businessFriday, May 29, 2026
Today's business news circles around a single theme: the tension between AI's promise and its real-world consequences. From Google's search overhaul threatening journalism to tech CEOs walking back job apocalypse predictions, the industry is grappling with the gap between hype and reality. Meanwhile, inflation bites hard, and Meta pushes deeper into subscriptions.
Google's AI-driven search changes are about to make the internet worse for everyone, especially news sites that rely on organic traffic. Drew Magary's piece cuts through the tech cheerleading to point out that SEO already degraded online writing, and AI summaries will finish the job.
Sam Altman and Dario Amodei are suddenly less worried about AI wiping out white-collar jobs, now that they're eyeing IPOs. Convenient timing, and a reminder that apocalyptic predictions often soften when money's on the table.
Tech CEOs are so deep in the AI hype they've lost touch with reality, according to this TechCrunch piece. Record revenues alongside mass layoffs suggest a kind of collective delusion, with Box's Aaron Levie coining the term 'AI psychosis'.
New York City's mayor is backing a bill that would force Amazon to directly hire delivery workers instead of using contractors. Amazon is fighting it hard, but the 'delivery protection act' could reshape gig work in e-commerce.
Inflation hit a three-year high of 3.8% in April, driven by gas prices and the Iran war. Americans are burning through savings, and the personal savings rate just hit a multi-year low.
Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI planstechcrunch.com
AI ads inside answers, Walmart data leaves the walled gardenppc.land
Big batteries scoop the pool in grid firming tender that was also open to gas generatorsreneweconomy.com.au
AI is changing this job so fast the interview process can’t keep upwww.cnn.com
A Bipartisan Darling: The Case for Permitting Reform in the 119th Congresswww.thirdway.org
Why Global Marketplaces Lose Korea at the Trust Checkpoint - KoreaTechDesk | Korean Startup and Technology Newskoreatechdesk.com‘I’ve never felt poor before’: Inflation and higher gas prices are stretching workers to their limitshare.google
A 57-year-old nurse practitioner earning six figures is forced to sell heirloom jewelry to cover bills due to inflation, rising gas prices, and a period of unemployment following back surgery. The article highlights how even high-earning professionals are being financially stretc
New AI Usage Report: Enterprise AI Risk Is Heavily Concentrated Among a Small Group of AI "Power users"thehackernews.com
LayerX Security's State of AI Usage Report 2026 reveals that enterprise AI risk is heavily concentrated among a small group of "power users" and a few dominant AI platforms, rather than being evenly distributed. The report highlights a significant enterprise AI visibility gap, wi
Carney’s tax breaks to oil companies for carbon capture, explained | The Narwhalthenarwhal.ca
Canada is reversing its ban on tax credits for enhanced oil recovery (EOR), a technique that uses captured carbon dioxide to extract more oil. The government's carbon capture tax credit program, initially designed to exclude EOR, will now allow companies to claim credits for capt
Michael Dell courted Trump early. His company has reaped rewardswww.cnbc.com
Michael Dell strategically courted President Donald Trump early in his second term, attending key events like the Invest America Roundtable and being publicly endorsed by Trump ("go out and buy a Dell"). Dell Technologies subsequently experienced its best month on Wall Street sin
BMW says humanoid robots are the future of car productionwww.bbc.com
BMW is introducing humanoid robots (made by Hexagon Robotics) for car manufacturing in Europe for the first time. Two robots are planned to begin production work at the Leipzig factory from summer, currently in test deployment. Michael Nikolaides, BMW's head of process management
"Running out of that buffer"www.marketplace.org
This episode of a podcast/news program covers two major economic data releases: the PCE price index for April and GDP revisions for the first quarter of the year. The personal savings rate has hit a several-years low. Experts Laura Veldkamp from Columbia Business School and Tara
One Tech Tip: How to prepare for a job interview with an AI bot | AP Newsapnews.com
As AI-generated job applications flood recruiters, companies are increasingly using AI chatbots to interview candidates during the screening stage. These interviews happen via phone, text, or video with avatars. While many find AI interviews unsettling, they are becoming standard
The Manus Fallout Highlights Structural Problems in China’s Industrial Policy Ecosystembuff.ly
The article examines the fallout from Meta's $2 billion acquisition of Chinese AI startup Manus in 2025, which was later retroactively unwound by Chinese authorities after a four-month probe. It highlights structural problems in China's industrial policy ecosystem, including shif
$1M donation to help Foothills Medical Centre renovate cath labcalgaryherald.com
The Calgary Health Foundation has received a $1-million donation to renovate a cardiac catheterization lab at Foothills Medical Centre. The donation will fund upgrades to the cath lab, which is used for diagnostic and interventional cardiac procedures, improving patient care and
