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Tech leaders gather in a closed-door Senate meeting to shape AI regulation. ARM IPO could lead to a market rebound. Adobe introduces new AI offerings. Businessweek ranks best business schools. Decreased venture capital funding. Generative AI in content creation. Challenges of promoting diversity in schools. Outlook for markets in the second half. Consequences of increasing student loan payments.
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- Tech and civil society leaders are shaping regulations for artificial intelligence in a closed-door Senate meeting.
- The return of student loan payments may impact consumer behavior and tighten monetary policy.
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Choppy Second Half Expected in the Markets
It is predicted that the second half of 2023 will be choppy for the markets, with a range-bound performance expected. The recent CPI report, which showed higher-than-expected inflation, sets the tone for the rest of the year. The market will likely continue to be choppy until there is more clarity on key data points. The Federal Reserve is not expected to take action at the September meeting, but another rate hike is possible. The overall outlook is for a longer, slower path towards policy normalization.
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