Tag Archives: Technology

The $196 Billion Revolution: How Agentic A.I. Is Redefining Corporate Power

As traditional systems struggle to keep up, agentic A.I. is redrawing the lines of corporate advantage. Unsplash+

A Dutch insurance company quietly automated 90 percent of its automobile claims processing. A global logistics company revolutionized logistics management with A.I. that thinks three moves ahead. Nvidia’s security systems now detect and neutralize threats before human analysts even spot them. These aren’t experiments—they’re the new reality of business warfare, where the global agentic A.I. market is exploding toward $196.6 billion by 2034, riding a staggering 43.8 percent compound annual growth rate.

As competitors face problems with basic automation, those who have adopted A.I. have systems that plan, decide and work independently. In the next four years, there will be a huge shift in enterprise software; by 2028, 33 percent will feature agentic A.I., up from less than 1 percent in 2024. The companies mastering this technology today will dominate tomorrow’s markets.

The intelligence gap that’s reshaping industries

Forget everything you know about A.I. assistants. With agentic A.I., companies move away from reactive tools and get true business partners instead. They handle everything in real time, finding errors, suggesting resolutions and running complex activities without help.

Two-thirds of executives using agentic A.I. report measurable productivity boosts, with nearly 60 percent achieving significant cost savings. But the true problems occur at a deeper level. According to Futurum Research, agent-based A.I. will drive up to $6 trillion in economic value by 2028, fundamentally rewiring how business gets done.

Real-world transformation in action

The evidence is already mounting across industries:

Financial Services: A.I. agents at JPMorgan Chase keep an eye on customer finances, find signs of fraudulent activity and instantly stop suspicious transactions. The result? Proactive protection that traditional rule-based systems could never match.

Enterprise IT: Jamf’s A.I. assistant “Caspernicus” operates directly in Slack, handling software requests for over 70 percent of employees. Staff no longer wait for engineering support—they get instant help through natural language requests, dramatically improving productivity across all departments.

Logistics and Supply Chain: A leading logistics player manages its logistics using intelligent A.I., looking at ongoing data on transport and inventory to improve deliveries without involving humans.

Cybersecurity: NVIDIA launched Agent Morpheus, an A.I. framework that uses real-time data processing to automatically detect threats and maintain security, moving from reactive to predictive protection.

The economics of autonomous intelligence

The economic implications cannot be overstated. In 2024, the agentic A.I. market in the U.S. reached $769.5 million, and it is predicted to grow at a rate of 43.6 percent per year until 2030. But raw market size tells only part of the story. According to MIT, using agentic A.I. to empower employees can make them 40 percent more efficient, and companies that use A.I. for customer experiences have had sales rise by up to 15 percent. The ROI calculations are compelling: 62 percent of polled executives expect returns above 100 percent from agentic A.I. adoption.

Enterprise leaders are responding with unprecedented investment. According to a SnapLogic survey, 79 percent of IT decision-makers plan to invest over $1 million in A.I. agents over the next year. The clear message: staying ahead in the market now depends on investing in technology.

The multi-agent enterprise: beyond single-point solutions

The next evolution is already emerging: networks of A.I. agents collaborating like digital teams. Consider the following scenario that reflects current deployments in leading companies.

A logistics agent detects a supply chain disruption. It instantly alerts procurement agents to source alternative suppliers while a finance agent rebalances cash flows to reflect the changes. Customer service agents proactively notify clients with updated timelines. No central system orchestrates this—the agents self-organize around business objectives.

Deloitte predicts that in 2025, 25 percent of companies using generative A.I. will launch agentic A.I. pilots, growing to 50 percent in 2027. The technology has moved from concept to deployment faster than any enterprise technology in recent memory.

Platform wars: the new competitive landscape

The competitive dynamics are already crystallizing. Over 400,000 A.I. agents were built using Microsoft’s Copilot Studio in the previous quarter, which over 160,000 organizations have adopted. Salesforce, IBM, Google and Oracle are racing to capture market share with their own platforms.

