The Week Ahead in AI: AI Layoffs, Perplexity Launches Mac AI Agent, Jensen Huang Speaks to SMU Grads, Plus Funding, Upcoming Earnings & AI Week New York

Welcome to AI Insider’s The Week Ahead in AI. See the key developments and events we’re watching May 10- 16.

Weekend AI News Briefs

Oracle’s AI-Driven Mass Layoff of 30,000 Draws Backlash Over Severance Terms and Forfeited Stock

Oracle’s reported March 31 layoff of an estimated 20,000 to 30,000 employees has triggered employee criticism over severance terms, particularly the company’s decision not to accelerate unvested stock grants that some workers said were worth hundreds of thousands of dollars. Former employees also raised concerns about Oracle classifying some hybrid workers as remote employees during the layoffs, while a petition signed by at least 90 workers urged the company to match severance packages previously offered by Meta, Microsoft and Cloudflare during AI-related restructurings. (AI Insider)

Cloudflare Cuts 20% of Workforce Citing AI Productivity Gains as Quarterly Revenue Hits Record $639M

Cloudflare announced its first mass layoff, cutting about 1,100 employees, or roughly 20% of its workforce, as the company reported record quarterly revenue of $639.8 million, up 34% year over year. Company executives said the restructuring reflected growing internal use of AI tools across engineering, HR, finance and marketing operations, with autonomous AI systems increasingly handling coding review and other productivity tasks. (AI Insider)

Davis Closes €4.6M Funding Round to Deploy Proprietary AI Model for Architectural Design Under Regulatory Constraints

Paris-based AI real estate startup Davis raised €4.6 million in a pre-seed round led by Heartcore Capital and Balderton Capital to expand its AI-driven architectural and feasibility planning platform. The company also launched Gaudi-1, a model designed to generate architect-grade floor plans and building layouts under real-world regulatory constraints while combining AI generation with human expert review. (AI Insider)

AI Library Raises Pre-Seed Funding to Automate Enterprise Software Delivery With AI Agents

AI Library, an outcome-based software delivery startup founded in 2023, raised $560,000 in pre-seed funding at a $7.5 million valuation cap to expand its AI agent-driven enterprise software deployment platform. The company also launched an MCP infrastructure layer designed to give coding agents structured access to enterprise tools, data and workflows while reducing fragmented integrations and improving reliability for AI deployments. (AI Insider)

Modicus Prime Announces $8M in Funding to Enable AI Audit Readiness Across Pharma

Modicus Prime raised an additional $4.5 million led by Frist Cressey Ventures, bringing total funding to $8 million, to expand its AI compliance software for pharmaceutical companies operating in regulated manufacturing and quality-control environments. The company said its platform is designed to help drugmakers manage audit-ready AI systems across FDA and EMA regulatory frameworks while integrating with existing pharmaceutical technology and quality management systems. (AI Insider)

Perplexity Launches Personal Computer AI Agent for All Mac Users to Rival Local AI Assistants

Perplexity opened its Personal Computer feature to all Mac users through a new desktop app that allows AI agents to access local files, native applications, web tools and hundreds of external connectors for multi-step workflows. The company said the system operates through a secure server-based environment and can also be accessed remotely through iPhone integration and the company’s Comet browser platform. (AI Insider)

Nvidia Founder, CEO Jensen Huang to Carnegie Mellon University Graduates: ‘Shape What Comes Next’

Nvidia CEO Jensen Huang told Carnegie Mellon University graduates they are entering a new industrial era shaped by artificial intelligence, accelerated computing and scientific discovery during the university’s 128th commencement ceremony, where he also received an honorary Doctor of Science and Technology degree. Carnegie Mellon awarded more than 5,800 undergraduate and graduate degrees during the ceremony, which also highlighted the university’s growing role in robotics and AI education. (Carnegie Mellon University)

Upcoming Earnings

Dot Ai (DAIC)

Dot Ai is scheduled to report first-quarter 2026 financial results on May 11, after the market close, with management set to host an investor conference call at 4:30 p.m. ET to discuss earnings results, provide a corporate update and answer investor questions. The company develops IoT and AI-based software-as-a-service technology focused on asset intelligence and industrial technology applications. (Nasdaq)

Richtech Robotics (RR)

Richtech Robotics is estimated to report earnings on May 13, with analysts forecasting a quarterly loss of 3 cents per share, according to Zacks Investment Research. The consensus estimate compares with a reported loss of 4 cents per share in the same quarter last year. (Nasdaq)

Alibaba Group Holding (BABA)

Alibaba Group Holding is expected to report fiscal fourth-quarter 2026 earnings on May 13, before the market open, with analysts forecasting earnings of $1.02 per share for the quarter ended March 2026, according to Zacks Investment Research. The consensus estimate compares with reported earnings of $1.57 per share in the same quarter last year. (Nasdaq)

Cisco Systems (CSCO)

Cisco Systems is expected to report fiscal third-quarter 2026 earnings on May 13, after the market close, with analysts forecasting earnings of 86 cents per share for the quarter ended April 2026, according to Zacks Investment Research. The consensus estimate compares with reported earnings of 78 cents per share in the same quarter last year. (Nasdaq)

Upcoming Events

AI Week New York 2026

May 11–17, New York City, a citywide, community-led tech festival organized by Pulse NYC featuring 100+ events, 20,000+ expected attendees, panels, workshops, talks, demos, and networking opportunities across themes including generative AI, enterprise AI implementation, ethical AI, infrastructure, future of work, startups, and social impact. The week includes the flagship Brooklyn Tech Expo on May 12 in Dumbo, Brooklyn’s largest annual tech conference with 1,000+ attendees focused on AI and emerging technologies, seminars, and real-world applications. (Pulse NYC)

SaaStr AI Annual 2026

May 12–14, San Francisco Bay Area (San Mateo), billed as the world’s largest B2B + AI gathering bringing together 10,000+ founders, executives, and VCs for 200+ tactical sessions on deploying AI agents at scale, shipping AI products, building AI-native operating models, monetization, and organizational transformation. Features speakers from OpenAI, Anthropic, Databricks, and other leading companies, plus dedicated summits for revenue, customer, and marketing leaders, extensive networking, and VC matchmaking on an immersive campus. (SaaStr AI Annual 2026)

Gartner Data & Analytics Summit London 2026

May 11–13, London, UK (ExCeL London), a conference for CDAOs, heads of AI, data and analytics leaders, and executives, covering data management, agentic AI, generative AI, governance, architecture, modernization, and delivering measurable business value from data and AI initiatives. It draws thousands of senior leaders for strategy-focused sessions and trends analysis. (Gartner)

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