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The State of Tech, The European Edition of Thursday 21 May 2026

Meta cuts eight thousand jobs to fund AI push

Alibaba launches full AI stack with homegrown chips and new model

New scaling law method could save millions on frontier AI training

Samsung averts massive seventy-thousand-worker chip strike at the last minute

HSBC and Standard Chartered tell staff to embrace AI as banking jobs reshape

Spotify verifies podcasts and Western Digital ships quantum-proof hard drives