But the real battlefield isn’t in Silicon Valley—it’s in boardrooms where executives must choose between being disruptors or being disrupted. Eighty-nine percent of surveyed CIOs consider agent-based A.I. a strategic priority, yet 60 percent of DIY initiatives fail to scale past pilot stages due to unclear ROI.

The implementation reality: success factors and pitfalls

Despite the promise, deployment isn’t automatic. Nearly three-quarters of senior leaders believe agentic A.I. could give their company a significant competitive advantage. Still, half say it will make their operating model unrecognizable in just two years.

Most effective implementations move in this organized direction:

Phase 1: Infrastructure Readiness. Exposing enterprise tools and data via APIs, ensuring system interoperability and building monitoring and control frameworks.

Phase 2: Targeted Deployment. Starting with high-impact, data-rich processes prone to coordination bottlenecks such as incident resolution, customer onboarding and claims processing.

Phase 3: Multi-Agent Orchestration. Allowing agents to collaborate across functions, creating peer-to-peer protocols for coordination.

Phase 4: Organizational Redesign. Transitioning to hybrid structures where humans and agents share workflows.

The governance challenge

The autonomy that makes agentic A.I. powerful also creates new risks. Seventy-eight percent of CIOs cite security, compliance and data control as primary barriers to scaling agent-based A.I. Accountability, bias and ethical issues emerge whenever A.I. systems do things by themselves. Leading organizations have been building robust guardrails since day one. IBM watsonx Agents lead governance with enterprise-ready features including role-based controls, compliance auditing and A.I. explainability safeguards.

The disruption timeline: why speed matters

The transformation is accelerating beyond most predictions. By 2029, Gartner predicts 80 percent of common customer service issues will be resolved autonomously, and 15 percent of all day-to-day work decisions will be made by A.I.

Some companies have already benefited from early action. For example, a leading Dutch insurer automated 91 percent of individual automobile claims by integrating custom A.I. agents, enabling adjusters to focus on complex cases requiring human knowledge. Competitors still processing claims manually face an insurmountable cost and speed disadvantage.

Industry-specific disruption patterns

Companies across sectors have different use cases and transformation timelines:

Financial Services: Leading the charge with fraud detection, credit assessment and regulatory compliance automation.

Healthcare: A.I. agents managing appointment scheduling, patient monitoring and treatment personalization are showing early success.

Manufacturing: Predictive maintenance and supply chain optimization are delivering immediate ROI.

Customer Service: In 2024, the customer service and virtual assistants sector led in revenue generation, driven by A.I. agents’ ability to address both straightforward and complicated issues.

The strategic imperative: building the agentic enterprise

The change to agentic A.I. isn’t limited to technology; it becomes a key moment in companies’ competitive plans. Organizations face a binary choice: become agentic enterprises where autonomous A.I. agents work seamlessly alongside humans, or fall behind competitors that do. Half of executives surveyed by PwC believe A.I. agents will make their operating model unrecognizable in just two years. In every field, there will be a major and sudden separation between those who adapt and those who do not.

The organizations that will do well in 2030 will be smarter, able to spot trends, make changes accordingly and look for opportunities without the need for constant human input. They’ll operate at speeds and scales impossible for traditionally-managed competitors.

The bottom line

Agentic A.I. isn’t a technology to deploy—it’s a new way of operating to design. With the global enterprise agentic A.I. market growing at 46.2 percent annually and expected to reach $41.32 billion by 2030, the window for competitive advantage is narrowing rapidly.

The companies that master agentic A.I. in the next 18 months will set the terms for the next decade of business competition. People or businesses that don’t take risks often fade away in the annals of their industry. The changes we want are happening now, not in the future. The only question is whether your organization will lead it or be left behind.



Source link

Bill Ackman’s Big Bet on Uber Wins Praise from CEO Dara Khosrowshahi

Dara Khosrowshahi has been CEO of Uber since 2017. Anthony Wallace/AFP via Getty Images

In February, hedge fund billionaire Bill Ackman revealed he had acquired a roughly $2 billion stake in Uber. Known for his activist approach and tendency to push for major changes at companies he invests in, Ackman hasn’t always been welcomed by corporate leaders. But Uber CEO Dara Khosrowshahi says the relationship has been entirely positive, calling Ackman a “legendary investor” whose involvement has inspired the company to launch new features.

