AI tokens are surging, but are profits? – The Economist
During the dotcom boom in the late 1990s, internet upstarts justified their lofty valuations with woolly measures such as “clicks”, “eyeballs” and “engagement”. Today’s investors—who
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Why AI Workers Won’t Let Bots Do the Most Basic Tasks – WSJ
I tend to assume people who work in artificial intelligence live like the Jetsons. Even if they don’t have robot maids, surely they automate as
The crypto industry got everything it wanted. It’s still having a meltdown – CNN
This was supposed to be the year cryptocurrency, a 16-year-old asset that promised to be the future of finance, came into its own.The multi-trillion-dollar industry
HP to cut about 6,000 jobs by 2028, ramps up AI efforts – CNN
HP Inc said on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline
Understanding Economic Efficiency: Key Definitions and Examples
Economic efficiency involves the optimal allocation of goods and production factors, aiming to maximize value while minimizing waste. It indicates that resources are utilized near
PODCAST: Odd Lots: Why Paul Kedrosky Says AI Is Like Every Bubble All Rolled Into One
In recent weeks, there’s been renewed anxiety about the sustainability of the AI boom. This is partly due to comments from OpenAI CFO Sarah Friar
Grim retail sales data fuels concerns about health of US economy – The Financial Times
A series of grim official data released just ahead of Thanksgiving has deepened concerns about the health of the world’s largest economy, intensifying the pressure
The Fed’s Tool for Calming Short-Term Funding Markets Is Being Tested – WSJ
The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.
What can nervous businesses expect from the Budget? – BBC News
Business leaders face a nervous final few days before the chancellor’s second Budget, having borne the brunt of a brutal set of tax hikes this
Nvidia shares fall on signs Google gaining upper hand in AI – The Financial Times
The article reports that shares of Nvidia dropped significantly on Tuesday after signs emerged that Google might be overtaking Nvidia in the race for dominance