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Video: SpaceX Goes Public

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Video: SpaceX Goes Public

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SpaceX, Elon Musk’s rocket and satellite company, will begin trading on Friday under the ticker symbol SPCX. Its valuation is set at $1.77 trillion and would put Mr. Musk, the world’s richest man, on track to become the first trillionaire in history.

By Shawn Paik

June 12, 2026

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AI is cutting hours of office work, but also creating a new kind of busywork

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AI is cutting hours of office work, but also creating a new kind of busywork

As the use of artificial intelligence spreads across companies worldwide, it is relieving workers of tedious old chores but creating new ones.

A new survey of individuals using AI found it made them more productive, saving each roughly 11 hours per week. But at the same time, the workers on average have to spend more than six hours “botsitting,” checking the AI output, fixing mistakes and rerunning the prompt.

“Most people don’t realize the amount of time that they’re spending working on the tools to get the time savings that they’re professing,” said Paul Leonardi, Duca Family professor of technology management at UC Santa Barbara.

Leonardi is one of the co-authors of the new study published by the Work AI Institute, whose contributors include academics from Stanford University and UC Berkeley. The institute is sponsored by AI company Glean. Leonardi said its research output maps broad trends in understanding AI’s impact on work.

The research surveyed 6,000 digital workers across the United States, the United Kingdom, and Australia between December and January.

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The report found that we are in a phase of significant personal productivity gains, but few companies are translating these gains into revenue and business growth.

While 75% of individuals reported a boost in productivity, only 13% of the organizations say they have seen significant business gains as a result of AI adoption, the survey found.

The survey analyzed anonymized, aggregated workplace data from companies using the Glean Work AI platform, a private search tool used to manage their internal information.

Over the past six months, Silicon Valley companies have been urging their employees to max out their AI use . But the benefits of merely maximizing AI usage have been unclear, with instances such as Uber burning through their entire 2026 AI budget in four months, without shipping a usable feature.

The reason the boost in productivity sometimes leads to waste, Leonardi said, is the time people spend correcting the bot’s work and gathering the right files, documentation, and tacit knowledge required for it to produce high-quality output.

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“It’s pretty striking the amount of time and effort people are spending,” Leonardi said.

Most employees now spend over six hours a week of their workday babysitting their work chatbots, the survey said.

There is a “thick, mostly invisible layer of human labor holding the whole thing together,” the report said.

The survey found that for every hour a worker spends getting useful output from AI, they spend roughly another hour making it usable.

Of the total time workers spend interacting with AI each week, 37% goes to botsitting, 36% to actually using the tool to produce work.

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Part of the reason so much time disappears into botsitting is how often the tools fall short: Workers report that more than a third of AI sessions fail outright, requiring a full restart or substantial rework.

Paradoxically, as more workers hand over bigger parts of their jobs to AI, they are offloading personal judgment and responsibilities to the bots. The survey found 41% of workers say they sometimes deliver AI-generated work they couldn’t explain if asked.

The report highlighted an example of a junior software engineer, Robin, who pasted thousands of lines of AI-generated code before going to bed. But something in there was broken, which a senior engineer already behind on a deadline had to untangle, while Robin struggled to explain.

“I think what’s happening with a lot of these Gen AI tools right now is we’re essentially expecting individual contributors to act as managers,” Leonardi said. “They’re just managing these AI tools, AI agents, and we’re expecting that they’ll be able to produce way more, but we’re not taking into account all of the work that actually goes into managing.”

This problem isn’t likely to go away.

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Legal brawl that helped tank Jeff Shell’s Paramount career ends

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Legal brawl that helped tank Jeff Shell’s Paramount career ends

The strange legal saga that torpedoed Jeff Shell’s career at Paramount Skydance has ended with a whimper.

An attorney for Las Vegas gambler and self-styled “fixer” Robert James “R.J.” Cipriani has asked a Los Angeles County Superior Court judge to dismiss the scorched-earth lawsuit he brought against Shell in March. Cipriani had been demanding $150 million for allegedly providing “sophisticated, high-value crisis communications services, entirely without compensation” to Shell over 18 months.

Shell’s attorneys separately filed court documents to withdraw a counter-lawsuit against Cipriani.

The bitter feud captivated Hollywood earlier this year after Cipriani went public with his grievances against Shell, whom he met nearly two years ago through powerlawyer Patricia Glaser.

Glaser had arranged a meeting in August 2024 between Cipriani and Shell, the former chief executive of NBCUniversal. At the time, she and Shell suspected Cipriani was behind an online whisper campaign to spread rumors about Shell just as he was trying to mount a comeback at Paramount.

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A year earlier, Shell had lost his job as NBCUniversal’s chief executive over an inappropriate relationship with an underling.

Cipriani claimed Shell turned to him for protection against potential bad publicity. In his lawsuit, Cipriani alleged that during months of on-again, off-again conversations, Shell dished sensitive information to him, including that Paramount was poised to strike a $7.7-billion deal to bring UFC fights to Paramount+.

Cipriani also alleged Shell had reneged on a promise to help him develop a show at Paramount as compensation for his occasional work.

Shell has long maintained that he never made such a promise. He contends Cipriani, a self-professed whistleblower who goes by the handle RobinHood702 (the Las Vegas area code), was trying to shake him down.

“I didn’t pay this guy a cent,” Shell said Thursday. “From the very beginning, I wasn’t going to pay him a cent.”

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Earlier this spring, Paramount conducted an external review into Shell’s conduct and found no violation of securities laws.

Robert James “R.J.” Cipriani in Amazon Prime Video’s 2025 series, “Cocaine Quarterback.”

(Courtesy of Prime)

The nasty spat culminated in April when Shell agreed to resign as president of Paramount Skydance to concentrate on his legal headache.

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At the time, Cipriani had widened his lawsuit to include Shell’s wife, Laura, and tech billionaire Larry Ellison, whose son David Ellison runs Paramount. Cipriani named others, including the Ellisons’ investment partner, RedBird Capital Partners. Cipriani’s lawyer subpoenaed entertainment and sports executive Ari Emanuel to get testimony to advance the beef.

Shell and Paramount’s lawyers fought back, demanding sanctions be leveled against Cipriani for an alleged overreach.

On Tuesday, Cipriani’s attorney Steven J. Aaronoff filed a request for “a dismissal of the entire action, with prejudice, as to all parties and all causes of action … against all named Defendants, including Jeff Shell, Laura Shell, Paramount Skydance Corp., RedBird Capital Partners LLC, David Ellison and Lawrence J. Ellison.”

Cipriani and Aaronoff were not immediately available for comment.

On Thursday, Glaser declined to comment. The veteran litigator found herself in hot water after her efforts to broker a detente between Cipriani and Shell spectacularly backfired.

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Staff writer Stacy Perman contributed to this report.

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