Block announced a reduction of 40% of its staff as it pivots toward artificial‑intelligence tools. The move comes amid growing concerns that AI could displace jobs across the economy, even as recent U.S. employment data suggest a stabilizing labor market. Block’s CEO Jack Dorsey framed the cuts as a strategic shift despite what he described as a strong financial performance, while the company continues its contrarian focus on bitcoin amid a broader industry trend toward stablecoins. Read more →

A federal judge ruled that xAI has not provided sufficient evidence to prove that OpenAI poached its employees or misappropriated its trade secrets. The court dismissed the claim that OpenAI should be liable for actions taken by new hires before they joined the company, and highlighted the lack of concrete proof that OpenAI acquired, disclosed, or used any confidential information. The decision underscores the challenges xAI faces in substantiating its allegations and signals that the lawsuit will require a stronger evidentiary foundation to proceed. Read more →