Cisco reports Q3 revenue up 12% YoY to $15.84B, above $15.56B est., raises its FY 2026 AI orders forecast, and is cutting fewer than 4,000 jobs; CSCO jumps 15%+
Cisco shares soared 17% in extended trading on Wednesday after the networking company issued results and guidance that topped Wall Street's projections.
Instagram rolls out Instants, which lets users share ephemeral photos, as an in-app feature and as a standalone Android and iOS app in select countries
Meta just launched a brand new iPhone app called Instants. Built around ephemeral photo sharing, the new social media app is also the latest Instagram feature.
LinkedIn says it has “implemented organizational changes”; a source says it plans to cut ~5% of its 17,500 full-time workers and focus on business growth areas
LinkedIn planned to inform staff of layoffs on Wednesday, two people familiar with the matter told Reuters, in a widening of technology sector cuts this year.
Cerebras opens at $350, valuing the chipmaker at $100B+, after raising $5.5B by selling 30M shares at $185, the largest US tech IPO since Uber's debut in 2019
Cerebras Systems soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company's expected range.
Sources: OpenAI is weighing legal action against Apple after expectations that ChatGPT's Siri integration would generate billions in revenue fell short
Apple Inc.'s two-year-old partnership with OpenAI has become strained, according to people familiar with the matter …
OpenAI adds remote access to Codex in the ChatGPT mobile app, letting users control Codex sessions running on a connected computer directly from a phone
OpenAI has released a new way to interact with its Codex app from your smartphone. An update to ChatGPT's mobile app brings remote access …
Claude Mythos Preview is the first AI model to complete both of AISI's cyber ranges, which measure AI models' cyberattack capabilities; GPT-5.5 solved only one
In February 2026, we internally estimated that the length of cyber tasks AI models could complete had doubled every 4.7 months since late 2024 …
Cerebras prices its IPO at $185 per share, above the expected range of $150 to $160 per share, raising $5.55B and valuing it at $56.4B on a fully diluted basis
Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range …
Anthropic unveils Claude Agent SDK credits for the programmatic use of tools such as OpenClaw on paid plans; users complain the move reduces subscription value
Good news, OpenClaw fans — you can once again use your Claude AI subscription to power the hit, open source, autonomous AI agentic harness!
Microsoft unveils MDASH, a security system that orchestrates 100+ AI agents to find vulnerabilities, and says it identified 16 previously unknown Windows flaws
The agentic tool, codenamed MDASH, will open to enterprise customers in private preview in June.
TikTok launches TikTok GO in the US for users to book hotels, attractions, and experiences directly in the app, partnering with Booking.com, Expedia, and others
TikTok announced on Tuesday that it's launching TikTok GO, a way for users to discover and book hotels, attractions, and experiences directly within its app.
Microsoft updates Edge with new AI features, including letting Copilot gather information from open tabs and use browsing history for more relevant answers
The new features include AI podcasts, summaries, and quizzes based on what you're browsing.
Cerebras shares closed up 68% at $311.07 in the company's Nasdaq debut after it raised $5.5B in the year's largest IPO, giving it a market value of $67B
Cerebras Systems Inc. shares jumped 68% in its trading debut after raising $5.5 billion in the year's largest IPO …
Musk v. Altman filing: Sam Altman holds $2B+ in stakes in companies that have done business with OpenAI, including a $1.7B stake in fusion startup Helion Energy
OpenAI Chief Executive Sam Altman holds more than $2 billion in companies that have done business with the artificial intelligence company …
A look at GameStop's takeover bid for eBay, a bizarre job application by GameStop CEO Ryan Cohen, who does not have the money to buy eBay, to become eBay's CEO
Also Adani Green and fund formation legal fees. — GameStop — The simple model of GameStop Corp.'s proposal to acquire eBay Inc. is:
Anthropic launches Claude for Small Business, featuring a host of automated services like bookkeeping functions, business insights, and tools for ad campaigns
Anthropic is looking to court smaller companies. To that end, the company announced Wednesday the launch of Claude for Small Business …
Netflix says its ad tier now has 250M+ monthly active viewers, up from 94M in 2025, and is expanding to 15 new countries, as it tests an ad personalization tool
The streaming service's ad-supported tier now reaches 250 million viewers each month. … For the second year in a row …
Gallup: 71% of Americans oppose local AI data center construction, citing water and electricity issues, with opposition higher among Democrats than Republicans
The survey found that Republicans and Democrats are uncomfortable living near a data center, but opposition is especially intense among Democrats.
