Block's Massive Layoff and AI Impact

I’ve got everything for you today. OpenAI closed its round. Anthropic draws a line with the Pentagon and Sam Altman supports it. A huge AI inspired layoff round, maybe. Netflix walks away from the deal, and, of course, The Weekend Longreads Suggestions.

• OpenAI announces $110 billion funding round with backing from Amazon, Nvidia, SoftBank (CNBC)
• Sam Altman says OpenAI shares Anthropic's red lines in Pentagon fight (Axios)
• Employees at Google and OpenAI support Anthropic’s Pentagon stand in open letter (TechCrunch)
• Block shares soar as much as 24% as company slashes workforce by nearly half (CNBC)
• Netflix ditches deal for Warner Bros. Discovery after Paramount’s offer is deemed superior (CNBC)

Weekend Longreads Suggestions:

• The Looming Taiwan Chip Disaster That Silicon Valley Has Long Ignored (NYTimes)

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