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President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.Economic growth is solid, driven by healthy consumer spending. And budget deficits are huge and could get even larger. Meanwhile, businesses are borrowing more to step up their investments in data centers and artificial intelligence, leading to a greater demand for loans that can raise interest rates.And if Trump follows through on his promises to impose widespread tariffs on imports and deport millions of immigrants, economists expect inflation could worsenmaking it less likely the Federal Reserve will cut its key interest rate much this year.All of these trends will likely keep borrowing costs higher, including for homes and cars.Yet on Thursday during the World Economic Forums annual event in Davos, Switzerland, Trump said he would reduce oil prices, and then Ill demand that interest rates drop immediately, and likewise, they should be dropping all over the world.Later, in Washington, Trump told reporters that lower energy costs would reduce inflation, which would automatically bring the interest rates down. Asked if he expects the Fed to listen to him on rates, Trump said: Yeah.Yet Trump may be facing a bigger challenge than he expects. The surprising resilience of the economywhich has weathered the aftermath of the pandemic, an inflation spike, and several recession scares just in the past few yearsmay keep borrowing costs higher.Jan Hatzius, chief economist at Goldman Sachs, says the economy is in the sweet spot of healthy growth.It has expanded at an annual rate of at least 3% for four out of the last five quarters, the longest such streak in a decade. Unemployment is at a historically low 4.1%. And inflation, which soared to a four-decade high in 2022 and soured most Americans on the economy, is back down to 2.4%, according to the Feds preferred measure.Wages, which badly trailed prices in 2021 and 2022, have risen faster than inflation for the past 18 months, which provides the needed fuel for ongoing growth.A healthier economy spurs more Americans to borrow to buy cars, homes, and large appliances, and businesses to invest in IT equipment and factories. Such moves are great for the economybut more demand for loans to fund all that spending can also keep interest rates elevated.And steadier growth could keep prices higher. Companies that see healthy consumer demand may decide they can charge more, as Netflix announced it would do Tuesday after signing up a surge of subscribers.Such trends are a big change from the last time Trump entered the White House in 2017. Back then, the U.S. economy was emerging from an extended period of sluggish growth and very low inflation that followed the painful 2008-2009 Great Recession. Millions of households saved more and spent less after a borrowing binge earlier in the decade that drove up mortgage and credit card debt.Households were shrinking their balance sheets relative to their income, and thats a very significant disinflationary force that is not present now, said Julia Coronado, president of MacroPolicy Perspectives and a former Fed economist.Today, most households are carrying less debt and upper-income families in particular are benefitting from strong gains in home values and stock market wealth. About 40% of homes are now owned free and clearwithout a mortgage. Greater wealth can spur ongoing spending on travel, electronics, and dining out.In addition, high-tech firms are ramping up their investment in data centers to accelerate their work on artificial intelligence. Trump announced Tuesday a joint venture between OpenAI, Oracle, and Japans SoftBank to invest $500 billion in data centers and electricity generation to fuel AI research. Before the pandemic, many companies were stockpiling cash and werent investing as much, which can keep interest rates lower.We are in a different world, said Joe Brusuelas, chief economist at RSM, a tax advisory and consulting firm. Gone is the era of low inflation and low interest rates. In its place is a new framework featuring scarce capital and higher rates.As a result, Trumps promises to stimulate the economy through tax cuts and deregulation, while also promising to impose tariffs and immigration restrictions, could keep prices elevated.Thats going to be inflationary, and thats going to push (Fed) policymakers to adopt more stringent policies than they would otherwise, said Gregory Daco, chief economist at EY. So youre going to be in a higher interest-rate environment.Even if the Fed does reduce its key rate in the coming months, that wont necessarily reduce borrowing costs. Financial markets also affect the cost of borrowing for a home or car. Since the Fed began cutting its key rate in September, the yield on the 10-year Treasury notewhich strongly influences mortgage rateshas actually risen