Sources: 50+ researchers and engineers have left xAI since the SpaceX acquisition via layoffs, firings, and voluntary departures; many have joined Meta and TML
Call it the SpaceXAI exodus. — More than 50 researchers and engineers working on xAI's Grok models have left …
Q&A with Anthropic CFO Krishna Rao on the “cone of uncertainty” in AI, allocating compute, returns to frontier intelligence, platform vs. application, and more
In this episode of Invest Like The Best, Patrick O'Shaughnessy sits down with Anthropic CFO Krishna Rao …
AT&T, T-Mobile, and Verizon sign an “agreement in principle” to form a joint venture that aims to end wireless dead zones in the US, without giving many details
A new joint venture has been proposed to pool spectrum resources and improve satellite capacity.
The Senate Banking Committee advances the Clarity Act, which would make CFTC the primary regulator for most digital assets while SEC oversees digital securities
Bitcoin climbed past $80,000 after the Senate Banking Committee advanced a landmark US digital asset market structure bill after months of negotiations.
Sources: Intel has begun testing production of “low-end/legacy iPhone, iPad, and Mac processors”; Apple thinks TSMC's resources will continue tilting toward AI
... Apple has kicked off low-end/legacy iPhone, iPad, and Mac processors at Intel on the 18A-P series (using Foveros packaging).
Motorola Razr Fold review: good performance and screen, great battery life, sharp cameras, and stylus support, but heavier than the Z Fold 7 and lackluster AI
rating : 8.8 / 10 — Big, bright screens - Great battery life - Surprisingly sharp cameras - Native stylus support - Good performance
OpenAI says two employee devices were impacted via a supply chain attack on TanStack but no user data or production systems were compromised
Earlier this week, hackers hijacked several open source projects used by dozens of companies and pushed updates designed to spread malware.
Filing: Jensen Huang's foundation bought $108.3M worth of AI computing time from CoreWeave and is donating it to universities and other nonprofit institutes
The foundation of Nvidia (NVDA.O) CEO Jensen Huang and his wife, Lori, is buying computing time from CoreWeave (CRWV.O) …
OpenEvidence, an AI-powered medical search engine, says ~65% of US physicians, or ~650K doctors, and another 1.2M doctors internationally use its services
OpenEvidence, an AI-powered medical search tool, has become a fast friend to America's doctors and is now used by nearly two-thirds of physicians.
Spotify says it will adopt Apple's HTTP Live Streaming tech later in 2026, helping Spotify creators distribute video podcast shows on Apple Podcasts and Spotify
Spotify is making two video podcast announcements today, including one related to Apple's big video podcast enhancement.
