Tech
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The AI job apocalypse is ‘unhelpful marketing, bad economics and worse history,’ a16z says
The doomsday forecasts have been building for years: AI will hollow out the white-collar workforce, destroy entry-level jobs, and create a permanent underclass of technologically displaced workers. Now, one of Silicon Valley’s most influential firms has published a detailed rebuttal saying, basically, don’t believe the hype. In a new essay published Tuesday, Andreessen Horowitz General
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Stripe CEO Patrick Collison says a wave of token theft is wreaking havoc on the AI economy
The booming AI economy is spawning a new type of cybercrime. According to Patrick Collison, CEO of payment giant Stripe, crooks are defrauding AI firms by signing up for new accounts in order to steal tokens used to buy computing power. The problem has become so rampant, says Collison, that token thieves now account for
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Addiction, emotional distress, dread of dull tasks: AI models ‘seem to increasingly behave’ as though they’re sentient, worrying study shows
ChatGPT probably tells you that it’s “happy to help.” Claude apologizes when it makes mistakes. AI models push back when users try to manipulate them. Most people, including the engineers who build these systems, have dismissed this as performance, or simple mimicry of the internet it has scrapped. A new paper from the Center for
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Gusto’s path to $1 billion in revenue, milestone-by-milestone
After closing, a San Francisco flower market isn’t exactly idyllic. But in 2012, Eddie Kim and Tomer London, cofounders of HR software startup Gusto, were there to see Christina Stembel. The owner of Farmgirl Flowers, Stembel needed to hire her first employee and, accordingly, had to set up payroll for the first time. She’d been
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Meet Mark Stevens: The billionaire VC, Nvidia board member, and Giving Pledge signer who just donated $200 million to USC
As Big Tech competes to win the AI race, America’s top universities are also clamoring for the best resources to study and research the technology. And the University of Southern California just got a massive bet from one of the country’s most prominent venture capitalists to place them squarely in the competition. On Tuesday, USC
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ServiceNow just told Wall Street it’s going to double again. Here’s why $30 billion of revenue isn’t crazy
Bill McDermott has a habit of making promises that sound like boasts and then keeping them. When he took the helm of ServiceNow in 2019, the company was doing $3.5 billion in annual subscription revenue. This year, it will finish at nearly $16 billion. “We are printing a new ServiceNow every year,” he told reporters
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The ‘PayPal Mafia’ built a $1.5 billion fintech pioneer. The company they left behind is on life support
Nineteen years ago, in a Fortune cover storythat christened the group, the so-called “PayPal Mafia” gathered in San Francisco for a photo shoot. There were gold chains, tracksuits, Maker’s Mark, Sinatra singing through the Wurlitzer. Peter Thiel had a butler, Fortune’s Jeffrey O’Brien discovered—“holy cannoli”—while Max Levchin wore mismatched freebie shorts. Elon Musk skipped the
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Americans are busy getting angry and throwing a fit about AI while the Chinese use it to book travel, order food and hail rides
On a recent weekday, around 50 people gathered outside the headquarters of a Chinese mobile internet company, waiting to get help with installing an artificial intelligence assistant. The scene in Beijing, China’s capital, was repeated for days at several events and was also seen in the southern technology hub Shenzhen in March, as engineers helped
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Your company’s AI could delete everything in 9 seconds. ServiceNow wants to be the kill switch
It wasn’t a hypothetical. It wasn’t a cautionary tale from a decade ago. It happened recently at a real company: an AI agent gained elevated permissions and, in 9 seconds, deleted an entire production database—customer records, reservations, every backup. Gone. No attacker. No breach. Just an agent with too much access and no one watching.
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Jensen Huang on why ‘agentic’ will rewire a $50 trillion economy: ‘operated by robots, managed by more robots, and the entire factory is a robot’
Jensen Huang didn’t have to be in Las Vegas on Tuesday. He runs the most valuable publicly traded company in the world. His chips power virtually every major AI system on the planet. He could have sent a video. He could have sent a lieutenant. Instead, he walked onto the main stage at ServiceNow’s Knowledge