Data: Financial Modeling Prep ; Chart: Emily Peck/Axios Investors seem to be hitting pause on the AI run-up. Chip stocks in particular are slumping from their record highs. Why it matters: We're in a bit of a reality-check moment in the AI buildout — both for the businesses blowing their budgets on compute and for the investors bidding up stock prices for any company engaged in the new technology. The big picture: AI is moving faster than ever before, and the cost of some compute , or the price to rent the processing power needed to run models, is going down. - But prices to run the flagship frontier models from OpenAI and Anthropic are far more costly. - At the same time, demand for AI technology is still growing. State of play:…
Data: Financial Modeling Prep ; Chart: Emily Peck/Axios Investors seem to be hitting pause on the AI run-up. Chip stocks in particular are slumping from their record highs. Why it matters: We're in a bit of a reality-check moment in the AI buildout — both for the businesses blowing their budgets on compute and for the investors bidding up stock prices for any company engaged in the new technology. The big picture: AI is moving faster than ever before, and the cost of some compute , or the price to rent the processing power needed to run models, is going down. - But prices to run the flagship frontier models from OpenAI and Anthropic are far more costly. - At the same time, demand for AI technology is still growing. State of play:…Open
The AI job apocalypse may make for an "incredible headline," AI investor and All-In podcast co-host Chamath Palihapitiya said on "The Axios Show" — but he says it ignores history. Why it matters: The AI boom has turned the future of work into a political fight , an investor thesis and a sales pitch . Palihapitiya's counter: New technology changes what humans do, but it doesn't make them irrelevant. The big picture: The Social Capital CEO rejected the idea that AI and robotics will wipe out work — even for plumbers. Axios' Dan Primack floated a future where robots could crawl under the cabinet and do the job. - Palihapitiya asks who will run the plumbing business, or the robotics company. Humans will still need shelter, food, clothing…
The AI job apocalypse may make for an "incredible headline," AI investor and All-In podcast co-host Chamath Palihapitiya said on "The Axios Show" — but he says it ignores history. Why it matters: The AI boom has turned the future of work into a political fight , an investor thesis and a sales pitch . Palihapitiya's counter: New technology changes what humans do, but it doesn't make them irrelevant. The big picture: The Social Capital CEO rejected the idea that AI and robotics will wipe out work — even for plumbers. Axios' Dan Primack floated a future where robots could crawl under the cabinet and do the job. - Palihapitiya asks who will run the plumbing business, or the robotics company. Humans will still need shelter, food, clothing…Open
Under President Trump, more federal attention and support has gone towards anti-abortion Christian centers. A watchdog group says many of them mislead patients with promises to "rule out" ectopic pregnancies.
Under President Trump, more federal attention and support has gone towards anti-abortion Christian centers. A watchdog group says many of them mislead patients with promises to "rule out" ectopic pregnancies.Open
Don't let the season fly by. Gretchen Rubin, host of the Happier podcast, shares exercises to help you get what you want out of summer. Fill out the printable worksheet and stick it on your fridge.
Don't let the season fly by. Gretchen Rubin, host of the Happier podcast, shares exercises to help you get what you want out of summer. Fill out the printable worksheet and stick it on your fridge.Open
NPR reports from Mongbwalu in the Democratic Republic of Congo. The fight to contain the virus faces obstacles from lack of supplies to residents who doubt that the virus is real.
Fed chair Kevin Warsh shouldn’t point to Alan Greenspan’s experience to bolster his argument that A.I. will allow the central bank to keep interest rates low.
France had its hottest June day ever, with forecasters in Britain predicting that the record for the highest temperature for this time of year was also likely to be broken.