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

Artificial intelligence has become one of the most powerful buzzwords in the modern business world, with companies across nearly every industry rushing to position themselves as part of the AI revolution. But as excitement around the technology continues to grow, so too does skepticism about how genuinely many businesses are using it. A growing number of communications professionals, journalists, and industry analysts are now warning about the rise of “AI washing,” a trend wh

Google is taking another major step in generative AI with the launch of Gemini Omni, a new family of AI models designed to “create anything from any input.” The first model in the lineup, Gemini Omni Flash, focuses on video creation. It can take a mix of text, images, audio, and video, then turn those inputs into a polished video that feels connected and consistent. Instead of simply combining different media together, Omni is built to reason across all of them, using Gemini’

Nvidia is once again showing how central it has become to the artificial intelligence boom. The company forecast second-quarter revenue of $91 billion, plus or minus 2 percent, beating Wall Street expectations of $86.84 billion. Alongside the strong outlook, Nvidia announced an $80 billion share buyback program and raised its quarterly cash dividend from 1 cent per share to 25 cents. Even with those major announcements, Nvidia’s shares slipped in extended trading, showing tha

TD Bank Group is taking a major step into the future of banking with the launch of its first agentic AI model, designed to transform how mortgage and Home Equity Line of Credit applications are reviewed. Announced on May 21, 2026, the new system marks a key milestone in TD’s larger enterprise-wide AI strategy. The bank says this technology will help automate and simplify parts of its Real Estate Secured Lending operations, beginning with the early review process before applic

SpaceX’s long-awaited IPO filing shows a company aiming to be much more than a rocket business. The company, founded by Elon Musk 24 years ago, is preparing to go public on the Nasdaq under the ticker “SPCX” in what could become the largest IPO ever. Reports suggest the offering could raise around $75 billion and value SpaceX at nearly $1.75 trillion to $2 trillion. For investors, the bet is not only on SpaceX’s current success with rockets and satellites, but also on Musk’s

A major literary controversy has unfolded around the 2026 Commonwealth Short Story Prize after several regional winners faced online accusations of using artificial intelligence in their work. The main focus has been Jamir Nazir’s “The Serpent in the Grove,” which won the Caribbean regional category and was published on Granta’s website on May 12. The story, set in rural Trinidad, follows a struggling farmer, a silenced young wife, and a grove that seems to hold buried memori

Amazon’s latest Alexa+ update is turning the voice assistant into a personalized podcast creator. The new feature, called Alexa Podcasts, allows users in the United States to generate podcast-style audio episodes on almost any topic in just minutes. Instead of searching for a show, writing a script, or uploading documents, users can simply ask Alexa+ to create an episode about something they want to learn, follow, or explore. The process is designed to be simple and conversat

Google is bringing smart glasses back into the spotlight with a new generation of AI-powered eyewear built around Gemini and Android XR. At Google I/O 2026, the company showed how its upcoming intelligent eyewear could make everyday tasks more hands-free, combining voice assistance, real-time information, navigation, translation, photo capture, and phone-connected apps into one wearable device. While Google’s first attempt with Google Glass became known for privacy concerns a

President Donald Trump abruptly postponed a major artificial intelligence executive order on Thursday after intense pressure from Silicon Valley leaders who warned the proposal could slow innovation and weaken America’s competitive advantage against China. The move came just hours before a planned White House signing ceremony that would have included executives from some of the world’s largest AI companies, highlighting the growing influence of the tech industry over U.S. AI

Spotify is making a bigger move into artificial intelligence with new tools designed to turn prompts, personal information, and connected apps into private audio experiences. The company is launching Studio by Spotify Labs, a standalone desktop app that lets users create AI-generated podcasts, daily briefings, and playlists using simple chatbot-style prompts. This shows Spotify is not just trying to be a place where people listen to music and podcasts, but also a platform whe

Artificial intelligence is advancing at a pace that even many experts find difficult to fully comprehend, and few recent predictions have captured that sense of acceleration more dramatically than those made by Anthropic co-founder Jack Clark during a lecture at Oxford University. Clark argued that within the next 12 months, an AI system working alongside humans could contribute to a Nobel Prize-winning scientific discovery, marking what could become one of the most significa

Anthropic’s acquisition of Stainless marks another important step in the growing competition around AI developer tools and agent connectivity. As AI moves beyond simple chatbots and into agents that can complete tasks, connect to business systems, and interact with outside software, the tools that help developers build those connections are becoming more valuable. Stainless, founded in 2022 by former Stripe engineer Alex Rattray, specializes in generating software development

A California jury has ruled in favor of OpenAI CEO Sam Altman in a closely watched legal battle brought by Elon Musk, ending one of the most dramatic courtroom clashes in the history of the artificial intelligence industry. The federal jury in Oakland found that Altman, OpenAI, company president Greg Brockman, and Microsoft were not liable for Musk’s claims that they had betrayed OpenAI’s original nonprofit mission for personal and commercial gain. After less than two hours o

Cisco is making a major shift toward artificial intelligence, even as it reports some of its strongest financial results in years. The networking technology giant announced that it is cutting nearly 4,000 jobs, representing less than 5% of its workforce, while also reporting record quarterly revenue and stronger-than-expected earnings. The move shows how major tech companies are increasingly restructuring around AI, even when their overall business performance remains strong.

Qualcomm’s stock took a sharp hit as the semiconductor sector pulled back from a powerful artificial intelligence-driven rally. Shares of Qualcomm dropped more than 11%, marking the company’s worst trading session since 2020. The decline came as investors moved away from riskier growth stocks after a hotter-than-expected inflation reading raised concerns about interest rates and market valuations. The selloff also affected several other chip companies, with Intel falling 7%,

TELUS is moving forward with a major expansion of Canada’s sovereign AI infrastructure through a proposed cluster of artificial intelligence data centres in British Columbia. The project, developed with the Government of Canada and Westbank, is part of the federal Enabling Large-Scale Sovereign AI Data Centres initiative. Its goal is to give Canadian businesses, researchers, startups, public institutions, and government organizations access to powerful AI computing systems wh

Datadog’s latest earnings report has sent a strong message across Wall Street: the artificial intelligence boom is creating clear winners in the software industry, especially among companies that support the infrastructure behind AI systems. The cloud monitoring company saw its stock surge more than 30% after reporting stronger-than-expected results and raising its guidance for the year. The jump marked one of Datadog’s biggest single-day gains since going public and showed i

Ian Crosby is returning to the accounting software world with a bold new startup called Synthetic, a company built around the idea of a fully autonomous AI bookkeeper. Crosby, who previously co-founded Bench Accounting in 2011 and later launched Teal in 2023, is now taking his third major attempt at improving business accounting. This time, his goal is even more ambitious: creating an AI system that can complete bookkeeping and generate accrual-based financial reports without

Anthropic’s Claude is quickly moving beyond the idea of a simple chatbot and toward a future where AI can understand a person’s work, habits, and needs before they even ask for help. Cat Wu, Anthropic’s head of product for Claude Code and Cowork, recently explained that the next major step for AI assistants will be “proactivity.” Instead of only responding when users type a prompt, future AI systems could recognize patterns, set up automations, and help with tasks before user