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  • AI Costs More Than The People It Replaced

    07/03/2026 12:13:46 PM PDT · by george76 · 59 replies
    Forbes ^ | Jul 02, 2026, | Dr Jemma Green
    The tech industry faces a paradoxical crisis: companies are shedding human jobs to invest in AI tools that are currently more costly than the workers they replace. Major players like Uber and Microsoft report exorbitant AI spending, with budgets exhausted rapidly and little correlation to tangible value. This "tokenmaxxing" culture, where AI usage is incentivized over actual productivity, fuels massive waste. Despite widespread layoffs justified by AI reallocation, studies indicate AI is economically viable in only a fraction of roles. The unsustainable model of subsidized AI pricing is unwinding, forcing a market correction. The industry must now shift from indiscriminate...
  • U.S. economy grows by 4.3% in third quarter, much more than expected, delayed report shows

    12/23/2025 5:56:34 AM PST · by Polanski · 68 replies
    The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. GDP expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. Economists polled by Dow Jones expect a gain of 3.2%. Consumer spending expanded by 3.5% in the third quarter after rising 2.5% in the second quarter.