“I’ve always admired Bill, so when we found out he was a shareholder, it was like, ‘Right on,’” Khosrowshahi said at the Bloomberg Tech Summit in San Francisco yesterday (June 5). “We’ve got a great relationship,” he added.

Ackman called himself a “long-term customer and admirer” of Uber in a February post on X. He noted that he first invested in the company through a small venture fund and remains actively engaged with the product. “He’s intensely interested in the product and talks to his drivers, so he gives me a lot of feedback,” Khosrowshahi said.

And his feedback is taken seriously. Earlier this year, the investor posted on X about the difficulty of ordering multiple Ubers at once for himself, his children and his mother after an event. In response, Uber began developing a feature to address that use case. According to Khosrowshahi, the resulting tool has “proven to be a really cool feature.”

Pershing Square, Ackman’s hedge fund, now holds 30.3 million shares in Uber. Though he once described Uber’s past leadership as “erratic,” Ackman praised Khosrowshahi’s tenure, saying in the same post, “We believe that Uber is one of the best managed and highest quality businesses in the world.”

Pershing Square, which manages more than $17 billion in assets, is a major investor in the restaurant and hospitality sectors. The hedge fund holds $1 billion worth of Chipotle shares and a $1.5 billion stake in Restaurant Brands International, the parent company of Burger King and Tim Hortons. Ackman has previously called restaurants a “really simple business”—one in which Pershing has never lost money. The fund also maintains large positions in  Hilton.

Ackman recently made his foray into the mobility sector. Earlier this year, he acquired a nearly 20 percent stake in Hertz, citing the car rental company’s strong position in the used car market amid rising tariffs. He also floated the idea of a future partnership between Hertz and Uber focused on rolling out autonomous vehicle (AV) fleets.

Uber has already made significant moves in the AV space, partnering with Waymo to offer self-driving taxis in Austin and Atlanta and investing in U.K.-based AV startup Wayve. “Ultimately, we think it’ll expand the marketplace by making safe transportation in cities accessible to everyone,” Khosrowshahi said at the Bloomberg Tech Summit.

As advances in A.I. continue to propel autonomous driving, Uber acknowledges the potential threat to driver and courier jobs. However, the company is also using the technology to create new forms of “knowledge work” for its contractors. According to Khosrowshahi, Uber now offers opportunities for drivers and couriers to earn additional income by labeling maps, translating languages and grading A.I. responses. “Over the next five to ten years, this work will be a significant part of the overall opportunities that we’re giving to our drivers and couriers,” he said.



Source link

Elon Musk Reveals How Much Money SpaceX Will Make This Year

A SpaceX Falcon 9 rocket takes off at NASA’s Kennedy Space Center on March 14, 2025. Aubrey Gemignani/NASA via Getty Images

Despite ongoing struggles at Tesla, Elon Musk’s other major venture, SpaceX, is experiencing record growth. The rocket and satellite company is on track to generate approximately $15.5 billion in revenue for 2025, Musk revealed in an X post on June 3. That figure marks a 31 percent increase from 2024, when SpaceX brought in an estimated $11.8 billion, according to consulting firm Novaspace.

SpaceX earns revenue through three primary streams: government launches, commercial launches and Starlink, its satellite-based internet service. As in previous years, Starlink is expected to be the company’s main revenue driver, accounting for about 80 percent of total revenue in 2025, per market research firm Quilty Space.

In 2024, Starlink generated $7.8 billion in revenue, Quilty reports. More than half of that came from commercial customers, while government contracts contributed around $3 billion.

Starlink currently operates the world’s largest satellite constellation, with roughly 7,000 satellites in low-Earth orbit. SpaceX aims to expand the network by another 30,000 satellites. The service now has more than 5 million users across 125 countries.

The remainder of SpaceX’s revenue will come from its launch business, which serves both government and commercial clients using the Falcon family of rockets. In 2024, the company completed 134 launches—more than any other operator globally. It plans to increase that number to 170 this year. NASA alone is expected to contribute $1.1 billion to SpaceX’s 2025 revenue, according to Musk.

