Artificial Intelligence Industry News

AI Business Weekly - June 1, 2026: The AI Workforce Reckoning Has Arrived

Five stories revealing how AI is reshaping military contracts, eliminating jobs at scale, locking down chip supply chains, and quietly failing entire cultures and languages

Drafted Raises $17.5M to Build AI Home Design Platform After 120,000 Users Generated 325,000 Floor Plans in One Month

Pope Leo XIV Issues Historic AI Encyclical Calling for Global Regulation as Canada's Carney Pledges Leadership on Responsible AI

Nvidia Bets Big on CoreWeave as AI Infrastructure Company Hits $100 Billion Revenue Backlog and Signs Meta, Anthropic as Clients

Ottawa Police Charge Two Men Over AI Deepfakes Targeting Dozens of Canadian Women With Violent and Sexual Images

AI Bubble Debate Heats Up as Chip Stocks Post Historic Rally With Semiconductor Index Up 69% in Two Months

Wix Cuts 1,000 Jobs in Largest Layoff in Company History as AI Replaces Development and Design Roles

US Closes Nvidia AI Chip Loophole That Let Chinese Firms Access Blackwell and Rubin Processors Through Overseas Subsidiaries

Asana Acquires No-Code AI Agent Builder StackAI for $75 Million to Compete as an AI-Native Workplace Platform

Quebec Launches AI Cultural Databank to Fix French and Indigenous Language Gaps in Generative AI