AI News Archive: May 8, 2026 — Part 11
Sourced from 500+ daily AI sources, scored by relevance.
- Cloudflare beat earnings, cut 1,100 jobs because AI agents do the work now, and lost a quarter of its stock price in a day
Cloudflare beat Wall Street’s revenue and earnings estimates on Wednesday, announced it would cut 1,100 employees because artificial intelligence agents now do their work, and watched its stock fall 24 per cent on Thursday. The sequence is becoming the template for the technology industry in 2026: record revenue, record layoffs, record doubt about what […] This story continues at The Next Web
- Cloudflare cuts headcount by 20pc for leaner, AI-powered workforce
Cloudflare previously announced plans to hire more than 1,000 interns to 'ramp up' AI use. Read more: Cloudflare cuts headcount by 20pc for leaner, AI-powered workforce
- ‘Today’s actions are not a cost-cutting exercise’: Cloudflare is cutting 1,100 jobs as internal AI usage surges 600%
‘Today’s actions are not a cost-cutting exercise’: Cloudflare is cutting 1,100 jobs as internal AI usage surges 600% IT Pro
- California tech company Cloudflare to lay off more than 1,000 workers, cites AI
The company's stock plunged roughly 18% after it announced the job cuts and forecasted revenue that fell short of expectations.
- Cloudflare To Cut More Than 1,100 Jobs In Latest AI Layoff. Stock Falls.
Cloudflare stock falls on a plan to cut more than 1,100 people as AI use at the cybersecurity firm grows. The post Cloudflare To Cut More Than 1,100 Jobs In Latest AI Layoff. Stock Falls. appeared first on Investor's Business Daily .
- Tech layoffs this week: Cloudflare, Coinbase, Upwork, and others point to AI as they slash jobs
April was not a good month for the tech industry in terms of job losses. Last month, major firms—including Microsoft, Meta Platforms, and Snap—all announced significant workforce reductions. But now, May is not shaping up to be any better. This week alone, news emerged that several major tech companies, including Cloudflare, PayPal, and Coinbase, are set to cut thousands of positions. And yes, you can blame AI for the job cuts—or at least the bosses are. Cloudflare cuts more than 1,100 jobs Yesterday, Cloudflare announced that it was laying off more than 1,100 workers across the globe. That equates to roughly about 20% of the company’s workforce. The announcement came from the company’s cofounders, Matthew Prince and Michelle Zatlyn. The pair published the letter they sent to employees earlier in the day announcing those layoffs. The main driver of the layoffs—as has been with so many tech layoffs lately—is a shift to artificial intelligence in the workplace. In the letter sent to empl
- Cloudflare to fire 1,100 staff whose jobs just aren’t AI enough
Around 20 percent of staff get an ‘In one hour, you might not work here anymore’ email
- U.S. opens probe into startup Avride self-driving crashes in Texas
NHTSA said the vehicles had executed lane changes into other vehicles and failed to avoid vehicles or objects in the road, resulting in crashes.
- U.S. safety regulators open probe into Avride over 16 crashes in Texas
The agency says Avride's autonomous vehicles may have shown excessive assertiveness and insufficient capability on Dallas roads
- US Opens Probe Into Start-Up Avride Self-Driving Crashes in Texas
The National Highway Traffic Safety Administration said Friday it is opening an investigation in a series of crashes of start-up Avride autonomous vehicles that raised questions about the competency of the vehicles. NHTSA said the vehicles’ performance may indicate inappropriate …
- Airbnb's CEO says AI writes 60% of the company's code — and makes managers get their hands dirty
Airbnb's CEO says AI writes 60% of the company's code — and makes managers get their hands dirty Business Insider
- Sony says "efficient" AI tools will lead to even more games flooding the market
But human artists still "must remain at the center," PlayStation maker says.
- Sony Group bets on AI to fuel gaming evolution, CEO says
Sony Group bets on AI to fuel gaming evolution, CEO says Nikkei Asia
- 'We see AI as a powerful tool to help us in this mission' — PlayStation CEO lays out plan to use AI
'We see AI as a powerful tool to help us in this mission' — PlayStation CEO lays out plan to use AI Tom's Guide
- Musk, Altman Management Styles Under Fire at OpenAI Trial
Elon Musk and Sam Altman both took a beating over their leadership styles in court testimony this week as a jury waded further into their OpenAI feud.
