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- Who Cares If AI Brings Down the Economy?
The tech billionaire Hemant Taneja admits that AI is a bubble. In fact, he welcomes it: “Bubbles are good,” Taneja, the CEO of General Catalyst, a venture-capital firm, told me in an email. If AI comes crashing down, it will lead to “some spectacular failures,” he said—companies will go under and people will lose their jobs—but that’s a price worth paying for “enduring companies that change the world forever.”His view is widespread in Silicon Valley. Some, such as Nvidia CEO Jensen Huang, reject the notion that their companies are overvalued. But many of the wealthiest and most powerful people in tech are embracing the idea of an AI bubble. Jeff Bezos has argued that AI might be a “good” kind of bubble. Sam Altman has made similar comments, predicting that AI will be a “huge net win for the economy” even if “a phenomenal amount of money” is lost along the way.Indeed, a phenomenal amount of money is at stake: OpenAI, which is still far from profitable, is currently worth more than Toyota, Coca-Cola, and Disney combined. This year, Big Tech plans to spend some $650 billion on the AI build-out—a sum that far exceeds the GDP of most countries. Investors are banking that AI will spur a productivity boom and deliver unimaginable corporate profits, but that future could be far off. If the spending dries up first, the bubble could pop—perhaps dragging the rest of the economy down with it. Nonetheless, Silicon Valley thinks that the present mania will eventually pay back its returns through scientific discovery and economic growth. “Stop trying to make bubbles go away,” as the entrepreneur James Thomason recently wrote. “The benefits of innovation outweigh the costs of volatility.” In other words: Be grateful for the bubble.[Read: Here’s how the AI crash happens]Silicon Valley did not invent the idea that bubbles can be worth the pain. Various economists have made the argument for decades. But as the AI boom has exploded, a book by two investors, Tobias Huber and Byrne Hobart, has helped formalize tech’s pro-bubble ideology. Boom: Bubbles and the End of Stagnation was a hit in Silicon Valley when it came out in 2024, praised by the tech billionaires Peter Thiel and Marc Andreessen.The authors argue that there are essentially two kinds of bubbles: good ones (dot-com, the railroads) and bad ones (the 2008 housing crisis). Both cause damage when they burst, but… [TheTopNews] Read More.3 days ago - Cumulus v. Nielsen Is Put on Hold
The judge in the court fight between Cumulus and Nielsen has put the case on hold. U.S. District Judge Jeannette Vargas has issued a stay in “Cumulus Media New Holdings Inc. v. The Nielsen Company (US) LLC” in light of the announcement that Cumulus has filed for Chapter 11 bankruptcy reorganization to relieve its debt burden. Her stay affects claims by Cumulus against Nielsen, as well as Nielsen’s counterclaims. She instructed the companies to get back to her with an update in early June and every 90 days afterward. At present, Nielsen has been allowed to continue enforcing the bundled ratings policies that are at the center of the dispute. Nielsen is among the creditors of Cumulus, according to reporting by Radio Ink. [Read a previous commentary by Jerry Del Colliano that reviews the issues at stake and where the policies stand.] The post Cumulus v. Nielsen Is Put on Hold appeared first on Radio World. [TheTopNews] Read More.3 days ago - “TikTok Radio” Launches Friday
iHeart personality Ashlee Young will be among the regularly featured hosts on TikTok Radio. The partnership between iHeartMedia and TikTok, announced last fall, is taking more solid form now with the launch of “TikTok Radio from iHeart.” It goes live on Friday and will be heard on the iHeartRadio app and on 28 of iHeart’s radio stations. The organizations also announced the first lineup of “creator-hosts” for the TikTok Podcast Network. Their positioning: “The new station will blend TikTok’s discovery engine and cultural impact with iHeart’s programming expertise and trusted personalities to give fans a new way to listen to their favorite artists’ full tracks while diving deeper into the stories, trends and moments that turned them into a cultural phenomenon.” They promise a mix of “today’s hottest music with real-time conversation, guiding listeners through what’s breaking now.” The format launches Friday evening at SXSW, broadcasting from Austin. The announcement was made by Dan Page, global head of media and licensing partnerships at TikTok, and Tom Poleman, chief programming officer at iHeartMedia. Poleman described the overall concept in the announcement: “This station is built to feel like a living, breathing For You Feed, a place where creators, music fans and our on-air talent collide in real time to shape what’s next in culture.” They also announced several podcasts that will launch soon to populate the TikTok Podcast Network; topics include sports, fashion and social media. Hosts include former jocks, “multihyphenates,” social media stars, fashion figures and “media personalities.” You can read the list here. The post “TikTok Radio” Launches Friday appeared first on Radio World. [TheTopNews] Read More.3 days ago - A.I. Chatbots Want Your Health Records. Tread Carefully.
