Evening Scan

Elon Musk's $150 billion lawsuit against OpenAI ended with a unanimous jury verdict and a judge's dismissal of remaining claims. Meta's layoff cuts take effect tomorrow. Blackstone and Google closed a TPU joint venture aimed at chipping away at NVIDIA's enterprise dominance.

$200B+ — Meta's projected spend on its Hyperion data center campus in Louisiana, targeting 5 GW of compute capacity. (Bloomberg)

Elon Musk Loses OpenAI Trial — Jury and Judge Both Side With Altman

Nine jurors unanimously found Musk waited too long to sue. The judge dismissed the remaining claims on the merits — a clean sweep for OpenAI with more legal fights still queued up. (Ars Technica)

Standard Chartered Plans to Cut 7,800 Back-Office Jobs to AI by 2030

HR, risk, and compliance functions shrink by more than 15% over five years. The CEO called it efficiency—the word banks use when they mean replacement. (The Next Web)

Meta Reassigns 7,000 Workers to AI Units Ahead of Tomorrow's 10% Layoffs

The internal memo landed before the pink slips: 7,000 people moving into four new AI-focused units while 10% of the workforce gets cut on May 20. (New York Times)