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American Express is cutting about 5% of its global workforce and taking a $336M restructuring charge. Chief executive Stephen Squeri told analysts about the cuts on Friday, CNBC’s Hugh Son reported. The company had almost 77,000 employees at the end of 2025, according to CNBC.
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Artificial intelligence has delivered “zero financial payoff” to corporate America outside the tech sector. That is the finding of Torsten Slok, chief economist at Apollo Global Management, in a note on Saturday.
A new NIST, CISA, and NSA guide treats runaway agents as incidents to be rehearsed. The hard part of the response is answering whose authority the agent used, and that answer has to exist before the incident does.
Today, I’m talking to Kevin Roose, journalist and author of the new book The AGI Chronicles, which details the recent and explosive transformation of the AI industry.
The Magnificent Seven are galloping off with the profits, while the rest of the S&P 500 see no benefit, claims Apollo
The company may be valued as high as $2 trillion.
Anthropic has filed its S-1 prospectus with the Securities and Exchange Commission, preparing the company behind Claude to beat OpenAI to the punch with an IPO. In a filing with the SEC, Anthropic said it plans to list on the Nasdaq exchange under the ticker symbol “ANT.”
Amazon has pledged 30,000 entry-level jobs in the UK by 2030 for young people from the areas with the fewest opportunities. The roles start at £15.10 an hour, more than £31,000 a year pro rata, and need no CV or work experience, Amazon said in its announcement.
Verizon raised its forecasts for 2026 on Monday after a strong quarter for new phone customers. It also announced a deal worth more than $2bn with Amazon Web Services (AWS) to support AI workloads.
Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, including a new AI institute built with Anthropic, Google, Meta and OpenAI. At the launch, its chief executive said there is very little that needs the frontier models those partners build.
Sam Altman says patching software flaws one by one will no longer keep up with AI-driven attacks. The OpenAI chief executive spoke to students at Stanford Graduate School of Business last week. Defenders will need a new kind of shield, he said, built with the same AI.
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