
Block Cuts 40 Percent of Staff as Jack Dorsey Cites AI Automation
Block is cutting more than 4,000 employees (about 40% of staff) as CEO Jack Dorsey says AI tools now enable smaller, more efficient teams.

Block is cutting more than 4,000 employees (about 40% of staff) as CEO Jack Dorsey says AI tools now enable smaller, more efficient teams.

Wayve secured 1.2B dollars in Series D funding at an 8.6B valuation, with Uber able to invest up to 300M more, targeting London public robotaxi trials in 2026.

Meta and AMD formalize a 60 billion dollar AI chip partnership tied to a 6 gigawatt GPU rollout and expanded multivendor compute strategy.

OpenAI launches OpenAI for India and partners with Tata Group to deploy 100MW of AI-ready data center capacity, with plans to scale to 1GW and expand enterprise and youth AI programs.

Humain invests $3 billion in xAI Series E before SpaceX acquisition, converting the stake into SpaceX shares in the $1.25T merged company.

World Labs raised $1 billion, including $200 million from Autodesk, to scale AI world models that generate and reason about 3D environments.

OpenAI hires OpenClaw creator Peter Steinberger. OpenClaw will move to a foundation-backed open-source structure as companies debate security risks.

Infosys and Anthropic announced a telecom-first AI partnership on February 17, 2026, as AI services contributed 5.5% of quarterly revenue.

Meta – Nvidia deal scales to millions of Nvidia GPUs and adds standalone Grace CPUs, plus confidential computing designed for WhatsApp AI processing.