Oracle is laying off up to 30,000 staff to cut costs amid AI and tech industry chaos. Founded in 1977 by Larry Ellison, it’s a tech giant.
A planned $100 billion investment deal between Nvidia and OpenAI has fallen apart amid reports of internal doubts and dissatisfaction with Nvidia's chips. Both companies deny tension, but the deal's collapse raises questions about AI infrastructure funding and industry confidence as OpenAI explores alternatives.
Leaders and industry experts warn of increasing pressure for countries to develop sovereign AI capabilities amid US-China tech rivalry. The GCC has invested early, while Europe focuses on building local infrastructure. Open-source models are seen as key for middle powers to maintain control.
As of February 2026, a landmark trial in Los Angeles County Superior Court is underway against Meta and Google's YouTube, accused of deliberately designing platforms to addict children and harm their mental health. The case centers on a 19-year-old plaintiff, KGM, and could set precedent for hundreds of similar lawsuits. TikTok and Snap settled earlier. Meta denies wrongdoing, citing complex mental health factors and safeguards.
As of early March 2026, President Trump hosted major tech companies including Google, Microsoft, Meta, and OpenAI to sign a voluntary 'ratepayer protection pledge.' The pledge commits these firms to build or buy their own power generation for AI data centers to prevent electricity price hikes for consumers amid surging energy demand. Experts remain skeptical about the pledge's enforceability and impact on rising utility costs.
The UK government announced a £1bn investment in quantum computing to retain talent and compete with US AI dominance. Despite ambitious plans, many UK AI projects face delays and questionable investments, raising concerns over the true scale of infrastructure buildout and economic impact.
A new wave of AI agents, including OpenClaw in China, is transforming tech industries and user behaviors. While these tools offer automation and innovation, security risks and regulatory crackdowns are emerging, especially amid geopolitical tensions in the Middle East. The story highlights rapid adoption, risks, and geopolitical impacts as AI advances accelerate.
The Portsmouth Gaseous Diffusion Plant in Ohio is being transformed into the PORTS Technology Campus, featuring a 10-gigawatt data center and up to 10 gigawatts of new power generation, including natural gas. The project aims to support AI, fusion energy, and national security research, creating thousands of jobs.
The US job market showed signs of resilience in March with 178,000 new jobs added, surpassing expectations. However, ongoing geopolitical tensions and rising oil prices threaten future growth, with analysts warning of potential slowdown and increased unemployment due to the Middle East conflict.
Iran's Revolutionary Guards issued a warning targeting 18 US and allied companies, threatening retaliation for alleged involvement in assassinations of Iranian officials. The threat, issued on March 31, warns of destruction starting April 1, prompting evacuations near targeted sites. The US and Israel continue their military operations against Iran.
President Trump issued a 48-hour deadline to Iran to open the Strait of Hormuz, warning of severe consequences. The US is searching for a missing pilot after Iran shot down an F-15, with ongoing military and diplomatic tensions escalating in the region amid recent attacks and negotiations.
President Trump issued a deadline for Iran to make a deal, warning of military action as US and Iranian forces search for a missing pilot. The conflict has expanded with strikes on Iran's nuclear sites, retaliation in the Gulf, and regional missile exchanges, heightening global energy fears.
Snap has announced it is cutting 1,000 jobs, representing 16% of its workforce, citing rapid AI development. The company aims to reduce costs by over $500 million and improve profitability, with layoffs affecting mainly North American staff. The move follows similar layoffs across the tech sector driven by AI integration.