Oracle Completes 30,000 Layoffs, Its Largest Cut Ever
By Monday, the last of the termination notices had gone out, and Oracle’s payroll was 30,000 names lighter. The company met its June 15 deadline for a reduction of about…
Morgan Stanley Says Wall Street Is Missing Meta’s AI Moat
Brian Nowak has covered Meta Platforms since it was still called Facebook. On June 6, the Morgan Stanley analyst went back to his clients with a message he has delivered…
Anthropic Disconnects Its Two Strongest Models After U.S. Export Order
The order arrived at 5:21 p.m. on a Friday, stamped with a national-security authorization, and it left Anthropic with little choice. On June 12, the U.S. government directed the AI…
Musk Predicts $1 Trillion in Annual Revenue for SpaceX; Analysts Disagree
On Sunday night, Elon Musk posted a number to X that made even his admirers pause: $1 trillion. By 2030, he wrote, SpaceX could reach roughly $1 trillion in annual…
Memory-Chip Stocks Rally as Iran Accord Lifts a Sector Already Running Hot
The rally that swept global markets Monday ran first through a cluster of companies that most Americans cannot name. Memory-chip makers surged across the board: Western Digital jumped 13%, SanDisk…
Security Experts Urge White House to Reverse Ban on Anthropic’s Top Models
The message that triggered the whole affair was three words long: “Fix this code.” According to Fortune, that was the extent of the “jailbreak” that led the U.S. government to…
Meta Puts AI Search at the Center of Facebook
For most of its two decades, the search bar at the top of Facebook has been one of the least useful tools on the internet. On Monday, Meta Platforms turned…
Salesforce to Acquire AI Customer-Service Firm Fin for $3.6 Billion
Eoghan McCabe built Intercom into one of the most recognizable names in customer-service software, then spent two years remaking it into an artificial-intelligence company. On Monday, Salesforce said it would…
Amazon CEO’s Washington Meetings Preceded Order to Disable Anthropic Models
The conversations took place in Washington this week, and their consequences reached the artificial-intelligence industry within days. Andy Jassy, Amazon’s chief executive, told senior officials in the Trump administration that…
Musk Points to Tesla’s Next Chip as Robotaxi Questions Mount
The update arrived as a post on X, in the clipped language Mr. Musk uses for engineering status reports. Tesla’s AI6 chip, he said, is moving through engineering review and…
