A lot of AI technology may not work very well, but providing consumers with reliable information was never its major commercial promise. Investors have poured billions into generative AI because of the promise that it will eliminate jobs on a massive scale. Tech journalist Brian Merchant joins Movement Memos host Kelly Hayes to discuss how the AI boom is being used to displace workers…
Source
International media conglomerate Axel Springer, which owns multiple major news outlets, announced on Friday that it is awarding its 2026 Axel Springer Award to far right billionaire Peter Thiel, recognizing the Palantir co-founder for his “societal impact” and entrepreneurial feats as his company seeks to build out a mass surveillance network across the U.S. The Axel Springer Award…
Source
The Wisconsin Elections Commission (WEC), a bipartisan panel that manages the elections process in the Badger State, has referred two felony-level complaints against Elon Musk to a local prosecutor’s office after he handed out checks to voters, encouraging them to vote in the 2025 state Supreme Court race. The world’s first trillionaire (whose net worth recently slipped into multi-billionaire…
Source
The lawyers who helped tech tycoon Elon Musk secure a controversial rollback of far-reaching shareholder protections are now bankrolling Democratic Delaware lawmakers who voted for the legislation as they face progressive primary challenges over the so-called “billionaires bill.” Five major law firms behind the deregulatory measure have funneled hundreds of thousands of dollars into a newly…
Source
Billionaires with ties to Jeffrey Epstein have spent nearly $1.6 billion on influencing U.S. elections since the Supreme Court’s Citizens United decision unleashed a deluge of such spending on the electoral system, a new report finds, demonstrating the vast power over politics held by the so-called Epstein class. Americans for Tax Fairness Action Fund reveals in a new report Thursday that 40…
Source
Corporate news outlets frequently frame stories about artificial intelligence (AI) as contests. The most basic version of this frame — metaphorical “races” between rival tech companies or nations, in which speed of innovation is presumed to determine the victors — is so widely used, it’s easy to take for granted. As AI systems shift power throughout society, from health care and law…
Source