With its recent gross domestic product (GDP) reports for the first quarter of 2023, the United States presses the fears of stagflation. One of the largest economies had estimated the fear of stagflation in the early April reports for the first quarter of 2023. Still, the advance reading for the second quarter of the US economy has stopped this fear of stagflation.

Based on the data released by the Bureau of Economic Analysis, the annual GDP growth rate is expected to accelerate to 2.4 percent in the second quarter of 2023, up from 2 percent noted in the first quarter for the same economic year. This reading has gone beyond the expectations of the analysts. The gross domestic product (GDP) estimation for 2023 is based on the source data…

The United States market has witnessed a significant rise in plant-based milk compared to cow milk. Research on plant-based milk consumption in 2023 proves that in the United States, people mostly preferred plant milk for many reasons, such as healthier options and environmental impact.

Consumers are more driven towards the almond milk consumption in the United States. With the growing market of plant-based milk, consumers market is more dependent on the plant milk citing various reasons. According to the data extracted from a study, the plant-based milk industry will be USD 2 billion in 2023, up with a 6.4 percent increase compared to 2022. Based on the data from National Consumer Panel, 41 percent of the consumers bought plant-based milk…

Sustainable development is growing daily in every sector of the economy. It has not been limited to the environmental aspects only, instead, it influences each market segment and eventually contributes towards protecting the environment only. There is a significant rise in consumer preferences shifting towards more sustainable and healthy food choices in 2023.

Recent studies have proven that plant-based milk will be more environmentally sustainable in 2023. Various options come with plant-based milk, such as soy, oat, coconut, and others. These plant milks are gaining popularity due to their many health benefits. These alternatives have also helped people who follow a vegan diet and are lactose intolerant. According to the survey, cow milk…

Accenture announced to invest USD 3 billion in artificial intelligence (AI) practices in 2023 to provide new industry solutions and previously built models that will provide companies across nineteen industries to drive value and accelerate clients.

It will invest in data and artificial intelligence (AI) practices to support its customers with them in various advanced industries. Accenture will use artificial intelligence to gain growth and efficiency in the work field. According to the company, it focuses on helping customers shift from interest to action with the support of data and artificial intelligence (Data & AI) practices. This initiative of Accenture will help the company handle business cases with more responsibility. The…

The Semiconductor Industry Association (SIA) in the United States has released a statement to set up new rules and actions for the outbound investment screening in August 2023. The US has targeted China, with developments coming further on releasing this statement.

The US administration launched an executive order in August 2023, citing prohibitions and specific product and technology rules. It prohibited outbound investments in semiconductors, microelectronics, artificial intelligence fields, and others. China is identified as the country of concern in these recently released reports from the US administration, followed by Hongkong and Macao as the other two countries on the list. Thus, the order also included notification focusing on a…

The world's largest oil producer, Saudi Aramco, has released the results from the second quarter and half year of 2023. The gains have dropped by 30 percent in the initial six months of 2023. The prices of crude oil have declined due to geopolitical reasons in 2022.

The company has enabled low-cost production and high supply reliability with solid profitability. Saudi Aramco reported a total income of USD 62 billion for the first quarter of 2023. For the first quarter of 2023, the company's net income was USD 30.1 billion, and the cash flow from the operating activities made up to USD 33.6 billion. The company's CEO views its strong results reflected from its caliber and strength to blend in through the market cycles. The company continues…

Accenture and Coca-Cola Bottlers Japan joined in a new venture in August 2023. The new collaboration will initiate in January 2024 to help Coca-Cola Bottlers Japan Group's goal to set itself as a data-driven firm having back-office operations and efficient administration.

The Coca-Cola bottlers Japan firm and Accenture target to become a commercial and economical world-class bottler with profitable local business process managed services in 2023. Coca-Cola Bottlers Japan operates all these functions in the information technology (IT) sector, linked with human resources, finances, customer service, and others. Coca-Cola Bottlers' business services will shift to this joint venture in this 2023 collaboration. This new collaboration will…

The global packaging industry has been boosted by the number of orders worldwide, parcel volumes, and many other factors. The global packaging industry has recorded a 2 percent decline in patent fillings for the second quarter of 2023, thus decreasing the total patent publications by 2 percent, per the new studies.

