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Block slashed 40% of its workforce for AI — and its earnings suggest that’s paying off0:40 “We can ship higher-quality products much, much more quickly,” an executive said in the wake of the company’s better-than-expected earnings report SpaceX’s stock falls as Wall Street gets spooked by the extent of AI spending23:36 Morgan Stanley expects $64 billion in capital spending from SpaceX this year, as the company is dramatically ramping up AI investments. Alphabet’s stock drops as Google loses another key AI executive23:36 Jeff Dean, Google’s chief scientist and one of its first employees, is leaving to launch his own company. Figma’s push into AI agents drives an earnings beat22:31 Figma’s AI monetization strategy is showing promise as customers grow their AI-credit consumption on the platform. Taxes are on the ballot this fall as Republicans and Democrats grow further apart on whether to raise them22:00 Missouri voters rejected a bid to ditch the state’s income tax Tuesday, while big votes loom in Florida and California this fall. |
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