Coinbase is cutting 14% of its workforce as CEO Brian Armstrong pushes the company to become leaner, faster, and more focused on artificial intelligence. The layoffs are expected to affect about 700 employees, based on the company’s reported workforce size of 4,951 at the end of 2025. Armstrong said the decision comes as Coinbase faces two major pressures at once: a weaker crypto market and the rapid rise of AI tools that are changing how companies operate. In a letter to emp

Anthropic, the company behind the Claude AI assistant, is reportedly considering one of the largest private funding rounds in technology history. The AI startup has received several preemptive offers to raise around $40 billion to $50 billion at a valuation between $850 billion and $900 billion. If completed, the deal would more than double Anthropic’s previous valuation of $380 billion from February and could place it at or above OpenAI’s recent private market valuation. Inv

Customers Bank CEO Sam Sidhu made an unusual announcement during the company’s first-quarter earnings call: the prepared remarks analysts had just heard were not read by him, but by his AI clone. Sidhu described it as a potential first for a public company earnings call and used the moment to highlight a much larger shift happening inside the bank. Customers Bank, a $25.9 billion asset lender focused on startups and small businesses, is now moving deeper into artificial intel

BMO is expanding its technology ambitions with a new enterprise wide initiative focused on artificial intelligence and quantum computing, highlighting how seriously major banks are treating the future of innovation. The bank has launched the BMO Institute for Applied Artificial Intelligence & Quantum, a new organization that will oversee AI innovation, application, governance, and the development of quantum capabilities across the business. BMO says the institute is meant to

Meta and Microsoft are the latest major technology companies to show how deeply artificial intelligence is reshaping the industry. Meta announced that it will cut about 8,000 workers, which is around 10 percent of its workforce, as the company continues pouring money into AI infrastructure and expensive AI talent. The cuts are being presented as part of a larger effort to improve efficiency, reduce costs, and create more room for new investments in other parts of the business

Warren Buffett may no longer be leading Berkshire Hathaway, but artificial intelligence is still playing a major role in the company’s future. After Buffett retired as CEO on Dec. 31 following roughly six decades at the helm, Greg Abel took over responsibility for Berkshire’s $313 billion investment portfolio. That handoff also included major exposure to AI through three key holdings: Apple, Alphabet, and Amazon. Together, those positions represent about $64 billion in invest

Constellation Software is trying to reassure investors that it can handle the growing disruption artificial intelligence may bring to the software industry. On its latest earnings call, president and CEO Mark Miller said the company is taking AI very seriously, but believes it is in a strong position because its businesses are built on something deeper than just coding speed. Constellation owns hundreds of software companies serving niche industries with mission critical prod

Artificial intelligence is transforming nearly every industry, and venture capital may soon face disruption as well. For decades, venture capitalists have played a critical role in identifying promising startups, investing early, and helping founders grow their companies. Now, however, the same AI technologies that investors are funding may challenge the traditional venture capital model itself. As machine learning tools become capable of analyzing startup data, evaluating ma

Artificial intelligence may be approaching a turning point far sooner than many businesses, investors, and governments expect. According to recent research highlighted by Morgan Stanley, the first half of 2026 could bring a dramatic leap in AI capabilities that reshapes entire industries. The investment bank warns that rapid advances in computing power and model training are pushing large language models toward a new level of performance, potentially triggering a wave of econ

MyFitnessPal has acquired Cal AI, the viral AI powered calorie tracking app built by teenage founders, marking one of the most notable consumer AI deals of the year. The acquisition follows months of pursuit and reflects a broader shift in health tech, where legacy platforms are increasingly buying fast growing AI native startups rather than attempting to rebuild their own systems from scratch (Bort; The Tech Buzz). Cal AI was founded by Zach Yadegari, now 19, who began build