AI companies are spending untold billions of dollars building out data centers to support behemoth AI models — and a return on their investments is still nowhere in sight. Valuations have soared well past the trillion-dollar mark, with AI chipmaker Nvidia becoming the world’s most valuable company with a market cap that recently topped $4.5 trillion. But that’s all, despite …
Read More »AI Economics Are Brutal. Demand Is the Variable to Watch. The Wall Street Journal OpenAI’s deals are looking a little frothy : The Indicator from Planet Money NPR Measuring risk in the AI financing boom Financial Times The Economics of Running an AI Company Are Disastrous Futurism Silicon Valley is plowing money into AI, and the latest deals are eye-watering Yahoo Finance Source link
Read More »Carlyle releases its own economics indicators, filling gap from government shutdown (CG:NASDAQ) Seeking Alpha The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad CNBC Government shutdown halts data, stokes risk as economy wobbles, experts say ABC News – Breaking News, Latest News and Videos White House warns of economic spillover effect of government shutdown Federal News Network US …
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One of Wall Street’s most closely watched voices delivered a blunt message to peers and policymakers: The U.S. economy is not faltering—it is accelerating. Torsten Sløk, chief economist at Apollo Global Management, said forecasts of an imminent slowdown have been repeatedly wrong, and the economics profession should start grappling with its track record of misjudgments. “The consensus has been wrong …
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Kylan Darnell became an overnight celebrity in the TikTok niche that documents the glitzy, ritualistic recruitment process for sororities. As a 21-year-old rising senior four years later, she’s taking more of her sorority life offline. Darnell has until now been the embodiment of RushTok, a week-long marathon that has teens at schools around the country meticulously documenting their efforts to …
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After much media consternation and criticism over the cancellation of The Late Show With Stephen Colbert, CBS chief has spoken up about the company’s decision to end the television institution after 32 years. Speaking at a press conference following the takeover of Paramount by the media conglomerate Skydance, George Cheeks, the chair of TV media at the company, attributed the …
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Mortgage rates are still nearly 7% and home prices are 55% higher than they were at the beginning of 2020, according to the Case-Shiller U.S. National Home Price Index. Housing inventory is slightly rising overall, but it’s not doing so by nearly enough, a May report by the National Association of Realtors and Realtor.com shows. And an analyst note published …
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CBS says its decision to end Stephen Colbert’s late-night comedy show is financial, not political. Yet even with the ample skepticism about that explanation, there’s no denying the economics were not working in Colbert’s favor. The network’s bombshell announcement late Thursday that the “Late Show” will end next May takes away President Donald Trump’s most prominent TV critic and the most popular …
Read More »Trump economics adviser Kevin Hassett is rising in race for next Fed chief The Washington PostView Full Coverage on Google News Source link
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