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Wix is cutting 20% of its workforce as a strong shekel and AI competition squeeze the website builder from both sides

Wix is laying off approximately 1,000 employees, roughly 20% of its workforce, in the largest round of cuts in the company’s history. CEO and co-founder Avishai Abrahami announced the decision on 28 May in a message posted publicly on X and sent simultaneously to all staff. He framed the restructuring as a company-wide change driven by two […]

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Meta sells AI subscriptions while OpenAI and xAI walk into the ad business

Meta’s $7.99-and-$19.99 chatbot tiers and OpenAI’s push into advertising mark the moment the AI revenue-model question becomes a cross-cutting collision. Meta’s decision to begin selling consumer subscriptions to its Meta AI chatbot at $7.99 and $19.99 a month, announced on Tuesday, lands at exactly the moment OpenAI and xAI are visibly moving the other way: into […]

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Mistral’s Arthur Mensch directly rebuts Pope Leo on AI in warfare

Three days after the Vatican called for AI to be ‘disarmed’, the Mistral CEO defended his company’s defence-AI work, arguing Europe cannot afford unilateral restraint. Arthur Mensch, the chief executive of French AI startup Mistral, pushed back directly on Thursday against Pope Leo XIV’s call to “disarm AI,” arguing that European companies cannot afford to […]

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Mistral launches Industrial Engineering AI with Airbus, BMW and EDF as headline customers

At its first annual conference in Paris, Mistral formally rolled out the physics-aware AI stack it built around the Emmi acquisition, with Airbus, BMW and EDF as launch customers. Mistral AI used its first annual conference in Paris on Thursday to formally launch “Mistral for Industrial Engineering,” a physics-aware AI stack pitched directly at heavy-industry […]

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JD.com’s founder vows to protect 900,000 jobs from AI. His warehouse strategy says otherwise.

Liu Qiangdong’s pledge to safeguard JD.com’s workforce from automation sits uncomfortably with his own ‘unmanned era’ vision and a flagship warehouse already running on four employees. Liu Qiangdong, the founder of Chinese e-commerce giant JD.com, vowed in an internal speech this week to protect the company’s 900,000-strong workforce from AI and robotics, according to a […]

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JD.com’s founder vows to protect 900,000 jobs from AI. His warehouse strategy says otherwise. Read More »

Musk walks back the Anthropic Colossus deal to a six-month lease

SpaceX did not commit to a multi-year lease of its Memphis Colossus 1 cluster to Anthropic, Elon Musk said on Wednesday, describing the agreement as 180 days with a 90-day mutual cancellation right. Elon Musk has clarified that SpaceX did not commit to a multi-year lease of its Colossus 1 data centre to Anthropic, contradicting […]

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A Google engineer used internal search data to bet $2.7m on Polymarket. The DOJ has charged him.

Michele Spagnuolo allegedly traded under the handle ‘AlphaRaccoon’, netting $1.2m on Google’s Year-in-Search outcomes. It is the second federal criminal case tied to Polymarket. Federal prosecutors in the Southern District of New York have charged Michele Spagnuolo, a 36-year-old Google information-security engineer based in Switzerland, with using internal Google search-trend data to bet $2.7m on […]

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A Google engineer used internal search data to bet $2.7m on Polymarket. The DOJ has charged him. Read More »

Pentagon gives Dell a $9.7bn contract to consolidate Microsoft licences across the military

The five-year deal consolidates scattered Microsoft 365 and cloud subscriptions for the Defense Department, intelligence community and Coast Guard. Dell, not Microsoft, is the prime contractor. The US Department of Defense has awarded Dell a five-year, roughly $9.7bn contract to consolidate Microsoft software licensing across the entire US military, the intelligence community and the Coast […]

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Spotify and Netflix are paying Jay Shetty up to $100 million to take his podcast off YouTube

Jay Shetty, the former Hindu monk turned self-help podcaster, has signed a deal to bring the video version of his show On Purpose exclusively to Spotify and Netflix. The arrangement is worth as much as $100 million over multiple years, according to people familiar with the deal cited by Bloomberg. That figure puts Shetty in […]

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Meta is charging for its AI chatbot for the first time, starting at $7.99 a month

Meta is selling subscriptions to its AI chatbot for the first time, introducing two paid tiers that put it in direct competition with OpenAI and Google for consumer AI revenue. Meta One Plus costs $7.99 per month and Meta One Premium costs $19.99 per month. Both tiers give users expanded access to image generation, video […]

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