Free PDF Business Plan Templates and Samples

By Joe Weller | September 9, 2020

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We’ve gathered the most useful collection of business plan PDF templates and samples, including options for organizations of any size and type.

On this page, you’ll find free PDF templates for a simple business plan , small business plan , startup business plan , and more.

Simple Business Plan PDF Templates

These simple business plan PDF templates are ready to use and customizable to fit the needs of any organization.

Simple Business Plan Template PDF

Simple Business Plan Template

This template contains a traditional business plan layout to help you map out each aspect, from a company overview to sales projections and a marketing strategy. This template includes a table of contents, as well as space for financing details that startups looking for funding may need to provide. 

Download Simple Business Plan Template - PDF

Lean Business Plan Template PDF

Lean Business Plan Template

This scannable business plan template allows you to easily identify the most important elements of your plan. Use this template to outline key details pertaining to your business and industry, product or service offerings, target customer segments (and channels to reach them), and to identify sources of revenue. There is also space to include key performance metrics and a timeline of activities. 

Download Lean Business Plan Template - PDF

Simple 30-60-90 Day Business Plan Template PDF

Simple 30-60-90 Day Business Plan Template

This template is designed to help you develop and implement a 90-day business plan by breaking it down into manageable chunks of time. Use the space provided to detail your main goals and deliverables for each timeframe, and then add the steps necessary to achieve your objectives. Assign task ownership and enter deadlines to ensure your plan stays on track every step of the way.

Download Simple 30-60-90 Day Business Plan Template

PDF | Smartsheet

One-Page Business Plan PDF Templates

The following single page business plan templates are designed to help you download your key ideas on paper, and can be used to create a pitch document to gain buy-in from partners, investors, and stakeholders.

One-Page Business Plan Template PDF

business plan product pdf

Use this one-page template to summarize each aspect of your business concept in a clear and concise manner. Define the who, what, why, and how of your idea, and use the space at the bottom to create a SWOT analysis (strengths, weaknesses, opportunities, and threats) for your business. 

Download One-Page Business Plan Template

If you’re looking for a specific type of analysis, check out our collection of SWOT templates .

One-Page Lean Business Plan PDF

One Page Lean Business Plan Template

This one-page business plan template employs the Lean management concept, and encourages you to focus on the key assumptions of your business idea. A Lean plan is not stagnant, so update it as goals and objectives change — the visual timeline at the bottom is ideal for detailing milestones. 

Download One-Page Lean Business Plan Template - PDF

One-Page 30-60-90 Day Business Plan Template

One Page 30-60-90 Day Business Plan Template

Use this business plan template to identify main goals and outline the necessary activities to achieve those goals in 30, 60, and 90-day increments. Easily customize this template to fit your needs while you track the status of each task and goal to keep your business plan on target. 

Download One-Page 30-60-90 Day Business Plan Template

For additional single page plans, including an example of a one-page business plan , visit " One-Page Business Plan Templates with a Quick How-To Guide ."

Small Business Plan PDF Templates

These business plan templates are useful for small businesses that want to map out a way to meet organizational objectives, including how to structure, operate, and expand their business.

Simple Small Business Plan Template PDF

Simple Small Business Plan Template

A small business can use this template to outline each critical component of a business plan. There is space to provide details about product or service offerings, target audience, customer reach strategy, competitive advantage, and more. Plus, there is space at the bottom of the document to include a SWOT analysis. Once complete, you can use the template as a basis to build out a more elaborate plan. 

Download Simple Small Business Plan Template

Fill-In-the-Blank Small Business Plan Template PDF

Simple Fill In The Blank Business Plan Template

This fill-in-the-blank template walks you through each section of a business plan. Build upon the fill-in-the-blank content provided in each section to add information about your company, business idea, market analysis, implementation plan, timeline of milestones, and much more.

