Elastic said in an SEC filing that it is cutting 7% of its workforce and taking a non-cash charge of $22 million to $25 million. In addition, Elastic said Ken Exner, Chief Product Officer, will resign to pursue another opportunity.

Elastic said:

"The Company plans to continue hiring in key strategic areas and locations, including continuing to grow headcount in customer-facing go-to-market functions, and expects total headcount to grow this fiscal year compared to last fiscal year, as it continues to invest in future growth opportunities."

Constellation Research analyst Mike Ni said:

"Elastic's organizational changes embraces the broader market shift from observability to operational intelligence. The next opportunity isn't simply helping enterprises understand what happened. It's enabling AI to make trusted operational decisions at scale. Elastic already has strong assets in telemetry, search, security, and contextual retrieval. The challenge now is turning those capabilities into the runtime intelligence layer that guides autonomous operations."

A few fun facts as Bitcoin breaks below $60,000. Strategy (MSTR) is down another 10% today to $93 or so and now has a market cap of $36.5 billion. Its Bitcoin reserve holdings are worth $50.35 billion. Who's buying? Strategy shares are down 75% over the last 12 months. Here's a look at the metrics.

Don't call Commodore's retro phone dumb. The Commodore Callback 8020 is a flip phone designed for digital detox. The company revealed a base price of $399. There appears to be a market for a phone that blocks social media and keeps you from doom scrolling.

Commodore is the brand behind that old PC you had as a kid. If you're young enough it's possible Commodore is a totally new brand to you.

The big pitch:

"The Commodore Callback 8020 is a premium, privacy-first, digital detox device built to block social media apps at the hardware level using patent pending technology, while still running 99% of essential Android apps, playing studio-quality Hi-Def music, and shooting with a premium Sony 48MP camera."

Nebuis has added a bevy of new features for its cloud operating platform with the launch of Nebius AI Cloud 3.6, which includes Nebius Echo, an AI agent for controlling cloud infrastructure with natural language. The release also includes developer experience improvements and new enterprise security and governance controls.

A CloudZero survey of 260 senior finance pros found that 87% of them need to tie AI spending to business outcomes within the next year. And only 22% of them can do that today. In addition, 66% of boards now condition more AI funding on proof of return.

Here's Esteban Kolsky's CEO Dashboard series in full.

• The CEO’s AI Dashboard (a series begins)
• CEO's AI Dashboard Series: Business Value (#2)
• The CEO’s AI Dashboard, Part 3: Data Readiness
• The CEO’s AI Dashboard, Part 4: Infrastructure Readiness

New Relic said it will add New Relic Autopilot and New Relic Ground Truth to its platform. Customers will be able to deploy an automated SRE agent operated by New Relic or enhance existing AI agents.

The company also announced integrations with AWS Kiro.

Walmart said it will acquire Vibe.co in a deal that expands its connected TV advertising reach. Walmart will combine Vibe.co's self-serve connected TV platform with Walmart's ad business, which includes VIZIO.

The Top500 list of the world's most powerful supercomputers has a new No. 1. China's LineShine, which is built on custom Chinese processors, has topped El Capitan. Five systems now cross the Exascale threshold.

Here's the list.

Key facts about the new No. 1.

• LineShine topped El Capitan for the top supercomputer.
• LineShine had a debut measurement of 2.198 Exaflop/s on the HPL benchmark, more than 20% ahead of the No. 2 system, using 13,789,440 cores.
• The system is based on the custom "LingKun" platform with 304-core LX2 processors running at 1.55 GHz, the proprietary LingQi interconnect, and Kylin OS.
  
  Read into this what you will, but pretty sure US angst is on deck. At the very least, China is showing it has custom silicon game.

Nvidia launched Nvidia Halos for Robotics, an open robotics stack that includes safety layers. The robotics version of Halos is an extension of Nvidia Halos autonomous vehicle safety systems. Nvidia's Halos for Robotics aims to provide a system that combines AI compute and safety for physical AI and robotics. Agility, a humanoid robotics company, is the first to use Nvidia Halos for Robotics in factories, warehouses and logistics.

The stack includes Nvidia IGX Thor and Nvidia Holoscan Sensor Bridge, Halos OS and an inspection lab. Nvidia detailed the effort in a news release and technical blog.

Getty Images said its licensed images and content libraries will be available in ChatGPT experiences and OpenAI Search. The Getty Images will be used to enhance the visual content in ChatGPT. Terms of the deal weren't disclosed.

Microsoft CEO Satya Nadella warned that AI supremacy can't be controlled by just a few companies with proprietary models. In an interview with The Wall Street Journal, Nadella said Microsoft is seeking to power a move away from frontier model concentration with low-cost models and task-built models.

Now this take is just swell given enterprises are being hit with AI sticker shock, but let's get real. Microsoft helped create OpenAI's momentum and counts Anthropic as a key partner. Now that Microsoft is creating its own models it's the champion of lowering the AI cost curve.

Nadella is simply talking Microsoft's book as traders would say. That said, Nadella isn't wrong. Enterprises need to avoid model lock-in and the smart CIOs are already using multiple models.

• Why Microsoft AI's approach is right time, right place
• Google Cloud, AWS, Microsoft Azure: The AI vertical integration race
• OpenAI goes multi-cloud in amended deal with Microsoft