globalEDGE Blog - By Tag: technonlogy

Since we last took a glance at cryptocurrency and its impact on the global economy, the digital currency market has undergone some major expansion.

It is a turbulent time for the job market of the tech industry. Many companies’ demand for workers in this sector has changed drastically over the past few years. In 2020, various tech industries took part in hiring sprees in response to the surge in consumer demand for digital goods and services that skyrocketed due to the pandemic. Additionally, many companies hired new employees on a full-time salary instead of on contract.

Since being introduced to the public on November 30th of 2022, ChatGPT has taken over the world by storm. It is an AI chatbot designed and created by OpenAI, an AI research and deployment company. ChatGPT is a natural language processing tool driven by AI technology that allows for users to have human-like conversations, conduct research, answer questions, and assist with tasks. But, the question being asked is what are the applications of the newfound AI technology?

Last week, U.S. President Joe Biden signed an executive order that directs a review of supply chains that have been negatively affected due to the pandemic. The review is focused on four products—semiconductors, minerals and rare earths, pharmaceuticals, and advanced batteries. The goal of this executive order is to increase the domestic production of these products as well as increase imports from ally countries. The order mainly prioritized and placed heavy emphasis on semiconductors, as it included a $37 billion fund to dramatically increase semiconductor or “chip” manufacturing in the U.S.

If you haven’t paid any attention to growing internet trends recently, you may be unfamiliar with the social media platform, TikTok.  TikTok is a popular destination for short-form video creation through lip-syncing, dancing, and memes.  Similar to the now-extinct Vine, TikTok features the same looping video function however adds a new layer of customization through the form of effects, filters, and sound overlays.  Many of the application’s 800 million active users are teenagers, with the younger demographic being largely represented among TikTok’s top content creators. 

One of the worlds premier decorations, art is hung, stood, and displayed in places all over the world.  Whether a wall painting, sculpture, or online design, art is a topic that is frequently overlooked as a major influence on society.  Much like it can be overlooked as something that simply belongs on a wall, the global art market is not often talked about in the economy.  Despite this, the art industry is a 63.7 billion dollar global market that deserves attention.

A business reaching international audiences depends on idea sharing and connectivity for its continued success. Today, social media is increasing audience engagement even further. In fact, the key to a successful social media strategy is effective engagement. With social media's importance continuing to rise, understanding the key concepts will help give your business an edge in this increasingly connected climate. Following is a complete and global guide to navigating social media strategy.