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:…
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…
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YouTuber Caleb Hammer joins "CUOMO" to discuss his rise to success, generational attitudes toward work and the growing challenge of credit card debt. More: https://www.newsnationnow.com/cuomo-show/caleb-hammer-explains-gen-z/