The class divide is widening in Silicon Valley as a tiny group of employees is landing unprecedented packages for AI skills, while many others struggle to find work. The have-nots are doing everything that used to guarantee great jobs — refreshing resumes, optimizing LinkedIn profiles and doing interviews — but companies are much more picky these days. The tech jobless are rethinking their lives. Some are taking pay cuts, others are leaving tech. Some are going back to study or launch startups. Some have retired....

Since 2022, more than 815,500 tech workers have been laid off, according to Layoffs.fyi, a website that tracks job cuts. The tsunami of pink slips surged in 2023, when companies that had gone on hiring sprees during the COVID-19 pandemic began to cut back. From January to April, U.S. tech employers announced 85,411 job cuts this year, up 33% from the same period last year, according to global outplacement and executive coaching firm Challenger, Gray & Christmas. The Public Policy Institute of California estimates that the number of information jobs — which includes jobs in hard-hit Hollywood as well as tech — tumbled 17% between the middle of 2022 and this February. The San Francisco Bay Area has been hardest hit, the institute said in a recent report, with the number of jobs declining by 0.4%, compared with 7.5% growth over a similar time span before COVID-19 slammed into the U.S. economy.

Tech layoffs are also spilling over into other industries. Automaker General Motors laid off roughly 600 workers in its information technology department, and Walmart is reportedly laying off or relocating roughly 1,000 workers in its technology and products teams. Recruiters say companies have become much more selective, requiring AI skills, combining different positions and interviewing more people for each job. “You’re seeing elongated hiring cycles,” said Robert Lucido, senior director of strategic advisory at Magnit, a California company that helps tech giants and other businesses manage contractors, freelancers and other contingent workers. “There’s more opportunity to fill the need that they truly want.”

Paul Flaharty, district president at staffing firm Robert Half in Los Angeles, said companies are laying off workers, but also creating new roles tied to AI initiatives. “For individuals that are displaced, it’s really important that they find ways to upskill themselves so that they can make themselves as attractive as possible for these new jobs that are being created,” he said. Kira Martins was already taking on more work in a small team at Snap — the parent company of disappearing messaging app Snapchat — when she was laid off in April. The company said the layoffs were to cut costs as it focuses on profitability, noting how employees are using AI to “reduce repetitive work, increase velocity, and better support our community, partners, and advertisers....” Martins, a 36-year-old Los Angeles resident, views AI as a tool and is optimistic about finding her next role. People still need to decide how to use AI and check the work it generates, she said. “In tech, you want to be a first adopter, because if you don’t move quickly, it’s very easy to become irrelevant,” she said. “Everyone’s kind of hopping on the AI train.”

The strongest reaction was seen in energy markets. U.S. crude oil futures for July delivery were down 4.77% to $80.83 per barrel by 8:27 p.m. ET. Brent futures, the international benchmark, for August delivery traded about 4% lower to $83.77 per barrel. Asian equities surged. South Korea’s Kospi jumped 5.1%, Japan’s Nikkei 225 climbed 3.6%, and the broader Topix advanced 2.6%… The U.S. dollar index weakened 0.32% to 99.483, while the yield on the benchmark 10-year Treasury note fell 5 basis points to 4.423%, suggesting that investors were dialing back inflation concerns on easing energy prices. “The most immediate implication is a repricing of the inflation risk premium that markets have been carrying since the Strait closed,” said Billy Leung, investment strategist at Global X ETFs…

Besides safe-haven Treasurys, gold also rose. “Gold is the interesting outlier here,” Leung said. “In a clean risk-on trade, gold should be selling off as the geopolitical premium unwinds, but it is holding bid around $4,300, which tells you the market is not fully trusting the deal yet.” Spot gold prices were up almost 2% at $4,302.19 per ounce. That skepticism reflects lingering uncertainty around the agreement, which remains unsigned and subject to implementation risks. [Josh Gilbert, lead Asia Pacific analyst at trading platform eToro] cautioned that “the deal isn’t actually signed until June 19th, the details are still thin, and this conflict has shown more than once that headlines can turn on a dime.”

Analysts at Commonwealth Bank of Australia also stressed that the oil outlook hinges on how quickly shipping and production can normalize. Vivek Dhar, head of commodities and sustainability research at CBA, expects Brent to fall to around $80 a barrel by year-end, assuming the Strait remains open and exports recover. However, he warned that damage to refining infrastructure, the presence of sea mines and uncertainty over tanker traffic could slow the return to normal operations. Even so, he said markets are likely to take comfort from the prospect that oil flows need only recover to around 60%-70% of pre-war levels to restore expectations of a global supply surplus.

