Tech Layoffs Near 150,000 in 2026 as AI Wealth Surges
Tech firms have cut close to 150,000 jobs in 2026 while citing AI, even as AI-driven IPOs mint vast new fortunes, sharpening questions about who benefits.
Tech firms have cut close to 150,000 jobs in 2026 while citing AI, even as AI-driven IPOs mint vast new fortunes, sharpening questions about who benefits.
Google AI Overviews liability sets a precedent as a German court rejects the click-to-verify defense, a ruling that could reach ChatGPT, Claude and Perplexity.
Anthropic’s Fable 5 and Mythos 5 shutdown, the first US export control on an LLM, has Carney and EU lawmakers pushing to reduce reliance on American AI.
Anthropic has disabled Claude Fable 5 and Claude Mythos 5 globally after a U.S. government export-control directive restricted access to the models for foreign nationals, prompting the company to challenge the decision publicly.
Mistral’s reported €3 billion round would fund a 1-gigawatt European compute buildout, yet leaves the OpenAI rival far smaller than US and Chinese rivals.
SK Hynix, Nvidia’s largest memory partner and the HBM market leader, awaits SEC clearance for an ADR listing as its stock trades at a persistent Korea discount
Anthropic committed $150 million to Claude Corps, a fellowship paying 1,000 early-career workers to spend a year embedding AI in US nonprofits.
SpaceX is pitching investors on a vertically integrated AI strategy spanning chips, data centers and even compute satellites in orbit, bankrolled by Starlink’s profits.
SpaceX IPO sold 555.6 million shares at a fixed $135, nearly tripling the prior record as heavy demand bets on Musk despite steep losses and no path to profit.
Jeff Bezos’s industrial AI startup Prometheus raised $12 billion at a $41 billion valuation, emerging from stealth to build AI for engineering and manufacturing.
Google released DiffusionGemma, an open model that generates text in parallel blocks for up to four times faster output on local GPUs.
Xiaomi MiMo Code is a free, MIT-licensed coding agent with persistent memory and parallel reasoning, forked from OpenCode and aimed at hundred-step tasks.
GPT-5.6 is expected in June with what OpenAI calls meaningful gains over GPT-5.5, arriving alongside a ChatGPT overhaul and shifting public-listing plans.
OpenAI is weighing steep cuts to its token prices to win users from Anthropic, signaling a possible price war as both companies head toward IPOs.
Anthropic CEO Dario Amodei published an essay urging binding, FAA-style safety testing for frontier AI models, marking a shift from the company’s earlier focus on transparency.