Major US companies including Amazon and HP blame artificial intelligence for over 54,000 layoffs in 2025, but economists expose this as 'AI washing' - a deceptive tactic to hide the real culprits of tariffs, pandemic overhiring, and profit maximization behind tech-savvy excuses.
Software stocks crash as Anthropic unveils Claude Cowork, a powerful AI assistant that automates file management and document drafting across multiple industries, sending Thomson Reuters down 15.83% and Legalzoom plummeting 19.68% amid fears that AI automation will devastate traditional software subscription models.
Amazon stock crashes 8% as the tech giant announces a staggering $200 billion AI spending plan for 2026, far exceeding analyst expectations of $146.6 billion, despite beating revenue forecasts and AWS posting its fastest growth in over three years at 24%.
Mistral AI unveils Voxtral Transcribe 2, a breakthrough speech-to-text system delivering lightning-fast 480ms latency across 13 languages with on-device privacy capabilities, outperforming OpenAI and Gemini while offering open-source accessibility for enterprise applications in healthcare, finance, and customer service.
Google's Gemini AI chatbot surges to 750 million monthly users while launching its most advanced Gemini 3 model and a cheaper $7.99 subscription plan, helping propel parent company Alphabet past the historic $400 billion annual revenue milestone for the first time.
OpenAI triggers senior staff exodus including VP of Research Jerry Tworek as the company slashes funding for Sora and DALL-E projects to prioritize ChatGPT, while burning through $17 billion annually despite $20 billion revenue and planning ads on free tiers.
Elon Musk merges SpaceX with xAI in a massive $1.5 trillion power play, as his AI startup hemorrhages billions and desperately needs capital to compete with OpenAI and Anthropic, with a SpaceX IPO and a Trump-friendly regulatory environment clearing the path forward.
Elon Musk confirms SpaceX merges with xAI to create a massive $1.25 trillion company combining artificial intelligence, rockets, and space-based computing, while Tesla stock plunges 3.8% amid analyst predictions that the electric vehicle maker could join the mega-merger within 12-18 months.
Nvidia CEO Jensen Huang confirms the chipmaker will make its largest investment ever in OpenAI despite reports claiming their $100 billion deal had stalled, as the AI company seeks funding at an $830 billion valuation.
OpenClaw AI agent enables autonomous crypto trading and task execution on local hardware while creator battles trademark disputes and scammers who exploited rebranding chaos to launch a fake $16 million token that crashed to near-zero.