Future

Steve LeVine 4 hours ago
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Study: Early AI adopters may gain "insurmountable advantage"

Illustration: Rebecca Zisser/Axios 

A pecking order is evolving in the newest stage of the digital era: aggressive early adopters of artificial intelligence are reporting elevated earnings and may be forming "an insurmountable advantage" over rivals, according to the McKinsey Global Institute.

Why it matters: Companies failing to quickly embrace AI to improve growth risk falling further and further behind, paring their ability to attract top talent and leading to more concentration of market power within a few "superstar" firms.

Kia Kokalitcheva 17 hours ago
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Uber is burning smaller bags of money

Illustration: Lazaro Gamio / Axios

Uber continued to shrink its losses in the first quarter of 2018, according to financial documents the company shared with Axios. It also is launching a stock tender offer for early employees and investors, at an implied valuation of $62 billion.

Why it matters: Uber wants to go public in 2019, so getting at least close to profitability is of paramount importance.

Steve LeVine 18 hours ago
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American bans support goats but not horses on planes

You can also take one on a plane. Photo: Tom Nebbia/Corbis/Getty

American Airlines' latest dictum does not mention lions, tigers or bears. But you get the picture in new rules governing which creatures may accompany nervous American passengers as emotional support or psychiatric animals.