This is the scene tonight. Major plane disaster in Kentucky. A UPS plane crashing near an airport in Louisville.When tragic aviation accidents happen soon after the search for survivors comes the search for the so-called black box. Every commercial plane has them. Companies like GE and Honeywell design them to be nearly indestructible, to help investigators understand the cause of a crash.They're very crucial because it's one of the few sources of information that tells us what happened leading up to the ac ...

Have you ever applied for a job and waited to hear back only to not get a response and see the position never gets filled. That's called a ghost job, and an expert says they could erode people's trust in the labor market. Government data for years has shown that there are at least as many job openings as there are unemployed workers.But when you take a look at actual hirings, not all of those available jobs are being filled. Not even close. Since the beginning of last year, data from the Bureau of Labor Sta ...

Between January and September 2025, there have been more than 946,000 job cuts announced with roughly 300,000 from the government sector. >> That's the highest since 2020, and it's a 55% [music] increase from what we saw last year through the same time period. >> It would make sense to think AI is to blame for the layoffs.[music] Now that we've had generative AI come in and kind of change the equation, investors and boards are asking management teams, how are you using AI. Why aren't you using AI. Can't AI ...

Behind me is the start of what will be the largest cluster of non-invidia chips in the world in Amazon's newest data center mega project now fully operational here in New Carile, Indiana. These seven completed buildings replaced empty cornfields fast [music] in about a year. Once completed, the project will connect hundreds of thousands of Amazon's own custom Tranium 2 chips and soon Tranium 3 across the US entirely devoted to running AI workloads for a single [music] customer.OpenAI rival Anthropic, backed ...

Over the past year, 1 in 3 condo owners in Manhattan who sold sold at a loss. Now, with the election of Mamdani, there are reports that the wealthy could flee even more, going to the suburbs or places like Florida or Texas. But the real reason why Manhattan real estate has been flat over the past decade, and what the wealthy are really doing is a bit more nuanced.I think prices got too high and they've had to come down. So of course people lost money. And you're reading about $100 million transactions, but ...

In this quiet seaside town in northern France, thousands of miles of cables are manufactured each year and then dropped into the ocean to become the superighway of the internet. Over 95% of international internet traffic travels from continent to continent [music] through cables on the ocean floor that for the most part are no larger than a garden hose. >> That translates into 10 trillion dollar a day in economic transactions that go over these cables that most people don't know exist.[music] There are near ...

On May 16th, 2025. I woke up and was ready to get into my graduation gown for the day of celebration of Villanova's graduation ceremony. My family and friends came from pretty much across the country to see me walk across the stage and receive my diploma.Michael. Sean. Mathias.Yeah Michael. I was really on top of the world. Super excited to finally have the diploma that shows my hard work over those four years. I was super excited to apply those skills to the job market, to an employer, and finally be an in ...

Industry Overview - Commercial explosives are essential for various industries, including construction ($2 trillion), energy ($2.1 trillion), mining ($737 billion), and quarry ($170 billion) [3] - Blasting is the most cost-effective method for mines to fracture rock, reducing the cost of consumer goods manufactured from mine resources [1] Supply Chain and Shortages - The US is facing a shortage of TNT due to the war in Ukraine [2] - NATO and Europe are rearming at a pace not seen since the Cold War, increasing demand on the defense supply chain [3] - A new army-run TNT plant is under construction but is not expected to be operational until 2028 [4] - In the short term, the industry needs to find supplies to meet the demand [4]

AI Chip Market Overview - Nvidia's GPUs have become central to generative AI, driving its valuation, with 6 million Blackwell GPUs shipped in the past year [1] - The AI chip market includes GPUs, custom ASICs, FPGAs, and chips for edge AI, with ASICs growing faster than GPUs [2][3] - Nvidia briefly reached a $5 trillion valuation due to its GPU's dominance in AI [5] GPU Technology and Competition - GPUs excel at parallel processing, making them ideal for AI training and inference [5][7][9] - AMD's Instinct GPUs are gaining traction, utilizing an open-source software ecosystem, contrasting Nvidia's CUDA [12][13] - Nvidia is shipping 1,000 Blackwell server racks weekly, each priced around $3 million [11] - Nvidia's next-generation Rubin GPU is slated for full production next year [14] Custom ASICs and Cloud Providers - Custom ASICs are designed by major hyperscalers like Google, Amazon, Meta, and Microsoft for specific AI tasks [2] - Custom ASICs offer efficiency and cost reduction but lack the flexibility of GPUs, costing tens to hundreds of millions of dollars to develop [16][17][18] - Amazon's Trainium offers 30-40% better price performance compared to other hardware vendors in AWS [24] - Broadcom is a major beneficiary of the AI boom, helping build TPUs for Google and custom ASICs for Meta and OpenAI, potentially winning 70-80% of the ASIC market [27] Edge AI and Manufacturing - NPUs (Neural Processing Units) are integrated into devices like phones and laptops for on-device AI processing [31][32] - AMD acquired Xilinx for $49 billion, becoming the largest FPGA maker [37] - TSMC manufactures most AI chips for companies like Nvidia, Google, and Amazon, with new plants in Arizona [37][38]

Layoff announcements skyrocketed toward the end of 2025, as generative AI and economic tightening pressure corporations to restructure their workforces. Many companies are cutting costs by trimming middle management and, in certain industries, eliminating entry level roles that can be replaced by AI. But layoffs aren't the only thing experts are concerned about.Generative AI is speeding up how people work, but that efficiency can come at the trade off of maintaining skills and rising up the corporate ladder ...