Delayed Milestone: A Six-Month Setback

The delay of Boeing’s production milestone has created ripples throughout its supply chain, frustrating suppliers and heightening uncertainty in an already complex global supply chain environment. Sources familiar with the matter indicated that the revised schedule will have Boeing producing 42 737 Max jets per month by March 2025, rather than the original goal of September 2024. For many suppliers, this change presents operational challenges. One industry source close to Boeing commented, “This shift isn’t just about Boeing; it’s about the entire supply ecosystem that relies on Boeing’s projections to plan their production timelines.”

Spirit AeroSystems, Boeing’s largest fuselage supplier, has already adjusted its output to accommodate the change. In August, the company lowered its fuselage production from 31 to 21 per month, reflecting the adjusted master schedule communicated by Boeing. Joe Buccino, a spokesperson for Spirit AeroSystems, explained, “We make adjustments in accordance with our agreements with Boeing, but such changes do create complexities when it comes to managing our own supply chain.”

The need for such delays stems from ongoing safety and regulatory issues, including the well-publicized incident in January when a door panel blew off mid-flight during a 737 Max test flight. This has led to additional regulatory scrutiny, further complicating Boeing’s efforts to accelerate production. As one industry analyst noted, “Boeing is in a constant dance with regulators, and every time there’s a safety incident, the choreography becomes more intricate and challenging.”

Supply Chain Strain: Impact on Smaller Suppliers

While large suppliers like Spirit AeroSystems have the flexibility to adjust, smaller suppliers are facing more severe challenges. Many smaller firms now find themselves grappling with the financial burden of slowing production while maintaining operations. These firms often carry the costs of materials and labor as work-in-progress inventories build up. One source within a smaller supplier expressed frustration, saying, “We’re carrying costs for parts that won’t be needed for another six months. That’s tough on a small business.”

Boeing’s revised schedule is leaving suppliers with difficult decisions about how to navigate the next several months. Some are exploring options to diversify their client base, looking to competitors such as Airbus or Embraer to offset the reduced demand from Boeing. Industry insiders suggest that the extended delays may cause some suppliers to rethink their long-term relationships with Boeing, opting instead for more stable production timelines from other manufacturers. “If Boeing can’t provide predictability, some suppliers may be forced to shift their focus to other OEMs like Airbus, which has its own challenges but at least maintains consistent communication,” said Addison Schonland, an aviation analyst.

Internal Moves: Boeing’s Organizational Restructuring

In response to the ongoing production challenges, Boeing is also reorganizing its internal teams to better coordinate between operations and contracts. One source familiar with Boeing’s operations mentioned that Boeing Commercial Airplanes is consolidating its operations and contracts teams to streamline communication between the company and its suppliers. The goal is to reduce the miscommunication that has plagued production schedules in the past and improve overall supply chain management.

Boeing’s leadership acknowledges the complexity of balancing production with supplier readiness. In a statement during Boeing’s second-quarter earnings call, CFO Brian West remarked, “Our objective remains to keep the supply chain paced ahead of final assembly to support stability. But we continue to make adjustments as needed and manage supplier by supplier based on inventory levels.”

Industry Implications: A Broader Aerospace Struggle

Boeing’s production struggles aren’t happening in isolation. Its chief competitor, Airbus, is also facing supply chain issues, though it has been more optimistic about meeting revised targets. Airbus has set a goal of delivering 770 planes by the end of 2024, but CEO Guillaume Faury acknowledged that the target remains a “big challenge” due to global parts shortages. The aerospace industry as a whole is navigating a post-pandemic environment marked by surging demand but constrained by supply chain disruptions and labor shortages.

#BREAKING: Passengers onboard the terrifying midair door blowout on an Alaska Airlines flight were told by the FBI that they may be victims of a crime
⁰#UnitedStates | #USA ⁰⁰All 171 Passengers aboard the Alaska Airlines Boeing 737 Max 9, which experienced a midair door… pic.twitter.com/GctCwBGOyL

— R A W S A L E R T S (@rawsalerts) March 22, 2024

For Boeing, the stakes are high. The 737 Max remains its best-selling jet, and delays in increasing production rates threaten to erode its competitive edge. Furthermore, labor tensions are brewing, with the president of Boeing’s largest union indicating that members may reject a contract deal, potentially leading to a strike at Boeing’s facilities near Seattle. If a strike occurs, it could further delay Boeing’s production targets and exacerbate supply chain issues.

The Road Ahead: Will Boeing Recover?

As Boeing grapples with its production delays and regulatory challenges, the road to recovery looks long and uncertain. Industry insiders believe that Boeing will need to navigate not just its internal production challenges but also external pressures from suppliers, regulators, and labor unions. A strike or further safety incidents could delay the 737 Max program even further, leaving Boeing in a precarious position in the competitive aerospace market.

Boeing’s ability to maintain strong relationships with its suppliers will be critical in the coming months. As one supplier put it, “We’re all in this together, but Boeing needs to ensure that we can weather this storm alongside them. If not, they risk losing more than just time—they could lose the trust of key partners.”

In a high-stakes industry where timing and reliability are everything, Boeing must find a way to get its production back on track, or it may find itself losing ground to its European competitor. For now, all eyes remain on March 2025, the next critical milestone for the 737 Max program.

Apple has had a sweetheart deal with Ireland for years before the EU Commission ruled the deal was illegal. Apple and Ireland have both defended the deal and its legality, even scoring a win at the lower General Court of the European Union.

The EU’s top court has ruled against Apple, calling it “a big win.”

The Irish government, in a statement, reiterated its support of its deal with Apple, saying it did not give preferential treatment to companies.

The Government of Ireland has today (Tuesday) noted the statements in relation to the judgment from the Court of Justice of the European Union (CJEU) that did not find in favour of Ireland’s arguments in the Apple State aid case. We will consider the judgment carefully when it is circulated.

The Irish position has always been that Ireland does not give preferential tax treatment to any companies or taxpayers. The CJEU has found that the tax paid was insufficient and that a greater amount of taxation was required to be recovered. Ireland will of course respect the findings of the Court regarding the tax due in this case.

Today’s judgment provides the final determination in this case and the process of transferring the assets in the Escrow Fund to Ireland will now commence in the manner prescribed in the Deed governing the operations of the Escrow Fund.

Apple’s Ireland tax deal has been a significant part of its financial strategy. With the loss of the deal, only time will tell if Apple keeps its Irish operations open or works to find another, more welcoming jurisdiction.

A Shift Toward Reasoning-Centric AI

The key differentiator of Strawberry lies in its reasoning power. Unlike traditional AI models that produce immediate responses based on probabilistic patterns, Strawberry incorporates a process of “deliberation.” According to early testers, Strawberry pauses to “think” before responding to queries. This deliberate step allows the AI to process more complex inputs and provide more accurate, well-considered outputs.

“Strawberry isn’t about rapid-fire answers. It’s about precision and thoughtfulness,” said one tester familiar with the project. “This model is designed to handle the kinds of intricate, multi-step problems that have previously stumped AI systems.”

For business leaders, this shift from fast response times to more thoughtful and reasoned outputs is critical. Complex problem-solving, particularly in domains like finance, healthcare, and engineering, requires AI that can engage in deep analysis, rather than providing shallow, quick responses.

Targeting Enterprise Use Cases

OpenAI’s goal with Strawberry is to provide solutions that go beyond surface-level AI applications. According to early reports, the model is geared towards enterprise applications that demand high levels of precision, such as data analytics, programming, and legal analysis.

While current models like GPT-4 have excelled in generating text-based responses, they often falter in scenarios requiring logical reasoning or multi-step problem-solving. Strawberry aims to address these shortcomings. “We’ve been waiting for an AI that can handle long-term, complex reasoning,” said a source from a financial firm that tested the model. “This is exactly the kind of capability we need to integrate AI deeper into our operational workflows.”

One significant business application could be legal document review, where AI models must navigate complex legal language and reasoning. Strawberry’s design suggests it could excel in environments where understanding nuanced, multi-faceted queries is critical.

A Focus on Enterprise-Grade Features

OpenAI’s new model is reportedly targeting more enterprise-grade features, including rate-limited access and potentially higher pricing tiers for companies that demand faster responses. Some testers have noted that Strawberry takes around 10 to 20 seconds to produce an output. While this might seem slow compared to earlier iterations of ChatGPT, it’s a necessary trade-off for delivering more accurate results.

OpenAI is reportedly considering high-priced subscriptions up to $2,000 monthly for new AI models like reasoning-focused Strawberry and flagship Orion LLMs (though final prices are likely to be lower), while seeking billions in funding from investors such as Microsoft, Apple, and… pic.twitter.com/6GBC0pGxOZ

— Tibor Blaho (@btibor91) September 5, 2024

“Some early feedback suggests that the reasoning capabilities are vastly superior to what’s currently available, even if the model takes a bit longer to generate responses,” said another source with knowledge of the model’s testing phase. “For enterprises, the quality of the result is far more important than speed. If it takes a few more seconds to get an answer that can truly solve a business problem, it’s worth it.”

This emphasis on delivering accurate and thoughtful results could push OpenAI into deeper competition with other AI companies like Google and Meta, both of which have been working on improving reasoning capabilities in their own models.

Standalone Offering or Integrated Product?

While Strawberry will be integrated into ChatGPT, early reports suggest that it may also be offered as a standalone product. However, details on how it will be made available remain unclear. Some experts speculate that it could be positioned as an upgrade option within OpenAI’s existing product suite, particularly for enterprise customers who need access to more advanced reasoning tools.

“There’s speculation that Strawberry could be part of a dropdown menu in ChatGPT, allowing users to select models based on their specific needs,” noted a source close to OpenAI. “This would allow companies to choose Strawberry for high-value tasks that require complex problem-solving while sticking with simpler models for routine tasks.”

If this approach is taken, it could provide businesses with greater flexibility in how they leverage AI models across different functions, streamlining processes without sacrificing quality where it’s most needed.

Challenges on the Horizon

Despite the excitement around Strawberry, some insiders have voiced concerns about the model’s scalability. Processing complex reasoning tasks demands significant computational resources and some fear that Strawberry may struggle under the weight of large-scale enterprise deployments.

“There’s a real concern about whether OpenAI can scale this model effectively,” said an AI analyst. “Enterprises need models that can handle millions of inferences at once without breaking down. That’s going to be a huge challenge for Strawberry.”

Another challenge lies in Strawberry’s lack of multimodal capabilities—at least in its initial release. The model will only be able to process and generate text, unlike other AI models that can handle images and videos alongside text. This could limit its applicability in sectors like media or entertainment, where multimodal functionality is increasingly becoming the norm.

What’s Next for OpenAI?

Strawberry’s release is part of OpenAI’s broader strategy to solidify its foothold in the enterprise AI market. With more than 1 million paying users across its business products, OpenAI is betting heavily on AI as a service, aiming to be the go-to provider for businesses looking to integrate AI into their operations.

However, Strawberry is not the end game. Insiders have hinted that this model is a precursor to even more advanced systems currently in development at OpenAI, including models that may integrate both reasoning and multimodal capabilities. Strawberry’s ability to generate synthetic data for training future models could play a crucial role in this evolution.

As OpenAI CEO Sam Altman recently stated, “We’re constantly evolving. Each new model builds on what came before, but we’re still just scratching the surface of what’s possible.”

For tech executives, the message is clear: AI is moving beyond simple automation and toward more complex, human-like reasoning. As these systems become more sophisticated, businesses that adopt them early will be well-positioned to leverage AI as a true competitive advantage.

A New Frontier in AI

With the imminent release of Strawberry, OpenAI is making a strategic shift from fast and predictive AI responses to models that focus on reasoning and accuracy. For tech executives, the introduction of reasoning-focused AI signals an evolution in how businesses can harness artificial intelligence—not just as a tool for automation, but as a core asset for solving complex, high-stakes challenges.

