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Big Tech’s AI arms race is fueling a massive investment surge in data centers with construction worker labor valued at a premium. Despite some concerns of an AI bubble, data center hyperscalers like Google, Amazon, and Meta continue to invest heavily into AI infrastructure. In effect, construction workers’ salaries are being inflated to satisfy a … Read more
The logo of multinational tech company Foxconn (also known as Hon Hai), which is a major manufacturer for Apple products, in Taipei, Taiwan, on April 16, 2025. Anadolu | Anadolu | Getty Images Foxconn, a key Nvidia partner in its artificial intelligence buildout, saw its revenue spike 26% year-on-year in November, as demand for servers … Read more
Welcome to Eye on AI, with AI reporter Sharon Goldman. In this edition, a new startup is tackling AI impersonation…legal AI startup Harvey raised $160 million at an $8 billion valuation…VC ‘kingmaking’ is happening earlier than ever with AI startups…Why AI writes like that…Microsoft lowers sales staff’s growth targets for newer AI software. A year … Read more
The AI boom is proving to be a windfall for construction workers building the massive data centers that power it all. According to The WSJ, workers moving into data-center construction are seeing pay jumps of 25% to 30% compared to their previous jobs — and in some cases, much more. Among them is DeMond Chambliss, … Read more
Wall Street has overlooked a class of stocks that typically outperforms the market but is currently offering the best bargain in nearly 30 years, according to Ruchir Sharma, chair of Rockefeller International. In a Financial Times column on Sunday, the market veteran said investors have thrown up their hands amid the ongoing debate about whether … Read more
Carly Xie looks over facial mask items at the Face Shop, which specializes in Korean cosmetics, in San Francisco, April 15, 2015. Avila Gonzalez | San Francisco Chronicle | Hearst Newspapers | Getty Images On a recent Saturday at an Ulta Beauty store in midtown Manhattan, Denise McCarthy, a mother in her 40s, stood in … Read more
Vince Nguyen, a 39-year-old entrepreneur based in Vietnam, spends a few hundreds almost every month traveling to other countries to play pickleball. The sport, which began as a pastime after injuring himself in American football, has since become central to his lifestyle, as he plays it for two to four hours almost daily. Since he … Read more
The always-a-good-time Slush conference took place last week in Helsinki and, as always, it was a showcase of the growing power of the European ecosystem. The Nordics, specifically, are having a moment, led this time around by Sweden’s vibe coding darling Lovable, often regarded as an example of the ecosystem’s growing success. Other standout, albeit … Read more
Michael Burry has doubled down on his concerns of an AI bubble, drawing similarities between Cisco during the late ‘90’s dot-com crash and one key tech company today. In his first Substack post entitled “The Cardinal Sign of a Bubble: Supply-Side Gluttony” published on Sunday, Burry, who was made famous for his prescience on the … Read more
The stock market’s early rally fizzled by the afternoon, with the S&P 500 swinging from a nearly 2% gain to a slight selloff by midday. Nvidia, which initially jumped after reporting strong earnings, reversed 1% into the red along with the rest of the megacap AI trade. The broader market mood wasn’t helped by mixed … Read more
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