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Tech layoffs surge to 38,242 in May as artificial intelligence reshapes US job cuts landscape

US tech companies eliminated 38,242 jobs in May 2026, marking the highest monthly job cuts in two years. For the third consecutive month, artificial intelligence was cited as the leading reason for layoffs, even as major firms like Google, Amazon, Microsoft, and Meta plan $725 billion in combined AI infrastructure spending this year.

Business5 sources

Tech layoffs surge to 38,242 in May as artificial intelligence reshapes US job cuts landscape

Business5 sources

Pinterest commits $4 billion to AWS in largest-ever cloud deal to accelerate AI vision

Pinterest announced a $4 billion commitment to Amazon Web Services through 2031, marking its largest infrastructure agreement ever. The social media platform will leverage AWS custom chips including Graviton and Trainium to scale AI-powered visual search and personalized discovery for over 600 million monthly users. The deal extends a partnership dating back to 2010 and aims to close the gap between user inspiration and transaction.

Business5 sources

Pinterest commits $4 billion to AWS in largest-ever cloud deal to accelerate AI vision

Business5 sources

Companies exhaust AI budgets by April as token costs spiral out of control

Major tech companies are slamming the brakes on AI spending after burning through entire annual budgets in just months. Uber capped engineers at $1,500 monthly after exhausting its 2026 AI budget by April, while Microsoft revoked Claude Code licenses. Even OpenAI CEO Sam Altman admits AI costs have become 'a huge issue' as agentic workflows drive token consumption to unsustainable levels.

Business11 sources

Companies exhaust AI budgets by April as token costs spiral out of control

Business11 sources

Skip the 'Please': How Shorter AI Prompts Could Save Enough Energy to Power 760,000 Homes

A United Nations report reveals that removing polite phrases and unnecessary words from AI prompts could reduce ChatGPT's energy consumption by up to 25 percent. The study finds that concise interactions could save 87 to 98 gigawatt-hours annually—equivalent to the residential electricity needs of 760,000 people in sub-Saharan Africa. As AI adoption accelerates faster than any technology in history, researchers urge users to rethink how they interact with chatbots.

Science3 sources

Skip the 'Please': How Shorter AI Prompts Could Save Enough Energy to Power 760,000 Homes

Science3 sources

Foxconn and Intel partner with SambaNova to build rackscale AI infrastructure for data centers

Intel and Foxconn unveiled a strategic partnership at Computex to develop and deploy AI infrastructure for data centers, betting on a fundamental shift from training to inference workloads. The collaboration pairs Intel Xeon processors with SambaNova's accelerators in production-ready racks, as Intel argues the traditional four-GPU-to-one-CPU ratio is collapsing toward parity as AI inference demands grow.

Technology3 sources

Foxconn and Intel partner with SambaNova to build rackscale AI infrastructure for data centers

Technology3 sources

TSMC warns chip supply won't meet AI-fueled demand for years despite massive expansion

Taiwan Semiconductor Manufacturing Company's CEO C.C. Wei told shareholders that global chip supply will fall short of AI-fueled demand for years, even as the company expands production with $165 billion in U.S. investments. The chipmaker forecasts over 30% sales growth this year but says production capacity bottlenecks remain a critical constraint in building global AI infrastructure.

Business4 sources

TSMC warns chip supply won't meet AI-fueled demand for years despite massive expansion

Business4 sources

YY Group deploys humanoid robots in Singapore malls as stock surges on AI workforce strategy

Singapore-based YY Group Holding launched a humanoid robotics training lab and deployed service robots at commercial facilities including shopping malls and luxury hotels. The company's stock jumped over 30% as it transforms workforce data into AI training assets using NVIDIA technology, targeting the autonomous facility management market.

Technology3 sources

YY Group deploys humanoid robots in Singapore malls as stock surges on AI workforce strategy

Technology3 sources

Microsoft's RTX Spark Dev Box targets AI developers, but raises questions about accessibility

Microsoft unveiled the Surface RTX Spark Dev Box at Build 2026, a compact AI workstation with 128GB unified memory and Nvidia's RTX Spark chip. While the device promises to run models with 120 billion parameters locally, its expected $2,500+ price tag raises concerns about hardware accessibility for local AI development at a time when software efficiency has driven adoption more than raw compute power.

