Business
Showing 12 of 116 articles · Page 1 of 10
GoPro Faces Potential Bankruptcy as AI Boom Drives Up Memory Costs
GoPro warns of potential bankruptcy or sale as AI data center demand drives up the price of essential memory components for its action cameras.
Alphabet Targets $80 Billion for Massive AI Infrastructure Push
Alphabet plans to raise $80 billion via stock sales to expand its AI infrastructure, with total 2024 capital expenditures reaching up to $190 billion.
Remote Work Not AI is Driving Youth Unemployment Trends
New data suggests remote work, not AI, is the main cause of youth unemployment by making mentorship and training for entry-level staff harder to manage.
US Companies Ration AI Access as Token Costs Explode
US firms are rationing AI usage after blowing annual budgets in months. See how rising token costs are impacting OpenAI and Anthropic IPO plans.
Companies Face AI Bill Shock as Costs Outpace Productivity Gains
Corporate AI spending is under fire after a company spent $500M in one month. Learn why business leaders are questioning the ROI of unchecked AI integration.
Ferrari Shares Drop 8% After Debut of Jony Ive-Designed Electric Luce
Ferrari shares fell 8% after unveiling the Luce, its first 100% electric car designed by Jony Ive. Learn about its 530km range and 2.5s acceleration.
Uber Questions AI Investments Amid Diminishing Returns
Uber executives express concern over rising AI costs, noting that increased token usage isn't delivering proportional value to users or the business.
Goldman Sachs Warns Enterprise AI Costs Could Skyrocket by 2030
Goldman Sachs projects a 24x surge in token consumption by 2030, warning that AI costs may soon exceed the price of hiring human staff.
Tech Labor Market Reality: AI Shifts Over Total Job Losses
Tech layoffs are being offset by new hiring as companies pivot to AI roles. Data shows AI adoption often leads to staff growth rather than net job losses.
SpaceX Eyes Record-Breaking Nasdaq IPO with $28.5 Trillion Market Potential
SpaceX targets a $1.75 trillion valuation in a potential record-breaking Nasdaq IPO, eyeing a massive $28.5 trillion total addressable market.
Motherboard Shipments Plunge 28% as Chipmakers Pivot to AI
Motherboard sales from Asus, Gigabyte, MSI, and ASRock drop 28% as Nvidia, Intel, and AMD prioritize AI chips over consumer hardware.
Samsung Hits $1 Trillion Milestone as Chip Demand Surges
Samsung reaches a $1 trillion market cap as profits jump 800% due to soaring chip demand and potential manufacturing deals with Apple.