Eight Times
Anthropic planned to grow 10x in 2026. The actual run rate is 80x — an 8x miss against its own raised forecast. The forecast miss forced a $200B Google commitment and a deal to take 100% of SpaceX's Colossus 1, leased from the man Anthropic's founders left OpenAI partly to escape.
OpenAI launches GPT-5.5 Instant, which it says is smarter and has more accurate and personalized responses, replacing GPT-5.3 Instant as ChatGPT's default model
We're updating ChatGPT's default model, available to everyone, to be smarter and more accurate, with clearer, more concise answers that feel better tailored to you.
SpaceX signs an agreement with Anthropic to provide access to Colossus 1, and says Anthropic expressed interest in partnering for orbital compute capacity
SpaceXAI has signed an agreement with Anthropic to provide access to Colossus 1, one of the world's largest and fastest-deployed AI supercomputers.
Kaspersky says Daemon Tools, a widely used app for mounting disk images, was backdoored on April 8 in a monthlong compromise that has pushed malicious updates
Daemon Tools, a widely used app for mounting disk images, has been backdoored in a monthlong compromise that has pushed malicious updates …
The US Commerce Department's CAISI says Google, Microsoft, and xAI join OpenAI and Anthropic in granting early access to evaluate models prior to public release
Alphabet Inc.'s Google, Microsoft Corp. and xAI have agreed to give the US government early access to their artificial intelligence models …
AMD reports Q1 revenue up 38% YoY to $10.25B, above $9.89B est., Data Center revenue up 57% YoY to $5.8B, and forecasts Q2 revenue above est.; AMD jumps 15%+
Advanced Micro Devices (AMD.O) forecast second-quarter revenue above Wall Street expectations on Tuesday, helped by keen demand …
Musk v. Altman: Greg Brockman testified about tense negotiations with Musk in 2017, saying “he knows rockets, he knows electric cars” but “does not know AI”
OpenAI President Greg Brockman testified that Elon Musk called a ChatGPT predecessor “stupid,” …
Apple reaches a $250M settlement in a California federal court in a false advertising class action lawsuit over its 2024 announcement of a “personalized” Siri
iPhone buyers sued the tech giant for touting features in 2024 that have yet to launch
Source: Anthropic plans to spend ~$200B on Google's Cloud and chips over five years, representing 40%+ of the “revenue backlog” that Google disclosed last week
When Google last month said it would supply Anthropic with an astonishing five gigawatts of server capacity …
Google Chrome silently installs a ~4GB Gemini Nano model on desktop devices; Google says it has been offered since 2024 and users can remove it via settings
The ongoing march of AI features continues to go on, whether you want it to or not, and a recent update to Google Chrome probably installed …
Sources: DeepSeek is in talks to raise $3B to $4B led by China's national AI fund, valuing DeepSeek at up to $50B
Chinese AI startup DeepSeek could be valued at up to $50 billion in its maiden fundraising drive, three sources said, as the large language model builder seeks to reverse …
Memo: Xbox CEO Asha Sharma overhauls the group's leadership, including bringing over executives from Microsoft's CoreAI engineering unit where she worked before
Microsoft Xbox CEO Asha Sharma told employees in a Tuesday memo that she's appointing new leaders, as the software company looks to return its video game unit to growth.
Study: US schools with strict cellphone bans in class have not seen higher test scores on average so far, but students reported a greater sense of well-being
Cellphone bans got devices out of students' hands, according to the first large study. But behavior and academics have not improved, at least so far.
Anthropic updates Claude Managed Agents with “dreaming”, a scheduled process that reviews recent work and updates memory, available in research preview
In April, Anthropic launched the public beta of Managed Agents, its platform for running AI agents on its infrastructure.
