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 […]
Amazon’s New Alexa+ is Impressive — But Is It Enough for the ChatGPT Era?
Amazon’s new Alexa+ is pretty good — but is that enough in the ChatGPT age? I’m going to start with a caveat from the top: This is not a formal product review. That’s not my background nor expertise, and if that’s what you are looking for, you are likely to walk away at least a […]
Workday and Amazon AI Employment Bias Allegations Spark Increased Concerns Over Tech-Driven Hiring Discrimination
Workday, Amazon AI employment bias claims add to growing concerns about the tech’s hiring discrimination Despite AI hiring tools’ best efforts to streamline hiring processes for a growing pool of applicants, the technology meant to open doors for a wider array of prospective employees may actually be perpetuating decades-long patterns of discrimination. AI hiring tools […]
What Lies Ahead for Nuclear Stocks Amid Regulatory Challenges?
What’s next for nuclear stocks after regulatory pushback? Nuclear energy stocks have become a favorite of Wall Street this year as the artificial intelligence boom spreads and Big Tech searches for ways to meet its growing power demand. They helped power the S&P 500’s Utilities index (XLU) to all-time highs — the index is on […]
The Impact of Trump 2.0 on Big Tech, AI, Chips, and Beyond: A Look at Silicon Valley and Beyond
Trump 2.0 will have a massive impact on Big Tech, AI, chips and more—in Silicon Valley and beyond Donald Trump’s re-election as U.S. president will have massive repercussions for the technology sector. It is always risky to make predictions, and that holds particularly true when the main character involved is someone prone to surprising, rash, […]
Constellation Energy and Nuclear Stocks Dive as Regulators Reject Amazon Power Agreement
Constellation Energy, nuclear stocks plummet after regulators block Amazon power deal Constellation Energy stock (CEG) fell as much as 12% early Monday amid a broader decline in nuclear power stocks following the US government’s rejection of another Big Tech nuclear power agreement late Friday. The Federal Energy Regulatory Commission (FERC) rejected a proposal from a […]
The Competing Nuclear-Energy Investments of Google, Amazon, and Microsoft
Inside Google, Amazon, and Microsoft’s dueling nuclear-energy investments Amazon on Wednesday said that it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence. The plans come as the […]
Big AI Dominates as Startups Bow Out of Race to Develop Massive Language Models
Big AI thins out the competition as startups quit the race to build large language models Hello and welcome to Eye on AI! In this edition…Big tech increasingly squeezes startups out of the generative AI market; an AI-discovered cancer drug begins clinical trials; another OpenAI cofounder joins Anthropic; and spend on LLMs booms (though still only […]