White-collar workers stuck in a cycle of layoffs and stagnant wages might want to look past the traditional tech, finance and media job postings to an unexpected source of opportunity: the blue-collar sector, which faces a labor shortage and is seeing rapid transformation through private-equity investment. These jobs are generally less vulnerable to AI, and the earning trajectory can be steep, the WSJ writes.

At Crash Champions, a car-repair chain that has grown from 13 locations in 2019 to about 650 shops across 38 states, service advisers start at roughly $60,000 after a six-month apprenticeship and can double that within 18 months, according to CEO Matt Ebert. Directors overseeing multiple locations earn more than $200,000. Power Home Remodeling, a PE-backed construction company, says tech sales professionals earning $85,000 to $100,000 could make lateral moves after a 10-week training program.

The share of workers in their early 20s employed in blue-collar roles rose from 16.3% in 2019 to 18.4% in 2024, according to ADP -- five times the increase among 35- to 39-year-olds.

After spending years pushing digital payments to combat tax evasion and money laundering, European Union ministers decided in December to ban businesses from refusing cash. The reversal comes as 12% of European businesses flatly refused cash in 2024, up from 4% three years earlier.

Over one in three cinemas in the Netherlands no longer accept notes and coins. Cash usage across the euro area dropped from 79% of in-person transactions in 2016 to just 52% in 2024. Sweden leads the digital shift where 90% of purchases now happen digitally and cash represents under 1% of GDP compared to 22% in Japan.

The policy change stems from concerns about financial inclusion for elderly and poor populations who struggle with digital systems. Resilience worries also drove the decision after Spaniards facing nationwide power cuts last spring found themselves unable to buy food. European officials worry about dependence on American payment giants Visa and MasterCard. The EU now recommends citizens store enough cash to survive a week without electricity or internet access.

America's largest power-grid operator, PJM, which delivers electricity to 67 million people across a 13-state region from New Jersey to Kentucky, is approaching a supply crisis as AI data centers in Northern Virginia's "Data Center Alley" consume electricity at an unprecedented rate.

The nonprofit expects demand to grow by 4.8% annually over the next decade. Mark Christie, former chairman of the Federal Energy Regulatory Commission, said the reliability risk that was once "on the horizon" is now "across the street." Dominion Energy, the utility serving parts of Virginia, has received requests from data-center developers requiring more than 40 gigawatts of electricity -- roughly twice its Virginia network capacity at the end of 2024. Older power plants are going out of service faster than new ones can be built, and the grid could max out during periods of high demand, forcing rolling blackouts during heat waves or deep freezes.

In November, efforts to establish new rules for data centers stalled when PJM, tech companies, power suppliers and utilities couldn't agree on a plan. Monitoring Analytics, the firm that oversees the market, warned that unless data centers bring their own power supply, "PJM will be in the position of allocating blackouts rather than ensuring reliability."

A newly founded startup called GRU Space is taking deposits of up to $1 million to eventually build inflatable hotels on the Moon. The bet is that space needs destinations, not just rockets, even if the first customers are essentially early adopters of sci-fi optimism. Ars Technica reports: It sounds crazy, doesn't it? After all, GRU Space had, as of late December when I spoke to founder Skyler Chan, a single full-time employee aside from himself. And Chan, in fact, only recently graduated from the University of California, Berkeley. [...] The GRU in the company's name, by the way, stands for Galactic Resource Utilization. The long-term vision is to derive resources from the Moon, Mars, asteroids, and beyond to fuel human expansion into space.

If all that sounds audacious and unrealistic, well, it kind of is. But it is not without foundation. GRU Space has already received seed funding from Y Combinator, and it will go through the organization's three-month program early this year. This will help Chan refine his company's product and give him more options to raise money. Regarding his vision, you can read GRU Space's white paper here.

Presently, the company plans to fly its initial "mission" in 2029 as a 10-kg payload on a commercial lunar lander, demonstrating an inflatable structure capability and converting lunar regolith into Moon bricks using geopolymers. With its second mission, the company plans to launch a larger inflatable structure into a "lunar pit" to test a scaled-up version of its resource development capabilities.

