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technologyThursday, May 28, 2026

AI-Driven Layoffs and Corporate Turmoil

Today's tech news is a portrait of an industry in full-blown identity crisis. AI is the hammer, and everything looks like a nail: 99% of CEOs plan layoffs to fund it, Anthropic is squeezing users to pay for it, and even Starbucks' inventory bot is failing at it. Meanwhile, Musk is reportedly merging Tesla and SpaceX in another self-dealing move, and Bitcoin is getting crushed by the AI gold rush.

Sources
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#05techcrunch.comMay 28
Tech CEOs are apparently suffering from AI psychosis

Tech CEOs are suffering from 'AI psychosis,' a delusional belief in AI that ignores practical realities. Box's CEO says they're too far removed from implementation to see the flaws.

#10www.startuphub.aiMay 28
AWS Uses Graph Theory for Data Centers

AWS is applying random graph theory to design more efficient data center networks. The approach aims to handle surging AI demand and improve scaling.

#15bit.lyMay 28
Google hates you

Drew Magary argues that Google's AI search results will devastate journalism by removing traffic to publishers. SEO already dictated writing, but AI summaries cut the link entirely.