Tags: tech CEOs

Box founder Aaron Levie warned that tech CEOs are experiencing an "AI psychosis," a disconnect between hype and the gritty work still required to deliver value. In the first five months of 2026, layoffs hit 115,430 employees across 152 tech firms, a pace that rivals the entire previous year. Executives cite AI as a driver, yet research from UC Berkeley, MIT and the National Bureau of Economic Research finds little concrete productivity gain. The clash between lofty AI promises and harsh workforce reductions is reshaping the sector. Read more

Meta CEO Mark Zuckerberg met President Donald Trump at a White House dinner, where he cited a potential AI spending figure of about $600 billion through 2028. The conversation was captured on a hot mic, revealing Zuckerberg’s apology for not being sure which number Trump wanted. The exchange highlights a dramatic shift from earlier tensions, including threats of imprisonment, to a collaborative tone as the two discuss large‑scale investment in U.S. AI infrastructure. Read more