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11.08.26 - 23:06
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The Guardian view on AI money in US politics: not the way to hold an urgent democratic debate | Editorial (The Guardian)
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Amid public concern over the impact of new technology, Silicon Valley's use of its wealth to influence specific election races is an unwelcome developmentAs the huge societal ramifications of artificial intelligence have become clear, some of the tech industry's most senior figures have taken to writing thinkpieces on what comes next. The latest to do so is Mark Zuckerberg, who this week published 6,500 words making the case for a laissez-faire approach to AI development. Worrying too much about regulation, Meta's CEO unsurprisingly opines, could lead to the United States falling behind in the race to own the future.Mr Zuckerberg's plea for maximum autonomy is, of course, self-serving. Much of his essay – which airily envisions “invention superpowers” for every entrepreneur and “an abundance of jobs in the future” – reads like unadulterated tech-utopianism. But the lobbying at least has the merit of being out there in the open. As midterm elections loom in the US, darker arts are also bein...
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11.08.26 - 16:06
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IBM’s CEO Just Did the Math on AI Spending — and the Numbers Don’t Add Up (24/7 Wall St.)
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Big Tech is about to spend $725 billion on AI infrastructure in 2026 alone — Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), and Meta Platforms (NASDAQ:META) combined, up 77% from $410 billion just last year. That kind of spending has become the defining feature of this market cycle, and most bubble warnings focus on the usual ... IBM's CEO Just Did the Math on AI Spending — and the Numbers Don't Add Up...
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