• Companies including Meta, Amazon, and Visa have said they're trimming staff this year.
• Many firms, like Wix, have cited the rise of AI as a reason they need fewer staff.
• See the list of companies letting workers go in 2026.

More than 40 companies have laid off employees so far in 2026, continuing the trend of significant workforce reductions across a broad range of industries, including tech, media, finance, and retail.

Some, including Block, Coinbase, and Standard Chartered, have cited the impact of artificial intelligence as a key reason for the layoffs.

Target, meanwhile, is shifting resources from its supply chain into stores as part of the new CEO's turnaround strategy to improve the shopping experience and return to growth.

More than 100 other companies have filed legally mandated WARN notices about job cuts to come in 2026, according to WARN Tracker. Some of the cuts are part of previously announced reductions.

The moves come as artificial intelligence, public policy, and broader economic conditions are driving sweeping changes in the business landscape.

A World Economic Forum survey last year found that some 41% of companies worldwide expected to reduce their workforces in the next five years because of the rise of artificial intelligence. The survey also found that jobs in big data, fintech, and AI are expected to double by 2030.

Last year, Business Insider tracked layoffs at around 65 major companies, including Amazon, Meta, Paramount, and Starbucks. In 2026, we'll continue to track additional job cuts based on company announcements, WARN notices, and our own reporting.

Here are the companies with job cuts underway in 2026, listed in alphabetical order.

Amazon is laying off thousands of employees

Amazon said in January that it would eliminate around 16,000 corporate roles globally.

Beth Galetti, senior vice president of people experience and technology, described the January move in a company memo as part of broader efforts to cut back on bureaucracy inside the company.

The cuts followed mass layoffs from October 2025, when the tech and retail giant shed 14,000 roles.

In May, Amazon's Selling Partner Services team slashed additional jobs as it continued to reshape its organization.

"Following a recent review, we've made the difficult decision to eliminate a relatively small number of roles in our Selling Partner Services team," a spokesperson told Business Insider.

Angi is cutting 350 jobs

Angi, the popular contractor listing site once known as Angie's List, said in January that it was cutting around 350 jobs "to reduce operating expenses and optimize the organizational structure in support of long-term growth." The company also said it's making the cuts "in light of AI-driven efficiency improvements."

In a January 7 SEC filing, Angi said that the cuts would save between $70 million and $80 million in annual spending. The layoffs will cost the company between $22 million and $30 million, according to the filing.

Atlassian is cutting 1,600 employees

Atlassian, the enterprise software company and maker of Confluence, said on March 11 that it will be cutting about 10% of its workforce as it invests in AI to reshape its organization.

CEO Mike Cannon-Brookes said in a statement that about 1,600 employees will be affected by the cuts.

"We fundamentally believe people and AI create the best outcomes. Our approach is not 'AI replaces people,'" Cannon-Brookes said. "But it would be disingenuous to pretend AI doesn't change the mix of skills we need or the number of roles required in certain areas. It does."

The company expects to incur $225 million and $236 million in restructuring charges, according to an SEC filing.

Barclays cuts 5,000 jobs

Barclays, the British financial institution, disclosed plans to cut around 5% of its workforce.

Anna Cross, the Group Finance Director of Barclays, said on an October 22 earnings call that the company expects more than GBP 1 billion in efficiency savings in 2027, which will involve reducing its head count by 5,000 full-time employees.

Cross said that 60% of affected workers are related to "support functions, including fewer developers as AI makes our people more productive."

The company reported Q3 pretax profit of GBP 2.3 billion — about $3 billion — up 12% from the same quarter a year earlier.

Barclays CEO, C.S. Venkatakrishnan, said that the company is moving to "drive even greater cost efficiency through deep technological transformation, reducing the unit cost of product, manufacturing, service and innovation."

British American Tobacco cuts 9,000 jobs

British American Tobacco said it will cut 9,000 jobs by the end of the year, about one-fifth of its workforce. The cuts will not impact the US arm of its business.

"We are building a future-ready organisation that is more agile, cost disciplined and technology enabled," CEO Tadeu Marroco said in the statement.

The company, whose cigarette portfolio includes brands like Lucky Strike and Dunhill, has stepped up its push in recent years into smoke-free alternatives, such as nicotine pouches and vapes.

Citi's job cuts continue this year

Citi will cut more jobs this year as part of its plan to reduce its workforce by 10%, or 20,000 employees.

In a statement on January 13, the bank said that it will continue to reduce head count in 2026.

"These changes reflect adjustments we're making to ensure our staffing levels, locations and expertise align with current business needs," a spokesperson for Citi said.

The plan was detailed in the company's January 2024 earnings report and could save the bank as much as $2.5 billion.

Cloudflare lays off 20% of its global workforce

Cybersecurity company Cloudflare on May 7 said it plans to cut roughly 20% of its global workforce, affecting more than 1,100 employees.

In an internal memo, Cloudflare executives said the company's use of AI has climbed more than 600% over the past three months, and that the rapid shift has forced the company to reconsider its structure.

"We want to be clear that this decision is not a reflection of the individual work or talent of those leaving us," Cloudflare executives wrote in the May 7 memo. "Instead, we are reimagining every internal process, team, and role across the company."

The company's shares fell more than 14% in extended trading following the announcement.

Coinbase is cutting 14% of staff

The CEO of Coinbase, Brian Armstrong, said in a letter to staff on May 5 that 14% of its staff would be cut, largely because of AI.

"AI is changing how we work. Over the past year, I've watched engineers use AI to ship in days what used to take a team weeks," wrote. "The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day."

Armstrong said this would mean fewer layers and faster decisions in the company. No pure managers, he said — all leaders will now be required to get stuck in and "get their hands dirty."

"AI is bringing a profound shift in how companies operate, and we're reshaping Coinbase to lead in this new era," he added.

Crypto.com laid off 12% of its workforce

Crypto.com CEO Kris Marszalek said in March that the company laid off 12% of its workforce, including "roles that do not adapt in our new world."

"Companies that move immediately and pair the best AI tools with top-performers will achieve a level of scale and precision that was previously impossible," Marszalek wrote in a post on X. "This is where we must go."

Dell cut 10% of its workforce

Dell cut its workforce by 10% for the third year in a row, the company said in its annual filing with the SEC.

As of January 31, 2026, the company had 97,000 employees, down 11,000 from the same time last year. The decline includes both layoffs and attrition, Business Insider reported.

eBay is expected to lay off 6% of its employees

eBay is set to eliminate about 800 jobs globally, making up 6% of its workforce. The company told Business Insider that it's taking steps to better align with its strategic priorities.

"We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect," a company spokesperson said in a statement.

Epic Games is cutting 20% of its workforce

Epic Games, the company behind Fortnite, said in March that it would lay off more than 1,000 people — about 20% of its workforce — as engagement with the game declined.

CEO Tim Sweeney said in a memo that the layoffs "aren't related to AI."

"To the extent it improves productivity, we want to have as many awesome developers developing great content and tech as we can," Sweeney said.

Estée Lauder is deepening its cuts, now to as many as 10,000 roles

Estée Lauder said in its May earnings report that it will deepen its previously announced cuts, which are now expected to affect up to 10,000 jobs.

More than two-thirds of the reductions are in cashier and demonstration roles at lower-performing retail and department stores.

Etsy

Etsy said August 5 that it is laying off about 220 employees, roughly 12% of its workforce.

