Alpine town, host of the World Economic Forum
NATO leaders have met in Ankara after months of U.S. threats to scale back forces in Europe and repeated U.S. demands that allies raise defence spending to 5% of GDP by 2035. Tensions over the U.S.-Israeli war on Iran and U.S. troop reviews have strained transatlantic ties, while European governments are increasing procurement and planning to assume more conventional defence responsibilities.
Microsoft has announced 4,800 job cuts companywide, including 3,200 roles in Xbox during fiscal 2027 and 1,600 Xbox positions eliminated immediately. Xbox will spin out or divest five studios and reduce management layers as it restructures to strengthen margins while shifting resources toward AI and core franchises. The move has reduced Xbox headcount by about 20%.
NATO members pledge higher defence spending while President Trump sharpens demands on Greenland and Spain. Mark Rutte labels the alliance stronger, but others warn of lasting tensions as US pressure tests unity.
Apple has filed a federal lawsuit in California accusing OpenAI, its hardware arm io Products and two former Apple engineers of misappropriating confidential designs, supplier data and manufacturing techniques to speed OpenAI’s hardware push. Apple is asking the court to block OpenAI from using the materials, to preserve and return evidence, and to award damages.
Google DeepMind’s Hassabis has urged a US-led, industry-funded AI standards body to regulate frontier models, warning of cybersecurity, biological and nuclear risks. He envisions a FINRA-like framework with independent experts, open-source input and mandatory testing before US deployment. The call follows recent regulatory moves and rivalry with China, underscoring a push for formal oversight of AGI progress.
A White House teleprompter operator has been placed on unpaid leave amid investigations that he used inside information to bet on Kalshi on what the president would say in major speeches. Kalshi has reported the activity to regulators, and investigators are reviewing multiple wagers tied to high-profile addresses.