The focus on deliberation rather than speed reflects OpenAI’s understanding of enterprise needs. In industries like finance, healthcare, and legal services, the quality and depth of responses are far more important than quick turnaround times. As one tester put it, “Accuracy is what companies will pay for, and Strawberry is being built to deliver that.” OpenAI is positioning itself to serve those businesses that require AI models capable of tackling intricate problems, long-term projects, and multi-step processes—problems that previous AI models have struggled to handle effectively.

"OpenAI’s reasoning-focused AI is coming sooner than we thought." -> OpenAI aims to release its reasoning-focused Strawberry AI within two weeks as a model users can pick in ChatGPT; it will lack multimodal capabilities

And 10-20 seconds? "What most differentiates Strawberry… pic.twitter.com/a6Q3YwVxzV

— Glenn Gabe (@glenngabe) September 10, 2024

Moreover, the business implications extend beyond immediate reasoning. Strawberry’s capacity to generate high-quality synthetic data for future training purposes gives OpenAI a potential edge in developing even more sophisticated AI systems. This positions the company as a leader not just in AI deployment, but in shaping the future of AI model development.

For tech leaders, the message is clear: the AI landscape is shifting toward tools that offer deeper insights, more reliable reasoning, and tailored enterprise solutions. Those who integrate these advanced capabilities early will gain significant competitive advantages. As AI technology continues to evolve, adopting models like Strawberry will likely become crucial for companies that aim to stay ahead in an increasingly automated and data-driven world.

In short, OpenAI’s release of Strawberry underscores that AI is no longer just about speed—it’s about thinking smarter and delivering real business value through precision and advanced reasoning. This shift promises to redefine how enterprises approach AI, and tech executives would do well to pay attention.

1⃣GPT-Next: 100x More Powerful Than GPT-4, Powered by Project Strawberry

At the KDDI Summit 2024, the CEO of OpenAI Japan announced that GPT-Next will be 100 times more powerful than GPT-4.

The model is said to use a smaller version of OpenAI’s secretive Project Strawberry. The… pic.twitter.com/8J9gRbGeIF

— Masters of Work (@Mastersofwork) September 5, 2024

Union President Jon Holden, who leads the International Association of Machinists (IAM) District 751, expressed a grim outlook ahead of Thursday’s vote. “The response from people is it’s not good enough,” Holden told The Seattle Times. “Right now, I think it will be voted down, and our members will vote to strike.”

The Contract That Sparked the Unrest

At the heart of the discontent is the gap between worker expectations and the actual terms of the contract. The proposed wage increases — 25% over four years — are seen by many as inadequate in light of inflation and a decade of stagnant wages. Boeing employees, particularly those in Seattle and Everett, have seen the cost of living soar while their wages remained stagnant. “We deserve more than what’s being offered. After 10 years of losing ground, we’re just trying to catch up,” one 34-year Renton mechanic said.

There is no deal at #Boeing the union membership is gonna reject the new contract. 33,000 Boeing workers will go on STRIKE! This proposed contract is an insult to our members. pic.twitter.com/0nBJVVwm0F

— Ben Cruz (@WestsideXfiles) September 10, 2024

Francis King, a machinist with 37 years of experience, echoed these sentiments, stating, “Bottom line, it’s absolutely unacceptable. The inflation rate’s at 4%, and they’re offering the same for the second and third years.” Workers are particularly angered by the fact that the performance-based bonus program, known as the Aerospace Machinists Performance Program (AMPP), would be eliminated under the new contract. This bonus was often a critical part of employee compensation, providing up to 4.6% in additional annual income. “They’ve taken away our incentive bonuses, and that’s going to hurt,” Rob Davis, a mechanic in Everett, explained.

A Decade of Concessions

Much of the frustration stems from the painful concessions Boeing workers agreed to in the last decade. In 2014, the IAM negotiated a contract extension that increased healthcare costs and froze pensions, which left many workers feeling betrayed. “It’s hard to come off 10 years when you lost so many things that were critical,” Holden said in reference to the 2014 contract, acknowledging the lasting bitterness from that period.

The new vote on authorizing a strike at Boeing hasn’t even happened but many machinists say they are ready to reject the new offer and walk picket lines until they what they want. @komonews pic.twitter.com/aQBS51YL6A

— Denise Whitaker (@deniseonKOMO) September 10, 2024

Workers were particularly disappointed by the lack of a pension restoration in the new agreement. “You need to get that pension back,” King added. “Some other companies doing the same work have restored pensions, so it’s possible.” Many Boeing employees feel the pension plan was an essential part of their financial future, and its absence in this new deal leaves them uncertain about their long-term security. “If they can pay a CEO $35 million a year, that’s what, the best they can do?” lamented Alexander, another union machinist.

Boeing’s Struggles Amid Labor Tensions

Boeing itself is facing an array of internal and external challenges. The company is still recovering from the fallout of its 737 MAX crisis and is now grappling with significant production issues and regulatory scrutiny. Its credit rating teeters just above junk bond status, and a strike could spell disaster for the company’s already fragile financial state. New CEO Kelly Ortberg, who took over in August, has been tasked with steering Boeing through these challenges, but the looming threat of a strike could derail those efforts.

@GayBearRes @MacroEdgeRes @DiMartinoBooth @VladTheInflator, Boeing $BA employees getting shafted from this deal, people not happy. $3k bonus in 2008, $3k bonus in 2024 #Boeing #IAM751 pic.twitter.com/MH7igRGyxa

— LarpOsinter (@LarpDefender) September 8, 2024

Ortberg personally intervened during the labor negotiations to secure a commitment on job security, promising that Boeing’s next plane would be built in the Puget Sound region if it were launched during the contract’s four-year term. “He did give a commitment on job security,” Holden said, acknowledging Ortberg’s role in the talks. “But now we have work to do to make it worth something.”

Still, many workers remain skeptical. As Francis King pointed out, “We’re just not seeing enough in this contract to make us feel secure about our future.” Others worry that Boeing’s recent quality issues — including a door plug incident on an Alaska Air 737 MAX — are indicative of deeper problems within the company that won’t be solved by a new contract alone.

Strike Preparations Are Underway

If union members vote down the contract, a strike could begin as early as Friday, and workers are already preparing for that possibility. In Everett, Renton, and other Boeing locations, machinists have been holding break-time marches to demonstrate their dissatisfaction. “There’s a lot of frustration in the building,” said Brandon Felton, a machinist who participated in the marches. “We’re all together on this, and we’re ready to walk.”

Today in Everett: pic.twitter.com/cmTYrOQf6O

— Dominic Gates (@dominicgates) September 10, 2024

Leaflets circulating through Boeing’s factories encourage workers to reject the deal and authorize a strike. One leaflet, viewed by Bloomberg, urged machinists to “Stand strong” and push for a 40% wage increase, along with the restoration of pensions and a seat on Boeing’s board. “We deserve a fair deal,” the leaflet declared, reflecting the sentiments of many Boeing employees.

The $3,000 signing bonus offered in the current contract has also been a point of contention, with workers recalling the $15,000 bonus they received in 2014. “A $3,000 bonus in 2024 is laughable,” said one Boeing employee, comparing it to inflation and rising costs. “Every employee I’ve spoken to said they are voting NO,” added another, emphasizing the collective anger over the proposed contract terms.

The Impact of a Potential Strike

A strike at Boeing could have far-reaching consequences, not just for the company but for the broader U.S. economy. Boeing employs more than 140,000 people globally and plays a critical role in both the commercial and defense sectors. If the strike proceeds, Boeing’s production of the 737 MAX and 777X aircraft would come to a halt, causing disruptions across the entire aerospace industry. The company would also face mounting debt, exacerbating its already precarious financial situation.

A strike would also be a significant setback for CEO Kelly Ortberg, who was brought in to stabilize Boeing after years of turmoil. His ability to negotiate labor peace and keep production running smoothly is crucial to Boeing’s recovery, particularly as it faces increased scrutiny from regulators and customers. A protracted strike could delay Boeing’s plans to ramp up production of its best-selling jets and further weaken its competitive position in the global market.

Will Workers Accept the Deal?

For now, all eyes are on Thursday’s vote. While union leaders, including Holden, are recommending that members accept the contract, many workers feel that the deal doesn’t go far enough to address their financial concerns and restore the benefits lost over the past decade. As machinist Francis King succinctly put it, “We need to hold strong. This deal isn’t enough, and we deserve better.”

Got to love a company full of smart people that can sift through the of @IAM751 #IAM751. Wage increases are really just 11%, basically telling Union Members to GFY $BA #Boeing cc @MorePerfectUS @krism @VladTheInflator @DiMartinoBooth pic.twitter.com/7CcMdMIxVb

— LarpOsinter (@LarpDefender) September 8, 2024

Should the workers vote to strike, Boeing will not only face the challenge of resolving the labor dispute but also the financial and operational consequences of a walkout that could cripple its production lines and stall its long-term recovery efforts.

In the words of Jon Holden, “It’s in the members’ hands now. We will use the power they give us to fight for more.”

“Mario Draghi’s critique is accurate,” Musk wrote, emphasizing that a thorough review of the EU’s regulatory landscape could “eliminate unnecessary rules” and “revitalize growth.” In his view, regulations in Europe should follow the principle of “default legal, rather than default illegal,” a fundamental shift from the EU’s current practice of requiring companies to seek explicit permission for many activities.

Draghi’s Report: A Call for Simplification

The public exchange follows the release of a report by Draghi, commissioned by the EU to analyze Europe’s future competitiveness. Draghi’s recommendations include streamlining existing rules, cutting bureaucratic overlap, and ensuring that European businesses are not burdened with excessive red tape. He suggests appointing a new “Commission Vice President for Simplification” to spearhead these efforts, signaling a shift towards a more business-friendly regulatory environment.

Mario Draghi’s critique is accurate.

A thorough review of EU regulations to eliminate unnecessary rules and streamline activity in Europe would revitalize growth and strengthen competitiveness.

Things should be default legal, rather than default illegal. https://t.co/NQQom5OYIS

— Elon Musk (@elonmusk) September 9, 2024

The proposal resonates with previous calls from member states such as France and Germany to ease the so-called “regulatory burden,” which they believe hampers European companies’ ability to compete on the global stage. Draghi’s report also echoes a broader sentiment across Europe that excessive regulation is throttling innovation, especially in key sectors such as technology and renewable energy.

Musk’s Frustration with EU Regulations

Musk’s own frustrations with the EU’s regulatory framework have been evident for some time. X, the platform he owns, is currently under investigation by the European Commission to assess its compliance with the bloc’s stringent content moderation rules under the Digital Services Act (DSA). Musk’s argument, as he has expressed in multiple forums, is that regulations should encourage innovation rather than serve as roadblocks.

“Things should be default legal, rather than default illegal,” Musk reiterated in his response to Draghi’s report, emphasizing that an overhaul of the EU’s regulatory environment would strengthen Europe’s competitiveness in the global economy.

Musk’s critique of EU regulations extends beyond social media. Tesla, the electric vehicle company he founded, has faced numerous regulatory hurdles in Europe, particularly in Germany, where the construction of its Gigafactory faced delays due to environmental regulations. These experiences have seemingly solidified Musk’s view that the EU’s regulatory system needs significant reform to foster innovation.

Broader Criticism and Support for Draghi’s Ideas

Musk’s praise for Draghi isn’t without its critics. Some have argued that Draghi’s proposals don’t go far enough in addressing the fundamental issues facing Europe’s regulatory system. Critics like economist Michele Geraci argue that while reducing bureaucracy is a step in the right direction, Europe’s deeper problem lies in the very structure of the EU, which often favors established businesses and stifles competition.

Geraci points out that the EU, in its effort to harmonize rules across its member states, has created a “meta system” that disproportionately benefits large corporations, particularly in sectors such as telecommunications and energy. “The EU’s regulatory framework often ends up protecting national champions at the expense of dynamism and innovation,” Geraci said, echoing Musk’s concerns about the negative impact of red tape on competition.

Supporters of Draghi’s vision, however, argue that cutting red tape is precisely what Europe needs to reclaim its competitive edge. They point to the rapid rise of China and the United States in technological innovation and suggest that Europe risks falling behind if it doesn’t adopt a more flexible regulatory approach. “The EU’s regulatory framework, while intended to harmonize and protect, often results in a bureaucratic quagmire that stifles innovation and economic dynamism,” said Claudio Sene, a European business expert.

