Wealth and AI: New Challenges for the Rich

Financial advisers in Silicon Valley say today's wealth is different, while AI brings new problems for companies and workers.

Financial advisers in Silicon Valley say the rich are getting richer, but this era of wealth is different. They tell their tech clients to prepare for new rules and risks. Many people worry about the growing power of big tech companies.

Bernie Sanders has a plan to give Americans control of the AI industry. It costs $7 trillion. Big AI firms will probably not like this idea. Meanwhile, Meta's AI workers are unhappy. They say low morale is getting worse in the company's AI unit.

The White House is making rules for AI as it goes. Anthropic cannot share its new AI models because of unclear rules. No one knows exactly what the company did wrong. Prediction markets are also in trouble. Experts worry that sports betting could hurt the whole industry.