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US inflation jumps, though long-term war impact yet to be seen Hospitals consider replacing some radiologists with AI Amazon takes a jab at Nvidia over chips shift VCs step in to fund university upstarts Exclusive: Anthropic is gaining on OpenAI’s revenue, but hasn’t yet eclipsed it Exclusive: AI powerhouses threaten data processing firms A South African artist is changing the way viewers understand Picasso’s Guernica Airbnb faces familiar battle in Cape Town First look at war-related inflation sparks political jostling View: China’s state businesses are reshaping markets in Africa US issues Nigeria travel warning over terrorism, kidnapping FirstRand exits UK business after regulatory hit Afreximbank’s $800M answer to Fitch Exclusive: Navy takes nuclear-powered sub offline after $800 million cost run-up Cuba leader says he will not step down Fed, Treasury summon Wall Street chiefs over AI fears How Bluesky earned its reputation — and why it could be the way of the future China eyes stronger Taiwan influence Orbán slams Hungary’s opposition as he trails in polls Iran war reshapes air travel, perhaps for the long term Tehran residents embrace calm amid tenuous truce Countries lack fiscal capacity to handle war fallout Higher producer prices ease China deflation fears Trump ‘optimistic’ on Iran peace talks Inside the five-year succession plan at a $130B warehouse giant Georges Elhedery on HSBC’s big bets on the Gulf and Asia Warsh’s Fed hearing slips past next week Moore takes on the Sun’s ‘MAGA billionaire’ and more Debatable: AI titans influencing regulation Americans still think taxes are too high, poll finds
Meta begins layoffs amid rising AI angst
J.D. Capelouto · 2026-05-21 · via Semafor

Meta began laying off thousands of workers on Wednesday, with plans to axe 10% of its staff to offset AI costs, and move another 7,000 into AI-focused roles.

The market may respond positively when tech companies cite AI for layoffs — Meta’s shares went up Wednesday — but the industry-wide AI pivot is stoking angst among the public, particularly young people entering a tough job market.

Speakers have been booed for mentioning AI in US graduation speeches.

AI is rapidly advancing, and the growing backlash against it is also “all but unprecedented in its speed,” The Wall Street Journal wrote.

One reason is that Americans “know our government is too sclerotic to handle [AI],” a New York Times columnist argued.

Chart showing US views on data centers