“Commercial revenue from space will exceed the entire budget of NASA next year,” Musk said. The U.S. space agency is expected to face steep funding cuts under the Trump administration, which has proposed slashing NASA’s budget from $24.8 billion in 2025 to $18.8 billion in 2026.

SpaceX was valued at $350 billion last year after completing a secondary shares sale, making it one of the most valuable private firms in the world.

But SpaceX is also spending heavily. It is developing the Starship rocket system, a massive next-generation vehicle designed to eventually carry humans to the Moon and Mars. So far, SpaceX has conducted nine orbital test flights of Starship and aims to begin uncrewed missions to Mars as early as 2026.



Source link

Flying cars are finally taking off



Flying cars are finally taking off – CBS News










































Watch CBS News



After decades of promises, flying cars are becoming real. Richard Schlesinger looks at vehicles that will soon be hitting the road (or rather, hovering a couple thousand feet above), which look more like helicopters than what “The Jetsons” promised.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.


Source link

Self-driving cars



Self-driving cars – CBS News










































Watch CBS News



There have been many headlines about the future of self-driving vehicles – cars that would never get drowsy, never get impaired by alcohol, and never be distracted by cell phones. Well, that future is closer than you think, as David Pogue finds out when he surveys a landscape that features the Tesla Autopilot, and Lyft’s self-driving taxis. Pogue also talks with Jason Torchinsky, author of “Robot, Take the Wheel: The Road to Autonomous Cars and the Lost Art of Driving.”

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.


Source link

Trump’s surgeon general pick criticizes others’ conflicts

PROVIDENCE, R.I. — President Donald Trump’s pick to be the next U.S. surgeon general has repeatedly said the nation’s medical, health and food systems are corrupted by special interests and people out to make a profit at the expense of Americans’ health.

Yet as Dr. Casey Means has criticized scientists, medical schools and regulators for taking money from the food and pharmaceutical industries, she has promoted dozens of health and wellness products — including specialty basil seed supplements, a blood testing service and a prepared meal delivery service — in ways that put money in her own pocket.

A review by The Associated Press found Means, who has carved out a niche in the wellness industry, set up deals with an array of businesses.

In her newsletter, on her social media accounts, on her website, in her book and during podcast appearances, the entrepreneur and influencer has at times failed to disclose that she could profit or benefit in other ways from sales of products she recommends. In some cases, she promoted companies in which she was an investor or adviser without consistently disclosing the connection, the AP found.

Means, 37, has said she recommends products that she has personally vetted and uses herself. She is far from the only online creator who doesn’t always follow federal transparency rules that require influencers to disclose when they have a “material connection” to a product they promote.

Still, legal and ethics experts said those business entanglements raise concerns about conflicting interests for an aspiring surgeon general, a role responsible for giving Americans the best scientific information on how to improve their health.

“I fear that she will be cultivating her next employers and her next sponsors or business partners while in office,” said Jeff Hauser, executive director of the Revolving Door Project, a progressive ethics watchdog monitoring executive branch appointees.

The nomination, which comes amid a whirlwind of Trump administration actions to dismantle the government’s public integrity guardrails, also has raised questions about whether Levels, a company Means co-founded that sells subscriptions for devices that continuously monitor users’ glucose levels, could benefit from this administration’s health guidance and policy.

Though scientists debate whether continuous glucose monitors are beneficial for people without diabetes, U.S. Health Secretary Robert F. Kennedy Jr. has promoted their use as a precursor to making certain weight-loss drugs available to patients.

The aspiring presidential appointee has built her own brand in part by criticizing doctors, scientists and government officials for being “bought off” or “corrupt” because of ties to industry.

Means’ use of affiliate marketing and other methods of making money from her recommendations for supplements, medical tests and other health and dietary products raise questions about the extent to which she is influenced by a different set of special interests: those of the wellness industry.

Means earned her medical degree from Stanford University, but she dropped out of her residency program in Oregon in 2018, and her license to practice is inactive. She has grown her public profile in part with a compelling origin story that seeks to explain why she left her residency and conventional medicine.

“During my training as a surgeon, I saw how broken and exploitative the healthcare system is and left to focus on how to keep people out of the operating room,” she wrote on her website.