The first hotel, an inflatable structure, would be launched in 2032 and would be capable of supporting up to four guests at a time. The next iteration beyond this would be the fancier structure, built from Moon bricks, in the style of the Palace of the Fine Arts. "SpaceX is building the FedEx to get us there, right?" Chan said. "But there has to be a destination worthy to stay in. Obviously, there is all kinds of debate around this, and what the future is going to be like. But our conviction is that the fundamental problem we have to solve, to advance humans toward the Moon and Mars, is off-world habitation. We can't keep everyone living on that first ship that sailed to North America, right? We have to build the roads and structures and offices that we live in today."

22 years ago, developer and columnist John Gruber released Markdown, a simple plain-text formatting system designed to spare writers the headache of memorizing arcane HTML tags. As technologist Anil Dash writes in a long piece, Markdown has since embedded itself into nearly every corner of modern computing.

Aaron Swartz, then seventeen years old, served as the beta tester before its quiet March 2004 debut. Google eventually added Markdown support to Docs after more than a decade of user requests; Microsoft put it in Notepad; Slack, WhatsApp, Discord, and Apple Notes all support it now. Dash writes: The part about not doing this stuff solely for money matters, because even the most advanced LLM systems today, what the big AI companies call their "frontier" models, require complex orchestration that's carefully scripted by people who've tuned their prompts for these systems through countless rounds of trial and error. They've iterated and tested and watched for the results as these systems hallucinated or failed or ran amok, chewing up countless resources along the way. And sometimes, they generated genuinely astonishing outputs, things that are truly amazing to consider that modern technology can achieve. The rate of progress and evolution, even factoring in the mind-boggling amounts of investment that are going into these systems, is rivaled only by the initial development of the personal computer or the Internet, or the early space race.

And all of it -- all of it -- is controlled through Markdown files. When you see the brilliant work shown off from somebody who's bragging about what they made ChatGPT generate for them, or someone is understandably proud about the code that they got Claude to create, all of the most advanced work has been prompted in Markdown. Though where the logic of Markdown was originally a very simple version of "use human language to tell the machine what to do", the implications have gotten far more dire when they use a format designed to help expresss "make this **bold**" to tell the computer itself "make this imaginary girlfriend more compliant".

"We will make the new ð algorithm...open source in 7 days," Elon Musk posted Saturday on X.com. Musk says this is "including all code used to determine what organic and advertising posts are recommended to users," and "This will be repeated every 4 weeks, with comprehensive developer notes, to help you understand what changed."

Some context from Engadget: Musk has been making promises of open-sourcing the algorithm since his takeover of Twitter, and in 2023 published the code for the site's "For You" feed on GitHub. But the code wasn't all that revealing, leaving out key details, according to analyses at the time. And it hasn't been kept up to date.
Bloomberg also reported on Saturday's announcement: The billionaire didn't say why X was making its algorithm open source. He and the company have clashed several times with regulators over content being shown to users.

Some X users had previously complained that they were receiving fewer posts on the social media platform from people they follow. In October, Musk confirmed in a post on X that the company had found a "significant bug" in the platform's "For You" algorithm and pledged a fix. The company has also been working to incorporate more artificial intelligence into its recommendation algorithm for X, using Grok, Musk's artificial intelligence chatbot...

In September, Musk wrote that the goal was for X's recommendation engine to "be purely AI" and that the company would share its open source algorithm about every two weeks. "To the degree that people are seeing improvements in their feed, it is not due to the actions of specific individuals changing heuristics, but rather increasing use of Grok and other AI tools," Musk wrote in October. The company was working to have all of the more than 100 million daily posts published to X evaluated by Grok, which would then offer individual users the posts most likely to interest them, Musk wrote. "This will profoundly improve the quality of your feed." He added that the company was planning to roll out the new features by November.

The restaurant industry is trying to figure out whether America has hit peak pizza. From a report: Once the second-most common U.S. restaurant type, pizzerias are now outnumbered by coffee shops and Mexican food eateries, according to industry data. Sales growth at pizza restaurants has lagged behind the broader fast-food market for years, and the outlook ahead isn't much brighter.

"Pizza is disrupted right now," Ravi Thanawala, chief financial officer and North America president at Papa John's International, said in an interview. "That's what the consumer tells us." The parent of the Pieology Pizzeria chain filed for chapter 11 bankruptcy protection in December. Others, including the parent of Anthony's Coal Fired Pizza & Wings and Bertucci's Brick Oven Pizza & Pasta, earlier filed for bankruptcy.

