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.
Tag: AI
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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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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
As AI continues to take over human jobs, Salesforce laid off 4,000 employees as it switched to an AI-powered workplace management system.
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PROPHETS OF ABUNDANCE AND THE AI RESET
The AI reset is in full swing. As daily headlines signal problems for average human workers and creatives across the spectrum, technocrats continue to assure everyone that the “Abundance” is getting nearer.
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CIRCULAR DEALS FUEL FEARS OF INFLATED AI VALUATIONS
After Nvidia recently agreed to invest as much as $100 billion in OpenAI to help the company build a massive AI data center, OpenAI announced it would buy Nvidia AI chips to power the center.
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AI AND THE BOTTOM LINE: A CASE STUDY
Most companies haven’t figured out AI. As we reported in “Get To Work, AI!” (7 Oct 2025), an MIT study found that half of the companies that have experimented with it have dropped and only 5 percent have seen a positive bottom-line impact.