Good morning. It’s official. While the final tally will take time to work out, the Democrats came charging back into Congress yesterday, winning back control of both the House and the Senate in the midterm elections. This was a vote on the state of the economy, but it was also a vote on the state
Good morning. By 2030, the AI ecosystem will need about $2.6 trillion in annual end-market spending to support data centers, chips, model development, and investor returns, according to a BCG Institute analysis. Enterprises would account for $1.8 trillion of that total, followed by consumers at $366 billion, hyperscalers’ internal use at $204 billion, and emerging
Dazzle AI CEO Marissa Mayer recently became the latest tech CEO to face criticism over seemingly out-of-touch comments extolling the usefulness of AI. In Mayer’s case, that involved asking an AI tool for help with a school-assigned description of her daughter. For OpenAI CEO Sam Altman, that’s included suggesting that parents create personalized podcasts for
Good morning. At age 96, Warren Buffett has officially closed the book on his more than six-decade tenure as chairman of Berkshire Hathaway. Buffett stepped down as chairman on Sept. 18, effective immediately, and was succeeded by his son, Howard G. Buffett, a Berkshire director for 33 years. The move caps a leadership transition that
Don’t let the black leather jacket fool you, Jensen Huang isn’t a doomer. Nvidia’s CEO said as much in an interview with CBS News aired on Sunday. He accused the leaders of the frontier AI labs of being disingenuous in their warnings that, without more AI oversight, the products they are building could harm humanity
Good morning. AT&T’s Pascal Desroches has spent his career thinking of his professional life as a series of chapters, each shaped, he says, “by change, challenge, and the opportunity to help navigate moments that mattered.” On Dec. 31, he’ll close the AT&T chapter, retiring as CFO after more than five years in the role and