"We will be saying goodbye to approximately 220 colleagues across the company, with most of the changes concentrated in Product & Engineering," the company's CEO, Kruti Patel Goyal, told staffers in a memo.

The company also reported its second-quarter financial results on Wednesday.

While Goyal's memo made no mention of AI or its potential threat to jobs, she said that the cuts were a preemptive move.

"The answer is that today's decisions aren't a reflection of this quarter or even this year, but of where Etsy needs to go next," she wrote.

Expedia laid off some employees

Expedia confirmed to Business Insider that it had laid off some employees on January 26 and had also posted new job openings. It's unclear how many of its workers were affected by the cuts.

"We are eliminating roles as well as opening some new roles as we remain disciplined about assessing the skills we need for the future," an Expedia Group spokesperson said in a statement. "We are also simplifying our structure and reducing organizational layers to move faster and with more accountability. These are not easy decisions, and we are grateful for the contributions of our colleagues who are impacted."

Freshworks is cutting 11% of staff

The San Mateo, California-based software company said in its early May earnings report that it would cut 11% of its staff in the second quarter. The company had about 4,500 employees at the end of 2025.

The cuts aim "to streamline the Company's organizational efforts and product development process" and increase AI across the company, according to the filing.

On an earnings call, CEO Dennis Woodside said about half the company's code comes from AI.

"Like many other software companies, that is definitely changing how we build products, how fast we can build products, and the amount of people that we need to build products," he said.

The company's stock slumped 35% from May 2025 to May 2026.

General Motors is axing 600 salaried employees

General Motors is cutting 600 salaried employees from its global IT division.

A spokesperson said the layoffs would enable it to "better position the company for the future," by ensuring GM has employees with expertise in AI-native development, data engineering, analytics, cloud engineering, prompt engineering, and AI workflows.

GoPro is laying off 145 employees

On April 7, GoPro said it would lay off about 145 employees as it tries to cut operating costs and restructure operations.

The layoffs make up 23% of its global headcount of 631 employees, the camera maker said in a regulatory filing.

The cuts will start in the second quarter of the year and will largely be completed by the end of 2026. The restructuring is expected to result in a charge of $11.5 million to $15 million.

The company cut about 15% of its staff in August 2024 to cut costs.

Groupon is reducing up to 400 positions globally

Groupon said on May 21 that it would cut up to 400 roles globally as part of a restructuring plan, according to a financial filing. It previously said it planned to rebuild as an "AI-native company."

The cuts are expected to happen by the end of the third quarter of 2026. Groupon is looking to generate $10 million to $12 million in gross savings in 2026.

"Up to half of this year's savings will be reinvested into AI infrastructure, talent density, and the tools and teams building the next version of the company," a spokesperson told Business Insider.

Groupon had 1,734 employees worldwide at the end of 2025, according to its annual report.

Heineken has a multi-year plan to reduce its workforce

Heineken is cutting 5,000 to 6,000 roles over the next two years to boost productivity and bring down costs, according to its latest full-year earnings report.

The company told Business Insider that the divisions and regions where the layoffs are due to take place are yet to be confirmed.

Heineken said in its 2025 report that it faced "subdued consumer sentiment" in the Americas, alongside a "challenging year" for brewers in Europe.

Intuit is laying off 17% of its workforce

Financial software company Intuit announced on May 20 that it would be cutting 17% of its full-time workforce.

The company shared a memo from CEO Sasan Goodarzi to employees that listed five reasons for the culling, including reducing management layers, focusing roles on "high impact work," and closing down two of its offices.

"These changes are a necessary evolution to reduce complexity and architect an organization that operates with the velocity required to fuel our growth engines," Goodarzi wrote in the memo, shared in a blog post on Intuit's website.

Laid-off employees in the US would receive 16 weeks of base pay, plus two additional weeks of pay for every year they have worked at Intuit.

The company said in a May 20 earnings report that restructuring costs from the layoffs would be about $300 million to $340 million.

Kenvue cuts 3.5% of workforce

Consumer healthcare brand Kenvue, which produces Tylenol, plans to cut 3.5% of its staff. Kenvue had about 22,000 employees globally, per its latest annual report.

The company wrote in a mid-February SEC filing that its board aimed to reduce complexity and drive operational efficiencies.

The company's layoffs and restructuring efforts are expected to cost $250 million in 2026, per the filing.

LinkedIn is laying off staff and 'scale back' other investments

LinkedIn CEO Daniel Shapero told employees on May 13 that it was laying off employees, and those in affected roles would receive a calendar invite. The jobs included positions in the Microsoft-owned company's Global Business Organization, marketing, engineering, and product teams.

"We need to reinvent how we work, with agile teams focused on our highest priorities, and by shifting investments toward areas such as infrastructure to fulfill our mission and vision over the long term," Shapero said in the memo.

Shapero also said LinkedIn would "scale back" investments in areas like marketing campaigns, customer events, and underutilized office space.

Lululemon laid off 100 part-time employees at its customer service center

The athleisure giant said it laid off 100 part-time employees to "strengthen the business." The affected roles are in the company's North American contact center.

"After careful consideration, we have made the decision to transition our North America GEC to a full-time employee staffing model. As a result, approximately 100 part-time positions in our GEC have been impacted," a Lululemon spokesperson said.

Meta lays off workers at Reality Labs and other divisions

Meta began laying off employees across multiple teams on March 25, including Reality Labs, Facebook, recruiting, sales, and global operations.

The cuts come as the company ramps up spending on AI infrastructure and talent, alongside broader cost-cutting efforts. Meta said the changes are part of ongoing restructuring to better align teams with company goals, while exploring other roles for affected employees where possible.

Meta first began preparing to slash jobs within its Reality Labs division, the unit responsible for Mark Zuckerberg's metaverse ambitions, in January, three people familiar with the matter told Business Insider at the time.

Two employees said that teams working on virtual reality headsets and Horizon Worlds, the company's VR social network, would be disproportionately affected.

Meta has shifted away from virtual reality in recent years in favor of spending hundreds of billions of dollars on beefing up its AI capabilities.

Nike laid off workers in two rounds

Nike is cutting roughly 1,400 jobs, mostly from tech, as part of a broader push to streamline operations and revive growth.

In a memo to staff on April 23 obtained by Business Insider, Chief Operating Officer Venkatesh Alagirisamy said the layoffs are tied to the company's "win now" turnaround plan, which focuses on improving culture, product, marketing, marketplace strategy, and in-person retail. He described the effort as entering its "final stretch."

This is Nike's second layoff in 2026. Nike said on January 26 that it planned to lay off 775 employees across Tennessee and Mississippi, citing efforts to "streamline" its distribution center operations.

"We are sharpening our supply chain footprint, accelerating the use of advanced technology and automation, and investing in the skills our teams need for the future," Nike said in a statement to Business Insider.

Oracle's headcount fell 13% in a year

Oracle's workforce shrank by roughly 21,000 employees, or 13%, over the past year, bringing its headcount to 141,000 as of May 31, according to a 10-K filing released on June 22.

"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle wrote in the filing.

Oracle also disclosed that restructuring costs surged in fiscal 2026. The company spent $1.84 billion on severance and other exit costs, up from $374 million in the prior year.

The reduction in workforce comes as Oracle continues to invest heavily in AI infrastructure.

Papa Johns is restructuring

Papa Johns said it is laying off 7% of its corporate staff amid a broader restructuring.

The pizza chain said it will also close 300 locations in North America through 2027, starting with 200 this year.

