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.
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.
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.
As AI continues to take over human jobs, Salesforce laid off 4,000 employees as it switched to an AI-powered workplace management system.
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.
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.
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.
Meta, desperate for cash to fund its hundreds of billions of dollars of AI commitments, has found a new way to make targeted ads even more valuable to businesses.
OpenAI CEO Sam Altman has signed contracts with South Korean memory chip makers Samsung and SK Hynix to provide chips for the Stargate project’s data centers planned for the Asian nation.
James Anderson was an early investor in Amazon, Nvidia, and Tesla. Now the billionaire British venture funder sees Nvidia’s $100-billion investment in OpenAI as reminiscent of the dot-com bust at the beginning of this century.