Sam Altman publicly requested a $50,000 refund for his Tesla Roadster deposit, only for the email to bounce. The incident reveals deeper issues with Tesla’s delayed projects and the ongoing feud between the tech billionaires.
Amazon’s latest job cuts disproportionately targeted managers in retail operations, with internal data showing 78% of eliminated roles were management positions. The restructuring reflects deeper cultural changes as the company prepares for potential AWS reductions.
A Malaysian accountant’s journey from traditional accounting to AI-powered app development demonstrates how professionals can leverage new technologies. His experience with “vibe coding” offers lessons for the broader workforce facing automation pressures.
Kong CEO Augusto Marietti acknowledges the AI sector may be heading for a bubble but argues the massive infrastructure investments will ultimately prove necessary. He compares current spending to 19th century railroad construction that initially seemed excessive but became essential. Energy constraints remain the primary bottleneck for AI scaling, according to industry leaders.
Despite growing concerns about an AI investment bubble, industry leaders are betting that today’s massive infrastructure spending will pay off long-term, even if some companies falter along the way. Kong CEO Augusto “Aghi” Marietti recently told Business Insider that while a market correction seems inevitable, the underlying infrastructure being built will remain critical to the technology’s future.
Renowned economist Gary Shilling, who accurately forecast both the dot-com and housing bubbles, warns that Generation Z faces a challenging economic future shaped by artificial intelligence. According to his analysis, young workers may need to work significantly harder than previous generations while potentially ending up with lower purchasing power. The 88-year-old economist, still actively running his firm, suggests adaptation and productivity enhancement will be crucial for survival in the coming AI-dominated landscape.
Gary Shilling, the economist who built his reputation by accurately predicting both the dot-com bubble and the housing bubble collapses, is now sounding alarms about a different kind of economic disruption. According to recent reports, Shilling believes Generation Z faces a particularly challenging future in the age of artificial intelligence—one that may require substantially more effort for potentially diminished returns compared to their parents’ generation.
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