Financial stress from AI infrastructure spending, overhiring, and recession fears, rather than AI adoption, is likely driving layoffs in the tech sector (Fast Company) https://www.fastcompany.com/91435192/chatgpt-llm-openai-jobs-amazon
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Financial stress from AI infrastructure spending, overhiring, and recession fears, rather than AI adoption, are likely responsible for the economy-wide layoffs
From Fast Company. View the full context on Techmeme.
Barclays: hyperscalers have announced a total of 46 GW of AI data center capacity, which at full utilization will consume as much energy as ~44.2M US households (Robin Wigglesworth/Financial Times)
Client Challenge
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Barclays: hyperscalers have announced a total of 46 GW of AI data center capacity, which at full utilization will consume as much energy as ~44.2M US households
By Robin Wigglesworth / Financial Times. View the full context on Techmeme.
IBM plans to cut "a low single-digit percentage" of its workforce in Q4, affecting thousands of staffers; it employed ~270K workers as of the end of 2024 (Bloomberg) https://www.bloomberg.com/news/articles/2025-11-04/ibm-to-cut-thousands-of-roles-in-focus-on-software-growth
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IBM plans to cut “a low single-digit percentage” of its workforce in Q4, affecting thousands of employees; IBM employed ~270K workers as of the end of 2024
From Bloomberg. View the full context on Techmeme.
Proofpoint says it has "high confidence" that hackers are working with organized crime groups to infiltrate trucking and freight companies to steal cargo (Emily Forgash/Bloomberg) https://www.bloomberg.com/news/articles/2025-11-03/hackers-crime-rings-teaming-up-to-steal-cargo-cyber-firm-says
Techmeme
Proofpoint says it has “high confidence” that hackers are working with organized crime groups to infiltrate trucking and freight companies to steal cargo
By Emily Forgash / Bloomberg. View the full context on Techmeme.
A look at Palantir's four-month "Meritocracy Fellowship" for high school graduates, which offers a path to a job at Palantir without a university degree (Angel Au-Yeung/Wall Street Journal) https://www.wsj.com/business/palantir-thinks-college-might-be-a-waste-so-its-hiring-high-school-grads-aed267d5?st=gaTU1P
Techmeme
A look at Palantir
By Angel Au-Yeung / Wall Street Journal. View the full context on Techmeme.
Microsoft's Q1 earnings, showing that it had a $3.1B net loss from its OpenAI stake, imply OpenAI lost $11.5B during the quarter based on Microsoft's 27% stake (Matt Rosoff/The Register)
Microsoft earnings suggest $11.5B+ OpenAI quarterly loss
updated: Satya has also delivered Sam most of the cash he promised
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Microsoft
By Matt Rosoff / The Register. View the full context on Techmeme.