Wix is facing one of the most difficult periods in its history as the company prepares to cut approximately 1,000 jobs, or around 20% of its workforce, following disappointing financial results and a dramatic decline in investor confidence. The layoffs, expected to be the largest in the company’s history, come as Wix struggles to adapt to a rapidly changing technology industry increasingly shaped by artificial intelligence. After years of growth as a website-building platform

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

OpenAI is reportedly working on a new large language model codenamed “Garlic,” a move that signals just how quickly the competitive balance in AI can shift. According to reporting based on The Information, OpenAI’s Chief Research Officer Mark Chen told colleagues the model has been testing strongly inside the company, especially on coding and reasoning tasks, where it was described as performing well against Google’s Gemini 3 and Anthropic’s Opus 4.5. (Bakolia; “OpenAI De