Following rivals like Amazon and OpenAI, Microsoft is upgrading its artificially intelligent assistant to track your health. There are benefits and risks to consider. [TheTopNews] Read More.3 days ago - NexPoint Diversified Real Estate Trust Announces Investor Update Call
DALLAS, March 12, 2026 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE: NXDT) announced today that the Company is scheduled to host a conference call on Tuesday, March 31, 2026, at 11:00 a.m. ET (10:00 am CT), to discuss… [TheTopNews] Read More.3 days ago
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The tech billionaire Hemant Taneja admits that AI is a bubble. In fact, he welcomes it: “Bubbles are good,” Taneja, the CEO of General Catalyst, a venture-capital firm, told me in an email. If AI comes crashing down, it will lead to “some spectacular failures,” he said—companies will go under and people will lose their jobs—but that’s a price worth paying for “enduring companies that change the world forever.”His view is widespread in Silicon Valley. Some, such as Nvidia CEO Jensen Huang, reject the notion that their companies are overvalued. But many of the wealthiest and most powerful people in tech are embracing the idea of an AI bubble. Jeff Bezos has argued that AI might be a “good” kind of bubble. Sam Altman has made similar comments, predicting that AI will be a “huge net win for the economy” even if “a phenomenal amount of money” is lost along the way.Indeed, a phenomenal amount of money is at stake: OpenAI, which is still far from profitable, is currently worth more than Toyota, Coca-Cola, and Disney combined. This year, Big Tech plans to spend some $650 billion on the AI build-out—a sum that far exceeds the GDP of most countries. Investors are banking that AI will spur a productivity boom and deliver unimaginable corporate profits, but that future could be far off. If the spending dries up first, the bubble could pop—perhaps dragging the rest of the economy down with it. Nonetheless, Silicon Valley thinks that the present mania will eventually pay back its returns through scientific discovery and economic growth. “Stop trying to make bubbles go away,” as the entrepreneur James Thomason recently wrote. “The benefits of innovation outweigh the costs of volatility.” In other words: Be grateful for the bubble.[Read: Here’s how the AI crash happens]Silicon Valley did not invent the idea that bubbles can be worth the pain. Various economists have made the argument for decades. But as the AI boom has exploded, a book by two investors, Tobias Huber and Byrne Hobart, has helped formalize tech’s pro-bubble ideology. Boom: Bubbles and the End of Stagnation was a hit in Silicon Valley when it came out in 2024, praised by the tech billionaires Peter Thiel and Marc Andreessen.The authors argue that there are essentially two kinds of bubbles: good ones (dot-com, the railroads) and bad ones (the 2008 housing crisis). Both cause damage when they burst, but… [TheTopNews] Read More.
3 days ago
The judge in the court fight between Cumulus and Nielsen has put the case on hold. U.S. District Judge Jeannette Vargas has issued a stay in “Cumulus Media New Holdings Inc. v. The Nielsen Company (US) LLC” in light of the announcement that Cumulus has filed for Chapter 11 bankruptcy reorganization to relieve its debt burden. Her stay affects claims by Cumulus against Nielsen, as well as Nielsen’s counterclaims. She instructed the companies to get back to her with an update in early June and every 90 days afterward. At present, Nielsen has been allowed to continue enforcing the bundled ratings policies that are at the center of the dispute. Nielsen is among the creditors of Cumulus, according to reporting by Radio Ink. [Read a previous commentary by Jerry Del Colliano that reviews the issues at stake and where the policies stand.] The post Cumulus v. Nielsen Is Put on Hold appeared first on Radio World. [TheTopNews] Read More.
3 days ago
iHeart personality Ashlee Young will be among the regularly featured hosts on TikTok Radio. The partnership between iHeartMedia and TikTok, announced last fall, is taking more solid form now with the launch of “TikTok Radio from iHeart.” It goes live on Friday and will be heard on the iHeartRadio app and on 28 of iHeart’s radio stations. The organizations also announced the first lineup of “creator-hosts” for the TikTok Podcast Network. Their positioning: “The new station will blend TikTok’s discovery engine and cultural impact with iHeart’s programming expertise and trusted personalities to give fans a new way to listen to their favorite artists’ full tracks while diving deeper into the stories, trends and moments that turned them into a cultural phenomenon.” They promise a mix of “today’s hottest music with real-time conversation, guiding listeners through what’s breaking now.” The format launches Friday evening at SXSW, broadcasting from Austin. The announcement was made by Dan Page, global head of media and licensing partnerships at TikTok, and Tom Poleman, chief programming officer at iHeartMedia. Poleman described the overall concept in the announcement: “This station is built to feel like a living, breathing For You Feed, a place where creators, music fans and our on-air talent collide in real time to shape what’s next in culture.” They also announced several podcasts that will launch soon to populate the TikTok Podcast Network; topics include sports, fashion and social media. Hosts include former jocks, “multihyphenates,” social media stars, fashion figures and “media personalities.” You can read the list here. The post “TikTok Radio” Launches Friday appeared first on Radio World. [TheTopNews] Read More.
3 days ago
Following rivals like Amazon and OpenAI, Microsoft is upgrading its artificially intelligent assistant to track your health. There are benefits and risks to consider. [TheTopNews] Read More.
3 days ago
DALLAS, March 12, 2026 /PRNewswire/ -- NexPoint Diversified Real Estate Trust ("NXDT") (NYSE: NXDT) announced today that the Company is scheduled to host a conference call on Tuesday, March 31, 2026, at 11:00 a.m. ET (10:00 am CT), to discuss… [TheTopNews] Read More.
3 days ago
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