Annie Palmer / CNBC:
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 23%+ after hours  —  Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.

The Information:
Sources: Meta last week scrapped the most advanced AI chip it was developing, after struggling with the design, and shifted its focus to a less complicated chip  —  As Meta Platforms strikes new chip supply deals with AMD and Nvidia, it has been running into problems with AI chips it is designing internally …

Anton Shilov / Tom's Hardware:
The head of Intel Foundry, Kevin O'Buckley, leaves to join Qualcomm after just two years at the company; Intel Foundry will now be headed by Naga Chandrasekaran  —  Changing of the guard at Intel Foundry  —  In an unexpected turn of events, Kevin O'Buckley, the head of Intel Foundry …

When I picked up my kids’ birthday cake this week, I felt a tinge of guilt that I’m sure many people will find familiar. Isn’t this thing loaded with sugar?  The health and wellness space is filled with people pushing zero/no sugar diets, sometimes as a short-term detox, sometimes as a long-term way of life. […]

The Samsung Galaxy S26 and S26 Plus are "more of the same for more money," my colleague Allison Johnson reported this week. Now, Samsung is confirming what we previously only suspected: RAMageddon is partly to blame. Samsung's Won-Joon Choi, the COO of its mobile business, tells The Verge that the memory shortage alone made a […]