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monday.com cuts 20% of workforce in strategic pivot to AI Work Platform

The Israel-based software company announced plans to eliminate roughly 620 positions as it restructures around AI agents and human collaboration. Despite the workforce reduction, monday.com raised its operating margin guidance to 15% and reaffirmed 19-20% revenue growth. Management emphasized the cuts enable reinvestment into product development and AI-driven growth rather than cost reduction.

2 Sources

Reddit and major publishers consider blocking Google as AI search decimates web traffic

Reddit and publishers including USA Today, Reuters, and Politico are reconsidering their relationship with Google as AI Overviews devastate referral traffic. Reddit's $60 million licensing deal is up for renewal, with traffic to some sites plunging over 85%. The move signals a potential breaking point in the decades-old arrangement between search engines and content creators.

5 Sources

Volkswagen accelerates self-driving push in China with Horizon Robotics partnership expansion

Volkswagen is strengthening its partnership with Horizon Robotics through its CARIZON joint venture to fast-track self-driving technology development in China. The German automaker plans to deliver Level 3 autonomous vehicles by late 2027 and roll out Level 2++ urban assisted driving systems this year, as it faces mounting pressure from Chinese automakers in the competitive EV and autonomous driving market.

2 Sources

Glow raises $180M at $1.2B valuation to tackle AI endpoint security with prevention-first approach

Cybersecurity startup Glow emerged from stealth with $180 million in Series A funding at a $1.2 billion valuation, backed by Sequoia Capital and Cyberstarts. Founded by former Meta and Snowflake executives, the company deploys AI agents to prevent security threats on corporate devices before they emerge. But founder Roi Tiger's past with Onavo, Meta's controversial surveillance tool, adds complexity to the trust equation.

4 Sources

Anthropic brings Claude AI to FCA Supercharged Sandbox as applications surge 51%

Anthropic will provide Claude AI models to companies in the UK Financial Conduct Authority's second Supercharged Sandbox cohort, supporting 21 firms testing AI applications ranging from fraud detection to compliance automation. The program received 199 applications, up 51% from the first round, reflecting surging demand for regulated environments where financial companies can safely experiment with AI systems.

2 Sources

Marco Rubio tells US diplomats to downplay tech kill switch fears after Anthropic AI ban fallout

US Secretary of State Marco Rubio has instructed American diplomats worldwide to push back against the narrative that the US holds a tech kill switch over advanced AI models. The directive follows international backlash from the Trump administration's brief June ban on foreign access to Anthropic's most advanced AI systems, which sparked renewed calls for digital sovereignty across Europe and Asia.

6 Sources

22 Jul 2026

HFCL swings to profit with Rs 246 crore earnings as AI data centre demand drives growth

HFCL reported its highest-ever quarterly financial results with net profit at Rs 246 crore in Q1FY27, reversing a year-ago loss. Revenue soars 120% YoY to Rs 1,915 crore, driven by surging demand from hyperscale data centres and export growth. The company approved Rs 215 crore investment in AI infrastructure and raised its FY27 growth target to 40%.

2 Sources

Ericsson and LG Uplus partner on voice AI and AI-native networks, but details remain sparse

Ericsson and LG Uplus announced a strategic partnership to develop network-based voice AI solutions and accelerate AI-native network transformation. The collaboration combines LG Uplus's commercial voice AI experience with Ericsson's global network technology, but the announcement provides no concrete trials, timelines, or deployment plans.

2 Sources

Elon Musk claims Grok will produce full-length AI Odyssey film to rival Christopher Nolan

Elon Musk announced that his AI platform Grok Imagine will create a full-length, historically accurate adaptation of The Odyssey by the end of 2026. The promise comes after weeks of criticizing Christopher Nolan's blockbuster version, which has earned over $300 million globally. But early footage reveals significant technical challenges that raise questions about whether AI can deliver coherent feature-length storytelling.

11 Sources

AI surge pushes data centers to consume 20% of US electricity by 2035 as demand skyrockets to 194GW

Data centers are projected to consume one-fifth of U.S. electricity by 2035, up from 5.9% today, according to BloombergNEF. The firm raised its forecast to 194 gigawatts—an 83% jump from seven months ago—driven primarily by AI training and inference workloads. Even at record grid connection rates, analysts predict a 19-gigawatt supply shortfall.

2 Sources

US government pledges $5 billion for AI research funding in biggest science overhaul since 1945

The Trump administration announced a $5 billion investment in AI-powered research across 15 federal agencies, marking the largest overhaul of federal science funding in over 80 years. The plan shifts money away from universities toward individual scientists and AI-native laboratories, drawing criticism from researchers who warn it could undermine peer review and benefit China.

7 Sources

Reddit considers ending Google AI deal as search traffic plummets across content publishers

Reddit is reconsidering its $60 million-a-year partnership with Google that allows the tech giant to train its Gemini AI models on Reddit's content. The decision comes as Google's AI summaries have drastically reduced website traffic, with some publishers experiencing drops exceeding 85%. Reddit stock fell 9% following the news, reflecting investor concerns about the platform's data monetization strategy.

2 Sources

Baird initiates Nebius with Outperform rating, sets $250 target on AI inference positioning

Baird launched coverage on Nebius Group with an Outperform rating and $250 price target, citing the company's strategic positioning as AI workloads shift from training to inference. The firm highlighted Nebius's full-stack AI infrastructure capabilities, diversifying customer base, and veteran management team from the Yandex carve-out as key factors driving growth in the AI cloud platform sector.

2 Sources

China tech giants recruit teenagers as young as 13 to combat AI talent shortage

China's biggest tech companies are recruiting teenagers, some as young as 13, to address a critical AI talent shortage. With McKinsey projecting a gap of 5 million AI workers by 2030, firms like Tencent, ByteDance, and Geely are launching camps and trainee programs targeting high school students, prioritizing skills over traditional degrees.

2 Sources

Bloomsbury Publishing secures millions from Anthropic settlement over AI training on copyrighted works

Bloomsbury Publishing will receive approximately $21 million from Anthropic's $1.5 billion copyright settlement, the largest in US history. The payout covers 14,087 titles at roughly $3,000 per work, split equally between authors and publishers. A federal judge approved the deal Monday, resolving claims that Anthropic used pirated books to train its Claude AI models.

6 Sources

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