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CNBC's Jim Cramer Says He Needs 'Cold Hard' Proof AI Is Paying Off

1 month 1 week ago
In a sign of our times, CNBC's Jim Cramer "said Wednesday that it's time for companies to prove artificial intelligence is paying off," reports CNBC: "I need cold hard return facts," the "Mad Money" host said. "Or, I, too, will grow more skeptical than I am now...." While Cramer said he remains optimistic about the long-term opportunity, he argued the market needs more evidence that those investments are translating into measurable financial returns for customers. Cramer said one of his biggest concerns this earnings season is that companies adopting AI have largely failed to point to meaningful revenue gains or cost savings from the technology. "We're still early in the earnings season but already we are not hearing anything material about the use of AI," he said... While AI infrastructure companies continue to benefit from the spending boom, Cramer said the same cannot yet be said for many of the businesses buying the technology... Cramer said only a handful of companies, most notably fintech firm Block and web-security provider Cloudflare, have clearly attributed recent layoffs to AI adoption. Block did so in February, while Cloudflare's job cuts were disclosed in May. Plus, critics argue some companies may also cite AI as a buzzy excuse for cuts, leading to the creation of the term "AI washing." Ultimately, Cramer said that if more businesses do not begin reporting tangible returns, the AI skeptics will grow louder, with ramifications for the tech industry's big spenders.

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EditorDavid

Long After Pluto Fly-By, NASA's New Horizon's Probe Wakes Up Again, Starts Doing New Science

1 month 1 week ago
Launched in 2006, NASA's New Horizons probe flew by the planet Pluto in 2015. But this week it "awakened from its longest sleep ever," reports CNN. It's now 5.9 billion miles (9.5 billion kilometers) from Earth... NASA's New Horizons spacecraft went into a planned hibernation mode on August 7, 2025, and woke up on June 23 using commands stored on its main computer. The mission's flight controllers at the Johns Hopkins University's Applied Physics Laboratory in Laurel, Maryland, confirmed that New Horizons is in great shape and ready to transmit a stream of science data gathered during hibernation from its location in the region of icy objects known as the Kuiper Belt. Pluto is the largest of thousands of frozen, rocky bodies called trans-Neptunian objects, or TNOs, that exist in the Kuiper Belt at the edge of our solar system — remnants from its formation 4.5 billion years ago... The spacecraft is capturing data about the rotation rates, orientations and shapes... The measurements provide insights into how planets are born from dust and pebbles, said Pontus Brandt, New Horizons project scientist at the Johns Hopkins Applied Physics Laboratory. "There seems to be more paired, snowman-shaped bodies, like Arrokoth, out there than anyone expected," Brandt wrote in an email. "Are such binaries the most common planetesimal and is this how larger planets have been built in our own and other stellar systems? These are very deep questions that New Horizons can help answer." The spacecraft also measures the distribution of gas in the outer heliosphere, the expansive, protective bubble formed by a steady stream of particles that release from the sun called the solar wind. Meanwhile, an instrument called the Pluto Energetic Particle Spectrometer Science Investigation is measuring galactic cosmic rays, extremely fast particles created when stars explode. The particles pose one of the more severe threats for human activities in space, Brandt said, but the boundary of the heliosphere acts as a shield to protect our solar system from 70% of them. New Horizons' data could help scientists learn more about how this puzzling shielding works, he said. Another instrument, the Venetia Burney Student Dust Counter, has collected data that has thrown New Horizon's team a curveball, Brandt said. The team expected dust abundance to be high within the Kuiper Belt due to the significant presence of small objects. But New Horizons has traveled beyond the known boundary of the Kuiper Belt — and it's still in a dusty environment.

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EditorDavid