Massive AI Spending Meets 7.9M Jobless: What’s the Connection?

Welcome to your weekly Morning Byte! In the past week, unemployment surged to 7.9 million, Bitcoin skyrocketed to $106K, and SoftBank invested a staggering $100 billion into AI technology. In a fast-paced world where critical updates happen in seconds, staying ahead can feel impossible. But don’t worry – Morning Byte delivers clear, numerical insights that make you the smartest person in any room without wasting your precious time.

1. 88% Embrace Thrift Trends Amid Price Worries 
MarTech
2. Unemployment Hits 7.9% with 13.7 Million Jobless 
Bureau of Labor Statistics
3. $660 Million Solar Deal Boosts Energy Stocks by 5.4% 
Wall Street Journal
4. Gen Z Dominates Market with $12 Trillion Spending Power 
MarTech
5. Databricks Raises $10 Billion in IPO Delay to 2025 
TechCrunch
6. SoftBank Invests $100 Billion, Creating 100K AI Jobs 
AP News
7. 14 Million Bankers Rely on ADHD Drugs to Survive 100-Hour Weeks 
Wall Street Journal

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1. House Blocks Trump’s Shutdown Plan, Saving $400 Billion 
AP News
2. New Jersey Enforces Drone Ban in 20 Key Areas 
NPR
3. TikTok Ban Reviewed, Impacting 170 Million Users 
NPR
4. $350 Million Chip Fight: Arm Faces Major Losses 
Ars Technica
5. Fed Cuts Rates by 0.25%, Signals Fewer Cuts Ahead 
Bloomberg
6. Celebrities Misuse $207 Million in COVID Relief Funds 
Business Insider
7. Grubhub Pays $25 Million to Settle Hidden Fees Lawsuit 
The Wall Street Journal
8. Russia Purchases $6 Million in US Chips for Weapons Use 
Bloomberg
9. NY Implements New Drone Laws After Dozens Sightings 
AP News
10. Space War Escalates as US, China, Russia Build Weapons 
Ars Technica
11. Bitcoin Soars to $106K Following New Fair Value Rule 
CoinDesk

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1. ChatGPT Launches 15-Minute Free Call Line 
Ars Technica
2. 5 Cutting-Edge Robots from China Challenge Tesla 
The Sun
3. TSMC's $20 Billion Chip Plant Sends Costs Soaring 
CNBC

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1. 4 Drone Incidents That Terrified Officials 
The Verge
2. 3 Ways Drivers Are Outsmarting Alzheimer’s 
BMJ
3. 2 Explosive Strikes in Syria Shook the Region 
The Telegraph
4. Madison School Shooting Claims 4 Lives 
NPR

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Final Roundup

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