Category: Business

AIBusinessTechnology

OpenAI Cofounder’s Reality Check Sparks Debate Over AI Hype Cycle

In a viral podcast interview, AI pioneer Andrej Karpathy delivered a sobering assessment of artificial intelligence capabilities. The former OpenAI and Tesla executive argues AGI remains at least ten years away despite industry hype about AI agents and autonomous systems.

AI Pioneer Delivers Sobering Assessment

Former OpenAI cofounder and Tesla AI executive Andrej Karpathy has delivered a stark reality check about artificial intelligence capabilities, suggesting the technology remains far from achieving human-level intelligence despite massive investment and hype, according to reports from a widely-shared podcast interview.

by Megan Carter
BusinessEconomyRealestate

JPMorgan Chase Debuts $3 Billion NYC Skyscraper in Major Post-Pandemic Office Development

JPMorgan Chase has unveiled its new 60-story global headquarters in Manhattan, one of the first major office towers completed since the COVID-19 pandemic. The $3 billion development replaces the former Union Carbide Building and will accommodate approximately 10,000 employees. Company leadership describes the project as a significant commitment to New York City’s future.

Massive Manhattan Headquarters Opens

JPMorgan Chase has publicly unveiled its new 60-story global headquarters in Midtown Manhattan, a development that reportedly cost $3 billion and represents one of the first major office buildings completed following the COVID-19 pandemic, according to company statements. The bronze and steel tower at 270 Park Avenue officially opened Monday with a ribbon-cutting ceremony coinciding with employees’ first workday in the new facility.

by Megan Carter
BusinessGamingTechnology

Nintendo Reportedly Ramps Up Switch 2 Production to Meet Strong Holiday Demand

Nintendo is reportedly boosting Switch 2 production significantly, targeting 25 million units by March 2026. Analysts suggest the console could sell 20 million units this fiscal year, exceeding initial forecasts.

Production Boost for Holiday Season

Nintendo has reportedly requested a substantial increase in production for its Switch 2 console, with plans to manufacture 25 million units by the end of March 2026, according to sources familiar with the matter. This move is said to be aimed at maximizing sales during the critical Christmas holiday period, as reported by Bloomberg via NintendoLife. The company’s aggressive production strategy reflects confidence in sustained consumer demand for the new handheld hybrid system.

by Megan Carter