100 million jobs could be wiped out from the U.S. alone thanks to AI, warns Senator Bernie Sanders

California's new AI law, championed by Governor Gavin Newsom, has made significant changes by removing the controversial 'kill switch' while implementing essential guardrails for users and companies. This legislation is crucial as it aims to foster innovation in artificial intelligence while ensuring safety and accountability, striking a balance that could serve as a model for other states.

Deloitte has come under fire for incorporating AI into a $290,000 report aimed at assisting the Australian government in welfare enforcement. A researcher pointed out that the AI produced misleading information, raising concerns about the reliability of the findings. While Deloitte claims that these updates do not affect the report's conclusions, the incident highlights the potential pitfalls of using AI in critical government assessments, prompting discussions about accountability and the integrity of such reports.

Ciena has successfully acquired Nubis Communications, a move that significantly enhances its capabilities in AI interconnects. This acquisition is important as it positions Ciena to better meet the growing demand for advanced networking solutions, particularly in the realm of artificial intelligence. By integrating Nubis's technology, Ciena aims to provide more efficient and innovative services to its customers, ultimately driving growth and competitiveness in the tech industry.

Google AI Plus is making waves by expanding its services to 36 more countries, enhancing accessibility to cutting-edge technology. This expansion not only signifies Google's commitment to global innovation but also opens up new opportunities for businesses and individuals in these regions to leverage AI for various applications. It's an exciting development that showcases the growing importance of artificial intelligence in our daily lives.

Federal Reserve official Neel Kashkari expressed skepticism about the idea that artificial intelligence will replace workers. Instead, he suggested that AI could lead to increased interest rates as the economy adjusts to technological changes. This perspective is significant as it highlights the ongoing debate about the impact of AI on employment and economic policy, emphasizing the need for careful consideration of how these advancements will shape the labor market.

Oracle's stock has taken a hit due to concerns over profit margins related to its AI initiatives, despite Mizuho maintaining an 'Outperform' rating for the company. This decline highlights the challenges Oracle faces in balancing innovation with profitability, which is crucial for investor confidence. As AI continues to be a significant focus in the tech industry, how Oracle navigates these financial pressures could impact its market position and future growth.

Jony Ive, the legendary designer behind many iconic Apple products, is on a mission to improve our relationship with technology. He believes that the new wave of AI-first devices, including up to 20 different gadgets from OpenAI, can bring more joy and reduce anxiety in our daily lives. This initiative is significant as it addresses the growing concerns about the impact of technology on mental health, aiming to create a more positive interaction between users and their devices.

Oracle NetSuite has launched its new AI-powered platform, NetSuite Next, which aims to enhance business operations through advanced technology. This innovative platform is designed to streamline processes and improve decision-making for companies, making it a significant development in the realm of enterprise resource planning. The introduction of AI capabilities is expected to provide users with smarter insights and automation, ultimately driving efficiency and growth in various industries.

NetSuite has announced an expansion of its SuiteCloud platform, introducing new AI capabilities that enhance its cloud computing services. This development is significant as it positions NetSuite at the forefront of technological innovation, allowing businesses to leverage advanced AI tools for improved efficiency and decision-making. The integration of AI into their platform not only streamlines operations but also empowers users with smarter insights, making it a noteworthy advancement in the software industry.

Shutterstock has launched a new suite of AI services specifically designed for model builders, marking a significant advancement in the integration of artificial intelligence in creative industries. This initiative not only enhances the tools available for creators but also reflects Shutterstock's commitment to innovation and supporting the evolving needs of its users. By providing these AI-driven solutions, Shutterstock aims to empower model builders to streamline their workflows and enhance their creative processes, making it a noteworthy development in the tech landscape.

Dell has announced an increase in its growth targets for the next four years, driven by a surge in demand for AI servers. This is significant as it highlights the company's confidence in the booming AI market and its ability to capitalize on emerging technologies. As businesses increasingly adopt AI solutions, Dell's strategic focus on this sector positions it well for future success and innovation.

Oxford Economics has raised concerns that the U.S. economy might be flirting with a recession if tech investments begin to slow down. This is particularly significant as a decline in enthusiasm for AI could also impact global GDP. The warning highlights the delicate balance the economy is currently in, drawing comparisons to the dot-com bubble era, but suggesting that the current risks are not as severe. Understanding these dynamics is crucial for investors and policymakers alike, as they navigate potential economic challenges ahead.

KPMG's new Chair and CEO, Tim Walsh, highlights that US CEOs are primarily focused on navigating the complexities of the supply chain, particularly due to fluctuating tariffs. With the help of AI, executives are better equipped to analyze these changes, which can occur monthly. Additionally, cybersecurity remains a critical concern for leaders in the business world. This insight is crucial as it reflects the ongoing challenges and priorities that shape the corporate landscape.

The recent launch of A.I. companion ads for friend.com in the NYC subway has sparked significant backlash, leading to instances of vandalism. Many commuters are expressing their discontent with the intrusive nature of these advertisements, which some feel detract from the subway experience. This situation highlights the ongoing tension between innovative advertising strategies and public sentiment, raising questions about the appropriateness of such campaigns in public spaces.

Ali Kashani, the CEO of Serve Robotics, has sold nearly $195,000 worth of stock in the company. This transaction is significant as it reflects the ongoing financial activities within the tech sector, particularly in robotics, which is gaining traction. Such sales can indicate various factors, including personal financial planning or confidence in the company's future.

Parang, the director of Serve Robotics, has sold $73,581 worth of stock. This transaction is noteworthy as it reflects the director's financial decisions and could indicate confidence or strategy regarding the company's future. Such sales can impact investor perceptions and market dynamics, making it an important event for stakeholders.

In a recent statement, former President Trump indicated that furloughed federal workers might not receive back pay following a government shutdown. This news is concerning for many employees who rely on their salaries, especially during uncertain economic times. The potential lack of compensation raises questions about the government's commitment to its workforce and could lead to increased financial strain for affected families.

In a significant move for the agricultural sector, President Trump is set to unveil a new aid package for farmers as China continues to shun U.S. crops. This initiative is crucial as it aims to support American farmers facing economic challenges due to trade tensions. By providing financial assistance, the government hopes to stabilize the farming industry and ensure food security, which is vital for both the economy and consumers.