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LATEST

Fidelity warns IRA trusts face surprisingly steep taxes●Crypto wallet provider SafePal discloses data breach affecting nearly 40,000 users' order information●Bruce Rockowitz on Why AI Is Reshaping Hong Kong’s Food Economy●Gemini 3.7 Flash Review: Google's Cheap Model Isn’t Dumb Anymore●Crypto investors are looking past market-cap rankings and back to fundamentals●Bending Spoons Beats on Earnings in Its Public Market Debut Quarter. Investors Focus on the Fine Print Instead●Crocs CEO Andrew Rees Sells 30,000 Shares for $4.2 Million -- Do Investors Need to Take Notice?●Workday Has Its Best Day in a Decade on Report of a Potential $43 Billion Buyout●Fidelity warns IRA trusts face surprisingly steep taxes●Crypto wallet provider SafePal discloses data breach affecting nearly 40,000 users' order information●Bruce Rockowitz on Why AI Is Reshaping Hong Kong’s Food Economy●Gemini 3.7 Flash Review: Google's Cheap Model Isn’t Dumb Anymore●Crypto investors are looking past market-cap rankings and back to fundamentals●Bending Spoons Beats on Earnings in Its Public Market Debut Quarter. Investors Focus on the Fine Print Instead●Crocs CEO Andrew Rees Sells 30,000 Shares for $4.2 Million -- Do Investors Need to Take Notice?●Workday Has Its Best Day in a Decade on Report of a Potential $43 Billion Buyout●

Commodities

The Trillion-Dollar Problem at the Heart of the AI Boom

Oilprice.com · 1h ago

The Trillion-Dollar Problem at the Heart of the AI Boom

Take your pick of alarmist projections about the future of the global economy from top tech leaders. Monzo’s founder, Tom Blomfield, reckons unemployment will surge over the next five years as more and more human output is replaced by AI. Elon Musk reckons it will be near 100 per cent in a decade. But projections are one thing. What is actually happening on the ground right now? I’ve been sent some fascinating data on AI spend by Capital on Tap, one of the UK’s biggest SME lenders. The firm tracks spending patterns among…

Read the full story at Oilprice.com →

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