AI Daily: Pinterest cuts 15% of workforce in push toward AI roles

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.

PUSH TOWARD AI ROLES: In a regulatory filing, Pinterest (PINS) announced the board-approved global restructuring plan that includes a reduction in force that is expected to affect less than 15% of the company’s workforce as well as office space reductions. The company anticipates incurring total pre-tax restructuring charges of approximately $35M to $45M, which are expected to be primarily cash-related expenditures. The company intends to exclude the restructuring charges from its non-GAAP financial measures, including Adjusted EBITDA. The company said, “The Company is taking these actions to support its transformation initiatives, including but not limited to reallocating resources to AI-focused roles and teams that drive AI adoption and execution, prioritizing AI-powered products and capabilities, and accelerating the transformation of its sales and go-to-market approach. Although the company is reducing its overall staffing levels with these actions in the near term, the company plans to reinvest in key development areas and strategic opportunities. The company expects to complete the Plan by the end of its third quarter ending September 30, 2026, subject to local law and consultation requirements.”

PRISM: Microsoft (MSFT)-backed OpenAI introduced Prism, a free, AI-native workspace for scientists to write and collaborate on research, powered by GPT-5.2. Prism offers unlimited projects and collaborators and is available today to anyone with a ChatGPT personal account, the ChatGPT maker said. Prism will be available soon to organizations using ChatGPT Business, Enterprise, and Education plans. “Over the past year, we’ve begun to see AI accelerate scientific work across domains,” OpenAI said. “Advanced reasoning systems like GPT-5 are helping push the frontiers of mathematics, accelerating the analysis of human immune-cell experiments, and speeding up experimental iteration in molecular biology. We’re still early, but it’s clear that AI will play a meaningful role in how science advances. At the same time, much of the everyday work of research-drafting papers, revising arguments, managing equations and citations, and coordinating with collaborators -remains fragmented across disconnected tools. Researchers often move between editors, PDFs, LaTeX compilers, reference managers, and separate chat interfaces, losing context and interrupting focus. Prism is our first step toward addressing this fragmentation.”

INQUIRY: The European Commission announced that it has launched a new formal investigation against X under the Digital Services Act. In parallel, the Commission extended its ongoing investigation launched in December 2023 into X’s compliance with its recommender systems risk management obligations. The new investigation will assess whether the company properly assessed and mitigated risks associated with the deployment of Grok’s functionalities into X in the EU. This includes risks related to the dissemination of illegal content in the EU, such as manipulated sexually explicit images, including content that may amount to child sexual abuse material. The Commission will continue to gather evidence, for example by sending additional requests for information, conducting interviews or inspections, and may impose interim measures in the absence of meaningful adjustments to the X service. The opening of formal proceedings empowers the Commission to take further enforcement steps, such as adopting a non-compliance decision. The Commission is also empowered to accept any commitment made by X to remedy the matters subject to the proceeding. The opening of formal proceedings relieves Digital Services Coordinators, or any other competent authority of EU Member States, of their powers to supervise and enforce the DSA in relation to the suspected infringements.

AI DATA CENTERS: Corning (GLW) CEO Wendell Weeks told CNBC in an exclusive interview that Meta (META) has committed to paying Corning up to $6B through 2030 for fiber-optic cable in its AI data centers, reported Katie Tarasov. Corning is expanding the facility to accommodate growing demand from Meta and others like Nvidia (NVDA), OpenAI, Google (GOOGL), Amazon (AMZN) and Microsoft as part of an extended AI industry buildout, the report noted.

INTERACTIVE CLAUDE APPS: Anthropic said in a blog post that, starting Monday, Claude users can open and interact with tools in Claude. “Build and update project timelines in Asana,” the post reads. “Draft, edit and send Slack messages in a formatted preview. Visualize ideas as diagrams in Figma-all without switching tabs. Claude already connects to your tools and takes actions on your behalf. Now those tools show up right in the conversation, so you can see what’s happening and collaborate in real time.” The new feature is available on web and desktop for Pro, Max, Team, and Enterprise plans.

Meanwhile, Financial Times’ Ivan Levingston and George Hammond reported that Anthropic is set to raise about $20B from venture capitalists and other investors, double the amount it had targeted in a sign of surging investor enthusiasm for the high-profile AI start-up. The fundraising deal, which is close to being finalized, would value the company at $350B, said people familiar with the matter. The upsized transaction underscores Anthropic’s growing momentum as chief rival to the ChatGPT maker OpenAI. Anthropic had been in talks to raise about $10B from investors to finance its expansion plan. However, that amount has since doubled because of the high level of investor demand to back the company.