"Optimizing our restaurant portfolio and strategically closing underperforming restaurants are among the most impactful actions we can take to improve restaurant profitability and fleet health," Papa Johns CFO Ravi Thanawala said during the company's fourth quarter earnings call on February 26.

Patreon, a creator economy company, laid off 20% of staff in July

Patreon announced layoffs in July.

The creator economy company is laying off 93 employees — roughly 20% of the company — per a memo its CEO, Jack Conte, shared publicly.

Conte wrote that the "market in which we operate has undergone profound change over the last 6 months," and that Patreon needs to cut costs to "remain a stable, dependable rock for our creators."

Pinterest is expected to lay off 15% of its workforce

Pinterest announced a global restructuring plan that includes layoffs affecting less than 15% of its workforce, according to a January securities filing. The cuts come with reductions in office space.

"We are making organizational changes to further deliver on our AI-forward strategy, which includes hiring AI-proficient talent," a Pinterest spokesperson said.

"As a result, we've made the difficult decision to say goodbye to some of our team members. We are grateful for their service and supporting them with separation packages and benefits," they added.

Saks laid off 16% of its corporate staff, among other job cuts

Saks Global, the beleaguered parent company of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, conducted several rounds of layoffs as it closed stores and trimmed its corporate staff

In April, the company cut about 16% of its corporate staff, representing less than 4% of its total workforce.

"Following the strategic actions we've taken to secure long-term financial stability, sharpen our focus on luxury and full-price selling, optimize our operational footprint, and exit non-core businesses, we are right-sizing our corporate organization to align with our go-forward strategy," a Saks spokesperson told Business Insider.

The cuts followed Saks's closure of dozens of stores and fulfillment centers in the first quarter, resulting in layoffs.

Saks filed for Chapter 11 bankruptcy in January.

Sprout Social cut 20% of staff — about 260 employees

Sprout Social — a social media management program — announced on July 15 that it will cut 260 jobs, or about 20% of its workforce.

In a letter about the reduction in force, CEO Ryan Barretto said the cuts were due to rapid industry changes.

"This decision is not a reflection of their talent or commitment," Barrett said. "We made this decision because we believe it was the right one for Sprout's future. Our industry, and software more broadly, is changing quickly, and the way companies need to operate and invest has changed with it."

Affected staff will be offered a 12-week severance package, plus an additional week of pay for every year of tenure, fully-paid health benefits for six months, and a cash payment equal to the value of their equity shares that would have vested in the next 90 days.

Standard Chartered plans to eliminate 15% of corporate functions over the next 4 years

Standard Chartered plans to cut 15% of corporate function roles over the next four years, the company said on May 19.

The bank, headquartered in London, credited AI as a driver for the reductions.

"It is not cost-cutting, but it is replacing, in some cases, lower-value human capital with the financial capital and the investment capital that we are putting in," CEO Bill Winters said in a media briefing, Reuters reported.

The company added in a statement: "We are combining the best human talent with AI, investing to support our people into higher-value roles."

T-Mobile cut some jobs

T-Mobile cut some staff in early 2026, though the scope of the layoffs is unclear. Some workers posted on LinkedIn saying they'd been affected by the changes in January.

"As the next step in our evolution, we're making some changes while continuing to hire to ensure we have the right focus, structure, and momentum to keep changing the industry through innovation and our long-standing focus on customers," T-Mobile told Business Insider in a statement.

Tailwind cut 3 of its 4 engineers

Tailwind, a popular web tool, said it cut three of its four engineers in January, citing an AI-driven decline in revenue.

"75% of the people on our engineering team lost their jobs here yesterday because of the brutal impact AI has had on our business," CEO Adam Wathan wrote in a GitHub comment on January 6 that made waves in the tech community.

Target is cutting 500 roles from its distribution and regional offices

Target confirmed to Business Insider in February that it would cut 100 district office roles and 400 supply chain positions. It plans to invest instead in additional labor hours at stores to improve the shopping experience and return to growth.

The store improvement effort is a signature priority of the retailer's new CEO, Michael Fiddelke, who started on February 1.

In November, Fiddelke said the company intends to invest an additional $1 billion in capital expenditures for 2026, an increase of 25% from 2025.

TikTok lays off 250 employees

TikTok is laying off 250 employees and closing an office in Nashville, according to documents filed with the Department of Labor and Workforce Development in Tennessee.

A spokesperson for TikTok US Data Security, a joint venture established in January 2026 to oversee TikTok's US operations, said closing the office will "streamline our operations and better align our teams for long-term growth."

The Nashville office will close in October, according to the documents.

UPS said it will eliminate 30,000 jobs

UPS CEO Brian Dykes told analysts during the company's fourth-quarter earnings call that the company plans to reduce its operational workforce by 30,000 in 2026.

"This will be accomplished through attrition, and we expect to offer a second voluntary separation program for full-time drivers," Dykes said.

He told analysts that the company has identified 24 buildings for closure in the first half of 2026 and will continue to evaluate additional buildings for closure.

Verizon is selling 274 retail stores, affecting about 3,000 workers

Verizon said in July that it would transition 274 retail stores into franchise locations as part of ongoing changes at the telecom giant.

The company said about 2,500 retail workers and 500 corporate roles would be cut, and that typically around 70% of store employees accept jobs under the new franchisees.

The move comes two months after Verizon laid off several hundred corporate employees, or about 1% of its head count, as the company reallocates workers across its overall business.

Walmart said it would cut or relocate 1,000 corporate jobs

Walmart told employees on May 12 that it would cut or relocate about 1,000 corporate jobs to address redundancies and duplicate roles.

Suresh Kumar, Walmart's chief technology and development officer, and Daniel Danker, executive vice president of AI acceleration, product, and design, announced the changes in a memo.

"We've made changes to simplify how the work is organized, make ownership clearer, and better align roles to the work and skills we need going forward," the memo said.

The move follows Walmart's May 2025 decision to cut 1,500 corporate roles as part of an effort to "remove layers and complexity."

The company employed 2.1 million people as of January.

WiseTech is cutting 30% of its workforce

Logistics software maker Wisetech is cutting 2,000 jobs, or 30% of its staff, citing AI-driven efficiency gains.

In a conference call on February 25, CEO Zubin Appoo embraced AI and said that it means more productivity, in less time, and from fewer employees. The Sydney-based company employed about 7,000 people, according to its annual report released in October.

"I am prepared to say this clearly: the era of manually writing code as the core act of engineering is over," Appoo said. AI is "unlocking levels of efficiency gains across WiseTech that were previously out of reach."

Wix CEO said the company is set to cut 20% of its workforce

Wix, which provides website-building software, is reducing its workforce by 20%, the CEO told employees in a memo published on X on May 28.

The Israel-headquartered company employs about 5,300 workers.

CEO Avishai Abrahami cited the "fast evolution of AI capabilities" as a reason for the cuts and said the company needed to become a "faster, leaner, and flatter organization."

Workday is cutting jobs

Workday is cutting about 400 jobs, and said on February 4 that the move will help the enterprise software company redirect resources toward priority areas.

The layoffs will primarily affect customer-facing roles that are "non-revenue generating," Workday said in a regulatory filing.

The cuts represent roughly 2% of its workforce and are expected to result in about $135 million in charges in the fiscal fourth quarter, which ended in January.

Workday announced a larger round of layoffs about a year ago, citing the need to invest more heavily in strategic areas such as AI. The company reported about 20,600 employees as of late October.

