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Thailand's same-sex marriage legislation, scheduled to come into effect in January 2025, could attract an additional 4 million tourists to the country per year, according to a report commissioned by the travel company Agoda. The report published Thursday estimates the country's marriage equality law may increase tourism arrivals by 10%, netting the country an extra $2 billion in tourism revenue per year, within two years. Arrivals are expected to come, not only from same-sex couples and their wedding guests, but from the broader LGBTQ community and beyond. The new law will make Thailand the third place in Asia to allow same-same marriage, following Taiwan in 2019 and, on a more limited basis, Nepal in 2023. The law is also set to grant same-sex couples rights related to child adoption, health care and inheritance.

Organizations: Thailand's Tourism Industry, Partnership Locations: Thailand, Asia, Taiwan, Nepal

☆ Two major analysts called this boring telecom stock their top pick in two days
▼ + stars: | 2024-09-25 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Just two days after Goldman Sachs named AT & T its top telecom pick, JPMorgan reiterated it as one of its best ideas. JPMorgan analyst Sebastiano Petti called AT & T a broader "value pick" as it currently trades on a valuation discount relative to other names in the sector. AT & T's ongoing fiber optic additions in its broadband businesses well position it for long-term growth, Petti added. Both Petti and Goldman Sachs analyst James Schneider highlighted a potential share buyback announcement as a positive catalyst for shares. "We expect positive wireless results and potentially a capital allocation announcement with the initiation of a buyback.

Persons: Goldman Sachs, Sebastiano Petti, Petti, James Schneider, Schneider, JPMorgan's Petti Organizations: JPMorgan, 5G Locations: Petti, Tuesday's

☆ AI is making managers nervous
▼ + stars: | 2024-04-28 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Read previewManagers are worried that using powerful generative AI tools like OpenAI's ChatGPT in the workplace might cut their salaries. Of those surveyed, 48% of managers reported that AI tools are a "threat to their pay" and will "fuel wage declines" across the country in 2024. In early March, Cognition unveiled Devin, the 'first AI software engineer' the startup claims could fix bugs and train AI models. Sixty-two percent of managers surveyed, according to Beautiful.ai, said their employees feel like AI could eventually put them out of their jobs. "There's no doubt that the implementation of AI tools has employees questioning their value to a company," according to the survey.

Persons: —, Devin, Beautiful.ai, didn't Organizations: Service, Business

☆ Malaysia emerges as a hotspot for semiconductor firms amid U.S.-China chip tensions
▼ + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.

Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S

☆ Want a pay bump? Learn how to use AI. Here's how much the skill could be worth based on your job.
▼ + stars: | 2023-12-05 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Employers said they expect workers with AI skills to receive at least a 30% pay bump. AdvertisementIf your annual review is coming up, flexing your AI skills could be what helps you get that higher salary, a recent study suggests. AdvertisementIn turn, 84% of employees surveyed said that acquiring AI skills could lead to positive impacts on their careers — one of which is higher pay. While more than 80% of younger employees — including Gen Zers and millennials — expressed an interest in developing their AI skills, more than 65% of baby boomers and Gen Xers said they are keen on picking up AI skills as well. The findings on the AI skills premium comes as companies big and small ramp up their efforts to hire generative AI talent.

Persons: —, OpenAI's ChatGPT, Gen Zers, millennials —, Gen Xers, Richard Baldwin Organizations: Employers, Service, Amazon Web Services, AWS, Companies

☆ 5 things you should know about 5G before implementing it in your business
▼ + stars: | 2023-11-16 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +5 min

Building a private 5G network for your business could be beneficial if you need fast data transfers. But 5G is more expensive than 4G or WiFi, so it may not be worth it for every business. McKinsey has estimated that mobile operators will spend more than $650 billion from 2022 to 2025 to make 5G networks the norm. If you're considering adding 5G to your business, here's what you need to know. "At present, there are very few 5G business networks deployed, and many are still in a trial phase.

Persons: —, Keith Brownsword, Brownsword, William Webb, Webb, who's, Fabio Giust, Giust, it's, Samantha Kight Organizations: Service, Mobile, McKinsey, 4G, Institute of Electrical, Electronics Engineers, Access, 5G's

☆ Food production is accelerating the climate crisis, but AI and other emerging technologies could turn things around
▼ + stars: | 2023-11-07 | by ( Hazel Davis | ) www.businessinsider.com time to read: +6 min

Many common consumer food products are derived from fossil fuels. AdvertisementAdvertisementMultinational consumer food brands, including the fast-food giants McDonald's and Burger King, are under increasing pressure to decarbonize their supply chains and meet global net-zero and ESG goals. Many common ingredients used in consumer products are derived from fossil fuels or produced through unsustainable farming methods. AdvertisementAdvertisementHoxton Farms, a London-based biotech company, is working on creating cultivated fat as a sustainable alternative to traditional animal fats. Regulatory challenges and the path forwardWhile the potential for sustainable and alternative food products is promising, regulatory challenges exist.

Persons: —, Twig, Russ Tucker, Tucker, Ed Steele, Steele, Shivin Kohli, Kohli Organizations: Service, Department, Agriculture, Food and Drug Administration, FDA, USDA, Access Locations: Burger, Hoxton, London

☆ 3 cybersecurity threats to consider when building a private 5G network
▼ + stars: | 2023-10-26 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +5 min

Businesses may elect to build their own private 5G networks. Experts recommend building and securing a 5G network the same way you would a cloud network. Here are three threats to consider when building your own private 5G network. It's therefore important to constantly monitor how your private 5G network evolves over time — and watch for incursions from unrecognized sources in and out of the network. "Traffic entering and leaving all entry points into the 5G network should be monitored and inspected for threats," said Sandhu.

Persons: —, William Webb, Webb, Parm Sandhu, Sandhu, Aarthi Krishna Organizations: Service, IEEE, Access Partnership, NTT Ltd, 5G, IT

☆ The world's first real AI rules are coming soon. Here's what they will look like.
▼ + stars: | 2023-10-10 | by ( Kali Hays | ) www.businessinsider.com time to read: +7 min

The EU may be the first to enact generative AI regulation. The EU is likely to be the first region to enact some form of oversight or regulation around generative AI. The European Commission, which includes two dozen countries, is in late-stage negotiations over the AI Act, which it dubbed "the world's first rules on AI." Some AI tools could be banned in EuropeThe Act was first proposed in 2021, before OpenAI released its generative AI tools ChatGPT and DALL-E, leading the likes of Meta, Google, and Microsoft, to become public players in and leading proponents of generative AI. That one requirement could be enough to keep consumer-level generative AI out of China almost entirely.

Persons: —, OpenAI, they've, Mark Zuckerberg, Richard Blumenthal, Michelle Donnelan Organizations: Service, EU, European Commission, Meta, Google, Microsoft, Companies, EU Commission, White, Department for Science, Innovation, Technology, State for Science, Partnership, Carnegie Endowment, International Locations: China, EU, Brazil, Europe, China Brazil

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