Massive spending commitments for data-center leases and chips aren’t shown on companies’ balance sheets.Each quarter, big tech companies disclose their massive capital expenditures on artificial-intelligence infrastructure, from data centers to chips.But those figures don’t come close to expressing the full extent of future spending to which Google parent Alphabet, Meta Platforms, Oracle and many others have committed. That is because a huge swath of their coming financial obligations aren’t reflected on their balance sheets.Nine top tec...

The rapid expansion of artificial intelligence pioneers such as OpenAI and Anthropic is creating a massive wave of tech millionaires and billionaires who are fundamentally reshaping the global luxury market. Driven by an unprecedented surge in wealth creation—which saw global billionaire numbers rise 13 percent year-on-year to 3,302, over a thousand of whom are based in the United States—these young, digital-native entrepreneurs are pouring capital into high-performance, hyper-personalized trophy assets. However, their spending habits dive...

At their core, AI transformations are a reinvention of how work gets done. This requires change leadership, not just change management.As enterprises transition from basic generative tools toward fully autonomous AI agents, a significant gap has opened between technology investment and real business value creation. A report published in August 2026 by McKinsey & Company, titled How to close the agentic adoption gap, reveals that successful AI transformations follow a strict 1:3:5 investment ratio. For every single dollar spent on agentic...

1. 무알코올 맥주의 부상과 글로벌 주류 시장의 재편 가속화유일한 성장 동력으로 자리 잡은 무알코올 맥주: 글로벌 주류 맥주 시장이 침체기를 겪는 가운데 무알코올 맥주 부문이 지난 5년간 연평균 6~17%의 성장률을 기록하며 독보적인 성장 동력으로 부상.건강 인식 강화와 가계 예산 긴축의 결합: 소비자의 건강 인식 강화와 가계 예산 긴축에 따라 칼로리 부담이 적고 알코올이 없는 성인용 대체 음료에 대한 수요가 폭발적으로 증가.글로벌 맥주 대국의 침체와 신흥국의 선방: 중국, 미국, 독일 등 전통적 맥주 대국의 생산량이 고령화 및 소비 패턴 변화로 감소하는 반면 젊은 인구...

As the global brewing industry is struggling to grow, alcohol-free beer has become one of the bright spots in a troubled sector. And while buzz-free beer still accounts for just over 6 percent of global beer revenues, it has outgrown the alcoholic beer segment by a wide margin for the better part of the past decade, delivering growth of between 6 and 17 percent annually over the course of the past five years.Having long been neglected by the industry, non-alcoholic beer is now viewed as an opportunity by brewers, which are continuously exten...

As shoppers seek newer, better solutions for hair shedding and thinning, brands are racing to offer products that go beyond the scalp.High stress levels, GLP-1 usage, and frank conversations about hormonal changes have brought hair loss, shedding and “longevity” to the forefront of consumers’ minds.As innovation of medical treatments targeting those concerns has slowed, beauty brands are increasingly launching products designed to strengthen the hair, and treat the scalp.To target the problem holistically, more companies are establishing...

BCG’s inaugural Intelligent Cities Index shows how AI, digital capabilities, and robust governance combine to improve outcomes for residents in 61 of the world’s biggest cities.AI adoption drives better resident outcomes. Cities in the top third of AI adoption deliver higher quality of life, and striving for more AI use cases is a key piece to lifting overall maturity.A virtuous circle forms. More technology usage drives greater resident satisfaction, which drives more use cases, more satisfaction, and more maturity.Technology alone is not...

Sandbar, a startup by former Meta employees Mina Fahmi and Kirak Hong, attracted much attention last year when it showed off its note-taking wearable, the Stream ring. The company has now raised $23 million in a Series A funding round led by Adjacent and Kindred Ventures.The company’s smart ring is focused on note-taking, similar to products by Plaud or Omi, and not health-tracking like Oura’s products. The ring has a microphone that’s off by default, but can be activated using a flat, touch-sensitive panel at the top. You can hold this t...

AI, according to Kevin Warsh, could be one of the most significant changes in the US economy in his lifetime. He argues that AI will increase productivity, strengthen competitiveness and eventually raise real wages.But after roughly $725 billion in AI infrastructure investment, there is still little evidence of a transformative economic return.US structural productivity has recently reached the high-2 per cent range, which Warsh views as encouraging. However, Barclays economists argue that the improvement is more likely related to post-pande...