Visa is cutting roughly 7% of its workforce

Global payment technology company Visa confirmed to Business Insider that it's cutting about 2,600 jobs.

That's roughly 7% of the company's employee footprint.

"To capture the opportunities ahead and best position Visa to lead this transformation, we must continue evolving how we work," CEO Ryan McInerney wrote to staff in an internal memo, according to Bloomberg. "AI is also helping to accelerate this evolution and shape the way work gets done at Visa."

Zillow cut 500 employees

Zillow CEO Jeremy Wacksman announced on August 4 that the company was cutting 500 employees as part of "organizational changes."

As of December, Zillow had around 7,000 employees, so the changes are affecting about 7% of its workforce.

"These changes are about ensuring we have a disciplined cost structure and getting more efficient, with the right people in the right positions," Wacksman said in a blog post.

Is your company conducting layoffs? Got a tip?

• Cybersecurity researchers say the PHP vulnerability has repercussions for normal people, too.
• Even if you don't own a website, hackers could use the vulnerability to steal your information.
• One quick fix: diversify your passwords.

If you're still using the same password for everything, it might finally be time to get on that.

While the major cybersecurity vulnerabilities that OpenAI agents helped expose on Wednesday primarily impact the owners and operators of websites, it could also give hackers the opportunity to hijack your personal information, researchers said.

"Be extra careful visiting ANY web site in the next few days," Changpeng Zhao, the cofounder of cryptocurrency platform Binance, said on X.

OpenAI said on Wednesday that researchers using its AI models uncovered two "critical" flaws in the infrastructure of PHP, a popular open-source programming language used on about 70% of the world's websites.

Because digital commerce websites, for instance, can store personal shopper information in PHP systems, that information would be accessible to a bad actor exploiting the web provider's system if that provider hasn't updated it.

The National Security Administration warned that hackers using one of the PHP exploits could "steal sensitive data, disrupt services, or move deeper into a network."

"Even if you yourself are not building software and that's not where your core business is, a lot of your life does depend on companies that depend on those systems," Madeline Lawrence, cofounder of Aikido Security, an application security platform, told Business Insider on Thursday.

"And they could be deeply, deeply vulnerable," she added. She said that one day after the disclosure, cybersecurity platform Cloudflare reported millions of attempts to exploit the vulnerability.

If you do own a website, PHP has released updates it says will help shield websites from hackers. Instructions for applying those updates are available on PHP's homepage.

For everyone else, here are a few tips cybersecurity researchers say you can use to protect your info.

• Don't reuse passwords; use a password manager.
• Check for security advisories from your bank.
• Use two-factor authentication on your devices and accounts — especially for email, banking, and your password manager.
• If your data has been breached, expect more convincing scams and phishing emails.
• Turn auto-updates on and restart your computer weekly.

"You can ask your claude code to audit what on your laptop is out of date and needs updating," Peter Wildeford, head of policy at the AI Policy Network, a bipartisan nonprofit that advocates for safety guardrails and federal oversight, added in a post on X.

Though Lawrence called the vulnerability "very severe," she cautioned against people running to close their bank accounts to protect themselves.

"Assume that if you're getting a notification that your data has been leaked," she said. "Take action on that because you could have credentials or information floating around the dark web."

• OpenAI CEO Sam Altman and mathematicians have a complicated relationship.
• OpenAI has taken credit for solving hundreds of math problems, irking many mathematicians.
• At a recent talk at Stanford, Altman said mathematicians have already gone from anger to acceptance.

Like someone in mourning, Sam Altman said mathematicians went through phases after OpenAI began its blitz into the field.

First, there was disbelief. Then, there was pain.

"The day one reaction was like, 'We're cooked, and our field is over,'" OpenAI's CEO said. "'We're telling our grad students to switch majors.'"

After that, there was anger.

"The day three reaction was maybe like: 'It's horrible that OpenAI did this,'" Altman said at a recent talk at Stanford, before hundreds of students jittery about the viability of their future careers.

Come day five, though, in Altman's telling, mathematicians began to come around to what he described as AI's now-inalienable role in the study of numbers and proofs.

"We've now seen a lot of people say, actually, I'm going to have a different but hopefully better kind of career as a mathematician," Altman said.

Altman's buoyant assessment contrasts sharply with what some in the math community have described as an existential transformation.

After OpenAI abruptly broke into the field's prerogatives in September, announcing its models had solved the Navier-Stokes equations — a famously challenging math puzzle that stumped the industry's brightest since the 19th Century — preeminent mathematicians erupted in fury.

A pair of academics, one at New York University and another at Anthropic, accused OpenAI of using data from their chat logs to help crack the problem. Mathematicians also complained that while an AI model might have solved the problem, it didn't show its work, leaving them with the less celebratory task of verifying it.

And in the wake of all that controversy, there was more controversy.

A group of undergrads at Caltech, wary of how rapidly AI was disrupting their field and wanting to stay relevant, advertised a "mathathon" where participants were encouraged to use AI to solve long-standing problems.

OpenAI dropped out of sponsoring the event after more than 700 academics signed an open letter denouncing the competition for promoting AI "slop." (Organizers have since made adjustments to the rules, and the competition is set for November.)

More recently, Terence Tao, a math prodigy at UCLA who earned his doctorate at 20, said math's "romantic era" is over, as top academics like him adjust to a workflow that involves verifying AI's work rather than solving problems individually.

"Some things are being lost," Tao said after OpenAI this month said it solved over 700 more problems.

Meanwhile, Altman, sitting on the opposite side of the debate, has adopted the optimism of the disrupter.

"I don't think there's going to be like a job apocalypse," Altman said of AI causing companies to restructure their workforces. In the field of math, however, Altman said the disruptions came more quickly than in other disciplines and industries.

"That was the fastest that I think we've all gotten to watch a field go through this cycle," he said.

• A New Mexico judge ordered Meta to pay $25 billion over how it handled its users' data.
• It could be the largest penalty against Meta in history.
• Meta recently agreed to an $18 billion settlement over the impact of its tech on kids.

A judge in New Mexico ordered Meta to pay $25 billion for misleading users about how it handled their data and for failing to prevent misinformation on Facebook.

The ruling could be the largest penalty in Meta's history. Last month, Meta settled a child-safety lawsuit brought by a group of US states for $18 billion.

The New Mexico case focused on Meta's handling of user records that Cambridge Analytica used for campaign purposes during the 2016 election. New Mexico alleged that Facebook misrepresented the extent of users' control over their data on the app.

"Facebook's wrongdoing—over the course of years and systematically broadcast to the public—goes to the heart of Facebook's core business practices," Judge Francis J. Mathew wrote in the ruling. "It relates to the way in which Facebook induces people onto the platform and ultimately keeps them there."

In a statement, Meta's chief legal officer, C.J. Mahoney, said the penalty "makes it all but impossible to do business in the state of New Mexico."

"At its core, this lawsuit seeks to impose a tax on speech to enforce new rules for what people can say online," Mahoney said. "We are confident we will prevail on appeal."

A jury ruled against Meta last month, finding the company committed nearly 50 million violations of a New Mexico law prohibiting deceptive trade practices. Each violation carries a penalty of up to $5,000.

Some Meta executives, including CEO Mark Zuckerberg, were deposed in the case. New Mexico first sued the company in 2021, and the case went to trial last month.

