Episode 377: Neal and Toby discuss whether investors are right to be concerned about the massive AI expenditures being made with little to no revenue to show for it. Then, the US Senate just passed the Kids Online Safety Act to force tech companies to have stricter online rules for teens. Next, Starbucks misses its earnings expectations as same-store traffic continues to fall in the US and around the world. Plus, a number of startups are doing what Theranos wanted to do… minus the whole fraud part. Meanwhile, perhaps the failed JetBlue-Spirit merger was actually a good thing? Lastly, the latest news and stories from the 2024 Paris Olympics.
#ai #socialmedia #olympics #airlines
Checkout https://beehiiv.link/morning-brew-daily and get a 30 day free trial and also 20% off 3 months with code BREW
Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316
Listen to the podcast here: https://link.chtbl.com/MBD
Follow us on Twitter: https://twitter.com/mbdailyshow
Follow us on Instagram: https://www.instagram.com/mbdailyshow/
Follow us on TikTok: http://www.tiktok.com/@mbdailyshow
Sign up for the Morning Brew Newsletter: https://www.morningbrew.com/daily/subscribe?utm_campaign=mbd_yt&utm_medium=multimedia&utm_source=youtube
00:00 - Medal count
03:00 - Kids Safety Act
08:00 - AI Spending
12:30 - Starbucks Earnings
16:00 - Theranos Copycats
19:45 - JetBlue and Spirit Financials
22:00 - Olympics Update