Artificial Intelligence

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Microsoft offers buyouts to 60,000 employees, about a quarter of its staff

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Amy Coleman, Microsoft’s chief people officer, announced the Voluntary Exit Offer in a memo to employees on Monday. It is open to eligible staff in participating teams in Canada, India, the UK and the US, at level 70 and below on Microsoft’s internal scale. The offer is voluntary and time-limited, and comes with financial support […]

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Freedom Holding is developing a $2bn sovereign AI hub in Kazakhstan

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Freedom Holding Corp. is developing the $2bn hub under an agreement signed in November 2025 with Kazakhstan’s Ministry of Artificial Intelligence and Digital Development, the Nasdaq-listed group said in a statement on Monday. The site is planned with 100MW of available power. Freedom is the main financing and delivery partner and will run the hub. […]

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Bedrock Robotics raises $600M as its self-driving excavators win paid work

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Bedrock Robotics has closed a $600M Series C co-led by CapitalG and Emergence Capital. The round values the San Francisco startup at $4.1bn after the money, it said in a statement on Monday. It brings the company’s total funding to nearly $1bn. Bloomberg first reported the round. In February, Bedrock was valued at $1.75bn when […]

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Apple’s new iPad mini gets OLED, an A20 Pro chip and water resistance

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Apple unveiled the eighth-generation iPad mini on Monday, two days before its Pro and Tell event in Los Angeles. The tablet keeps the footprint of the 2024 model but stretches the screen to 8.5 inches, from 8.3, by cutting the bezels by 24%. It is 5.4mm thin and carries an IP67 rating for water and […]

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Anthropic files for Nasdaq IPO as half-year revenue hits $16.3bn

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Anthropic made its prospectus public on Monday. It filed a registration statement on Form S-1 with the US Securities and Exchange Commission. The company plans to list its Class A shares under the ticker ANT. The filing leaves the price range and the number of shares blank. Goldman Sachs and Morgan Stanley lead a group […]

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OpenAI’s discounts win Anthropic customers, The Information reports

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Replit moved most of its AI spending from Anthropic to OpenAI in recent months after OpenAI offered a discount of more than 30%, The Information reported on Saturday. The contract is worth over $100M a year, a person familiar with the deal told The Information, in a story by Laura Bratton and Stephanie Palazzolo. Replit […]

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Apollo’s Slok says US companies now treat AI spending as a cost, not growth

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Artificial intelligence has delivered “zero financial payoff” to corporate America outside the tech sector. That is the finding of Torsten Slok, chief economist at Apollo Global Management, in a note on Saturday. Slok compared the Magnificent Seven, the biggest US tech companies, with the other 493 companies in the S&P 500. Revenue per worker and […]

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American Express cuts 5% of staff and won’t let AI agents ‘run rogue’

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American Express is cutting about 5% of its global workforce and taking a $336M restructuring charge. Chief executive Stephen Squeri told analysts about the cuts on Friday, CNBC’s Hugh Son reported. The company had almost 77,000 employees at the end of 2025, according to CNBC. Chief financial officer Christophe Le Caillec told CNBC the restructuring […]

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Goldman Sachs puts $500M into small-business AI with four AI labs

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Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, including a new AI institute built with Anthropic, Google, Meta and OpenAI. At the launch, its chief executive said there is very little that needs the frontier models those partners build. David Solomon spoke at the bank’s New York headquarters […]

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