AI News

Daily curated updates on AI tools, models, and the companies building them.

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.

Anthropic Proposes Mandatory AI Testing and $200M Economic Fund

Jun 11

OpenAI and Visa Partner to Let AI Agents Make Purchases

Jun 11

Google Backstops $35 Billion Chip Deal to Keep Anthropic Running on Its TPUs

Jun 10

Microsoft AI Chief Warns Anthropic's Claude Consciousness Talk Is 'Really Dangerous'

Jun 10

OpenAI Confidentially Files for IPO, Targeting $1 Trillion Valuation

Jun 10

Perplexity CEO Sets 2028 IPO Target, Betting AI Search Can Wait While Rivals Rush In

Jun 10

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Lilium Flying Taxi Dreams Crash: Startup Goes Bankrupt, Laying Off 1,000 Employees

In a shocking turn of events, German flying taxi startup Lilium has announced its shutdown, laying off 1,000 employees after failing to secure necessary funds. The ambitious startup, known for its innovative VTOL aircraft, struggled to bring its vision to life. Despite raising $1 billion and going public via a SPAC merger in 2021, financial hardships proved insurmountable. The industry's broader challenges, including complex regulatory frameworks, have come to light with Lilium's downfall.

Dec 26

Lilium Flying Taxi Dreams Crash: Startup Goes Bankrupt, Laying Off 1,000 Employees

Lilium Crashes: Electric Aircraft Startup Shuts Down, 1,000 Laid Off

In a shocking turn of events, electric aircraft pioneer Lilium has ceased all operations, leaving around 1,000 employees jobless. After raising over $1 billion and going public through a SPAC merger, the company was poised to revolutionize urban air travel with its VTOL aircraft. However, the lack of additional financing forced Lilium to ground its ambitions. While it had secured pre-orders, including one from Saudi Arabia, Lilium's technology and assets might now be up for grabs as KPMG manages the insolvency proceedings.

Dec 26

Lilium Crashes: Electric Aircraft Startup Shuts Down, 1,000 Laid Off

Salesforce Cuts Jobs for Third Time in Nine Months Despite $1.2B AI Revenue

Salesforce laid off employees for the third time in nine months, with cuts hitting teams tied to its Agentforce AI product. The layoffs come just one month after the company reported Agentforce annual recurring revenue surpassed $1.2 billion — a paradox that captures the tension between AI revenue growth and AI-driven job displacement.

yesterday

Salesforce Cuts Jobs for Third Time in Nine Months Despite $1.2B AI Revenue