Markets
Uber’s CTO says the company is coming to the end of its tokenmaxxing era
Uber is shutting the door on its infamous tokenmaxxing era. In a Wednesday X post, Uber CTO Praveen Neppalli Naga said the company is seeing some “very interesting trends on AI costs,” and that this was “another signal that we’re coming to the end of the so-called ‘tokenmaxxing’ era.” Tokenmaxxing…
JPMorgan CEO Jamie Dimon says the AI spending boom is likely to pay off
Jamie Dimon is optimistic that the country’s AI spending will pay off. The JPMorgan CEO told CNBC’s Leslie Picker in a video interview that aired on Wednesday that he believes the billions pouring into AI infrastructure will ultimately prove worthwhile. “In my own view, and I may be wrong, it’ll…
I spent 16 hours on a round-trip Amtrak ride. Here are 7 mistakes I won’t make again.
Amtrak recommends passengers arrive 30 minutes before their trains are scheduled to depart. I am nothing if not a rule follower, so I got to Moynihan Train Hall at Penn Station for my 7:15 a.m. train at 6:37. I grabbed a coffee before the Amtrak-recommended waiting period began, and by 6:50, I was…
Three’s company: Meta says its AI agents went rogue during testing, too
Meta has joined a growing list of companies saying their models hacked into an external company’s system during cybersecurity testing. In a statement on Thursday, the social media company said its Muse Spark model “exploited a security vulnerability in a third-party service, in a manner similar to…
Bank of America spends more than $250 million on GLP-1s
Weight-loss drugs are costing Bank of America more than a quarter of a million dollars a year. CEO Brian Moynihan said that the more than $250 million is a worthwhile investment in benefits for his more than 210,000 employees. “We see a great impact on employees,” he told CNBC on Wednesday at the…
Editor’s note: This article has been removed
2026-08-06T00:32:56.270Z Read in app Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an…
DoorDash is still ironing out Dot delivery robot kinks, from charging to pickups
DoorDash’s delivery robot isn’t quite ready for prime time. The delivery service has spent the last several months testing its Dot delivery robot as it makes deliveries in parts of Phoenix, Arizona. And while the company is working on securing permits for Dot to expand to other cities, there’s…
Meta to take on Anthropic’s Claude and OpenAI’s Codex with new coding agent
Meta is entering the coding wars with a new agent aimed at taking on Anthropic and OpenAI. The company announced Wednesday a beta version of Muse Code — powered by its Muse Spark 1.2 AI model — that Meta said can handle complex software engineering tasks, such as writing code and validating…
Lucid’s new CEO says the EV maker launched cars before they were ready and let customers down
Lucid Motors has a new CEO — and he has a blunt new assessment of what’s gone wrong at the EV maker. During an earnings call on Tuesday, Silvio Napoli, the company’s chief executive since June, said the automaker has “disappointed on several fronts and for far too long.” The company reported a net…
MrBeast’s studio head is leaving after less than a year. Here’s what his company’s CEO told staffers.
Corie Henson, MrBeast’s studio head, is leaving after just under a year. The former NBCUniversal unscripted EVP was among a batch of hires with big media pedigrees, reflecting the company’s ambitions to become a Disney-style entertainment colossus. “Being surrounded by people who care so deeply…