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Microsoft Offers Voluntary Buyouts to 60,000 Employees as AI Spending Reaches $190 Billion

Microsoft has extended voluntary buyouts to roughly 60,000 employees across four countries as it channels billions into AI infrastructure buildout. The move affects about 27% of its global workforce while the company projects $190 billion in capital expenditures for 2026, primarily for data centers and computing power.

11 Sources

Yesterday

Amazon, Google Lead Anthropic's $965B Valuation as AI Startup Eyes IPO

Anthropic is preparing for its initial public offering with backing from tech giants Amazon and Google. Amazon invested at least $13 billion with plans for $20 billion more, while Google committed up to $40 billion. The AI startup reached a $965 billion valuation in its Series H round.

2 Sources

Cognizant and EBRD Launch Five-Year AI-Led Services Partnership for Tech Blueprint Transformation

The European Bank for Reconstruction and Development has selected Cognizant as its strategic partner under a five-year framework to support its Tech Blueprint technology transformation program. The partnership will deliver outcome-driven services spanning cloud infrastructure, security, software engineering, and intelligent automation powered by proprietary AI solutions including Neuro IT Operations, Flowsource, and WorkNEXT.

2 Sources

Dutch Government to Cut 25,000 Jobs by 2035 in AI-Driven Efficiency Push

The Netherlands plans to eliminate 25,000 central government positions over the next decade as part of an AI efficiency initiative aimed at saving €3.5 billion annually. State Secretary Eric van der Burg outlined the cost-cutting initiative targeting 16% of the workforce while exempting police and defense sectors.

2 Sources

Anthropic Founders Pledge $79 Billion in AI Wealth to Philanthropy, Echoing Carnegie Era

Anthropic's seven cofounders have pledged to donate 80% of their equity—potentially $79.4 billion—marking one of history's largest philanthropic commitments. Combined with a $100 billion public benefit fund, this AI-driven philanthropy could reshape charitable giving on a scale unseen since the industrial fortunes of Andrew Carnegie and John D. Rockefeller.

2 Sources

Deutsche Bank Slashes Corporate Loan Approvals to Minutes as It Prepares for AI Economy

Deutsche Bank is transforming corporate lending with AI, cutting approval times from weeks to minutes for smaller companies. The bank's new CTO Marie-Jeanne Deverdun revealed the institution is preparing for an agentic economy where AI agents interact directly with client systems, while investing €2.5bn through 2028.

2 Sources

SpaceX AI Infrastructure Plans Drive Major Analyst Upgrades With 70-82% Upside Potential

Bernstein and Deutsche Bank raised SpaceX stock price targets to $268 and $250 respectively, citing the company's ambitious AI infrastructure plans. Analysts believe SpaceX's terrestrial AI build-outs and planned orbital data centers could drive significant upside, with the aerospace giant targeting 10-20 gigawatts of compute capacity by 2027-2028.

2 Sources

93% of CFOs Use AI in Finance, But Human Judgment Remains Critical for Trust and Accuracy

AI adoption in finance has surged with 93% of CFOs now using AI tools across operations. But trust remains a critical challenge—less than half of users trust LLM outputs, yet two-thirds rely on them without verification. This gap between automation and accountability highlights why human judgment in AI-powered finance is irreplaceable for context-aware decision-making.

2 Sources

Pronto Founder Anjali Sardana Launches Provision Labs to Build Physical AI Data Infrastructure

Anjali Sardana, founder of Indian household services startup Pronto, has launched Provision Labs in San Francisco to develop data infrastructure for physical AI systems. Backed by General Catalyst, Bain Capital Ventures, and Lachy Groom, the venture will collect data to train and test AI models for robotics and real-world applications.

3 Sources

Verizon Signs $2B+ AI Infrastructure Deal with AWS, Raises Annual Forecast on Subscriber Growth

Verizon secured a multi-billion-dollar deal with Amazon Web Services to power AI infrastructure through fiber-optic connectivity. The telecom giant raised its annual forecast, expecting 1.1 million to 1.2 million postpaid phone subscribers after adding 406,000 in Q3—nearly double analyst estimates and its strongest third-quarter performance in five years.

2 Sources

Japanese Companies Compensate Users as Cyberattacks Expose Critical System Vulnerabilities

GMO Internet Group and Park24 are paying customers after waves of cyberattacks disrupted services and exposed personal data. GMO offers 5,000 yen goodwill payments while Park24 pays 3,000 yen per affected user. The incidents reveal how AI is accelerating cybercrime and forcing Japan to strengthen digital defenses as companies face mounting financial and reputational costs.

2 Sources

Tata Communications commits $450M to build 10,000 km AI fibre network across India

Tata Communications announced a $450 million investment to build 10,000 km of AI-ready fibre infrastructure connecting India's major data centre hubs. The three-phase project targets hyperscalers and cloud providers, adding 6 petabits per second capacity to support the country's expanding AI economy.

8 Sources

Anthropic IPO Filing Reveals $800 Billion Compute Gamble and Enterprise Growth Strategy

Anthropic filed its S-1 prospectus for a public offering valued at over $1.5 trillion, disclosing $16.3 billion in revenue for the first half of 2026. The filing reveals compute obligations potentially exceeding $800 billion and a customer ecosystem strategy that's driving 900% net revenue retention across 11,900 enterprise accounts.

33 Sources

SoftBank Plans $50 Billion AI Investment in Malaysia, Joining Tech Giants in Southeast Asia Push

SoftBank's Masayoshi Son has identified locations in Sarawak and peninsular Malaysia for a $50 billion tech investment focused on AI and data centres. Prime Minister Anwar Ibrahim announced the plan as Malaysia races to become an AI nation by 2030, attracting major investments from Google, Amazon and Microsoft.

7 Sources

L Catterton Invests in AI Shopping Platform Glance to Drive US Expansion

Global consumer-focused investment firm L Catterton announced a strategic investment in Glance, an AI-powered personal shopping platform backed by InMobi. The deal reflects growing conviction in how agentic AI is transforming product discovery and purchasing. L Catterton will leverage its consumer expertise and global network to support Glance's expansion, particularly in the US market where the platform already reaches millions through partnerships with Samsung, Motorola, and DIRECTV.

3 Sources

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