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Corporate America
Trends
- 1Corporate America shifts toward cheaper open AI models▼Corporate America embraces cheaper ‘open’ AI models
US companies are increasingly adopting cheaper 'open' AI models rather than relying solely on expensive proprietary systems from major AI providers. The Financial Times reports that businesses see open-weight models as a way to cut costs while retaining more control and flexibility. The trend reflects growing price pressure on enterprise AI spending and improving performance of openly available models.
- 2CFOs raise inflation forecasts, flag interest rates as top worry●Corporate finance chiefs lift inflation outlook, cite rates as concern - Fed survey
A Federal Reserve survey of corporate finance chiefs finds that chief financial officers have raised their expectations for inflation and now cite interest rates as a key concern. The shift suggests businesses are bracing for price pressures to persist and for borrowing costs to remain a constraint on investment and hiring decisions.
- 3Michigan credit union CEO out after 'Lake America' viral backlash●Michigan credit union CEO is out after ‘Lake America’ blowback The executive privately posted an AI-altered photo of fam
The chief executive of a Michigan credit union has left his post after posting an AI-altered photo of family members wearing 'Lake America' sweatshirts during a vacation to Canada. The privately shared image was reposted publicly without an AI label and went viral, prompting widespread criticism and his dismissal.
- 4Wisconsin Joins $2.3 Million Labcorp Data Breach Settlement▼Wisconsin Joins $2.3M Labcorp Data Breach Settlement
Wisconsin has joined a $2.3 million settlement with Laboratory Corporation of America (Labcorp) related to a data breach. The settlement resolves claims connected to the exposure of customer information in a cyberattack. Residents affected by the breach may be eligible for compensation under the agreement. Details on payment amounts and eligibility deadlines have not been disclosed in the available coverage.