Tuesday, May 19, 2026
ASX 200: 8,412 +0.43% | AUD/USD: 0.638 | RBA: 4.10% | BTC: $87.2K

Meta

Meta Plans 20% Layoffs as AI Infrastructure Costs Mount
AI

Meta Plans 20% Layoffs as AI Infrastructure Costs Mount

The Facebook parent is weighing cuts to offset spending on AI acquisitions and compute
5 min read a month ago
Meta cuts 168 jobs as Reality Labs pivots to 'AI builders'
Technology

Meta cuts 168 jobs as Reality Labs pivots to 'AI builders'

Virtual reality division restructured into AI-native pods as Zuckerberg doubles down on artificial intelligence
6 min read 2 months ago
Trump Names Zuckerberg, Huang, Ellison to White House AI Council
AI

Trump Names Zuckerberg, Huang, Ellison to White House AI Council

13 tech CEOs appointed to PCAST, Musk and Altman absent
6 min read 2 months ago
Meta's $280 Billion Wipeout Sparks 'Tobacco Moment' Questions
News

Meta's $280 Billion Wipeout Sparks 'Tobacco Moment' Questions

Child safety verdicts and AI spending concerns send investors fleeing as analysts wonder if the social media giant has become uninvestable
6 min read 2 months ago
Trump's War Has Two Problems Money Can't Fix: No Oil, Fewer Missiles
Geopolitics

Trump's War Has Two Problems Money Can't Fix: No Oil, Fewer Missiles

Four weeks into the Iran conflict, the White House faces twin strategic crises that don't care about its messaging.
7 min read 2 months ago
Meta and Google Lose $381M in Child Safety Verdicts
Geopolitics

Meta and Google Lose $381M in Child Safety Verdicts

Two juries in three days find social platforms liable for harm to minors
7 min read 2 months ago
Google Backs Anthropic's $5B Texas Data Center in AI Arms Race
AI

Google Backs Anthropic's $5B Texas Data Center in AI Arms Race

Tech giant offers construction financing for 500MW campus as Claude creator locks in compute capacity advantage over smaller rivals
8 min read 2 months ago
ASX 200 Set to Drop 65 Points Monday as Wall Street Tumbles, Oil Hits $112
Geopolitics

ASX 200 Set to Drop 65 Points Monday as Wall Street Tumbles, Oil Hits $112

Energy and gold stocks may provide shelter as Middle East tensions escalate
4 min read 2 months ago
The Last Sugar Hit: Why China's $120 Iron Ore Rally Is a Trap
Geopolitics

The Last Sugar Hit: Why China's $120 Iron Ore Rally Is a Trap

Prices have surged to $120 a tonne on Beijing's latest stimulus, but beneath the headline numbers, the structure of Chinese demand has fundamentally changed.
5 min read 2 months ago
Google's Agent Smith AI So Popular It Got Throttled
Geopolitics

Google's Agent Smith AI So Popular It Got Throttled

Agent Smith automates coding tasks and works in the background while employees use their phones. Sergey Brin told staff that AI agents will be a 'big focus' for Google this year.
4 min read 2 months ago
David Sacks Out as AI Czar, Joins Billionaire Council
Geopolitics

David Sacks Out as AI Czar, Joins Billionaire Council

The PayPal Mafia veteran's 130-day stint as Trump's crypto and AI czar is over. He moves to PCAST, an advisory body stacked with Jensen Huang, Mark Zuckerberg, Larry Ellison, and Sergey Brin. He'll advise on policy. He won't make it.
5 min read 2 months ago
Amazon Confirms 16,000 Corporate Job Cuts in 2026 Workforce Restructuring
Work

Amazon Confirms 16,000 Corporate Job Cuts in 2026 Workforce Restructuring

E-commerce giant announces largest single layoff of 2026 as part of broader corporate downsizing strategy.
5 min read 2 months ago