Artificial Intelligence Industry News

AI Business Weekly - March 31, 2026: Big Tech Is Using AI to Justify Mass Layoffs - And It's Working

Five stories revealing how Big Tech is pointing to AI for mass job cuts, Mistral raises $830M to build European AI infrastructure, Microsoft hires the Allen Institute CEO, an AI system passes peer review, and Starcloud hits $1.1B building data centers in orbit

Mistral AI Raises $830 Million in Debt From Seven Banks to Build Its First Data Center Near Paris, Powered by 13,800 Nvidia Chips

Europe's leading AI lab secures its first-ever debt financing to break free from dependence on US cloud providers - with plans for 200 megawatts of European AI compute capacity by end of 2027

Big Tech Is Using AI to Justify Mass Layoffs - But the Real Story Is More Complicated Than the Press Releases Suggest

An AI System Just Wrote a Research Paper That Passed Peer Review - and Science Has No Clear Answer for What Comes Next

Sakana AI's "The AI Scientist" autonomously generated ideas, ran experiments, wrote a manuscript, and passed peer review at a major ML conference workshop - at a cost of $140 in 15 hours

Starcloud Raises $170 Million at $1.1 Billion Valuation to Build AI Data Centers in Orbit - Becoming Y Combinator's Fastest Unicorn

The Redmond startup launched its first satellite with an Nvidia H100 GPU just 17 months after YC demo day and is now racing SpaceX, Blue Origin, and Google to move AI compute off Earth entirely

Microsoft Hires Ali Farhadi From Allen Institute for AI to Join Its SuperIntelligence Team

The former AI2 CEO and University of Washington professor joins Mustafa Suleyman's team, citing Microsoft's unique position across data, infrastructure, enterprise, and compute as the right place to build the next generation of AI

AI Business Weekly - March 30, 2026: Meta Loses in Court and the Entire AI Industry Should Be Paying Attention

Five stories revealing how Meta's child safety verdicts create a liability warning for AI safety research, Vinod Khosla proposes eliminating income tax under $100K to offset AI job fears, Bluesky launches an AI feed builder, Core Scientific pivots from Bitcoin to AI data centers, and Lilly bets $2.75 billion on AI-discovered drugs

What is Claude Code? Anthropic's AI Coding Agent Explained 2026

Claude Code went from zero to $2.5 billion ARR in nine months - the complete guide to what it does, how it works, pricing across every plan, and how it compares to GitHub Copilot and Cursor

Eli Lilly Signs $2.75 Billion AI Drug Deal With Insilico Medicine, Including Rights to a GLP-1 Diabetes Candidate Discovered by Generative AI

The deal gives Lilly exclusive worldwide rights to develop and commercialize preclinical AI-discovered drug candidates, with $115 million upfront and milestones that could reach $2.75 billion plus tiered royalties

Core Scientific Secures $1 Billion Led by JPMorgan to Accelerate Pivot From Bitcoin Mining to AI Data Center Infrastructure

The company that emerged from Chapter 11 bankruptcy in January 2024 is now transforming its mining sites into high-density AI colocation facilities with $533 million in available liquidity and major institutional backing