Andrew Ross Sorkin’s timely new book draws parallels between the 1929 crash and today’s AI mania. The real danger lies in three Ls: leverage, liquidity and investor lunacy. While central banks may prevent another Great Depression, the political and financial risks are mounting.
The EU is proposing significant delays to its AI Act enforcement timeline. Companies could get a one-year grace period for high-risk AI violations, with fines potentially postponed until 2027. The move comes amid pressure from US officials and Big Tech firms.
The cloud infrastructure market reached unprecedented heights in Q3 2025, hitting $107 billion with the largest-ever quarterly growth of $7.6 billion. AI services are driving this explosive expansion, with GPU-as-a-service revenues growing over 200% annually according to Synergy Research Group.
Russia just announced successful testing of its Poseidon nuclear-powered underwater vehicle. The timing is no accident – it comes as Russia’s reputation for advanced military technology has been severely damaged by battlefield failures in Ukraine.
France’s competition watchdog has fined healthtech giant Doctolib €4.6m for anti-competitive practices. The company allegedly forced practitioners to use its booking and teleconsultation services together while acquiring and killing its main competitor. Doctolib is appealing the decision.
The US is crushing the global AI competition, with American companies releasing 40 major AI models last year compared to China’s 15 and Europe’s mere 3. This isn’t accidental – innovation thrives where free markets, not government ministries, decide which technologies succeed.
Major companies have announced over 30,000 white-collar job cuts recently, but evidence suggests this reflects economic reality rather than AI displacement. Young graduates are feeling the squeeze most, with unemployment among 22-27 year olds with bachelor’s degrees rising by more than 2 percentage
iRobot, the company that created the robotic vacuum market with Roomba, is teetering on the edge of bankruptcy. After Amazon’s $1.4 billion acquisition collapsed and a potential buyer pulled out, the company warns it may need to cease operations entirely.
Robinhood’s prediction markets business has become its fastest-growing revenue stream in company history. The feature reached $100 million in annualized revenue in less than a year and is already tracking toward a $300 million run rate based on October volumes alone.
Snap and Perplexity AI have announced a $400 million partnership that will integrate AI search directly into Snapchat. The deal positions Snap as a distribution channel for AI companies while giving Perplexity massive reach. Revenue from the arrangement is expected to start flowing in 2026.