Meta debuts Incognito Chat in WhatsApp and the Meta AI app, built on Private Processing, to let users talk to Meta AI; Meta says it can't access the chats
Ian Crosby's Synthetic, which is building an AI bookkeeper, raised a $10M seed led by Khosla; Crosby founded Bench, which raised $100M+ and imploded in 2024
Ian Crosby, whose previous startup Bench Accounting famously shut down in 2024 before being bought for scraps …
Sources: Apollo Global, Morgan Stanley, and others are testing Grok internally as part of xAI's finance sector push, but financiers are rarely using it for work
Elon Musk's xAI has recruited multiple Wall Street firms with ties to the billionaire's business empire to test its Grok chatbot …
As Meta prepares to lay off ~10% of its staff on May 20, sources say morale is low, and it moved 1,000+ engineers to an AI unit to build generative AI models
Next week, Meta is cutting about 10 percent of its staff. WIRED spoke with more than a dozen current and former employees …
Foxconn reports Q1 revenue up 29% YoY to ~$67B and net profit up 19% YoY to ~$1.6B, meeting est., as it boosts AI server production, its largest revenue source
Cloud and networking products—including AI servers—remained the company's largest revenue contributor
Meta President Dina Powell McCormick went with President Trump on his China trip and met King Charles III in April, indicating she's Meta's new global emissary
The social media company's vice chair is part of the group traveling with Trump to China … Tech Across the Globe
Sources: the US has cleared ~10 Chinese companies, including Alibaba, Tencent, ByteDance, and JD.com, to buy Nvidia H200 chips, but no deliveries have been made
The U.S. has cleared around 10 Chinese firms to buy Nvidia's second-most powerful AI chip, the H200, but not a single delivery has been made so far …
The UK CMA launches an antitrust investigation into Microsoft's business software dominance, focusing on its bundling of Windows, Word, Teams, and other apps
Britain launched an antitrust investigation into Microsoft's (MSFT.O) dominance in business software that could lead to targeted action …
OpenAI says it would support a global AI governance body that is led by the US and includes China as a member, similar to the International Atomic Energy Agency
OpenAI would support the creation of a global governance body for artificial intelligence led by the US and including China as a member …
Klarna reports Q1 revenue up 44% YoY to $1.01B, above est., GMV up 33% YoY to $33.7B, customers up 20% YoY to 119M, and a $1M profit, vs. a $99M loss in Q1 2025
The buy now, pay later company said first-quarter revenue jumped 44% to $1.01 billion — Klarna swung to a profit in the first quarter …
Sources: Microsoft is in discussions to acquire LLM developer Inception, and SpaceX also courted Inception; source: Inception is looking for a price of $1B+
Microsoft (MSFT.O) is shopping for artificial-intelligence startups as the software company prepares for a future independent of its once-vital partner OpenAI …
Amazon is replacing its Rufus AI shopping assistant with Alexa for Shopping, which is powered by Alexa+, on Amazon.com and its app, for all customers in the US
Rivian CEO RJ Scaringe's Mind Robotics, which is building AI-powered robots for manufacturing tasks, raised $400M, a source says at a $3.4B valuation
Ford stock jumped as much as 25% in two days after the launch of Ford Energy, a new subsidiary providing battery storage capacity to AI data centers
New subsidiary pivots to energy storage batteries for AI after disastrous electric vehicle writedown — Shares in Detroit auto giant Ford surged …
Wirestock, which says it provides multi-modal data to six of the largest foundation AI labs, raised a $23M Series A, bringing its total funding to $26M
In the past few years, creative marketplaces and platforms have realized that they are sitting on a data goldmine …
ZipRecruiter: IT and CS job postings are up 14.2% YoY in April; entry-level roles fell from 8.1% a year ago to 7.4%, while senior roles grew from 38.8% to 43.1%
Layoffs keep coming but there's still a market for higher-grade talent to harness agents — It should be a tough …
Trump Mobile says T1 Phone preorders will begin shipping to customers this week and that the first T1 phones were assembled in the US, after months of delays
Riyadh-based Stitch, which develops software for banks and financial services companies, raised a $25M Series A led by a16z, its first investment in the Gulf
Andreessen Horowitz is making its first investment in the Gulf with a fundraise for a Saudi startup, as investors continue to sign deals despite the US-Israel war on Iran.
