AI

Oracle, Meta and Block Cut Jobs as AI Spending Reshapes Tech

Oracle, Meta and Block Cut Jobs as AI Spending Reshapes Tech

Key Takeaways: The technology industry’s 2026 workforce reset is no longer just another correction after pandemic-era overhiring. Oracle, Meta, Block, Amazon, Dell Technologies and other major employers are cutting positions while committing substantial capital to AI infrastructure, automation and new technical ro

AMD Agrees to Acquire Taalas for Model-Specific AI Inference

AMD Agrees to Acquire Taalas for Model-Specific AI Inference

Key Takeaways: AMD has agreed to acquire Toronto-based Taalas, placing a sizable bet on chips that hard-wire AI model weights directly into silicon. The transaction’s financial terms were not disclosed, and closing is expected in the fourth quarter, subject to regulatory approval. The acquisition gives AMD another

AlixPartners Buys Artium to Expand Enterprise Agentic AI Work

AlixPartners Buys Artium to Expand Enterprise Agentic AI Work

Key Takeaways: AlixPartners has acquired agentic AI software consultancy Artium, combining the specialist’s engineering capabilities with AlixPartners’ 45 years of industry and functional experience. Financial terms of the transaction were not disclosed. The deal, announced August 4, 2026, gives AlixPartners a tea

Palantir Technologies Leads Wall Street Rally to Record Highs

Palantir Technologies Leads Wall Street Rally to Record Highs

Key Takeaways: Corporate earnings and easing energy prices pushed the major US stock indexes to new records Tuesday, with artificial intelligence businesses delivering some of the session’s strongest gains. The S&P 500 climbed 1.8%, or 136.02 points, to finish at 7,736.52. The Dow Jones industrial average advanced

Palantir’s Alex Karp Renews Warning About AI Frontier Labs

Palantir’s Alex Karp Renews Warning About AI Frontier Labs

Key Takeaways: Palantir CEO Alex Karp renewed his warning about AI frontier labs on Monday, using the company’s financial momentum to reinforce his argument about where artificial intelligence creates business value. His comments followed a quarter that delivered $1 billion in profit for Palantir, giving the criti

Zenity Raises $125 Million to Expand AI Agent Security

Zenity Raises $125 Million to Expand AI Agent Security

Key Takeaways: Zenity has raised $125 million in a Series C round as enterprises confront a new security problem: AI systems that do more than generate text. Increasingly, autonomous agents can access data, invoke tools, update records and execute multistep business processes. Norwest Venture Partners led the roun