The AI spending spree hit a new gear
Two stories defined the AI landscape this week — and neither paints a comfortable picture.
Meta committed $27B to AI infrastructure in one of the largest deals in tech history, then announced 16,000 layoffs to pay for it. The stock went up. Meanwhile, the first lifelike political deepfake hit the midterms: an 85-second AI-generated impersonation of a Senate can...
As AI investments surge, the human costs are becoming increasingly apparent. Meta's massive investment in AI infrastructure, while promising in terms of technological advancement, comes at a heavy price of job losses for thousands of employees. The political sphere, too, is grappling with AI's impact, as deepfakes graduate from hypothetical threats to campaign reality. Nobel laureate Daron Acemoglu has warned that the labor-replacement model of AI poses dire consequences for democracy. The debat...
