Musk's reported plan to merge Tesla and SpaceX before the latter's IPO would be his fourth major self-dealing deal. It follows the same playbook as SolarCity, Twitter, and xAI.
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.

Anthropic has restricted its OpenClaw AI agent tool to paid users only. It's a sign that even well-funded AI labs are now squeezing users to turn a profit.
Bitcoin has fallen to 13th largest asset as capital rotates into AI stocks and precious metals. Its weak 2026 performance raises questions about its relevance.
Motorola phones are hijacking the Amazon app to inject affiliate codes. A system app update turns every purchase into a commission for Motorola, even on $1,900 phones.
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.
A Google engineer was charged with insider trading on Polymarket using confidential search data. It's the second federal case involving prediction market insider trading.
A Mercer survey found 99% of CEOs plan to replace workers with AI within two years. The tension between corporate efficiency and workforce displacement is now explicit.
Trump Mobile's T1 phone has finally launched after months of delays and $100 deposits from 590,000 people. The opinion piece calls it a rebadged older phone targeting MAGA supporters.
GRU Unit 26165 is a Russian cyber unit that hacks targets on-site, not just remotely. The article details its structure and the implications of hybrid physical-digital operations.
AWS is applying random graph theory to design more efficient data center networks. The approach aims to handle surging AI demand and improve scaling.
An investigative journalist found a second vote.gov website registered to the White House. The discovery came while exploring a federal drug pricing site with unusual branding.
Meta is rolling out paid subscriptions for Instagram, Facebook, and WhatsApp globally. The $2.99-$3.99 plans include extra features, and more subscription tiers are coming.
Anthropic is playing both sides of the AI spirituality debate. It suggests AI could become conscious while also engaging with religious frameworks, including the Pope's recent encyclical.
Starbucks' AI inventory system has caused supply shortages instead of reducing waste. The piece uses it as a case study of overhyped AI failing in real-world retail.
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.
The automotive fasteners market is projected to reach $34.98 billion by 2035. Growth is driven by smart materials and integration of technology into fasteners.
Scammers are using real hotel reservation data from 350 hotels to craft spear-phishing attacks. The 'reservation hijacking' scams use legitimate booking details to trick travelers.
Free apps and social media monetize user data through personalized ads, generating hundreds of billions. The article explains the hidden trade-off between convenience and privacy.
HoneyBook, a business management platform for freelancers, has expanded to the UK and Australia. It offers tools for client management, invoicing, and project management.