substantially.Gennadiy Goldberg, head of U.S. rates strategy at TD Securities, says investors are anticipating a continuation of stronger growth, in part fueled by Trumps proposals to cut taxes and reduce regulation. In that scenario, the Fed would be less likely to cut its key rate.Many investors are discounting Trumps tariff threats, hoping that he intends to use them as leverage in international talks, rather than permanently impose them.I think there was an expectation that President Trump would bring all of the good policies and leave all of the bad policies for growth at the door, Goldberg said.Another trend that Trump has helped spark is the rise of protectionist measures around the world, after two decades of globalization that lowered the prices for manufactured goods.Instead of globalization driving prices lower, or at the very least putting a constraint on them, were now relocating supply chains and protectionist barriers are going up, Brusuelas said. Nearly all economists forecast that will push prices higher, though the increase could be modest.Another shift is that stubbornly high yearly budget deficits threaten to lift interest rates as well, because Wall Street investors may require higher yields to buy all the Treasury securities needed to finance the debt.Last week, the nonpartisan Congressional Budget Office said this years deficit would likely reach $1.9 trillion, and grow to $2.7 trillion in a decade. Trumps proposals to extend his 2017 tax cuts, and implement new ones, such as eliminating taxes on tips, would raise deficits further.If we dont get fiscal deficits down, were going to see higher longer-term bond yields, said Fed governor Chris Waller earlier this month. And thats what were starting to see.Christopher Rugaber, AP Economics Writer

When I started my business nearly two decades ago, I shared the same reservations as many first-time entrepreneurs. As a natural introvert, I doubted whether I had the personality to lead a company. Fortunately, I pushed through those self-doubts and gradually discovered my leadership style. Today, however, many leaders face a new type of challenge: feeling like imposters in the age of AI.A recent Korn Ferry survey of 10,000 workers and executives found that AI contributed to 71% of CEOs and two-thirds of other senior leaders feeling imposter syndrome in their roles. With technology evolving at an ever-faster pace, the fear of falling behind is understandable. But it begs the question: Why are so many professionals adopting a wait-and-see approach to AI?In my experience, the best way to get started with AI is to carve out a bit of time for experimentation, explore new tools, and integrate them into daily workflows. As AI transforms industries, leaders cant afford to sit on the sidelines. If youre not already onboard, here are a few ways AI is helping CEOs run their companies more effectively.Transforming the decision-making processBeing a CEO requires navigating an almost constant stream of decisions. While theres an argument for leaning on intuition, data is essential for wading through todays increasingly complex world. George C. Lee, co-head of the Goldman Sachs Global Institute, advocates leveraging AI in the C-suite to enhance effective decision-making.Writing for Fast Company, Lee explained that an AI-enabled system can analyze market trends, customer reviews, and competitive dynamics. He noted that such tools could broaden the context of any discussion, introduce novel insights, and connect the dots across complex scenario analyses.While some companies are developing proprietary AI models, widely available tools like ChatGPT are a great way to get started. They can conduct research and synthesize vast amounts of data in seconds, enabling CEOs to improve the quality of their decisions and make them faster and more confidently. Then, they can dedicate more time to big-picture topics like innovation.Theres a caveat: AI tools like ChatGPT are powerful tools, but they have the unfortunate habit of occasionally hallucinatingmaking things up. Its good practice to always verify essential information before relying on it for major decisions.Streamlining operations to focus on strategic growthAs CEO of Jotform, Im always on the lookout for new automation opportunities. Integrating these tools requires an upfront time investment, but once the processes are in place, I regain that investment and more, leaving me wide swaths of time and energy to focus on strategic growth.According to an IBM survey of over 1,600 senior European executives, 82% of the business leaders reported having already deployed generative AI or intending to this year. A common motivation was the desire to improve efficiency by automating manual tasks.Leaders can use AI to automate routine tasks, such as tracking business metrics and trends. Tools like Microsoft Power BI provide centralized