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Suntory boss expects to sell less in Europe, Canada and Mexico as a result of US president’s protectionist trade policiesView the full article

Black-owned small businesses are embracing digital tools at higher rates than their non-Black counterparts, helping them navigate financial challenges and drive long-term success, according to a new Intuit QuickBooks Black History Month Survey. The report highlights how early technology adoption is proving to be a key factor in business resilience and financial health, even as access to funding remains a major hurdle. Technology Adoption as a Competitive Advantage The study, based on insights from 2,490 Black and 3,000 non-Black small business owners, found that 28% of Black entrepreneurs are early adopters of new technology, compared to 20% of non-Black entrepreneurs. Businesses that adopt technology later or not at all are nearly twice as likely to struggle or face closure, highlighting the importance of digital tools in long-term business viability. Social media, mobile point-of-sale (POS) systems, customer relationship management (CRM) software, and AI-powered solutions were identified as key drivers of success, with 84% of Black business owners stating that technology is a major contributor to their growth. Social Media and AI Fuel Business Growth Among digital tools, social media stands out, with 70% of Black entrepreneurs crediting it as a critical business driver. It is primarily used for product promotion (64%), brand awareness (51%), and customer engagement (50%). AI adoption is also significantly higher among Black-owned businesses, with 79% integrating AI tools, compared to 62% of non-Black business owners. AI is being used for idea generation (47%), customer support (34%), and marketing (31%), reinforcing its role in streamlining operations and improving efficiency. Financial Challenges Persist Despite Progress While Black entrepreneurs are making strides with technology, financial barriers remain a significant challenge. The study found that 80% of Black business owners used personal funds to cover business expenses in the past year—down from 85% last year but still higher than the 47% of non-Black entrepreneurs who rely on credit cards. Additionally, Black business owners were twice as likely to be denied a bank loan (30%) compared to their non-Black counterparts (15%). Fewer Black entrepreneurs applied for startup loans in the past year, with 45% seeking funding, down from 76% in 2023, mirroring an industry-wide shift away from traditional lending sources. Early Tech Adoption Reduces Financial Strain The report suggests that businesses leveraging technology early are 20% less likely to use personal funds to sustain operations. Seventy-eight percent of Black entrepreneurs believe that digital tools better prepare them for financial challenges, while 93% agree that technology adoption is helping close the racial wealth gap. Lower Barriers to Business Entry The study also found a sharp decline in startup costs for Black entrepreneurs. The average cost to start a Black-owned business fell to $9,800, down from $21,000 in 2023, and lower than the $12,900 average for non-Black entrepreneurs. Looking Ahead: Technology as an Equalizer Black entrepreneurs overwhelmingly view technology as a leveling force in business, with 82% agreeing that it is creating more equitable opportunities. As more Black-owned businesses embrace AI, digital marketing, and automation tools, early adoption trends are likely to continue, reinforcing technology’s role in reducing financial risk and fostering business sustainability. This article, "Black-Owned Businesses Leverage Early Tech Adoption to Overcome Financial Barriers" was first published on Small Business Trends View the full article

Black-owned small businesses are embracing digital tools at higher rates than their non-Black counterparts, helping them navigate financial challenges and drive long-term success, according to a new Intuit QuickBooks Black History Month Survey. The report highlights how early technology adoption is proving to be a key factor in business resilience and financial health, even as access to funding remains a major hurdle. Technology Adoption as a Competitive Advantage The study, based on insights from 2,490 Black and 3,000 non-Black small business owners, found that 28% of Black entrepreneurs are early adopters of new technology, compared to 20% of non-Black entrepreneurs. Businesses that adopt technology later or not at all are nearly twice as likely to struggle or face closure, highlighting the importance of digital tools in long-term business viability. Social media, mobile point-of-sale (POS) systems, customer relationship management (CRM) software, and AI-powered solutions were identified as key drivers of success, with 84% of Black business owners stating that technology is a major contributor to their growth. Social Media and AI Fuel Business Growth Among digital tools, social media stands out, with 70% of Black entrepreneurs crediting it as a critical business driver. It is primarily used for product promotion (64%), brand awareness (51%), and customer engagement (50%). AI adoption is also significantly higher among Black-owned businesses, with 79% integrating AI tools, compared to 62% of non-Black business owners. AI is being used for idea generation (47%), customer support (34%), and marketing (31%), reinforcing its role in streamlining operations and improving efficiency. Financial Challenges Persist Despite Progress While Black entrepreneurs are making strides with technology, financial barriers remain a significant challenge. The study found that 80% of Black business owners used personal funds to cover business expenses in the past year—down from 85% last year but still higher than the 47% of non-Black entrepreneurs who rely on credit cards. Additionally, Black business owners were twice as likely to be denied a bank loan (30%) compared to their non-Black counterparts (15%). Fewer Black entrepreneurs applied for startup loans in the past year, with 45% seeking funding, down from 76% in 2023, mirroring an industry-wide shift away from traditional lending sources. Early Tech Adoption Reduces Financial Strain The report suggests that businesses leveraging technology early are 20% less likely to use personal funds to sustain operations. Seventy-eight percent of Black entrepreneurs believe that digital tools better prepare them for financial challenges, while 93% agree that technology adoption is helping close the racial wealth gap. Lower Barriers to Business Entry The study also found a sharp decline in startup costs for Black entrepreneurs. The average cost to start a Black-owned business fell to $9,800, down from $21,000 in 2023, and lower than the $12,900 average for non-Black entrepreneurs. Looking Ahead: Technology as an Equalizer Black entrepreneurs overwhelmingly view technology as a leveling force in business, with 82% agreeing that it is creating more equitable opportunities. As more Black-owned businesses embrace AI, digital marketing, and automation tools, early adoption trends are likely to continue, reinforcing technology’s role in reducing financial risk and fostering business sustainability. This article, "Black-Owned Businesses Leverage Early Tech Adoption to Overcome Financial Barriers" was first published on Small Business Trends View the full article