Pizza once was a novelty outside big U.S. cities, providing room for growth for independent shops and then chains such as Pizza Hut with its red roof dine-in restaurants. Purpose-made cardboard boxes and fleets of delivery drivers helped make pizza a takeout staple for those seeking low-stress meals. Today, pizza shops are engaged in price wars with one another and other kinds of fast food. Food-delivery apps have put a wider range of cuisines and options at Americans' fingertips. And $20 a pie for a family can feel expensive compared with $5 fast-food deals, frozen pizzas or eating a home-cooked meal.

[...] Pizza's dominance in American restaurant fare is declining, however. Among different cuisines, it ranked sixth in terms of U.S. sales in 2024 among restaurant chains, down from second place during the 1990s, Technomic said. The number of pizza restaurants in the U.S. hit a record high in 2019 and has declined since then, figures from the market-research firm Datassential show. Further reading, at WSJ: The Feds Need to Bail Out the Pizza Industry.

The "talent is everywhere" approach that U.S. employers adopted during the white-hot pandemic job market is quietly giving way to something much older and more familiar: recruiting almost exclusively from a small set of elite and nearby universities. A 2025 survey of more than 150 companies by Veris Insights found that 26% were exclusively recruiting from a shortlist of schools, up from 17% in 2022.

Diversity as a priority for school recruiting selection dropped to 31% of employers surveyed in 2025, down from nearly 60% in 2022. GE Appliances once sent recruiters on one or two passes through 45 to 50 schools each year; now the company attends four or five events per semester at just 15 universities, including Purdue and Auburn. McKinsey, the consulting firm that expanded recruitment well beyond the Ivy League after George Floyd's murder, recently removed language from its career page that said "We hire people, not degrees." The firm now hosts in-person events at a shortlist of about 20 core schools, including Vanderbilt and Notre Dame.

Most companies now recruit at up to 30 American colleges out of about 4,000, said William Chichester III, who has directed entry-level recruiting at Target and Peloton. For students outside elite schools or those located near company headquarters? "God help you," he said.

After Congress approved President Donald Trump's rescission package eliminating federal funding, the Corporation for Public Broadcasting voted to dissolve after 58 years, rather than continue to exist and potentially be "vulnerable to future political manipulation or misuse." The shutdown leaves hundreds of local public TV and radio stations facing an uncertain future. Variety reports: The CPB was created by Congress by the Public Broadcasting Act of 1967 to support the federal government's investment in public broadcasting. The org noted that the rescission of all of CPB's federal funding came after years of political attacks. "For more than half a century, CPB existed to ensure that all Americans -- regardless of geography, income, or background -- had access to trusted news, educational programming, and local storytelling," said CPB president/CEO Patricia Harrison. "When the Administration and Congress rescinded federal funding, our Board faced a profound responsibility: CPB's final act would be to protect the integrity of the public media system and the democratic values by dissolving, rather than allowing the organization to remain defunded and vulnerable to additional attacks.

[...] "CPB's support extends to every corner of the country -- urban, rural, tribal, and everywhere in between," the org noted. "In many communities, public media stations are the only free source of trusted news, educational children's programming, and local and national cultural content." The CPB said that without funding, its board determined that "maintaining the corporation as a nonfunctional entity would not serve the public interest or advance the goals of public media. A dormant and defunded CPB could have become vulnerable to future political manipulation or misuse, threatening the independence of public media and the trust audiences place in it, and potentially subjecting staff and board members to legal exposure from bad-faith actors."

As it closes, CPB is distributing its remaining funds, and also supporting the American Archive of Public Broadcasting in digitizing and preserving historic content. The CPB's own archives will be preserved at the University of Maryland, which will make it accessible to the public. "Public media remains essential to a healthy democracy," Harrison added. "Our hope is that future leaders and generations will recognize its value, defend its independence, and continue the work of ensuring that trustworthy, educational, and community-centered media remains accessible to all Americans."

