Opinion: Block's layoffs might just be the biggest story of a tumultuous week. Here's why
CNBC
Block, Jack Dorsey's payments company, will cut 6,000 of its 10,000 workers as it embraces AI. CNBC's Steve Sedgwick says it's the biggest story of the week.
In a week where the News Gods have given us a cornucopia of stories, it's a fool's game to pick out the biggest one.
Was it Trump's extraordinary State of The Union? The phenomenal Nvidia results that failed to answer questions over whether the enormous hyperscaler splurge will result in significant profits further down the line? The rising tensions between Iran and the U.S.?
Let me play the fool for a moment, because I think the news from a medium-sized tech payments company might have longer term tremors and be a warning of societal upheaval far greater than other stories of the week.
China-based usage of OpenClaw has already topped that of the U.S., while driving demand for Chinese lower-cost AI models.
Google said its GFiber unit is combing with Astound Broadband and forming a independent fiber provider.
Amazon asked the FCC for a waiver or 24-month extension to meet a July 2026 deadline to deploy 1,600 internet satellites.
The next generation of Microsoft's video game hardware will first land in the hands of developers next year.
The UK-based startup hit a valuation of $75 billion in 2025 and is one of Europe's most valuable private tech companies.
AVK and Pure Data Centers’ microgrid facility in Ireland could mark the region’s first step toward a privately powered ecosystem.
Anduril, founded by Oculus creator Palmer Luckey, is positioning itself to be a key player in President Trump's "Golden Dome" project.
Microsoft threw its support behind Anthropic and advocated for a temporary restraining order to the Pentagon's supply chain risk designation.
Moltbook was built for OpenClaw agents, and OpenClaw's founder, Peter Steinberger, was hired by OpenAI.
Swedish legaltech Legora hits $5 billion valuation as investors pile money into European AI startups
The announcement comes on the back of a bumper start to the week for European AI companies.
Oracle's $300 billion deal with OpenAI established it as a major player in AI cloud computing alongside Amazon, Google and Microsoft.
Nvidia is planning to lean into the agentic AI craze and launch an open-source platform for AI agents called 'NemoClaw,' according to a report.
The NAACP has accused Mississippi regulators of rushing a meeting to approve xAI plans for a massive, methane-burning power plant in Southaven.