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AI Adoption Rate Trending Down for Large Companies

The US Census Bureau conducts a biweekly survey of 1.2 million firms, and one question is whether a business has used AI tools such as machine learning, natural language processing, virtual agents or voice recognition to help produce goods or services in the past two weeks. Recent data by firm size shows that AI adoption has been declining among companies with more than 250 employees, see chart below. This presentation may not be distributed, transmitted or otherwise communicated to others in w

In Desperate Bid to Get Elon Musk to Stay, Tesla Awards Him $29 Billion

After many months of plummeting sales and disastrous earnings, Tesla has awarded its controversial CEO a whopping $29 billion worth of its shares in a bid to keep him at the helm of the carmaker. After a Delaware judge threw out his astronomical pay package last year, which was worth $56 billion at the time, shareholders are terrified that his incredibly damaging leadership could soon come to an end. While continuing to attempt to get the pay package reinstated, the board granted him a "good f

The AI bubble today is bigger than the IT bubble in the 1990s

The difference between the IT bubble in the 1990s and the AI bubble today is that the top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s, see chart below. This presentation may not be distributed, transmitted or otherwise communicated to others in whole or in part without the express consent of Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”). Apollo makes no representation or warranty, expressed or implied, with respect to the accura

OpenAI and Jony Ive remove ‘io’ branding mentions over trademark lawsuit

If you recently looked up but couldn’t find OpenAI’s announcement video about its flashy partnership with Jony Ive, you are not alone. OpenAI has quietly pulled down the original blog post and the accompanying nine-minute video, just weeks after touting the $6.5 billionsc deal as a landmark step toward building new AI hardware. Here’s what happened. The deal is still happening, just with a bit less branding According to a statement given to The Verge, OpenAI says the content was taken offline

Trump fires commissioner of preeminent nuclear safety institution

Critics warn that the United States may soon be taking on more nuclear safety risks after Donald Trump fired one of five members of an independent commission that monitors the country's nuclear reactors. In a statement Monday, Christopher Hanson confirmed that Trump fired him from the US Nuclear Regulatory Commission (NRC) on Friday. He alleged that the firing was "without cause" and "contrary to existing law and longstanding precedent regarding removal of independent agency appointees." Accord