#business

What this server has with the tag: posts by people here, and posts from elsewhere that reached it. There's more of it on follow.coryd.dev, newsie.social, universeodon.com.

Cory Dransfeldt :demi:@cory@follow.coryd.dev

📖 The Cult of We by Maureen Farrell, Eliot Brown (★★★★☆)

The definitive story of the rise and fall of WeWork (also depicted in the upcoming Apple TV+ series WeCrashed, starring Jared Leto and Anne Hathaway), by the real-life journalists whose Wall Street Journal reporting rocked the company and exposed a financial system drunk on the elixir of Silicon Valley innovation. WeWork would be worth $10...

coryd.dev/reading/books/978059

Cory DransfeldtThe Cult of We • Cory DransfeldtThe definitive story of the rise and fall of WeWork (also depicted in the upcoming Apple TV+ series WeCrashed, starring Jared Leto and Anne Hathaway), by the real-life journalists whose Wall Street Journal reporting rocked…
Cory Dransfeldt :demi:@cory@follow.coryd.dev

📖 Hyperscale by Paris Marx (★★★★★)

An eye-opening account of how the data center boom is pushing our planet past its breaking point Underlying our seamless access to AI, cryptocurrency, and unlimited cloud storage is a hulking, costly physical infrastructure. Massive data centers full of energy-hungry chips and processors power everything we do online. Scrambling to meet dubious market demand, the tech...

coryd.dev/reading/books/978180

Cory DransfeldtHyperscale • Cory DransfeldtAn eye-opening account of how the data center boom is pushing our planet past its breaking point Underlying our seamless access to AI, cryptocurrency, and unlimited cloud storage is a hulking, costly physical infrastructure…
Zhi Zhu 🕸️@ZhiZhu@newsie.social

"Despite massive investments & widespread hype around , the technology has delivered zero financial payoff to corporate America outside of tech...

there are still no signs of AI boosting productivity growth... With no impact on the bottom line, mainstream corporate America is pulling back & starting to view token spending not as a source of growth but as a cost center that weighs on margins."
apollo.com/wealth/insights-new

ht: @pluralistic

Headline on left, and text from article on right. Headline: Macroeconomic Indicators & Trends October 24, 2026 No Signs of AI Payoff Outside the Tech Sector by Torsten Slok Partner, Chief Economist Text: Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech. Revenue per worker is rising for the Mag 7 but is flat for the S&P 493, see the first chart below. Profit margins are rising for the Mag 7 but are flat for the S&P 493, see the second chart below. And there are still no signs of AI boosting productivity growth, see the third chart below. With no impact on the bottom line, mainstream corporate America is pulling back and starting to view token spending not as a source of growth but as a cost center that weighs on margins. VC-backed companies are spending more and more on tokens, but mainstream corporate America does not need the latest model and is unwilling to pay for it. As long as agentic AI and token spending are confined to a small part of the economy, the macroeconomic effects of AI will be very limited, see the fourth and fifth charts below. The question looking ahead is whether, even as models become commoditized, mainstream corporate America can turn increasingly cheap intelligence into higher revenue growth and higher profit margins. That may be harder than it sounds. AI may be a great calculator, but in business, intelligence is mostly judgme
Holly@HollyCo26588808@universeodon.com

A US appeals court upheld a ruling that AI legal research company Ross Intelligence had broken copyright law by training its legal search engine on proprietary data harvested by their bots, a ruling which presages doom for all AI programs

futurism.com/artificial-intell

FuturismCourt Finds That Using Copyrighted Material as AI Training Data Is Not Fair UseA US appeals court upheld a ruling that AI legal research company Ross Intelligence's training of its AI model didn't amount to "fair use."