Based on a study, the patent applications in the second quarter of 2023 were 10,777, and 10,997 in the first quarter of 2023. The filings have declined by 21 percent on a year-over-year basis, but based on quarterly records, they have decreased by 2 percent. According to the trusted sources, most of the patenting activity is in the Industrial Automation Sector, with a 15 percent decline compared to the last quarter of 2022;…

The uranium price witnessed a slight upward trend after the existing government's overthrow in July 2023 in Niger. Uranium, as a radioactive metal, is used for fuel reactors.

The experts also expect that the price may rise further, as one of the sources said that uranium spot price reached up to USD 56.25 for a pound towards the end of July 2023. The price was USD 58.15 for a pound last week of July 2023. In 2022, the fuel loaded in the European Union had an average advancement assay of 3.93 percent of the product, with 80 percent falling between 3.03 and 4.83 percent. A total of 11 327 tU of uranium was loaded into the reactors in 2022, which comprised uranium feed, savings from MOX fuel, reprocessed uranium, and other materials. All…

Meta newly launched an open-source family of artificial intelligence (AI) language models, Llama 2, in July 2023; it also contains the license for allowing integration with commercial products. With the growing era of artificial intelligence and generative AI, they play a crucial role in enhancing various opportunities for entrepreneurs, digital creators, tech individuals, and others. The economic and social development in the technological field is improving due to artificial intelligence.

The structure of Llama 2 models ranges from 7-70 billion parameters, making the model alarming in the AI world. Meta has conducted research whose outcomes claim that Llama 2 models can outperform open-source chat models mostly on every benchmark…

Defense advanced research projects agency (DARPA) under the United States government launched an AI Cyber Challenge two-year program in August 2023. The challenge invites computer scientists, developers, and others to participate in the artificial intelligence and cybersecurity-based program.

AI Cyber Challenge will be organized in collaboration with OpenAI, Microsoft, and Google, where Linux Foundation's Open-Source Security Foundation (OpenSSF) is the chief advisor. The program aims to drive innovative ideas of AI and cybersecurity to develop a new set of cybersecurity tools. According to the DARPA program, the officials want to create technology to protect the software from malware attacks. They added that artificial intelligence's…

Google is preparing to launch a scanning code that will not require the pay app to ask for camera permission while preserving the users' privacy. The Google code scanner, Application Programming Interface (API), plans to offer a complete solution, probably in 2023, for the scanning code to carry out the new feature.

The intelligent new feature from Google for Android users can make the QR code experience more efficient and swifter. According to Android analysts for developers, Google has already added a new updated feature with the ability to find the QR codes in the camera frame to zoom in and read. This new feature suggests that it will allow the devices to scan the code from a further distance and not constantly place the phone in front…

The real Gross Domestic Product of (GDP) of the United States has increased by 2.4 percent in the second quarter of 2023, as per the reports of advance estimation by the Bureau of Economic Analysis. In the United States, the average contribution of each state to the country's GDP is almost two percent in the first quarter of 2023.

Based on a survey report, California, Texas, Florida, and Pennsylvania, among the other seven states, are the most significant contributors to the United States GDP in the first quarter of 2023. California is one of the most populous, as 11.7 percent of Americans reside here, contributing 14.2 percent to the GDP in 2021. Also, California's per capita contribution is higher than other states. New York is populated…

The import and export trade of the United States is measured mainly by the volumes of goods transported into the country. Still, it is significantly less known about the country's biggest exporters. The United States has always been at the top of the list for exports and imports for every economic year. The country exported around USD 162 billion and imported USD 251 billion in April 2023.

The country's exports were mainly focused on crude petroleum, that is, USD 9.58 billion, refined oil, about USD 9.16 billion, and petroleum gas, about USD 5.44 billion, in April 2023. Simultaneously, the top imports in April 2023 in the United States were cars for USD 16.3 billion, crude petroleum for around USD 12.2 billion, and others. The country has…