Digital Innovation: Mar 15 (5 stories)

Here is your Daily summary for Technology across the world for Sun 15th March 2026

Meta is reportedly contemplating layoffs that could impact up to 20% of its workforce, a move aimed at mitigating the financial strain from its substantial investments in AI infrastructure and talent acquisition. Meanwhile, Apple has introduced the iPhone 17e, positioning it as a competitive alternative to the pricier iPhone 17, reflecting the company's strategy to cater to a broader market segment.

In the AI sector, Chinese startup Moonshot AI is making waves by seeking to raise up to $1 billion, which would elevate its valuation to $18 billion, highlighting the surging interest in AI innovation within China. Conversely, Honda's decision to discontinue its electric vehicles in the U.S. signals a significant retreat from the EV market, potentially hindering its competitiveness in the future. Additionally, Musk's xAI is undergoing another overhaul, with new leadership aiming to refine its AI coding tool after previous setbacks.