This newsletter highlights recent developments in artificial intelligence, starting with a significant drop in IBM's stock price that has prompted industry-wide skepticism regarding the profitability of current AI spending. While industry leaders like Jamie Dimon are urging a measured approach to AI's labor market impacts, public and regulatory responses vary significantly, from New York's pause on data center construction to legislative efforts against deepfake abuse. Other notable shifts include a major lawsuit against Meta over AI-driven layoff practices, Meta's massive data center expansion in Louisiana, and a pushback against AI in higher education, exemplified by the University of Chicago's new device ban for law students.

This newsletter highlights recent developments in artificial intelligence, starting with a significant drop in IBM's stock price that has prompted industry-wide skepticism regarding the profitability of current AI spending. While industry leaders like Jamie Dimon are urging a measured approach to AI's labor market impacts, public and regulatory responses vary significantly, from New York's pause on data center construction to legislative efforts against deepfake abuse. Other notable shifts include a major lawsuit against Meta over AI-driven layoff practices, Meta's massive data center expansion in Louisiana, and a pushback against AI in higher education, exemplified by the University of Chicago's new device ban for law students.