The Stack — July 27, 2026

Today's technology briefing covers significant developments in industry moves and infrastructure.

Industry

The Boring Company's Funding Efforts: Elon Musk's The Boring Company is reportedly in talks to raise a substantial $4 billion funding round, targeting a $20 billion valuation. This reflects a significant increase from its previous $5.7 billion valuation in 2022. The company continues to pursue its ambitious plans for tunnel networks despite facing regulatory hurdles.

Monday.com Layoffs and AI Strategy: Monday.com has announced layoffs affecting about 20% of its workforce. This decision is part of a broader trend where tech companies are restructuring around AI-driven strategies, which often result in workforce reductions. This trend is echoed across the tech industry, with major firms like Amazon, Oracle, Meta, and Microsoft also implementing job cuts while AI-focused companies expand their hiring.

Travis Kalanick's New Venture, Atoms: Former Uber CEO Travis Kalanick has successfully raised $1.7 billion for his new venture, Atoms, which focuses on industrial AI and automation. Uber's participation in the funding round, despite past controversies, underscores the ongoing interest in AI-driven industrial solutions.

Nokia's AI Infrastructure Focus: Nokia is pivoting towards AI infrastructure, enhancing its offerings in data centers with a notable acquisition of optical equipment manufacturer Infinera for $2.3 billion. This move, along with leadership changes and a new stake by Nvidia, positions Nokia as a potential key player in the AI market, though it faces challenges like component shortages.

Infrastructure

Tesla's Operational Challenges: Tesla is experiencing financial challenges despite increased revenue, with a decline in robotaxi miles and a focus on new product investments leading to negative cash flow. The company is also seeking specific driving data to support the development of new vehicle models like the Cybercab.

Aurora's Driverless Trucks Expansion: Aurora has launched its second-generation driverless trucks, which will be deployed on the Dallas-to-Houston route. The company plans to expand its fleet to 200 trucks by the year's end, marking a significant advancement in autonomous freight operations.

Ford and Apple Maps Integration: Ford has announced plans to integrate Apple Maps into its next generation of electric vehicles, starting in 2027. This partnership aims to enhance Ford's EVs with advanced navigation capabilities, reflecting a strategic focus on improving user experience through technology integration.

These developments highlight ongoing shifts in the tech industry, with a strong emphasis on AI and infrastructure advancements driving strategic decisions and investments.