For investors, the biggest implication will likely be what cheaper energy means for inflation and central banks. Lower oil prices ease pressure on households and businesses while reducing the risk of a broader inflation resurgence just as major central banks enter a busy week of policy meetings.

The pushback came after Iran’s deputy foreign minister, Kazem Gharibabadi, said the next phase of talks would depend on Washington first fulfilling several obligations, including releasing Iranian funds frozen abroad. The differing accounts underscore a significant gap between how the United States and Iran are describing what must happen before the next round of negotiations can move forward.

Leonardi is one of the co-authors of the new study published by the Work AI Institute, whose contributors include academics from Stanford University and UC Berkeley. The institute is sponsored by AI company Glean… The research surveyed 6,000 digital workers across the United States, the United Kingdom, and Australia between December and January. The report found that we are in a phase of significant personal productivity gains, but few companies are translating these gains into revenue and business growth. While 75% of individuals reported a boost in productivity, only 13% of the organizations say they have seen significant business gains as a result of AI adoption, the survey found…

The reason the boost in productivity sometimes leads to waste, Leonardi said, is the time people spend correcting the bot’s work and gathering the right files, documentation, and tacit knowledge required for it to produce high-quality output. “It’s pretty striking the amount of time and effort people are spending,” Leonardi said. Most employees now spend over six hours a week of their workday babysitting their work chatbots, the survey said. There is a “thick, mostly invisible layer of human labor holding the whole thing together,” the report said. The survey found that for every hour a worker spends getting useful output from AI, they spend roughly another hour making it usable. Of the total time workers spend interacting with AI each week, 37% goes to botsitting, 36% to actually using the tool to produce work.

Part of the reason so much time disappears into botsitting is how often the tools fall short: Workers report that more than a third of AI sessions fail outright, requiring a full restart or substantial rework. Paradoxically, as more workers hand over bigger parts of their jobs to AI, they are offloading personal judgment and responsibilities to the bots. The survey found 41% of workers say they sometimes deliver AI-generated work they couldn’t explain if asked… “I think what’s happening with a lot of these Gen AI tools right now is we’re essentially expecting individual contributors to act as managers,” Leonardi said. “They’re just managing these AI tools, AI agents, and we’re expecting that they’ll be able to produce way more, but we’re not taking into account all of the work that actually goes into managing.”

This problem isn’t likely to go away.

• AI watermarking — “AI-generated or edited images can now carry a visible Copilot watermark. You choose Never, Always, or Ask Every Time in Settings, with a confirmation when saving. The watermarking is off by default in settings.”

Calculator (version 11.2605.9.0):

• More accurate square-root results. “Fixed rare cases where a calculation that should equal zero (like sqrt(2.25) — 1.5) returned a tiny leftover value instead....”

• Reliable launch after upgrading. “Fixed an issue where upgrading from much older versions could leave outdated settings that stopped the app from opening…”

The Clock app (version 11.2605.9.0):

• “Timers keep counting after they hit zero — When a timer runs out, it now keeps counting up (for example, -00:27:31) so you can see how far past the time you’ve gone…”

• “Correct sun and moon icons during midnight sun — Fixed an icon that wrongly showed a moon during all-day daylight in polar regions… "

• “No more double announcements — Screen readers no longer read the timer value twice.”

Media Player (version 11.2605.14.0).

• “Playlists need a name — You can no longer accidentally save a playlist with a blank name.”

Appearing before the Science, Innovation and Technology Committee this week, three researchers spent much of the session explaining that concern and evidence are not quite the same thing. Asked what evidence exists on the impact of digital devices on infants and young children, Professor Denis Mareschal, director of the Centre for Brain and Cognitive Development at Birkbeck, replied: “There is very little, if any, causal research in the early years. Almost everything is correlational.”

MPs kept coming back to the question — and the experts kept coming back to the same answer. When questioned about social media’s impact on adolescents, Professor Sarah-Jayne Blakemore of the University of Cambridge was equally cautious. “What evidence do we have of the impact of digital devices or social media on the adolescent brain?” she asked. “Almost nothing. There are a few small studies, but they haven’t been replicated, and they’re purely correlational....”

MPs also wanted to know whether neuroscience could settle one of the liveliest arguments in the debate: how old a child should be before they’re allowed onto social media. “What neuroscience can’t do is pinpoint a precise age,” Blakemore said. “The individual differences in brain development are vast....” If there was a takeaway from the hearing, it was that concern about digital childhood is running well ahead of the evidence needed to settle the argument.

