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Morning Brew Daily
AI Investors Ask, Where’s The Money? & Spirit Airlines Goes Premium
Jul 31, 2024
30:24
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Investors are questioning hefty AI spending with minimal returns. Stricter online safety rules for teens are coming after Congress's slow response. Meanwhile, Starbucks struggles with declining traffic as startups learn from Theranos without the fraud. The JetBlue-Spirit merger fallout might actually benefit consumers. Also, the South Sudan basketball team's inspiring journey to the Olympics showcases resilience against odds. Plus, innovations in blood testing are transforming medical diagnostics.
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Quick takeaways
- Investors are questioning the viability of massive AI investments, worrying they may not yield the expected financial returns anytime soon.
- The Senate's bipartisan support for online safety bills highlights a growing concern for protecting minors in digital spaces amid ongoing legislative debates.
Deep dives
Advances in Blood Testing Technology
New startups are developing innovative blood testing technologies that promise significant improvements over traditional methods. Companies like Becton, Dickinson, and Babson Diagnostics aim to create less invasive tests using just a finger prick that can yield results quickly. Unlike Theranos, which made extravagant claims about testing capabilities, these companies focus on realistic and practical advancements, processing blood in centralized labs. This shift is crucial as they seek to streamline the blood testing process, making it faster and less painful for patients.
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