Alabama has committed $537 million in federal funds for high-speed internet under plans state lawmakers and Governor Kay Ivey (R-AL) approved during a special session. About one-fifth of addresses in Alabama lack access to high-speed internet, and about three-fourths do not have access to the speed officials consider the standard for the next decade.
Charter Communications is flexing some muscle in Maine in the face of growing fiber coverage from the likes of Consolidated Communications. Charter plans to invest a total $82 million over the coming years and scooped up Bee Line Cable to flesh out its footprint in the central part of the state. Bee Line boasts 300 miles of fiber cable, which it uses to serve internet and digital voice products to consumers in Anson, East Millinocket, Farmington, Industry, Madison, Millinocket, Skowhegan, and Wilton.
Private equity firms have been investing heavily in broadband providers in recent years, typically infusing cash into their acquisitions to expand operations, increase a company’s value and then do an initial public offering or sell the company at a profit several years later. What do private equity firms look for in a broadband acquisition? How involved are they in a provider’s operations? For EQT Group, fiber is a top selection criterion in making acquisitions.
Whether it’s based on hallucinatory beliefs or not, an artificial-intelligence gold rush has started over the last several months to mine the anticipated business opportunities from generative AI models like ChatGPT. App developers, venture-backed startups, and some of the world’s largest corporations are all scrambling to make sense of the sensational text-generating bot released by OpenAI in November 2022. But while companies and executives see a clear chance to cash in, the likely impact of the technology on workers and the economy, on the whole, is far less obvious.
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When liberals look back on the Biden presidency, they may hail its greatest accomplishment as ushering in a new era of corporate government dependency.
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