US tech giants have cut 128,000 jobs in the first half of 2026, with nearly half tied to AI restructuring, but experts are warning companies like Microsoft, Oracle, and Meta that replacing workers with AI carries serious risks, as firms like Ford are already rehiring laid-off engineers after discovering AI …
AMD launches Helios, its first rack-scale AI system, securing Microsoft, Meta, OpenAI, and Oracle as customers in a bold challenge to Nvidia's 95% data center GPU market dominance, with analysts predicting AMD could capture up to 25% market share.
Alibaba shares surge 5.4% after launching its flagship Qwen3.8 Max AI model, boasting 2.4 trillion parameters and claiming second place only to Anthropic's best, intensifying fears that China is rapidly closing the AI gap with global leaders.
Apple sends legal preservation letters to 40 former employees now at OpenAI, escalating its trade secret lawsuit that accuses the AI company of orchestrating a coordinated theft of confidential hardware and product development secrets, with key former Apple executives now holding senior roles at OpenAI, which denies all allegations.
AWS suffers a massive global billing glitch, sending customers erroneous charges as high as $1.5 trillion, with one UK charity worker nearly collapsing after seeing a $7.8 billion charge for a service that normally costs under one pound — prompting AWS to shut down its bill estimation system and issue …
Alphabet shares tumble 4% as its flagship Gemini 3.5 Pro AI model faces months-long delays due to coding performance struggles, leaving Google scrambling to keep pace with rivals OpenAI and Meta who are already debuting powerful new AI coding models.
Anthropic engineers are using Claude Code and AI agents to complete massive code migrations in days, including a million-line Zig-to-Rust port finished in under two weeks, slashing what once took years and millions of dollars down to weekend-length projects costing as little as $165,000 in API tokens.
Anthropic is racing toward a potential October IPO backed by Goldman Sachs, Morgan Stanley, and JPMorgan, which could see the Claude AI maker beat rival OpenAI to public markets at a staggering $61.5 billion valuation driven by surging enterprise demand for its AI models.
OpenAI is racing to unveil a ChatGPT-powered smart speaker designed by Jony Ive's studio LoveFrom, featuring a camera, sensors, and AI companion capabilities — but a looming Apple trade secret lawsuit threatens to derail the entire hardware roadmap before it even launches.
OpenAI employees donate $215K to Guardrails Alliance, a super PAC demanding stricter AI regulations, directly clashing with company president Greg Brockman's $50 million commitment to a pro-AI industry super PAC, exposing a sharp internal divide over how AI policy should be shaped.