Means turned to alternative approaches to address what she has described as widespread metabolic dysfunction driven largely by poor nutrition and an overabundance of ultra-processed foods. She co-founded Levels, a nutrition, sleep and exercise-tracking app that can also give users insights from blood tests and continuous glucose monitors. The company charges $199 per year for an app subscription and an additional $184 per month for glucose monitors.

Means has argued that the medical system is incentivized not to look at the root causes of illness but instead to maintain profits by keeping patients sick and coming back for more prescription drugs and procedures.

“At the highest level of our medical institutions, there are conflicts of interest and corruption that are actually making the science that we’re getting not as accurate and not as clean as we’d want it,” she said on Megyn Kelly’s podcast last year.

But even as Means decries the influence of money on science and medicine, she has made her own deals with business interests.

During the same Megyn Kelly podcast, Means mentioned a frozen prepared food brand, Daily Harvest. She promoted that brand in a book she published last year. What she didn’t mention in either instance: Means had a business relationship with Daily Harvest.

Influencer marketing has expanded beyond the beauty, fashion and travel sectors to “encompass more and more of our lives,” said Emily Hund, author of “The Influencer Industry: The Quest for Authenticity on Social Media.”

With more than 825,000 followers on Instagram and a newsletter that she has said reached 200,000 subscribers, Means has a direct line into the social media feeds and inboxes of an audience interested in health, nutrition and wellness.

Affiliate marketing, brand partnerships and similar business arrangements are growing more popular as social media becomes increasingly lucrative for influencers, especially among younger generations. Companies might provide a payment, free or discounted products or other benefits to the influencer in exchange for a post or a mention. But most consumers still don’t realize that a personality recommending a product might make money if people click through and buy, said University of Minnesota professor Christopher Terry.

“A lot of people watch those influencers, and they take what those influencers say as gospel,” said Terry, who teaches media advertising and internet law. Even his own students don’t understand that influencers might stand to benefit from sales of the products they endorse, he added.

Many companies, including Amazon, have affiliate marketing programs in which people with substantial social media followings can sign up to receive a percentage of sales or some other benefit when someone clicks through and buys a product using a special individualized link or code shared by the influencer.

Means has used such links to promote various products sold on Amazon. Among them are books, including the one she co-wrote, “Good Energy”; a walking pad; soap; body oil; hair products; cardamom-flavored dental floss; organic jojoba oil; a razor set; reusable kitchen products; sunglasses; a sleep mask; a silk pillowcase; fitness and sleep trackers; protein powder and supplements.

She also has shared links to products sold by other companies that included “affiliate” or “partner” coding, indicating she has a business relationship with the companies. The products include an AI-powered sleep system and Daily Harvest, for which she curated a “metabolic health collection.”

On a “My Faves” page that was taken down from her website shortly after Trump picked her, Means wrote that some links “are affiliate links and I make a small percentage if you buy something after clicking them.”

It’s not clear how much money Means has earned from her affiliate marketing, partnerships and other agreements. Daily Harvest did not return messages seeking comment, and Means said she could not comment on the record during the confirmation process.

Means has raised concerns that scientists, regulators and doctors are swayed by the influence of industry, oftentimes pointing to public disclosures of their connections. In January, she told the Kristin Cavallari podcast “Let’s Be Honest” that “relationships are influential.”

“There’s huge money, huge money going to fund scientists from industry,” Means said. “We know that when industry funds papers, it does skew outcomes.”

In November, on a podcast run by a beauty products brand, Primally Pure, she said it was “insanity” to have people connected to the processed food industry involved in writing food guidelines, adding, “We need unbiased people writing our guidelines that aren’t getting their mortgage paid by a food company.”

On the same podcast, she acknowledged supplement companies sponsor her newsletter, adding, “I do understand how it’s messy.”

Influencers who endorse or promote products in exchange for payment or something else of value are required by the Federal Trade Commission to make a clear and conspicuous disclosure of any business, family or personal relationship. While Means did provide disclosures about newsletter sponsors, the AP found in other cases Means did not always tell her audience when she had a connection to the companies she promoted. For example, a “Clean Personal & Home Care Product Recommendations” guide she links to from her website contains two dozen affiliate or partner links and no disclosure that she could profit from any sales.

