Meta taps 28-year-old Scale AI co-founder Alexandr Wang to lead a secretive AI lab called TBD, assembling 100 elite researchers and releasing a competitive new model as Zuckerberg races to close the gap with OpenAI and Google — but internal tensions, setbacks, and rival speed are threatening to slow the ambitious push.
Anthropic's Claude Code team is abandoning six-month roadmaps in favor of rapid, just-in-time planning as agentic AI eliminates coding bottlenecks, reshapes team roles, and shifts human focus toward security, product judgment, and creative systems thinking.
Gusto launches 'Gusto Cofounder,' an AI agent powered by OpenAI that lets small business owners automate payroll, expenses, and reporting using plain-language prompts, with built-in integrations and a competitive edge from its deep existing presence within thousands of businesses.
OpenAI breaks ground on 'The Barn,' a massive 1GW data center campus in Saline, Michigan, promising 2,500+ union construction jobs, 450 permanent positions, $1 billion in tax revenue, and $45 million in AI credits for Michigan students, with key protections ensuring no electricity cost increases for local residents.
A 95-minute AI-generated action-fantasy film called 'Hell Grind' debuts after a Cannes Film Festival preview, produced in just 14 days for under $500K using the Higgsfield AI platform, signaling a potential revolution in how films are made and financed.
Corporate AI spending faces a major reckoning as companies like Microsoft and Uber struggle to justify soaring costs and poor returns, with experts warning that unfocused deployment, high token costs, and poor use case selection are driving a correction away from AI overuse toward smarter, revenue-focused applications.
AI adoption is surging with 88% of organizations jumping in, but only 31% successfully scale it — and Slack is positioning itself as the solution by bridging the critical context gap that forces workers to constantly switch tools and manually feed AI the information it needs to deliver real value.
Tech CEOs are being accused of 'AI psychosis' as mass layoffs surge past 115,000 in 2026, with executives citing AI productivity gains that researchers say lack robust evidence, while experts warn AI agents won't reach human-level competence until 2029.
OpenAI commits $250 million to help workers and the economy adapt to AI disruption, funding retraining programs, independent research, and long-term strategies to equitably distribute AI-generated wealth — a move that serves both public goodwill and the company's bottom line.
Meta slashes nearly 1,400 Washington state jobs starting July 22, hitting Bellevue hardest with 699 cuts, as CEO Mark Zuckerberg aggressively restructures the company around artificial intelligence amid fierce competition with OpenAI, Microsoft, and Google.