The Future of EU Regulations

With Musk’s high-profile endorsement of Draghi’s report, pressure may mount on the European Commission to consider regulatory reform more seriously. EU Commission President Ursula von der Leyen has already acknowledged Draghi’s recommendations, stating that the Commission is “eager to listen” to his views on improving Europe’s competitiveness. Whether or not these recommendations translate into concrete policy changes remains to be seen, but the debate over the EU’s regulatory future is clearly gaining momentum.

As Europe grapples with how to position itself in an increasingly competitive global marketplace, voices like Musk’s—who has a vested interest in seeing less red tape—are likely to play a growing role in shaping the discussion. Whether Draghi’s report will spur real change or simply fuel more debate, one thing is clear: the call to cut EU regulations has a powerful new advocate in Elon Musk.

For now, Musk’s message is unmistakable: Europe must adapt or risk being left behind. And in his view, that adaptation starts with a radical rethinking of the EU’s approach to regulation. “Regulations should exist to foster innovation, not hinder it,” Musk concluded.

The agreement includes a 25% wage increase over the next four years, job security guarantees, and significant improvements in healthcare benefits. Notably, Boeing has committed to building its next commercial airplane in the Puget Sound region of Washington, ensuring job security for thousands of workers. IAM District 751, representing over 33,000 Boeing employees, will vote on the proposed contract on September 12.

A Critical Moment for Boeing

The negotiations took place against the backdrop of Boeing’s wider struggles. Following the near-catastrophic January incident involving a 737 MAX and persistent production delays, Boeing’s recovery has been slow. The threat of a strike couldn’t have come at a worse time for the aerospace giant. “A strike would have been disastrous for Boeing,” said Claire Bushey of Financial Times. “It could have delayed the production of its strongest-selling aircraft, the 737 MAX, and further strained its already precarious financial situation.”

Boeing is currently ramping up production to meet a target of 38 aircraft per month by year’s end, a goal made even more critical by increasing competition from Airbus and ongoing scrutiny from regulators. A previous IAM strike in 2008 cost Boeing an estimated $2 billion, and another strike would have been equally, if not more, damaging.

What’s in the Agreement?

Union leaders fought hard for their members. The initial demand was a 40% wage increase, as well as the reinstatement of traditional pension plans. While the final wage increase fell short of those expectations, union representatives see the deal as a win. “The pay raises may not be exactly what we asked for, but securing the next airplane program for Puget Sound was a top priority,” said IAM President Jon Holden.

The proposed contract also includes a $3,000 ratification bonus and introduces a new retirement savings plan with company contributions. According to Boeing CEO Kelly Ortberg, the deal reflects Boeing’s long-term commitment to its workforce. “We have listened to what’s important to our employees, and we are ensuring that Boeing remains a strong presence in the Pacific Northwest for generations to come,” Ortberg said in a statement.

Employee Sentiment: Cautious Optimism

Although union leaders are urging their members to accept the deal, sentiment among Boeing’s workforce is mixed. Anti-management feelings have been simmering for years, especially among workers who feel betrayed by Boeing’s decision to scrap pensions a decade ago. “This contract is a step in the right direction, but we’re not forgetting the sacrifices we made in the past,” said an anonymous Boeing employee in Seattle.

IAM District 751 has long been a powerful voice in shaping Boeing’s labor policies. The union’s insistence on including the future aircraft production in the Pacific Northwest is seen as a major victory. “There is no Boeing without the IAM,” Holden emphasized, underscoring the union’s vital role in Boeing’s success.

Challenges Still Loom

Even with this tentative deal, Boeing is not out of the woods. The company is facing production delays and technical issues across its product lines, including the 737 MAX, 767 Tanker, and 777X. In addition, Boeing’s space division is struggling, particularly with its Starliner spacecraft, which failed to bring its crew back from the International Space Station as planned earlier this year.

Yet, this new agreement may provide a much-needed sense of stability for Boeing’s workforce and its future. “This deal could be the foundation for Boeing’s long-term recovery,” said Sara Samora, a reporter with Manufacturing Dive. “By securing labor peace, Boeing can now focus on solving its operational challenges and regaining the trust of its customers and regulators.”

The outcome of the IAM vote on September 12 will determine whether this fragile peace will hold, but for now, Boeing appears to have successfully averted a major labor crisis.

This landmark agreement, while not fulfilling all of the union’s initial demands, showcases the complex balance Boeing must strike between maintaining financial stability and addressing the concerns of its critical workforce. As Boeing continues its production ramp-up and navigates an evolving aerospace landscape, its relationship with the IAM will remain a key factor in its recovery.

Why the S&P 500 Inclusion Matters

The S&P 500 is one of the most influential stock indices globally, serving as a benchmark for large-cap U.S. equities. Inclusion in this index often leads to a surge in demand for a company’s shares, primarily because index funds and ETFs that track the S&P 500 must purchase shares of the newly added companies. For Dell and Palantir, this marks a significant milestone, positioning them among the elite companies in the U.S. economy.

Valérie Noël, Head of Trading at Syz Group, noted the immediate market reaction to the announcement: “Palantir shares surged 7.52% in after-hours trading, while Dell shares jumped 5%. This is a clear signal of the market’s confidence in the growth prospects of these two companies as they prepare to join the S&P 500.” Both companies have been growing their influence in the tech space, and this inclusion is expected to further solidify their market positions.

Palantir: Riding the AI Wave

Palantir, co-founded by tech billionaire Peter Thiel, has been riding the wave of artificial intelligence (AI) growth. The company, known for its big data analytics platforms like Palantir Gotham and Palantir Foundry, has been gaining momentum as governments, law enforcement, and financial institutions increasingly rely on AI and machine learning for data-driven decision-making.

Palantir’s shift towards AI and its commercial applications has bolstered its financial performance, with the company achieving consistent revenue growth and profitability since 2022. According to Bodhi Blake, a development specialist at Google, “Palantir has long been considered a key player in the AI space, and its inclusion in the S&P 500 further underscores its importance in the tech sector.”

Palantir’s expanding commercial business, particularly its AI tools, has driven its stock to new highs in 2024. As Dr. Koay, an AI advisor, noted, “Palantir’s consistent revenue growth and profitability are encouraging, but shareholders should keep an eye on the long-term risks, especially its focus on government contracts, which could face competitive challenges.”

Dell’s AI Strategy Pays Off

Dell Technologies, long known for its dominance in the hardware space, has shifted its focus toward AI infrastructure. The company has been capitalizing on the increasing demand for servers and storage solutions capable of handling AI workloads. This strategic pivot has led to stronger-than-expected revenue growth, with Dell benefiting from its AI server sales.

Dell’s AI-centric strategy has proven to be a lucrative move, with the company reporting better-than-expected earnings in recent quarters. The company’s inclusion in the S&P 500 reflects its growing importance in the tech sector, particularly in providing the hardware necessary to power AI advancements. “Dell’s re-entry into the S&P 500 after a strong performance in AI server sales highlights its growing relevance in the tech space,” said Dr. Koay.

However, as with Palantir, Dell’s success in the AI space also comes with risks. As demand for AI infrastructure fluctuates, Dell may face volatility in its revenue streams, making long-term growth a key focus for investors.

The Ripple Effect on American Airlines, Etsy, and Bio-Rad

While Dell and Palantir celebrate their inclusion in the S&P 500, the companies they are replacing—American Airlines, Etsy, and Bio-Rad Laboratories—are facing the opposite effect. Removal from the index typically leads to a decline in stock prices as index funds sell off shares to align with the new composition.

American Airlines, in particular, has been struggling with rising labor costs and delayed deliveries of new planes, which have hurt its profitability. Following the announcement, American Airlines shares dropped 0.8%, adding to a 21% year-to-date decline. Etsy, which will move to the S&P SmallCap 600, also saw a slight decline in its stock price.

What Sets Chat LLM Teams Apart?

At its core, Chat LLM Teams provides users with access to multiple AI models that each bring their own strengths to the table. According to Abacus AI, “if you haven’t been paying attention to the nuances in different AI models, they’re all slightly different,” and this distinction is what makes the platform so powerful. For example, models like Gemini 1.5 Pro are praised for their creativity, while others, like Claw 3.5 Sonic, offer more logical and intelligent responses.

This variability makes Chat LLM Teams an effective tool for users looking to get the best out of AI. Instead of being locked into one model, users can switch between models based on the task at hand. As one user notes, “I can switch from GPT-4.0 to Gemini 1.5 Pro and immediately see how much more creative the output is.” This flexibility means users can tailor their interactions with AI, whether writing poetry or drafting a formal email.

A Game-Changer for Content Creation and Automation

One of the most impressive features of Chat LLM Teams is its ability to generate content across different formats. From image generation to code snippets, the platform is designed to assist in everything from creative brainstorming to technical troubleshooting. “I asked it to generate a basic HTML page with ‘Hello World,’ and not only did it give me the code, but it also provided a live preview,” said an enthusiastic user. This feature is invaluable for developers who want to quickly prototype ideas and see the results in real-time.

For those working with documents, Chat LLM Teams allows users to interact directly with PDFs and other files. Whether you need a quick summary of a lengthy report or specific data points, the AI can extract the information almost instantly. “I uploaded an annual report and asked for a summary. Within seconds, it provided a concise overview of the key points,” says one user. This capability saves time and improves efficiency, especially for professionals managing large amounts of information.

Humanizing Text and Making It Personal

Another standout feature of Chat LLM Teams is its ability to humanize text. When generating written content, users can click a button to make the text sound more professional, empathetic, or even humorous, depending on the tone they want to achieve. “I asked it to write an email to my boss saying I couldn’t come to work, and with the click of a button, it transformed a bland message into something polite and caring,” one user shared. This feature is particularly useful for businesses needing to adapt messaging for different audiences, ensuring that communication remains on-brand and emotionally resonant.

Collaboration and Integration Across Platforms

Collaboration is key in today’s business world, and Chat LLM Teams excels in this area. The platform allows users to invite team members to work together in real-time, and it seamlessly integrates with popular applications like Slack and Google Drive. This means that insights and content generated by the AI can be easily shared across teams and platforms, making it an ideal tool for businesses of all sizes.

Setting up integrations is simple. Users can connect their favorite messaging apps or file storage services in just a few clicks. “You can set up various applications to connect with Chat LLM Teams, so using state-of-the-art AI models within your existing workflow becomes effortless,” says Abacus AI.

Custom Chatbots and AI Agents

One of the most advanced features of Chat LLM Teams is the ability to create custom chatbots and AI agents. These tools can be used for everything from automating customer service responses to handling complex tasks like document generation and analysis. Users can upload documents, set up data pipelines, and even create AI agents that perform specific functions based on the content.

Creating a custom chatbot is straightforward: users upload documents or data, and the chatbot is trained on that information. “I created a chatbot for our internal knowledge base in minutes,” one user shared. For more advanced users, AI agents can handle even more complex workflows, streamlining business processes and reducing the need for manual intervention.

The Future of AI at a Bargain Price

Perhaps the most surprising element of Chat LLM Teams is its price point. At just $10 a month, it offers access to multiple AI models and features that would cost significantly more if purchased separately. “For the amount of value you’re getting, it’s hard to believe it’s only $10,” one user remarked. This price makes Chat LLM Teams accessible to small businesses, freelancers, and even individual users looking to harness AI without breaking the bank.

Abacus AI’s Chat LLM Teams represents a good step forward in AI accessibility and functionality. It’s poised to become a go-to platform for anyone looking to leverage AI in their day-to-day tasks by bringing together multiple models, powerful content creation tools, and seamless integrations. And with its affordable pricing, it’s not just for big companies—anyone can start using AI to boost productivity and creativity.

Graham’s articulation of Founder Mode is more than just a buzzword; it is an ideology rooted in personal connection and vision, as exemplified by figures such as Elon Musk, Steve Jobs, and most recently, Airbnb CEO Brian Chesky. In a recent Y Combinator event, Chesky’s talk went viral through Silicon Valley’s leadership circles. His central message? The advice given to him on how to run Airbnb as it grew was catastrophically wrong.

