default

"Otherwise, a vacuum is left", Wain said, adding this is filled by people "whose default is to think the worst of the best intentions".

That makes bond investors especially attuned to the risk that outsize AI investments won’t live up to their hype; even a ratings downgrade can hurt returns, let alone a default.

Marriott said it pulled the plug on the partnership because Sonder defaulted on the terms, and that it had reached out to affected customers to “assist with refunds and alternative accommodations.”

Our mental model often defaults to an industrial image—John Henry versus the steam drill—where jobs are one dominant task, and automation maps one‑to‑one: Automate the task, eliminate the job.

As of Friday afternoon, Oracle’s credit default swap levels were at 115, while both Microsoft and Amazon were at 35.