“It’s my first film that will be considered science fiction that I do not consider to be science fiction,” Spielberg said in a recent interview. “It’s much more reflective of the world as it is evolving and discoveries that are being made as we speak.” Spielberg, at 79, is trying to revive and reconsider the alien wonder that’s long lingered in his mind, from “E.T.” to “War of the Worlds.” “Disclosure Day,” Spielberg’s first summer movie in a decade, is already being hailed as one of his best in years. But this time, Spielberg is testing whether he can conjure some of his trademark movie magic less with imagination than with conviction. “I’ve been a believer since I made ‘Close Encounters’ 50 years ago,” Spielberg says. “But I would always say: Until I’ve seen a UAP or a UFO with my own eyes, I’m not going to categorically state that life from out there has come here. But I’ve changed that,” he adds. “I’m now willing to change my mind because of the circumstantial evidence which is overwhelming…”

Spielberg, having long followed reports of alleged alien encounters, was inspired by the 2023 House Subcommittee on National Security hearing on UAPs: Unidentified Anomalous Phenomena. Among the witnesses was whistleblower and former Air Force intelligence officer David Grusch, who testified that the government concealed a program investigating UAPs. The Pentagon then denied it… Those 2023 testimonies and others so fueled Spielberg that he produced a 50-page treatment on what would become “Disclosure Day.” During the writing process with Koepp, he texted him more notes, he says, “than I’ve ever sent to anyone in my life.”

“There was a period in there where I believe he re-read the script every single day for a year,” Koepp says. “We’d be in different time zones and I would wake up to 30 or 35 texts from his most current reading of the script. When the leader of the project has that level of commitment, it tends to bring along everyone. You up your game.”

The filmmaker may be staging a pulpy campaign with this sci-fi throwback, but he sincerely seems to believe the truth is out there — and will set us free… [W]hile the quality of his output can vary wildly when you look at the big picture of his career, there’s still a baseline of love — for filmmaking, for storytelling through images, for giving people an experience that pushes emotional buttons and taps adrenal glands — that gives his work a sense of vitality and displays the sensibility of an artist at work…

There’s also a weird full-circle feel to it, and not just because he’s returning to the fertile ground of Close Encounters and his other science fiction spectacles. You can see traces of everything from Duel to Minority Report show up, to the point where this almost doubles as a career retrospective in miniature… Yes, Spielberg does believe that we are not the only game running in the cosmos. But he also believes that our better angels have not left the building, and that movies still have the power to communally blow minds and open hearts.

Wang’s big accomplishment was the delivery of the Muse Spark AI model in April, marking Meta’s first jump into proprietary foundation models and away from a strict adherence to open source, or open weight as it’s more commonly called in AI… “Meta needs to provide more proof points of both adoption and commercialization,” said Ralph Schackart, an analyst at William Blair who recommends buying the stock. “Investors are looking for Meta to monetize a new AI-first product, beyond the substantial positive impact AI is having on enhancing the advertising models.” Wall Street, at least so far, is unimpressed. Meta’s stock is down 18% over the past 12 months, the worst performer in the megacap group, along with Microsoft, which has its own challenges in AI. That’s even after Meta reported 33% revenue growth in the first quarter, the fastest rate of expansion for any period since 2021.

For Meta, the problem started with what some industry experts called, in hindsight at least, a strategic blunder. The company jumped into AI with its Llama family of models, offering an open-source approach that allowed developers to freely tinker, while the other big model makers charged for access. In April of last year, Meta’s release of Llama 4 fell flat, failing to captivate developers and leading Zuckerberg to reconsider his company’s approach to AI development… Since the release of Muse Spark, Meta has unveiled new AI and business-related subscription plans as part of an effort to expand its business beyond online ads. Historically, it hasn’t worked. Meta still counts on ads for 98% of revenue. Schackart said he wants to see “tangible evidence of a growing list of new, AI-first products created by Muse Spark, even if monetization lags.” He said that’s “what investors are looking for.”

No matter how good Wang’s model may be, Zuckerberg has a high hill to climb with developers coming off the Llama debacle. “I think the AI community largely ignores Meta at this point,” said Rob May, CEO of the startup Neurometric, which works in the realm of token engineering.... Krish Subramanian, the CEO of consulting firm KOI AI and former product head at IBM Consulting, said developers are more excited about Google’s AI models than what Meta is offering. The appeal of Llama was that it specifically targeted developers wanting open-weight alternative models, while with Muse Spark, Meta has made little effort in that direction, he said. “The lack of developer trust will come back to hit them if they don’t focus on third-party developers,” Subramanian said, noting that it took years for Microsoft to regain trust from open-source coders during the early days of Azure. “To just focus on a walled-garden kind of an ecosystem and ad revenue as the main source of income, they probably will never become the big player,” he said.

