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Regulators keep warning that AI markets are about to be captured by Big Tech. The awkward fact is that AI markets keep refusing to cooperate. Several years into the generative-AI boom, the sector still looks less like a coronation than a street fight: OpenAI, Google, Meta, Amazon, Anthropic, Perplexity, Mistral, xAI, and others are battling … Don’t Freeze the AI Race at the Starting Line
The local news business has spent the past two decades being “saved” by people who mostly seem to want it embalmed. Every new shift in how Americans consume information—websites, social feeds, newsletters, podcasts, short-form video, artificial-intelligence summaries—gets treated less like evidence of adaptation than proof that civilization will soon forget how school-board meetings work. That … The Future of News and Its Frenemies
The “reverse Robin Hood” hypothesis is back, wearing a fresh econometric hat and carrying a very large number. The claim is familiar: credit card rewards programs let affluent cardholders pick the pockets of poorer consumers who pay with cash or debit. The new estimate is punchier. In a recent working paper, a group of academics … Robin Hood Carries a Credit Card
