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Happy Thursday, party people. The longtime owners of the Los Angeles Lakers, The Buss Family, have just sold a majority stake in the franchise to Mark Walter for $10 billion. So, if you've been sitting on a basketball team for a while, now might be the time to sell…
DAILY TOP TRENDS
YouTube – “So Be It”
X
(Twitter)– Mykhailo MudrykGoogle – Anne Burrell
Reddit – WNBA
Letterboxd – Final Destination Bloodlines
Spotify – “Cops & Robbers”
Social Media Has Replaced Mainstream News
Americans’ primary source of news is now social media.
The Front Page: 54% of Americans get news from social media platforms like Facebook, YouTube, TikTok, and X, while only about 50% get news from mainstream sources like CBS, ABC, or Fox, according to a Reuters survey. This shift is occurring globally but nowhere faster than in the US.
The Small Print: Social media has become such an influential source of news that many politicians now prioritize it over mainstream news outlets.
Major social media stars command larger audiences than news outlets. Joe Rogan reached nearly a quarter of all Americans in some form during the week Reuters conducted the survey.
Reliance on X as a news source is only increasing, especially as a platform for right-wing political engagement. X users who self-identify as right-wingers have tripled in the US and doubled in the UK since Musk acquired the platform.
TikTok trails behind these platforms in its global user base but is the fastest-growing social media network, with 17% of people globally relying on it for news.
Back Matter: Despite this trend, nearly half the people surveyed globally said they believed social media was “a major source of false or misleading information.” And while people — especially young people — are increasingly relying on AI chatbots to get news, almost everyone agrees that AI spreads disinformation and degrades the quality of news, preferring trusted outlets with long histories of integrity.
Prediction: Expect faith in news and news outlets to continue to fracture and for public perception of AI in news to degrade even further.
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AI Comes For Its Creators
Programmers have begun coding themselves out of a job.
The Big Picture: In a recent company-wide address, Amazon CEO Andy Jassy explained that the efficiency gains forecast by generative AI are so significant that Amazon will make major reductions to its workforce in the coming years. The jobs AI created are already gone, but it’s about to take many more away.
Between the Lines: Jassy euphemistically explained that Amazon’s workers are victims of their own success.
Amazon has already implemented over 1,000 generative AI programs throughout every arm of the company — and plans to streamline its process for building more.
Since the resulting “efficiency gains” are projected to apply to every sector within Amazon, so will the predicted job cuts (though middle managers are usually the first to go).
Instead of assurance, Jassy gave his employees a list of demands for new skills he expected them to learn, during and outside of work hours, to possibly improve their chances of keeping their job.
Conclusion: Forget Amazon and even Big Tech: these cuts are happening everywhere. Generative AI has only strengthened corporate America’s belief in ruthless efficiency, even while more than half of employers regret replacing their employees with AI. Unless powerful entities realign their priorities away from profit, these cuts will likely continue.
Prediction: Even Big Tech may sour on AI if cuts persist, especially if AI continues to output a lower quality of work than the human laborers it replaces.
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Built over 700 homes to date.
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DEEP DIVES
Watch: CBS explores how people can’t help forming relationships with chatbots.
Read: BBC investigates the recent trend of “bibliotherapy,” or reading books with the explicit intention of improving one’s emotional well-being.
Listen: NPR delves into the “golden share” agreement just brokered between US Steel and Japan-owned Nippon Steel.
What’s your primary source of news?
58.1% of you voted Yes in yesterday’s poll: Do you feel like your workday regularly extends beyond eight hours?
“Yes… and I work at a mental health company.”
“Since I started my career, this has been the case. I’ve been texted by colleagues while at my grandma’s funeral. American work culture is broken.”
“I’m a paralegal at a top law firm, and constant access via a firm-issued iPhone is expected. Nothing we do is life-saving or world-changing — it’s all manufactured urgency to bring in more money.”
“NO cell phone. No working from home. Clock in at 9 and clock out at 5 for the last 50 years. They can’t change or force me to adapt to the new norm. Can’t wait to retire in 6 months!!!!!!”
Let’s keep the conversation going. Join our Poll Of The Day newsletter, so your opinions can shine. Discover how your views line up with your peers’, check out cool insights, and have some fun. It’s data with personality.
QUICK HITS
→ Entertainment / Media
☀️ Reese Witherspoon announced Sunnie, her new multiplatform brand aimed at Gen Z women.
💉 Vegas plan to host the world’s first Steroid Olympics next year.
🎮 Warner Bros. Games restructures and pivots resources to their planned blockbuster offerings.
→ Fashion / E-commerce
🧒 Walmart targets younger shoppers in a business environment made uncertain by tariffs.
🛍️ Dubai celebrates the luxury industry while the rest of the world gives it the cold shoulder.
🎧 Society has decided that it’s acceptable to wear AirPods in every situation — which can be a serious problem.
→ Technology
₿ Pro-Israel hackers break into Iran’s biggest crypto exchange and destroy millions in cryptocurrency.
👽 Marketers are learning that Reddit comments have an outsize influence on how AI forms reputations about brands.
☎️ Some parents are refusing to give their kids smartphones — opting for landlines instead.
Let us know how we are doing...
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Today’s email was written by Luke Perrotta.
Edited by Nick Comney. Copy edited by Kait Cunniff.
Published by Darline Salazar.