The shocking collapse of the Francis Scott Key Bridge in Baltimore on Tuesday has sent shockwaves through the city and beyond, with recovery efforts under way and significant economic ramifications expected in the coming months. Here's a breakdown of the near- and long-terms effects:

Thousands of shipping jobs are in limbo after the Key Bridge collapse. Car companies are rerouting shipments as port traffic is suspended.

The Francis Scott Key Bridge could rejoin Baltimore’s skyline in as little as two years or as many as 15, with some experts eyeing a number in between. 

Soon after the container ship Dali struck and toppled the Francis Scott Key Bridge early Tuesday, Paul Brashier was among many in the shipping industry who shifted into overdrive.

What are the new rules for tipping? Businesses that never seemed to ask for a tip before — like grocery stores, self-checkout machines and fast food restaurants — are now asking for one these days.

Leaders of AI companies often argue that AI products will handle mundane tasks, freeing people up to be more productive and creative. And there are few tasks more mundane than taxes. An individual American taxpayer spends roughly 13 hours and $240 out-of-pocket costs just to prepare and file one annual tax return, according to one 2022 study—an estimated 1.15 billion hours collectively spent on tax preparation.

The collapse of Baltimore’s Francis Scott Key Bridge could have a significant economic impact, effectively shutting down the nation’s busiest port for cars and light trucks in the U.S. and the ninth busiest port overall for an indefinite period.

PHILADELPHIA (CBS) -- The collapse of the Francis Scott Key Bridge in Baltimore Tuesday morning is sending shockwaves throughout the local community, and across shipping sectors.

Until the wee hours of Tuesday morning, the shattered Francis Scott Key Bridge in Baltimore arced across the lanes where shipping traffic headed in and out of port. It was also part of a major interstate highway along the Northeast Corridor.

Business, port and government leaders on Tuesday afternoon were busy trying to address the impact of the bridge's destruction while first responders scoured the waters below the bridge to search for victims.

In a major blow to commerce in the region, the Helen Delich Bentley Port of Baltimore is partially shut down after the Francis Scott Key Bridge collapsed Tuesday morning when it was struck by a cargo ship.

"The Key Bridge and Port of Baltimore are critical components of our nation’s infrastructure and supply chain,” the American Trucking Association said.

The Port of Baltimore is known for handling coal, sugar and specialized vehicles such as tractors and cranes

The collapse of the Francis Scott Key bridge in Baltimore, a deadly disaster that's disrupted a major transit route along the east coast, has also shut down a large section of the Baltimore port.

AI is revolutionizing tax preparation, offering efficiency and accuracy. Yet, it faces challenges like bias and reliability concerns.

Pneumonia, an infection in the lungs that causes difficulty breathing, is most commonly diagnosed through chest x-rays.

Critical infrastructure sectors are becoming increasingly complex and interdependent and so, too, are the physical and socioeconomic landscapes in which they operate. This in turn has increased the possibility of disruptions and subsequent compounding disruptions. Climate change adds an additional layer of uncertainty and disruption to these evolving interconnected networks. And, for the power grid, this shifting threat landscape is exacerbated by increased demand from electrification, decarbonization, population growth, and an overall increase in reliance on electricity. Climate change is also affecting energy usage patterns. For example, Texas has seen spikes in energy demand and intense strain on the power grid from both unexpected cold snaps and intense heat waves.

There is something different about the current moment in artificial intelligence. New capabilities are emerging rapidly due to advances in computing, algorithmic development, and access to vast amounts of data. The change feels real.

College basketball, especially Division I power conference teams, all seek the coveted prize of a national championship. Yet in every season, every team goes home empty except one that survives the grueling three weeks that are commonly known as March Madness.

Can artificial intelligence and other types of data analytics pick a Final Four in this year’s NCAA basketball tournament? Given all the computing power available these days and the wealth of data available, picking winners should be a no brainer. Add in the power of artificial intelligence and the results should be a foregone conclusion.