dashboards for real-time KPIs, while predictive analytics deliver trend updates and forecast outcomes, obviating the need to gather data manually. Or, take executive-level recruiting: CEOs can combine AI tools with personal insight to connect with talent faster. As Nancy Xu, Founder and CEO of Moonhub, said at Summer Davos this year:In a world where talent is traditionally the bottleneck for growth, I think the really exciting opportunity for AI agents is actually to compress the time scale that it takes to build ideas or companies to impact and make it possible to do that in a much more compressed time frame.As a result, CEOs can focus more on higher-level work, like ensuring their companies are continually evolving.Enhancing soft skills and boosting team moraleSoft skills have long been underrated for CEOs, overshadowed by technical skills and business acumenbut that seems to be changing. According to Deloitte research, organizations are increasingly prioritizing soft skills in the C-Suite, like communication and critical thinking.CEOs can leverage AI tools to build and enhance these skills. For example, natural language processing tools, such as Grammarly or ChatGPT, can help leaders refine their communication style and messaging to be clearer, more personalized, and more empathetic. Sentiment analysis tools, like IBM Watson or Qualtrics, can analyze employee feedback or survey responses to take the temperature on team morale. That information in hand, CEOs can pinpoint areas where additional support might be needed and keep employee morale afloat.While AI will never replace leaders or human decision-makers, it can help them work faster, more efficiently, more effectivelyand at the same time, provide more guidance and support to employees. By experimenting with AI tools and integrating them into workflows, CEOs can navigate the increasingly complex modern business world and enhance, rather than eliminate, the human touch.

This week on Dezeen, US presidentDonald Trump issued the Promoting Beautiful Federal Civic Architecture executive order.One of a flurry of executive orders issued by Trump on his first day in office, the presidential action aimed to promote the use of "traditional and classical" architecture for civic buildings. The executive order restarted a policy that was first introduced in his first term as president.The executive order was denounced by theAmerican Institute of Architects (AIA), which said that it would "stifle innovation"."AIA is extremely concerned about any revisions that remove control from local communities; mandate official federal design preferences, or otherwise hinder design freedom; and add bureaucratic hurdles for federal buildings," said the AIA.A Richard Neutra house was lost in the LA wildfireAlso in the US, several more significant houses were confirmed lost as the toll of the LA fires became clearer.A pair of houses by modernist architect Richard Neutra along with a house by local architect Eric Owen Moss were confirmed lost in the deadly wildfires.We rounded up the projects set to complete in the US this yearThis week we looked forward to the upcoming buildings that are set to complete in the USA this year. Projects by Foster + Partners,BIG,Studio GangandOMA are set to open in 2025, including a New York supertall skyscraperand a mass-timber campus at Harvard.In Austin, Gensler completed the Sixth and Guadalupe skyscraper, which at 264-metres-high is now the tallest building in the city.China is planning to send a wast solar array into space In other news, we reported on China's plans to launch a one-kilometre-wide solar farm into space.Described as a "Three Gorges Dam project above the Earth", in reference to the country's giant hydroelectric facility, the solar farm would continuously harvest renewable energy for Earth.Shigeru Ban's Cardboard Cathedral was the most significant building of 2013This week, we also continued our 21st-Century Architecture: 25 Years 25 Buildings series, by looking at the most significant buildings from 2012 to 2018.These included the Cardboard Cathedral by Shigeru Ban (pictured), Apple Park by Foster + Partners and Amager Bakke by BIG.An artist's residency in northern Italy was one of this week's most popular projectsPopular projects on Dezeen this week include a minimalist artist's residency in northern Italy, a "modernist extension" to a house in Edinburgh and a mass-timber headquarters building for Walmart.Our latest lookbooks focused on kitchens that incorporate bold splashes of blue and self-designed studios that create calm working environments.This week on DezeenThis week on Dezeenis our regular roundup of the week's top news stories.Subscribe to our newslettersto be sure you don't miss anything.The post This week Trump signed an executive order promoting "traditional and classical" architecture appeared first on Dezeen.

