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AI & Enterprise

AI rationale drives mass layoffs at tech firms, raising fears of risky gamble

More tech companies are carrying out large-scale layoffs, citing AI investment and efforts to boost efficiency, but there are doubts about whether the strategy will produce the results they want. A report said U.S. tech firms have announced 52,050 job cuts so far in 2026. The Wall Street Journal reported that companies are trying to frame the reductions as preparation for an AI-driven future, even as risks include morale damage, backlash and investor concerns.

Crypto

Three paths could shape bitcoin, Arthur Hayes says Fed is key

BitMEX co-founder Arthur Hayes said the key variable for a bitcoin rebound is whether the U.S. Federal Reserve supplies liquidity. He outlined three main paths and one middle case for investors, excluding an extreme nuclear-war scenario. Hayes pointed to job shocks in the U.S. from AI, possible Iranian control of the Strait of Hormuz and a U.S. move to reopen it by force. He said bitcoin could be range-bound until the Fed acts.

Crypto

Alibaba AI sees XRP at $7 by Christmas

A data-driven AI model from Chinese tech company Alibaba projected that XRP could rise to $7 by Christmas on Dec. 25. The model flagged $7 as a consistent output across multiple data-input clusters, analysts said. Some analysts extended the analysis to include faster institutional adoption and Ripple’s cross-border payment partnerships, producing a scenario as high as $42 under accelerated conditions. XRP trades around $1.32, implying gains of about 430 percent to reach $7.