Download Fill-In-the-Blank Small Business Plan Template - PDF

One-Page Small Business Plan Template PDF

One Page Business Plan For Small Business Template

Use this one-page template to create a scannable business plan that highlights the most essential parts of your organization’s strategy. Provide your business overview and management team details at the top, and then outline the target market, market size, competitive offerings, key objectives and success metrics, financial plan, and more.

Download One-Page Business Plan for Small Business - PDF

Startup Business Plan PDF Templates

Startups can use these business plan templates to check the feasibility of their idea, and articulate their vision to potential investors.

Startup Business Plan Template

Startup Business Plan Template

Use this business plan template to organize and prepare each essential component of your startup plan. Outline key details relevant to your concept and organization, including your mission and vision statement, product or services offered, pricing structure, marketing strategy, financial plan, and more.

‌Download Startup Business Plan Template

Sample 30-60-90 Day Business Plan for Startup

Sample 30-60-90 Day Business Plan for Startup

Startups can use this sample 30-60-90 day plan to establish main goals and deliverables spanning a 90-day period. Customize the sample goals, deliverables, and activities provided on this template according to the needs of your business. Then, assign task owners and set due dates to help ensure your 90-day plan stays on track.

‌Download Sample 30-60-90 Day Business Plan for Startup Template 

For additional resources to create your plan, visit “ Free Startup Business Plan Templates and Examples .”

Nonprofit Business Plan PDF Templates

Use these business plan PDF templates to outline your organization’s mission, your plan to make a positive impact in your community, and the steps you will take to achieve your nonprofit’s goals.

Nonprofit Business Plan Template PDF

Fill-in-the-Blank Nonprofit Business Plan Template

Use this customizable PDF template to develop a plan that details your organization’s purpose, objectives, and strategy. This template features a table of contents, with room to include your nonprofit’s mission and vision, key team and board members, program offerings, a market and industry analysis, promotional plan, financial plan, and more. This template also contains a visual timeline to display historic and future milestones.

Download Nonprofit Business Plan Template - PDF

One-Page Business Plan for Nonprofit Organization PDF 

One Page Business Plan for Nonprofit Organizations Template

This one-page plan serves as a good starting point for established and startup nonprofit organizations to jot down their fundamental goals and objectives. This template contains all the essential aspects of a business plan in a concise and scannable format, including the organizational overview, purpose, promotional plan, key objectives and success metrics, fundraising goals, and more.

Download One-Page Business Plan for Nonprofit Organization Template - PDF

Fill-In-the-Blank Business Plan PDF Templates

Use these fill-in-the-blank templates as a foundation for creating a comprehensive roadmap that aligns your business strategy with your marketing, sales, and financial goals.

Simple Fill-In-the-Blank Business Plan PDF

The fill-in-the-blank template contains all the vital parts of a business plan, with sample content that you can customize to fit your needs. There is room to include an executive summary, business description, market analysis, marketing plan, operations plan, financial statements, and more. 

Download Simple Fill-In-the-Blank Business Plan Template - PDF

Lean Fill-In-the-Blank Business Plan PDF

Fill-in-the-Blank Lean  Business Plan Template

This business plan is designed with a Lean approach that encourages you to clarify and communicate your business idea in a clear and concise manner. This single page fill-in-the-blank template includes space to provide details about your management team, the problem you're solving, the solution, target customers, cost structure, and revenue streams. Use the timeline at the bottom to produce a visual illustration of key milestones. 

Download Fill-In-the-Blank Lean Business Plan Template - PDF

For additional resources, take a look at " Free Fill-In-the-Blank Business Plan Templates ."

Sample Business Plan PDF Templates

These sample business plan PDF templates can help you to develop an organized, thorough, and professional business plan.

Business Plan Sample 

Basic Business Plan Sample

This business plan example demonstrates a plan for a fictional food truck company. The sample includes all of the elements in a traditional business plan, which makes it a useful starting point for developing a plan specific to your business needs.

