Major tech layoffs and AI developments dominate business news as Meta cuts 10% of workforce while OpenAI and Anthropic advance powerful new models amid legal battles.

Meta announced layoffs affecting 8,000 employees (10% of workforce) and plans to close 6,000 open roles as the company pivots focus toward artificial intelligence development.

OpenAI unveiled its new GPT-5.5 model while taking a more open approach to cybersecurity than rival Anthropic, marking significant advancement in AI capabilities.

Anthropic's new Mythos AI model has triggered emergency responses from central banks and intelligence agencies globally due to concerns about its powerful capabilities and access control.

A high-stakes jury trial beginning Monday will pit Elon Musk against Sam Altman's OpenAI, with Musk seeking billions in damages in a case that could reshape the AI industry landscape.

The European Union approved a massive $106 billion loan package for Ukraine heavily weighted toward military spending, signaling expectations of a prolonged conflict and shift in EU assistance strategy.