AI bubble heads and doomers seize on Sam Altman's remark that AI costs are a 'huge issue' for some companies
Sam Altman talked said that AI costs have recently become a "huge issue." It brought out the AI skeptics on social media.
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Sam Altman talked said that AI costs have recently become a "huge issue." It brought out the AI skeptics on social media.
AI overtook market and economic conditions as the leading reason companies cited for cutting jobs in May, according to the most recent report from Challenger, Gray and Christmas.
Welcome to the era of the big three. Weโre not talking rappers here โ although according to Kendrick Lamar, itโs โjust big meโ โ weโre talking AI companies: Anthropic, SpaceX, and OpenAI. These three leading artificial intelligence companies are all expected to go public this year. Elon Muskโs SpaceX, which recently acquired another Musk company, [โฆ]
At the recent summit in Beijing, President Donald Trump and Chinese President Xi Jinping put artificial intelligence on the agenda. Treasury Secretary Scott Bessent emphasized the leadersโ focus on AI guardrails that balance โโ the most innovation and the highest level of safety.โ The strategic question for the United States now is whether we will rely [โฆ]
โBackroomsโ director Kane Parsons recently sounded off on AI in filmmaking during a recent interview with The Australian. The 20-year-old filmmaker said that he was โin the same boat as most well-adjusted people,โ and does not want to see the technology take over Hollywood. โIf I could snap my fingers and make generative AI disappear [โฆ]
Latest revenue figures lack meaningful upside after the stockโs sharp recent rally.
Some quantum computing companies we've covered have done recent progress updates.
Sam Altman said AI budgeting has recently become a "huge issue" for some companies, something that "never came up" earlier this year.
PlayStation used its most recent State of Play showcase to make it clear where its focus is. After a series of costly live-service stumbles, it's getting back to focusing on premium, narrative-driven, single-player games. That statement was made clear with how it started and ended the hourlong show. The showcase began with an extended look [โฆ]
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This sponsored article is brought to you by Black & Veatch. The biggest challenge facing utilities today isnโt what it seems. Itโs not demand, even as load growth accelerates. Itโs not extreme weather, even as โmajor eventsโ become routine. Itโs not cybersecurity, even as connections expand across the grid. The real challenge is this: Distribution systems were designed for a different reality. Long gone are the days of predictable demand, one-way power flow and isolated disruptions. At Black & Veatch, we see that leading utilities are no longer debating whether to modernize. Theyโre deciding how quickly they can do it, and how to do it at scale. Across grid modernization programs globally, three truths consistently emerge. They define what it takes to prepare the distribution system for whatโs next: 1. Outage response is not a resilience strategy Resilience is being redefined in real time. A strategy centered on mobilizing crews and restoring service as quickly as possible is reactive, and increasingly insufficient. Resilience has to shift upstream into integrated system design. That starts with hardening. Stronger poles, undergrounding and structural upgrades all have a role, particularly in high-risk corridors. Weโre also seeing meaningful gains from how the network is configured and how quickly it can respond without waiting on manual intervention. This is where distribution automation programs can change outcomes. Strategically placed reclosers, automated switches and fault indicators help contain disruptions before they spread. When combined with feeder reconfiguration and updated protection strategies, distribution automation investments allow utilities to set more aggressive recovery targets and achieve measurable reductions in outage duration and customer impact. 2. Future-readiness depends on DERs at scale Forecasting is less and less reliable. Only 19 percent of utilities report strong confidence in their ability to predict future load growth, according to the Black & Veatch 2025 Electric Report. Distributed Energy Resources (DERs) like solar, storage, EVs and behind-the-meter generation are exciting solutions; but they fundamentally change how the system operates. Power is no longer just delivered. Itโs injected, stored and redirected in ways the system was never designed to manage. At scale, these challenges show up quickly โ particularly on feeders where distributed generation is approaching or exceeding hosting capacity. Protection coordination becomes more difficult when fault current comes from multiple directions. Voltage becomes less predictable as generation fluctuates throughout the day. And planning models must now account for highly variable, location-specific behavior. Distribution modernization is fundamentally changing how the system is designed and operated so it can absorb disruption, manage bi-directional flows and respond in real time. Adapting to bi-directional power flow requires more than incremental updates. Leading utilities are responding by building flexibility into the system, moving beyond static assumptions toward dynamic hosting capacity and