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The promise has been titillating: quiet, electric taxis taking off vertically, floating over urban traffic. The consulting firm McKinsey says in a matter of five years, flying taxi fleets could rival airlines in size.
Well, maybe. It's already taking longer than predicted. Marketplace’s Henry Epp has been tracking the industry and its evolution.
The U.S. just agreed to spend $20 billion on a currency exchange with Argentina. The hope? To put a lid on inflation before Javier Milei, an ally of President Trump, is up for re-election. How does that work? What’s in it for the U.S.? Later in this episode: AI firms juice the stock market, an economist explains Trump’s flavor of state capitalism, and sports betting sites push the boundary between state and federal regulation.
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Earlier this month, Tesla unveiled cheaper versions of some of its most popular cars. Other automakers are also promising to discount EVs or roll out more affordable models. This all comes following the end of federal tax credits that knocked as much as $7,500 off the price of a new EV. Also: a proposal that could grant crypto firms access to Fed infrastructure and a check-in with Cuba's tourism minister.
Netflix is trying a new strategy to make more money: It's worked out a deal to stream some podcasts from Spotify, which have both audio and video. The deal means access to more consumer data and a new audience. And it's a move against a common competitor: YouTube. Also on the show: a change in tune on crytpo from a Federal Reserve leader and OpenAI's very own web browser.
From the BBC World Service: Experts have estimated that the cyberattack on Jaguar Land Rover — which halted car production there for multiple weeks — cost the carmaker roughly $2.55 billion, making the breach the most expensive in the country’s history. We'll do the numbers. And later in the program, tourism has long played a central part in Cuba’s economy. So what impact have the Trump administration’s new sanctions had?
About a third of the greenhouse gases cooking our planet come from our food. Agriculture and livestock production are incredibly taxing on the planet. To curb the impact, we need to drastically reduce the amount of land we use to make food, while at the same time making more food for a growing population. How are we going to do that? In this episode we go fishing with an eccentric rancher in Northern California and hop over to Colorado to get a rare peek into the demonized factory farm industry on our hunt for answers.
Artificial intelligence holds a lot of promise for tribal nations — as a force multiplier for hard-to-staff departments, a tool to better serve tribal citizens, and even to aid in the revitalization of Indigenous languages and culture.
But, as with all applications of AI tools, data security concerns loom. And some nations are adopting the new technology quicker than others. For an overview, Marketplace’s Nova Safo spoke with Savannah Peters, who covers Indigenous communities for Marketplace.