Means has said she invested in Function Health, which provides subscription-based lab testing for $500 annually. Of the more than a dozen online posts the AP found in which Means mentioned Function Health, more than half did not disclose she had any affiliation with the company.

Means also listed the supplement company Zen Basil as a company for which she was an “Investor and/or Advisor.” The AP found posts on Instagram, X and on Facebook where Means promoted its products without disclosing the relationship.

Though the “About” page on her website discloses an affiliation with both companies, that’s not enough, experts said. She is required to disclose any material connection she has to a company anytime she promotes it.

Representatives for Function Health did not return messages seeking comment through their website and executives’ LinkedIn profiles. Zen Basil’s founder, Shakira Niazi, did not answer questions about Means’ business relationship with the company or her disclosures of it. She said the two had known each other for about four years and called Means’ advice “transformational,” saying her teachings reversed Niazi’s prediabetes and other ailments.

“I am proud to sponsor her newsletter through my company,” Niazi said in an email.

While the disclosure requirements are rarely enforced by the FTC, Means should have been informing her readers of any connections regardless of whether she was violating any laws, said Olivier Sylvain, a Fordham Law School professor who was previously a senior adviser to the FTC chair.

“What you want in a surgeon general, presumably, is someone who you trust to talk about tobacco, about social media, about caffeinated alcoholic beverages, things that present problems in public health,” Sylvain said, adding, “Should there be any doubt about claims you make about products?”

Means isn’t the first surgeon general nominee whose financial entanglements have raised eyebrows.

Jerome Adams, who served as surgeon general from 2017 to 2021, filed federal disclosure forms that showed he invested in several health technology, insurance and pharmaceutical companies before taking the job — among them Pfizer, Mylan and UnitedHealth Group. He also invested in the food and drink giant Nestle.

He divested those stocks when he was confirmed for the role and pledged that he and his immediate family would not acquire financial interest in certain industries regulated by the Food and Drug Administration.

Vivek Murthy, who served as surgeon general twice, under Presidents Barack Obama and Joe Biden, made more than $2 million in COVID-19-related speaking and consulting fees from Carnival, Netflix, Estee Lauder and Airbnb between holding those positions. He pledged to recuse himself from matters involving those parties for a period of time.

Means has not yet gone through a Senate confirmation hearing and has not yet announced the ethical commitments she will make for the role.

Hund said that as influencer marketing becomes more common, it is raising more ethical questions, such as what past influencers who enter government should do to avoid the appearance of a conflict.

Other administration officials, including Homeland Security Secretary Kristi Noem and Centers for Medicare and Medicaid Services Administrator Dr. Mehmet Oz, have also promoted companies on social media without disclosing their financial ties.

“This is like a learning moment in the evolution of our democracy,” Hund said. “Is this a runaway train that we just have to get on and ride, or is this something that we want to go differently?”

___

Swenson reported from New York.

Source link

Sundar Pichai Says Google Will Hire More Human Engineers Because of A.I.

Sundar Pichai is focused on growth rather than downsizing for efficiency CAMILLE COHEN/AFP via Getty Images

At a time when Big Tech companies like Meta, Amazon and Microsoft slash thousands of engineering jobs and replace them with A.I., Google is looking to expand its engineering team, CEO Sundar Pichai said at Bloomberg Tech Summit in San Francisco yesterday (June 4). “I expect we will grow from our current engineering base even into next year. It allows us to do more with the opportunity space,” Pichai told Bloomberg’s Emily Chang during an onstage interview.

Pichai sees A.I. as an opportunity to boost productivity without eliminating human talent. Google is using A.I. to handle repetitive tasks like boilerplate coding, allowing engineers to focus on more impactful work. “I just view this (A.I.) as making engineers dramatically more productive, getting a lot of the mundane aspects out of what they do,” Pichai said. “A.I. serves as an accelerator rather than a replacement for human talent, enabling the company to pursue greater opportunities in emerging technology sectors.”