A Meta spokesperson pointed to Wang’s recent comments about the company’s continued support for the open-source ecosystem, and said Meta still plans to offer outside developers access to Muse Spark’s underlying technology via an API, as it previously announced. “We’re already testing with some early partners, and look forward to releasing it this month,” the spokesperson said.

The AMD R600 Gallium3D driver saw 59 commits [last] Sunday to Mesa 26.2. Making this code restructuring and code cleaning all the more notable is that the improvements to this old AMD Radeon graphics driver was done in part by GitHub Copilot.

Gert Wollny has been among the few open-source developers left working on the AMD R600g driver that covers from the Radeon HD 2000 series through Radeon HD 6000 series graphics cards… [T]he old open-source GPU driver support is being assisted by AI long after the upstream vendor has stopped working on this driver — the Radeon HD 2000 “R600” series launched in 2007.

It is called the Genesis Mission, and the idea is to connect the country’s 17 national laboratories, their supercomputers, scientific datasets, and a growing layer of AI models and agents into one system researchers can access. The DOE has taken to calling it ‘a national operating system for science.’ That means treating compute, data, and AI models the way the country treats power lines and highways, as shared national plumbing everyone else builds on top of.

If it works, Genesis will change how scientific work gets organized, checked, and scaled, with AI helping run the whole pipeline from hypothesis to simulation to experiment and back. The pitch is that this is better understood as infrastructure policy than as another research program. Genesis is now moving from announcement into execution. President Trump signed the executive order launching it in November 2025. This past February, the DOE published 26 science and technology challenges for the program, and in March it opened a $294-million call for research teams in fields like nuclear energy, quantum information science, semiconductors, and biotechnology.

The program is also beginning to reach beyond U.S. borders. In June 2026, Japan moved to become Genesis’s first international partner. The two governments plan to invest a combined $1 billion over five years, with Japan contributing $500 million toward joint work in quantum technology, nuclear fusion, and biotechnology. The stated goal is staying ahead of China in the fields where AI is advancing fastest. The open question is whether a federated platform this big can actually work, or whether it ends up as one more expensive coordination exercise.

The company filed a new lawsuit on Friday in a California court against the makers of Project Ascension, alleging copyright infringement, Digital Millennium Copyright Act violations, and other claims. Blizzard Entertainment claims that Project Ascension is a “lucrative way to exploit and profit from the popularity of the WoW game experience,” according to the complaint, obtained by Aftermath. Blizzard Entertainment’s lawyers say in the complaint that Project Ascension purports to have “over a million players.” Lawyers write that the developers have “distributed (and are continuing to distribute) millions of pirated copies of Blizzard’s copyrighted WoW game software.”

They also allege that Project Ascension‘s servers are hosted on Russian “bulletproof” servers with Aeza Group, a company that was sanctioned in 2025 “for its role in supporting cybercriminal activity targeting victims in the United States and around the world,” per a U.S. Department of Treasury press release… Project Ascension lets players combine pieces of World of Warcraft‘s different classes to build unique characters. It’s free-to-play, but players can purchase in-game currency, Donation Points, to buy things in-game, such as cosmetics and experience boosts. Blizzard Entertainment’s lawyers assert that Project Ascension has made “millions of dollars from the sale of Donation Points....”

Blizzard Entertainment successfully sued a popular World of Warcraft server called Turtle Wow last year. The project had been running since 2018, taking donations from players for the free-to-play server. Both sides announced in April 2026 that they’d reached a settlement after Blizzard Entertainment was awarded a permanent injunction to shut down Turtle WoW. The details of the settlement were not made public. Turtle WoW was shut down for good shortly after May 15; players gathered online to mourn the end of the server.

While previous bitcoin selloffs were often followed by large rebounds in price, the latest decline may prompt some investors to revisit why they own bitcoin in the first place, [says Daniel Sotiroff, associate director of ETF and Passive Strategies Research at Morningstar]. Here’s what he and other experts have to say about the case for holding crypto, and how much exposure is appropriate for the average investor…

Not all financial professionals agree bitcoin belongs in a portfolio. Bitcoin differs from stocks, bonds and real estate because it doesn’t generate earnings, interest payments or rental income that investors can use to estimate its value, says Robert Johnson, a finance professor at Creighton University. Instead, its price is largely determined solely by investor demand. “You cannot invest in Bitcoin, you can only speculate,” he says.

Sotiroff agrees that bitcoin is difficult to value using traditional financial metrics. “The best analogy I’ve heard is that it’s more like a collectible, because it’s basically worth what other people are going to pay for it,” he says.

