Business & Industry

Meta lays off roughly 700 employees across five divisions while weighing far deeper cuts of up to 20 percent of its workforce to offset AI infrastructure spending that could reach $135 billion this year.

Amazon has eliminated approximately 30,000 corporate positions since October 2025 through two rounds of layoffs, with March cuts reaching its robotics division and unconfirmed reports suggesting a third wave of 14,000 additional reductions in Q2 2026.

Mountain View startup Sunday has raised $165 million at a $1.15 billion valuation to bring its Memo household robot from demos to real-world deployment, with beta units heading to 50 homes by late 2026.

The 2026 tech IPO window that bankers predicted would be the busiest since 2021 has opened to near-silence, with Discord, Kraken, and Motive all stalled as a government shutdown hangover clogs the SEC pipeline and investors demand profitability over growth.

The five largest US cloud providers have committed up to 690 billion dollars in 2026 capex, nearly doubling 2025 levels, as inference workloads surpass training to consume 60 to 70 percent of AI compute demand.

February 2026 shattered all venture capital records with $189 billion deployed globally, but 83 percent of that capital flowed to just three AI companies, deepening a K-shaped market where mega-rounds surge while seed funding contracts.

The US and Japan enacted a critical minerals action plan on March 19 featuring price floors and four joint projects as neodymium prices doubled year-to-date and a $12 billion US strategic stockpile takes shape.

Founder Jay Graber becomes chief innovation officer as Bluesky discloses a $100M Series B led by Bain Capital Crypto, but daily active users have fallen 40 percent year-over-year.

Google completed its all-cash acquisition of cloud security firm Wiz on March 11, clearing regulatory reviews in seven jurisdictions and reshaping the competitive landscape for independent cybersecurity vendors.

Meta has signed a multibillion-dollar deal to lease Google Ironwood TPUs as it diversifies its AI chip procurement beyond Nvidia, while Google targets 10 percent of Nvidia's data center revenue.

Seattle-based XBOW raised $120 million in Series C funding led by DFJ Growth and Northzone, crossing the $1 billion valuation mark as it scales an AI platform that autonomously discovers and validates software vulnerabilities.

Narayen will remain as board chair while Adobe searches for a successor amid a stock slide from $688 to under $250 and mounting AI competition.