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Sen. Bernie Sanders' report warns that AI could eliminate up to 97 million U.S. jobs in a decade, enriching Big Tech billionaires while harming workers. He proposes a "robot tax" for retraining, a four-day workweek, and regulations to ensure AI benefits everyone, not just elites.
Cloud costs can quickly spiral when finance teams lack real-time visibility into engineering spend. Join the free virtual FinOps Excellence Summit, hosted by Harness on July 16th, to learn how leading companies like United Airlines are successfully embedding cost controls into their software delivery pipelines.
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Experts warn of an AI investment bubble fueled by circular deals where tech giants fund startups that recycle money back into their ecosystems, inflating valuations without real value. Echoing the dot-com crash, institutions like the Bank of England highlight risks of overcapacity and scaling limits. Caution is urged to avoid a potential market correction.
Seattle-based Aarden AI has emerged from stealth with $4 million in funding to develop an AI platform that empowers landowners in negotiating data center and renewable energy deals. By analyzing proposals for fair values and impacts, it levels the playing field against corporate developers amid booming AI and clean energy demands.
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AI firms like OpenAI and Anthropic face multibillion-dollar lawsuits over copyright and privacy issues, but insurers hesitate to cover unpredictable risks. Companies are turning to investor funds for settlements, potentially slowing innovation and prompting new insurance models or regulations. This shift could reshape AI funding and governance.
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