Nearly half of Americans believe that we will see a civil war in the United States in our lifetime. As a corporate leader of a large, diverse team that operates across the United States, I am simultaneously horrified by this and hopeful that it will not come to fruition. The workplace gives me a window into the relationships that are at stake if our country further divides. It also gives me hope that relationships can hold us together, two people at a time. I met my colleague Ted last year. We are a generation apart. I’m a city girl. He’s a country guy. I’ve never voted Republican. I doubt he’s ever voted for a Democrat. We both call ourselves Christian, while our similar faith identities guide distinct political choices. Ted and I met at a company-sponsored volunteer week, swinging hammers and painting bold yellow safety lines on the floor of a Habitat for Humanity warehouse in rural Kaua’i. Amidst bruised thumbs (mine) and splattered paint (also mine) we talked about our opposing views on social issues. We also shared tears about loved ones lost and pride for the purpose of our company, Thrivent, where Ted is a 41-year veteran financial advisor, and I am a relatively new executive. Ted and I came away knowing that, despite differences, we have many more values that we share, including our passion for service and community-building among colleagues. We’ve stayed in touch. Ted has both questioned and complimented my marketing team’s work in how we are evolving telling Thrivent’s story in our advertising. He’s also graciously welcomed my family at corporate events. Post-election day On Wednesday, November 6, 2024, I knew it might be difficult for many colleagues—regardless of how they voted—to show up for work the morning after the election. As soon as I arrived, an email came in from Ted. “Good Mornin’ Sunshine!!!” read the subject. One could bristle at seeing that, but I did not. Seeing this come from Ted is like seeing it come from my favorite uncle. I smile as I open the message. Ted was not writing to gloat. He didn’t even mention the election. He was writing to offer thoughts on an article on Thrivent’s intranet site highlighting veterans’ work. He discussed Thanksgiving plans and wished my family well. He was making an authentic connection despite political divisiveness around us and demonstrating genuine care. In a world where we are increasingly sucked into echo chambers of our individual beliefs, the workplace remains a place where we can connect with people with different beliefs and recognize that it is possible not only to work together, but to do work together. For those of us lucky enough to work at a purpose-based and values-driven company, now is the time to lean into those strengths, focus on growth and the impact we have, even amidst differences. Everyone should belong at work Thrivent is a Fortune 500 financial services company whose purpose is to empower lives of service and faith. It is a unique organization that faces cultural challenges of divisiveness just like any large corporation today. Regardless of politics, I want Thrivent to continue to be a place where both Ted and I belong. I read Ted’s email and thought about this for a moment, and then about my team, and our upcoming day—today of all days—of team building that had been on the calendar for months. I sent them an email with the subject “Taking on the day.” In it, I included the following: I am cognizant of how divisive our country is right now, and how divided we are, and how, regardless of the outcome of the election, we would all be among people who are hurting and worried today. I know you all care about this team just as I do. I was thinking about our shared values at Thrivent and how relevant they can be as guiding principles for how we get through tough days together: Empathy—recognize that we all have our own emotional journeys today and be there for one another Authenticity—don’t be afraid to be real with each other, and know that that realness will be met with empathy Commitment—keep moving forward and look for opportunities to serve, and live into the community that we want to be a part of Impact—recognize the strength of our collective effort, and the good that we can do in the world when we focus our energy together Gratitude—even on the difficult days, take comfort in all the gifts that we have, including the gift of each other These are Thrivent’s values. They are not the values of Republicans or Democrats, red states or blue. At work—at my work—they rally us despite forces that could otherwise divide. There are many corporations whose purpose and values put them squarely on one side of a social issue. Most large organizations, though, do not have a purpose that puts them on one end of a political spectrum or another, and, therefore, can be a place where people can work together to have impact despite political differences. In the worldview that Ted and I share, our greatest role in work, and life, is to love one another. There is no room for civil war in this worldview. Using shared purpose and values at work is a unifier that helps us find love for all. Let’s get to work. Carolyn Sakstrup is EVP and chief growth and generosity officer at Thrivent. View the full article

Changes will pave the way for construction of a new generation of small modular reactorsView the full article

In just a couple of years, generative AI (GenAI) has made a big impact on the way people, companies, and entire industries think about work. It’s helping doctors and nurses, who spend more than a third of their work week on paperwork, free up more time to focus on patients. Scientists are using GenAI ideation to achieve research breakthroughs. In the field of law, where time is so valuable it’s often measured in six-minute increments, GenAI’s ability to understand and analyze documents faster than any person can is quickly becoming indispensable. Many legal teams doing text-heavy work are using innovative GenAI tools to speed their race against the ever-present clock. The next time you’re in a time crunch with your work, GenAI can also come in clutch for you. Here are three inspirational ways that GenAI is giving legal teams an unmistakable advantage in speed. 1. Cut through the chaos Even the most sensational courtroom dramas rely on evidence. Complex matters such as criminal cases, business disputes, corporate mergers, and countless others are based on the facts found in millions of evidentiary documents. For example, litigation against the opioid industry has created more than four million documents. The vast majority of legal cases never make it to trial. Instead, they unfold in what feels like a game of chess, as opposing parties maneuver and negotiate back and forth. Knowledge and speed are strategic assets here, and GenAI has become an important tool that lawyers are using to achieve both. Cole, Scott & Kissane, a law firm specializing in civil litigation, has experienced the real-world impacts in resolving matters faster than before with the help of AI technology. “GenAI legal software proved helpful in reaching a settlement,” Manuel Delgado, the firm’s litigation support manager told us. “With it, we were able to quickly summarize dozens of financial reports prior to conference. Some of the insights we gained caught the plaintiff by surprise. A settlement was solidified thereafter, and our client was thrilled.” 2. Find the needle in the haystack, faster Discovery is the stage of a civil lawsuit where opposing parties gather and exchange information and evidence relevant to their respective cases. It is part of the law of civil procedure adopted by the U.S. legal system in 1938. As recently as the late 1990s, discovery was a paper-based chore. With large cases, hundreds of cardboard “bankers boxes” would be delivered to law firms; junior associates then spent hours scanning thousands of pages, searching for bits of invaluable information like a needle in a haystack. It was tedious, “brain deadening” work. Today, the problem seems harder: Millions of discovery documents may arrive at once, electronically, often at the last allowable minute. Sometimes a needle is found in the haystack. In civil litigation against Theranos cofounder Elizabeth Holmes, prosecutors dove into evidentiary metadata to find more than 40 key documents, all potentially bolstering the case that Holmes and other company executives were well aware of the deception the company was later accused of, and of which Holmes was eventually found criminally guilty. But historically, legal teams have had to spend enormous amounts of time, usually measured in months and often requiring dozens of attorneys, reviewing discovery documents manually to find such needles. GenAI-powered e-discovery legal tech software has completely changed the game, allowing large volumes of electronic documents to quickly be analyzed, summarized, and assembled into a structured story. Cal Yeaman completed the review of more than 10,000 documents in minutes—something that would have taken a team of human reviewers several days. Yeaman is a project attorney at Orrick, one of the largest law firms in the country. He said at our company summit that GenAI’s coding suggestions, which help identify relevant documents in discovery, were more accurate and consistent than human review. Running the numbers, Yeaman estimated that the new AI-powered review process reduced their cost of document review by more than 50%. 3. Get the lay of the land in minutes Law is a service business with high client expectations. Firms pride themselves on their commitment to serving client needs, an attitude that extends to the legal support teams behind the scenes. Jen Jackson, a senior analyst at the boutique employment law firm Baker Dolinko & Schwartz, had GenAI come in clutch when 10 new business requests for proposals, including over 120 pages of questions and 500 items, landed in her inbox. She also mentioned at our summit that instead of handing the task off to a junior attorney, wasting time and billable hours, she uploaded the documents to a GenAI tool that functions as a “smart intern” and got a condensed two-page summary of the tasks in minutes. How will GenAI come in clutch for you? Do you need to cut through the chaos? Find a needle in a haystack? Get the lay of the land, fast? With a little imagination, GenAI can be an invaluable tool the next time you’re in a time crunch. AJ Shankar is CEO of Everlaw. View the full article

