Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by Twitter founder Jack Dorsey, is slashing its current staff of 10,000 to "just under 6,000." CNBC highlighted a letter Block sent to shareholders announcing the decision to nearly halve its workforce. According to the message from Dorsey:
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Samsung didn't swing for the fences this time around, producing phones with a few cosmetic tweaks and upgraded internals. Meanwhile, Samsung is investing even more in AI, saying the S26 series includes the first "Agentic AI phones." Despite limited hardware upgrades, the realities of component prices in the age of AI mean the prices of the two cheaper models have gone up by $100 this year. The Ultra remains at an already eye-watering $1,300.
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