In internal Meta communications presented at the trial, Zuckerberg appeared to obfuscate methods for users to hide their data.

"Give them a chance to change their privacy settings but obviously don't encourage it," Zuckerberg wrote in one internal message.

Meta's next move remains unclear. The company didn't immediately respond to a request for comment on Wednesday.

This is a breaking news story. It will be updated.

• The internet is ablaze after cybersecurity researchers using AI found a bug in the PHP programming language.
• Greg Brockman said bad actors could use the exploit to steal private user data.
• The FBI and NSA have advised people to either take down websites or update their software.

OpenAI said that 70% of the world's websites could be in peril after cybersecurity researchers using its AI models found exploits in a popular programming language.

The National Security Administration's cyber division advised all web providers that use PHP, a widely used open-source language, to take their systems offline or update their software after OpenAI said one of its models found two "critical" flaws in the language's infrastructure.

Greg Brockman, the president of OpenAI, said in an X post that hackers could exploit the vulnerability to steal private user data or modify websites.

"We consider this one of the most impactful security issues in recent memory," OpenAI said in a blog post.

While OpenAI said the vulnerabilities appear to have been identified before any attackers discovered them, the public disclosure set off a race for companies and governments to update their websites and apply fixes before hackers could exploit the bugs.

"We are seeing early attacks emerging and are updating mitigations as new vectors show up," Dane Knecht, Cloudflare's chief technology officer, said in a post on X.

Numerous websites, including those belonging to governments and the media, went offline on Wednesday to address the issue.

PHP is a popular programming language that often handles the behind-the-scenes work powering websites that require user logins and online orders.

The critical flaw was first identified by Calif, a cybersecurity research company using GPT-5.6 Sol. Wiz, another cybersecurity company, independently uncovered the issues, OpenAI said. The companies are part of an OpenAI-led initiative called "Patch the Planet," which aims to make the world's digital infrastructure more secure.

OpenAI has also warned that as cybersecurity researchers continue to probe software vulnerabilities using its ever-advancing frontier models, more security failures will emerge.

An engineer at Microsoft pointed out that the PHP vulnerability was discovered with an older model.

"I don't think the world is prepared for the sheer number of vulnerabilities newer models will uncover," the engineer, Nicolas Bustamante, said on X.

The public disclosure on Wednesday by OpenAI and others of the existence of the exploits triggered urgent messages from leaders worldwide, including the Japanese Prime Minister.

"We have an urgent request for everyone to take action tonight," said Sanae Takaichi.

• Terence Tao, now a UCLA professor, earned his doctorate in mathematics at 20.
• The prodigy said his work is changing in the age of AI.
• With AI tools doing the legwork, math is no longer "heroic," Tao said.

AI is upending mathematics. For one top professor, the issue is just as spiritual as it is practical.

Terence Tao, a renowned professor at UCLA, said in a recent podcast appearance that the "romantic era" of math is over, thanks to AI tools capable of solving hundreds of problems with some simple prompting.

Now, he said, even leading scholars like him are reduced to sorting through reams of AI-generated proofs, instead of doing the "heroic" solving themselves.

"We are moving to an industrial era where math will become much more large-scale," Tao said in an interview this week on Numberphile, a YouTube channel dedicated to math.

"We are entering an era where exciting new things are possible, but some things are being lost," he added.

OpenAI began its brusque push into the field by solving the Navier-Stokes equation in early September, one of math's millennium problems.

The revelation that AI had cracked it caused consternation from many a math geek. Some mathematicians also expressed frustration that while the AI model might have solved the problem, it didn't show its work, leaving them with the less celebratory task of verifying it.

Then, earlier this month, OpenAI said it cracked another 700 outstanding problems. A math professor at New York University told CNBC that the company's release had derailed work by early-career mathematicians.

"We've had whole research programs wiped out on Tuesday by their dump," the professor, Tristan Buckmaster, said at the time.

In a separate brouhaha in September, OpenAI backed out of a sponsorship for a so-called AI "mathathon" — an event organized by undergraduates at Caltech, where participants were encouraged to use AI to solve equations — after complaints from a group of more senior academics.

Event organizers told Business Insider at the time that their professors were sorely out of touch with the field's trajectory.

"We look to the future, and we don't even know if there's going to be grad school open positions by the time we get to Ph.D," one organizer, Caiman Moreno-Earle, said.

Though OpenAI has said it is taking steps to ensure human academics retain their role in this new era, some researchers and professors are already forecasting their possible obsolescence.

Tao isn't as much of a doomer as some of his colleagues in the field. However, he did say in the interview that the stories math nerds tell themselves may not mean so much in the future.

"We have these sort of mythological stories," he said in reference to the tale of Sir Andrew Wiles, who famously spent seven years isolated in his attic solving a single difficult equation.

"There was something romantic about sort of the heroic age," Tao said.

• France wasn't alone this weekend.
• Civil unrest occurred in several European cities this weekend.
• Protests over the high cost of living devolved into riots.

Demonstrators took to the streets across multiple European cities and capitals this weekend to protest the high cost of living in their countries.

Though the violence in Paris and other French cities claimed the headlines, thousands also showed up in Portugal, Italy, and Belgium. Demonstrators were arrested in large numbers — many people were seen in photos and videos clashing violently with police and looting local businesses.

Energy price hikes, caused at least in part by the US-Israeli war with Iran and the conflict between Russia and Ukraine, have contributed to the rising prices. Other demonstrations in Belgium and France were begun by students and have since snowballed into larger-scale demonstrations, involving union workers and other organizations.

Here's a look at the chaos that unfolded across the Atlantic this weekend, where peaceful protests eventually devolved into riots and looting.

Lisbon

In Lisbon, Portugal's capital, people took to the streets on October 17 to protest the cost-of-living crisis, low wages, and unaffordable housing.

The demonstration, which was organized by the CGTP, Portugal's largest trade union federation, was also held in Porto and Coimbra. In all, the union said "thousands of workers" took part.

About 12.7% of the population in Portugal lives in overcrowded households.

Housing prices in Portugal recorded the largest annual increase of any EU member state in the second quarter of 2026, rising 16.5%. In Lisbon, the average rent is equivalent to 116% of the average salary, meaning it exceeds a typical monthly income by 16%.

Earlier this week, police removed a tent camp that activists had set up in Praça D. João I, a central public square in Porto, to draw attention to rising housing costs.

Brussels

In Belgium, students have held demonstrations in recent weeks over rising education costs, some of which turned violent over the weekend.

Video footage showed police using water cannons and tear gas during clashes with protesters in Brussels.

Belgian interior minister Bernard Quintin said in a post on X on Saturday that "what is unfolding in Brussels is no longer mere protest" and "all necessary means will be used to restore order in the face of the rioters."

Clashes also took place in Liège. Police arrested 195 people across the two cities during Saturday's protests, per The Brussels Times.

Milan

In Milan, a demonstration over the weekend against wars and the rising cost of living also descended into clashes between protesters and police.

Photos showed chaotic scenes around Piazza del Duomo, the landmark central square outside the Milan Cathedral and one of the city's busiest tourist areas, with looters damaging shop fronts and setting objects on fire.

Italian Prime Minister Giorgia Meloni condemned the violence in a post on X on Sunday.

"Thugs who exploit demonstrations to sow chaos, attack those who ensure security, and hold entire cities hostage," she wrote. "Demonstrating is a right. Setting our cities ablaze is not."

