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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Elon Musk reorgs xAI amid talent X-odus

Alexei Oreskovic
By
Alexei Oreskovic
Alexei Oreskovic
Editor, Tech
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Alexei Oreskovic
By
Alexei Oreskovic
Alexei Oreskovic
Editor, Tech
Down Arrow Button Icon
February 12, 2026, 5:36 AM ET
Updated February 12, 2026, 5:36 AM ET
LIONEL BONAVENTURE/AFP via Getty Images
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Good morning. Despite living in America’s tech capital of San Francisco, I have yet to encounter anyone wearing Meta’s Ray-Ban AI smart glasses. This seems especially weird in light of Wednesday’s news that EssilorLuxottica, the Ray-Ban parent company that makes the Meta smart glasses, sold more than 7 million pairs of them in 2025.

Compared to the 1.25 billion smartphones that shipped last year, seven million is small potatoes. But for a new(ish) technology in a form factor with plenty of doubters, seven million people is not too bad.

Google Glass (remember that) never sold anywhere close to seven million units, yet one would see folks wearing them—and lampooned—often enough in San Francisco. Meta’s Ray-Ban glasses are less conspicuous, of course. That means less backlash, which is good. But it also means the product is less visible and its success less immediately evident.

Today’s tech news below.

Alexei Oreskovic
@lexnfx
alexei.oreskovic@fortune.com

Want to send thoughts or suggestions to Fortune Tech? Drop a line here.

Musk reorgs xAI after X-odus

Elon Musk is reorganizing xAI, the AI startup that he recently merged with SpaceX and which has suffered a talent exodus in recent weeks.

Musk told staff Wednesday that xAI will be organized into four core groups: the Grok chatbot and voice tech, the Imagine video product, Coding, and the agentic MacroHard business (a Muskian play on the name Microsoft), Bloomberg reported.

In a post on X, Musk said the reorg was made to "improve speed of execution," and said "this unfortunately required parting ways with some people."

Jimmy Ba, a cofounder who had led research and safety teams, announced his departure on Tuesday, just one day after fellow cofounder Tony Wu announced he was leaving. Six of the original 12 founding members are now gone, with five of the exits occurring within the past year alone. High turnover in the AI industry has not been unusual in recent months—with researchers often jumping ship to rival labs or leaving to start their own ventures—but the scale of the exits at xAI is unusual.

Notably, the departures come around the time Musk has merged xAI with SpaceX, with plans to take the combined entity public as early as June. If they continue, the wave of exits could complicate those plans and spook potential investors.

The exact reasons for the departures are unclear, but internal tensions have reportedly surfaced over the pace of product development amid intense competition from OpenAI and Anthropic. The company has also weathered controversies concerning its Grok chatbot, which came under scrutiny after X was flooded with AI-generated non-consensual imagery.—Beatrice Nolan

More Siri snags at Apple

In June 2024, Apple said that a new AI-capable Siri was on the way. It's now 2026 and we're still waiting. And the wait may be getting even longer. 

The company is considering delaying its plans to release the new Siri in March due to a seemingly never ending stream of technical problems, Bloomberg reports. The problems include slow processing times for some requests, accuracy issues, and a bug that cuts off users who speak too quickly. Apple recently announced it would incorporate Google's Gemini AI technology for future versions of Siri, though the version being tested still inadvertently reverts to OpenAI technology (which Apple previously had a partnership with), according to Bloomberg. 

The upshot is that Apple may be forced to release new Siri features piecemeal over the coming year, with bits of Siri sprinkled in the release of iOS 26.5 this May and other bits in iOS 27 in September. —AO

Google's Guthrie case breakthrough

Google provided a major breakthrough in the investigation into the disappearance of Nancy Guthrie when it surfaced video of an apparent intruder entering her home.

On Tuesday, the FBI shared footage of a masked and armed person of interest entering the home of Today Show host Savannah Guthrie's 84-year-old mother on the night she disappeared. Guthrie had a Nest camera on her front door, but the footage was presumed lost because she didn’t pay for a premium subscription. It turns out that the engineers at Google, which owns Nest, were able to recover the data through a technically complex process that took several days, CNN chief media analyst Brian Stelter reported.

The feat of engineering is a huge help in the effort to find Guthrie and bring her home, but the footage is also raising some uncomfortable questions around digital privacy and surveillance. “Fortunate for this case but don’t know how I feel about them recording everything- I just don’t have access unless I pay,” one X user said in reaction to Stelter’s post.—Ashley Lutz

More tech

—Instagram boss Adam Mosseri takes the stand. "Not clinically addictive."

—Anthropic says it will help offset electricity price increases. Will work utilities on infrastructure.

—OpenAI researcher quits because of ads. Facebook's "mistakes."

—Pentagon pushing AI companies to expand on classified networks.

—Will AI change your office space design? 

This is the web version of Fortune Tech, a daily newsletter breaking down the biggest players and stories shaping the future. Sign up to get it delivered free to your inbox.
About the Author
Alexei Oreskovic
By Alexei OreskovicEditor, Tech
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Alexei Oreskovic is the Tech editor at Fortune.

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