Bending Spoons, the Italian software company that has bought up a range of other digital businesses like Evernote, MeetUp, WeTransfer, and soon Vimeo, announced plans to purchase AOL from Yahoo after securing a $2.8 billion debt financing package. Over the past couple of decades, AOL has been passed from company to company, merging with Time Warner in 2001 before getting spun off and sold to Verizon in 2015 for $4.4 billion.
Mark Zuckerberg's Meta is spending untold billions on infrastructure and top talent for its AI ambitions. In fact, the CEO announced during the company's earnings call on Wednesday, Meta will be spending between $70 billion and $72 billion on AI this year - up from its previous estimate of $66 billion to $72 billion, as CNBC reports. Unsurprisingly, that cash bonfire isn't going over well with investors.
President Trump had planned an operation to "surge" San Francisco by marching National Guard troops into the city, but was convinced to alter course, he said on a post on his social network Truth Social on Thursday. Nvidia's Jensen Huang and Salesforce CEO Marc Benioff were among the tech industry's luminaries who called him and convinced him to change his mind, the post said. San Francisco mayor Daniel Lurie confirmed in a statement that the military operation had been planned and called off, although he didn't name names as to who had conversations with the President.
The new legal drama TV series "Cupertino" was just announced as part of CBS's 2026-2027 season, as reported by entertainment trade publications Wednesday morning. The show, from Robert and Michelle King of "The Good Wife" and "The Good Fight" fame, is set to star Mike Colter ("Luke Cage," "Evil") as a lawyer whose tech startup employer cheats him out of his stock options.
In remarks to Catholic newspaper Crux in July, which were published over the weekend, the Pope reflected on the "continuously wider gap between the income levels of the working class and the money that the wealthiest receive." "Yesterday [there was] the news that Elon Musk is going to be the first trillionaire in the world," he told the newspaper. "What does that mean, and what's that about?"
Though Meta, Amazon, Microsoft, Google, and Tesla are expected to have spent some $560 billion on AI development by the beginning of next year, their collective revenue from AI comes in at a paltry $35 billion. In the first half of 2025, the Atlantic notes, business spending on AI added more to GDP growth in the United States than all consumer spending combined.
Taylor noted that while the dot-com bubble is often viewed through the lens of its failures, significant value and major tech success stories also emerged from that era. He stated, 'If you say dot-com, people come back with failures.' He emphasized that examining the current value in the S&P 500 showcases how warranted much of the hype truly was.
"While the one-third probability of getting picked in the lottery remains the same since I applied in 2017, the job market when I graduated felt better."
Elon Musk envisions a future where AI takes all our jobs, leading to a 'universal high income' that allows access to an abundance of goods and services.
Tech clients often seek to look presentable without drawing attention. They prefer upgrades to classic attire, like knit tees and raw denim, to achieve a polished yet understated appearance.