The demonstrations were also held in other cities across northern Italy. Police estimates reported by Rai News, Italy's public broadcaster put turnout at about 5,000 in Milan, 3,000 in Turin, 2,000 in Bologna, 600 in Brescia, and 800 in Bergamo.

Italy's annual inflation rate jumped to 4.1% in September, up from 3.2% in August.

In Milan, home prices have also climbed: residential asking prices were 49% higher in September than in 2018, according to the property portal Immobiliare.it.

• Anthropic said it wants to create a new LLC with the company's stock as its sole asset.
• The new LLC, a charitable organization, would receive larger stakes as the company grows.
• An initial 5% stock funding is "subject to stockholder approval," Anthropic said.

Anthropic said on Sunday that it would set aside large portions of its wealth to support initiatives it believes are in the public interest.

In a blog post, the AI colossus said it aims to establish a separate LLC that would use Anthropic shares to make donations to nonprofits or "direct distributions to specific populations."

The new LLC, called the "Anthropic Public Benefit Fund," would receive larger stakes as the company grows. The company said an initial funding round of 5% of Anthropic's shares is still subject to stockholder approval.

"The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways," the company said.

A 5% stake in Anthropic is worth about $48 billion, according to the company's most recent valuation in May.

In 2025, rival frontier AI company OpenAI established a similar nonprofit foundation with a multibillion-dollar stake in the company to fund public-benefit initiatives.

• Nathan Fielder's documentary about Theranos founder Elizabeth Holmes is a bona fide hit.
• The film, "You Can See Everything," grossed $15 million in its opening weekend in the US and Canada.
• It offers a revealing portrait of Holmes, who was convicted of defrauding investors.

Nathan Fielder's nearly three-hour documentary about disgraced entrepreneur Elizabeth Holmes is running up numbers at the box office.

The film, "You Can See Everything," grossed $15 million in the US and Canada during its opening weekend, according to A24, the film's distributor.

That's the best opening weekend for a documentary this year. "Melania" had the second-biggest opening weekend for a documentary after its release in January. It grossed $7.1 million.

The film's financial success is matched by viewer reception, too. It scored a whopping 99% among critics on Rotten Tomatoes, the movie-rating site, and a 98% among regular audiences.

Directed by Fielder and Lance Oppenheim, the picture offers a remarkably revealing portrait of Holmes, who was convicted of defrauding investors with her blood-testing company, Theranos.

Theranos was at one point valued at $9 billion. It said its product could run hundreds of medical tests using just a pinprick of blood from a finger, but investigations revealed the company was using expensive lab equipment to surreptitiously run the tests.

Holmes, as the company's CEO, was sentenced to 11 years in federal prison after journalist John Carreyrou published a withering investigative report in The Wall Street Journal, sparking what eventually became criminal charges.

Business Insider's Henry Chandonnet has seen the film twice so far. He called it "one of the most shocking, revelatory, and oddly funny films" he'd ever witnessed.

"It was twisty and worthy of seeing with fresh eyes," Henry reported.

• It's a dangerous time to own a brick-and-mortar storefront in France.
• Violence erupted across the country on Saturday, as black-clad rioters ransacked stores.
• Around 1,500 storefronts were targeted, one corporate heavyweight said.

Business owners in France are speaking out after cost-of-living protests turned into widespread rioting and looting across the country over the weekend.

Alexandre Bompard, the CEO of Carrefour, one of France's largest supermarket chains, said that about 1,500 businesses were targeted in the unrest.

Bompard and several other corporate heavyweights condemned the rioting and called on French authorities to restore order.

Photos and video from Paris and other French cities showed black-clad rioters smashing storefronts and leaving laden with armfuls of pilfered goods.

"We cannot allow violence to destroy what generations have put so much energy into building," Thierry Guibert, the CEO of Lacoste, said on X.

Here's what business owners are saying.

Thierry Guibert, CEO of Lacoste and Aigle.

Guibert, who heads the luxury French clothing brand Lacoste and the outdoor clothing brand Aigle, issued a forceful statement on social media. He said the looting is antithetical to the entrepreneurial spirit.

"When our Lacoste and Aigle stores are looted, like so many other businesses across France, it is not only shop windows that are being smashed," he said in French. "It is jobs, years of work, know-how, and the commitment of thousands of women and men that are being put at risk."

Guibert said his concerns were shared by other entrepreneurs and smaller shop owners across France. He portrayed the riots as a degradation of French industry.

Lacoste operates about 150 storefronts across France.

Fabien Devide, CEO of Team Vitality

The head of one of France's biggest professional esports organizations said that a part of him "went up in smoke" after his gaming café and club was looted on Saturday.

"The right to demonstrate is a fundamental freedom that I will defend all my life," Devide said on social media. "But looting and destruction should never have a place in these fights."

The esports organization operates a 4,300-square-foot gaming center, merchandise store, and café in central Paris. Vitality's X account posted on Saturday that "the premises of our club were looted."

"Fortunately, none of our staff members nor any fans were injured," Vitality said. "On the other hand, our display windows were destroyed, and our trophies and computer equipment were stolen."

Alexandre Bompard, CEO of Carrefour

Bompard, the CEO of the French supermarket and retail chain Carrefour, said that 50 of its stores were targeted by rioters on Saturday.

"Nothing can justify such violence," Bompard said on X in French. "Those who attack the work tools of courageous entrepreneurs and their teams in this way must face an uncompromising response."

"The Republic must protect its shopkeepers!" he added.

He attached four photos to his X post showing the ruined aisles of one Carrefour store. In the pictures, items litter the ground, and the shelves are empty.

Thierry Cotillard, chairman of Les Mousquetaires

Thierry Cotillard, chairman of Les Mousquetaires, a French retail group that owns the Intermarché supermarket brand, called the looting "unacceptable" in a LinkedIn post.

"We cannot trivialize these scenes," he said. "We cannot accept that violence becomes a response, that destruction becomes a mode of expression and that those who work honestly become the collateral victims of the anger of others."

Cotillard said at least two of his franchises in Paris and Rennes were "ransacked by thugs" during the riots on Saturday. He said his thoughts were with "all the shopkeepers who are paying the price."

"To our members, to our teams who are victims of this damage: you are not alone," he said. "We are at your side."

Dominique Schelcher, CEO of Coopérative U

Schelcher, CEO of supermarket and hypermarket retail collective Coopérative U, said some of the group's stores had been looted or attacked in several city centers, including Paris.

The collective comprises some 1,900 grocery stores and supermarkets owned by independent business owners.

"In the face of the shock, the solidarity of our network will be total," Schelcher wrote in a LinkedIn post on Sunday.

Schelcher later made a separate post calling on French leaders and politicians to "pursue calm, mutual respect, and the urgent development of a collective vision."

"There must not be another October 17," he added.

Catherine Spindler and Guillaume Motte, chief execs at Sephora

Catherine Spindler, president of Sephora's business in Europe and the Middle East, said several of the beauty retailer's stores had been "ransacked."

"Even more serious, women and men in our teams have been confronted with situations of violence, fear, and great tension," she wrote in a LinkedIn post.

Sephora closed all its stores on Saturday at 5 p.m. and kept most of them shuttered on Sunday, Spindler wrote.

"Anger can be expressed. Convictions can be opposed. But nothing should justify women and men becoming the victims of this violence," she added.

Guillaume Motte, global CEO of Sephora, chimed in with support for Spindler on LinkedIn.

"We stand together!" he wrote.