With the Federal Reserve eying changes to its annual examination of large bank resilience, this year's test could be the last of its kind. View the full article

We may earn a commission from links on this page. Deal pricing and availability subject to change after time of publication. If you missed the chance to grab a new TV during recent Prime Day or Black Friday sales, the Super Bowl is your next best shot at scoring a deep discount. Plenty of TVs from the top brands are on sale right now, and you still have time to get them before the game on Sunday, Feb. 9. (Note: Some models may not be available in your part of the country.) The best deals on TVs under 45 inchesDon't be distracted by the fact that TVs keep getting bigger and bigger. If your living room isn't huge, or you don't have wall space, a massive TV isn't better. 40 inch TVs are still big. Amazon Fire TV 43" 4-Series 4K UHD smart TV with Alexa $229.99 at Amazon /images/amazon-prime.svg $369.99 Save $140.00 Get Deal Get Deal $229.99 at Amazon /images/amazon-prime.svg $369.99 Save $140.00 Hisense 43" Class A7 Series 4K UHD Smart Fire TV $199.99 at Amazon /images/amazon-prime.svg $249.99 Save $50.00 Shop Now Shop Now $199.99 at Amazon /images/amazon-prime.svg $249.99 Save $50.00 SAMSUNG 43-Inch Class QLED 4K QN90D $897.99 at Amazon /images/amazon-prime.svg $1,297.99 Save $400.00 Shop Now Shop Now $897.99 at Amazon /images/amazon-prime.svg $1,297.99 Save $400.00 SEE 0 MORE Amazon Fire TV 43" 4-Series 4K UHD smart TV with AlexaI've had an Amazon Fire TV for the last year, and I'm always impressed at how easy it is tune into whatever you want, on whichever streamer you want, using Alexa. Bring movies and shows to life with support for vivid 4K Ultra HD, HDR 10, HLG, and Dolby Digital Plus. 4K Ultra HD Use Alexa to turn the tv on and off, and as a smart assistant unrelated to the TV Easy to add streaming apps Live, free TV channels 4 HDMI inputs Was $369.99, discounted to $229.99 Hisense 43" Class A7 Series 4K UHD Smart Fire TVHisense has become a major player with televisions, competing against legacy brands like Sony and Samsung. This model also comes equipped with Alexa, which means you have an additional smart speaker in your home (the tv). Dolby Vision-Atmos Fire TV built in, able to add unlimited apps for streamers 4k upscaling- even older shows and movies look natural in 4k. Was $249.99, now $199.99 SAMSUNG 43-Inch Class QLED 4K Smart TV I've been living with this Samsung line for 16 months and every single day I turn the TV on, I am still amazed by the clarity and depth of the picture. Another notable point is how much Samsung has reduced the frame, so you see picture from edge to edge. 4K TV features Quantum Matrix with Mini LEDs for precise lighting Dolby Atmos and Object Tracking Sound+ The NQ4 AI Gen2 Processor powers the 4K AI Upscaling, so color and picture of HDR is crisp and clear in 4K. Samsung and Amazon voice assistants on board, and ability to add as many streaming apps as you'd like. Was $1297.99, discounted to $897.99 The best deals on TVs up to 55 inchesThis is the range most TV purchases fall into, as most homes simply weren't built with wall space to accommodate a 70 inch television. These are still plenty large to get every detail out of the game. Amazon Fire TV 55" 4-Series 4K UHD smart TV $319.99 at Amazon /images/amazon-prime.svg $519.99 Save $200.00 Get Deal Get Deal $319.99 at Amazon /images/amazon-prime.svg $519.99 Save $200.00 55" Samsung Q60D Series QLED 4K Smart TV $547.99 at Amazon /images/amazon-prime.svg $797.99 Save $250.00 Shop Now Shop Now $547.99 at Amazon /images/amazon-prime.svg $797.99 Save $250.00 SEE -1 MORE Amazon Fire TV 55" 4-Series 4K UHD smart TV 4K Ultra HD Use Alexa to turn the tv on and off, and as a smart assistant unrelated to the TV Easy to add streaming apps Live, free TV channels 4 HDMI inputs Was $519.99, now $319.99 SAMSUNG 55-Inch Class QLED 4K Q60D Series Over a billion shades of brilliant color and exceptional contrast Dedicated gaming hub Plenty of HDMI and USB ports, this TV seamlessly integrates with your home theater setup and other devices. Ultra-slim AirSlim profile Was $797.99, discounted to $547.99 The best deals on TVs up to 70 inchesThis new class of objectively huge televisions means you can magnify each play during the game, and these models have enough resolution that you won't lose detail doing so. SAMSUNG 65-Inch Class Crystal UHD 4K $747.95 at Amazon Shop Now Shop Now $747.95 at Amazon TCL 65-Inch Class S5 UHD 4K LED Smart TV $339.99 at Amazon /images/amazon-prime.svg $446.84 Save $106.85 Shop Now Shop Now $339.99 at Amazon /images/amazon-prime.svg $446.84 Save $106.85 Hisense 65-Inch Class QD7 Series QLED 4K UHD $399.99 at Amazon /images/amazon-prime.svg $572.63 Save $172.64 Shop Now Shop Now $399.99 at Amazon /images/amazon-prime.svg $572.63 Save $172.64 SEE 0 MORE SAMSUNG 65-Inch Class Crystal UHD 4KWhile not the QLED or OLED model, this model offers a lot of value at a more budget price point, while maintaining some of the nicer features of more expensive models. 3840 x 2160 resolution Smart assistants on board, and unlimited streaming apps Virtual 3D surround sound experience Was $469.99, now $397.99 TCL 65-Inch Class S5 UHD 4K LED Smart TVNot all TV's are Airplay compatible, making this one worth checking out. Apple Airplay compatible 3840 x 2160 resolution, 4 times the clarity of Full HD Fire TV onboard, unlimited streaming apps Game Accelerator 120 with up to 120 Hz VRR for responsive gameplay Was $446.84, now $339.99 Hisense 65-Inch Class QD7 Series QLED 4K UHDOver a billion shades of color for a vibrant and lifelike viewing experience. 4K AI upscaling 144Hz refresh rate, AMD FreeSync Premium Pro, and Auto Low Latency Mode for gaming mode. Dolby Atmos and Dolby Vision Google Smart TV onboard, Alexa combability Was $572.63, discounted to $399.99 The best deals on TVs Over 70 inchesThese gigantic televisions didn't exist only a few years ago, but with resolutions always increasing, the additional inches of television create a cinema experience in your home. TCL 85-Inch Q65 QLED 4K UHD Smart TV with Google TV $798.00 at Amazon /images/amazon-prime.svg $1,297.99 Save $499.99 Shop Now Shop Now $798.00 at Amazon /images/amazon-prime.svg $1,297.99 Save $499.99 Sony 85 Inch 4K Ultra HD TV X77L Series $998.00 at Amazon /images/amazon-prime.svg $1,498.00 Save $500.00 Shop Now Shop Now $998.00 at Amazon /images/amazon-prime.svg $1,498.00 Save $500.00 Hisense - 100" Class U8 Series Mini-LED 4K UHD QLED Google TV (2023) $2,997.99 at Amazon /images/amazon-prime.svg $3,998.00 Save $1,000.01 Shop Now Shop Now $2,997.99 at Amazon /images/amazon-prime.svg $3,998.00 Save $1,000.01 SEE 0 MORE TCL 85-Inch Q65 QLED 4K UHD Smart TV with Google TV3840 x 2160 resolution Built-in stereo speakers and a subwoofer Smooth gaming-120Hz refresh rate and Motion Rate 480 technology, as well as dedicated gaming features like Auto Game Mode and Game Accelerator 240 for responsive gameplay Was $1297.99, now $798.00 Sony 85 Inch 4K Ultra HD TV X77L SeriesGoogle TV on board, compatible with Apple Airply 3840 x 2160 resolution 4K Processor X1 upscaling content Auto HDR Tone Mapping and Auto Genre Picture Mode for enhanced visuals and performance Was $1498.00, now $998.00 Hisense 100-Inch Class U8 Series Mini-LED ULED 4K UHD4K ULED, mini LED and full array local dimming Over a billion colors 144Hz refresh rate Dolby Vision IQ & Dolby Atmos 5 speakers including rear ‘overhead’ speakers and a built-in subwoofer 144HZ gaming mode for uninterrupted play Voice control, no remote needed Was $3998.00, discounted to $2,997.99 View the full article

