Jersey Mike’s IPO illustrates how bad the AI hype has become
Just for kicks, I took a look at Jersey Mike’s IPO documents. Surely a sandwich shop would have no need to mention AI. But low-and-behold.
How an overlooked geothermal plant got a second chance
In June 2024, a small company called Zanskar purchased a geothermal power plant in New Mexico that was failing fast. The water coming from the underground reservoir was getting colder by the day, making the plant uneconomical to run. Now, two years later, that plant is running at full capacity again, thanks to a new…
A warning sign about AI’s real cost, courtesy of Google and Amazon
AI has made it a lot harder for tech companies like Amazon and Google to deliver on their net-zero pledges.
Meta quietly launches vibe-coded gaming app Pocket
Meta has quietly launched Pocket, an experimental AI app that lets users generate and share interactive mini games using text prompts.
Travel app Hopper to pay $35M in FTC settlement over ‘unfairly’ charging hidden fees
Hopper will pay $35 million to settle FTC allegations that it used deceptive “dark patterns” to hide fees and mislead travelers about the cost and benefits of services.
Anthropic is discussing a new custom chip with Samsung
The news comes about a week after OpenAI announced its own custom AI chip in a partnership with Broadcom.
Boeing-owned Wisk Aero accused of firing manager who raised safety concerns
A former software manager claims Wisk rushed software testing ahead of a crucial 2025 flight test.
Achieving operational excellence with AI
Frameworks like Lean Six Sigma and business process management (BPM) first gained traction because they promised clarity in the chaos—a structured way to bring order to messy, sprawling operations. Lean Six Sigma emphasized statistical rigor and quality control; BPM created end-to-end maps of how work should flow across departments. Both offered a repeatable way to…
Melinda Gates’ venture firm backs Magnify Ventures’ $46.6M Fund II
Early-stage firm Magnify Ventures has raised a $46.6 million Fund II from LPs including Melinda French Gates’ Pivotal Ventures
OpenAI proposed donating 5% of its equity to a US sovereign wealth fund
OpenAI CEO Sam Altman has reportedly proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund, reviving discussions about letting the public share in the financial gains from the AI boom.
Popular TV-tracking app TV Time is shutting down as company focuses on AI
TV Time, the popular TV tracking app, is shutting down on July 15 as parent company Whip Media pivots toward enterprise AI products.