Jun 16, 2026
SpaceX IPO Makes Musk First Trillionaire as AI Megadeals Reshape the Company
SpaceX pulled off the largest IPO in history at $85.7 billion, vaulting Elon Musk to a $1.3 trillion net worth and making him the world's first trillionaire. But the real story is what the company is becoming: newly revealed AI infrastructure deals with Google and Anthropic, worth over $2 billion per month, position SpaceX as a major hyperscale AI data center provider -- not just a rocket company.
Jun 14, 2026
Bay Area Tech Layoffs Hit 9,284 in 2026, Already Topping H1 2025
Bay Area tech companies have cut 9,284 jobs so far in 2026, already surpassing the roughly 4,700 cuts from the first half of 2025. The latest wave includes 370 positions across ServiceNow, Salesforce, Ubisoft, Quizlet, and Verily Health.
Jun 13, 2026
SpaceX Colossus AI Compute Goes to Anthropic After Internal Struggles
SpaceX rented out its massive Colossus 1 data center to Anthropic after its own Grok AI teams couldn't overcome latency issues connecting the Memphis facility to two other sites. The deal gives Anthropic 220,000 Nvidia GPUs and 300+ megawatts of capacity to handle surging demand for Claude.
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Jun 14, 2026
Meta Engineers Call AI Unit a ‘Gulag’ as Zuckerberg Admits Mistakes
Meta funneled 6,500 engineers into a new Applied AI unit three months ago. Now workers call it 'the gulag,' a livestream was hijacked by a furious employee, and Mark Zuckerberg is in damage-control mode, admitting the company made mistakes and ruling out more layoffs for 2026.
Jun 11, 2026
Microsoft Xbox Plans Major Layoffs as New CEO Orders 'Reset'
Microsoft's Xbox division is planning significant job cuts next month under new CEO Asha Sharma, who warned the business needs a sweeping reset after spending $20 billion over five years while annual revenue fell by nearly half a billion.
Jun 9, 2026
AI Drives 40% of US Job Cuts in May as 97,000 Positions Eliminated
AI was cited as the primary reason for 40% of all US job cuts in May 2026, according to the Challenger Report, with 97,006 positions eliminated overall. A separate Mercer survey found 99% of CEOs expect AI-driven layoffs within two years, as the technology sector alone shed 38,242 jobs — the highest monthly total since August 2024.