A new Lenovo-commissioned study conducted by IDC reveals that global organizations are significantly increasing AI investments, but concerns over return on investment (ROI) remain a primary barrier to broader adoption. The 2025 CIO Playbook: It’s Time for AI-nomics reports that AI spending is expected to nearly triple in 2025 compared to last year, yet business leaders remain divided on its long-term value. Key Findings: AI Investment and ROI Challenges While AI adoption is accelerating, financial risk and uncertain ROI remain the most cited obstacles. The study found that 37% of management remains skeptical or has reservations about AI’s impact, despite 90% of IT professionals stating that AI has met their expectations. Organizations are increasing their AI budgets, with AI expected to account for 20% of tech spending in 2025. Generative AI (GenAI) adoption is also projected to expand, growing from 11% to 42% within the next year, with the highest application levels expected in IT operations, software development, and marketing. Organizational Readiness and Ethical Concerns Beyond financial uncertainty, organizations face readiness challenges in AI implementation. More than half of businesses lack an AI Governance, Risk, and Compliance (GRC) policy, even as ethical concerns around AI and machine learning persist. To fully leverage AI, organizations must upskill employees, modernize IT systems, and establish ethical frameworks to navigate responsible AI use. Data Quality and AI Failures The study highlights data quality as a critical success factor for AI implementation. Data sovereignty, compliance, and accessibility were identified as essential components, while poor data quality, high IT costs, and integration challenges were the leading causes of AI failures. To mitigate these issues, 33% of organizations plan to develop data management capabilities within the next year. The Role of AI Partnerships The report finds that lack of skilled expertise is the top reason organizations hesitate to invest in AI, emphasizing the need for strategic partnerships. Businesses recognize that working with AI-capable partners is key to successful AI deployment. “To harness AI’s transformative power, organizations need a data-driven strategy that ensures scalability, interoperability, and tangible business outcomes,” said Ashley Gorakhpurwalla, President, Infrastructure Solutions Group, Lenovo. “At Lenovo, we believe a hybrid approach to AI—seamlessly integrating and enabling private and public models—is essential for delivering scalable solutions, driving measurable impact, and accelerating AI-powered business transformation.” AI’s Future: Strategic Investment with Measured Optimism Despite aggressive AI investment plans, Lenovo’s study suggests that businesses remain cautious about AI’s long-term financial returns. As organizations work to address ROI concerns, data quality issues, and workforce readiness, AI adoption will depend on demonstrating measurable business value. Lenovo’s findings underscore the need for a balanced approach to AI investments, ensuring both technological innovation and financial viability. Image: Envato This article, "Lenovo Study Finds ROI Concerns Remain Key Barrier to AI Adoption Despite Increased Investment" was first published on Small Business Trends View the full article

