📉 Finance expert warns the AI boom could crash

🛡️ Meta lobbies for immunity from child harm lawsuits

🎲 Polymarket paid creators to fake winning bets

🔒 Signal president warns against trusting AI chatbots

🧬 Anthropic poaches a Nobel laureate from Google

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NYU finance professor Aswath Damodaran, the "Dean of Valuation," warns a coming AI correction could hurt more than the dot-com crash, because today's boom rests on far heavier capital spending than 1990s software did.

His bigger worry is the debt. He says much of the AI buildout runs on private-credit loans, not equity, so a downturn could trigger defaults that spill beyond shareholders into the broader economy.

Damodaran isn't betting on the boom himself. He has sold out of Nvidia entirely. When the valuation professor warning of a debt-fueled reckoning exits the poster child, it's worth a second look.

Meta has lobbied Congress to slip a provision into the Kids Online Safety Act that would make platforms immune from state lawsuits over harm to users under 18, Reuters reports.

The stakes are real. Meta and YouTube already face thousands of suits and lost the first trial this year, a combined $6 million verdict. Meta offered to drop its KOSA opposition if the provision passes.

Meta calls it "uniform national standards," not blanket immunity. Trial lawyers read it differently. So does co-sponsor Marsha Blackburn, whose office told Reuters it "would never consider" the language.

A Wall Street Journal investigation found Polymarket paid mostly college-age creators to fake winning bets in promotional videos. Across 1,105 clips showing about $1.9 million in wagers, none of the bets were real.

Creators filmed wins on copycat sites built to mirror the real platform, earning $2,000 to $3,000 a month without disclosing the pay. A marketing firm called Virality pushed the clips past 140 million views.

The irony is sharp. Polymarket's whole pitch is that every real trade settles on a public blockchain anyone can audit. Its growth campaign ran on staged trades that no ledger could verify.

Signal president Meredith Whittaker told Bloomberg that AI chatbots like ChatGPT and Claude "are not your friends" and not conscious beings, pushing back on users who treat them as confidants.

Her sharper concern targets agentic AI. She argued tools like Microsoft Copilot need access to your credit card, browser, messages, calendar, and home address, which in Signal's case would amount to a backdoor.

Whittaker admits she uses AI to format a document now and then but never asks it questions. Coming from the head of the world's most-used encryption protocol, the caution lands harder.

John Jumper, the Google DeepMind VP who won the 2024 Nobel Prize in chemistry for AlphaFold, announced Friday he's leaving after nearly 9 years to join rival Anthropic.

The hire fits Anthropic's life sciences push. In April it paid $400 million for biotech startup Coefficient Bio, and reports say DeepMind staff have left for Anthropic at nearly 11 to 1.

Jumper isn't the only big name walking out. Transformer co-inventor Noam Shazeer left DeepMind this week too, heading to OpenAI. Google's prize-winning talent keeps choosing the smaller labs.

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