Latent Space: Anthropic Growing 10x/Year While Block (40%), Coinbase (14%), Cloudflare (20%) Lay Off Workforces — The AI Bifurcation Is Here

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Latent Space's May 9 newsletter frames the AI industry's starkest divide: frontier labs (Anthropic, Cohere, Mistral, Perplexity) are aggressively hiring while traditional tech companies restructure workforces around AI. Block cut 40%, Coinbase 14%, Cloudflare 20%, Meta 10% — all citing AI efficiency gains. The divergence signals a permanent structural shift, not a temporary cycle.