America's electric car subsidies expired at the end of September, notes Bloomberg. Yet in those last three months, "while fully electric cars and trucks made up 10% of all auto sales in the US... another 15% of transactions were for hybrid vehicles." The EV market is slowing in the U.S., but analysts expect hybrid sales to continue accelerating. CarGurus Inc., a digital listings platform that covers most of the US auto market, predicts nearly one in six new cars next year will be a hybrid, as automakers green-light more and better machines with the technology. And though these cars and trucks will still burn gas, they will quietly move the needle on both transportation emissions and the transition to fully electric cars and trucks... CarGurus calls hybrids the success story of 2025. Indeed, the fastest-selling car in the country this year has been the Hyundai Palisade Hybrid; it sat on lots for fewer than 14 days on average...

While carmakers have struggled to turn a profit on fully electric vehicles, analysts say their investments in batteries and electric motors are helping them sell more and better hybrid machines. It's also increasingly difficult to discern a hybrid from a solely gas-powered model, said Scott Hardman, assistant director of the Electric Vehicle Research Center at the University of California at Davis. Carmakers today often don't even label a hybrid as such. Consider Toyota's RAV4, one of the best-selling vehicles in America. The 2026 version of the SUV comes in six different variants, all of which include an electric motor and a gas tank. "A hybrid is just a regular car now," Hardman said. "You can buy one by accident...."

While not as clean as an electric vehicle, hybrids offer sneaky carbon cuts as well. Americans, on average, drive about 38 miles a day, which requires about one gallon of gas in most basic hybrids. Contemporary plug-in hybrids, which can run on all-battery power, can cover almost that entire range without the gas engine kicking in. And a small crowd of cars will do even better, stretching their batteries well over 40 miles per charge. All told, hybridization can reduce the carbon dioxide emissions of a vehicle by roughly 20% to 30%, according to the International Council on Clean Transportation.
Some interesting statistics from the article:

• By 2030 Ford expects fully or partially electrified vehicles will represent half its global sales. Toyota has already reached 50% ("in part thanks to all those hybrid RAV4s").

• Honda is "basing its entire business on hybrids until at least 2030."

• Around one-third of America's hybrid drivers "transition to a fully electric vehicle when they next switch cars."

• In September 57% of America's car shoppers "were considering a fully electric auto, according to JD Power. However, among hybrid households, that share was almost 70%."

The Wall Street Journal profiles "the startup that is now one of a handful of chip makers nipping at the heels of Nvidia." Furiosa's AI chip is dubbed "RNGD" — short for renegade — and slated to start mass production this month. Valued at nearly $700 million based on its most recent fundraising, Furiosa has attracted interest from big tech firms. Last year, Meta Platforms attempted to acquire it, though the startup declined the offer. OpenAI used a Furiosa chip for a recent demonstration in Seoul. LG's AI research unit is testing the chip and said it offered "excellent real-world performance." Furiosa said it is engaged in talks with potential customers.

Nvidia's graphic processing units, or GPUs, dominated the initial push to train AI models. But companies like Furiosa are betting that for the next stage — referred to as "inference," or using AI models after they're trained — their specialty chips can be competitive. Furiosa makes chips called neural processing units, or NPUs, which are a rising class of chips designed specifically to handle the type of computing calculations underpinning AI and use less energy than GPUs. [Founder/CEO June] Paik said Furiosa's chips can provide similar performance as Nvidia's advanced GPUs with less electricity usage. That would drive down the total costs of deploying AI. The tech world, Paik says, shouldn't be so reliant on one chip maker for AI computing. "A market dominated by a single player — that's not a healthy ecosystem, is it?" Paik said...

In 2024, at Stanford's prestigious Hot Chips conference, Paik debuted Furiosa's RNGD chip as a solution for what he called "sustainable AI computing" in a keynote speech. Paik presented data showing how the chip could run the then-latest version of Meta's Llama large language model with more than twice the power efficiency of Nvidia's high-end chips. Furiosa's booth was swarmed with engineers from big tech firms, including Google, Meta and Amazon.com, wanting to see a live demo of the chip. "It was a moment where we felt we could really move forward with our chip with confidence," Paik said.

The New York Times checks in on U.S. university researchers and start-ups trying to create domestic rare-earth processing facility: There is too little money to be made in rare earths for the elements to be of much interest to mining giants, so the challenge of reestablishing a domestic industry has fallen to small companies like Phoenix Tailings, a Boston-area startup that runs the metal-making plant in Exeter, New Hampshire. A handful of other companies in the United States are processing rare earths in small quantities, including MP Materials, which owns a mine in Mountain Pass, California, and recently began producing rare-earth metal in Fort Worth, Texas. Similar efforts are underway in Europe and Asia. "It's small volumes of low-value materials that are very expensive to process," said Elsa Olivetti, a materials science and engineering professor at the Massachusetts Institute of Technology. "Meaning it's hard to make money."

