Big Tech's AI boom echoes the 1870s railroad expansion, and Nvidia shifting risk to institutional capital may expose investors if revenues fail to materialize — On January 1, 1870, Jay Cooke, hailed as an American hero for his role in financing the Union effort in the Civil War …
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An NYC bill, backed by Mayor Zohran Mamdani, calls for Amazon, FedEx, and others to directly employ thousands of delivery workers; the bill could pass this fall — A New York City bill calls for the company to hire thousands of contract couriers. Amazon says the proposal will make delivery pricier and slower.
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xAI co-founder Igor Babuschkin's River AI raised $1B led by General Catalyst to build home or small business computer servers capable of running AI locally — Igor Babuschkin built a new start-up, River AI, and hopes to provide ways for people to “retrain,” or modify, artificial intelligence …
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How India's IT services sector, which employs 6M people, contributes ~7% of GDP, and generates $300B+ annually, is shedding jobs as AI automates formulaic work — It was around 1.30am by the time Rakesh, a 45-year-old Oracle employee in the Indian technology hub of Bengaluru …
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OpenAI is hiring a power-trading lead to manage commodity hedging across its expanding data center power portfolio, as tech companies seek reliable electricity — OpenAI is hiring a power-trading lead to help manage the expanding energy needs of the electricity-intensive data centers running its artificial intelligence models.
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