Morning Brew Daily AI Investors Ask, Where’s The Money? & Spirit Airlines Goes Premium
4 snips
Jul 31, 2024 Investors are questioning massive AI spending amid little revenue. A new Kids Online Safety Act aims to tighten tech rules for minors. Starbucks faces declining sales and tough competition. The podcast highlights innovative blood testing startups aiming for accuracy without the pain, inspired by the Theranos fallout. Meanwhile, JetBlue and Spirit Airlines adapt to changing demands in the airline industry. They also share uplifting stories from the upcoming Paris Olympics, showcasing resilience and triumph in sports.
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Kids Online Safety Act
- The US Senate passed the Kids Online Safety Act (COSA) and the Children and Teens Online Privacy Protection Act (COPA 2.0).
- These bills aim to protect minors online and represent the first significant action on this issue since 1998.
AI Investments
- Tech companies are investing heavily in AI, but investors are growing impatient with the lack of immediate returns.
- Companies are prioritizing overspending to avoid underinvesting, given AI's long-term potential.
Starbucks Struggles
- Starbucks' same-store sales declined for the second straight quarter, with US traffic down 6%.
- The coffee chain faces criticism for increased prices and competition, particularly in China.