Phoenix Tailings' New Hampshire operation is about 2 months old, housed in a converted medical device plant. The company buys metric-ton bags of powder — a mixture of neodymium and praseodymium bound with oxygen — from mining and refining companies in the United States, South America and Australia. It funnels that flour-like material into a drying oven and eventually into furnaces that heat it to the temperature of volcanic lava. This circuit takes up less than 15,000 square feet and is designed to generate no emissions other than those associated with the electricity Phoenix Tailings uses. The closed-loop design distinguishes this process from the more energy-intensive techniques used in China, where workers scoop up molten metal with ladles. That approach releases perfluorocarbons, potent greenhouse gases that do not break down easily.
In late 2024 the company was three weeks from bankruptcy — but it's recently been valued at $189 million.

Remember how California's government negotiated a 2024 deal where Google contributed millions to California's local newsrooms to offset advertisers moving to the search engine?

"A year after it was cemented — and billed as a model that could succeed where entire countries and continents had fallen short — the agreement is tangled in budget cuts, bureaucratic infighting and unresolved questions about who controls the money," reports Politico, "leaving journalists empty-handed and casting doubt on whether the lofty experiment will ever live up to its promise." The program, initially framed as a nearly $250 million commitment over five years, has secured just $20 million in new money for journalists in its first year, with no guarantee the funding will continue. It's changed hands twice since the University of California, Berkeley withdrew its support [with school officials "worried they wouldn't have enough of a say in how the money was distributed"]. Suggestions that other big tech players like ChatGPT-maker OpenAI could front more resources haven't materialized. A $62.5 million "AI accelerator" tied to the deal hasn't been set up yet.

Not a single newsroom has seen a dollar of funding, and there's no definitive timeline spelling out when they will... [The article adds later that state officials "have yet to draft precise rules for how California will decide which newsrooms get cash..."] Conversations with at least 20 people involved in the deal's rollout reveal how California's budget shortfalls and intraparty spats among Democrats scrambled it... California's struggle to launch its program has dampened hopes of replicating its model in other states such as Oregon, Illinois and New York, where lawmakers have tried but failed to make Big Tech pay for news...

When [California governor] Newsom unveiled his final state budget plan in May 2025 after a $12 billion deficit suddenly scrambled the state's finances, California's first-year commitment was reduced from $30 million to $10 million. Google followed suit within days and cut its first-year contribution from $15 million to $10 million... Whether the program even continues past 2026 is also unclear. Newsom's office declined to confirm whether the state will provide its $10 million commitment to the fund in the coming 2026-27 state budget. Newsom will also be termed out in 2027, and there's no requirement for his successor to honor the state's agreement with Google.

"While a growing number of U.S. employers are mandating workers return to the office five days a week," reports the Washington Post, "some companies say AI is saving them enough time to launch or sustain a four-day workweek.

"More companies may move toward a shortened workweek, several executives and researchers predict, as workers, especially those in younger generations, continue to push for better work-life balance." And "several companies — especially those with a largely remote workforce — have adjusted their work rhythm after delegating many tasks to AI..." AI "has such a potential to have so much labor savings, you'll see firms shift to a four-day week in an evolutionary way," said Juliet Schor, an economist and sociologist at Boston College who has studied the subject. "There's enough social consensus that people are exhausted and stressed...." Small and medium businesses often adopt shortened workweeks to compete with big salaries for new hires and retention, Schor said. That's how Peak PEO, a London-based service that helps companies expand globally with teams in different locations, thought about its strategy... CEO Alex Voakes said that job openings that used to get two applications jumped to 350 after the change.
"Some of the world's most influential business leaders have publicly suggested the shift may be inevitable," adds Fortune: Jamie Dimon, the CEO of JPMorgan Chase, has said advancing technology could eventually push the workweek down to just three-and-a-half days. Microsoft cofounder Bill Gates has gone further, openly questioning whether a two-day workweek could be the future. Elon Musk has taken the idea to its logical extreme, positing that the need to work altogether could cease... Tech innovation could "probably" lead to a transition toward four-day workweeks, [Nvidia CEO Jensen] Huang said on Fox Business in August...