Download Basic Business Plan Sample - PDF

Sample Business Plan Outline Template

Simple Business Plan Outline Template

Use this sample outline as a starting point for your business plan. Shorten or expand the outline depending on your organization’s needs, and use it to develop a table of contents for your finalized plan.

Download Sample Business Plan Outline Template - PDF

Sample Business Financial Plan Template

Business Financial Plan Template

Use this sample template to develop the financial portion of your business plan. The template provides space to include a financial overview, key assumptions, financial indicators, and business ratios. Complete the break-even analysis and add your financial statements to help prove the viability of your organization’s business plan.

Download Business Financial Plan Template

PDF  | Smartsheet

For more free, downloadable templates for all aspects of your business, check out “ Free Business Templates for Organizations of All Sizes .”

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Free business plan template for small businesses. Updated for 2024.

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Business Plan Template for Small Businesses

Business planning can feel complicated. it doesn't have to be. start putting pen to paper today with your free business plan template download..

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Why you need a business plan

Writing a business plan can seem like a big task, especially if you’re starting a business for the first time and don’t have a financial background. After all, business plans have changed over the years, and what lenders and investors expect now is different than it was even just 10 years ago.

What hasn’t changed is that writing a business plan will help you:

  • Develop a strategy for success
  • Reduce the risk of starting a business
  • Explore new business ideas
  • Attract investors and get funding

Learn more about how you can get value out of your business plan .

What is included in this business plan template?

This template includes definitions, guidance, and examples for every business plan component needed to start, fund, and grow your business.

After downloading the full template, you’ll receive instructions on how to fill out each of the following sections.

Executive summary

The brief summary of your business plan introduces everyone to your business, the problem you solve, and what you’re asking from your readers. It’s the first chapter of your business plan and the last thing you write once you have the details from your full plan.

Problem & solution

More than a simple description of your products and services – here you define the problem you’re solving and the value you provide. It’s also your chance to showcase any initial traction that shows you’re on the right track.

Market analysis and target market

A detailed assessment of the market you intend to enter, including the size and value of the market, potential customer segments, and their buying patterns.

Competition

Show that you know who your competitors are, what advantages you have, and how you’re positioning your business to be competitive.

Marketing & sales

Describe how you’ll reach and sell to potential customers with a detailed sales plan and chosen marketing channels.

What makes your business run? Outline the day-to-day workflows and what needs to be set up for your business to deliver a product or service.

Milestones & metrics

Set goals for your business that include the dates and people responsible for accomplishing them. This is what you’ll use to manage responsibilities, track growth, and execute your larger strategy.

Company overview and team

Provide a brief rundown of the legal and structural components of your company, including your history, current team, and gaps you need to fill.

Financial plan

Create well-structured and accurate financial statements to help you pitch to investors, land funding, and achieve long-term success. All without the help of a financial advisor or a degree in accounting.

While not required, this last section of your business plan is a great place to drop in additional documents that support and strengthen the rest of your plan.

How do you write a simple business plan?

If you’re exploring a business idea and don’t plan to pursue funding, then you actually don’t need to write a traditional business plan. Instead, opt for a one-page plan , which is far easier to create but just as effective.

To write a simple one-page business plan, follow the same core sections as a traditional plan. But instead of lengthy paragraphs and multiple pages covering each area of your business, stick with single sentences and bulleted lists.

If a one-page plan sounds like a better option, download our free simple business plan template to get started.

Start your business plan today

Whether you're writing a business plan to validate your business idea, secure funding, or grow your existing business – our template will help you achieve your goals.

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Business plan template FAQ

What file formats are available for this business plan template?

You can download and use this business plan template as a Google Doc, .docx (Microsoft Word), or PDF.

Can you print out this template?

This is a printable business plan template that can be downloaded and printed no matter which format you choose.

Why should you start with a business plan template?

Starting with a good business plan template (like this one) includes everything you need to get started. It helps you organize your thoughts, and provides guidance, instructions, and examples to create an investor-ready and SBA-approved business plan format. It really speeds up the planning process. Oh, and it's 100% free!

