Meta Plans 20% Workforce Reduction as Company Accelerates AI Restructuring
Meta is reportedly planning to cut 20% of its global workforce while reallocating 7,000 employees to artificial intelligence projects as part of a major restructuring effort.
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Meta is reportedly planning to cut 20% of its global workforce while reallocating 7,000 employees to artificial intelligence projects as part of a major restructuring effort.
OpenAI introduced ChatGPT Finance, a new feature allowing users to connect bank accounts and manage personal finances through AI-powered tools available to Pro subscribers.
Nvidia added more than $900 billion in market value in seven days as AI-driven investor demand accelerated.
Cerebras shares dropped 10% after the company completed the biggest U.S. tech IPO since Uber.
Alibaba’s profit dropped 84% as the company increased spending on AI infrastructure and quick-commerce expansion.
Google introduced Googlebook, a new AI-focused laptop category powered by Gemini and Android 17, featuring contextual AI controls and natural-language desktop tools.
Google is reportedly in talks with SpaceX about launching orbital data centers as tech companies explore new ways to expand AI computing infrastructure.
Circle raised $222 million for its Arc blockchain network in a token presale backed by BlackRock and a16z.
Tesla halted Model S and X production at Fremont to expand manufacturing capacity for its Optimus humanoid robots.
Alphabet plans its first yen bond issuance to help finance rising AI infrastructure and cloud computing investments.
Amazon, Coinbase, and Stripe launched a payment infrastructure enabling AI agents to autonomously conduct stablecoin transactions and digital purchases.
Cowboy Space raised $275 million to develop rockets designed for space-based AI data centers, targeting a rapidly emerging market for orbital computing infrastructure.
Anthropic is reportedly preparing a $50 billion fundraising round at a $900 billion valuation, potentially surpassing OpenAI in private market value.
Anthropic gained access to the Colossus 1 AI supercomputer to expand Claude AI model capacity and infrastructure scale.
Elon Musk said xAI will be dissolved and absorbed into a new SpaceXAI division focused on artificial intelligence products. The move comes as Anthropic reportedly leases the Colossus 1 data center.