Meta is slashing 10% of its workforce, cutting 8,000 jobs and canceling 6,000 open roles effective May 20, as the tech giant redirects resources toward massive artificial intelligence spending.
Vast Data secures a massive $1 billion Series F funding round backed by Nvidia, catapulting its valuation to $30 billion — more than triple its 2023 worth — as the AI infrastructure company surpasses $4 billion in cumulative bookings and $500 million in annual recurring revenue.
Google Cloud unveils its eighth-generation TPUs at Next '26, delivering 121 exaflops of power in a single superpod, alongside a revolutionary Virgo Network fabric capable of connecting over one million TPUs into a single training cluster, plus major AI infrastructure upgrades including NVIDIA Vera Rubin-powered instances and an AI Inference Gateway slashing latency by over 70%.
Vast Data secures $1 billion in Series F funding, tripling its valuation to $30 billion with backing from Nvidia and Fidelity, as its AI data infrastructure platform tackles critical memory and storage bottlenecks threatening to derail the generative AI revolution.
Google unveils its 8th-generation TPU chips — the TPU 8t and TPU 8i — delivering nearly 3x the compute performance per pod, 80% better performance-per-dollar, and 2x improved energy efficiency over the previous generation, set for general availability later this year.
Tech giants Amazon, Google, and Microsoft shed a combined $900 billion in market value as investors revolt against $660 billion in projected AI spending with little return, while Apple surges 7% by taking a lean, asset-light AI approach that keeps its 2026 capital expenditure at just $14 billion, signaling a dramatic market shift demanding real AI returns over reckless spending.
Google is in talks with Marvell Technology to develop two new AI chips targeting surging inference costs, expanding its custom silicon supply chain beyond existing partners Broadcom and MediaTek as AI query demands increasingly outpace training as the dominant compute expense for hyperscalers.
NVIDIA's Blackwell architecture is revolutionizing AI infrastructure, delivering 35x lower token costs and 50x greater output per watt than its predecessor Hopper, as major cloud providers race to deploy the new GPUs and redefine how AI computing efficiency is measured.
Meta and Broadcom are joining forces to co-develop next-generation custom AI chips, committing to a massive multi-gigawatt silicon rollout to power AI across Meta's platforms, as Broadcom CEO Hock Tan steps down from Meta's board to serve as a strategic advisor on its chip roadmap.
AI data center startup Fluidstack is seeking $1 billion in funding at an $18 billion valuation, more than doubling its worth in months, driven by a landmark $50 billion deal with Anthropic to build custom AI data centers across the U.S.