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Tuesday's Afternoon Update
What you need to know about Florida today
More businesses in Florida are using AI technologies—Why?
Florida is quickly becoming a hub for innovative forms of technology, with many companies setting up shop in the state to take advantage of its strong emerging technology infrastructure. One such technology that has attracted recent attention is artificial intelligence (AI). Florida is home to many companies using AI technology to uncover important connections within massive data sets in order to increase efficiency and user satisfaction. More from the Daily Business Review.
JPMorgan is growing in Florida and Texas, states that ‘like business,’ Dimon says
JPMorgan Chase & Co. is expanding in Florida, opening branches in a state that’s seen an increased influx of Wall Street firms since the pandemic. “We love Florida, we’re growing in Florida left and right,” the bank’s Chief Executive Officer Jamie Dimon told Bloomberg Television Monday in an interview from Miami. More from Bloomberg and Crain's.
YouTube competitor opens new Longboat Key headquarters
The California tech company party balloon has landed on Longboat Key — along with a sweet bottle of rum. The rum comes from Rumble. The publicly traded video-sharing platform, which rose to national prominence by catering to a conservative-leaning audience, especially during the pandemic, officially opened its new U.S. corporate headquarters Feb. 27 on Longboat Key. More from the Business Observer.
Central Florida homes on Citizens Insurance shoot up by 159%
Once the option mostly for vulnerable properties on the coasts, Citizens is writing an exploding number of policies within inland Central Florida, and experts expect the trend to accelerate for the foreseeable future. Over the past year, Citizens’ home policies have grown from 756,219 to 1.5 million, according to the company. The counties of Orange, Osceola, Seminole and Lake grew to nearly 75,000 policies, an increase of 159% from the previous year. More from the Orlando Sentinel.
Florida spring breakers may be impacted by red tide in Tampa Bay
With Tampa Bay area beach communities and the tourism industry quickly approaching their busiest season, the early arrival of red tide has both visitors and businesses worried about its effects. The latest reports from state environmental officials say the algal bloom has drifted as far north as Sand Key, just south of Clearwater Beach, and they're concerned winds from the south will continue pushing it further up the Pinellas coast. More from WFSU.
Sports Business
Minor leaguers could take minimum wage hit
Minor league baseball players would be exempt from Florida’s voter-approved minimum wage law under a proposal that has started moving forward in the state Senate. The Senate Commerce and Tourism Committee voted 8-2 on Monday to approve a measure (SB 892) that would incorporate into the state’s minimum-wage law a carve-out for minor-league baseball players in the federal Fair Labor Standards Act.
» More from the News Service of Florida.
Business Profile
Go See The City
About 30% of a typical city’s food waste comes from restaurants. Aneshai Smith wants to do something about that while helping restaurants thrive. Her Orlando-based startup, Go See The City, offers digital coupons for deep discounts on unsold food before restaurants close for the day.
» Read more from Florida Trend.
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