More than 30 percent of Google’s code is now A.I.-generated, according to Pichai. However, this shift is driving demand for more human engineers to guide, verify and build on what A.I. creates. Pichai’s optimistic outlook contrasts sharply with the industry’s recent mood. Despite rounds of restructuring at Google, Pichai is focused on growth rather than downsizing for efficiency.

“We are definitely investing for the long run in A.I.,” he said, citing a planned $75 billion in capital expenditures for 2025. “The A.I. opportunity is bigger than the opportunity we had in the past.”

Still, Pichai tempered his optimism by acknowledging the current limits of A.I. While systems like Gemini are becoming more powerful and creative, they still make basic errors and aren’t ready for full autonomy. “Even the best models still make basic mistakes,” he said, warning against overestimating current systems. “So are we currently on an absolute path to AGI? I don’t think anyone can say for sure.”

In response to recent predictions by Anthropic CEO Dario Amodei, who suggested A.I. could eliminate half of all entry-level jobs within five years, Pichai pushed back. “We’ve made predictions like that for the last 20 years about technology and automation, and it hasn’t quite played out that way,” he said.

Pichai also pointed to Google’s continued innovation across sectors—such as self-driving technology via Waymo, quantum computing and YouTube’s growth in international markets like India—as evidence that engineering talent remains essential. “These are long-term bets,” he said. “And they all depend on having great people behind them.”

With new products, investments and a commitment to hiring, Google is betting on a future where engineers remain at the heart of innovation, even as A.I. reshapes the landscape around them.



Source link

23andMe Bankruptcy Saga: Founder Anne Wojcicki Makes Last-Minute Bid for DNA Data

Anne Wojcicki established 23andMe nearly two decades ago. Christopher Polk/Variety via Getty Images

The saga surrounding the once-hot DNA testing company 23andMe has taken another unexpected turn. Last month, biotech firm Regeneron purchased the company’s assets—including its genetic database of around 15 million users—for $256 million at a bankruptcy auction, seemingly closing the deal. However, a larger bid from Anne Wojcicki, 23andMe’s co-founder and former CEO, has prompted a second auction.

At a court hearing in St. Louis, Mo. yesterday (June 4), 23andMe’s attorney inadvertently revealed that Wojcicki’s post-auction proposal had reached $305 million. Wojcicki, who resigned as 23andMe’s CEO in March and has contested the outcome of the initial auction, joined forces with her nonprofit TTAM Research Institute to place the bid.

Following the revelation, representatives from 23andMe, TTAM, and Regeneron reached an agreement to reopen the sale process. The second auction, scheduled for later this month, will begin with TTAM’s new offer—nearly $50 million higher than Regeneron’s original winning bid.

23andMe’s shares soared more than 24 percent today after the news.

What happened to 23andMe?

The move marks a turning point in 23andMe’s tumultuous decline. Founded in 2006 by Wojcicki, the company initially gained traction with its saliva-based ancestry kits and went public in 2021. By the end of that year, its valuation peaked at $6 billion.

However, its financial situation quickly deteriorated. 23andMe struggled to generate consistent revenue beyond its DNA testing kits, which customers typically purchased only once. In 2023, the company faced a significant data breach that exposed information from roughly 7 million users, resulting in a class action lawsuit. Earlier this year, it filed for Chapter 11 bankruptcy.

Amid 23andMe’s downfall, concerns grew over the fate of its vast database of user DNA, with state attorneys general urging users to delete their genetic data from the platform. When Regeneron announced its acquisition of the company’s assets last month, it pledged to adhere to privacy laws and consumer policies regarding the genetic database—a commitment that TTAM also intends to honor should it win the upcoming auction.

Regeneron, which develops treatments for a variety of diseases, stated that it planned to use the data to accelerate medical research. The company also agreed to allow a court-appointed ombudsman and other stakeholders to review its privacy practices.

Another sale on the cards

For 23andMe’s upcoming auction, TTAM will kick off the process with its $305 million bid. Regeneron will then be required to place a higher bid, starting at $315 million, after which TTAM will have two hours to respond with a final proposal before the final bid goes to Regeneron. Lawyers for both sides agreed that the losing bidder will receive a $10 million “breakup fee.”

