmen in Utah have made remarkable contributions to our state. Khosrow Semnani founded the Maliheh Free Clinic, which provides high-quality, same-day urgent medical care to those in the greatest need. Hamid Adib supports hundreds of children through the Heal Child Skin Disease Foundation. And Mehdi Heravi, an alumnus of Utah State University, made generous donations to establish the Heravi Peace Institute at the university. 

These individuals are a part of the national picture of successful Iranian Americans who have enriched our country and contributed to the positive perception of Iranian Americans in the United States.

A 2008 report by the Small Business Administration found that Iranian Americans had a business ownership rate of 21.5%, significantly higher than the national average of 18.3%. The report also revealed that Iranian Americans earned a total of $2.56 billion in net business income. 

It is likely that these numbers are even higher

Business And Finance News, Opinion And Analysis

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Business And Finance News, Opinion And Analysis

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Business And Finance News, Opinion And Analysis

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Business And Finance News, Opinion And Evaluation

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Business And Finance News, Opinion And Evaluation

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