Is writing a business plan easy?

Using a business plan template can make writing a business plan easier. Additionally, if you focus on just getting your information down quickly, with the expectation that you'll revisit and revise your plan, you can speed up and simplify the process .

Can someone write your business plan for you?

If you're still struggling to write your business plan even when using a template, you can look into hiring a professional business plan writer. We even have a free resource to help you ask just the right questions  to make sure you find the right plan writer.

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Business Plan Templates

Free Download

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2 Essential Templates For Starting Your Business. Available as an interactive PDF or a Google Docs template.

With this business plan template, you'll be able to:

  • Write a company description that sells your story
  • Plan for the future: lay out goals and metrics for success
  • Describe your product line in detail and plan for how to stand out from competitors
  • Consider any legal formalities that require attention when starting your business
  • Put together necessary financial projections to make a strong start
  • Create your buyer persona and determine your product/marketing fit

business plan template

Build A Business Plan That Works

Available as a one-page interactive PDF and a full template on both Google Docs and Microsoft Word!

Whether you’re starting a business or drafting a formalized document with  your current business goals, it’s important to clearly defi ne the scope of all aspects of the venture — from mission, to target customers, to fi nances, and beyond.

When just starting out, it can be tempting to think of a business plan as simply your company’s name and a description of your product or service. But in reality, planning a business involves thinking through a lot more details.

In this business plan template we’ll guide you through the steps of writing company and product descriptions, setting sales and marketing goals and plans, and thinking through legal and fi nancial logistics. We've included a  plain text, designed , and  completed example version of this template. 

Frequently Asked Questions (FAQs)

How do you write a business plan.

A business plan is a formal written document that you can use to identify the purpose of your company, make important decisions about your future and help grow your company. HubSpot's free business plan templates provides guidance to establishing your company mission, customer research, competition, and a business strategy to profitability.

Why do I need to fill out the information requested?

We will always keep your personal information safe..

We ask for your information in exchange for a valuable resource in order to (a) improve your browsing experience by personalizing the HubSpot site to your needs; (b) send information to you that we think may be of interest to you by email or other means; (c) send you marketing communications that we think may be of value to you. You can read more about our privacy policy here .

Where can I get a free business plan template?

HubSpot's Free Business Plan Templates are the best way to create a professional, thorough business plan. The templates include instructions and everything you need to know about starting your company.

Is this really free?

Absolutely.

Just sharing some free knowledge that we hope you’ll find useful. Keep us in mind next time you have marketing questions!

What are the basic format of a business plan?

A business plan is a written document that outlines the company's goals, strategy and implementation. The format of the plan varies depending on the type of organization (e.g., for-profit or nonprofit) and size, but most plans share some common features such as an overview, executive summary, and financial information.

What is the best business plan template?

A great business plan template clearly defines the scope of the venture -- from mission, to target customers, to finances, and beyond. HubSpot's business plan template will guide you through the steps of writing company and product descriptions, setting sales and marketing goals and plans, and thinking through legal and financial logistics.

What is needed to start a business?

If you're thinking about starting a business, you'll need to do some research first. You can't just start a business without doing any market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. After that, write your business plan so that you know how much money and time it will take for the project to succeed. Use HubSpot's free business plan template today!

Set yourself up for success with this business plan template

Download the free business plan template.

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Digital Product Business Plan Guide and Template

Learn how to create your own comprehensive business plan with our free guide and template for digital product businesses. we cover everything from defining your digital product business to developing your business plan to starting to grow and scale your business, in this free , you will learn:.

