Cloudflare is laying off 1,100 employees to prioritize AI, as Anthropic targets a $50 billion fundraise at a $900 billion valuation. Massive AI spending has pushed the combined free cash flow of tech giants to its lowest level since 2014. Elsewhere, the U.S. will begin revoking passports for parents with significant unpaid child support, and officials warn of potential AI-driven cyberattacks.