A new Lenovo-commissioned study conducted by IDC reveals that global organizations are significantly increasing AI investments, but concerns over return on investment (ROI) remain a primary barrier to broader adoption. The 2025 CIO Playbook: It’s Time for AI-nomics reports that AI spending is expected to nearly triple in 2025 compared to last year, yet business leaders remain divided on its long-term value. Key Findings: AI Investment and ROI Challenges While AI adoption is accelerating, financial risk and uncertain ROI remain the most cited obstacles. The study found that 37% of management remains skeptical or has reservations about AI’s impact, despite 90% of IT professionals stating that AI has met their expectations. Organizations are increasing their AI budgets, with AI expected to account for 20% of tech spending in 2025. Generative AI (GenAI) adoption is also projected to expand, growing from 11% to 42% within the next year, with the highest application levels expected in IT operations, software development, and marketing. Organizational Readiness and Ethical Concerns Beyond financial uncertainty, organizations face readiness challenges in AI implementation. More than half of businesses lack an AI Governance, Risk, and Compliance (GRC) policy, even as ethical concerns around AI and machine learning persist. To fully leverage AI, organizations must upskill employees, modernize IT systems, and establish ethical frameworks to navigate responsible AI use. “AI is a marathon and a sprint—requiring parallel efforts to move quickly to modernize systems while ensuring the future-proofing of tech stacks,” said Ken Wong, President, Solutions & Services Group, Lenovo. “Our research shows organizations need to simplify the design, deployment, and integration of AI solutions to demonstrate the impact of these investments. This will instill greater confidence and fuel future investments.” Data Quality and AI Failures The study highlights data quality as a critical success factor for AI implementation. Data sovereignty, compliance, and accessibility were identified as essential components, while poor data quality, high IT costs, and integration challenges were the leading causes of AI failures. To mitigate these issues, 33% of organizations plan to develop data management capabilities within the next year. The Role of AI Partnerships The report finds that lack of skilled expertise is the top reason organizations hesitate to invest in AI, emphasizing the need for strategic partnerships. Businesses recognize that working with AI-capable partners is key to successful AI deployment. “To harness AI’s transformative power, organizations need a data-driven strategy that ensures scalability, interoperability, and tangible business outcomes,” said Ashley Gorakhpurwalla, President, Infrastructure Solutions Group, Lenovo. “At Lenovo, we believe a hybrid approach to AI—seamlessly integrating and enabling private and public models—is essential for delivering scalable solutions, driving measurable impact, and accelerating AI-powered business transformation.” AI’s Future: Strategic Investment with Measured Optimism Despite aggressive AI investment plans, Lenovo’s study suggests that businesses remain cautious about AI’s long-term financial returns. As organizations work to address ROI concerns, data quality issues, and workforce readiness, AI adoption will depend on demonstrating measurable business value. Lenovo’s findings underscore the need for a balanced approach to AI investments, ensuring both technological innovation and financial viability. Image: Envato This article, "Lenovo Study Finds ROI Concerns Remain Key Barrier to AI Adoption Despite Increased Investment" was first published on Small Business Trends View the full article

Many of America’s top figure skaters will gather in Washington, D.C., for a live “Legacy on Ice” tribute show to support families impacted by the January 29 plane crash that killed young skaters returning home from a training camp. Cohosted by Olympic champion Brian Boitano, the March 2 event at Capital One Arena will feature current U.S. champions Ilia Malinin, Amber Glenn, Alysa Liu, Madison Chock and Evan Bates, plus retired U.S. gold medallists Tara Lipinski, Kristi Yamaguchi, Scott Hamilton and Johnny Weir. “As we begin to heal from this devastating loss, we look forward to honouring the enduring memories of these athletes, coaches and family members who represented the best of the figure skating community,” U.S. Figure Skating interim CEO Samuel Auxier said in a statement. “We can think of no better way of celebrating their legacies than through the sport they loved.” All proceeds will be collected by the Monumental Sports & Entertainment Foundation and distributed equally between the U.S. Figure Skating Family Support Fund, Greater Washington Community Foundation’s “DCA Together Relief Fund” and DC Fire & EMS Foundation. There were 64 people on board the commercial flight that crashed after colliding with a U.S. Army Black Hawk helicopter, including many young Olympic hopefuls. U.S. Figure Skating said a total of 28 people on the plane were connected to the sport, including coaches, athletes and their relatives. World figure skating champions and coaching pair Evgenia Shishkova and Vadim Naumov were among the passengers killed. —Lori Ewing, Reuters View the full article

