The price of AI development has risen sharply, in part due to “reasons that weren’t widely anticipated,” The Wall Street Journal said. “The economics of artificial intelligence have turned sharply against” the technology’s developers.
Author: admin (Kendrick Williams)
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AI HAS CUT AT LEAST 17,375 JOBS FROM THE U.S. ECONOMY THIS YEAR
Businesses adopting AI have dumped 17,000 workers this year through 30 September, according to outplacement firm Challenger, Gray & Christmas. However, the total is likely more.
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GOOGLE WILL BUILD $15-BILLION AI DATA CENTER IN INDIA
Google has announced a $15-billion, five-year project to build a single AI data center in the southern Indian province of Andhra Pradesh. Between construction and permanent staff, the project will create 188,000 jobs and be Google’s largest data center outside the U.S., the company said.
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DELOITTE DOESN’T BLAME AI FOR MISTAKES IN A REPORT, BUT…
Deloitte, one of the global “Big Four” accounting and business services firms, has refunded to the Australian government the final portion of the payment the company received for auditing a government program that monitors job hunters’ compliance with regulations.
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INVESTORS ARE BETTING AI WILL GIVE US SHORTER WORKWEEKS
MARI, a new $3-billion entertainment company formed by Hollywood mogul Ari Emanuel, is betting that AI will give people more free time in the years ahead to watch or attend sports events and other extravaganzas.
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OPENAI SIGNS $1 TRILLION IN COMMITMENTS, HAS NO MONEY TO PAY FOR THEM
OpenAI, which estimates it will bring in about $13 billion in revenue this year, has signed $1 trillion worth of contracts to buy AI chips and lease access to, or help build, AI data centers.
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GAZA, WEST BANK DEATH TOLL
The ceasefire in Gaza remains in place as of Tuesday, with daily violations by the Israelis as the death toll inside Gaza hit 68,229 Palestinians, along with at least 170,361 injured. There are about 10,000 Palestinians missing in the rubble.
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TRUMP ADMINISTRATION’S ARGENTINA BAILOUT: A RISK FOR THE U.S.
The Trump administration’s effort to stabilize Argentina’s economy under the leadership of Javier Milei, President Donald Trump’s friend, carries a big risk for the White House that bills itself “America First.”
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U.S. TAXPAYERS SPEND $172M ON PRIVATE PLANES TO MAKE SURE NOEM TRAVELS IN STYLE
The U.S. purchased two private planes for the Department of Homeland Security’s Kristi Noem and other officials due to claims that the Gulfstream jets were needed because of security concerns, The New York Times reported.
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HAMAS SAYS IT IS HAVING TROUBLE FINDING BODIES OF ISRAELI HOSTAGES BURIED UNDER PILES OF RUBBLE
Hamas said that it is committed to honoring the ceasefire deal agreed to earlier this month with Israel, but it is having a hard time locating and retrieving the bodies of about two-thirds of the dead hostages that were taken during the 7 October 2023 attack.