Tech

Oracle cut 21,000 jobs because of AI.

That’s a workforce reduction of about 13 percent over the last 12 months, according to a disclosure filed Monday. And Oracle is hardly alone in at least partially attributing the cuts to AI advancements:

With Starfall, SpaceX eyes an edge in global cargo delivery from orbit

The purpose of Starfall is to support the “transport and delivery of goods through space.”

Private equity’s new vibe check

Buyout investors are recreating software products to gauge their competitiveness

OpenAI pitches ChatGPT ads to Cannes marketers ahead of IPO

Lossmaking AI group is presenting at Cannes Lions advertising conference for the first time

How Kohakutou Candy Hit the Sweet Spot

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Nvidia's Kimberly Powell: We are reinventing the doctor experience

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Eli Lilly Deploys Weight-Loss Cash on ‘App Store’ for Scientists

Mounjaro maker is collaborating with small biotechs on AI as a tool for drug discovery

Can the inside live up to the outside?

Built in 1970, the house had a dramatic modernist facade — but the visual interest stopped at the door. Not any more

The running list: major tech layoffs in 2026 where employers cited AI

A running look — in reverse chronological order — at the bigger tech companies that have announced significant layoffs this year with AI as a stated factor.

OpenAI launches new initiative to help find and patch open-source bugs

OpenAI is attempting to tackle the security issues of the open source software community.

Sakana Fugu Ultra promises to deliver “the very best frontier-level performance” by... using frontier AI models.

Japanese AI startup Sakana has posted benchmark results and beta tester impressions saying that its Fugu models compare favorably with or beat the likes of Fable 5, Gemini 3.1 Pro, and GPT-5.5.

Token Tightening

Plus: An easy way to level up your AI usage, and how Every’s head of growth writes with LLMs