People, including on this staff, keep asking me with varying degrees of excitement or trepidation when the AI bubble will burst. I'll tell you what I tell them: If I knew that, I would make a life-changing bet on the market, levered up as far as I could, and then, after I made my money, go retire on a beach somewhere. Maybe run a cat sanctuary, who knows.

What I can tell you is that I read with interest a story in Bloomberg this morning: "Wall Street CEOs, Big Money Managers Divided Over AI Risks." The story itself is a roundup of stuff said at the 2026 Global Financial Leaders' Investment Summit in Hong Kong. Here's what caught my attentio …

Read the full story at The Verge.

This election will determine control of Congress. Rep. Pete Aguilar, who represents California's 33rd Congressional District, shares how Democratic Party leaders are feeling as results come in.

Canva is making significant changes affecting 1,271 people, which is 22 percent of its staff, co-founder and CEO Melanie Perkins announced today. "For some people, this will mean changes to their roles or being asked to relocate to centralised hubs," says Perkins. "Sadly, it will also mean saying goodbye to teammates and friends who have helped build Canva into what it is today."

In her note to staff, Perkins says that:

After exploring a wide range of alternatives, I've come to the difficult conclusion that small changes won't be enough. To set ourselves up for the next decade, we need to refound Canva, getting back to our roots of small, …

Read the full story at The Verge.

Several states — including Alaska, Arizona, California and Nevada — are voting on changes to how their elections are run, including voter ID measures. Other states decide on redistricting proposals.

(Image credit: Ty ONeil)