Meta Slashes Jobs as AI Budget Rises
Meta Platforms is expanding layoffs while boosting investment in AI, signaling a shift to fund AI initiatives by reallocating resources from staff.
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AI’s power play: NextEra-Dominion megamerger could steer America's data-centre future
NextEra Energy and Dominion Energy unveiled a $420bn megamerger to consolidate the eastern US electricity grid that underpins the AI data‑centre boom in Virginia’s “data centre alley,” backed by a claimed 130 GW of data‑centre demand. The deal values Dominion at about $76 a share (enterprise value ~ $124bn including $56.7bn debt) and faces a lengthy regulatory path—roughly 18 months—with a $4.8bn break fee if blocked. To ease consumer fears over higher power costs amid the AI infrastructure rush, NextEra has pledged $2.2bn in bill credits for customers in Dominion’s service areas.
OpenAI verdict: Musk’s lawsuit dismissed due to statute of limitations
A federal jury ruled Elon Musk’s claims against OpenAI and its CEO Sam Altman were barred by the statute of limitations, leading a judge to dismiss the case against OpenAI. The outcome ends Musk’s challenge over OpenAI's for-profit conversion, and he criticized the judge online after the verdict.
Musk Loses OpenAI Lawsuit as Jury Finds Time-Barred Claim
A US federal jury in Oakland unanimously ruled Elon Musk’s lawsuit against OpenAI was time-barred by the statute of limitations, finding no liability over OpenAI’s direction; Musk said he will appeal, and the trial underscored a deeprift over OpenAI’s nonprofit origins and its move toward profitability amid Microsoft partnerships.
OpenAI Cleared in Musk Lawsuit, Clearing Path for IPO Push
A federal jury in Oakland found Sam Altman, OpenAI and president Greg Brockman not liable in Elon Musk’s 2024 lawsuit, ruling that Musk’s breach of charitable trust and unjust enrichment claims were unproven and time-barred. The verdict removes liability and suggests OpenAI can continue with its for-profit restructuring and a potential IPO around a $1 trillion valuation, with the judge signaling agreement with the jury and the remedies portion of the case being dropped.
Anthropic to brief global regulators on AI-driven cyber gaps in finance
Anthropic will brief the Financial Stability Board on cyber vulnerabilities exposed by its Claude Mythos Preview AI, following a request from Bank of England Governor Andrew Bailey. The briefing aims to discuss Mythos’ capabilities as regulators push for sound AI-adoption practices in finance. Anthropic says Mythos has identified thousands of high-severity vulnerabilities across major operating systems and browsers, with about 40 organisations having access to Mythos (including Amazon, Microsoft and JPMorgan Chase) and wider distribution limited after White House input. Regulators, IMF and UK authorities are urging faster patching to mitigate AI-driven cyber risks to the global financial system.
Rising Yields Loom Over AI Stock Rally
Investors remain bullish on megacap tech and AI stocks, but rising yields threaten to derail the rally, according to Bloomberg's survey of 32 investment managers across the US, Asia and Europe. About half name megacap AI as their top pick, and 80% expect equities to outperform bonds or commodities over the next 3-6 months, though concerns about concentration, overheating, and earnings optimism linger.
Android 17: Still an OS at heart, but marketed as an intelligence system
Google used its IO edition to frame Android 17 as an 'intelligence system' powered by Gemini, promising AI-driven automation and smarter features across apps and services. The shift is largely marketing: Android remains an OS at its core, albeit with deeper Gemini integration. The real impact will depend on whether these features ship reliably and meaningfully.
Commencement Boo: Schmidt's AI Optimism Meets Grads' Resistance
Ex-Google CEO Eric Schmidt was booed at a college graduation after praising artificial intelligence, a moment captured by 404 Media that highlights growing graduate skepticism toward AI. The episode, echoed by earlier pro-AI speeches, is framed as a potential barometer for rising populist attitudes toward AI, labor, and public life as graduates enter a job market already shaped by automation.
Vatican Forms AI Commission to Guide Church Ethics and Policy
The Vatican announces a new AI commission to coordinate the Catholic Church’s response to artificial intelligence, focusing on human dignity and social teaching as Pope Leo XIV prepares an encyclical that emphasizes ethics in AI.
AI flood tests the limits of bug-bounty schemes
Bug-bounty programs are being flooded with AI-generated, low-quality reports—Curl and Nextcloud have paused programs, and HackerOne reports a 76% surge in submissions with only about 25% legitimate—driving stricter checks and AI-assisted triage, as experts say AI will aid human researchers but not replace them.
AI Adoption Tilt: Experience Wins in the Job Market
The Oliver Wyman survey shows more than 40% of CEOs plan to cut junior roles in 1–2 years, shifting hiring toward mid- and senior-level staff as AI expands, while Harvard research indicates junior positions shrink with AI adoption but senior roles stay stable—a dynamic that could raise concerns about future experienced-talent shortages.
AI Is Quietly Reducing American Desk Jobs, Data Reveal
New Bureau of Labor Statistics data show AI-related occupations fell slightly overall in the year ending May 2025, with customer service roles dropping sharply, underscoring a trend where AI exposure is starting to erode certain desk jobs even as overall employment grows.
Arizona graduation scene as Schmidt warns grads to shape AI’s future amid boos
Former Google CEO Eric Schmidt faced boos at the University of Arizona’s commencement while warning that AI will reshape the job market and society, urging graduates to actively influence how the technology is used despite fears of automation and disruption to entry-level work.
Pope Leo XIV to Integrate AI Ethics into Catholic Social Teaching
Pope Leo XIV, ahead of his encyclical Magnifica Humanitas, is expected to add an AI-focused dimension to Catholic social teaching, offering moral guidance on artificial intelligence and digital transformation while stressing human dignity and transcendence; scholars frame this as a modern continuation of Rerum Novarum, with the Pope urging Catholic students in Africa to become pioneers of a new humanism in the digital age.