“Everyone told me to hire good people and let them do their jobs,” Chesky said, recalling how Airbnb, in its early days, followed the traditional managerial playbook. “But when I followed this advice, I almost lost control of my own company.” For Chesky, this traditional management model — where a CEO gives autonomy to their executives and steps back — wasn’t just ineffective; it was dangerous. “I realized that I had to be involved in every critical detail, or else things would fall apart.”

The Pitfalls of the Traditional Management Model

The core of Founder Mode’s rise stems from the failures of traditional management strategies when applied to innovative, high-growth companies. Conventional wisdom suggests that as companies scale, the role of the founder should evolve from hands-on leader to a delegator. This is often accompanied by hiring seasoned professionals to execute tasks, allowing the founder to focus on the big picture.

Brian Chesky’s experience with Airbnb highlights the pitfalls of this approach. “It sounded great in theory,” Chesky noted, “but in practice, what it led to was professional fakers taking charge. They knew how to talk the talk but not walk the walk. I had to step back in, roll up my sleeves, and get involved in the details.” The lesson Chesky learned — and which resonated with many founders in the room — was that delegation without oversight can be a recipe for disaster in the fast-paced world of tech startups.

Other tech icons, such as Tesla and SpaceX founder Elon Musk, have similarly espoused the importance of being deeply involved in the operations of their companies. Musk, who famously described himself as a “nano-manager,” often bypasses layers of management to engage directly with engineers and frontline employees. “I’m in the trenches with my team,” Musk has said on numerous occasions. “You can’t build something revolutionary by being distant.”

Paul Graham’s essay underscores the opinions voiced by many founders: the traditional management style, which treats parts of the company as modular units, doesn’t work for high-growth startups. “You tell your direct reports what to do and leave it to them to figure out how,” Graham wrote. “But in reality, this leads to a loss of control and direction.” Instead, what these founders discovered — sometimes painfully — is that their intimate knowledge of their company’s vision and operations is an irreplaceable asset.

The Essence of Founder Mode

At its core, Founder Mode is about maintaining control over the vision and execution of a company. Founders operating in this mode remain deeply involved in day-to-day operations, making decisions that go far beyond strategy. They stay connected with their teams at all levels, frequently engaging in what management literature would call “skip-level meetings” — meetings where the CEO interacts directly with employees several layers below their direct reports.

Steve Jobs, often cited as the archetype of the Founder Mode leader, was notorious for breaking traditional organizational norms at Apple. One of his most famous practices was hosting an annual retreat with what he considered the 100 most important people in the company. These individuals were not necessarily the highest-ranking executives, but those who Jobs believed had the greatest impact on Apple’s success. “It wasn’t about hierarchy,” said a former Apple executive. “It was about vision and execution. Steve knew that staying connected to those who were driving innovation was more important than adhering to an organizational chart.”

Founder Mode doesn’t equate to micromanagement, despite its close association with the term. Rather, it’s about being involved in areas that directly impact the company’s direction. As Paul Graham explains, “Founder Mode is a different way of running a company, where the CEO is involved not just with their direct reports, but in the detailed functioning of the company. It’s not about controlling every aspect, but about ensuring that the key elements align with the company’s vision.”

Breaking the Conventional Leadership Mold

This philosophy stands in stark contrast to the management styles advocated by business schools and professional managers. In business school, future leaders are taught to empower their teams, delegate effectively, and avoid micromanagement. These principles work well in stable, predictable environments, but in the ever-changing world of startups, they often fall short.

As Brian Chesky pointed out in his Y Combinator talk, “They teach you to trust your managers, but what happens when your managers don’t understand the product as deeply as you do? What happens when they’re making decisions that could compromise the vision you set out to build?” Chesky’s experience at Airbnb highlights a recurring issue among founders: the people hired to lead divisions often lack the founder’s deep understanding of the company’s mission and product.

Many founders, like Musk and Chesky, feel that professional managers, particularly those brought in from outside industries, lack the sense of ownership and vision that founders naturally possess. “Professional managers are skilled at managing up,” Graham wrote, “but they are often detached from the core product and customer experience. Founders, on the other hand, have an emotional connection to their companies that’s irreplaceable.”

The Risks of Founder Mode

While Founder Mode has garnered attention and praise for its ability to keep companies on track with their original vision, it’s not without its risks. Staying too involved in day-to-day operations can limit a company’s scalability. Founders who struggle to delegate can become bottlenecks, preventing teams from functioning efficiently. In extreme cases, this can lead to founder burnout, as CEOs spread themselves too thin trying to manage every detail.

Not every founder is equipped to thrive in Founder Mode. “Some founders mistake involvement for control,” said Henrik Torstensson, a veteran entrepreneur and venture capitalist. “You need to know when to step in and when to let go. Founders who micromanage every decision can stifle innovation and demotivate their teams.”

Additionally, while the success stories of Steve Jobs and Elon Musk are well-documented, not every founder achieves similar results. For every founder who successfully leads their company in Founder Mode, there are examples like Adam Neumann of WeWork or Elizabeth Holmes of Theranos, where a hands-on approach led to overreach, poor decision-making, and ultimately, the downfall of the company. “Founder Mode can be a double-edged sword,” Torstensson warns. “The key is balance — knowing when to stay involved and when to trust your team.”

Redefining Leadership

Despite the risks, Founder Mode is redefining leadership approaches in Silicon Valley and beyond. With high-profile examples of its success and an increasing understanding of its nuances, Founder Mode offers a compelling alternative to traditional leadership models. “It’s not about rejecting professional management,” said Jared Friedman, a partner at Y Combinator. “It’s about understanding that the founder’s role is unique and that their involvement in the company’s direction can be a competitive advantage.”

Founders who embrace this leadership style are proving that they don’t need to follow the established playbook. Instead, by staying deeply involved in the operations of their companies, they can ensure that their vision is realized, even as their businesses scale.

As Paul Graham succinctly puts it, “Founder Mode is more complicated than Manager Mode. But it works better.” For founders navigating the complexities of high-growth startups, this approach may offer the best chance of maintaining their vision, scaling their companies, and ultimately, reshaping industries. Founder Mode, it seems, is here to stay, reshaping not just companies but also the future of leadership itself in Silicon Valley and far beyond.

While the initial assumption may be that AI would reduce job opportunities in the field, recent data reveals a far more nuanced picture. AI, specifically in the form of large language models (LLMs), is enhancing productivity, improving the quality of translations, and—surprisingly—creating more job opportunities for translators. Yet, this is not a story without controversy, as professionals within the industry debate whether AI is truly a blessing or a looming threat.

AI’s Impact on Productivity: A Double-Edged Sword?

Nicholas Thompson, CEO of The Atlantic, has observed a counterintuitive trend: AI is increasing the number of people employed in translation. “Better LLMs increase the speed at which translators work,” says Thompson. “They increase the quality of work, and they increase the amount the translators are paid.” This is because AI allows translators to complete tasks more efficiently, meaning they can handle more work and increase their earning potential.

Recent studies support this claim. According to research, translators using AI models complete tasks 31% faster on average, with time reductions from 10 minutes per task to just over 6 minutes. This boost in productivity has translated into higher earnings, with AI-assisted translators making 16.1% more per minute than those who rely solely on manual efforts.

However, not everyone agrees that AI’s productivity benefits are wholly positive. Professional translator Susmi Rosenthal sees AI as more of a hindrance than a help. “AI translation is not very good at all and has not really become better,” she says. “What it does is make real translators spend time fixing junk at lower prices.” In Rosenthal’s experience, the quality of AI-generated translations can be so poor that correcting them often takes longer than translating the content from scratch. “I’ve had to cease working and send it back with the message that it needs total rework—full price.”

Quality Concerns: Can AI Match Human Expertise?

One of AI’s key promises is its ability to improve the quality of translations. LLMs are trained on vast amounts of data and can recognize patterns in language use, leading to more consistent translations that maintain uniform terminology and style. AI also benefits from continuous learning, meaning the models improve over time by gathering machine and human input feedback.

“LLMs increase the quality of work,” Thompson explains. AI models can translate text with greater fluency and contextual understanding, which allows businesses to expand their reach more easily. Companies like The Atlantic have started to use AI translations more frequently as the quality improves, and this trend is expected to grow across multiple industries.

But the question of whether AI can truly rival human expertise remains contentious. While AI may excel at basic translations, many professionals believe it struggles with the nuances of language that only humans can understand. “AI often fails to grasp cultural subtleties or idiomatic expressions,” says Inclusion Strategy & Inclusive Communications Consultant Claudia Vaccarone. “I see an increase in poor-quality translated content in direct mail. E-commerce companies use AI to translate their mailings, and I see egregious mistakes—misgendering customers or translating idiomatic expressions literally.”

This sentiment echoes the concerns of others in the field. For complex, specialized texts—such as legal or medical documents—AI is far from perfect. Translator John Woodworth emphasizes that AI models are unreliable for certain tasks. “Try a simple translation from one well-documented language to another and then back again,” he suggests. “It’s highly doubtful that an accurate meaning will survive.”

Job Creation or Job Erosion?

One of the most debated aspects of AI in translation is its impact on employment. Will AI lead to widespread job losses or create new opportunities for translators?

Data so far suggests that AI is helping to expand the translation industry by lowering the cost and time barriers to translation. This means that companies that previously didn’t invest in translation services can now do so, creating more demand. As Thompson explains, AI “makes it easier for companies that didn’t do any translation to do some, and for companies that do some to do more.” This shift has allowed media companies like The Atlantic to significantly increase their translation output.

Yet, the impact on job quality is a growing concern. Translator Bernhard Sulzer warns that while AI might create more jobs, it could also lead to a “flood of poorly translated content,” where less skilled workers are hired to clean up AI-generated translations. This could drive down wages and reduce the quality of work for those who have honed their craft over years of experience. “The less good/cheap translators you mention—they are not translators,” Sulzer asserts. “They may speak two languages, but they don’t do real translation.”

Moreover, while some translators are seeing increased pay due to AI, others fear that the commoditization of translation services will push rates down, particularly as companies turn to cheaper, AI-assisted workers. This potential race to the bottom raises ethical questions about the long-term sustainability of the profession.

AI’s Role in Globalization and Cross-Cultural Communication

On a broader scale, AI is opening new doors for global business. With its ability to translate vast amounts of content quickly and accurately, AI is helping companies break into new markets and improve cross-cultural communication. AI is a game-changer for businesses that need to localize their content for different regions.

“AI lowers barriers to entry,” says AI and tech expert Pradeep Sanyal. “We might see a surge in global content accessibility, which could dramatically shift the landscape of international communication and cultural exchange.” In this sense, AI has the potential to democratize translation services, making them more accessible to smaller businesses and emerging markets.

However, the industry must grapple with the ethical implications as translation becomes more automated. AI is far from perfect, and miscommunication due to faulty translations could lead to significant consequences—particularly in sensitive fields like healthcare or legal services. Moreover, the potential for AI to misinterpret cultural nuances remains a serious concern.

A Paradigm Shift in Translation Services

While AI is undoubtedly increasing productivity, improving quality, and creating more jobs, it is also raising questions about the industry’s long-term health. As Vaccarone points out, “Monolingual marketing executives at multinational companies are spamming us with poorly translated content,” signaling a potential decline in professional translation standards.

Yet many translators remain optimistic about the future. As AI continues to evolve, it will likely take on more routine, low-level tasks, allowing human translators to focus on high-value, complex projects. “AI is a force multiplier,” says Sanyal. It enhances human capabilities rather than supplanting them.

In the end, the role of AI in translation services will depend on how the industry adapts. If translators can leverage AI to amplify their skills rather than view it as a competitor, they may find themselves at the forefront of a rapidly expanding market. “The future of AI in translation,” says Thompson, “is not about replacing humans, but amplifying what they can do.”