We may earn a commission from links on this page. Cleaning can be overwhelming to everyone at some point—and creating a habit or schedule you'll actually stick to can be a big part of the problem. As is this case with other tasks like decluttering and organizing, though, one way to break through the procrastination is by finding the method that works best for you. Here are five of my favorites for you to try. The FlyLady technique, for stress-free cleaningThe FlyLady cleaning method, popularized by organizational guru Marla Cilley, is all about getting into a soothing, easy cleaning routine that won't stress you out. To tap into the usefulness of this method, break your home into "zones," then dedicate 15 minutes per day to the zone you're currently working on. Yes, this takes time and won't work immediately, but as Cilley puts it, "It didn't get dirty in a day, and it's not going to get clean overnight." Here's how the zones are broken up: Zone 1 is your entryway, front porch, and dining room. You complete this zone in the first week of the month. Zone 2 is the kitchen, which is done during the first full week of the month, meaning the first week in which there are seven full days. Zone 3 is the main bathroom plus another room in your house, such as an office or pantry. This happens during the second full week of the month. Zone 4 is the primary bedroom and its closets and bathroom during the third full week. Zone 5 is the living room, but because it is not a full week, it may overlap with Zone 1. It's likely that your living room is near your entryway, which helps make this seamless as you start incorporating Zone 1 back into your schedule at the end of the five weeks. Obviously, if your home is laid out differently or you have your own unique concerns, play with the zones to fit your needs but try to dedicate a week to each one and follow the same schedule every month. The one-hour method, for when you have a big messLargely, I am a proponent of cleaning in small chunks of time over the course of days or weeks. In most cases, 15 minutes per day is all you need to make an impact on your home's cleanliness over time. In fact, once you get into the habit of doing it like that, the house stays cleaner and requires less work, creating a self-reinforcing cycle of smaller cleaning bursts. Before you get to that point, though, you might have a major mess or two at hand and when that happens, you might need longer, which is why CleanTok influencer @MommyHasntShowered suggests the "one-hour" rule. It's what it sounds like: You clean for an uninterrupted hour, focusing only on tidying up, and then stop when the hour is done, rewarding yourself with something you enjoy, like ice cream or a favorite show. Using this one is subjective and probably depends on how urgent the situation is. If you have someone coming over or the mess is so large that it's taking a toll on your mental health, you may need to pull out this longer work session. If the mess is big but you'd rather tackle it bit by bit, this one's not for you! Bear in mind, though, that while going at a slower pace over days or weeks can be good for not feeling overwhelmed, getting a lot done in one go can be good for motivation. There are mental and emotional benefits to every approach. The trick is figuring out which one you want to tap into. The 20/10 approach, for when you're not motivatedThe 20/10 approach combines elements of my beloved daily short-burst schedule and the one-hour method. It comes from Rachel Hoffman’s 2017 book, Unf*ck Your Habitat: You’re Better Than Your Mess and simply asks you to clean for 20 minutes, then take a 10-minute break. It's reminiscent of the Pomodoro productivity technique, which encourages you to work for 25 minutes, then break for five, then get back at it—but here, you have less work time and more chill time. Once your 10 minutes are up, get back into the game, cleaning even more for another 20. Only do this two to four times, though, because again, we don't want to get overwhelmed. What I find most useful is taking the 10-minute break in the spot I just cleaned, so I can really revel in my outcome. If I cleaned my living room, I'm going take that break on the couch, enjoying my tidy surroundings. If I cleaned the kitchen, I'm gonna eat a snack over the counter, where everything is clean and clutter-free. Remember that you're not just cleaning to clean, but rather for some kind of benefit, which is more often than not just the freedom to enjoy a tidier, brighter space. The one-tool method, for when you need some structureIf you really don't know where to begin as you look to clean up for the day, try the one-tool method. This approach relies on some of the classic cleaning advice I love (like not trying to do everything at once) but turns it slightly on its head: Where you'd usually tackle one zone at a time, moving from area to area over the course of a few days, try tackling one task at at time. When using the "one tool" framework, you will be breaking one of my cardinal rules, which is not jumping from room to room during one day's scheduled cleaning time, but you'll be unlocking a completely new kind of efficiency by not having to get the same tools out day after day. Do this every few weeks to shake things up and you're less likely to get bored. So, on your first day, maybe you dust. On your second, maybe you vacuum. On your third, maybe you mop. You get the idea. Pick one tool or task and hit each room in your home. Junebugging, for when you can't focusSometimes, you know what needs to be cleaned, but you just can't focus on it. Tap into that and go with a method that enables you to mindlessly attack the problem without thinking too hard. The right approach here is the junebug method. There's a chance you've seen this demonstrated or at least mentioned on CleanTok, but the earliest reference to the idea actually came around on Tumblr, where a user explained that to clean up despite their ADHD, they imagined they were like a junebug: "Have you ever seen a junebug get to grips with a window screen? It’s remarkably persistent, but not very focused. All that matters is location." Here, you'll embody that, identifying the area you want to clean, then focusing in on one specific spot. So, if the kitchen needs tidying, focus on the sink. You might wash the dishes in it, put them away, then get distracted as you notice a cupboard needs to be wiped down. After you wipe down the cupboard, remind yourself that you're supposed to be at the sink; go back to it to scour it or give the faucet a wipe down. While you're doing that, you might notice you could also wipe down the handles and pulls on the drawers, fridge, and oven. Go do that, but always return to the starting point. This practice kind of lulls you into an easy routine. As long as you keep going back to the first spot and branching out, you'll move in simple circles and let what would normally distract you actually be your guide. View the full article

Not all apps are safe. It's why I always recommend downloading apps from official app stores, like the iOS App Store and Google Play Store, rather than a random website: Apple and Google both have policies to scan for malware and stop them before reaching app stores. But neither company is perfect, and apps infected with malware end up on official app marketplaces more often that we'd like to think. These apps usually pop up on the Play Store more than the App Store given that Apple is extremely strict, but that doesn't mean the App Store is impervious to malware—it definitely happens, and we've covered it before. In fact, researchers just found a batch of apps containing malicious programs on both Apple's and Google's platforms. And it's the first time this specific type of the malware was found on the iOS App Store. What is SparkCat?Researchers at Kaspersky discovered apps on both Google's Play Store and Apple's App Store that contained malicious frameworks, specifically designed to steal crypto wallet recovery phrases—a series of words used to access cryptocurrency in digital wallets. Researchers call this malware "SparkCat," and they believe it has been circulating since March 2024. If you downloaded one of these apps on either iOS or Android, the app would likely ask permission to access your photo library, then the malicious framework would launch an optical character recognition (OCR) plug-in to scan and identify text in your images. If the program found text that matched certain keywords, it would then send those images to a remote server. The idea here is to scan your library looking for screenshots that reveal the recovery phrases in your crypto wallet and send them back to the thieves who could then use those phrases to break in and steal from accounts. One of the first apps to arouse suspicious of Kaspersky researchers was a Chinese food delivery app called ComeCome. It's still available on both iOS and Android, and is the first known app infected with OCR malware to appear on Apple's App Store, according to Kaspersky. A negative review all the way from 2023 suggests the app has been using malware to steal information, but it's not clear the app has been using this specific OCR tactic the whole time. Kaspersky discovered other apps with a similar malicious framework as well. It's important to note researchers can't say whether the malware was placed in these apps by a malicious actor or the app developers embedded it themselves. That said, it appears some apps were designed to attract users without offering legitimate services in return—such as multiple AI messaging services from the same developer. Specifically, that's WeTink and AnyGPT, which are both still live at the time of writing. Where to go from hereFirst of all, if you have any of these affected apps installed on your iPhone or Android, delete them now. Even if the developers didn't add the malicious framework intentionally (which can happen if a third-party hijacks the app), they aren't safe to keep on your device. After that, take a moment to clean out your iPhone or Android's images folder. If you have images containing recovery phrases for your crypto wallet, be sure to delete those, but also consider deleting images that contain any sensitive information in the first place. Other malware strains may take advantage of this OCR tactic to look for social security numbers or bank account information, for example, so it's best to eliminate that risk altogether. Finally, exercise caution when downloading new apps, even when doing so through official app stores. Be sure to review all aspects of an app's page before installing it, including the reviews, description, and screenshots. If anything seems off, it's probably best to avoid downloading it. And avoid generic AI apps like the plague. Developers know there's a high demand for AI apps, which means malicious users can slyly add malware to apps in the hope that an AI fan downloads their latest scheme. Don't fall for it. View the full article