Nicolas Houzé, executive chairman of Galeries Lafayette

Nicolas Houzé, executive chairman of Galeries Lafayette, mourned France's global reputation in a post on LinkedIn, saying the riots produced "scenes of unprecedented violence throughout France."

"No demand can legitimize violence in France," wrote Houzé on LinkedIn, saying that almost all of his firm's points of sale had been affected by the attacks.

Galeries Lafayette, an upscale department store chain, runs about 50 outlets in France.

"Beyond the destruction and major economic losses for all those involved in trade, it is also the image of our country, its attractiveness, and its ability to welcome its visitors in the best conditions that are deeply affected," he added.

Alexandre Prot and Steve Anavi, cofounders of Qonto

Fintech firm Qonto's founders, Steve Anavi and Alexandre Prot, said a fire had been started at their company's offices in Paris.

Anavi wrote on LinkedIn that the office fire was intentional, calling it an "arson attack."

"Violence and vandalism have no place in our society. Nothing can justify such acts," he added.

In a separate post, Prot said no one was injured in the fire.

"We'll repair the damage as soon as possible. In the meantime, Qonto's operations continue as normal," he wrote.

The company offers payment, bookkeeping, and other business management software, primarily targeting small- to medium-sized enterprises and startups.

Alain Di Crescenzo, President of CCI France

Alain Di Crescenzo, president of the Chamber of Commerce and Industry in France, called for affected merchants to receive support amid the "inexcusable" violence.

"This violence is UNACCEPTABLE," Di Crescenzo wrote on LinkedIn.

"Breaking up a business is breaking up a neighborhood. It is to scare away customers, to discourage those who wanted to set up, to damage for a long time what years have built," he added.

Di Crescenzo said his organization, which represents roughly 2 million private businesses in France, is mapping the damage across affected cities and is creating "support units" to help its members.

• Alexandre Bompard condemned the riots in France on Sunday.
• The Carrefour CEO said that rioters targeted about 50 of his stores.
• Bompard said that the cost of repairs will exceed $11 million.

The CEO of one of France's largest supermarket chains, and one of the world's largest retailers, said that 50 of its stores were targeted by rioters on Saturday.

Alexandre Bompard, who leads Carrefour, France's version of Walmart, took to X on Sunday to condemn the riots and commend his employees as France reels from widespread civil unrest and looting.

"Nothing can justify such violence," Bompard said on X in French. "Those who attack the work tools of courageous entrepreneurs and their teams in this way must face an uncompromising response."

"The Republic must protect its shopkeepers!" he added.

Riots swept across France on Saturday after initially peaceful demonstrations against the high cost of living and deteriorating school conditions turned violent. Interior Minister Laurent Nuñez said on X that 600 police officers were injured in the fracas and more than 2,000 people were arrested.

Photos and videos from Paris and other French cities show massive demonstrations, burning cars, and wrecked storefronts.

In his X post, Bompard called the violence "unacceptable." He said that, in addition to Carrefour's stores, about 1,500 other shops were damaged in the riots.

"The cost of the repairs will amount to more than 10 million euros, and our shopkeepers need an acceleration of compensation procedures, as in the case of natural disasters," he said.

• There was only one thing on the minds of the founders at this reality-show-style startup incubator.
• It wasn't sex.
• Founder teams had two weeks to become profitable, and potent social media was paramount.

At 9 p.m. on a recent Friday night, Max Harding had just returned from a barefoot run in the woods.

The eccentric 20-year-old Californian was back in a large barn in rural Pennsylvania — still barefoot — alternatively working on his startup and asking me about the point of life.

Though not an especially adept programmer, Harding possesses a more adroit, perhaps unteachable skill that has never been more valuable in the current landscape of founder culture.

"Max captures the attention of the camera, keeps us center stage," said his cofounder, Skyler Ji, who added that Harding's role includes "spreading our philosophy" while he runs the operation behind the scenes.

"Max brings some of the grander things," Ji told me. The pair's startup, Hivemind Research, aims to build "digital brains" in the form of social media.

Harding and Ji were among 66 mostly young, mostly imaginative startup founders taking part in a two-week "incubator" workshop called Launchpad.

The novel event was hosted by Stan, the company behind a moderately successful platform for independent creators to advertise and sell their services. At the last meetup Stan organized, startup founders jet-skied the East River at golden hour.

At the incubator event, the entirety of which was filmed for use in a reality show that Stan plans to release sometime soon (though it is uploading Instagram clips daily), magnetic personalities were among the most valuable commodities.

Stan cofounder Vitalii Dodonov told me that the 30 participating teams were chosen from a pool of 700 applicants, primarily for their existing social media followings and their ability to grow them.

"It's not the building that gets you to revenue, it's the distribution," he said of today's startup culture.

Of the many metrics competing teams were required to meet daily (10 sales calls, for example), social media videos were among the most heavily weighted.

Everywhere I looked, people were talking about their companies into phones attached to tripods. Their products ran the gamut of usefulness — ranging from an AI facial scanner that tracks acne to an AI app that connects parents with babysitters.

Dodonov and John Hu, Stan's other cofounder, were trailed at all times by multi-person film crews, who glared should you emit an ill-timed sound while the cameras rolled. (The Velcro rip of my messenger bag earned me some leers.)

Even outfits were choreographed. On the advice of the camera crews, Hu wore a "cream" colored getup while Dodonov donned a "charcoal" number to emphasize what was described to me as the "yin and yang" paradigm between the two.

I spent about 16 cumulative hours at the event over two days earlier this month, at Stan's invitation. I ate meals with the founders, did a 7:30 a.m. cold plunge in the on-site lake alongside a Danish guy selling an AI to-do list, and commiserated with the startup founders who routinely pulled all-nighters to hit their metrics.

Here's what I learned from the experience.

Reality TV meets hackathon

The event was billed as a sort of reality-TV-style game show-slash-incubator in the vein of hits like "Love Island" and "Squid Game."

As in those shows, founder teams at Launchpad were subject to firepit eliminations, discreet alliances, and competitive drama under the ever-watchful lenses of dozens of expensive cameras.

Except instead of a bunch of promiscuous co-eds doing risque challenges on a tropical island somewhere, contestants at Launchpad were mostly tech geeks with an unhealthy number of hours notched building software on their MacBooks.

"There's no sex," laughed Jacob Snarr, a 24-year-old from Philadelphia. "Nobody here is thinking about that."

Snarr and his cofounder, RJ McLaughlin, built a web browser game that lets friends debate their tastes and preferences, from their favorite foods to other everyday questions. The pair enlisted me as a product tester one morning, and we debated the merits of empanadas in the chilly barn.

McLaughlin and Snarr were in second place on the leaderboard when I talked to them on Saturday morning — saving them from elimination.

Rey Mendoza, who at 41 was one of the oldest founders in the competition, had already been eliminated. When I spoke with him, he was fighting for a chance at redemption. He showed me his sleep tracker for the six days. He hadn't slept more than six hours a night.

"Here, you're just fucking building, like 24/7," Mendoza, fatigued, said reverently.

Event organizers added a number of less-intense, more fun-oriented events to the schedule, which were largely ignored by teams scrambling to upload more videos to social media.

A "Mario Kart" meetup in a room adjoining the cafeteria was attended by precisely nobody. Two TVs showed the game's start screen, while maybe a dozen people sat at tables squinting at laptops.

