AI's Billion-Dollar Boom: A Technological Gold Rush Reshaping Industries and Careers.

"Every act is either a step forward or a step backward." —Epictetus

⚡ Tech News

• A.I. Researchers Are Negotiating $250 Million Pay Packages. Just Like N.B.A. Stars. - The New York Times
• AI Is Coming for the Consultants. Inside McKinsey, ‘This Is Existential.’ - WSJ - The Wall Street Journal
• Billionaires Are Buying a Popular AI Index Fund That Could Turn $500 Per Month Into $432,300 - Yahoo Finance
• Blue-collar revenge: The things AI can't do are making a comeback - Axios
• Meta dishes out $250M to lure 24-year-old AI whiz kid: ‘We have reached the climax of ‘Revenge of the Nerds’ - New York Post
• Research: The Hidden Penalty of Using AI at Work - Harvard Business Review
• Huione's $24 Billion Hub for Cybercrime Is an 'Amazon' for Criminals - Bloomberg.com
• Mark Zuckerberg meets 24-year-old AI researcher who rejected Meta's $125 million job offer, and then ... - Times of India
• Painters, nursing assistants, and more: Microsoft's top 10 most AI-safe careers - CNBC
• Big tech has spent $155bn on AI this year. It’s about to spend hundreds of billions more - The Guardian
• Bill Gates says AI is moving at a speed that "surprises" even him—and he says the experts can't tell if it'll replace humans in one year or ten - Fortune
• EU begins rollout of new AI rules with tech giants split on compliance - RFI
• Big Tech’s $400 Billion AI Spending Spree Just Got Wall Street’s Blessing - WSJ - The Wall Street Journal
• Khan Points to Figma IPO as Vindication for MA Scrutiny - Techcrunch.com
• Big Tech Hiring in India Despite Local Downsizing - Economictimes.indiatimes.com
• Meta's Zuckerberg's AI Recruiting Fail - Wsj.com
• Human-AI Relationships: Love and Nomi - Cnbc.com
• Online news publishers face 'extinction-level event' from Google's AI-powered search - NPR
• Have we hit ‘Peak AI’? Microsoft, Amazon, and a pivotal week for Seattle tech - GeekWire
• Figma IPO Surprise: Winner Marin Community Foundation and its History of Legal Fights - Fortune.com

📈 Market News

• The Stock Market Is Good, Bad and Ugly, Often in Quick Succession - The New York Times
• S&P 500: $6,238.01 (-1.60%)
• Nikkei: ¥40,799.60 (-0.66%)