  • How to define your digital product business
  • Digital product business plan template
  • Explanations of the different business plan parts and how to develop them
  • Tips on scaling your digital product business

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Harvard Business Review

How to Write a Great Business Plan

By: William A. Sahlman

Every seasoned investor knows that detailed financial projections for a new company are an act of imagination. Nevertheless, most business plans pour far too much ink on the numbers--and far too…

  • Length: 11 page(s)
  • Publication Date: Jul 1, 1997
  • Discipline: Entrepreneurship
  • Product #: 97409-PDF-ENG

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Every seasoned investor knows that detailed financial projections for a new company are an act of imagination. Nevertheless, most business plans pour far too much ink on the numbers--and far too little on the information that really matters. Why? William Sahlman suggests that a great business plan is one that focuses on a series of questions. These questions relate to the four factors critical to the success of every new venture: the people, the opportunity, the context, and the possibilities for both risk and reward. A great business plan is not easy to compose, Sahlman acknowledges, largely because most entrepreneurs are wild-eyed optimists. But one that asks the right questions is a powerful tool. A better deal, not to mention a better shot at success, awaits entrepreneurs who use it.

Learning Objectives

To gain familiarity with the four categories of information a business plan for a new venture must include: the people, the opportunity, the context, and the potential risks and rewards.

Jul 1, 1997

Discipline:

Entrepreneurship

Harvard Business Review

97409-PDF-ENG

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8+ SAMPLE Product Business Plan in PDF

product business plan

Product Business Plan

8+ sample product business plan, what is a product business plan, elements of a product business plan, tips on product business plan, how to create a product business plan, why do products need a business plan, what is the best way to showcase our products.

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Product One Page Business Plan Template

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Product Business Plan Outline

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Product Launch Business Plan

Basic Product Business Plan

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Executive summary.

  • What have you been doing in your business?
  • What do you want to do in the future?
  • What are you selling and what makes it unique?
  • Who are the people that you will be selling to?
  • How can you attract your customers?
  • How much is your current revenue?
  • What are your plans for your sales forecast?
  • How much profit do you want?
  • Who is your team?

Business Description

  • The type of business, whether you are incorporation, sole proprietorship, or partnership
  • The business model that you are using
  • The industry where your business belongs
  • The mission statement and vision statement of your company and your core values
  • Background data of your company and your company’s history
  • Long-term objectives and short-term objectives
  • The management, including all staff members, together with their salaries

Market Analysis

  • Know every customer profile and its demographics. If you are targeting specific consumers, look for their government information. Look at the range of changes that can happen in the following years.
  • Research market trends. Find information on how consumption will change in particular groups. Look at the common trends on your products. Know how the industry is going.
  • Give right guesses. Make valid points that can set your products to the right market.

Competitive Analysis

  • You must have leadership by maximizing your profits. You can do this by giving lower prices on products compared to your competitors.
  • You should offer a distinct product that stands out in the industry. This can differentiate you from your competitors.
  • Focus on a particular niche so you can have a target market. Build a small audience before going into a wider market.

Organizational Chart

Product description, consumer segmentation.

  • The place where the customer lives
  • The range of age
  • The educational attainment
  • The usual behavior observation
  • The way the customers spend their free time
  • The place where the customers work
  • The technology that the customers use
  • The salary of customers
  • The place where the consumers work
  • The beliefs and opinions of consumers

Marketing Plan

  • How much is the price of your product? Why have you chosen that price?
  • What are your products? What sets your products apart from other products?
  • How can you make your products to be bought by consumers?
  • Where are you going to sell all your products?

Operational Plan

  • Where do your materials come from? Where are you going to produce your products?
  • Will you manufacture your products? How long will the product take to be made? What is the best season to make your products?
  • Where will your team be going to work? What kind of space do you have?
  • What technology do you use?
  • How will you handle shipping?
  • Where will you store your products?

Financial Plan

Step 1: good product description, step 2: consider competition, step 3: consider future products, share this post on your network, file formats, word templates, google docs templates, excel templates, powerpoint templates, google sheets templates, google slides templates, pdf templates, publisher templates, psd templates, indesign templates, illustrator templates, pages templates, keynote templates, numbers templates, outlook templates, you may also like these articles, 5+ sample investment company business plan in pdf.