A new sweeping meta-analysis has found no reliable link between economic inequality and well-being or mental health, challenging a long-held assumption that has shaped public health policy discussions for decades. The study, led by Nicolas Sommet at the University of Lausanne and Annahita Ehsan at the University of British Columbia, synthesized 168 studies involving more than 11 million participants across most world regions. The researchers screened thousands of scientific papers and contacted hundreds of researchers to compile the dataset, extracting more than 100 study features from each paper and linking them to more than 500 World Bank indicators.

They also replicated their findings using Gallup World Poll data spanning 2005 to 2021, which surveyed more than two million respondents from more than 150 countries. People living in more economically unequal places did not, on average, report lower life satisfaction or happiness than those in more equal places. The average effect across studies was not statistically significant and was practically equivalent to zero. Studies that did find links between inequality and poorer mental health turned out to reflect publication bias, where small, noisy studies reporting larger effects were over-represented in the literature. The study adds: Further analyses showed that the near-zero averages conceal more-complex patterns. Greater income inequality was associated with lower well-being in high-inflation contexts and, surprisingly, higher well-being in low-inflation contexts. Greater inequality was also associated with poorer mental health in studies in which the average income was lower. We conclude that inequality is a catalyst that amplifies other determinants of well-being and mental health (such as inflation and poverty) but on its own is not a root cause of negative effects on well-being and mental health.

Warren Buffett is retiring as CEO of Berkshire Hathaway at age 95, ending a 55-year run that reshaped how generations of Americans think about investing. "The 95-year-old, often referred to as the 'Oracle of Omaha' and the 'billionaire next door,' will relinquish the title after a career that saw him turn a failing textile firm into one of the most successful asset managers in the world," reports NBC News. From the report: Greg Abel, the 63-year-old lesser-known CEO of Berkshire's energy business, will take the helm of the conglomerate on Thursday. Buffett will remain its chairman.

Under Buffett's leadership, Nebraska-based Berkshire has thrived at the intersection of Wall Street and Main Street, with investments in industries ranging from railroads and insurance to candy and ice cream.

Along the way, while living in the same house he bought for just over $30,000 in the late 1950s, he redefined investing for the American public with his folksy and practical advice, became one of the wealthiest people on Earth and dedicated much of that fortune to philanthropy. Berkshire's most significant tech bet was initiated in 2016 when it invested $1 billion. Apple has since become Berkshire Hathaway's largest single holding, representing over 20% of the portfolio and valued at more than $65 billion.

While Buffett largely avoided pure tech for decades, Buffett long considered technology a blind spot, famously saying "I wish I had" bought Apple earlier.

Throughout the years, Buffett expressed his disinterest in cryptocurrency and said he would "never own bitcoin," referring to it as "probably rat poison squared" and a "gambling token."

The consulting firm CVL Economics estimated last year that AI would disrupt more than 200,000 entertainment-industry jobs in the United States by 2026, but writer Nick Geisler argues in The Atlantic that the most consequential casualties may be the humble entry-level positions where aspiring artists have traditionally paid dues and learned their craft. Geisler, a screenwriter and WGA member who started out writing copy for a how-to website in the mid-2010s, notes that ChatGPT can now handle the kind of articles he once produced.

This pattern is visible today across creative industries: the AI software Eddie launched an update in September capable of producing first edits of films, and LinkedIn job listings increasingly seek people to train AI models rather than write original copy. The story adds: The problem is that entry-level creative jobs are much more than grunt work. Working within established formulas and routines is how young artists develop their skills. The historical record suggests those early rungs matter. Hunter S. Thompson began as a copy boy for Time magazine; Joan Didion was a research assistant at Vogue; directors Martin Scorsese, Jonathan Demme, and Francis Ford Coppola shot cheap B movies for Roger Corman before their breakthrough work. Geisler himself landed his first Netflix screenplay commission through a producer he met while making rough cuts for a YouTube channel. The story adds: Beyond the money, which is usually modest, low-level creative jobs offer practice time and pathways for mentorship that side gigs such as waiting tables and tending bar do not. Further reading: Hollow at the Base.