Sources: Meta is building an OpenClaw-inspired agent, internally called Hatch and powered by its Muse Spark model, and an agentic shopping tool in Instagram
Meta Platforms is building a consumer version of the AI agent OpenClaw and a new agentic shopping tool, people familiar with the efforts said …
Sources and a document: Google is testing a “personal agent” codenamed Remy in the Gemini app that integrates with Google services to take actions for users
- Google is working on an AI agent codenamed “Remy,” according to an internal document. — Remy is described as a …
GlobalFoundries reports Q1 revenue up 3% YoY to $1.63B, matching est., and forecasts Q2 revenue and adjusted earnings above est.; GFS closed up 9.28% on May 5
Contract chipmaker GlobalFoundries (GFS) on Tuesday beat earnings estimates on in-line sales for the first quarter.
Nvidia invests $500M in Corning, which will grow its US optical connectivity capacity by 10x and expand its US fiber production capacity by 50%+; GLW jumps 12%
Corning will boost its U.S.-based optical connectivity manufacturing capacity by ten times — Nvidia is investing $500 million …
Sources: the White House is mulling EOs to address advanced AI security risks, including barring companies from “interfering” with the government's model usage
A White House spokesperson said any official policy announcement would come directly from President Donald Trump …
Super Micro reports Q3 revenue up 123% YoY to $10.24B, below $12.33B est., and forecasts Q4 revenue and adjusted profit above est.; SMCI jumps 15%+
Super Micro Computer (SMCI.O) on Tuesday forecast fourth-quarter revenue above Wall Street estimates, banking on robust demand …
Arm reports Q4 revenue up 20% YoY to $1.5B, says AGI CPU demand will drive $2B in sales in 2027 and 2028, over 2x its prior guidance; ARM jumps 11%+ after hours
SoftBank-backed UK group says its first in-house semiconductor has drawn strong demand — Arm shares jumped 10 per cent …
DoorDash reports Q1 revenue up 33% YoY to $4.04B, vs. $4.14B est., and forecasts Q2 marketplace gross order value above estimates; DASH jumps 11%+ after hours
DoorDash (DASH.O) on Wednesday forecast second-quarter marketplace gross order value above analysts' estimates …
Snap reports Q1 revenue up 12% YoY to $1.53B, in line with est., and says it ended its $400M Perplexity deal announced in November; SNAP drops 4%+ after hours
Snap shares dropped about 4% in extended trading after the company reported first-quarter earnings on Wednesday …
Musk v. Altman: Mira Murati testifies that Sam Altman lied to her about the safety standards for a new OpenAI model and that he made her work more difficult
OpenAI's former CEO testified under oath that Altman lied to her. … Mira Murati, OpenAI's former CTO, has testified under oath …
reMarkable Paper Pure review: the new $399 e-paper slate has a great display, responsiveness, and design, but no backlight or typing, and some software issues
rating : 8.3 / 10 — Class-leading handwriting - Better responsiveness — There's a lot riding on reMarkable's Paper Pure …
Sources: Apple plans to let iOS 27 users choose from multiple third-party AI models to perform tasks like generating and editing text and images
Apple Inc. will let users choose from a range of outside artificial intelligence services to power features across its software …
Google releases Multi-Token Prediction drafters for its Gemma 4 models, which use a form of speculative decoding to guess future tokens for faster inference
Google launched its Gemma 4 open models this spring, promising a new level of power and performance for local AI.
Coupang reports Q1 revenue up 8% YoY to ~$8.5B and a ~$266M net loss, its largest since Q4 2021, after a 2025 South Korean customer data breach; CPNG drops 10%+
US-listed e-commerce giant Coupang Inc. said Wednesday it swung to a net loss in the first quarter amid fallout from a massive customer data breach in South Korea.
Study: using weaker AI models to supervise a more capable model could prevent the stronger model from deliberately underperforming on benchmarks and evaluations
New paper from MATS, Redwood, and Anthropic! If a capable model is strategically sandbagging, can we train it to stop when the only supervision we have comes from weaker models? We find that we can! W...
