Stories from San Francisco · United States

San Francisco's Department of Children, Youth, and Their Families launched the 'Inclusion Jumpstart Series' to change systems for young people. Charisse Dorsey-Smith, head of the department, stated that inclusion should be the norm, not an exception.

Bloomberg reports that major US technology companies have laid off more than 50,000 employees since the start of the year. The job cuts are attributed to workforce optimization and the replacement of human resources with artificial intelligence. Pavel Kulakov, founder and CEO of Oxygen, stated that the labor market is changing faster than typical job candidates can adapt. Approximately 50,000 employees have been laid off by US technology firms. This development impacts the tech sector. Several major US technology firms have announced a combined total of 50,000 layoffs related to artificial intelligence initiatives. The Springer Group is discussing double-digit layoffs. Several technology companies in the United States have announced layoffs. The exact number of affected employees was not specified.

Elon Musk revealed outside a courthouse that xAI is being folded into SpaceX. This move integrates the artificial intelligence company into the aerospace firm.

Changpeng Zhao (CZ) has announced the relaunch of Binance.US to provide American users with access to global crypto liquidity. The move follows perceived positive changes in the U.S. regulatory environment.

Atari has acquired the rights to five titles within the Wizardry classic RPG franchise. The company intends to develop remakes and new releases based on these intellectual properties. The company is teasing further unannounced projects, suggesting new developments in their gaming portfolio.

Swiss pharmaceutical group Roche has agreed to acquire US-based AI diagnostic tool maker PathAI. The deal is valued at up to $1.05 billion, including $750 million in upfront payment, with a projected close in the second half of 2026. No new details provided in current feeds.

Stablecoin and real-world asset (RWA) lending platform OpenTrade has secured $17 million in funding. The investment round was led by Mercury Fund and Notion Capital.

An artificial intelligence agent was defrauded of $200,000 through a hack that exploited a tweet. The hack utilized a tweet to facilitate the draining of funds. New reports suggest Bitcoin may be vulnerable to quantum attacks, contributing to recent market volatility.

Moonshot AI, a startup company, has successfully raised $2 billion in funding. Anthropic reported a surge in annualized revenue, growing 80-fold in Q1. Anthropic's annualized revenue has reportedly surged 80-fold in Q1. No new specific details provided in current feed.

Immigration Judge Kyra Lilien filed a lawsuit against the U.S. Department of Justice and Acting Attorney General Todd Blanche.