Go back to Sunday edition and round up some of the top stories and take them inside the newsroom. Jake Epstein of Bi spent the night on a US Navy destroyer traveling from England to France. He said the space was tight as he got a taste of what everyday life was like.
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Today's agenda:
But first: BI has receipts regarding the impact of AI data.
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This week's dispatch
John David Richardson for By
Aggregates all AI costs
To fulfill the promise of AI, data centers are born nationwide, using water, land and electricity to provide booming technology computing power.
A team of reporters and editors aimed to quantify the spread of these centers and show impacts on those around them. I chatted with two lead reporters on the project and about Hannah Beckiller and Dakin Campbell about their takeaway.
Hannah, Dakin, in a nutshell, how fast is the US data centers and how fast is the boom?
There are 1,240 data centers built or approved for construction in the United States. That's several times more than 4 times the number in 2010.
What are your biggest concerns about data center spread? Green space, water, electricity? And if these concerns are urgent, why aren't the towns pushing back?
Electricity and water use is a major concern due to limited resources. However, data centers often bring tax revenue. This is used by the town to build roads, schools and fire stations. Public servants are caught up in the middle, some towns are pushed back, others are openly welcoming the industry with tax credits.
Are there any benefits to data centres due to the promise of AI with nearby property owners?
AI can bring great benefits, from saving business to saving science. Many argue that the major AI industry will strengthen national security. For nearby property owners, profits are usually the tax revenue the town collects, short-term jobs under construction (which can also lead to road congestion), and perhaps dozens of long-term technical jobs in the community.
What are the most important data center issues people should watch in the future?
The largest tech companies understand that there is a mix of public opinion about the use of resources such as power and water, and are taking steps to improve efficiency. It is important to see if they find a way to use less water and more renewable energy.
All eras of Big Tech winners
Getty Images; Ava Horton/bi
In Silicon Valley, companies like Meta and Openai offer pay packages that will stunningly take on technology adoption to ensure the best talent in AI racing.
But at the same time, rank and file tech workers have been fired by thousands. The result is an uneven shift that is all-in with AI while narrowing down other areas of innovation.
A big salary difference.
Read again:
“Zillow Ban” is here
Getty Images; Tyler Le/bi
Zillow's new policy blacklists homes that are publicly available by agents without being posted to a local database that notifies the rest of the real estate industry. This is part of Zillow's ongoing battle with large brokerages to crack down on “exclusive stock.”
The fight leaves home buyers and sellers in strange places, but not in helpless places. The rules of the game are changing, and consumers need to know exactly what they are getting from agents and how much they pay, writes James Rodriguez of Bi.
What should a home buyer do?
Amazon will strengthen reviews
Andy Jassy, Amazon CEO Reuters/Brendan McDermid
How do you measure culture? This is a question that Amazon managers must address now. This is thanks to the new performance review process established by Big Tech Company.
Starting this six-month review cycle, Amazon Managers will use a three-tier system to rank how they can demonstrate their employees' core values according to internal notes seen by BI's Eugene Kim.
This is the first time that corporate culture has been officially part of a review.
Hampton Hotspots
I'm having a party at the Hamptons surf lodge Rebecca Smeyne/ Getty Images
The Hamptons have long been a favorite summer front post for Wall Street bankers and traders. Bye spoke with current and former financial industry experts, along with several Hampton locals and business propelles, finding the most talked about spots in the east.
Montauk surf lodges were most mentioned, but insiders were named as restaurants with scenes like Le Bilboquet and understated sites like Cinecock, an ultra-exclusive golf club.
See the list.
This week's quote:
“You're being interviewed for employment for the entire internship.”
– Wendy Lewis, managing partner of KPMG's Richmond, Virginia office, talks about advice for Big 4 summer interns who are aiming to stand out.
Here are the top details for this week:
- Everyone says that AI will restructure banking. The new report accurately predicts how much.
- The 4 Corruption Economy is worse than we thought.
- Diddy's conviction and civil lawsuits make sense for his net worth, music catalogue and brand.
- Generator AI makes online business a nightmare.
- Most Americans don't pay attention to the important parts of retirement that have nothing to do with investment.
- The leaked document shows that Meta trains a chatbot to send a message first, remembers the chat and continues to talk.
- Trump's “big beautiful” tax bill could have an impact on your wallet.
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ChatGpt has entered the group text.
BI Today Team: Jamie Heller, editor-in-chief of New York. Lisa Ryan, executive editor in New York. Akin Oyedele, Associate Editor in New York. Grace Lett, editor of New York. Amanda Yen, Associate Editor in New York;
