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Oracle is predicted to lay off 20,000 to 30,000 employees to improve its P&L, as it is the most financially strained of the major AI infrastructure players.
The tech industry is broadly moving to stop hiring junior-level employees to avoid training costs and instead use that budget for AI tools and data centers.
Go-to-market agent startup Monaco, founded by Sam Blond, achieved seven figures in revenue within its first five days of launch and has a 60-day customer waitlist.
Legora raised a $500 million funding round at a $5.5 billion valuation, led by Accel.
Founders Fund is in the process of closing $6 billion in new funds after investing its previous $3.3 billion fund in just 11 months.
Anthropic has sued the US federal government in both California and Washington D.C., arguing that the government's designation of the company as a supply chain risk is incorrect and legally invalid.
The US government's designation of Anthropic as a "supply chain risk" prevents other government contractors from using Anthropic's technology in their work for the Department of Defense.
A proposed, but ultimately rejected, government action would have barred Microsoft and Amazon from all US government contracts if they used Anthropic's services in any capacity.
The US government allegedly used Palantir's technology, without Anthropic's knowledge, to support military action in Venezuela aimed at deposing the government.
Oracle and OpenAI have canceled plans to expand their flagship "Stargate" data center in Texas to 2 gigawatts, capping the project at 1.2 gigawatts.
Meta is acquiring the surplus AI data center capacity that became available after Oracle and OpenAI scaled back their expansion plans.
Meta's AI strategy is based on the belief that future consumer AI will be persistent and run 24/7, requiring orders of magnitude more compute than is used today.