Trillion-dollar AI Market Correction Wipes $2 Trillion Off Software Stocks
Tech stocks saw a major correction as investors recalibrated expectations on AI disruption’s impact, particularly on software sectors, with Deutsche Bank calling it a market readjustment from overly optimistic valuations.
Amazon Expands Corporate Layoffs with Focus on AI Roles
Amazon announced additional layoffs reallocating workforce towards AI-focused positions amid broader industry shifts in work processes as emphasized by Meta CEO Zuckerberg.
Companies plan to double AI spending in 2026, led by tech sector
A global survey showed companies expect to spend 1.7% of revenue on AI in 2026, up from 0.8% in 2025. 72% of CEOs now lead AI decisions, signaling deep enterprise adoption.
Meta integrates Chinese AI startup Manus to enhance social media and business products
Meta finalized its acquisition of Manus, valued at over $2 billion, and plans to integrate Manus’s autonomous agents into its advertising and shopping platforms to offer enhanced agentic tools.
Meta and OpenAI negotiate acquisition of OpenClaw AI project
Meta and OpenAI are in acquisition talks for OpenClaw, a top autonomous AI agent GitHub project used for automating email, browsing, and file management tasks.