Canva cuts 1,271 jobs, about 22% of its staff
The cuts follow rapid free-user adoption of Canva's AI tools, which carry a real cost for each prompt.
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Developer tools company Pierre joins OpenAI, already used in Codex
Its open-source tools already run inside parts of OpenAI's Codex coding product, which the hire builds on.
Read storyOpenAI acquires Git hosting startup Pierre to power Codex
Pierre's open-source developer tools already run parts of Codex, so the deal brings that work in-house.
Read storyOracle reportedly cancels $7 billion Tencent compute deal under White House pressure
The reported cancellation shows government pressure can reshape large AI infrastructure deals with Chinese firms.
Read storyMoonshot AI releases Kimi model weights on Hugging Face
Publishing the weights lets outside developers download and run the model themselves.
Read storySpaceX buys AI coding tool Cursor in $60 billion deal
The deal puts a leading AI coding tool under SpaceX ownership in one of the largest reported tech transactions.
Read storyOpenAI reportedly readies Sol, Astra and cyber models for possible Friday launch
A reported launch of new OpenAI models would shift competition among AI labs building security tools.
Read storyOmarchy release adds support for Apple M1 through M3 Macs
Apple hardware owners can now install the system alongside macOS, widening its reach.
Read storyAnalytics and access policies for personal agents
Site owners can now see how personal agents reach their pages on behalf of people and set rules for them.
Read storySequoia closes London office and restructures to act like a startup
Partners are leaving the firm as it returns to backing a few companies it believes in deeply.
Read storyMicrosoft and Google offer exit packages as AI spending rises
The Microsoft offer covers over a quarter of the company, and Google reportedly extends similar packages in five countries.
Read storyCrédit Mutuel Arkéa loses $133M in crypto to hackers
Hackers have laundered $30M through stablecoins, and critics say the bank took days to publicly acknowledge the breach.
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