Robert Kelner

Is GenAI causing the relative decline in early-career hiring? Our latest research finds that these effects may be conflated with another important driver: the rise of WFH arrangements (1/N)

🦔Microsoft canceled its internal Claude Code licenses this week after token-based billing made the cost untenable, even for a company with effectively infinite cloud resources. Uber's CTO sent an internal memo warning the company burned through its entire 2026 AI budget in just four months. American AI software prices have jumped 20% to 37%, and GitHub (owned by Microsoft) is dropping flat-rate plans for usage-based billing across its products. My Take The AI subsidy era is ending in real time. The same company that put $13 billion into OpenAI and built the Azure infrastructure powering most of Anthropic's compute just looked at the bill from a competitor's coding tool and decided it was not worth paying. That is not a productivity failure on Anthropic's end. Token-based pricing is forcing every enterprise customer to confront the actual cost of running these models at scale, and the number turns out to be far higher than the flat-rate experiments suggested. This ties directly to my Gemini Flash post yesterday. Anthropic, OpenAI, and Google all raised effective prices in the last six months. Enterprises that built workflows assuming AI costs would keep falling are now watching annual budgets evaporate in months. Two outcomes look likely from here. Either enterprises scale back AI usage to fit budgets, which slows the revenue ramp the labs need to justify their valuations ahead of IPOs, or the labs cut prices and absorb the losses, which makes the unit economics worse at exactly the wrong moment. Both paths land in the same place, the numbers stop working, and somebody has to take the writedown. Hedgie🤗

Reporter: Are you attending your son’s wedding? Trump: He’d like me to go. I’m going to try. I said, this is not good timing for me. I have a thing called Iran and other things. He’s a person I’ve known for a long time.

Yitzhak Ben Hebron, the last surviving witness of the 1929 Hebron massacre, has died at age 100. He was 4 years old when Arab rioters slaughtered 67 Jews in Hebron, raped women, mutilated bodies, looted homes, and destroyed a Jewish community that had existed continuously for centuries. His mother barricaded their home with a heavy sewing machine before the family escaped through the windows of the Avraham Avinu Synagogue while Arab mobs rampaged through the streets. His older sister survived by hiding under a bed in the home of Eliezer Dan Slonim, where many Jews had gathered hoping for protection. The attackers murdered those inside anyway. Blood from the victims dripped onto her while she hid and the rioters assumed she was dead. She later testified about the murders and rapes she witnessed and identified perpetrators in police lineups. After the massacre, the surviving Jews were expelled from Hebron, ending one of the world’s oldest Jewish communities. Yitzhak later fought in the Haganah and Palmach, and after 1967 returned to Hebron with the first Jews rebuilding the community that had been destroyed. This happened decades before the establishment of Israel. Before “occupation.” Before “settlements.” Before the false accusations of apartheid or genocide. The Jews of Hebron weren't soldiers. They were an ancient minority community living in one of Judaism’s holiest cities, and they were butchered anyway. People who insist the conflict only exists because of 1967 or Israeli policy can never really explain why Jews in Hebron were hacked to death in 1929. Why is this so hard for the world to understand?

TX-35 Democratic candidate Maureen Galindo says she will convert ICE detention center in Karnes County into an internment camp for "American Zionists." "It will also be a castration processing center for pedophiles, which will probably be most of the Zionists," she added.

Scoop: The top lawyer at the Treasury Department suddenly stepped down on Monday. Comes in the wake of the Trump admin's $1.776 billion "anti-weaponization fund."

NEW: President Trump told NYP that he is “not open” to any concessions for Tehran after receiving the latest Iranian response aimed at ending the war and added that Iran knows “what’s going to be happening soon.” (Amir Tsafarti)

With Lip-Bu Tan, ceo Intel!