Here's your afternoon, TNB Tech Minute, for Tuesday, June 16th. I'm Julie Chang for the Wall Street Journal.

SpaceX shares paired gains after the rocket company overtook Amazon to become the world's fifth most valuable public company.

The Elon Musk-led company's stock rose as much as 17% in early trading before falling

back. SpaceX ended the day nearly 5% higher, with its market capitalization narrowly leapfrogging the

e-commerce giant. We exclusively report that Databricks is releasing AI agents for businesses.

The company says its new Genie One is an agenic coworker that will help professionals get answers and make decisions using corporate data.

Databricks, valued at $134 billion, provides the underlying layer for storing and organizing data in the cloud.

It's been pushing further into Enterprise AI as it aims to carve out a place in the AI era.

The company reported a revenue run rate of over $1.7 billion from its AI products up from over

$1 billion last September. Albertsons and Rivian are already using Databricks's new AI agents to analyze data for

merchandising and operational insights.

And a challenging day for the job market as both Rivian and Robin Hood announced significant

staff cuts. Rivian laid off hundreds of employees today.

A spokesperson for the EV startups said the cuts represent less than 2% of the workforce.

The job cuts affect employees in Rivian service and customer organization, which handle sales

and marketing. The company said it restructured to ensure it can profitably scale the business.

Robin Hood said it'll lay off about 10% of its workforce, eliminating roughly 290 jobs in a bit

to keep the brokerage firm lean and, quote, maximize its talent density. This is Robin Hood's first

major layoff in three years. The company said it's seeing record

average trading volumes in stocks, options, and prediction markets so far this month. And that's

it for your T&B Tech Minutes. We'll have another quick tech update in the morning.