- Musk, Altman Management Styles Come Under Fire at OpenAI Trial
Elon Musk and Sam Altman both took a beating over their leadership styles in court testimony this week as a jury waded further into their OpenAI feud.
- Anthropic says it hit a $30 billion revenue run rate after 'crazy' 80x growth
Dario Amodei is not the kind of CEO who talks loosely about numbers. The Anthropic co-founder and chief executive, a former VP of research at OpenAI with a PhD in computational neuroscience from Princeton, has built a reputation for measured public statements — particularly around the financial performance of a company that, until recently, disclosed almost nothing about its business. So when Amodei took the stage at Anthropic's Code with Claude developer conference on Wednesday and offered a genuinely striking piece of financial candor, the room paid attention. "We tried to plan very well for a world of 10x growth per year," Amodei said during a fireside chat with Anthropic's chief product officer, Ami Vora. "And yet we saw 80x. And so that is the reason we have had difficulties with compute." Anthropic had planned for tenfold growth. But revenue and usage increased 80-fold in the first quarter on an annualized basis, a rate Amodei described as "just crazy" and "too hard to handle." T
- Anthropic weighs fundraising for near $1 trillion valuation: Financial Times
AI firm Anthropic is planning a huge fundraising round this summer. This move could value the company at nearly one trillion dollars. Anthropic is looking to significantly boost its computing power. This expansion aims to secure its position against rivals like OpenAI.
- Anthropic approaches $1 trillion valuation as revenue grows fivefold
According to the Financial Times, Anthropic's planned funding round is taking shape. The round aims to raise up to $50 billion, which would value the company at roughly $900 billion. The article Anthropic approaches $1 trillion valuation as revenue grows fivefold appeared first on The Decoder .
- OpenAI’s latest API models bring live translation and transcription to voice apps
OpenAI’s latest API models bring live translation and transcription to voice apps
- OpenAI Releases Three Realtime Audio Models: GPT-Realtime-2, GPT-Realtime-Translate, and GPT-Realtime-Whisper in the Realtime API
OpenAI Releases Three Realtime Audio Models: GPT-Realtime-2, GPT-Realtime-Translate, and GPT-Realtime-Whisper in the Realtime API MarkTechPost
- 😺 OpenAI's GPT-Realtime-2 is coming for call center
PLUS:
- OpenAI has 3 new AI voice models that the ChatGPT maker says will ‘unlock a new class of voice apps for developers’
OpenAI has released new AI models for deep reasoning, translation and transcription.
- OpenAI launches GPT-realtime voice suite for developers
OpenAI has launched new voice intelligence models for its API, enhancing AI-powered voice interactions. GPT‑Realtime‑2 offers advanced reasoning, while GPT‑Realtime‑Translate enables live multilingual conversations. GPT‑Realtime‑Whisper provides instant speech-to-text transcription, moving voice agents beyond simple responses to actively performing tasks.
- Anthropic signs $1.8 billion AI cloud deal with Akamai, Bloomberg News reports
Anthropic signs $1.8 billion AI cloud deal with Akamai, Bloomberg News reports Reuters
- Akamai stock soars 20% on earnings, $1.8 billion AI infrastructure deal
Cybersecurity and cloud computing firm Akamai reported first-quarter earnings on Thursday and saw its cloud infrastructure business grow 40% year-on-year.
- Anthropic Signs $1.8 Billion Cloud Deal with Akamai
Anthropic Signs $1.8 Billion Cloud Deal with Akamai The Information
- Akamai stock jumps on $1.8 billion AI deal with Anthropic
Akamai stock jumps on $1.8 billion AI deal with Anthropic The Boston Globe
- Akamai Stock Leads S&P 500 Today as AI Deal Overshadows Earnings. It Could Be With Anthropic.
Akamai Stock Leads S&P 500 Today as AI Deal Overshadows Earnings. It Could Be With Anthropic. Barron's
- US stocks today: S&P 500 and Nasdaq notch records, boosted by AI and earnings optimism
The S&P 500 and Nasdaq reached record highs, driven by AI-related stocks like Nvidia and Sandisk, alongside a resilient jobs report. Despite broad sector declines, strong first-quarter earnings, particularly from tech giants, fueled investor optimism. This surge occurred despite rising oil prices and Middle East tensions, highlighting the market's focus on corporate performance and economic strength.