In a year when print book sales have slipped 1% to 679 million copies through early December, according to Circana BookScan, audiobooks continue to carve out territory that once belonged exclusively to hardcovers, and in several notable cases this year, the audio versions have outright outsold their physical counterparts.

S.A. Cosby's southern crime novel "King of Ashes" moved more copies as an audiobook than as a hardcover, according to publisher Macmillan Audio. The same is true for celebrity memoirs from Jeremy Renner, Alyson Stoner, and Brooke Shields -- all narrated by the authors themselves. Karin Slaughter's thriller "We Are All Guilty Here" and comedian Nate Bargatze's "Big Dumb Eyes" also saw their audio editions outpace hardcover sales.

Digital audiobook revenue jumped nearly 24% in 2024 to $1.1 billion, per the Association of American Publishers, though growth has cooled to 1% through October this year, bringing in nearly $888 million. The format's strength has professional narrators watching AI developments nervously. Emily Lawrence, who has narrated more than 600 audiobooks, said there's "a lot of water cooler talk about people who haven't had work in months." Hachette Audio publisher Ana Maria Allessi said voice-cloning technology is becoming more sophisticated and could change how authors approach narration.

Meta has agreed to acquire viral AI agent startup Manus, "a Singapore-based AI startup that's become the talk of Silicon Valley since it materialized this spring with a demo video so slick it went instantly viral," reports TechCrunch. "The clip showed an AI agent that could do things like screen job candidates, plan vacations, and analyze stock portfolios. Manus claimed at the time that it outperformed OpenAI's Deep Research." From the report: By April, just weeks after launch, the early-stage firm Benchmark led a $75 million funding round that assigned Manus a post-money valuation of $500 million. General partner Chetan Puttagunta joined the board. Per Chinese media outlets, some other big-name backers had already invested in Manus at that point, including Tencent, ZhenFund, and HSG (formerly known as Sequoia China) via an earlier $10 million round.

Though Bloomberg raised questions when Manus started charging $39 or $199 a month for access to its AI models (the outlet noted the pricing seemed "somewhat aggressive... for a membership service still in a testing phase,") the company recently announced it had since signed up millions of users and crossed $100 million in annual recurring revenue. That's when Meta started negotiating with Manus, according to the WSJ, which says Meta is paying $2 billion -- the same valuation Manus was seeking for its next funding round.

For Zuckerberg, who has staked Meta's future on AI, Manus represents something new: an AI product that's actually making money (investors have grown increasingly twitchy about Meta's $60 billion infrastructure spending spree). Meta says it'll keep Manus running independently while weaving its agents into Facebook, Instagram, and WhatsApp, where Meta's own chatbot, Meta AI, is already available to users.

The Wall Street Journal reports that Boston's once-booming biotech sector has hit a sharp downturn, leaving newly minted Ph.D.s struggling to find work as venture funding dries up, lab space sits empty, and companies downsize or relocate amid rising costs and policy uncertainty. The Wall Street Journal reports: Boston's biotech sector, long a vital economic engine for one of America's wealthiest metro areas, is sputtering. A double whammy of cutbacks in venture capital and government funding have taken a toll, leading to layoffs and struggles for job seekers. For workers who thought they would easily launch into a well-paying science career, the downturn has been especially harsh.

Massachusetts experienced a slight decline in its roughly 65,000 biotech research-and-development jobs in 2024 after years of mostly strong increases, including during the Covid-19 pandemic, according to federal data. The numbers indicate that job losses continued through at least June, while hiring remains sluggish. By the end of September, nearly 28% of greater Boston's laboratory space sat empty, according to the latest estimates from real-estate firm CBRE. "Every stage of the life cycle has been impacted by policy or regulatory uncertainty this year," said Kendalle Burlin O'Connell, chief executive of MassBio, an industry trade group. The impact has hit startups especially hard, she said.

A continued downturn poses risks for a region where workers will put up with sky-high real-estate costs if they can land high-paying jobs. Massachusetts faces competition from other states and China, which are eager to peel away talent and investment. "There are states and countries chasing us every single day," Gov. Maura Healey said in an interview. In late October, the Democrat testified before the Massachusetts legislature in support of a $400 million "competitiveness agenda" that she is seeking to spur new investment and supplement research funding lost this year. Lawmakers are reviewing the bill, a House spokesman said.