Morning Brew Daily US Gov't Comes for AI & $18 For A Big Mac?
Oct 31, 2023
President Biden's groundbreaking executive order aims to regulate AI, introducing essential safety measures. McDonald's raises Big Mac prices but continues to attract loyal customers despite inflation. The auto industry celebrates a historic agreement, boosting wages significantly. Meanwhile, a fascinating study reveals the surprising appeal of haunted houses in real estate. The podcast also explores evolving consumer habits post-pandemic, including shifts in dining and vacation trends, alongside the rise of upscale indoor golf clubs appealing to younger audiences.
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AI Executive Order
- President Biden signed an executive order on AI, aiming to establish safeguards.
- This order directs government agencies to create guidelines and research AI's impact.
AI Regulation Details
- The executive order invokes the Defense Production Act and mandates companies to share AI safety test results.
- Various government agencies will address AI's impact on national security, jobs, and algorithmic bias.
McDonald's Price Hikes
- McDonald's reported increased revenue due to menu price increases, with a Big Mac meal costing $18 in one location.
- Lower-income consumers visited McDonald's less, while higher-income visits increased, showing trading down.