Doc: SpaceX proposes spending $55B to begin building a Terafab chip facility in Grimes County, Texas, and estimates total capital expenditures could hit $119B
Elon Musk's SpaceX is proposing to spend $55 billion to begin construction of a new semiconductor production facility in Texas …
Micron closed up 11% on May 5 after announcing it began shipping its highest-capacity SSD, passing a $700B market cap for the first time; Sandisk closed up 12%
Micron's historic rally continued on Tuesday, with shares of the memory maker surging 11%, lifting the company's market cap past $700 billion for the first time.
A profile of David Sacks, the White House's AI and crypto adviser since December 2024, who is ruthlessly devoted to self-interest and helped pass the GENIUS Act
How David Sacks and the new tech right went full MAGA and captured Washington — the courtship between Silicon Valley and MAGA …
Sources: DeepSeek is in talks to raise funds, and the Big Fund, China's biggest state-backed chip fund, is seeking to lead the investment at a ~$45B valuation
Value soars in ongoing fundraising discussions as investors including Tencent seek slice of AI lab
SCOTUS rejects Apple's request to temporarily block a judicial order in the Epic Games lawsuit that found Apple in violation of court-mandated App Store changes
WASHINGTON, May 6 (Reuters) - The U.S. Supreme Court rejected on Wednesday Apple's (AAPL.O) request to temporarily block …
Corgi, which provides insurance for startups and uses AI to generate quotes, manage claims, and more, raised a $160M Series B led by TCV at a $1.3B valuation
Named after the company-owned dog, Corgi embodies the sometimes-absurd San Francisco startup scene. Now it's worth $1.3 billion, after raising $160 million.
Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying “AI is changing how we work”
London-based Ethos, which lets companies use AI for hiring, including for voice interviews and profile analysis, raised a $22.75M Series A led by a16z
The London-based AI expert-matching platform, founded by ex-DeepMind and ex-McKinsey alumni, is being valued at the moment hiring is becoming …
The UK FCA says it is investigating PayPal, Mastercard, and Visa for alleged anti-competitive behavior; Visa says it is “regarding the PayPal digital wallet”
Move is rare exercise of Financial Conduct Authority's competition law powers — PayPal, Mastercard and Visa are being investigated …
Security camera companies are embracing AI to give customers detailed descriptions of surveillance footage, which are often spot on but can also be wildly wrong
AI descriptions, designed to give customers more detail than generic motion alerts, are mistaking brake lights for house fires and humans for bears
Google updates AI Mode and AI Overviews to add “a preview of perspectives” from firsthand sources like social media and Reddit, presented as “Expert Advice”
The new AI Mode and AI Overviews updates bring in perspectives from firsthand sources like social media and web forums.
Match Group reports Q1 revenue up 4% YoY to $864M, above $855M est., and says Tinder's new user registrations grew for the first time since 2024, up 1%
Match Group Inc. reported first-quarter revenue that beat analysts' estimates as a decline in Tinder users moderated …
Uber reports Q1 revenue up 14% YoY to $13.2B vs. $13.3B est., gross bookings up 25% to $53.7B vs. $52.9B est., forecasts Q2 bookings above est.; UBER jumps 8.5%
Ride-hailing company posts weaker than expected first-quarter revenues but issues optimistic outlook
Google DeepMind takes a minority stake in the maker of Eve Online, a multiplayer role playing game set in outer space, and plans to train its tech on the game
Artificial intelligence research is plunging further into video games. — Alphabet Inc.'s AI lab, Google DeepMind …
Morgan Stanley rolls out a crypto trading pilot on E*Trade, charging less than Coinbase, Robinhood, and Charles Schwab, ahead of a wider launch later in 2026
Morgan Stanley is rolling out cryptocurrency trading on its E*Trade platform with a dig at rivals: cheaper pricing.
