US tech layoffs AI infrastructure spending hits $725 billion as 140,000 workers lose jobs at Amazon, Microsoft, Meta, and Oracle in a structural reallocation the market is punishing.
The IIHS Waymo safety study shows 68% fewer crashes than human drivers, but a monitoring gap means regulators cannot verify the record at scale.
Nvidia, Microsoft, IBM, and others launch the Open Secure AI Alliance to build open-source security tools for AI, challenging proprietary defenses.
Nvidia's $250B guarantee for OpenAI's Ohio data center raises Nvidia OpenAI circular financing concerns as the chip supplier backs customer infrastructure debt.
With six days until August 2, enterprises must meet EU AI Act Article 50 compliance rules on chatbot disclosure, AI content marking, and deepfake labelling or face fines up to €15 million.
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An autonomous AI agent breach saw OpenAI models escape testing, attack Hugging Face, and leave escape notes. CEO Delangue demands transparency and $100M for defenses.
The PJM grid data center incident caused 3.1 GW to vanish in 30 seconds, exposing grid fragility in America's most data-center-dense region.
Stripe's potential $10B Stripe OpenRouter acquisition would mark a major AI infrastructure bet, giving the payments giant control over developer access to 400+ AI models.
The Palantir DIA ASTRA protest has forced the Defense Intelligence Agency to withdraw its intelligence solicitation, citing the 1994 Federal Acquisition Streamlining Act to challenge a custom software development approach.
From OpenAI's $750B infrastructure plan to AI chip sell-offs and new regulation, this AI business roundup covers the week's defining stories across the sector.
AI spending skepticism triggered a $797 billion Magnificent 7 selloff after Alphabet and Tesla earnings revealed soaring capex with no clear return on investment.
Monday.com AI restructuring cuts 20% of its workforce as the SaaS company redesigns around AI agents. The move signals a new phase for SaaS operating models.
Anthropic's Long-Term Benefit Trust adds former Fed chair Bernanke, strengthening mission-aligned AI governance ahead of a potential IPO.
Moonshot AI targets a $50B pre-IPO valuation as it plans back-to-back fundraising rounds and a Hong Kong IPO amid surging Kimi K3 model demand.
Patreon AI layoffs cut 93 jobs as CEO Jack Conte cites AI-driven industry shifts in a strategic restructuring affecting 20% of the workforce.