While the technology has undeniably increased productivity and opened new opportunities, it has also sparked concerns about job quality, ethical standards, and the true extent of its capabilities. One thing is clear: human translators remain essential, not just for their linguistic expertise, but for their ability to capture the cultural and contextual subtleties that AI still struggles to grasp.

Munster’s confidence in AI as a market driver is unwavering. “We’re in a three to five-year bull market powered by AI,” he declared during a recent appearance on Fast Money. This isn’t just hyperbole. For Munster, AI represents not only a new technological frontier but the next seismic shift in the economy that could eclipse even the rise of the internet. “I’m of the belief that this is going to be bigger than the internet,” he added, making it clear that AI is not a temporary trend but the dawn of a new economic era.

Early Signs: Microsoft and the Rise of AI Adoption

One of the prime examples of AI’s growing influence, according to Munster, is Microsoft’s AI-powered products, especially its suite of productivity tools known as Copilot. Microsoft, which boasts over 450 million Office users, has barely scratched the surface in terms of AI adoption. “There are about 5 million users of Microsoft’s Copilot today,” Munster noted. “That’s a small base, but it’s growing rapidly.”

Indeed, Microsoft’s push into AI is in its early stages, and the potential for future growth is enormous. On the company’s April earnings call, executives highlighted that 60% of Fortune 500 companies were already experimenting with Copilot. By the next quarter, usage had doubled. Munster pointed out that while the growth has been impressive, it’s still off a small base—leaving plenty of room for expansion. “This is just scratching the surface,” he emphasized, hinting at the long runway ahead for AI adoption across enterprise and consumer markets.

But it’s not just the raw numbers that matter—it’s the value proposition. Munster acknowledged that while the benefits of AI tools like Copilot aren’t fully visible today, that will soon change. “The question is: Will these products deliver enough value for users to justify the price increase from $100 to $360 a year? I think we don’t see it today, but eventually, we will.”

A Bull Market Fueled by Competition

As with any technological revolution, competition will play a crucial role in shaping the future of AI. Munster believes Microsoft is well-positioned to lead the charge but acknowledges that rivals, such as Meta Platforms, are also making strides in AI. “Microsoft and Meta both have huge exposure to AI. Close to 100% of their business is ultimately going to be impacted by it,” Munster said.

Meta, a company traditionally associated with social media, has also pivoted towards AI, and Munster’s own investment firm, Deepwater, is betting on its future. “We own Meta, but we don’t own Microsoft,” Munster disclosed, citing valuation differences as the reason for this choice. “Meta trades at 20 times forward earnings, while Microsoft is at 26 times. Both will benefit from AI, but our portfolio reflects our view that Meta is the better value right now.”

This competitive landscape will likely fuel even more rapid advancements in AI as companies vie for market leadership. Munster isn’t concerned about Microsoft’s decision to charge an additional subscription fee for Copilot instead of folding it into existing Office software. “Ultimately, it’s about delivering value. If these AI tools can provide enough utility, people and businesses will pay for them,” he explained. He drew a parallel to the iPhone, which initially cost $400 but now averages $850. As AI products prove their worth, Munster expects similar price increases to be accepted by the market.

Azure and the A.I. Gold Rush

While Microsoft’s Copilot and Office products are pivotal, Azure, the company’s cloud platform, also plays a critical role in its AI strategy. Recently, Microsoft resegmented its financial reporting to separate Azure’s growth from its AI component, leading some analysts to express concern over the perceived “flat” performance of the non-AI parts of Azure. Munster, however, remains unphased. “Azure growth without AI isn’t as exciting, but AI is what’s driving the growth right now,” he said. “That’s okay. The AI gold rush is just getting started.”

Munster sees AI as the catalyst not just for individual companies but for the market at large. He believes we are still in the very early innings of this bull run. “I think this is going to grow much longer than people believe,” Munster said confidently, suggesting that the opportunities presented by AI will extend well beyond the next few years.

The Long-Term Vision: Bigger Than the Internet

If Munster is right, investors may be witnessing the start of a market revolution that could rival the dot-com boom of the late 1990s. “AI will be bigger than the internet,” he repeated, stressing the transformative impact that AI will have across industries. From healthcare to manufacturing, from retail to financial services, AI is poised to revolutionize how businesses operate, how consumers interact with technology, and ultimately, how the global economy functions.

For investors, Munster’s message is clear: now is the time to pay attention to AI and the companies driving its development. “We’re in the early stages, but this is going to be a multi-year bull market,” he reiterated, signaling that those who get in early stand to reap significant rewards as AI reshapes the market landscape.

In the meantime, Munster will be watching September’s Apple event closely for further evidence of AI’s growing influence. “I think what we’re going to see with Apple is the same kind of idea—how they’re building Apple Intelligence and getting people to buy hardware,” Munster said, hinting at Apple’s growing investment in AI-powered products. “Just like Microsoft, Apple will be successful at getting people excited about AI.”

Gene Munster’s message is simple: the AI revolution is here, and the market is only beginning to realize its full potential. Investors should take note because this bull market could be just getting started.

At the heart of the case is the Internet Archive’s controversial practice of scanning physical books and making them available digitally, which it defended as a modern extension of traditional library lending. However, the court saw otherwise. “IA’s Free Digital Library primarily supplants the original works without adding meaningfully new or different features that avoid unduly impinging on publishers’ rights,” wrote the court in its ruling. The decision not only halts the Archive’s book-lending program but also sets a legal precedent that could reverberate across the digital landscape.

The Battle Over Controlled Digital Lending

The Internet Archive has long operated its Open Library project, a digital platform where users can “borrow” digitized copies of physical books, adhering to a one-to-one owned-to-loaned ratio. Essentially, if a library owned a physical copy of a book, the Archive made a digital copy available to a user under strict lending conditions, mirroring the practice of traditional library loans. The concept of CDL hinges on the belief that lending a digital copy of a book is the functional equivalent of lending the physical version. However, four major publishers—Hachette, Penguin Random House, Wiley, and HarperCollins—vehemently disagreed.

In 2020, these publishers filed a lawsuit, accusing the Archive of willful copyright infringement. The Archive, they argued, was unlawfully distributing exact digital replicas of their works, undercutting the market for legitimate eBook sales and licensing. The court agreed, finding that the Archive’s practices were not protected by the Copyright Act’s fair use doctrine. “This ruling reaffirms the rights of authors and publishers to license and be compensated for their works,” said Maria Pallante, president and CEO of the Association of American Publishers. “It reminds us that infringement, even under the guise of public interest, is both costly and antithetical to the protection of creative works.”

The Fair Use Debate: What Constitutes “Transformative”?

A critical component of the court’s analysis was whether the Archive’s actions qualified as “transformative” under fair use. In copyright law, a transformative use adds new meaning, expression, or value to the original work. The Archive’s argument was that digitizing books to allow broader access through lending was transformative in nature. Joe Gratz, the Internet Archive’s lawyer, contended during the hearing that the nonprofit was simply using technology to perform the same functions libraries had always done. “Libraries have been lending books for centuries. What we’re doing is no different, except that it’s more efficient and accessible.”

However, the court pushed back on this narrative. “If print and eBook formats are considered distinct, and there are separate markets for them, why shouldn’t the law recognize that converting a paper book into a digital book isn’t just the same thing as passing around a paper book?” the judges asked. They ultimately ruled that the Archive’s digital copies were not transformative because they served the same purpose as the original works—reading—and did not add new content or functionality. “IA is asking us to bless large-scale copying and distribution of copyrighted books without permission or payment to the authors. This is not an approach the Copyright Act permits,” the court concluded.

The Implications for Libraries and Digital Access

The ruling has left many in the library and academic communities dismayed. Chris Freeland, the Internet Archive’s director of library services, expressed his disappointment in the outcome. “We are reviewing the court’s opinion and will continue to defend the rights of libraries to own, lend, and preserve books,” he said, reflecting concerns over the chilling effect this decision could have on digital preservation efforts.

Advocates for the Archive argue that the decision will disproportionately harm libraries and their patrons. “Libraries are already burdened by eBook licensing fees that make it difficult to provide access to creative works,” noted Dave Hansen, executive director of the Author’s Alliance. “This ruling may benefit the largest publishers and most prominent authors, but for many others, it will do more harm than good. It could even stifle academic research and learning.”

A lingering concern is that this ruling could lead to more restrictive access to digital books, particularly as more works become available only in eBook format. “The real-world effect of this decision is that libraries will struggle to provide access to books in any meaningful way,” said Hansen. “The price of eBook licenses is already sky-high, and now libraries are being squeezed even further. It’s the public who will ultimately suffer.”

AI Training Faces New Copyright Hurdles

The implications of the ruling extend beyond libraries and digital lending, touching on the rapidly evolving field of artificial intelligence (AI). As AI systems increasingly rely on copyrighted materials for training, the precedent set by the Internet Archive case could have a chilling effect on how companies and developers access and use creative works. “The way the courts interpret fair use in the coming years will be crucial,” said James Grimmelmann, a professor of digital and internet law at Cornell University. “The Internet Archive decision shows that courts are taking a more restrictive view of fair use, which could make it harder for AI companies to use copyrighted materials without permission or compensation.”

This trend is already visible in a number of high-profile lawsuits involving AI companies. Many of these cases argue that using copyrighted works to train AI models—whether for generating text, music, or images—should be protected under fair use. However, as the Internet Archive ruling demonstrates, courts are increasingly skeptical of such claims. “If we continue down this path, we could see a legal framework where innovation is stifled by restrictive copyright interpretations,” warned Dave Hansen of the Author’s Alliance. He emphasized that while protecting creators is important, overly rigid copyright laws could impede technological advancement, particularly in AI, which thrives on vast amounts of data for training purposes.

Furthermore, some legal experts have pointed out that the parallels between digital lending and AI training are striking. The court’s dismissal of the Archive’s argument that its practices were transformative could be a bellwether for how similar defenses are treated in AI cases. As Grimmelmann noted, “There’s nothing transformative about IA’s use of the books, according to the court, and this could be a big problem for AI companies that are also trying to argue that their use of copyrighted works is transformative. It’s a significant decision to watch.”

The debate over fair use and AI will undoubtedly intensify in the coming years, especially as the technologies become more pervasive in industries ranging from entertainment to education. “It’s not just about libraries and books,” added Hansen. “The ramifications of this ruling could be felt across the entire tech ecosystem, particularly for companies developing generative AI models. Fair use is no longer a given; it’s going to be litigated and fought over case by case.”

What’s Next for the Internet Archive?

The Internet Archive is not ready to throw in the towel just yet. Freeland has hinted that the organization is considering its legal options, including further appeals. However, the nonprofit faces an uphill battle. It is also currently embroiled in a separate $400 million copyright infringement lawsuit from a group of record labels over its Great 78 Project, which aims to digitize and preserve 78rpm shellac records. The combined legal challenges are raising existential questions for the Archive’s future.

As Gratz noted after the ruling, “It’s hard to say how this case will be resolved. But what is clear is that the issues it raises—about the role of libraries, digital access, and the public’s right to information—are not going away.”

The case has drawn a sharp line in the sand between the rights of authors and publishers and the rights of the public to access information. As the debate continues, many are left wondering what the future holds for digital lending, fair use, and the very concept of libraries. Then, there is the massive AI-generated elephant in the room. Are limits coming to the scraping of content by companies like OpenAI, Google, Facebook, etc. that are fueling their AI products?

From predictive analytics to fraud detection and real-time financial forecasting, AI is revolutionizing the finance function. It offers CFOs the tools to optimize processes, reduce errors, and create a forward-looking financial strategy. But the shift toward AI is not without challenges, and many CFOs are grappling with the task of integrating this powerful technology into their organizations.

A Transformational Tool for CFOs

Artificial intelligence has emerged as a transformational tool for CFOs. Imran Muhammad Ramzan, founder of CFO Services and an AI in finance advocate, notes, “AI is not just a trend; it’s a game-changer. It allows CFOs to enhance efficiency, make smarter decisions, and ultimately improve financial performance across the board.”

