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AI bubble watch: Business and AI leaders are getting nervous about a bubble, report says

Turns out everyone kind of thinks there's an AI bubble. According to a report from CNBC , top tech executives are worried about an AI bubble messing up their business. Like other infamous bubbles — the dot-com bubble, the cryptocurrency bubble, and the housing bubble of the 2000s — an AI bubble could cause massive disruption to the wider economy. A bubble occurs when the price of something rises above its actual value, typically because investors become overly excited. And investors have been very excited about AI. A recent report from Stanford University estimated that AI investment reached $109.1 billion in the U.S. in 2024. That's 12 times higher than China's investment and 24 times higher than the UK's investment. CNBC reported that Goldman Sachs’ David Solomon, Morgan Stanley’s Ted Pick, investor Michael Burry, and Picsart CEO Hovhannes Avoyan are all worried about a potential AI bubble. In fact, even some AI leaders are getting nervous. "I think the ...

OpenAI tests ChatGPT group chats. How to try it for yourself.

You can bring your group chat shenanigans to ChatGPT now. Well, some of you can. OpenAI announced in a company blog post that it's testing out group chats in ChatGPT. You can get as many as 20 people together to collaborate on projects and get ChatGPT's input. If you're trying to plan a dinner party, camping trip, or group-anything, you can now do that with the help of an AI companion. These chats will live separately from your regular ChatGPT conversations, and OpenAI promises that your private chats will not be shared with anyone in the group chats. SEE ALSO: 5 strategies to avoid ChatGPT dependency How to try OpenAI's new ChatGPT Group Chat You're probably wondering how to try this yourself. Well, we have bad news for anyone in the United States: It doesn't seem like you can, yet. This is a small-scale pilot program for users in Japan, New Zealand, South Korea, and Taiwan. Readers in the West will simply have to wait a while, it seems. OpenAI...

I test Kindles for a living. These are the only e-reader deals Id recommend shopping early.

When the big shopping events like Prime Day and Black Friday come around, our sights are set on our favorite tech. It's often the only time when they're guaranteed to get a discount. My favorite gadgets? Kindles . It's part of my job to test e-readers , but outside of work hours, you'll still find me and my Kindle attached at the hip. But the thing with Kindles is that they rarely go on sale. Sure, there's the occasional random discount throughout the year, but the best guaranteed price is almost always going to be during Prime Day or Black Friday. So as we look forward to Black Friday, which falls on Friday, Nov. 28, we're already hunting down the best Kindle deals. Already, I've found quite a few decent deals, but none so far on new Kindle devices. Instead, Amazon is discounting like-new, certified refurbished e-readers from the latest generation of Kindles. Plus, I've found deals on some of my favorite Kindle accessories . Keep checking back, as...

Apple suffers setback in UK App Store fee lawsuit

Apple will not be granted a preliminary option for appealing a landmark antitrust ruling in the UK. In October, the country's Competition Appeal Tribunal determined that Apple benefited from "near absolute market power" over app distribution and in-app payments and was "abusing its dominant position by charging excessive and unfair prices" as developer commission. At the time, Apple was reportedly planning to appeal, but today, the Tribunal refused to give the company permission to challenge its decision.  That means Apple's next recourse, if it wants to not pony up more than £1 billion in damages, is to take its case directly to the UK Court of Appeal. The company has requested 21 days to file any application with that judicial body.  It has been a busy year for Apple as it faces more regulatory pressure over its rules for the App Store and fees charged to mobile developers. Earlier today, Apple announced a new partner program that would halve the comm...

New AI assistant helps refugees new to the U.S.

Pitches for AI assistants that can help you send emails or craft pitch decks may be feeling stale, but what about one designed to help new immigrants navigate the U.S.? How about a digital helper that can connect someone to pressing social services or just help them feel supported in a foreign environment? That's what ALMA, a new virtual assistant designed by the nonprofit International Rescue Committee (IRC), is designed to do. ALMA , which stands for "AI for Life Mapping Assistance," was built in-house by multiple IRC teams and their clients, modeled after a digital learning tool known as aprendIA . It pulls from a vast library of IRC resources — standard client materials, staff training resources, and information offered by trusted external organizations — to provide specialized assistance to refugees, special immigrant visa holders, and others. SEE ALSO: Can AI help nonprofits do more with less? Most notably, ALMA is based on WhatsApp , one of the leading com...