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AI Sparks 40% Tech Layoffs Wave

AI Sparks 40% Tech Layoffs Wave

Block cuts 4000 staff (40%) replacing with faster AI, stock jumps 23%; echoes Musk's Twitter purge. Investors demand AI ROI proof amid Nvidia's strong earnings. Signals broader tech cost-cutting to justify AI investments over headcount.

虎嗅MediaFeb 27#layoffs#ai-roi#tech-jobs
Anthropic Targets a Record-Breaking IPO

Anthropic Targets a Record-Breaking IPO

Anthropic reportedly expects its IPO to match or exceed SpaceX's record $75 billion raise and could file publicly as soon as the end of this month. The company reportedly recorded an almost $42 billion net loss in 2025, about five times the previous year's figure.

The Next Web (TNW)Media1h ago#ipo#frontier-ai#fundraising