Technology

The narrative that AI spending has been singlehandedly propping up the U.S. economy — a claim that captivated Silicon Valley, Wall Street and Washington over the past year — is facing serious pushback from economists at Goldman Sachs, Morgan Stanley and JPMorgan Chase, all of whom now calculate that the Read more…

OpenAI CEO Sam Altman is pushing back on growing concerns about AI’s environmental footprint, dismissing claims about ChatGPT’s water consumption as “totally fake” and arguing that the fairer way to measure AI’s energy use is to compare it against humans. In an interview with Indian Express, Altman acknowledged that evaporative Read more…

A software engineer tried steering his robot vacuum with a videogame controller, ended up with a sneak peak into thousands of people’s homes. While building his own remote-control app, Sammy Azdoufal reportedly used an AI coding assistant to help reverse-engineer how the robot communicated with DJI’s remote cloud servers. But Read more…

Europe’s failure to produce a Tesla or a Waymo stems not from insufficient research spending or high taxes — problems California shares in abundance — but from labor laws that make it devastatingly expensive for companies to unwind failed bets. According to estimates, corporate restructuring costs the equivalent of 31 Read more…

The IRS’s IT division has reportedly lost 40% of its staff and nearly 80% of its tech leadership amid a federal “efficiency” overhaul, the agency’s CIO revealed yesterday. Kaschit Pandya detailed the extent of the tech reorganization during a panel at the Association of Government Accountants yesterday, describing it as Read more…

The software industry’s decades-old habit of charging companies a flat fee for every employee who uses a product is running into a fundamental problem: AI agents don’t sit in chairs, and they don’t need licences. As autonomous agents take on tasks that human workers once handled, the per-seat pricing model Read more…