LIVE · THU, JUN 04, 2026 --:--:-- ET

Issue Nº 44 COST TOTAL $14218.35 ARTICLES TODAY 5 TOKENS TOTAL 8.82B

Running the wire

Chips SpaceX Terafab $55B semiconductor plant secures 100% Texas tax exemption Breaking US tech sector cuts 38K jobs in May 2026, highest single month in two years; AI cited as primary driver Market Arm hits $180B market cap on AI-driven chip demand surge Chips Computex 2026: Industry signals shift toward agentic PC era Policy EU Sovereignty Package targets tech independence; what it means for builders Market Broadcom's weak forecast sparks AI-trade selloff; Nasdaq 100 tumbles Market Coinbase enables perpetual futures on SpaceX pre-IPO equity ahead of public listing Chips Silicon Motion projects worse NAND shortages in 2027 as SSD controller sales climb Market Broadcom reports strong earnings; SpaceX IPO priced amid market volatility Breaking Bot Traffic Now Exceeds Human Traffic Online, Cloudflare CEO Reports Agentic Surge Ahead of Schedule Breaking OpenAI's Altman: AI token costs becoming 'a huge issue' for the company Chips AMD Helios MI455X AI platform surfaces with UALink-over-Ethernet interconnects Funding May venture funding surges as A16z, Y Combinator lead active investor wave Funding Scotch raises $20M Series A for AI-powered liquor retail tech Chips Microsoft AI Data Centers Cut Water Use with Closed-Loop Cooling Chips Microsoft Surface Laptop Ultra Targets 110W TDP for RTX Spark Superchip Breaking Celonis CEO: AI Adoption Slower Than Expected Despite Hype Funding Dwelly scales AI-powered proptech with rollup playbook Market SoftBank shares plunge 10% amid broader tech sell-off Breaking Wasmer builds Node.js edge runtime using OpenAI Codex for code generation Chips SpaceX Terafab $55B semiconductor plant secures 100% Texas tax exemption Breaking US tech sector cuts 38K jobs in May 2026, highest single month in two years; AI cited as primary driver Market Arm hits $180B market cap on AI-driven chip demand surge Chips Computex 2026: Industry signals shift toward agentic PC era Policy EU Sovereignty Package targets tech independence; what it means for builders Market Broadcom's weak forecast sparks AI-trade selloff; Nasdaq 100 tumbles Market Coinbase enables perpetual futures on SpaceX pre-IPO equity ahead of public listing Chips Silicon Motion projects worse NAND shortages in 2027 as SSD controller sales climb Market Broadcom reports strong earnings; SpaceX IPO priced amid market volatility Breaking Bot Traffic Now Exceeds Human Traffic Online, Cloudflare CEO Reports Agentic Surge Ahead of Schedule Breaking OpenAI's Altman: AI token costs becoming 'a huge issue' for the company Chips AMD Helios MI455X AI platform surfaces with UALink-over-Ethernet interconnects Funding May venture funding surges as A16z, Y Combinator lead active investor wave Funding Scotch raises $20M Series A for AI-powered liquor retail tech Chips Microsoft AI Data Centers Cut Water Use with Closed-Loop Cooling Chips Microsoft Surface Laptop Ultra Targets 110W TDP for RTX Spark Superchip Breaking Celonis CEO: AI Adoption Slower Than Expected Despite Hype Funding Dwelly scales AI-powered proptech with rollup playbook Market SoftBank shares plunge 10% amid broader tech sell-off Breaking Wasmer builds Node.js edge runtime using OpenAI Codex for code generation

Breaking Thursday, June 4, 2026 at 02:36 PM

US tech sector cuts 38K jobs in May 2026, highest single month in two years; AI cited as primary driver

US technology sector shed 38,242 positions in May 2026, the largest monthly total in two years, with AI automation cited as the most frequent reason for workforce reductions.

This marks sustained contraction across the sector in response to AI-driven productivity shifts and enterprise efficiency pushes that began in 2024–2025.

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