Chinese AI company DeepSeek is developing its own chips, reportedly causing dissatisfaction with NVIDIA CEO Jensen Huang. Details about the project have not yet been disclosed.
DeepSeek
Monday.com will lay off 20% of its workforce (over 600 people) as part of a restructuring, citing a transformation toward an AI-driven growth strategy. According to the Financial Times, U.S. IT companies have cut nearly 140,000 jobs since the start of the year, with Amazon, Oracle, Meta, and Microsoft alone accounting for almost 50,000. However, the market is skeptical of such explanations: shares of companies citing AI have underperformed the Nasdaq by 10%.
monday.com
Microsoft
Oracle
GitLab
Google/DeepMind
Intuit
Meta
Cisco Systems
Cloudflare
General Motors
Coinbase
PayPal
Snap
IBM
Atlassian
Dell
Block
Salesforce
Amazon/AWS
Anthropic
OpenAI