interconnection studies, planning that incorporates DER, EV adoption and localized load growth, and infrastructure aligned with the communications and control needed to manage it. 3. The edge must be intelligent, visible and secure As system stress and complexity increase, utilities need far greater visibility and control over the network. Historically, utilities relied on customer calls, Supervisory Control and Data Acquisition (SCADA) at the substation level and field crews to understand what was happening on the system. That model doesnโt hold up. You canโt effectively manage a system you canโt see. Plus, the most critical events are increasingly happening beyond the substation โ on feeders, laterals, and at the edge where DER and customer behavior are interacting with the grid. Grid-edge technologies have become essential. Sensors, Advanced Metering Infrastructure (AMI) and automated switching provide the raw data and control needed to move from reactive to proactive operations. In more advanced deployments, utilities are creating centralized control environments that allow operators to see and manage the distribution system in near real time. That capability is enabled by: Advanced communications networks to form the backbone of real-time grid visibility Distribution Management System (DMS) and Outage Management System (OMS) to enable faster, more coordinated system response Analytics, AI and machine learning to improve situational awareness, anticipate system conditions, and support operational decision-making The same connectivity enabling this real-time visibility and control also introduces new vulnerabilities, blurring the line between physical and cyber risk, yet many utilities manage them separately. Only 22 percent have unified teams in place, even as threats continue to rise, including a 50 percent increase in substation attacks and growing exposure to malware and ransomware, according to the Black & Veatch 2025 Electric Report. Cybersecurity and resilient network design must be embedded into the architecture from the outsetโnot layered on after the fact. See what bolder vision looks like Distribution modernization is fundamentally changing how the system is designed and operated so it can absorb disruption, manage bi-directional flows and respond in real time. To learn about a successful program, check out Georgia Powerโs recent grid modernization program. Black & Veatch partnered with the utility on large-scale infrastructure upgrades. The results? Outages are down 76 percent, restoration times have improved by more than 80 percent and communities across Georgia are powered by a grid built to meet the future head-on. When the state faced the most destructive storm in the companyโs history, Hurricane Helene, Georgia Power deployed a rapid response team that utilized its โsmart gridโ and restored power to more than 1 million customers within days. A grid built to meet the future head-onโthatโs the result of bolder vision.
Microsoft announced a bunch of new in-house AI models at Build 2026, including a new "flagship" model: MAI-Thinking-1. It's an ambitious step into model development for Microsoft, which introduced its initial in-house models last year - before then, it had relied on OpenAI's models. The two companies recently renegotiated their deal to loosen ties. According [โฆ]
Syeda Irtizaali, Netflixโs recently appointed U.K. director of unscripted, told an audience at SXSW London on Tuesday she doesnโt want to use AI in unscripted television. Describing Netflix as a โtech-forward company,โ she said that she was โvery relaxed about people using AI as a tool to bring ideas in,โ describing AI as a โreally [โฆ]
Two recent reports, including one from a โhigher authorityโ in the Vatican, may help shape the ongoing struggle for publishers against unauthorized use of their content.
Microsoft is kicking off its yearly Build developer conference in San Francisco today, sandwiched between the recent Google I/O and Apple's upcoming WWDC event. While tickets to attend Build in person are sold out, the conference is being streamed for free online, with CEO Satya Nadella opening with a keynote at 12:30PM ET / 9:30AM [โฆ]
We wanted to show you what happens after the confetti falls. We checked in with some of our recent alumni, many of whom have sat down with us on Build Mode: The Founder Survival Guide, TechCrunch's podcast for founders at every stage.
The FBI recently took out a massive internet scam network, arresting over 300 people, freeing over 2,000 people from human trafficking, and seizing over $8 billion in cryptocurrency. The FBI said last week that it primarily focused on taking down what it calls โscam compoundsโ in Asia, Africa, and the Middle East. The scam compounds ...
Ponzi schemes continue to thriveโeven in crypto. Learn key lessons and warning signs from recent convictions to protect your investments.
Research from the New York Fed finds that younger college graduates have been sidelined by remote work in recent years, as companies may be reluctant to hire those needing more training and mentoring.
Sen. Bernie Sanders (I-VT) has stumbled upon another horrific enemy that will destroy the working class unless it is stopped. He recently posted the following on X. โJeff Bezos is seeking $100 billion to put robots into factories. Millions of manufacturing jobs โ GONE. Driverless vehicle companies are expanding rapidly. Millions of transportation jobs โ [โฆ]