The AI bubble debate has lurched through at least three frenzied phases in the span of three years: - Suspicion: Historic sums of capital poured into AI before anyone proved it could reliably automate work. A violent market correction felt inevitable. - Mania: Claude Code and autonomous agents made the early skepticism look outdated, fueling a corporate scramble to embed AI everywhere and maximize usage. - Reckoning: Companies discovered that AI can be extraordinary when aimed precisely — and ruinously expensive when treated as a universal productivity machine. Why it matters: The first phase doubted the technology. The second phase worshipped it. The third phase — currently gaining steam across Corporate America — questions…
Soccer lovers frustrated by public transportation will have another option to return to Boston, Dallas, Miami and New York from hard-to-reach stadiums.
AI's most powerful CEOs are splitting into warring camps over whether their own technology will gut white-collar work or supercharge it — but the truth probably lies somewhere in the middle. Why it matters: The two leading AI labs are trading in hype and doom, making it nearly impossible for companies, policymakers, and the public to know what's coming. The big picture: A pair of public appearances this week highlighted how far apart Anthropic and OpenAI are. - Anthropic co-founder Chris Olah , speaking Sunday at the Vatican's AI ethics conference, doubled down on rhetoric CEO Dario Amodei has used about the dangers of AI. "There is a real possibility that AI will displace human labor at very large scale," Olah said. - OpenAI CEO Sam…
Self-driving robotaxi company Waymo has paused operations in multiple cities across the U.S. due to difficulties navigating puddles.
Self-driving robotaxi company Waymo has paused operations in multiple cities across the U.S. due to difficulties navigating puddles. PULSE POINTS WHAT HAPPENED: Waymo has temporarily halted its robotaxi services in four major cities in the United States due to puddles. DETAIL: Waymo is the branch of Alphabet, parent company of Google, building self-driving robotaxis. The firm has temporarily halted robotaxi services in Atlanta, Dallas, Houston, and San Antonio due to puddles created by rain and flooding . The weather conditions posed challenges for the vehicles’ navigation systems. The decision to halt robotaxi services follows a nationwide recall of approximately 3,800 Waymo vehicles due to their inability to handle flooded roads. The…Open
Corporate America is delivering the goods this earnings season , dampening fears about the economy, even as rising energy prices threaten to undermine the momentum. Why it matters: Economic uncertainty tied to the Iran war — alongside stubborn inflation and souring consumer sentiment — don't seem to have derailed earnings in Q1. Zoom in: Wednesday's winners included: - Uber: After reporting a 25% rise in bookings, CEO Dara Khosrowshahi told CNBC : "The consumers are spending, they're spending locally, and we don't see any signs of that weakening at this point." - Disney: The company recorded better-than-expected operating income at all three of its divisions — entertainment, experiences and sports — as Bloomberg noted .…
Prosecutors say that Jonathan Rinderknecht, the 29-year-old suspect charged with starting the Palisades Fire, which killed 12 people in January 2025, targeted the wealthy and expressed intense anti-capitalist sentiment.
Court filings reveal new details about the alleged motives of the suspect in one of California’s most destructive wildfires , compounding pre-existing fears about left-wing political violence . PULSE POINTS WHAT HAPPENED: Prosecutors say that Jonathan Rinderknecht, the 29-year-old charged with starting the Palisades Fire, which killed 12 people across Pacific Palisades and Malibu, California, in January 2025, intended to target “the rich” and expressed intense anti-capitalist sentiment. DETAIL: On Monday, it was reported that prosecutors have alleged that Jonathan Rinderknecht, the 29-year-old charged with starting the Palisade Fires , sought to target wealthy residents, expressing anger at capitalism and dismay at personal issues on…Open
ABC News’ Ike Ejiochi spoke with Joby Aviation’s Chief Product Officer Eric Allison about the company’s innovative air taxis, addressing safety concerns and possible future routes and costs.
IT budgets are getting blown out as some companies increasingly spend more on AI than on employees' salaries. Why it matters: Maybe human labor will be more cost efficient after all. What they're saying: "For my team, the cost of compute is far beyond the costs of the employees," Bryan Catanzaro, vice president of applied deep learning at Nvidia, told Axios. - Uber's chief technology officer already blew through his full 2026 AI budget due to token costs, according to The Information. - Amos Bar-Joseph, CEO of Swan AI, bragged about his Anthropic bill in a viral LinkedIn post , saying "We're building the first autonomous business - scaling with intelligence, not headcount." Zoom out: Worldwide IT spending is expected to reach $6.31…