A recent observation by Box CEO Aaron Levie suggests that leaders in the tech industry may be overly optimistic about the potential benefits of artificial intelligence (AI). He describes this phenomenon as "AI psychosis," which implies that these CEOs have an almost fanatical belief in how much AI can improve productivity and efficiency. This mindset could lead them to overlook the limitations...

eBay rejects $55.5bn offer from GameStop51 minutes agoFaarea MasudBusiness reporterGetty ImagesOnline marketplace eBay has rejected a $55.5bn (£40.9bn) takeover offer from video game retailer GameStop, calling it "unsolicited" and "neither credible nor attractive".Analysts had expected the offer to be rejected as GameStop is much smaller than eBay, which said there was "uncertainty" over how...

Meta’s Moltbook deal points to a future built around AI agents When news broke Tuesday morning that Meta bought Moltbook, the social network for AI agents, it may have left some people scratching their heads. What on earth would Meta — an ad-supported company — want with a social network where the users are bots? Bots, after all, are not the target audience of brand marketers and advertisers....

300,000 Poses in an AI Instant: My Visit to Disney Studios and the New Reality for AnimationOn a warm fall afternoon at Walt Disney Studios in Burbank, California, a gentle breeze blows through the meticulously landscaped trees lining the walkways. A ray of sunshine hits the famed Team Disney building, where 19-foot-tall stone carvings of the seven dwarfs of Snow White fame hold up the roof.The...

Doss, a technology company, has successfully raised $55 million to enhance its inventory management system, which uses artificial intelligence. This system is designed to work seamlessly with existing Enterprise Resource Planning (ERP) systems that many businesses already use to manage their operations. The funding was primarily provided by two investment firms, Madrona and Premji Invest,...