20 May 2026
SpaceX confirms plans for an IPO that could make Elon Musk a trillionaire
SpaceX confirmed plans to sell shares of its stock to the public for the first time, according to a securities filing Wednesday outlining the company’s fundamentals. The initial public offering (IPO) could make CEO Elon Musk the world’s first trillionaire, a milestone that underscores the extraordinary wealth the tech industry has amassed over three decades.
20 May 2026
Meta begins job cuts in Israel as global layoffs in the name of AI mount
Dozens of Meta Israel employees received dismissal notices on Wednesday, as the US tech titan embarked on a wave of layoffs aimed at trimming 10 percent of its global workforce to offset investing billions of dollars toward AI infrastructure.
20 May 2026
Meta begins to lay off 10% of its workforce as AI investments surge
Notices started going out to employees on Wednesday morning as Meta begins laying off 8,000 employees, or 10% of its workforce, while pouring billions of dollars into AI.
20 May 2026
Robotics Benchmark Stumbles in Moonwalk Test
The Michael Jackson Moonwalk robotics benchmark continues to test the limits of current artificial intelligence and robotics technologies according to recent commentary from The Rundown AI. This entertaining yet technically demanding challenge reveals how far humanoid robots have come in replicating iconic human dance moves while underscoring remaining gaps in balance control and fluid motion…
20 May 2026
Jeff Bezos Tells Workers to ‘Be So Happy’ They’re Being Given the Gift of AI
Jeff Bezos says utopia is right around the corner; we should just keep pushing and, importantly, keep funding companies like the ones he runs.
20 May 2026
Meta slashes 8,000 jobs as it pivots towards AI
A Meta logo is shown on a video screen at LlamaCon 2025, an AI developer conference, in Menlo Park, Calif., April 29, 2025.
20 May 2026
Meta cuts 8,000 jobs in sweeping global layoffs
Meta cancels hiring plans for 6,000 roles amid ongoing layoffs and a pivot to artificial intelligence development. Meta has launched a wave of layoffs that will affect 10 percent of the company’s global workforce, representing about 8,000 people. The cuts, which began on Wednesday, are planned to occur in three waves, beginning at 4am local time for those affected, the Reuters news agency…
20 May 2026
Up 153% YTD, Here's Why Micron Stock Is Already My 2026 Winner
The memory industry has mostly remained cyclical. However, now artificial intelligence (AI) is consuming memory at a pace that might be difficult to sustain for years. Advanced AI systems require significantly larger memory to function, and memory-chip companies like Micron (MU) are capitalizing on this. Micron Technology designs and manufactures the chips that store, move, and process data…
20 May 2026
Google DeepMind CEO says AI could unlock breakthroughs in medicine, energy and more
The number of people using Google's primary artificial intelligence model, Gemini, has more than doubled to 900 million users in one year, the tech giant announced this week.
