Meta cuts jobs as AI spending surges
Meta is laying off fewer than 1,000 employees across multiple teams, marking its second round of workforce reductions in 2026 as the company ramps up AI spending.
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459 storiesEpic Games lays off 1,000 employees amid Fortnite downturn
Epic Games is laying off 1,000 employees as it navigates a downturn in Fortnite engagement and rising operational costs, despite identifying over $500 million in savings.
Nvidia CEO Jensen Huang proposes AI tokens as engineering pay
Tech companies may be adopting AI tokens as a fourth pillar of engineering compensation, potentially altering how firms manage headcount and cash salary expectations.
Hachette pulls novel over AI-generated content concerns
Hachette Book Group is canceling the novel *Shy Girl* in the U.S. and U.K. following concerns that the text was likely generated by artificial intelligence.
Venture capital market shows K-shaped split as AI dominates funding
AI startups captured 41% of venture funding on Carta last year, fueling a K-shaped market where capital concentrates in a few firms, driving high early returns.
Rivian delays 2027 profit goal to prioritize autonomy R&D
Rivian no longer expects to meet its 2027 profitability goal due to high autonomy R&D spending, despite securing a potential investment of up to $1.25 billion from Uber.
India's PhonePe shelves IPO as global tensions rattle markets
PhonePe has paused its IPO plans due to market volatility, delaying a listing that could have raised as much as $1.5 billion, but remains committed to going public.
The Giving Pledge sees a sharp decline in new sign-ups
The Giving Pledge is seeing a steady decline in new sign-ups as prominent tech figures express regret and shift toward private philanthropic vehicles.
Honda halts development of key electric vehicle models
Honda is halting development of its electric Acura RDX and Honda 0 models while stopping production of the Prologue, signaling a retreat from the EV market.
Meta reportedly weighs layoffs affecting 20% of staff
Meta is reportedly considering layoffs that could affect 20% or more of its workforce to offset heavy spending on AI infrastructure and related costs.
Atlassian cuts 10% of workforce to prioritize AI investment
Atlassian is cutting 10% of its workforce, or around 1,600 employees, to redirect capital toward AI and enterprise sales as market expectations for software companies rise.
Honda cancels three US electric vehicle models
Honda has canceled three planned electric vehicles for the U.S. market, citing the impact of tariffs and rising competition from Chinese manufacturers on its earnings.
Ford launches AI assistant for commercial fleet customers
Ford launched an AI assistant for its commercial Ford Pro customers, built on Google Cloud, as the automaker pushes to grow its software subscription revenue.
Indian neobank Fi pivots to enterprise AI and deep tech
Indian neobank Fi is discontinuing its consumer banking services to pivot toward building deep technology and AI systems for enterprises, ending its partnership with Federal Bank.
Stryker hit by global cyberattack claimed by pro-Iran group
Pro-Iran hacktivist group Handala claims responsibility for a global cyberattack on medical technology company Stryker, which has caused global network disruptions and system wipes.
Almost 40 startups reach unicorn status in 2026
Almost 40 startups have reached unicorn status in the U.S. so far in 2026, with AI-focused companies leading the pack alongside healthcare and crypto firms.
YouTube ad revenue surpasses major Hollywood studios in 2025
YouTube’s 2025 ad revenue hit $40.4 billion, surpassing the combined ad earnings of Disney, NBC, Paramount, and Warner Bros. Discovery.
Slate Auto names former Amazon exec Peter Faricy as new CEO
Slate Auto has appointed former Amazon executive Peter Faricy as CEO, as the startup prepares to convert about 160,000 refundable preorders into vehicle orders.
Flipkart moves headquarters back to India ahead of potential IPO
Flipkart has moved its headquarters back to India from Singapore, a strategic shift as the e-commerce giant prepares for a potential IPO by March 2027.
Alphabet structures three-year compensation deal for Sundar Pichai
Alphabet has structured a three-year compensation deal for CEO Sundar Pichai that could be worth $692 million, largely tied to performance incentives at Waymo and Wing.