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Will A.I. Boost Productivity? Companies Sure Hope So.

Economists doubt that artificial intelligence is already visible in productivity data. Big companies, however, talk often about adopting it to improve efficiency.

Credit... Shira Inbar

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Jordyn Holman

By Jordyn Holman and Jeanna Smialek

  • April 1, 2024

Wendy’s menu boards. Ben & Jerry’s grocery store freezers. Abercrombie & Fitch’s marketing. Many mainstays of the American customer experience are increasingly powered by artificial intelligence.

The question is whether the technology will actually make companies more efficient.

Rapid productivity improvement is the dream for both companies and economic policymakers. If output per hour holds steady, firms must either sacrifice profits or raise prices to pay for wage increases or investment projects. But when firms figure out how to produce more per working hour, it means that they can maintain or expand profits even as they pay or invest more. Economies experiencing productivity booms can experience rapid wage gains and quick growth without as much risk of rapid inflation.

But many economists and officials seem dubious that A.I. — especially generative A.I., which is still in its infancy — has spread enough to show up in productivity data already.

Jerome H. Powell, the Federal Reserve chair, recently suggested that A.I. “may” have the potential to increase productivity growth, “but probably not in the short run.” John C. Williams, president of the New York Fed, has made similar remarks, specifically citing the work of the Northwestern University economist Robert Gordon.

Mr. Gordon has argued that new technologies in recent years, while important, have probably not been transformative enough to give a lasting lift to productivity growth.

“The enthusiasm about large language models and ChatGPT has gone a bit overboard,” he said in an interview.

The last time productivity really picked up, in the 1990s, computer manufacturing was getting a lot more efficient at the same time that computers themselves were making everything else more efficient — allowing for a sector-spanning productivity increase. Today’s gains may be less broad, he thinks.

Other economists are more optimistic. Erik Brynjolfsson at Stanford University has bet Mr. Gordon $400 that productivity will take off this decade. His optimism is based partly on A.I. He ran an experiment with it at a large call center , where it especially helped less experienced workers, and has co-founded a company meant to teach firms how to leverage the technology.

Many companies seem to be in Mr. Brynjolfsson’s camp, hopeful that the shiny new tool will revolutionize their workplaces. Companies are using A.I. and generative A.I. for everything from writing marketing emails to helping set prices to answering employees’ human resources and legal questions.

Here are a few areas where companies say the latest A.I. technology is being used in ways that could influence productivity, pulled from interviews, earnings calls and financial filings.

Got an annoying task? There’s an A.I. for that.

Employees spend a lot of time trying to figure out human-resources-related questions. Companies have been investing in generative A.I. to help answer those queries more quickly.

At Walmart , the largest retailer in the United States, with 1.6 million workers, the company’s employee app has a section called “My Assistant,” which is backed by generative A.I. The feature uses the technology to quickly answer questions like “Do I have dental coverage?,” summarize meeting notes and help write job descriptions.

Walmart rolled out the technology to its U.S. corporate work force last year.

The retailer has been clear that the tool is meant to boost productivity. In an interview last year, Donna Morris, Walmart’s chief people officer, said one of the goals was to eliminate some mundane work so employees could focus on tasks that had more impact. It’s expected to be a “huge productivity lift” for the company, she said.

The algorithms want to sell you things.

Tony Spring, Macy’s chief executive, said the department-store chain was experimenting with A.I. to tailor its marketing. The company is using generative A.I. to write elements of emails, and is exploring ways to use the technology to add product descriptions online and to replicate images of outfits or other products for sale over new backgrounds.

“It’s certainly showing up as a tool for some colleagues to reduce workload,” Mr. Spring said in an interview.

Abercrombie & Fitch is using generative A.I. to help design clothes and write descriptions for its website and app. Designers use Midjourney, an A.I. graphics program, to help them generate images as they brainstorm clothing ideas. Workers in Abercrombie’s marketing department also use generative A.I. to help write the blurbs for products’ descriptions. (Employees later edit the copy.)

