In a post on X, Block CEO Jack Dorsey said it will conduct layoffs in one swoop instead of cutting gradually.

"Today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. I'll be straight about what's happening, why, and what it means for everyone..."

"We're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly."

Block workers who are cut get salary for 20 weeks plus 1 week per year of tenure. There's also six months of healthcare.

Intuit reported a strong second quarter that topped Wall Street non-GAAP earnings estimates by 47 cents a share. The company reported second quarter non-GAAP earnings of $4.15 a share on revenue of $4.65 billion, up 17.45% from a year ago. Second quarter GAAP earnings were $2.48 a share. Intuit's results were strong across its operating units in the second quarter. The problem was the outlook.

The company projected revenue of $20.997 billion to $21.186 billion compared to estimates of $21.20 billion. That guidance isn't much of a miss, but Wall Street is skittish about software providers.

For the third quarter, Intuit projected revenue growth of 10%.

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Google launched Nano Banana 2, the sequel to the viral image generation and editing model. You didn't know you needed an upgrade, but pretty sure you all will test it out. The model is available via the Gemini API in Google AI Studio and Vertex AI. It is available for use in Google Antigravity and Firebase. Consumers can try the new image model in the Gemini App.

AMD is investing $150 million in Nutanix shares at $36.26 as the two companies are partnering on enterprise AI. The two companies are pursuing a joint roadmap to integrate AMD ROCm and AMD Enterprise AI software into the Nutanix Cloud Platform and the Nutanix Kubernetes Platform, which will use EPYC CPUs and AMD Instinct GPUs. The deal equates to more distribution for Nutanix. AMD will also fund up to $100 million to support joint engineering and go-to-market efforts. Separately, Nutanix reported better-than-expected fiscal second quarter results.

Accenture and Mistral AI said they will co-develop and deliver enterprise AI. The Accenture partnership gives Mistral AI more distribution, but the European LLM player already has multiple partners including SAP and IBM. Accenture will become a customer of Mistral AI.

You'll likely hear a bit of consternation about the lack of pop in Nvidia shares following blowout fourth quarter earnings. Now I can quibble about inventory, investment gains from Nvidia's Intel stake and a few other spots, but the reality is the company keeps delivering stellar results. Here's what's happening: There's no one left to buy Nvidia and it doesn't matter what the company does. Seriously, I'm sure there's some 9 year old who just got an investment account and learned about Nvidia. But everyone else is fully allocated. Nvidia is a place to park money that won't tank. It's Apple.

C3.ai is cutting 26% of its workforce and looking to cut non-employee costs by 30% by the second half of fiscal 2027. C3.ai said it is looking to cut $135 million in non-GAAP operating expenses.

The restructuring plan was outlined in an SEC filing following disappointing third quarter results and outlook. C3.ai reported a fourth quarter net loss of $133.2 million, or 94 cents a share, on revenue of $53.26 million. In the same quarter a year ago, C3.ai delivered revenue of $98.78 million.

As for the fourth quarter outlook, C3.ai sees sales continuing to fall. C3.ai projected first quarter revenue between $48 million to $52 million. CEO Stephen Ehikian said the C3.ai has focused on its core applications, infused AI into business functions, flattened the sales org and cut costs.

Zoom reported fourth quarter earnings of $2.22 a share on revenue of $1.25 billion, up 5.3% from a year ago. Non-GAAP earnings were $1.44 a share.

The earnings results were a nickel a share below estimates.

Zoom owns a stake in Anthropic and that holding likely boosted net earnings.

Zoom saw strength in its fourth quarter enterprise revenue, which was up 7.1% from a year ago. CEO Eric Yuan said Zoom saw double-digit growth in Zoom Customer Experience and paid AI included in its top 10 CX deals.

As for the outlook, Zoom projected first quarter revenue between $1.22 billion and $1.225 billion with non-GAAP earnings of $1.40 a share and $1.42 a share. For the year, Zoom is projecting revenue between $5.065 billion and $5.075 billion with non-GAAP earnings between $5.77 a share and $5.81 a share.

That guidance was mixed relative to estimates.

Samsung launched its latest Galaxy Ultra devices and the pitch is getting things done faster in the background. Samsung launched its Galaxy S26 Ultra, Galaxy S26+, and Galaxy S26 with enhanced AI-driven features throughout. Galaxy S26 Ultra includes 256GB, 512GB, and 1TB storage options starting at $1,299.99. Galaxy S26+ and Galaxy S26 feature 256GB and 512GB storage options with Galaxy S26+ starting at $1,099.99 and Galaxy S26 starting at $899.99.

The Galaxy S26 Ultra is powered by a customized Qualcomm Snapdragon 8 Elite Gen 5 Mobile Platform with integrated CPU, GPU and NPU. Samsung said the latest Galaxy devices are designed to make recommendations and be prepared to help based on your personal context.

HP reported a better-than-expected first quarter results with earnings of 58 cents a share on revenue of $14.4 billion, up 6.9% from a year ago. Non-GAAP earnings in the quarter were 81 cents a share, or 4 cents better than estimates.

Bruce Broussard, Interim CEO at HP, said the company saw strong demand for AI PCs. Personal systems revenue was up 11% with consumer up 16% from a year ago and commercial up 9%.

HP held its outlook, but said results may be closer to the low end of its range due to memory costs. For the second quarter, HP projected non-GAAP earnings of 70 cents a share to 76 cents a share. For fiscal 2026, HP projected non-GAAP earnings of $2.90 a share to $3.20 a share.

Verint named Dave Rhodes CEO effective immediately. Rhodes had been CEO of Calabrio. Verint was acquired by Thoma Bravo for $2 billion in 2025 and merged with Calabrio, another Thoma Bravo portfolio company. The combination of Verint and Calabrio is focused on CX automation.

SambaNova launched its SN50 AI inference chip that runs agentic AI 3x cheaper than GPUs and said SoftBank will be the first to deploy the chip in its AI data center in Japan. The company also said it raised $350 million in Series E funding.

In addition, SambaNova said it will collaborate with Intel to deliver cloud-scale AI inference.

SambaNova's S50 will ship to customers later this year.