The global AI spending spree continues with Chinese companies like Alibaba doubling down on infrastructure investments, while American retailers like GAP and Macy's are betting on AI to boost sales through better consumer targeting. All this while Google's new Mixboard feature threatens Pinterest's core business. We're covering all that and more in this week's AI update. Plus: Starbucks is restructuring and Parento changes parental leave for small companies.

Join our hosts Jon Weigell and Maria Gharib as they take you through our most interesting stories of the day.