Amazon is set to release its long-awaited—and delayed—Alexa generative artificial intelligence voice service, said three people familiar with the matter, and has scheduled a press event for later this month to preview it. Once released, it would mark the most significant upgrade to the product since its initial introduction accelerated a wave of digital assistants more than a decade ago. Amazon on Wednesday sent press invites to an event to be held on February 26 in New York featuring the head of its devices and services team, Panos Panay. A spokesperson said the event is Alexa-focused, while declining to elaborate. The new generative AI-powered Alexa represents at once a huge opportunity for Amazon, which counts more than half a billion Alexa-enabled devices in the market, and a tremendous risk. Amazon is hoping the revamp, designed to be able to converse with users, can convert some of its hundreds of millions of users into paying customers in an effort to generate a return for the unprofitable business. The AI service will be able to respond to multiple prompts in sequence and, company executives have said, even act as an “agent” on behalf of users by taking actions for them without their direct involvement. That contrasts with the current iteration, which generally handles only a single request at a time. Executives have scheduled a meeting, known as a “Go/No-go,” for February 14. There they will make a final decision on the “street readiness” of Alexa’s generative AI revamp, according to the people and an internal planning document seen by Reuters. Alexa’s revamp carries with it all the challenges inherent in now-familiar generative AI chatbots from OpenAI, Alphabet and others including the possibility of fabricated answers, known as hallucinations. With access to Alexa available in cars, televisions, thermostats and mobile phones, it could become an essential daily tool for scheduling and even shopping. Initially, Amazon plans to roll out the new Alexa service to a limited number of users and will not charge for it, the people said, though it has considered a $5 to $10 monthly fee. The company will also continue to offer what it is calling “Classic Alexa,” the version broadly available today for free. One of the people said Amazon has discontinued adding new offerings to Classic Alexa. Bezos’ vision While Apple’s Siri voice assistant preceded Alexa’s 2014 release by three years, the Amazon service supercharged the acceptance of voice assistants. But for many people, Alexa is now used for little more than kitchen timers and weather updates due to its lack of significant overhauls in the last few years. Alexa is the brainchild of Amazon founder Jeff Bezos, who envisioned a service that would resemble the voice-activated computers on TV’s “Star Trek.” The hope was that once perfected, users would turn to the voice assistant for hundreds of everyday tasks like turning on lights, preheating the oven, accessing the internet, playing music, writing emails and summoning taxis. “Someday in the future – that might be years or decades away – it could answer everything that you would ever ask it,” Amazon’s then chief of devices, Dave Limp, said nearly a decade ago. With those weighty expectations, the move to upgrade Alexa has suffered delays over concerns around the quality and speed of its responses, people familiar with the matter have told Reuters. Amazon dubbed the new service “Banyan” internally, as well as “Remarkable Alexa,” though it was not immediately clear if the Seattle company planned on using either as a new product name. In a January Financial Times interview, Amazon executive Rohit Prasad acknowledged some of the obstacles in developing what is effectively an entirely new service, including the work to eliminate hallucinations. Analysts at Bank of America estimate Amazon could generate $600 million annually if 10% of active users, which it estimates at around 100 million devices, pay $5 per month for the service. —Greg Bensinger, Reuters View the full article

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Mortgage companies under scrutiny could see a reprieve, while the status of functions like behind-the-scenes guidance inquiries is uncertain, experts say. View the full article

Completed foreclosure auctions should be 8% lower this year, but if home value and unemployment expectations change, all bets are off, Auction.com said. View the full article

Buy Now, Pay Later (BNPL) loans have become increasingly popular in recent years—originations grew tenfold between 2019 and 2021, for instance. Last year, roughly 20% of American consumers used one to make a purchase. Despite their increasing usage, BNPL loans are still not used to calculate credit scores—which may have effects for lenders, and could be costing some consumers with good credit habits some valuable points. FICO—the creator of the FICO Score which is used by 90% of U.S.-based lending institutions to make lending decisions—recently published an analysis in tandem with the BNPL company Affirm to get a sense of what the results would be if those loans were used to calculate FICO scores. The results? Mostly good for both consumers and lenders. The analysis looked at data from a 12-month period and compared the FICO scores of more than 500,000 people who used Affirm to open a BNPL loan against those who had not. FICO then simulated the inclusion of the BNPL data into its model and found that most people saw an increase or no change in their credit scores. “Affirm gave us data that would be the same data they would furnish to a credit bureau,” says Julie May, vice president and general manager of B2B scores at FICO. “With the simulated study, we would see positive benefits for approximately two-thirds of consumers, particularly for those with utilization of five or more BNPL loans,” she says. In all, incorporating BNPL loan data into credit scoring models would “benefit consumers, and the lenders who use the FICO score to make lending decisions,” she says. In all, the analysis found that using the BNPL data to generate a FICO score was “generally consistent with the opening of a new account,” with a slight (plus or minus 10 points) change in their score for 85% of the individuals analyzed. For those who have better credit habits—such as making on-time payments, and keeping their overall credit utilization low—the BNPL data helps increase scores to a degree. With the simulation complete, May says that FICO will be looking to roll out a new FICO scoring model in the future that will incorporate BNPL data, effectively the first model to do so. “We know what the actual solution would be; we’re in final discussions with stakeholders in terms of how that would roll out,” she says. There’s no hard date yet, but May adds that when it does ultimately happen, FICO is excited to “introduce the proprietary technique to the marketplace.” View the full article

