The haves and have nots of the AI gold rush

The vibes around the current AI boom aren’t great, even in the tech industry, according to a lengthy social media post from Menlo Ventures partner Deedy Das.  Das described San Francisco as “pretty frenetic right now,” as “the divide in outcomes is the worst I’ve ever seen.” Using a “back of the envelope AI calculation,”…

Read More
3 AIs Reveal What May Set off a Huge Revival

3 AIs Reveal What May Set off a Huge Revival

“SHIB usually advantages from sector-wide speculative flows relatively than needing its personal information first,” Perplexity acknowledged. It was late 2021 when the self-proclaimed Dogecoin killer shocked the crypto world with an enormous value surge, pushing its market capitalization above $40 billion. Nonetheless, that peak was short-lived, and Shiba Inu headed south earlier than staging an…

Read More

Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high

Cloudflare on Thursday joined a growing list of tech companies — including Meta, Microsoft, and Google — that have reported increased revenue alongside and massive layoffs, attributing both trends to their use of AI. Cloudflare, which provides internet security and performance services to millions of websites worldwide, announced it was cutting its workforce by approximately…

Read More