The impact of AI on financial operations is profound. Tasks that once required manual effort, such as data entry, forecasting, and error detection, can now be automated. Ramzan outlines several AI tools that have become critical to modern financial operations, noting that they “automate routine tasks, offer real-time data analysis, and flag anomalies before they become significant issues.”

Predictive Analytics and Forecasting

One of the most significant benefits of AI in finance is its ability to deliver predictive analytics. Traditionally, financial forecasting was a labor-intensive process that relied on historical data and manual projections. Now, AI tools can process vast amounts of data in real-time, offering CFOs predictive insights that were previously out of reach.

“AI turns the CFO from someone who reports on what happened into someone who helps predict the future,” says Glenn Gow, a technology thought leader and AI expert. “This ability is invaluable to CEOs and can elevate a CFO’s career.” AI-driven forecasts are not only more accurate, but they also enable CFOs to take proactive steps in mitigating risks and seizing opportunities, helping the company stay competitive.

The capacity of AI to generate these insights in real-time is a game-changer. According to a study by Gartner, AI-driven financial organizations report significantly higher forecasting accuracy and efficiency than those relying solely on human analysis. As CFOs are called upon to guide organizations through increasingly complex financial environments, the ability to predict market shifts and financial outcomes becomes crucial.

Automation and Process Efficiency

AI is also transforming day-to-day finance functions by automating routine tasks, such as accounts payable, invoice processing, and financial reporting. This level of automation frees up CFOs and their teams to focus on strategic initiatives rather than administrative tasks. “By leveraging AI for these processes, we can reduce errors, improve efficiency, and ultimately drive better business outcomes,” says Ramzan.

AI-driven automation also has a significant impact on operational costs. For instance, AI-powered tools can automatically flag discrepancies in financial records, reducing the time spent on error detection. As Gow explains, “If you’re not already using AI to automate repetitive financial tasks, you’re missing out on a fairly easy opportunity to gain efficiency.”

Ramzan concurs, pointing out that AI has allowed his teams to streamline operations. “Tasks that used to take hours or even days are now completed in minutes, with a higher degree of accuracy,” he notes. This shift toward automation is not just about cost savings—it’s about empowering CFOs to focus on high-value activities, such as strategic financial planning and risk management.

Fraud Detection and Risk Management

Fraud detection is another critical area where AI is proving invaluable to CFOs. The ability of AI to analyze massive datasets and detect patterns that might go unnoticed by human analysts makes it a powerful tool in identifying potential fraud. “AI can quickly analyze transaction data, flagging suspicious activity in real-time,” says Gow. “It’s like having an additional layer of security in place.”

In addition to fraud detection, AI is helping CFOs manage financial risk more effectively. By using AI to analyze historical data, CFOs can identify potential risks and develop mitigation strategies before those risks materialize. This proactive approach to risk management is essential in today’s volatile market conditions, where unforeseen events can have a significant impact on financial performance.

Compliance and Regulatory Oversight

The integration of AI into financial operations also offers substantial benefits in the realm of regulatory compliance. Keeping up with ever-changing regulations can be a daunting task for finance teams, but AI can monitor regulatory updates in real-time and ensure that companies remain compliant.

Ramzan highlights the importance of using AI for compliance, noting that “CFOs are responsible for ensuring that all financial transactions and records comply with relevant regulations. With AI, we can monitor these regulations in real-time and make sure we’re always compliant.” This capability not only reduces the risk of costly regulatory violations but also helps build trust with stakeholders.

The Shift Toward Strategic Leadership

Perhaps the most significant change AI brings to the CFO role is the shift from a purely operational focus to a more strategic one. “CFOs today are expected to be strategic leaders, and AI gives them the tools to do that,” says Gow. By harnessing AI’s capabilities, CFOs can provide more informed recommendations to the CEO and board, based on real-time data and predictive insights.

“AI is not just automating processes; it’s enabling CFOs to become more involved in shaping the overall direction of the company,” adds Ramzan. CFOs are now in a unique position to use AI to align financial strategy with business goals, driving growth and innovation in ways that were not possible just a few years ago.

Embracing AI for Long-Term Success

Despite the clear benefits, implementing AI is not without challenges. CFOs must navigate issues such as data quality, integration with existing systems, and ensuring that employees are trained to work alongside AI technologies. “You don’t need to be an AI expert,” says Gow, “but you do need to be proficient in the AI tools offered by your vendors. That’s how you unlock the full potential of AI.”

Building trust in AI is another critical component of successful adoption. According to Saeid Moghadas Zadeh, a financial analyst, “AI has the potential to revolutionize finance, but it’s crucial to start small and strategically. CFOs should begin with pilot projects that target manageable issues, like speeding up data retrieval processes.” By starting small and building momentum with AI, CFOs can foster a culture of innovation within their teams and organizations.

The key to long-term success, says Gow, is “focusing on the areas where AI can add the most value. That might be fraud detection, predictive analytics, or automation. Whatever the use case, CFOs need to be thoughtful in how they deploy AI to ensure they’re driving real business outcomes.”

The Future of the CFO in an AI-Driven World

As AI continues to advance, the role of the CFO will only become more intertwined with technology. Bill Mills, CEO of Aptimized, predicts that we could soon see a world where the CFO reports to the Chief Information Officer (CIO) as AI becomes central to financial strategy. “With AI’s unparalleled ability to manage, mine, and analyze data, the CIO’s role is becoming central to business strategy,” he says. “In this future, the CIO isn’t just the tech lead but a key decision-maker.”

While this may sound futuristic, the reality is that CFOs who fail to embrace AI risk falling behind. “The future belongs to CFOs who can harness the power of AI to drive innovation and growth,” concludes Ramzan.

As the role of the CFO evolves, one thing is clear: AI is not just a tool—it’s a catalyst for transformation. CFOs who embrace this technology will be well-positioned to lead their organizations into the future, where data-driven insights, automation, and strategic leadership define enterprise financial roles and responsibilities.

In a recent blog post, Airbnb called for an overhaul of Local Law 18 (LL18), urging New York City officials to reassess the stringent regulations. “It’s time for New York City to re-evaluate LL18 and consider amendments that would, at a minimum, allow homeowners to once again host guests,” said Theo Yedinsky, Airbnb’s vice president of public policy. He added that by loosening some restrictions, the city could “increase the supply of accommodations for consumers, support resident hosts, and revitalize local businesses that depend on tourism dollars.”

The Rise and Fall of Short-Term Rentals in NYC

Before LL18 took effect in September 2023, New York City was one of Airbnb’s largest and most lucrative markets. In 2022 alone, the company generated $85 million in net revenue from its New York listings. The city was home to tens of thousands of short-term rentals spread across all five boroughs. However, Local Law 18 sought to change this landscape by imposing severe restrictions on short-term rentals. The law requires hosts to live on the premises during rentals, limits stays to fewer than 30 days, and caps guest occupancy at two people, among other stringent conditions.

The impact was immediate, according to data from AirDNA, the number of Airbnb listings for stays of fewer than 30 days plummeted by 83% in the first year of the law’s enforcement. In July 2024, there were just 3,700 short-term listings on Airbnb in New York City, down from 21,900 in July 2023. “Many hosts were forced to switch to mid- or long-term rentals, but those who relied on short-term rentals as a primary source of income were hit hard,” said Jamie Lane, chief economist at AirDNA.

For hosts like Malaika, who rented out the downstairs apartment of her two-family home in Brooklyn, the new law has been financially devastating. “I’ve lost about $2,400 in monthly income, nearly a 30% drop,” she said. Malaika, who bought her home in Ocean Hill, Brooklyn, with her sisters, relied on short-term rentals to help pay her mortgage. “I prided myself on offering affordable stays in a place filled with African art and culture,” she said. “But the new rules make it impossible to continue hosting as I did.”

A Blow to Small-Time Hosts

Many small-time hosts like Malaika have been disproportionately affected by the city’s regulations. Hosts who once used platforms like Airbnb to supplement their income now find themselves struggling to make ends meet. Gia Sharp, a homeowner and co-founder of RHOAR (Residents for Homeowner Air Rights), has been leading a campaign to pause the enforcement of LL18 and exempt one- and two-family homeowners from the registration requirement. “Some of our members are doing even worse,” she said. “One homeowner lived in his car over the summer because he had to rent out his place so he wouldn’t lose it.”

Sharp also shared her personal challenges, recounting how the new regulations have disrupted her income and prevented her from making essential repairs to her home. “There’s definitely a few mortgage payments for income that I’m doing without, which is insane. I definitely can’t afford to replace my windows, which is thousands of dollars,” she said. Sharp and other members of RHOAR argue that the regulations have been too broad, catching small-time hosts in a net designed to target larger, illegal hotel operations.

In an interview, a retired FEMA employee, Stanley McIntosh, explained how the complexities of registering under the new law forced him out of the short-term rental market. McIntosh, who had been renting a garden-level apartment in his Harlem brownstone on Vrbo since 2017, said, “The application process was too complicated. The changes and the stuff you had to do just wouldn’t have worked at all.” Stanley and his wife, Rosalinda, initially shifted to longer-term rentals but are now uncertain about their next steps. “We can pay the mortgage, but we can’t save like we used to,” he said.

Outer Boroughs Hit the Hardest

The economic impact of LL18 has been particularly harsh on neighborhoods outside of Manhattan. Brooklyn and Queens, which had significant numbers of Airbnb listings before the law went into effect, have seen tourism and associated spending evaporate. Airbnb listings in the outer boroughs provided tourists with an affordable alternative to expensive Manhattan hotels, while also dispersing visitor dollars across different communities.

According to data from AirDNA, 37% of Airbnb listings in New York City were located in Brooklyn, and 13% were in Queens before the law. But LL18 has dramatically reduced the number of listings in these areas. As a result, tourism dollars that once flowed into local businesses in Brooklyn and Queens have dried up. “The unintended consequences of this legislation, especially the steep decline in places for tourists to stay, are hindering Brooklyn’s potential to attract visitors and is hurting its residents, small businesses, and local economy,” said Randy Peers, CEO of the Brooklyn Chamber of Commerce, in a scathing op-ed.

Peers isn’t the only one sounding the alarm. The Dominican American Chamber of Commerce has also criticized LL18 for favoring large corporations at the expense of middle-class residents and local small businesses. “With rent prices surging and many families relying on short-term rentals for supplemental income, the law has created financial strain for individual hosts and a decline in revenue for local businesses that thrive on tourism,” said Manuel Lebron, CEO of the Dominican American Chamber of Commerce.

Hotels Reap the Benefits

While small hosts and outer-borough communities have struggled, New York City’s hotel industry has experienced a remarkable boom. Since the introduction of LL18, hotel prices have surged, making New York City one of the most expensive destinations for travelers. Data from CoStar shows that New York City hotels posted the highest revenue per available room (RevPAR) increase among the top 25 U.S. hotel markets during the first half of 2024, jumping 10.1%.

Jan Freitag, national director of hospitality analytics at CoStar, confirmed the trend: “New York has certainly outperformed. While other top markets are recovering, none are seeing the jump that New York is experiencing.” However, Freitag also noted that the city’s hotel supply has actually decreased by 0.8% because many hotel rooms are now being used to house migrants and the homeless, adding further pressure on available accommodations. “The surge in demand, combined with the constraints on hotel capacity, has led to record-breaking prices,” he said.

But while Manhattan’s hotels are thriving, the story is different in the outer boroughs, where the hotel infrastructure is far less developed. “The impact on the city hasn’t been even,” said Jamie Lane of AirDNA. “Submarkets in the Bronx, Brooklyn, and Queens have seen short-term rental listings for stays of less than 30 nights drop by more than 90% year-over-year.”

The Black Market for Rentals

As legitimate short-term rentals have disappeared, an underground market has emerged to fill the void. Hosts unable or unwilling to register with the city have turned to alternative platforms, including Craigslist, Facebook groups, and even encrypted messaging apps like Telegram and Discord. These black-market listings operate outside the legal framework, offering few protections for guests.

“We go on there and individuals take risks in times of need if it’s a personal referral to the group,” said Malaika, referring to a group chat for hosts in her neighborhood. “It definitely happens. People are desperate.” She admitted that she once broke the law by renting out her apartment illegally for a week to avoid missing a mortgage payment. “I was crapping the entire time because the Office of Special Enforcement sends people around, and they could have been knocking on my door any day,” she said.

