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AI & Enterprise

Billionaire Mark Cuban says fear on social media is more terrifying than AI itself

Billionaire Mark Cuban (마크 큐반) said he sees human reactions around artificial intelligence as a bigger threat than AI itself. He said people acting on information from social media could be more dangerous than groups of AI agents. He also said he worries more about how humans respond to AI than the technology’s actual risks, and said it is impossible to stop AI development. He criticised social media algorithms for amplifying anti-AI sentiment.

AI & Enterprise

AI cannot replace all corporate work, economist says, citing costs

Steve Hanke, an applied economics professor at Johns Hopkins University, criticised optimism that AI will spread at near-zero cost and said it cannot replace all human jobs. He said AI requires large amounts of electricity, water and physical capital such as graphics chips. Big tech firms expect about $700 billion in combined capital spending this year for data centres. Hanke said AI’s impact will depend on how much scarce resources cost.

AI & Enterprise

Big Short\'s Michael Burry resumes Tesla short, targets Nvidia and semiconductor ETF

Investor Michael Burry, known as the real-life figure behind the film \'The Big Short\', disclosed a new short position in Tesla at $416.22 as part of a broader wager against what he called overheating in AI and semiconductors. He also listed shorts in Caterpillar, Nvidia, iShares Semiconductor ETF and Applied Materials. He did not disclose the size or structure of the Tesla position. Burry argued semiconductor valuations are at an extreme level.