Pinterest will lay off less than 15% of its workforce and reduce office space as it focuses on artificial intelligence. The company expects restructuring costs of $35 million to $45 million and aims to enhance AI-driven features for users and marketers. Shares dropped over 9% following the announcement.

SoftBank has approved a second installment of $22.5 billion to finalize its $30 billion investment in OpenAI, contingent upon the AI firm completing a corporate restructuring for a potential public offering. This investment is part of a larger $41 billion financing round announced earlier, with previous funding agreements also in place.

Mark Zuckerberg has initiated another restructuring of Meta's artificial intelligence division amid ongoing internal challenges. The company is considering incorporating third-party AI models, including both open-source and licensed technologies, in an effort to enhance its competitive edge in the rapidly evolving AI landscape.