Boeldt believes government regulation is the only way to truly force companies to ensure the safety of their users online. “These companies aren’t held to a certain standard” that would stop children from accessing their platforms—not least of all, something these companies “benefit from with kids on their platform. More people, more ads.”
Goldman agreed with Slok at least that the vibes are pretty freaked out, titling its report “AI-nxiety,” and highlighting how corporate chatter has far outpaced tangible implementation. A record 70% of S&P 500 management teams discussed AI on their quarterly calls, with 54% specifically framing the technology around productivity and efficiency. Yet when it came to providing hard numbers, the narrative faltered, lending support to the research of Wharton management professor Peter Cappelli, who has embedded with several firms attempting AI adoption and previously told Fortune that the productivity gains are real, but getting there is really hard work and quite expensive to implement.
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“If there are three of you in the group, a response, if only an emoji, is almost expected,” Wesson said. “In group of 50 or more it is practically a criminal offense.”
Fighting in the Middle East has begun disrupting energy exports from the region, and oil markets are responding. The U.S. benchmark, West Texas Intermediate crude, climbed about 6% on Monday to just over $71 a barrel.