LayoffsMar 25 · 1d agoBloomberg
Meta Platforms Inc. is cutting several hundred jobs as part of a restructuring effort that’s impacting several teams at the company, including sales, recruiting and the Reality La...
Why it matters: Meta is reportedly cutting several hundred jobs across multiple teams, including sales, recruiting, and Reality Labs, while simultaneously investing...
LayoffsMar 18 · Mar 18CNBC Tech
Meta is scaling back its metaverse focus, cutting studios and headcount at Reality Labs to prioritize artificial intelligence.
Why it matters: Meta is reportedly scaling back its metaverse focus, including shutting down Horizon Worlds, to prioritize artificial intelligence.
LayoffsMar 24 · 2d agoBloomberg
The use of artificial intelligence at Norway’s $2.1 trillion wealth fund is improving investment decisions and saving “billions of kroner” in trading costs, but those gains will n...
Why it matters: The CEO of Norway's sovereign wealth fund signaled that AI-driven cost savings in trading and investment decisions will not result in job cuts.
LayoffsMar 16 · Mar 16Bloomberg
The US labor board alleges the company’s firing of a software engineer over criticisms of the CEO was illegal
Why it matters: Atlassian is facing scrutiny over the firing of a software engineer who criticized the CEO, raising questions about employee speech and company polic...
LayoffsMar 24 · 2d agoBloomberg
OpenAI plans to invest $1 billion in various AI-related causes this year through its nonprofit arm, dramatically increasing its philanthropic efforts months after restructuring as...
Why it matters: OpenAI's nonprofit arm plans to spend $1 billion in 2026 on AI-related causes.
LayoffsMar 16 · Mar 16CNBC Tech
Meta is planning capital expenditure of up to $135 billion in AI-related costs in 2026, which raised investors' fears around unsustainable spending.
Why it matters: Meta's stock is up nearly 3% in premarket trading amid plans for mass layoffs intended to offset increased AI spending.
LayoffsMar 19 · Mar 19CNBC Tech
CEO Kris Marszalek said the layoffs were in "roles that do not adapt in our new world" as the company integrates enterprise-wide AI.
Why it matters: Crypto.com has announced a layoff of 12% of its workforce, citing the integration of AI as a factor.
LayoffsMar 19 · Mar 19Bloomberg
Gemini Space Station Inc.’s workforce reduction has reached roughly 30% since the start of the year following layoffs, with the crypto exchange saying Thursday it is deploying art...
Why it matters: Gemini Exchange reportedly reduced its workforce by approximately 30% since the beginning of the year, according to the Winklevosses.
LayoffsMar 19 · Mar 19Bloomberg
Echostar Corp. has reached a restructuring agreement with a majority of creditors in its Dish DBS unit, which would potentially pave the way to revive an M&A deal with DirecTV.
Why it matters: Echostar is restructuring, potentially to revive a DirecTV deal.
IndustryMar 24 · 2d agoCNBC Tech
Anthropic and its rivals are trying to ramp up capabilities of AI agents after OpenClaw went viral earlier this year.
Why it matters: Anthropic is signaling a push towards AI agents with Claude's new ability to use computers to complete tasks.
AI NewsMar 12 · Mar 12Bloomberg
Cambricon Technologies Corp. reported its first-ever annual profit after Beijing encouraged China’s leading artificial intelligence developers to adopt locally made chips given re...
Why it matters: Cambricon Technologies Corp. has reported its first annual profit amid a push for Chinese AI developers to use locally made chips, potentially signal...
AI NewsMar 16 · Mar 16Bloomberg
Elon Musk’s artificial intelligence startup xAI is looking to hire bankers and private credit lenders to make its Grok chatbot better at finance strategy, joining rival AI firms i...
Why it matters: xAI is reportedly hiring finance professionals to train its Grok chatbot in financial strategy.
AI NewsMar 25 · 1d agoTechCrunch
Meta CEO Mark Zuckerberg said in a memo to staff that small businesses have always been a big part of the company's business model, and that while tens of millions of entrepreneur...
Why it matters: Meta is launching a new initiative focused on supporting entrepreneurship and driving AI adoption.