The Dead Economy Theory
Block Inc. CEO Jack Dorsey laid off nearly half the company's workforce in March 2026, citing AI coding agents as the reason, and investors responded by driving the stock price up 25 percent in after-…
Microsoft is a global technology corporation that has made major AI investments through a multi-billion dollar partnership with OpenAI. It integrates AI across Bing, Azure, GitHub Copilot, and Microsoft 365.
Block Inc. CEO Jack Dorsey laid off nearly half the company's workforce in March 2026, citing AI coding agents as the reason, and investors responded by driving the stock price up 25 percent in after-…
Ohio Governor Mike DeWine has suspended new applications for data center sales and use tax exemptions after the program cost taxpayers $1.5 to $1.6 billion in 2025, 12 times more than the projected $1…
A billion AI agents are projected to overwhelm power grids, driving a datacenter energy crisis that demands new solutions. Postgres databases are emerging as a key answer by enabling data sovereignty,…
Microsoft updated its Copilot AI assistant with a redesigned interface and relocated a frequently criticized button to a less prominent position. The company reported a 27-43% usage increase based on …
Microsoft has released MarkItDown, a lightweight Python library and CLI tool that converts PDFs, Word documents, Excel sheets, PowerPoint decks, and other file formats into Markdown for use in LLM pip…
Aizy, a one-year-old Dutch AI-marketing firm based in Breda, has acquired Uptmz, a seven-year-old performance-advertising platform, merging the two into a single system serving over 600 customers. The…
Microsoft launched Copilot Health in preview today, giving U.S. users aged 18 and older with a Microsoft 365 Personal, Family, or Premium subscription access to a secure, personalized health assistant…
British autonomous-vehicle software startup Wayve is launching a new research unit called Wayve Labs, led by chief scientist Jamie Shotton, to explore embodied intelligence systems beyond self-driving…
Meta announced layoffs of 8,000 employees and canceled 6,000 open requisitions, many for software engineers, while Google's CEO reported 75% of new code is now AI-generated. Stanford researchers found…
Blue Origin's New Glenn rocket suffered a catastrophic failure during its maiden launch, destroying the vehicle and its payload. The explosion has dealt a significant blow to NASA's Artemis program, w…
Billionaire investor Dan Loeb dismissed concerns that the AI boom resembles the dot-com bubble, arguing that Big Tech's massive spending on microchips and data centers is justified by strong earnings …
At the GLOBSEC Forum 2026 in Prague, European leaders and tech companies debated two paths for the continent's technological future: scaling existing private-sector solutions or building new capabilit…
Microsoft has redesigned its 365 Copilot AI assistant to function as a single entry point across its apps, surfacing relevant actions based on user context. The new interface uses progressive disclosu…
Japan's Finance Minister Katayama announced a strategic partnership with OpenAI to provide Japanese financial institutions with priority access to the company's newest, unreleased models. Microsoft, O…
Microsoft canceled most of its internal Claude Code licenses due to cost overruns, redirecting engineering teams to its own GitHub Copilot. Uber depleted its annual AI coding budget in four months, wi…
Multiple major AI chatbots, including Google's Gemini, AI Overviews, and Microsoft's Copilot, are increasingly citing Elon Musk's Grokipedia as a source, according to data from analytics firms. The AI…
AI Singapore hosted the inaugural AIxTech Industry Forum yesterday, where panelists from AWS, Microsoft, OpenAI, and AI Singapore discussed the challenges of adopting artificial intelligence at indust…
New Constructs CEO David Trainer is advising investors to avoid SpaceX's highly anticipated IPO, calling the company's projected $1.75 trillion valuation "truly out of this world." Trainer argues that…
Microsoft will unveil a suite of homegrown AI models at its Build developer conference next week, including a coding model designed to boost usage of GitHub Copilot, according to Reuters and The Infor…
An unnamed company received a roughly $500 million monthly bill for Claude AI usage after failing to set usage limits on employee licenses, according to an AI consultant cited by Axios and reported by…