How is technology revolutionizing access to capital for small businesses? What challenges do these businesses face in securing funding? And what broader role does technology play in improving their access to capital?

On the latest episode of Explain to Shane, Shane interviews Anthony Matos, CEO and cofounder of Shubox, a platform designed to help small businesses access capital through the innovative use of data and AI. They discuss how innovative platforms like Shubox leverage AI and alternative data to streamline the lending process, provide valuable insights into business health, and ultimately help small businesses access the capital they need to grow.

The National Telecommunications and Information Administration’s (NTIA) $42.5 billion Broadband Equity, Access, and Deployment (BEAD) Program, passed by Congress three years ago, set out to close the digital divide by bringing broadband to unserved and underserved communities. Yet despite the ambitious goal of getting all Americans online, progress has been slow. As of September 17, serious delays continue to plague the initiative, with 13 states still waiting for the NTIA to approve their initial proposals. These delays jeopardize the program’s effectiveness and risk leaving millions of Americans without access to essential digital infrastructure.

Here to sort through the mess are two members of AEI’s Broadband Barometer Project, Janice Hauge and Mark Jamison. Janice is a professor in the Department of Economics at the University of North Texas, where she works on broadband policy and regulation in the telecommunications and broadband industry. Mark is a nonresident senior fellow at AEI where he focuses on technology’s impact on the economy, telecommunications, and Federal Communications Commission issues. He is concurrently the director and Gunter Professor of the Public Utility Research Center at the University of Florida’s Warrington College of Business.

As artificial intelligence continues to reshape industries, companies are grappling with the challenges of effectively leveraging AI tools. From data readiness to privacy concerns, the path to successful AI implementation is fraught with complexities. Yet, the potential benefits - from revolutionizing healthcare to enhancing our daily interactions with technology - are too significant to ignore.

Here to shed light on these pressing questions is Mark Johnson, co-founder of Michigan Software Labs. With extensive experience in AI consulting, Mark brings valuable insights into the strategies companies are employing to harness the power of AI while addressing its challenges.

Join us as we explore the future of AI integration, the potential of brain-computer interfaces, and the delicate balance between innovation and privacy in the age of artificial intelligence.