Story of the Week (DR):

‘We faltered’: IBM stock collapses after a grave warning about AI

Customers are Prioritizing AI Hardware: While IBM mostly sells software nowadays, businesses are currently cutting back on their software budgets. Instead, they are rushing to spend their money on physical computer parts (like chips and servers) needed to build new Artificial Intelligence systems.

Former Intel CEO says the chipmaker went off the rails ‘when it started to be run by business people’

The inside story of IBM’s shocking profit warning

Xbox CEO Joins Fed AI Jobs Task Force Days After Announcing 3,200 Layoffs

Xbox CEO Asha Sharma, who previously worked in Microsoft’s Core AI group before taking over Xbox, joins Marc Andreessen, co-founder and general partner at Andreessen Horowitz, and Charles I. Jones, a Stanford University economics professor currently on leave at Anthropic.

Productivity and Jobs task force, which will study the economic impact of new general-purpose technologies, including AI, as part of the central bank’s approach to monetary policy.

Marc Andreessen Says AI Is 'Already a Better Doctor Than 99.99% of Human Doctors'

Jamie Dimon says he understands why people have grown 'anti-rich'

Gallup CEO says colonizing Mars may be closer than fixing today’s ‘broken’ workplace—where disengagement levels are as high as 2020

Elon Musk Says His Goal Is for SpaceX to Be Worth More than the Entire Earth

The U.S. Added 441,000 Millionaires Last Year, While the Typical American Got 20% Poorer

James Murdoch may have reaped as much as $7.5 billion from his pre-IPO investment in Elon Musk’s SpaceX

Palantir CEO Alex Karp Warns AI Could Become America's Biggest Driver of Wealth Inequality

"You now have a revolution where, you know, I could become 20 times wealthier than I am now," he added. Karp said AI is creating a "complete decoupling" between ordinary economic gains and a small group of people accumulating "unimaginable wealth."

The AI Backlash Has Tech Executives Fearing for Their Lives MM

Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich

Anthropic's New AI Ad Is So Disturbing, OpenAI CEO Sam Altman Thought It Was Satire

Meta Oversight Board study: AI chatbots may be the most perfect propaganda machine ever invented

A Majority of Americans Now Support Seizing Wealth From AI Industry

Goodliest of the Week (MM/DR):

DR: New York bans data center construction for a year, rattling AI industry AND New York becomes first U.S. state to impose AI data center ban

MM: FREE FLOAT! MM

Microsoft’s emissions rose 25% last year. Experts say they’ll surge even more dramatically in the years ahead

We said FIVE YEARS AGO that MSFT board was one of the worst at managing carbon despite setting a net negative target at the time

We were correct

Assholiest of the Week (MM):

It’s not us, it’s you

xAI sued a Grok user for allegedly generating deepfakes of child sexual abuse

In the ultimate in tech bro manbaby id, Musk is blaming the USERS for his failure to stop child sex abuse

Like a gun company suing a gun owner for using the gun used in murder - gun terms of service!

Dimon urges calm over fear about AI's impact on jobs: 'Stop being breathless over it'

AI isn’t the problem, your breathless fear is

Robotaxis Are Turning Passengers Into Horrible and Entitled Menaces to Society

It’s not the service, it’s the user…

Meta CTO Says He'd Like to Sue Leakers, Then Audio From That Same Meeting Leaks

It’s not what I said that’s the problem, it’s that you told someone

Peter Thiel and other tech billionaires are publicly shielding their children from the products that made t...