Meta targets 20 May for 8,000 layoffs as it redirects billions toward AI infrastructure

In short: Meta will begin companywide layoffs on 20 May, cutting approximately 8,000 employees (10% of its 78,865-person workforce), with additional cuts planned for the second half of 2026. The restr [...]

Trump wants to stop states from regulating AI. States and Congress keep saying no.

In short: The Trump administration is waging a multi-front campaign to prevent states from regulating AI, using a DOJ litigation task force, Commerce Department evaluations of “burdensome” state l [...]

Google is in talks with Marvell to build custom AI inference chips as it diversifies beyond Broadcom

Summary: Google is in talks with Marvell Technology to develop two new AI chips – a memory processing unit and an inference-optimised TPU – adding a third design partner alongside Broadcom and Med [...]

Stanford’s AI Index finds China has nearly closed the performance gap with the US despite spending 23 times less

In short: Stanford’s 2026 AI Index Report finds the performance gap between the best American and Chinese AI models has collapsed to 2.7%, down from 17.5-31.6 percentage points in May 2023, despite [...]

A humanoid robot just beat the human half-marathon world record by seven minutes in Beijing

A humanoid robot named Lightning completed the Beijing E-Town Half-Marathon today in 50 minutes and 26 seconds, beating the human world record by nearly seven minutes. The robot, built by Shenzhen Hon [...]

Australia’s NEXTDC launches A$2.2 billion capital plan

The ASX-listed data centre operator is raising A$1.5 billion in a fully underwritten equity offering and expanding its hybrid securities programme by A$700 million, with La Caisse de dépôt et placem [...]

Revolut’s IPO is two years away and it’ll be in the US

The CEO of Europe’s most valuable startup gave his clearest IPO timeline yet in a Bloomberg interview, narrowing his December ‘two to three years’ estimate to ‘two years.’ It came as Revolut [...]

ASIC joins global regulators monitoring Anthropic’s Mythos AI for banking system risks

Australia’s markets regulator has publicly confirmed it is watching the development of Anthropic’s Mythos model alongside peer regulators worldwide, adding to a rapidly expanding international reg [...]

AirTrunk acquires Lumina CloudInfra to enter India with 600MW of planned capacity

The deal is an internal Blackstone consolidation, both AirTrunk (acquired for A$24 billion in 2024) and Lumina CloudInfra (launched by Blackstone in 2022) sit within the same portfolio. By folding Lum [...]