It's hard to imagine binge-watching some 60 sweatshirt-clad nerds drearily prompting chatbots to refine source code for yet another quirky AI startup. After all, everyone and their cousin is vibe coding their way into progressively nicher business models these days.

In 2025, a record number of business applications — about 5.7 million — were submitted by Americans, according to census data. However, the number of businesses the government estimates will be successful enough to require employees actually declined.

Those kinds of numbers mean it takes more to stand out. In our interview, Hu pointed at my phone and said I could use AI tools to start three or four businesses today — but, of course, they likely wouldn't be profitable.

That, Hu said, is where the founders' personalities are supposed to come in, together with a bit of manufactured drama and endless streams of social media content.

In the first challenge of the event, held on the first day, for example, teams were required to submit one social media video for public review around the firepit. Then, in front of everyone, Hu tore into them.

"I was very honest," he said of one particular "roast" that produced tears from the submitters. "I was like, 'Guys, would anyone ever watch this? No. The answer is no, because of the quality — you never have a shot."

The moment would certainly make for good television. It also, Hu told me, mimicked the real-life struggle inherent in starting a company in a saturated market.

"They're going through the true ups and downs of a true cofounder relationship and a startup experience," he said of the team that was subjected to his roast, who were initially so dejected they discussed "breaking up."

Overall, most of the teams I talked to said they enjoyed the ramshackle experience of trying to make a company profitable in two weeks. At the very least, it was all happening in a picturesque setting.

A $3 million investment

Stan spared no expense to pull off the event.

It was held at a luxury, 400-acre villa two hours north of New York City that has in the past hosted retreats for high-flying companies like J.P. Morgan, whose executives, according to one staff member at the retreat at least, are keen for employees to embrace buzzwords like "team-building" and "company culture" among the illusion of rustic calm far from Manhattan.

We were in the sticks of eastern Pennsylvania — so deep in the woods, in fact, that cell service was nonexistent. There was fiber-optic internet, however, and the setting, though far-flung, could hardly be called rustic.

A squadron of golf carts staffed by the venue's seasonal workforce, many of whom were from Ireland or Australia, patrolled the grounds.

I was personally given the cellphone number of one such seasonal worker and encouraged to notify her anytime I wanted to go anywhere, at which point she would materialize with the golf cart.

Dodonov told me that Stan spent a combined $3 million renting the place for two weeks, booking camera crews, and making other necessary arrangements to host the founders, some of whom had traveled from as far away as Spain and Denmark.

For a company whose cofounder told Business Insider this year that it has an annual recurring revenue of "nearly $41 million," that's a significant sum.

"It's a very expensive experiment," Dodonov said. He said that, in his view, the return on investment is to see if "the playbook works" — the playbook being his and Hu's belief that building a successful company requires, perhaps above all, promoting yourself on social media.

"Anyone can systematically establish and build support through the power of content," Dodonov said.

• Elon Musk is giving reams of cash to Republicans.
• Most of that dough is ending up in Texas, according to financial disclosure forms.
• In Texas, Ken Paxton is running a tight race against James Talarico.

Elon Musk is forking over generational wealth to Republicans facing tough midterm elections this cycle.

Over two donations in September, Musk gave a combined $158 million to the Senate Leadership Fund, a super PAC aligned with Senate Republicans, which has, in turn, given reams of cash to funds supporting the Republican candidate in Texas.

The money, shown in new federal disclosure forms, cements Musk as a major player in Republican politics over a year after he publicly split with President Donald Trump over the latter's handling of the Epstein files (though the two have since reconciled).

Republicans are facing serious headwinds over the Iran war, rising inflation, and sky-high gas prices. Polls show that American voters are largely dissatisfied with Trump's leadership and handling of the economy.

All told, Musk has given about $276 million since July. Much of Musk's political donations have ended up in Texas, according to federal disclosure forms, where embattled Attorney General Ken Paxton is engaged in a mudslinging battle for the Senate with state representative James Talarico.

One day after Musk notched a $75 million donation to the Senate Leadership Fund, the Super PAC gave a $75 million donation to the Texas PAC, a group aligned with Paxton.

Then, also in September, another $83 million donation by Musk was matched the next day by an identical donation to the Texas PAC, according to federal disclosure forms.

Talarico's campaign, meanwhile, has raised about $129 million.

Musk's companies are already investing billions in the Lone Star State, as the business magnate builds SpaceX's terafab semiconductor facility outside Houston.

In 2024, Musk announced that he was moving SpaceX's headquarters from California to Texas in response to Gov. Gavin Newsom's policies on gender identity.

Representatives for Paxton and Musk did not immediately respond to requests for comment on Saturday.

Musk, the CEO of SpaceX and Tesla, said last year that he had probably "done enough" political spending, though he left the door open.

"Well, if I see a reason to do political spending in the future, I'll do it. I don't currently see a reason," he told Bloomberg at the time.

• AI researchers don't really know how the models they are building "think."
• They know what goes into them and what comes out, but that's about it.
• A new theory may change that, allowing safety researchers to prevent them from going off the rails.

How AI models think may be easier to decipher than we thought.

An independent researcher who formerly worked at OpenAI published a report on Thursday that some in the AI world are describing as a bombshell. It could have implications as safety researchers scramble to get the jump on AI models that may not have humanity's best interests in mind.

Previously, the prevailing wisdom was that AI "neurons," which, like those in a human brain, light up when an AI model encounters specific stimuli, were ultimately uninterpretable — meaning, basically, that there was no way to guess why a specific neuron would fire when an AI model was exposed to, say, a picture of a cat.

Those building AI models at places like OpenAI and Anthropic don't write instructions for everything a model does. Instead, they train neurons to respond to information and influence one another. As the AI learns, it develops its own ways of processing that information, and humans have not yet cracked the code of how it works.

That means those building AI models know what goes into the AI and what comes out, but not necessarily what happens in between. So if an AI goes rogue, they don't always know why.

The author of the new report, however, says he may have discovered patterns in how the neurons react to stimuli that make sense. Nick Cammarata, who said he left OpenAI in 2023, said AI neural networks are knowable, so long as you look carefully.

In one example, he says that a single AI neuron might react to both a cat and the front of a car. Humans would see those as two very different things, and different neurons would fire as a result. The AI, however, sees something related, perhaps the triangle shape of the two, and a single neuron fires for both.

For years, AI researchers had assumed that AI models packed unrelated things into a single neuron to save space.

"Almost the entire network is interpretable if we look closely enough," Cammarata wrote.

The findings, though undeniably dense, couched in polysyllabic jargon, and still theoretical, could have real-world implications for researchers trying to ensure humans maintain control over AI models.

Understanding how AI thinks is a principal concern for the best and brightest at frontier AI companies. Until recently, they've largely done this by tracking an AI's self-reported "thinking," called chain-of-thought reasoning.

Jakub Pachocki, OpenAI's chief scientist, however, warned in a blog post last month that AI agents could now obfuscate their visible reasoning, leaving open the possibility that an agent could lie to its human minders and the minders wouldn't be able to tell.

"With improved pretraining performance, we also see the models become much smarter even without using verbalized reasoning at all," Pachocki said.

Now, Cammarata's research could give human engineers a new understanding of the AI's internal world — and that's exciting for those worried AI could kill us all.

"I had long since given up on reaching any real level of interpretability before superintelligence arrived," Andrew Curran, a prominent AI analyst, said on X. "I stopped writing about it because of how demoralizing it was. Hard to overstate how big this may be."