The HP OmniBook Ultra Flip 14 takes the Spectre line of 2-in-1 laptops into an AI-powered future

Apple's latest M4 Pro MacBook Pro 14-inch has fallen to $1,749 thanks to a bonus on-page coupon at Amazon.Get an M4 Pro MacBook Pro for $1,749 this weekend.Amazon's $250 price cut on the standard M4 Pro MacBook Pro 14-inch delivers the lowest online price available, according to our 14-inch MacBook Pro M4 Pro Price Guide.Buy for $1,749 Continue Reading on AppleInsider | Discuss on our Forums

DOOM: The Dark Agesstole the show with its recent gameplay blowout, and with Bethesda and Microsoft having confirmed a May release, we dont have to wait too long to get our hands on it. When it does launch, the shooter will be available for PS5, Xbox Series X/S, and PC- though those arent the only platforms its in development for, it seems.Prominent Xbox leaker extas1s has claimed in a recently uploaded video thatDOOM: The Dark Agesis also in development for the Nintendo Switch 2.DOOM (2016)andDOOM Eternalboth eventually did release for the Nintendo Switch, so this shouldnt come as a massive surprise, though it remains to be seen exactly whenThe Dark Ageswill release for the upcoming console.As per the leaker, the reason Bethesda and Microsoft havent yet announced the game for the Switch 2 yet is because, as you may have guessed, the announcement is being held back by Nintendo. Allegedly, all third-party titles coming to Switch 2 arent being allowed to officially step into the limelight just yet. Whether that means we can expect aDOOMannouncement at the Switch 2 Direct in April is the big question now.DOOM: The Dark Agesis coming to Xbox Series X/S, PS5, and PC on May 15. Check out its PC requirements through here.https://youtu.be/vOaIhERIDbw

The Elder Scrolls 4: Oblivionsremake may not have appeared at the recent Xbox Developer_Direct the way many had hoped it will, but regardless, its seemingly still not too far away.Thats as per journalist Tom Warren, who has claimed in his The Verge newsletter that the open world action RPG remake is targeting a release sometime in late Spring or early Summer, based on what hes been told.Rumours first emerged in 2023 that Bethesdas acclaimed 2006 RPG was being remade in collaboration with Virtuos. Allegedly, the project is using a combination of the original titles engine and Unreal Engine 5. A recent report claimed that the remake will feature several gameplay enhancements, with reworks for blocking, stamina mechanics, archery, sneaking mechanics, and more.Earlier this month, a Virtuos employees LinkedIn project made mention of an unannounced Unreal Engine 5 remake, further adding fuel to the rumours surrounding theOblivionremake. Read more on that through here.

Artificial intelligence models have advanced significantly in recent years, particularly in tasks requiring reasoning, such as mathematics, programming, and scientific problem-solving. However, these advancements come with challenges: computational inefficiency and a tendency to overthink. Overthinking in AI occurs when models engage in overly lengthy reasoning, leading to increased inference costs and slower response times without substantial gains in accuracy. This issue becomes especially problematic in tasks involving complex, multi-step reasoning, where large-scale models often produce verbose outputs. As demand for efficient AI systems grows, addressing these inefficiencies has become a critical focus for researchers.Inference costs present another challenge, especially for organizations relying on large models. The high computational expense limits accessibility and broader adoption, creating barriers for smaller research groups and developers. Furthermore, the lack of open access to robust AI models and training resources compounds these issues, hindering innovation and collaboration. A solution requires balancing computational efficiency, accuracy, and accessibility.Introducing Sky-T1-32B-Flash by NovaSky LabNovaSky Lab, a research initiative from UC Berkeley, has introduced Sky-T1-32B-Flash, a reasoning language model designed to address these challenges. This is a 32B reasoning model, preference-optimized on top of Sky-T1-32B-Preview. The models performance is on par with the o1-preview model in both mathematics and coding tasks, while reducing generation lengths by up to 57% compared to Sky-T1-32B-Preview.Sky-T1-32B-Flash reduces overthinking, cutting inference costs on complex reasoning tasks by up to 57% while maintaining accuracy. The model performs consistently across diverse domains, including