Bloomberg Technology
Big Job Cuts Come Ahead of Big Tech Earnings
Microsoft and Meta have announced plans that could reduce their workforces by thousands ahead of releasing their quarterly earnings later this week. Sarah Franklin, CEO of the human resources platform Lattice, says “Tokenmaxxing”, AI use and large job cuts aren’t the right things to focus on to free up capital. She joins Ed Ludlow on…
Bloomberg Technology
Crusoe CEO: Data Center Indusry Has a ‘Marketing Issue’
Crusoe CEO Chase Lochmiller discusses the AI infrastructure company’s nearly $4 billion in fresh funding sending its valuation to almost $31 billion. He also discusses how it will fuel the company’s push to build AI infrastructure spanning data centers, cloud computing and managed AI services. He says Crusoe could eventually enter the public markets and…
Bloomberg Technology
Former FTC Technologist Warns Against an AI ‘Cartel’
As frontier AI labs seek greater coordination on safety, Neil Chilson, Head of AI Policy at the Abundance Institute and former FTC Chief Technologist, warns that government-backed antitrust exemptions could create a durable “cartel” that ultimately harms competition. He argues companies can collaborate on safety standards without suspending antitrust rules, and that existing consumer-protection and…
Bloomberg Technology
Anthropic Investor Franklin: AI Safety Concerns Won’t Slow Spending
Calls to “pace” development at the AI frontier are unlikely to translate into a slowdown in infrastructure spending, according to Sara Araghi, Franklin Templeton Portfolio Manager and Franklin Venture Partner. She argues that even if labs temper some model training, growing inference demand will continue to require enormous amounts of compute. Araghi also discusses why…
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@city-blue-cat
April 27, 2026 at 4:08 pm
Big tech companies cut a lot people who are not nerds in her team. If these aren’t able to train their people in AI, which kinds of companies can do? Back to be schoolers? 😅
@NathanGWright
April 27, 2026 at 6:09 pm
The spending is creating jobs outside big techs’ organizations. Is the spending creating more jobs in construction, chip manufacturing, energy, etc offsetting jobs within Facebook and others? I do not have the answer but I’ll likely research it on AI.
@LoveYaJSR
April 27, 2026 at 6:48 pm
i think so for sure yea electricians getting highest pay now its time for trades