Barry Sternlicht says he will drop employees in favor of AI

Barry Sternlicht says he will drop employees in favor of AI

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Billionaire Barry Sternlicht,…

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DoorDash, Duolingo show Wall Street doesn’t love AI spending equally

DoorDash, Duolingo show Wall Street doesn’t love AI spending equally

Duolingo, Doordash and Roblox apps Tiffany Heard-Grear | Bloomberg | Getty Images Across the tech sector this earnings season, companies told Wall Street to get ready for ramped up spending as the artificial intelligence boom accelerates. But while investors largely rewarded the megacaps for their boosted capital expenditure forecasts, or just shrugged off their guidance,…

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