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U.S. manufacturing may still show rising output, but employment and hours worked are falling — a sign that production gains are driven by automation, firm consolidation, or capital-intensive activity rather than job growth.
Nvidia CEO Jensen Huang told Joe Rogan that AI's biggest hurdle is now electricity, predicting tech giants will soon rely on their own small nuclear reactors to power the explosive growth of data centers.
Renowned investor Ross Gerber likened prediction markets to "illegal sports betting" on Wednesday, December 3, amid a legal crackdown on such platforms.
Kevin O'Leary believes that selling AI chips globally is key to maintaining American dominance in technology.O'Leary advises against restricting sales of AI chips to China, arguing it would push them to develop their own and hurt US interests.
Market indexes shook off any lingering doubts they had through morning trading hours and shifted into solid, steady gains before tapering off slightly toward the end of the session.
Sen. Bernie Sanders renews criticism of extreme wealth concentration, highlighting how tech billionaires Elon Musk, Jeff Bezos, and Mark Zuckerberg have more wealth than the bottom 50% of US households. Sanders calls it evidence of a rigged economy and compares the situation to millions struggling with poverty.
