Good Morning!
National Pancake Day falling on a Saturday morning that is also the last day of the month is pure perfection. And on that note, this week’s recap is also hot and stacked! 🥞
What You Missed This Week:
1. 🚨 OpenAI secures Pentagon deal as Anthropic faces federal scrutiny
OpenAI has reached an agreement to deploy its AI models on a classified network operated by the U.S. Department of Defense, expanding its role inside national security infrastructure. The move deepens OpenAI’s integration into federal systems at a time when AI adoption in defense is accelerating. In contrast, Anthropic is facing restrictions, with authorities advancing steps to designate it a “supply chain risk” and potentially limiting its use across agencies and future government contracts. (Reuters)
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3. ✂️ Block Laid Off 40% Of Staff Amidst Harder Pivot To AI
Building block or chopping block? The financial technology company behind Square and Cash App is cutting about 4,000 roles which is about 40% of its workforce, as part of a restructuring tied to its AI strategy. CEO Jack Dorsey framed the layoffs as driven by “AI productivity” and said the business is not in trouble . The reductions span multiple divisions as Block reallocates resources toward AI-driven product development and automation. (The Guardian)
4. 💰 OpenAI Raises $110B In Historic Private Funding Round
Is anyone having a better week than Sam Altman? OpenAI announced a massive $110 billion private funding round, backed by Amazon, Nvidia and SoftBank, valuing the company near $730 billion pre-money making it one of the largest private financings in tech history. The capital is tied to expanded infrastructure partnerships (including with AWS) and support for OpenAI’s expanding AI services. (TechCrunch)
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6. 🌐 Microsoft & SpaceX Are Partnering On A Global Connectivity Effort
Starlink is making its way around the world, thanks to Microsoft. SpaceX’s satellite internet service is expanding its connectivity across the globe through its collaboration with Microsoft. The tech giant is already working to connect 450 community hubs in Kenya in alliance with Starlink and a national internet service provider. Once this is actually up and running, we’re about to see the final evolved form of the WFH Pokémon - WorkFromAnywhere. (CNBC)
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