Snap is cutting 1,000 employees, 16% of its workforce, after revealing that AI now handles 65% of all new code. The stock jumped 7% on the news, and the company expects to save $500 million a year. (CNBC)

Uber is spending over $10 billion to buy thousands of autonomous vehicles, breaking from the model it built its empire on. The plan: robotaxi fleets in 28 cities by 2028, with $2.5 billion in equity stakes and $7.5 billion on hardware across partnerships with Rivian, Lucid, and Nuro. (Jalopnik)

Token count is the new vanity metric. Salesforce unveiled Agentic Work Units (AWUs), a metric that measures AI by business outcomes, not raw token consumption. Singapore Airlines uses AWUs to track resolution time, Williams-Sonoma uses them for product recommendations, and Salesforce has already processed 2.4 billion AWUs across its platform. (Axios)

Your browser is an AI tool now. Google launched "Skills" in Chrome: save any Gemini prompt once, then run it on any page with a single click. Over 50 pre-built Skills are live for summarizing docs, comparing products, and automating research, and you can build your own. (TechCrunch)

Q1 2026 hit $297 billion in global VC, but remove OpenAI, Anthropic, xAI, Waymo, and Databricks and investment fell quarter over quarter. Deal volume dropped 15% to ~7,000, the lowest since 2016. For founders outside the AI frontier, the funding environment is tighter than the headlines suggest. (Crunchbase News)

The company that builds the machines that build AI chips can't keep up. ASML beat Q1 estimates and raised its full-year forecast to €36-40 billion as customers race to expand capacity. But the stock still dropped 6%: China sales fell sharply under new export restrictions, and memory chips surged to 51% of orders, up from 30%. (Bloomberg)

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