OpenAI rolls out a beta version of its new Ads Manager tool to advertisers in the US, making it easier for SMBs to buy ChatGPT ads on a cost-per-click basis
OpenAI has launched a self-serve advertising platform, executives said, marking a significant step in its goal of generating $2.5 billion …
OpenAI partners with Microsoft, AMD, Broadcom, Nvidia, and Intel researchers to detail the Multipath Reliable Connection (MRC) protocol to help scale compute
OpenAI is getting creative to deal with the industry's imminent compute crunch. … The protocol, which has been in the works for two years …
Google quietly shuts down Project Mariner, its AI agent that navigated Chrome and completed tasks on a user's behalf, after highlighting it onstage at I/O 2025
NEW: Google quietly shut down Project Mariner yesterday, the web-browsing AI agent it highlighted onstage last year at Google IO. I reported for WIRED, nearly 2 months ago, that Google had moved staff...
Hachette, Macmillan, McGraw Hill, Elsevier, and Cengage, alongside novelist Scott Turow, file a class-action copyright lawsuit against Meta and Mark Zuckerberg
Sources: Alphabet sold its biggest-ever euro-denominated bonds, raising €9B, and its first Canadian dollar notes, raising CA$8.5B, months after raising $20B
Alphabet Inc. needs to borrow heavily to fund investments in artificial intelligence, and it's increasingly tapping every market to do so.
Sources: Microsoft is considering delaying or dropping its 2030 goal of matching its hourly power use with renewable energy purchases, amid the data center boom
Microsoft Corp. may shelve one of the industry's most ambitious clean-energy targets as it tries to remove hurdles that could hold …
Sources: in a reshuffle, LinkedIn CEO Ryan Roslansky will lead Microsoft's new Work Experiences Group, including Teams, after 35-year veteran Rajesh Jha retired
The departure of veteran executive Rajesh Jha has triggered big organizational changes inside Microsoft.
A medical student reverse-engineered AI tools used by medical colleges on suspicion they were filtering his applications, highlighting AI-driven hiring concerns
Armed with some Python and a white-hot sense of injustice, one medical student spent six months trying to figure out whether an algorithm trashed his job application.
Instacart reports Q1 revenue up 14% YoY to $1.02B, above $1.01B est., GTV up 13% YoY to $10.29B, and orders up 10% YoY to 91.2M, as users focus on affordability
First-quarter revenue rose 14% to $1.02 billion — Instacart reported higher first-quarter revenue and said consumers …
Finnish AI lab QuTwo, led by ex-AMD Silo AI CEO Peter Sarlin, raised a €25M angel round at a €325M valuation, and secures $23M in committed partnership revenue
QuTwo, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million …
Germany-based eleQtron, which develops trapped-ion quantum computing processors using proprietary tech, raised a €57M Series A led by Schwarz Digits
With new funding, eleQtron will scale its trapped ion quantum computing technology, expand access to its systems …
Instacart reports Q1 revenue up 14% YoY to $1.02B, GTV up 13% to $10.29B, and orders up 10%, compared with a 16% growth a year earlier; CART drops 8.18%
Instacart (CART.O) on Wednesday forecast second-quarter gross transaction value above Wall Street expectations and said shoppers …
Corning and Nvidia partner to open three advanced manufacturing plants in North Carolina and Texas dedicated to optical tech for Nvidia, creating 3,000+ jobs
Nvidia, the chipmaker at the center of the artificial intelligence boom, is partnering with glassmaker Corning for three …
Pennsylvania sues Character.AI, alleging that one of its characters posed as a psychiatrist, as the state seeks to prevent chatbots from impersonating doctors
Apple's R&D spending hit 10.3% of revenue in Q2, up from 7.6% in Q1 and 9% in Q2 2025, amid the AI boom; Q2 revenue rose 17% YoY, while R&D jumped 34% YoY
For the first time in at least 30 years, Apple is spending more than 10 cents of every dollar it brings in on research and development …
Sources: Denver-based, Blue Owl Capital-owned Stack Infrastructure is considering selling all or some of its Asia data center operations in an up to $30B deal
Stack Infrastructure Inc., a data center company owned by Blue Owl Capital, is considering options including a sale of its Asia operations …
CRM software company Freshworks said it plans to cut 11% of its workforce, or ~500 jobs, as it navigates industrywide AI disruptions; FRSH is down 20%+ in 2026
Freshworks (FRSH.O) said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company navigates …
Anthropic unveils 10 new AI agents for the financial sector, including for drafting pitch decks, reviewing financial statements, and escalating compliance cases
Subquadratic launches with a $29M seed and debuts SubQ, an LLM that uses a subquadratic sparse attention architecture to achieve a 12M-token context window
DefiLlama: investors pulled nearly $14B from the DeFi space after North Korea-tied hackers stole $290M from Aave in April, weeks after stealing $280M from Drift
DeFi was once touted as the future of finance but traders have grown concerned over the security of these projects
Crypto miner Hut 8 signs a lease worth $9.8B+ over 15 years to provide computing power to a “high-investment-grade company” at its Nueces County, Texas campus
Hut 8 Corp., a cryptocurrency miner that is shifting to developing artificial intelligence data center capacity …
Following its SpaceX deal, Anthropic doubles Claude Code's five-hour rate limits for paid plans and removes peak hours limit reduction for Pro and Max plans
We've agreed to a partnership with SpaceX that will substantially increase our compute capacity.
