1,800: Intuit, the company behind popular financial software Quickbooks and Turbotax, announced a mass layoff of 1,800 employees — about 10% of the company — with plans to rehire the same number with a renewed focus on AI. The firm has an AI-powered financial advice tool, called Intuit Assist, in which it plans to invest heavily. That new investment might be necessary: A recent Washington Post review of Intuit’s AI assistant called it “awful” — not only “unhelpful” but also “wrong” much of the time.
1,899: Samsung has a new line of AI-powered foldable phones — and they’re extremely expensive. The Galaxy Z Fold starts at $1,899.99, a $100 increase from last year’s model. This nouveau flip phone boasts AI tools such as voice recording transcription, translation, and summarizing and text suggestions across email and social media apps. AI isn’t exactly a new thing on mobile phones, of course — so hopefully for this price, these new features make Siri look like a bot of the past.
665 million: The chip designer AMD is buying a Finnish startup called Silo AI for $665 million. Silo bills itself as “Europe’s largest private AI lab.” This deal will get AMD into the AI development business — an expansion from its hardware focus — as it tries to compete with industry leader Nvidia.
1.16 million: There are plenty of new millionaires in Taiwan, thanks to AI. Taiwan is a global hub for the semiconductor industry, which has boomed in recent years due to demand for AI. TSMC, its leading firm, is a key global fabricator for computer chips of all kinds. Taiwan’s total number of US dollar millionaires was 790,000 last year and could grow to 1.16 million by 2028, according to a new estimate by UBS.Earlier this month, Microsoft released a new report offering an in-depth look at AI adoption across the United States, with state- and county-level insights for the first time. While more than 30 percent of working-age Americans now use AI tools, adoption remains uneven across regions, with significantly higher usage in urban areas and communities tied to universities. The findings point to a broader challenge: without stronger access to infrastructure, skills, and education, AI’s benefits risk remaining concentrated rather than broadly shared. Read the full blog here.
This November, Republicans could lose the House. They could lose the Senate. Yet Trump appears remarkably unconcerned. In the latest episode of the GZERO Debrief, Clayton Allen breaks down why Trump may care more about his place in history than the outcome of the 2026 midterms.
A video of stabbed 18-year-old Henry Nowak bleeding while police arrested him instead of his attacker has gone viral, and Nigel Farage is using it to fuel claims of a "two-tier" system that discriminates against white people.
Just three months into his presidency, the Chilean leader faces a three-pronged crisis due to soaring energy prices, rising crime, and a failure to quickly fulfill his bold pledges on deportations.