Business
Stories curated for Business
The AI Efficiency Purge: Barclays, Block, and Meta Lead a New Wave of Tech-Driven Layoffs
Barclays, Block, Kroger, and Meta are citing artificial intelligence as the reason for tens of thousands of job cuts, signaling a structural shift where AI becomes the justification for smaller workforces rather than just a product to sell.
Anthropic's Draft S-1: $16.3 Billion in Revenue, an $80.7 Billion Loss, and the Biggest IPO of the Year
A draft IPO prospectus reviewed by the Wall Street Journal shows Anthropic's revenue soaring to $16.3 billion in the first half of 2026, alongside an $80.7 billion net loss driven by accounting charges and up to $750 billion in future compute commitments ahead of a November listing that could value the company at $2 trillion.
The AI Infrastructure Boom Is Entering Its Payback Phase
AI investment is moving into a new phase as data centers, chips and power infrastructure scale rapidly. The key question is whether new AI applications can generate enough value to support the buildout.
TechPulse Daily: AI Agents, India’s AI Push, UPI and Space
Five major stories shaping AI, technology, science, business and India on October 1, 2026, including OpenAI agents, IndiaAI, Crew-13 and UPI.