Marcus Räder, CEO of short-term rental software provider Hostaway, has also witnessed the rise of the black market. Speaking on the Alex & Annie Vacation Rental Podcast, he recounted his experience staying at an illegal Airbnb in New York. “Originally, I booked it on Airbnb, but then the listing got shut down. The host reached out to me and said, ‘Yo, just send the money. I’m still doing it.’” Räder suggested that while the law has made Airbnb and other platforms more accountable, it has also driven many rentals underground. “We need more Craigslist and no photos. That’s OK,” he quipped.

Airbnb’s Push for Reform

Airbnb’s leadership continues to argue that the broad scope of LL18 is hurting more than it’s helping. Theo Yedinsky pointed out that removing Airbnb listings from the market hasn’t translated into a meaningful increase in long-term rental housing. “It’s a misconception to think that if you remove a short-term rental from Airbnb, it automatically turns into long-term housing,” Yedinsky said. He emphasized that many Airbnb listings are lived-in homes where the owners rent out a room or the entire house while they are away. “It assumes every Airbnb that is listed is not lived in, is not a primary residence, and that’s fundamentally not true,” he added.

Former City Council Member Ben Kallos, the architect of LL18, stands by the law but acknowledges that some of its provisions may need reevaluation. “It’s good to see evidence that the number of short-term rentals in NYC has decreased,” Kallos said. “But I’m puzzled by how few hosts have been able to register. We need to close loopholes that allow condo owners in Class B buildings to keep renting out their units without the same limitations.”

Yedinsky, however, remains firm in his belief that the law’s current form is unsustainable. “We’re seeing the data now. The regulations haven’t reduced rents, and they haven’t increased vacancy rates. Instead, they’ve moved the activity underground,” he said.

A Call for Balance

As the debate over short-term rentals continues, Airbnb and its supporters are calling for a more balanced approach to regulation. They argue that while the city’s housing crisis needs to be addressed, LL18 has gone too far in penalizing small-time hosts who rely on short-term rentals for financial stability. “We’re not against regulation,” Yedinsky said. “We want to work with the city to create a system that works for everyone—one that addresses concerns about affordable housing while still allowing responsible hosts to operate legally.”

For homeowners like Gia Sharp and Malaika, the stakes couldn’t be higher. “This law has taken away our ability to make a living,” Sharp said. “We need relief, and we need it soon.” Malaika echoed the sentiment: “I don’t know how much longer I can hold on. My savings are gone, and I’m struggling every month. This isn’t what I signed up for when I bought my home.”

Airbnb’s blog post suggests that the solution lies in amending LL18 to allow more flexibility for homeowners, especially those in the outer boroughs. By rolling back parts of the law, the city could increase the supply of accommodations for visitors, support local businesses, and provide financial stability to resident hosts. “A more sustainable, sensible, and equitable model benefits residents, visitors, and the broader community,” Yedinsky said.

No Clear Resolution in Sight

New York City’s housing and tourism sectors are at a crossroads, with the future of short-term rentals hanging in the balance. As Local Law 18 enters its second year of enforcement, the city’s leadership faces increasing pressure to reevaluate the law’s effectiveness. With rents still rising, tourism booming, and small hosts struggling, it’s clear that the law has created unintended consequences that may require a different approach.

“The housing crisis isn’t going away,” said Randy Peers. “But we can’t ignore the economic realities facing small-time hosts and local businesses. We need a balanced solution that addresses both sides of the issue.” As Airbnb and its supporters continue their push for reform, the city will have to decide whether to stick with its hardline stance or find a compromise that works for everyone.

In the meantime, the debate over short-term rentals rages on with no clear resolution in sight. As Airbnb CEO Brian Chesky prepares to speak at the upcoming Skift Global Forum, the company’s future in New York City remains uncertain. But one thing is clear: Airbnb is not giving up its fight to stay in the Big Apple.

Boeing has been negotiating with the International Association of Machinists, representing 32,000 of the company’s workers, but the negotiations have not been going well. In particular, the union is trying to recoup some of the concessions it made in two previous deals since its last strike in 2008. Those concession included increased healthcare costs and lost pension plans, according to CNN, concessions the union felt it had to make to preserve thousands of jobs.

Now, the IAM says any deal with Boeing must roll back some of those concessions, or else the union’s members will strike.

“We’re far apart is on all the main issues — wages, health care, retirement, time off,” Jon Holden, IAM District 751 President, told CNN. “We continue to work through that, but it’s been a tough slog to get through.”

For its part, Boeing said it believes a deal will be reached.

“We continue to bargain in good faith as we focus on the topics that are important to our employees and their families,” Boeing said in a statement. “We’re confident we can reach a deal that balances the needs of our employees and the business realities we face as a company.”

With the current contract set to expire on September 12, at 11:59 pm PT, the troubled aerospace company is quickly running out of time to reach a deal its workers can live with.

CNN pointed out the challenges Boeing faces delivering new airplanes, with production slowed until Boeing can address regulatory concerns about the plethora of issues its planes have experienced, including pieces falling off mid-flight.

Holden put the blame squarely on the company’s leadership, both for the state of the negotiations, as well as the company’s fate in general.

“They haven’t said they can’t afford our proposals,” Holden said. “They are reasonable. We’re in a tough position because of decisions they made to keep increasing the dividend and share repurchases, cutting R&D. They’ve been paralyzed to launch a new airplane. It’s because of those decisions and the crashes that we’re in this position.

“The board certainly deserves to be criticized,” he added. “We don’t want to run the company. But we want to make sure our voices are being heard about the decisions being made. We love the Boeing Company. It’s the people on the board who don’t. They sacrificed its integrity.”

If Boeing cannot reach an agreement with the IAM, which represents more than 20% of its workforce, Boeing’s problems may quickly spiral out of control.

Throughout the pandemic and post-pandemic era, Apple has largely avoided the mass layoffs Microsoft, Alphabet, Meta, Amazon, and Intel have engaged in. The company’s conservative approach to hiring paid off, giving the impression it is far more responsible than its rivals, and allowing it to avoid the damage to its reputation that so many others experienced.

Despite avoiding mass layoffs, Apple has had small layoffs, framed primarily as the standard streamlining all companies occasionally do. For example, the company laid off a small number of retail employees in early 2023.

According to Bloomberg, Apple notified approximately 100 employees in the digital services group that they were being let go. The outlet reports that the employees “worked across several different teams in Senior Vice President Eddy Cue’s services group.”

Apple has traditionally had a far different approach to economic downturns than much of the tech industry. Steve Jobs famously described the company’s stance during a major recession.

“We’ve had one of these before, when the dot-com bubble burst,” Jobs said. “What I told our company was that we were just going to invest our way through the downturn, that we weren’t going to lay off people, that we’d taken a tremendous amount of effort to get them into Apple in the first place — the last thing we were going to do is lay them off. And we were going to keep funding. In fact we were going to up our R&D budget so that we would be ahead of our competitors when the downturn was over. And that’s exactly what we did. And it worked. And that’s exactly what we’ll do this time.”

Layoffs are something every company will engage in from time to time, but Apple has definitely been among the most conservative of any major tech company, something people will remember when choosing a company they want to work for.

Since returning to Intel and assuming the top job, Gelsinger has been working overtime to turn the troubled giant around and help it reclaim the crown as the world’s top chipmaker. Unfortunately, those efforts have struggled to gain traction, with Intel reporting devastating quarters, massive losses, and layoffs in the tens of thousands.

According to Bloomberg, the company is now considering the possibility of splitting off its foundry business, a cornerstone of Gelsinger’s strategy. Since the early days of his tenure as CEO, Gelsinger has banked on the company’s foundry business as a key element to competing with rivals, including TSMC. The CEO spoke openly of his goal to regain Apple as a foundry customer.

Apple is a customer, and I hope to make them a big foundry customer because today they’re wholly dependent on Taiwan Semiconductor. We want to present great options for them to leverage our foundry services, as well, just like we’re working with Qualcomm and Microsoft to leverage our foundry. We’re going to be delivering great technology, some things that can’t be done anywhere else in the world.

Despite Gelsinger’s optimism, Intel’s foundry business has struggled to deliver, in no small part because of how much different the business is from Intel’s historical strengths.

“Foundry is a service business,” Gelsinger reportedly said in 2023. “That isn’t the culture that Intel’s had.”

Intel’s foundry business has also been a seemingly bottomless pit, in terms of how much money it costs the company. In 2023 alone, the foundry business lost $7 billion, a substantial increase over 2022’s $5.2 billion.

We wrote in 2023 that Pat Gelsinger’s legacy was in danger, given Intel’s ongoing woes. If the company opts to spin off its foundry business, it will be the biggest proof yet that Intel is in far more trouble than Gelsinger will publicly admit.

Recently, angel investor Ben Lang curated a list of 27 startups that have each raised between $10M and $50M from top-tier venture capital funds. These companies are not only growing at a rapid pace but are also actively hiring, making them the ones to watch in 2024.

Here’s a deep dive into these promising startups that are shaping the future across various industries.

1. Attio – Next-Generation CRM (US Remote / EU Remote)

Attio is revolutionizing the CRM landscape by offering a tool that is as dynamic as the teams that use it. Attio’s CRM is designed to adapt to the unique workflows of modern businesses, providing unparalleled flexibility and power. “Our mission is to redefine how businesses interact with their data, making CRMs more intuitive and actionable,” says the Attio team. With remote opportunities available, Attio is a top choice for professionals seeking to work in a cutting-edge environment.

2. Consensus – AI Search Engine for Scientific Research (US Remote)

Consensus is bringing AI to the forefront of scientific research with a search engine that leverages AI to provide researchers with precise and relevant results. “We are here to enhance the scientific discovery process by making research more accessible and efficient,” says the company’s leadership. This startup is ideal for those passionate about AI and its applications in academia and industry.

3. Slingshot AI – Mental Health AI Research (NYC / London)

Mental health is one of the most pressing issues today, and Slingshot AI is addressing it head-on with AI-powered research tools designed to understand and improve mental health outcomes. “We believe in the power of AI to revolutionize mental health research and treatment,” the founders explain. Their mission-driven approach is attracting top talent in both New York City and London.

4. OpusClip – AI Video Repurposing (Canada / Bay Area)

OpusClip offers a groundbreaking solution for content creators, allowing them to repurpose videos effortlessly using AI. “Our technology enables creators to maximize their content’s value by making it easy to create new clips from existing material,” says OpusClip’s team. This startup is a haven for those interested in video technology and AI.

5. Comun – Bank for Immigrants in the U.S. (NYC)

Comun is redefining banking for immigrants in the U.S. by providing tailored financial services that meet their unique needs. “We’re building a financial platform that empowers immigrants to achieve their American dream,” says Comun’s leadership. This NYC-based startup is perfect for those passionate about fintech and social impact.

6. Bland AI – Automated Phone Calls with AI (Bay Area)

Bland AI is automating one of the most time-consuming tasks in customer service: phone calls. By leveraging AI, Bland AI ensures that customers receive timely and accurate information without the wait times. “Our goal is to make customer interactions smoother and more efficient,” the team says. Professionals in AI and customer experience will find exciting opportunities here.

7. Viggle – AI Video Generation (London)

Viggle is at the cutting edge of AI-driven video generation, offering tools that allow businesses and creators to produce high-quality videos quickly and easily. “We’re pushing the boundaries of what’s possible with AI in video production,” says Viggle’s founders. Based in London, this startup is perfect for those interested in AI, video technology, and creative industries.

8. Tilt – Real-Time Fashion Shopping (Toronto)

Tilt is changing the way we shop for fashion by offering a real-time shopping experience that connects users with the latest trends as they happen. “We believe shopping should be as dynamic and exciting as the fashion world itself,” the team shares. Tilt is a great fit for those with a passion for fashion and e-commerce.