We may earn a commission from links on this page. If you tend to get overwhelmed by the prospect of cleaning your house, here’s some good news: One of the best cleaning methods out there is designed for people like you. Called the 20/10 rule, it’s been around for a few years, but has really withstood the test of time because of its simplicity and how effective it is. What is the 20/10 method of cleaning?The 20/10 method comes from Rachel Hoffman’s 2017 book, Unf*ck Your Habitat: You’re Better Than Your Mess. The title is at once bracing and comforting, just what you need as motivation to clean your place and keep it clean. While the book goes into a lot of detail about all the methods you can use to do that, like taking progress pictures and tidying up spaces in a certain order, its first tip—the 20/10 method—is key here. At its most basic, the method calls for you to spend 20 minutes cleaning and 10 minutes chilling. That’s it, essentially. It’s similar to other productivity techniques, like the Pomodoro method, but gives you less work time and more break time than those do. For maximum efficiency, devote each 20-minute block to a certain surface or area, like a messy desk or a pile of laundry. Chunk by chunk, the task will get done. What makes 20/10 one of the best cleaning methodsThe importance of taking breaks in between bursts of hard work is well-documented. If you work too much, too hard, for too long, you’ll burn out and give up. When you’re using a work-and-rest technique to study or work, you have to think deeply during your “on” times; cleaning, on the other hand, can be slightly more mindless, which is a good thing. You don’t need 25 minutes, as the Pomodoro technique calls for, but you should devote 20. The breaks are super important, so don’t skimp on them. Try to use them to enjoy the space you just cleaned. If you cleaned a desk, sit at it for your 10 minutes, relishing the experience of using it while it’s tidy. If you folded all the laundry piled on a chair, you should sit in that chair, by God. Giving yourself a full 10 minutes to relax and enjoy the fruits of your labor gives you immediate gratification and time to recharge before getting back at it. How to adapt this method to fit your needsIf you want to try out the 20/10 method, I recommend slotting it into your cleaning schedule for a week or two, but keep track of how it goes. Take notes on whether you feel rested enough after the 10 minutes of break time, or whether you find it hard to sink into a groove in just 20 minutes of effort. After all, these are just guidelines, not rules set in stone. Even the vaunted Pomodoro method has seen adaptations like "animedoro" crop up that make it work better for some people. Feel free to tinker with the 10/20 timing to suit your own needs, provided you are still prioritizing that all-important break. View the full article

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We may earn a commission from links on this page. Once mold starts taking over your bathroom, it’s not easy to get rid of. If the growth is alarming, paying to have it cleaned can cost hundreds of dollars, but it’s often worth it because getting rid of mold can be challenging (and exhausting). Your best move is to prevent mold from taking root in the first place, which usually involves reducing dampness and being vigilant with cleaning. A better approach might be to design a mold-free bathroom from the get-go. If you’re considering renovating your bathroom, you can choose materials and make design decisions that will make it a lot harder for mold to take up residence. Go groutlessMold loves grout because it’s porous and absorbs moisture—and its porous nature means mold can penetrate under its surface, which makes it even harder to clean. The more grout you have, the more potential breeding ground you have, so consider eliminating it: Wall panels. Acrylic wall panels are continuous sheets, meaning there are no grout lines to deal with. You can purchase panels that mimic the look of tile, but they come in a wide range of colors and designs, giving you a lot of design flexibility without the grout—or the potential for mold. Vinyl or laminate flooring. Kkip the grout on your floor by avoiding traditional tile and opting for vinyl planks or laminate. Similar to the wall panels, you can find vinyl flooring that resembles tile or stone so you can get the look you want. Shower pan. Instead of a tiled or stone shower floor, installing an acrylic shower pan eliminates all that grout and makes it a lot easier to clean and a lot harder for mold to take root. Go freestandingMold and mildew loves to colonize caulk, which can get so unsightly as a result that you wind up just tearing it out and re-caulking. Anything that sits flush with or attached to your walls in a damp area has to be caulked, so you can reduce the amount of caulk (and with it, the amount of mold) by choosing freestanding items, like a freestanding tub or vanity. Go metalIf you want storage in your shower for soaps, bottles, and everything else, a traditional tiled niche is an invitation to mold, especially if the pitch isn’t quite right and water ponds in there. Opting for a metal insert instead (like this stainless steel shower niche) eliminates that problem. Go resistantPainted walls and ceilings in bathrooms are prime targets for mold and mildew because moisture condenses on those surfaces. Steam rising from the shower often results in those tell-tale brown dots on the ceiling above, and over time, even walls outside the shower area can become stained with mold. Using antimicrobial primer and paint is one key to eliminating mold from your bathroom, and it’s one thing you can do even if you’re not ready to renovate. Cleaning the walls and ceiling thoroughly, sealing them with a mold-resistant primer and painting them with a mold-resistant paint can greatly reduce the chances you’ll be scrubbing mold out of your bathroom in the near future. VentilationFinally, when transforming your bathroom, don’t forget the less exciting but crucial aspect of mold resistance: ventilation. Make sure you determine the correct size of exhaust fan necessary for the space, and consider installing a model that has a humidity sensor. Also think about other ways to boost airflow in there, like adding a window (or a larger window) or a dedicated dehumidifier. View the full article

Advanced Micro Devices (AMD) stock (NASDAQ: AMD) fell 9% before the bell on Wednesday after the company fell short on sales for its data centers, despite reporting better-than-expected fourth-quarter earnings. (The stock is down 7% as of midday Wednesday.) That’s because the chipmaker’s core business is selling data center chips for graphics processing units used to power AI. It’s currently going head-to-head with Nvidia for market share of the lucrative, high-powered AI chip market. Shares in Nvidia (NVDA), meanwhile, were up 4% in midday trading Wednesday after Google’s parent company, Alphabet, announced it will spend $75 billion in expected capital expenditures in 2025, a majority of which will go into building data centers and servers in an effort to help Google increase its AI capabilities. On Tuesday, AMD reported Q4 revenue that came in at $7.66 billion, beating estimates of $7.54 billion, and an adjusted earnings per share (EPS) of $1.09. Looking ahead to the first quarter of 2025, the chipmaker forecast revenue coming in between $6.8 billion and $7.4 billion. On its earnings call with investors, CEO Lisa T. Su told investors the company sees “strong double-digit percentage revenue and EPS growth” for 2025, calling 2024 “a transformative year for AMD . . . [when we] successfully established our multibillion-dollar data center AI franchise, launched a broad set of leadership products, and gained significant server and PC market share.” Also on Wednesday, Truist Securities analyst William Stein reduced the company’s price target to $130 a share, down from $145. At the time of this writing, AMD stock was trading at $109.58, near its 52-week low. View the full article

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