- S&P 500 and Nasdaq notch records, boosted by AI and earnings optimism
S&P 500 and Nasdaq notch records, boosted by AI and earnings optimism The Straits Times
- SoftBank cuts target for OpenAI margin loan, Bloomberg News reports
SoftBank cuts target for OpenAI margin loan, Bloomberg News reports Reuters
- SoftBank cuts target for OpenAI margin loan by 40% to $6 billion: Bloomberg News
SoftBank cuts target for OpenAI margin loan by 40% to $6 billion, Bloomberg News reports
- Investors watch SoftBank’s OpenAI funding plans
Investors are also watching whether rising competition and reports of weaker-than-target revenue at the ChatGPT maker will hurt returns.
- AI data center firm IREN’s stock soars after it strikes $2.1B deal with Nvidia
Neocloud company IREN Ltd. has secured a $2.1 billion commitment from the chipmaker Nvidia Corp. as part of a new data center partnership aimed at artificial intelligence workloads. The partners plan to deploy up to 5 gigawatts of Nvidia’s DSX-branded infrastructure in the neocloud company’s global network of data centers. Investors reacted positively to the […] The post AI data center firm IREN’s stock soars after it strikes $2.1B deal with Nvidia appeared first on SiliconANGLE .
- AI Now Drives 26% of US Layoffs as Tech Leads April Job Cuts
AI drives 26% of US layoffs in April
- Tech layoffs climb as AI remains top driver
For the second month in a row, AI led all reasons for U.S. job cuts across sectors in April, accounting for 26% of total layoffs.
- IMF warns AI cyberattacks could trigger global financial crisis
Evermore sophisticated AI-powered cyberattacks could threaten the stability of the global financial system, The International Monetary Fund (IMF) has warned, as regulators race to contain a new generation of threats. In their new report, the IMF said extreme cyber incidents could spark liquidity pressures and solvency concerns across banks and financial institutions. The lender warned [...]
- Elon Musk’s SpaceX plans $55 billion investment to make AI chips
The semiconductor factory, called Terafab, is intended to supply chips to power artificial intelligence for SpaceX and Tesla.
- AI, the Fed, and interest rates
Economists say it is still too early to know if artificial intelligence will justify lower interest rates
- Udemy Expands AI Role Play Capabilities to Advance Immersive, Skills-Based Learning
Udemy today announced expanded capabilities for Role Play, its AI-powered learning experience designed to help learners build real-world professional skills through immersive practice scenarios. The new enhancements include: Greater customization, enabling organizations to tailor Role Play scenarios to specific roles, industries, and skill levels. Immersive video, introducing lifelike AI avatars that make practice more realistic […] The post Udemy Expands AI Role Play Capabilities to Advance Immersive, Skills-Based Learning appeared first on CXOToday.com .
- OpenAI rolls out ‘Trusted Contact’ feature in ChatGPT to flag self-harm risks
The 'Trusted Contact' safety feature notifies the contact by email, SMS, etc., outlining their role when added by a user so that ChatGPT can detect self-harm conversations and alert them. The post OpenAI rolls out ‘Trusted Contact’ feature in ChatGPT to flag self-harm risks appeared first on MEDIANAMA .
- ChatGPT now lets you nominate a Trusted Contact who gets alerted if your interaction with AI 'indicates a serious safety concern'
On top of its existing safety systems, ChatGPT is giving users the option to designate a trusted adult to reach out to.
- ChatGPT’s New Emergency Contact Feature Looks Out for Unsafe Chats
ChatGPT’s New Emergency Contact Feature Looks Out for Unsafe Chats PCMag UK
- ChatGPT’s New Emergency Contact Feature Looks Out for Unsafe Chats
ChatGPT’s New Emergency Contact Feature Looks Out for Unsafe Chats PCMag Australia
- ChatGPT’s New Emergency Contact Feature Looks Out for Unsafe Chats
ChatGPT’s New Emergency Contact Feature Looks Out for Unsafe Chats PCMag
- ChatGPT’s New Emergency Contact Feature Looks Out for Unsafe Chats
ChatGPT’s New Emergency Contact Feature Looks Out for Unsafe Chats PCMag Middle East
- ChatGPT adds alerts for people suffering from a mental health emergency
A new safety feature called ‘Trusted Contact’ comes amid growing concerns about AI pushing people towards mania and psychosis
- ChatGPT's New Safety Feature Could Alert 'Trusted Contact' to Risk of Self-Harm
A designated contact may be notified if a chat discussion indicates a possible safety concern.
- ChatGPT can now alert your ‘Trusted Contact’ in critical moments
OpenAI wants to ensure users get real support when they need it the most.