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Data Sheet: There is no spoon

Nov 22, 2024 - fortune.com
The article discusses various aspects of the tech industry, including millennials' optimism about AI in the workplace, Alphabet's stock drop due to antitrust issues, and the potential risks and regulations of AI. It also mentions the planned IPO of Swedish fintech startup Klarna, which could prompt other fintech companies to go public. The Consumer Financial Protection Bureau has finalized a rule that will subject digital wallet providers to the same regulatory scrutiny as traditional banks.

In other news, Google has reportedly canceled the development of its next-generation Pixel Tablet due to profitability concerns. The article also mentions various other tech updates, including the resignation of Gary Gensler as SEC chair, OpenAI's consideration of making a web browser, and a crypto entrepreneur spending $6 billion on a banana.

Key takeaways:

  • According to a recent survey, a majority of millennials believe that AI improves decision-making, reduces stress, and enhances creativity at work, while only 1 in 5 members of Gen X and Gen Z share the same belief.
  • Shares of Google-parent Alphabet dropped by 6% after the Justice Department proposed antitrust remedies that could significantly alter the company's business practices.
  • Dario Amodei, CEO of AI startup Anthropic, argues that the notion of AI being just "math, software, and chips" is misguided and that it should not be a basis for resisting regulation.
  • The Consumer Financial Protection Bureau has finalized a rule that will subject digital wallet providers like Venmo, Apple Wallet, and Google Pay to the same level of regulatory scrutiny as traditional banks.
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