Zhaopin: Chinese graduates returning home from abroad rose 12% YoY in 2025, fueling Beijing's plans to take on Silicon Valley; China is offering big incentives
More Chinese nationals who return home after working in the U.S., called ‘sea turtles,’ are fueling Beijing's efforts to take on Silicon Valley
Google says Chromebooks will get support through their “existing date commitment”, and “many” models are “eligible to transition” to the Googlebook experience
Sources: Microsoft plans to remove most of its Claude Code licenses and push its developers toward GitHub Copilot CLI, after previously pushing Claude Code
Thousands of Microsoft developers will use GitHub Copilot CLI instead — Microsoft first started opening up access to Claude Code in December …
Figma reports Q1 revenue up 46% YoY to $333.4M, vs. $313.2M est., and forecasts Q2 revenue above estimates, citing AI monetization; FIG jumps 8%+ after hours
Figma (FIG.N) raised its annual revenue forecast on Thursday, as growing adoption of its artificial intelligence tools helped convert …
Blackstone Digital Infrastructure Trust raised $1.75B in its US IPO, selling 87.5M shares for $20 each, and plans to acquire data centers worth $250M to $1.5B
Blackstone Digital Infrastructure Trust Inc. raised $1.75 billion in a US initial public offering, as investors' appetite …
SMIC reports Q1 revenue up 11.5% YoY to ~$2.5B and net profit up 5% YoY to ~$197.4M, below $223.6M est., weighed down by higher operating expenses, up 30% YoY
It sees scope for momentum to pick up in the second quarter — SMIC, China's biggest chip foundry, reported weaker …
LY Corp and Bain Capital launch a bid to acquire Kakaku.com, which operates restaurant review and booking site Tabelog, for ~$4B, challenging EQT's ~$3.75B bid
TOKYO — The operator of the Line messaging app and web portal Yahoo Japan said on Thursday it has launched a counterbid for Japan's Kakaku.com …
Anthropic and the Gates Foundation pledge $200M to use AI in health and education initiatives; the foundation signed a similar, $50M deal with OpenAI in January
Anthropic and the Gates Foundation have pledged $200 million to back artificial intelligence-related public goods and areas including health …
Razer updates the Blade 18 with an Intel Core Ultra 9 290HX Plus chip, starting at $4000 with an Nvidia RTX 5070 Ti, up $500 from the comparable 2025 model
RAMageddon has come for the Blade 18 — and the Blade 16, too. … Razer just announced a new Blade 18 gaming laptop with an Intel Core Ultra 9 290HX Plus chip.
OpenAI endorses the Kids Online Safety Act and Illinois SB 315, an AI safety bill to establish requirements around transparency, incident reporting, and more
Sources: Google plans to announce a new Gemini model at its I/O conference next week; the model will land roughly in the class of GPT-5.5, but short of Mythos
Sources say that Google plans to announce a new Gemini model at its annual I/O conference on Tuesday.
Adaption, co-founded by ex-Cohere VP of AI research Sara Hooker, unveils AutoScientist, which can automate the research loop behind model training and alignment
The US FTC says Shutterstock will pay $35M to settle charges that Shutterstock misled consumers about its subscription plans and made it too difficult to cancel
Sources: Mistral has been developing a cybersecurity-focused AI model and has held discussions about it with European banks, which don't have access to Mythos
Q&A with Alexandr Wang on rebuilding Meta's AI stack, Muse Spark, personal superintelligence, Meta acquiring Assured Robot Intelligence, Sam Altman, and more
Musk v. Altman: Microsoft executive Michael Wetter testifies that Microsoft has spent $100B+ on OpenAI, including its investments and to build infrastructure
At Musk v. Altman, the software giant is trying …Crypto Briefing:OpenAI and Microsoft cap revenue-sharing at $38B as AI giant eyes independenceJordan Novet /CNBC:Microsoft feared being too dependent o...
Sources: Joshua Kushner's Thrive Capital told its stakeholders that it has invested ~$100M in Shopify, framed as a bet on how AI could lead to gains in commerce
Joshua Kushner's Thrive Capital has taken a stake in Shopify Inc., according to people familiar with the matter, marking a rare bet by the venture firm on a public company.
Apple files an EU submission criticizing draft DMA measures that would require Google to give competing AI services access to Android apps, citing privacy risks
UK chip startup Fractile raised a $220M Series B led by Factorial Funds, Accel and Founders Fund to make specialized logic and memory chips for inference
Investor docs: Anthropic's revenue run rate is on track to hit $50B by the end of June; Ramp says more of its customers now use Anthropic than OpenAI, a first
Sources: climate watchdog SBTi drops proposed rules that would limit tech companies' claims that gas-fueled data centers are covered by clean energy investments
Canadian legaltech company Clio says its ARR has reached $500M, citing demand for its AI tools; Clio had a $5B valuation after a $500M Series G in November 2025
While AI is now being applied to everything from healthcare to customer support, no single use case has yet been nearly as popular or lucrative as code writing.