On paper, this looks like a manageable upgrade cycle. In practice, it creates a collision of timelines that most enterprises have failed to forecast. Organizations attempting to modernize incrementally — moving application by application, version by version — are operating on a model that the calendar has already rendered obsolete… [W]hen every major Java version expires in the same compressed window, sequential planning collapses. By the time this becomes obvious, organizations will be forced into reactive mode, making rushed decisions under extreme pressure.

For organizations planning traditional stepwise upgrades — Java 8 to Java 11 to Java 17 to Java 21 — this convergence elevates a routine maintenance task into a structural crisis. Enterprises with large Java estates will be forced to upgrade multiple applications across multiple versions simultaneously to maintain security compliance and business continuity.

A criminal investigation has begun after a police officer allegedly used AI to create evidential material in a “number of cases”. Derbyshire Constabulary said an officer was being investigated over an allegation of suspected perverting the course of justice. The Crown Prosecution Service (CPS) confirmed it was engaging with defence lawyers and the courts over potentially affected cases…

It is the first known allegation of AI misuse by police in a criminal case in the UK, but it follows an incident last year in which West Midlands police relied on AI-generated material that fabricated a match involving Maccabi Tel Aviv. The material was used in intelligence supporting a proposed ban on away fans at the club’s match against Aston Villa.

Without a pen and paper handy, he was stuck texting the idea to himself. The problem? Eggers doesn’t own a smartphone. “It takes 20 minutes to write a sentence,” Eggers said… It’s a funny predicament for Eggers, given that he’s arguably the city’s biggest proponent of the written word… Now age 56, Eggers’ latest book is called "Contrapposto"…

On writing days, Eggers bikes to his sailboat docked near the Golden Gate Bridge. He writes using a hefty 1998 Mac that has never been connected to the internet. On the boat, he keeps “banker’s hours,” working 9 to 5 without any meetings or interruptions except for the occasional wildlife visit. “You’re there with the cormorants and the occasional porpoise and sea lions and seals, and when you want to take a break, you walk around and you’re in the thick of it, one of the most beautiful spots on Earth,” he said. “Especially coming from the Midwest, it never gets old.”

Given Eggers’ decidedly low-tech existence, it’s not surprising that the current state of San Francisco gives him pause, but there’s a streak of hope that underlies his concerns. He abhors the growing surveillance technology that’s gripping the city, refusing to get into Ubers that use recording devices, but he feels a well-written ballot measure about Flock cameras could potentially save our dwindling privacy. ChatGPT’s effects on the art of writing are demoralizing, but he welcomes that teachers are re-embracing pencil and paper, with cursive making a big comeback. The wave of artificial intelligence ads blanketing bus stops imploring companies to stop hiring humans are so over the top, they’d sound cliché if he were to include them in one of his dystopian tech industry novels like “The Circle” or “The Every,” but tech philanthropy has helped many of his projects flourish.

Case in point, Art + Water, a new art space scheduled to open next year on Pier 29 funded largely by art world donations… Co-founded with the artist JD Beltran, the space is slated to operate as an old-school apprenticeship system, hosting 10 artists in residence mentoring 20 students, all free of charge… The ultimate goal is to break down the financial barriers that keep students from pursuing art.

The Trump administration’s decision to halt all foreign use of Anthropic’s most capable AI models was prompted by conversations between Amazon Chief Executive Andy Jassy and U.S. officials including Treasury Secretary Scott Bessent, people familiar with the matter said.

Researchers at Amazon had used a series of prompts to get Anthropic’s Fable 5 model to provide them with information that could be used to aid cyberattacks and was supposed to be off limits, Jassy told the officials, according to people familiar with the matter. Tech industry executives have been in regular touch with the administration about the power of cutting-edge AI tools. Shortly afterward, White House officials held a meeting to discuss how to respond and security researchers began testing Amazon’s claims. The officials asked Anthropic to fix the vulnerabilities or take down the model, according to administration officials. The officials decided that the most direct way to address that risk was by preventing foreign governments, companies and individuals from accessing the tool, the people said. President Trump later signed off on the action despite reservations about it hindering innovation, a senior White House official said.

The administration had long felt that Anthropic, one of the leaders in America’s AI race, couldn’t be trusted to manage the security risks its new model presented. Friday’s call between some administration officials and Anthropic Chief Executive Dario Amodei reinforced that feeling, the people said…

Anthropic has said that the vulnerabilities like those flagged by Amazon are relatively basic. The company has said that other publicly available models are capable of discovering them and that they don’t represent a full so-called jailbreak, a point of view shared by some security researchers familiar with Amazon’s research.