AI Drug Companies Are Facing Challenges—but Don’t Blame the Technology
AI drug companies are struggling—but don’t blame the AI Moonshot hopes of artificial intelligence being used to expedite the development of drugs are coming back down to earth. More than $18 billion has flooded into more than 200 biotechnology companies touting AI to expedite development, with 75 drugs or vaccines entering clinical trials, according to […]
Google Caught Claiming the Open Web is in ‘Rapid Decline,’ Sparking Outrage Among Publishers Over ‘AI Content Theft’
Google got caught saying the open web is in ‘rapid decline’ and publishers are up in arms about its ‘AI content theft’ Google is under intense scrutiny for making contradictory statements about the health of the open web, even as publishers and industry critics are seeing issues with how it siphons content for its AI-powered […]
VERSES® Expands Commercial Relationship with Major Global
VERSES AI Inc. has announced an expanded partnership with a major global investment firm, enhancing their consulting agreement to include milestone-based payments. This collaboration aims to develop an active inference causal model for financial markets using their platform, Genius, to improve asset allocation decisions, targeting metrics like drawdown and volatility. The contract includes fixed payments […]
e.l.f. Beauty’s CDIO Claims Responsibility for AI’s Foundation, Emphasizing It’s Not Just an IT Mandate
e.l.f. Beauty’s CDIO says she’s responsible for AI’s foundation, but that these tools aren’t an IT mandate Ekta Chopra, the chief digital information officer of e.l.f. Beauty, says the fast-growing beauty brand is piloting 85 different agentic artificial intelligence use cases. But giving employees more access to generative AI tools doesn’t come with a mandate […]
Sam Altman: Increased AI-like Communication is Making Human Interactions Feel ‘Very Fake’
Sam Altman says people are starting to talk like AI, making some human interactions ‘feel very fake’ Even CEOs of major AI companies are starting to admit the pitfalls and quirks of the technology.OpenAI CEO Sam Altman on Monday said he’s had “the strangest experience” reading a Reddit thread about Codex, his company’s new agent […]
PwC UK’s Chief Acknowledges Job Cuts at Entry-Level and Monitors AI’s Impact on Work Dynamics
PwC’s U.K. chief admits he’s cutting entry-level jobs and watching to see how AI changes work Gen Z college graduates are eager to launch their careers but are instead hitting a wall. Despite promises that degrees would open doors to stable, well-paying jobs, just landing an interview is an uphill battle. Even execs are slowly […]
As Chief Legal Officer of a $4 Billion IT Unicorn, Here’s My Gen Z Advice for Leaders Reimagining Entry-Level Roles in the AI Era
I’m chief legal officer at a $4 billion IT unicorn and I’ve got Gen Z advice for leaders looking to reimagine entry-level work in the age of AI LinkedIn’s chief economic opportunity officer recently warned that AI is “breaking” entry-level jobs that have historically served as stepping stones for young workers. As Aneesh Raman wrote in […]
Deutsche Bank on ‘The Summer AI Turned Ugly’: More Cautious Than the Dotcom Bubble, Highlighting Concerning Data Center Metrics
Deutsche Bank on ‘the summer AI turned ugly’: ‘more sober’ than the dotcom bubble, with som troubling data-center math Deutsche Bank analysts have been watching Amazon Prime, it seems. Specifically, the “breakout” show of the summer, “The Summer I Turned Pretty.” In the AI sphere, analysts Adrian Cox and Stefan Abrudan wrote, it was the […]
Multimillion-Dollar Restaurant CEO Scaled Back His Luxury Spending on Range Rovers and McLarens Amid Economic Uncertainty
Multimillion-dollar restaurant CEO used to splurge on Range Rovers and McLarens—but he’s reining it in now, because today’s economy makes no sense When the big paychecks roll in after building a successful business, it may be tempting to splurge on designer clothes, luxury mansions, and high-tech gadgets. When Derrick Hayes—an entrepreneur who grew up in […]
America’s billionaires hold a collective wealth of $5.7 trillion, with just three individuals accounting for $1 trillion of that total.
America’s billionaires are worth $5.7 trillion—and just three people represent $1 trillion of that wealth America has 1,135 billionaires and counting. According to a recent WSJ analysis of data from wealth-intelligence firm Altrata, if you put all their fortunes together, they represent a honey pot of $5.7 trillion—and half of that wealth is accumulated by […]