In other news, meme stocks like GameStop and AMC Entertainment continue to rally, and the head of Citi's fastest-growing wealth business is leaving. In the tech world, the CEO of Amazon Web Services is stepping down, mental health startups could face a reckoning, and a co-founder of OpenAI is leaving the company. In business, Peloton is struggling, blue-collar jobs are booming, and Nielsen's new tracking method shows that legacy TV companies are still drawing viewers.
Key takeaways:
- Google's I/O developer conference highlighted the rise of AI agents, with CEO Sundar Pichai stating that these agents can "think multiple steps ahead and work across software and systems all to get something done on your behalf and most importantly, with your supervision."
- Google's AI ambitions require users to allow the tech giant into their lives in a significant way, which could raise privacy concerns as AI agents need access to various aspects of our lives to be intuitive.
- Despite the potential privacy issues, Google's demonstrations at the event suggest it could be on the verge of creating a killer AI app that grabs consumers' attention.
- Other news includes meme stocks continuing their rallies, the head of Citi's fastest-growing wealth business leaving, and the Amazon Web Services CEO stepping down.