Artificial intelligence

Indicators

Don’t Blame AI for College-Grad Unemployment

Photo via Abaca Press/Douliery Olivier/Abaca/Sipa USA/Newscom

The Federal Reserve Bank of New York says remote work is a driving force behind the rise in unemployment among young college graduates.

1 min read

Photo via Ibanez-Picciarella/ZUMAPRESS/Newscom

Artificial Intelligence

As Anthropic Files for IPO, AI Savings Disappoint America’s C-Suites

40% of nearly 1,000 major companies surveyed by Bain & Company found cost reductions from AI use of just 10% or less.

2 min read
Photo via AdMedia/SIPA/Newscom

Indicators

Fresh Jobs Data May Help Fed Gauge How Much AI Strains US Labor Market

The US Bureau of Labor Statistics will be reporting May’s much-anticipated employment figures at the end of the week.

2 min read
Photo via Andrew Schwartz/SIPA/Newscom

Technology

Salesforce Delivers a SaaSpocalypse Reality Check

Salesforce points to record revenue of $11.1 billion and its own embrace of artificial intelligence to dispel SaaSpocalypse worries.

2 min read

Semiconductors

Huawei’s Chip Plans: Ambitious or Unrealistic?

Photo via LONG WEI/FEATURECHINA/Newscom

The Chinese company was blacklisted from receiving advanced semiconductor technology in 2019 over national-security concerns.

1 min read

Advisor Upside

Why Advisors Are Betting on AI Infrastructure Over Apps

Photo illustration by Connor Lin / The Daily Upside, Photo by Andrey Krav via iStock

Even legacy tech companies like Intel and Dell Technologies are riding the AI wave with major stock gains this year.

5 min read

Photo via Fan Peishen / Xinhua News Agency/Newscom

Enterprise AI

Corning Hits Record High After Signing Up AI Clients

Corning, the company that invented Pyrex, is commanding Wall Street’s attention as a supplier of fiber optics for AI.

1 min read
Photo via Tom Williams/CQ Roll Call/Newscom

Big Tech

Meta Lags Rival Hyperscalers as Investors Grow Wary of Surging CapEx

Meta is planning a spending spree later in this year, raising its expected annual capital expenditures from $115 billion to $135 billion.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Alptraum via iStock

Energy

Sweating It Out: Data Centers Plus Summer Heat Raises Power Bills, Blackout Risk

The US electrical grid isn’t ready for the double whammy of peak air conditioner usage and peak data center power needs. What happens now?

4 min read

Industrials

Cruel Summer Proves Kind to Madison Air in Largest Industrial IPO of 2000s

Photo via April Aire

Madison Air makes climate-control products for both homes and businesses, including brands such as AprilAire and Nortek Data Center Cooling.

1 min read

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