9. Solace – Platform to Empower Patients (US / Remote)

Solace is empowering patients by providing them with tools and resources to take control of their health. “We’re creating a platform that puts patients at the center of their healthcare journey,” says Solace’s leadership. This remote-friendly startup is ideal for professionals in health tech and patient advocacy.

10. Lettuce Financial – Accounting and Tax Solution for Solopreneurs (US Remote)

Lettuce Financial is simplifying accounting and tax management for solopreneurs, offering a platform that automates these processes. “Our goal is to take the headache out of finances for solopreneurs so they can focus on growing their businesses,” the team explains. This startup offers remote opportunities in the booming fintech sector.

11. AstroForge – Asteroid Mining (Seal Beach, CA)

AstroForge is turning science fiction into reality with its asteroid mining ventures. “We’re unlocking the potential of space resources to fuel the next wave of technological advancement,” says AstroForge’s leadership. This ambitious startup is for those who dream big and are excited about space exploration.

12. Onebrief – Military Planning and Collaboration Software (Remote / San Diego)

Onebrief provides cutting-edge software for military planning and collaboration, ensuring that teams can work together effectively even in the most challenging environments. “Our software is designed to support the critical work of military planners, providing the tools they need to succeed,” the team shares. This startup offers remote and San Diego-based roles for those interested in defense technology.

13. DEFCON AI – Modeling, Simulation, Analysis Software for the Military (Washington DC / Remote)

DEFCON AI is enhancing military preparedness through advanced modeling, simulation, and analysis software. “We’re helping the military make better decisions faster,” says DEFCON AI’s leadership. With opportunities in Washington DC and remotely, this startup is a prime destination for those interested in AI and defense.

14. Eppo – Experimentation and Feature Management Platform (Remote US / EMEA)

Eppo provides a platform that allows companies to run experiments and manage features more effectively, driving better business outcomes. “We’re enabling companies to innovate faster and with greater confidence,” says the Eppo team. With roles available remotely, Eppo is perfect for those interested in product management and data-driven decision-making.

15. Trunk Tools – AI for the Construction Industry (Remote US)

Trunk Tools is bringing AI to the construction industry, offering solutions that improve efficiency and safety on job sites. “We’re transforming construction with the power of AI,” the team states. This remote-friendly startup is ideal for professionals interested in AI and construction technology.

16. CodeRabbit – AI Code Reviews (Bay Area / Remote / Bangalore)

CodeRabbit is revolutionizing the code review process with AI, making it faster and more accurate. “Our platform is the most installed AI app on GitHub and GitLab, and we’re just getting started,” says CodeRabbit’s leadership. With opportunities in the Bay Area, remotely, and in Bangalore, this startup is a great fit for developers and AI enthusiasts.

17. Pylon – Support Platform for B2B Companies (Bay Area)

Pylon offers a comprehensive support platform for B2B companies, helping them manage customer interactions and service delivery more effectively. “We’re building the infrastructure that B2B companies need to succeed,” says Pylon’s team. Based in the Bay Area, Pylon is a top choice for those interested in B2B technology and customer support.

18. Capitalize – Platform to Find and Transfer Retirement Assets (NYC)

Capitalize is simplifying the process of finding and transferring retirement assets, helping users take control of their financial future. “We’re making it easier for people to manage their retirement savings,” says the Capitalize team. This NYC-based startup is perfect for professionals in fintech and financial planning.

19. Encord – Data Engine for AI Model Development (London / Bay Area)

Encord provides the data engine that powers AI model development, offering tools that streamline the data preparation process. “We’re accelerating AI innovation by making data more accessible and actionable,” the team explains. With offices in London and the Bay Area, Encord is a great destination for those passionate about AI and data science.

20. Setpoint – Operating System for Capital Markets (US Remote)

Setpoint is building the operating system for capital markets, providing the infrastructure needed for efficient trading and investment management. “We’re redefining how capital markets operate, making them more transparent and accessible,” says Setpoint’s leadership. This remote-friendly startup is ideal for those interested in fintech and financial markets.

21. MD Ally | 911 Network Navigation – 911 Diversion, Care, and Navigation Solutions (US Remote)

MD Ally offers innovative solutions for 911 diversion, care, and navigation, helping to improve emergency response outcomes. “We’re transforming how emergency services are delivered, making them more effective and efficient,” the team shares. With remote opportunities available, MD Ally is perfect for those passionate about healthcare and public safety.

22. Bridge – Stablecoin Payment Network (Bay Area)

Bridge is building a stablecoin payment network that promises to revolutionize how we transact in the digital age. “We’re creating a more stable and secure way to handle digital payments,” says Bridge’s founders. Based in the Bay Area, this startup is ideal for professionals interested in blockchain and fintech.

23. Supio – AI Platform for Law Firms (Seattle)

Supio is bringing AI to the legal industry, offering a platform that helps law firms manage cases and client interactions more effectively. “We’re empowering law firms with the tools they need to succeed in a digital world,” says the Supio team. This Seattle-based startup is a great fit for those interested in legal tech and AI.

24. Ema Unlimited – Gen AI Platform for Enterprises (US / Canada / India Remote)

Ema Unlimited is harnessing the power of generative AI to create solutions tailored for enterprise needs. “We’re pushing the boundaries of what generative AI can do for businesses,” says Ema Unlimited’s leadership. With remote roles available across the US, Canada, and India, this startup is perfect for AI enthusiasts looking to make a big impact.

25. The Rounds – Sustainable Household Essentials (NYC / Philly)

The Rounds is making sustainability simple by offering household essentials that are both eco-friendly and convenient. “We’re helping people live more sustainably without sacrificing convenience,” says the team at The Rounds. Based in NYC and Philly, this startup is ideal for those passionate about sustainability and consumer goods.

26. PayZen – OS for Healthcare Affordability (Remote US / Bay Area / Tel Aviv)

PayZen is tackling the challenge of healthcare affordability with an operating system that helps patients manage their medical expenses. “We’re making healthcare more affordable and accessible for everyone,” says the PayZen team. With roles available remotely, in the Bay Area, and Tel Aviv, this startup is perfect for those interested in healthcare and fintech.

27. Starpath – Propellant for the Space Economy (Hawthorne, CA)

Starpath is fueling the space economy with its advanced propellant technologies, pushing the boundaries of space exploration. “We’re providing the propellants that will power the next generation of space missions,” says Starpath’s leadership. Based in Hawthorne, CA, this startup is ideal for those passionate about space technology and innovation.

Ben Lang provided the list with all the links here:

Final Thoughts

These 27 startups represent some of the most exciting opportunities in the tech world today. Whether you’re looking to invest, join a groundbreaking company, or simply stay informed about the latest trends, these companies are worth keeping an eye on.

As Ben Lang, the angel investor who compiled this list, aptly puts it, “These startups are not just building the future; they’re also looking for the people who will help them create it.” With many of these companies actively hiring, now is the perfect time to explore new opportunities and become part of the next wave of innovation.

Durov was arrested in France when his private jet landed, sparking an intense debate over free speech and the role of internet platforms. French authorities claim Durov and Telegram have failed to cooperate with investigations into illegal content on the platform and failed to properly moderate it. Most alarming, some of the charges involved Durov’s use of encryption, raising concerns that France is using the case to attack the legitimate use of encryption to protect private communications.

Musk has worked hard to establish X as ‘the free speech platform,’ but he says that could cause him to be far more careful about where he travels.

French Prime Minister Emmanuel Macron has pushed back at claims that Durov’s arrest was politically motivated, although not all critics believe him. France has continually pushed for changes to the law that would weaken encryption and undermine privacy. In that context, it’s hard to make the case that Durov’s arrest was not politically motivated, at least to some degree, since it gives French authorities a chance to test the waters, when it comes to a crackdown on internet privacy.

In the meantime, France may find that tech companies and CEOs are far more careful about conducting business within the country, or even visiting it.

A Desperate Move in a Challenging Landscape

Intel’s recent struggles are well documented. The company’s shares plummeted to an 11-year low following a dismal earnings report last quarter, which underscored its inability to keep pace in the rapidly evolving AI era. As Reuters reported, Intel is now considering several drastic measures to stabilize its finances and reposition itself in the competitive semiconductor market.

One of the most significant options on the table is the potential sale of Altera, Intel’s programmable chip unit. Acquired in 2015 for $16.7 billion, Altera was initially seen as a strategic asset to help Intel diversify its offerings. However, with the company’s current financial woes, selling Altera could provide much-needed capital. Woz Ahmed, a senior executive in the semiconductor industry, remarked, “It’s generally easier to jettison something that was not an organic Intel development—like Altera—and to some extent, it postpones the inevitable reckoning of addressing Intel’s real woes.”

Splitting the Business: A Radical Approach

Another scenario Intel is reportedly considering is splitting its product design and manufacturing businesses. This move would involve separating Intel’s foundry division, which produces chips for other companies, from its design operations. Such a split could be an attempt to streamline operations and focus on core competencies. However, it also represents a significant departure from Intel’s traditional business model, where vertical integration has been a key competitive advantage.

Pat Gelsinger has been vocal about his commitment to expanding Intel’s foundry business, viewing it as essential to restoring the company’s standing among chipmakers. Yet, as Bloomberg notes, this strategy has become increasingly untenable as sales continue to shrink. “Intel’s Gelsinger is running out of time to pull off a much-needed turnaround,” writes Bloomberg. “He’s been attempting to expand the chipmaker’s factory network at the same time that sales are shrinking—a money-losing proposition.”

The Role of Investment Banks

To navigate these turbulent waters, Intel has enlisted the help of Morgan Stanley and Goldman Sachs. These investment banks are advising the company on potential asset sales, mergers, and other strategic moves. The involvement of such high-profile advisors underscores the seriousness of Intel’s situation. As one source familiar with the matter told Reuters, “The company is discussing various scenarios, including a split of its product-design and manufacturing businesses, as well as which factory projects might potentially be scrapped.”

One of the most significant projects at risk is Intel’s $32 billion factory in Germany, which has already faced delays. The company may decide to pause or even halt this expansion to conserve capital, a move that would have significant implications for its long-term strategy in the semiconductor industry.

Employee Layoffs and Leadership Challenges

In addition to potential asset sales and project cancellations, Intel has also announced plans to cut approximately 15,000 jobs, representing about 15% of its workforce. This reduction is part of a broader effort to save $10 billion and streamline operations. However, these layoffs have also created a sense of uncertainty and instability within the company. Lynn Coffin, a Senior Software Program Manager at Intel, commented, “Hang in there my Intel friends. More changes to recent plans on the horizon.”

Intel’s leadership has also seen significant turnover. In August, Lip-Bu Tan, a veteran of the semiconductor industry, resigned from Intel’s board after months of debate over the company’s future. His departure leaves a vacuum of deep semiconductor business experience on the board, adding to the challenges facing the company.

A Critical Meeting and Uncertain Future

The upcoming mid-September board meeting will be pivotal for Intel’s future. The decisions made during this meeting could determine whether the company can reverse its fortunes or continue its downward trajectory. As Pat Gelsinger noted at a recent Deutsche Bank conference, “It’s been a difficult few weeks… And we’ve been working hard to address the issues.”

The stakes are high for Intel. With its stock price down 60% this year and fierce competition from rivals like Nvidia, the company must make bold and effective moves to regain its footing. However, as one industry insider noted, “Maybe Intel just needs to be patient and carefully plan its emergence to be gradual. Intel’s woes didn’t happen overnight, hence there is no overnight fix.”

All Eyes On Mid-September Board Meeting

Intel’s cost-cutting plans, while necessary, are a stark reminder of the challenges facing legacy companies in a rapidly evolving technological landscape. The potential sale of Altera, the splitting of its business, and the reduction in capital spending are all measures that reflect a company under immense pressure to adapt or risk becoming obsolete. As the semiconductor industry continues to evolve, Intel’s ability to navigate these changes will determine whether it can once again rise to the top or fade into the background.

For now, all eyes are on the mid-September board meeting, where the fate of one of the world’s most iconic technology companies will be decided. As Intel embarks on this critical phase, the decisions made in the coming weeks will likely shape the future of the semiconductor industry for years to come.