π Data to start your week
Software engineering β AI infrastructure spending β Remote work & startups β
Hi all,
Hereβs your Monday round-up of data driving conversations in AI and tech this week β all in less than 250 words.
Todayβs edition is brought to you by our sponsor, ElevenLabs β the complete AI Audio Developer platform. Build low-latency AI voice agents that sound human and can handle unpredictable conversations in the noisiest environments. Get started free.
Engineers on ice β. Leading US AI companies have cut software engineering hiring.
Unreasonably expensive β. Reasoning makes Googleβs Gemini 2.5 Flash 150x more expensive than 2.0 Flash due to token costs.
$3 trillion AI forecast β. Morgan Stanley projects cumulative AI infrastructure spending (data centers, power and grid) will exceed $3 trillion by 2028.
OpenAI leads enterprise AI β. Corporate usage has accelerated since the start of the year.
China leads key tech β. Chinese firms now command 58% of the global EV market and dominate solar, driven by the Made in China 2025 strategic plan.
Remote work spurs startups β. Increased remote work directly leads to employees launching higher-quality startups β thanks to the time and security for experimentation.
Millennials earn more β. The top 5% of millennial households earned over $300,000 in 2023, surpassing inflation-adjusted top boomer earnings from 1990.
AI posts flood Reddit β. A surge in AI-generated Reddit posts is suspected β as indicated by increased em-dash usage. π
Thanks for reading!
Todayβs edition is sponsored by ElevenLabs.
ElevenLabs is powering human-like voice agents for customer support, scheduling, education and gaming. With server & client side tools, knowledge bases, dynamic agent instantiation and overrides, plus built-in monitoring, itβs the fastest way to launch conversational experiences. Get started free.
One note on that WSJ piece about high-earning millennials earning more than their boomer counterparts at the same life stage β¦
This has been studied for a bit. Ajβs last years the U of Chicago had a nice framing of how professional/middle class millennials are outpacing boomers, but working class millennials are significantly down:
https://www.journals.uchicago.edu/doi/10.1086/726445
Isn't gemmi included in Google? The Graph might look different if we compare API costs vs credit cards.