mathematics, coding, science, and general knowledge.A notable feature of Sky-T1-32B-Flash is its cost efficiency. Training the model costs approximately $275 using 8 NVIDIA H100 GPUs, based on Lambda Cloud pricing, making it one of the most economical large models to date. In addition, NovaSky Lab has prioritized transparency by open-sourcing the entire development pipeline. This includes data generation and pre-processing workflows, preference optimization methods, evaluation scripts, and the release of model weights and datasets. These efforts enable researchers to reproduce results, experiment with improvements, and contribute to the models evolution.Sky-T1-32B-Flash is more than a new entry in the field of language models; it represents a deliberate effort to address inefficiencies and make advanced AI research more accessible. By reducing computational demands and fostering collaboration, NovaSky Lab aims to push the boundaries of cost-effective AI development.Technical Innovations and BenefitsSky-T1-32B-Flashs ability to reduce overthinking stems from its optimized design and advanced preference optimization techniques. These methods guide the model toward concise, high-quality outputs, eliminating unnecessary computation while maintaining performance on complex tasks.The model also benefits from efficient data generation and pre-processing workflows. These workflows ensure high-quality datasets that enhance reasoning capabilities across various domains. In addition, the evaluation framework used for Sky-T1-32B-Flash provides reliable benchmarks, enabling consistent performance assessments.One of the standout aspects of Sky-T1-32B-Flash is its scalability and affordability. Requiring just $275 for training on 8 NVIDIA H100 GPUs, the model demonstrates that cutting-edge research need not be financially restrictive. This accessibility paves the way for smaller organizations and academic institutions to conduct meaningful AI research without extensive computational resources.Results and InsightsSky-T1-32B-Flash delivers impressive results. By reducing inference costs by up to 57%, it achieves significant computational efficiency without compromising performance. The models accuracy remains high across tasks in mathematics, science, and coding, striking a critical balance between efficiency and reliability.The open-source nature of Sky-T1-32B-Flash further amplifies its utility. Researchers and developers gain access to a comprehensive pipeline, from data generation to evaluation, allowing them to replicate results and explore potential improvements. The availability of model weights and datasets encourages the broader AI community to build on this foundation and tackle new challenges.Evaluation insights highlight the models ability to handle diverse and complex reasoning tasks effectively. For example, in fields like mathematics and coding, where precision and logical consistency are crucial, Sky-T1-32B-Flash consistently delivers concise and accurate outputs. This reliability positions the model as a valuable tool for both academic research and industry applications.ConclusionSky-T1-32B-Flash addresses key challenges in AI development, including overthinking and high inference costs, setting a new standard for efficiency and accessibility. Its ability to reduce computational waste while maintaining accuracy across various domains makes it a practical and impactful tool for real-world applications.The open-sourcing of the entire development pipeline marks a pivotal step toward democratizing AI research. By sharing methodologies, model weights, and datasets, NovaSky Lab fosters a culture of collaboration and transparency, encouraging innovation across the AI community. Sky-T1-32B-Flash is not merely a model but a comprehensive framework for building efficient, high-performing AI systems.Check out Twitter and join ourTelegram Channel andLinkedIn Group. Dont Forget to join our70k+ ML SubReddit. Asif RazzaqAsif Razzaq is the CEO of Marktechpost Media Inc.. As a visionary entrepreneur and engineer, Asif is committed to harnessing the potential of Artificial Intelligence for social good. His most recent endeavor is the launch of an Artificial Intelligence Media Platform, Marktechpost, which stands out for its in-depth coverage of machine learning and deep learning news that is both technically sound and easily understandable by a wide audience. The platform boasts of over 2 million monthly views, illustrating its popularity among audiences. 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