Samir Desai, Abercrombie & Fitch’s chief digital officer, said the technology helped speed up a laborious process, given that Abercrombie and its brands could post a couple of hundred new products on its website in a single week.

“I think right now it’s a lot of trust and belief that these are productivity enhancers, efficiency boosters,” Mr. Desai said, noting that it was difficult to quantify how much time and money was being saved. “I think we’ll start to see that manifest itself in just how much work certain teams are able to get through versus the prior years.”

A.I. pairs well with burgers and ice cream.

Some companies are hoping to use the latest A.I. technology to help match prices to demand, somewhat like the way that Uber sets prices for cars based on how many people want to ride.

Wendy’s, for instance, has floated the idea of using A.I. to identify slower times of the day and discount the prices of menu items on its digital boards.

The technology could also help with inventory management. Ben & Jerry’s put cameras that use A.I. into the freezers at grocery stores to help alert the company when a location was running low on pints of Cherry Garcia or Chunky Monkey. The camera sporadically captures an image of the freezer shelves, and the technology assesses the quantity that’s left, sending alerts to Ben & Jerry’s parent company and its distributors.

“The software identifies what is about to run out and also helps plan the most efficient routes for trucks that can restock the inventory,” Catherine Reynolds, a spokeswoman for Unilever, the parent of Ben & Jerry’s , said in a statement.

The A.I. technology is installed in 8,000 freezers, and the company said it planned to significantly increase that number this year. On average, freezers with the A.I. technology increased sales 13 percent because they were replenished with fresh pints of ice cream, particularly the most in-demand flavors, Ms. Reynolds said.

A.I. is getting into the weeds.

Deere, the maker of farm equipment, has been using A.I. alongside cameras to improve herbicide sprayers . The equipment recognizes and targets weeds specifically, allowing for more precise use of chemicals. The technology was introduced in 2022, and the company estimates that it covered 100 million acres and saved eight million gallons of herbicide last year.

The technology can allow “customers to reduce their herbicide use, lower their costs and minimize impact on their crops and land,” John C. May II, the firm’s chief executive, said at a news conference in February.

Are these game-changing improvements?

Skepticism of A.I.’s potential for major change is based largely on the fact that many of its applications mimic things software can already do: There are clear improvements, but not necessarily game-changing ones.

But while it could take time for companies to fully harness A.I. tools, the fact that the applications are potentially so broad has made some economists optimistic about what the new technologies could mean for productivity growth.

Analysts at Vanguard think that A.I. could be “transformative” to the U.S. economy in the second half of the 2020s, said Joseph Davis, the financial firm’s global chief economist. He said the technology could save workers meaningful time — perhaps 20 percent — in about 80 percent of occupations.

“We’re not seeing it in the data yet,” he said, explaining that he thinks that a recent pickup in productivity has been more of a snapback from a steep drop-off during the pandemic. “The good news is that there’s another wave coming.”

Jordyn Holman is a business reporter for The Times, covering the retail industry and consumer behavior. More about Jordyn Holman

Jeanna Smialek covers the Federal Reserve and the economy for The Times from Washington. More about Jeanna Smialek

Explore Our Coverage of Artificial Intelligence

News  and Analysis

U.S. clinics are starting to offer patients a new service: having their mammograms read not just by a radiologist, but also by an A.I. model .

OpenAI unveiled Voice Engine , an A.I. technology that can recreate a person’s voice from a 15-second recording.

Amazon said it had added $2.75 billion to its investment in Anthropic , an A.I. start-up that competes with companies like OpenAI and Google.

The Age of A.I.

Teen girls are confronting an epidemic of deepfake nudes in schools  across the United States, as middle and high school students have used A.I. to fabricate explicit images of female classmates.

A.I. is peering into restaurant garbage pails  and crunching grocery-store data to try to figure out how to send less uneaten food into dumpsters.

