AI NewsUS tech companies announced 38,242 job cuts in May, the most since August 2024, bringing the 2026 total to 123,653, a 65% increase year-over-year. This marks the most job cuts in nearly two years, with companies ramping up spending on artificial intelligence.
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- 0.EU Commission Unveils Tech Sovereignty Package to Reduce Reliance on US Tech Companies (politico.eu)
The EU Commission has proposed a tech sovereignty package, including the Cloud and AI Development Act, to reduce Europe's reliance on US tech companies. The package aims to boost European players to challenge US rivals.