Technology6 sources

Microsoft's RTX Spark Dev Box targets AI developers, but raises questions about accessibility

Technology6 sources

EU asks households to cut electricity use as AI data centres strain power grids nationwide

The European Commission is urging households to reduce electricity consumption during peak hours as AI data centres strain grids across the bloc. Ireland's data centres already consume 22% of national electricity, and regional bills could rise 20-40%. The Commission has published new energy efficiency standards to address the growing demand.

Policy2 sources

EU asks households to cut electricity use as AI data centres strain power grids nationwide

Policy2 sources

Microsoft pledges community permission for AI data centers as protestors challenge environmental impact

Protestors confronted Microsoft at its Build 2026 conference over the environmental impact of AI data centers. CEO Satya Nadella responded by committing to seek community permission before building new facilities, promising improved cooling systems, reduced water consumption, and local investments. The Fairwater data center in Wisconsin exemplifies Microsoft's new approach with minimal water use.

Technology2 sources

Microsoft pledges community permission for AI data centers as protestors challenge environmental impact

Technology2 sources

Sam Altman to Attend G7 in France as Macron Courts Tech Leaders for AI Ambitions

OpenAI CEO Sam Altman will attend the G7 summit in France from June 15-17 following an invitation from President Emmanuel Macron. The gathering marks Altman's first G7 appearance as artificial intelligence takes center stage on the agenda. Macron's invitation follows France's successful courtship of SoftBank for a $53 billion AI infrastructure investment.

Policy2 sources

Sam Altman to Attend G7 in France as Macron Courts Tech Leaders for AI Ambitions

Policy2 sources

UN Report Warns AI Could Consume 3% of World's Electricity and Deplete Drinking Water by 2030

A new United Nations report reveals the staggering AI environmental impact, projecting data centers will double their resource consumption by 2030. The study estimates AI will use 3% of global electricity, produce carbon emissions equal to the UK, and consume more water than the world's annual drinking water needs. The UN warns efficiency gains won't help due to the Jevons paradox.

Science12 sources

UN Report Warns AI Could Consume 3% of World's Electricity and Deplete Drinking Water by 2030

Science12 sources

3DMark Benchmark Previews Native 4K Path Tracing With AI Rendering at Computex 2026

UL Solutions showcased its most demanding 3DMark benchmark yet at Computex 2026, featuring native 4K path tracing with AI upscaling and frame generation. The preview at Thermal Grizzly's booth reveals a shift in GPU testing toward AI-assisted rendering technologies alongside traditional graphics performance metrics, signaling how next-generation GPU architectures will be evaluated.

Technology2 sources

3DMark Benchmark Previews Native 4K Path Tracing With AI Rendering at Computex 2026

Technology2 sources

Xos Inc launches Power Hub to solve AI data centers' energy crisis amid grid delays

Xos Inc has unveiled its Power Hub series, a mobile energy storage system designed to deliver megawatt-scale power to AI data centers within days instead of years. The containerized solution addresses critical grid connection delays that can stretch up to seven years, as electricity demand from AI infrastructure is projected to double by 2030.

Technology2 sources

Xos Inc launches Power Hub to solve AI data centers' energy crisis amid grid delays

Technology2 sources

Qualcomm CEO declares 2026 the year of AI agents, unveils Dragonfly platform at Computex

Qualcomm CEO Cristiano Amon announced at Computex 2026 that AI agents will become the centre of digital life, fundamentally shifting how users interact with technology. The company revealed its new Dragonfly data center platform and outlined how agentic AI will operate independently across devices, reducing the smartphone's central role in digital ecosystems.

Technology2 sources

Qualcomm CEO declares 2026 the year of AI agents, unveils Dragonfly platform at Computex

Technology2 sources

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