David Autor, an M.I.T. economist and tech skeptic, argues that A.I. is fundamentally different  from past waves of computerization.

Economists doubt that A.I. is already visible in productivity data . Big companies, however, talk often about adopting it to improve efficiency.

The Caribbean island Anguilla made $32 million last year, more than 10& of its G.D.P., from companies registering web addresses that end in .ai .

When it comes to the A.I. that powers chatbots, China trails the United States. But when it comes to producing the scientists behind a new generation of humanoid technologies, China is pulling ahead .

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Multi-Stakeholder Roundtable passes a Joint Action Plan to manage and protect water resources in Chile’s Salar de Atacama Basin

  • For the first time in the Salar de Atacama, around 20 stakeholders from indigenous communities, mining, tourism, agriculture, and authorities, are working on joint solutions to water challenges
  • The stakeholders have joined a Multi-Stakeholder Roundtable (Mesa Multiactor) and agreed on a Joint Action Plan
  • 14 measures are currently being implemented by the Mesa Multiactor, for the purpose of managing and protecting water resources in the Salar de Atacama basin
  • The stakeholders are aiming to institutionalize the Mesa Multiactor to ensure their work continues

With this Joint Action Plan, participants of a Multi-Stakeholder Roundtable (Mesa Multiactor) have agreed on a framework for natural resource management in the Salar de Atacama basin in Chile. The Action Plan was one of the crucial goals of the project funded by the Responsible Lithium Partnership of BASF, BMW Group, the former Daimler AG (now Daimler Truck AG and Mercedes-Benz Group AG), Fairphone, and Volkswagen Group.

For the first time in the Salar de Atacama, around 20 organizations (among them representatives of indigenous communities, civil society, academia and the public and private sectors) are collaborating.

The ecosystem of Salar de Atacama is fragile and there is lack of scientific knowledge on the impacts of lithium mining and other economic activities. Potential risks derived from water and brine table shifts could affect ecosystems and local livelihoods. Water availability emerged as the dominant topic in the Mesa Multiactor, thus taking a central role in the project. The protection of valuable habitat and the Salar’s unique biodiversity are further key concerns.

The local participants have agreed on 30 measures in the Action Plan, including the creation of a cadastre of water rights holders on the river basin, geological and hydrological mapping, campaigns on the challenges of water scarcity, provision of drinking water to local communities, and recycling of grey water. Several of the actions are already completed, others are underway or prioritized for the future.

Furthermore, the Mesa Multiactor has addressed scientific uncertainties surrounding water in the Salar by screening and making available more than 300 studies and reports through a public and accessible library.

The participants have extended the project until February 2025, at the same time aiming to institutionalize the roundtable to ensure their work continues beyond that time.

For more information on the Mesa Multiactor and its initiatives, visit www.mesamultiactor.cl/ .

About Responsible Lithium Partnership

Responsible Lithium Partnership (April 2021-February 2025) is a project in the Salar de Atacama (Chile) commissioned by BASF, BMW Group, Daimler Truck, Fairphone, Mercedes-Benz Group and Volkswagen Group. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is the implementing partner in Chile.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €68.9 billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com .

Daniela Rechenberger

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Barclays reduces Fed rate cut view to one in 2024

Barclays economics team on Wednesday said it now sees the U.S. Federal Reserve cutting rates just one time in 2024, by 25 basis points (bps), in light of the upside surprise to the consumer price index (CPI) data released today.

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  26. Multi-Stakeholder Roundtable passes a Joint Action Plan to ...

    With this Joint Action Plan, participants of a Multi-Stakeholder Roundtable (Mesa Multiactor) have agreed on a framework for natural resource management in the Salar de Atacama basin in Chile. The Action Plan was one of the crucial goals of the project funded by the Responsible Lithium Partnership of BASF, BMW Group, the former Daimler AG (now Daimler Truck AG and Mercedes-Benz Group AG ...

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