Filing: Meta asks a judge to overturn the jury's verdict in the Los Angeles social media addiction trial or order a new trial, citing Section 230 protections
Meta Platforms (META.O) has asked a Los Angeles judge to throw out a jury's verdict finding the company liable for a woman's depression …
Samsung reaches a $1T valuation, making it only the second Asian company after TSMC to hit the mark, after its stock rose 4x+ over the past year on the AI boom
a16z crypto raised $2.2B for its fifth fund, down from its record $4.5B Fund 4 in May 2022, taking its total capital raised across five funds to ~$9.8B
Source: Alphabet is in talks with Blackstone, KKR, and EQT to let their portfolio companies access its models, after OpenAI's and Anthropic's JVs with PE firms
Infineon expects data center revenue to grow from ~€1.5B in FY2026 to €2.5B in FY2027, as it and EU peers STMicro and NXP benefit from AI infrastructure demand
Accounting software company Visma's delayed €19B IPO is a major setback for London-based private equity and buyout parent company Hg amid the “SaaSpocalypse”
ElevenLabs raised $550M+ in its Series D, up from a previously announced $500M, adding BlackRock, Nvidia, and others as investors; its ARR passed $500M in Q1
A US court sentences a Latvian national from Moscow to 8.5 years in prison for his extortions while he was a negotiator for Russia's Karakurt ransomware group
Nace.AI, which lets companies build specialized AI models tailored to their business' mission and language, raised a $21.5M seed led by Walden Catalyst
Musk v. Altman: Shivon Zilis testifies her relationship with Musk didn't influence her duties as an OpenAI board member; she left in 2023 after Musk started xAI
“When the father of your babies starts a competitive effort and starts recruiting from OpenAI there is nothing to be done,” …
Magnitt: startup funding in the Middle East and North Africa was flat YoY at $799M in Q1 amid the Iran war; Saudi VC firms are pressing ahead with fundraising
Saudi Arabian venture capital firms are pressing ahead with fundraising and deployment as they navigate disruptions from the regional conflict.
EA reports Q4 net bookings up 3.6% YoY to $1.86B, below $2B est., weighed down by a post-launch drop-off in engagement for Battlefield 6
Astrocade, which lets users create video games using natural language prompts, raised $56M, including a Series A and a Series B, and says it has ~5M MAUs
US labor experts and economists warn US unemployment benefits are unlikely to protect against AI job losses, and the GOP-led Congress is doing little to prepare
Musk v. Altman: Greg Brockman said OpenAI expects to spend $50B on computing in 2026, up from ~$30M in 2017; OpenAI told investors it would spend ~$600B by 2030
Rachel Metz /Bloomberg:
Blitzy, which says its platform autonomously completes months of software development, raised $200M led by Northzone at a $1.4B valuation
Anthropic says it signed a deal with SpaceX to use “all of the compute capacity” at Colossus 1, giving it access to over 300 MW of new capacity within the month
Anthropic said Wednesday it has struck a deal to gain access to compute capacity from Elon Musk's SpaceX …