What was really behind Jack Dorsey laying off nearly half of Block’s staff?

CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play

OpenAI amends Pentagon deal as Sam Altman admits it looks ‘sloppy’

ChatGPT owner’s CEO says it will bar its technology being used for mass surveillance or by intelligence services

National Cyber Security Centre urges increased vigilance over risk of indirect attack by hacktivists amid conflict

Investors shifting to ‘heavy-asset, low-obsolescence’ companies insulated from disruption, says Goldman Sachs

Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits

Rolling coverage of the latest economic and financial news

The UK will phase out traditional home phones by 2027, but the switchover has been stressful for some. How do you feel about the change?

Firm, which has announced record profits and £9bn share buyback, has £3bn project for smaller commercial planes

Group aims to be ‘simpler, lower-cost, AI-enabled business’ and achieve £500m of annual savings by 2028

Some say the technology is devaluing their work, while others reckon it is not yet – and might never be – good enough to replace them entirely

Chipmaker’s quarterly earnings surpassed Wall Street’s expectations every quarter for multiple years

Axon sees ‘major opportunities’ as Congress proposes $20m for ICE body cameras but data privacy experts warn of risks

Shares in Uber, Mastercard and American Express fall on back of apocalypse scenario posted on Substack

New constructions delayed or cancelled, raising questions about US’s ability to expand infrastructure to support boom

Facebook owner’s investment described by semiconductor company as ‘big bet’ on artificial intelligence