TTAM’s new bid is a substantial increase from the $146 million it offered during last month’s auction, and it far exceeds the initial $40 million bid Wojcicki proposed before 23andMe filed for bankruptcy in March. U.S. Bankruptcy Judge Brian Walsh described the negotiated terms of the new auction as a “very positive development” for equity holders during yesterday’s hearing.



Source link

The latest in hearing aids



The latest in hearing aids – CBS News










































Watch CBS News



Two out of three people over age 70 have trouble hearing, but only about 20% of adults who have hearing loss actually use a hearing aid, for the most part because of costs related to the devices themselves and to testing and consultations with a doctor or audiologist. David Pogue checks out the latest advances in hearing aid technology that have reduced size and added unique features, and finds out what changes consumers can anticipate after Congress passed a bill allowing hearing aids to be sold over-the-counter. (Originally broadcast September 30, 2018.)

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.


Source link

Nintendo Switch 2 draws hordes of fans to stores worldwide for midnight release

Eager customers in the U.S. and around the world lined up outside electronics stores hours in advance on Thursday to collect their pre-ordered Nintendo Switch 2 video game consoles.

The much anticipated Switch 2, being released at midnight worldwide Thursday, is an upgrade to its eight-year-old predecessor with new social features meant to draw players into online gaming. Nintendo is counting on the Switch 2 to boost sagging sales.

In the U.S., a chaotic pre-order process in April left some fans frustrated after the consoles quickly sold out. Still, some eager fans lined up early Thursday at retailers such as Target in hopes of purchasing a unit.

“I’m just rolling the dice here,” said Edgar Huo, who was in a line of about 25 outside of a Target in the Tribeca neighborhood of Manhattan, New York. Many of those waiting for the store to open had ordered online, but a few like Huo hoped for a chance at purchasing any extra inventory the store had.

Doug Bowser, president of Nintendo of America, center, stands among fans outside of the Nintendo store in New York, US, early on Thursday, June 5, 2025. 

Adam Gray/Bloomberg via Getty Images


In Japan, the new consoles were sold through a competitive lottery system that Nintendo said got about 2.2 million applications.

Outside the official draw, some retailers offered their own lotteries to pre-order the devices.

Nintendo Switch 2 features

The original Switch, released in 2017, is “one of the most popular game consoles of all time,” Scott Stein, editor-at-large at CNET, told CBS News Boston in January.

The new console comes with a larger and higher resolution screen than its predecessor, with improved processing power, offering smoother and more vivid graphics. Central to its updated system is a new “C” button on its controller, which will launch a “GameChat” feature that requires a subscription to Nintendo’s Switch online service. It allows players to “communicate with friends and family while playing a game,” and lets them share their game screen with others. A built-in microphone will also allow chatting with other gamers.

Nintendo has said it expects to sell 15 million Switch 2 consoles for the fiscal year through March 2026.

A mock-up of the Nintendo Co. Switch 2 game console on display at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2. 

Kiyoshi Ota/Bloomberg via Getty Images


The company has promised to roll out attractive software for the Switch 2 later this year, including “The Legend of Zelda” games, a Pokemon title and a Kirby game, as well as offerings from outside software companies.

Nintendo is capitalizing on the launch with the opening of a store in San Francisco and the Super Nintendo World amusement facility in Orlando, Florida, both set for this month.

The Switch 2’s rollout arrives at an uncertain time for much of the gaming industry due to new tariffs implemented by U.S. President Donald Trump.

In the U.S., the Switch 2’s baseline launch price is $449.99 — significantly higher than the original Switch’s $299 price tag. 

A “Mario Kart World” game for the new console is priced at $80, marking the first time a Nintendo game has broached $80.

Ariana Drehsler/Bloomberg via Getty Images


A “Mario Kart World” game for the new console is priced at $80, marking the first time a Nintendo game has broached $80, Washington Post video game reporter Gene Park told CBS News in April. 

“It’s a little eyebrow-raising. It’s really the first Nintendo game to broach $80, and there’s a lot of talk about video games becoming $100 right now,” Park said.

U.S. preorders for the Switch 2 were delayed for several weeks so the company could assess the potential impact of tariffs.

Source link