Funding rounds, M&A, hiring, layoffs, revenue, IPOs, valuations, partnerships.
Anthropic has attracted investor interest at an $800 billion valuation, according to a profile of CFO Krishna Rao in The Information, though the company currently has no plans to raise capital.
SemiAnalysis, Dylan Patel's semiconductor and AI research firm, projects over $100 million in 2026 revenue, up sharply from ~$20 million in 2025. The growth reflects rising demand for specialized AI infrastructure intelligence among enterprise clients.
Cerebras, an AI chip maker, is going public following major partnerships with Amazon Web Services and OpenAI (valued at $10B+). The IPO marks a significant milestone for the specialized hardware sector supporting large-scale AI infrastructure.
Anthropic CEO Dario Amodei met with White House Chief of Staff Susie Wiles and Treasury Secretary Scott Bessent on Friday for discussions both sides called productive. The meeting suggests potential policy shifts regarding AI governance and industry relations.
Anthropic maintains dialogue with Trump administration officials despite being flagged as a supply-chain risk by the Pentagon, signaling potential policy shifts around the AI safety-focused company.
Anthropic's CFO Krishna Rao has quietly become a strategic force at the company, pushing the AI firm to diversify beyond its Google cloud deal by negotiating partnerships with multiple chip and cloud providers to accelerate growth.
App Store activity surged in 2026 according to Appfigures data, with AI-powered development tools potentially driving a wave of new mobile software launches. The trend suggests AI is lowering barriers to app creation and spurring developer interest in the mobile ecosystem.
Sam Altman's World, an identity-verification startup using biometric Orbs, is expanding partnerships to scale its platform, with Tinder reportedly among its first commercial targets.
Andreessen Horowitz and Thrive Capital are co-leading a $2 billion funding round in coding assistant Cursor at a $50 billion pre-money valuation, with Nvidia also participating. The investment marks a significant milestone for the AI-powered developer tool, which both VCs backed in 2024.
Bill Peebles, leader of OpenAI's Sora video generation team, is departing the company following OpenAI's decision to discontinue the Sora project last month. The exit reflects OpenAI's broader strategic shift to eliminate lower-priority initiatives.
Meta plans to cut approximately 8,000 employees—roughly 10% of its global workforce—beginning May 20, with additional layoffs anticipated later in 2026. The move signals continued workforce restructuring at the social-media giant.
Tinder is partnering with Worldcoin to offer users five free app boosts in exchange for biometric verification via Worldcoin's facial-scanning orbs, expanding the orb network's real-world adoption beyond crypto and financial services.
Kevin Weil and Bill Peebles have departed OpenAI as the company discontinues Sora and dissolves its science team, marking a strategic shift from consumer-focused experiments toward enterprise AI solutions.
Kevin Weil, former Meta and Twitter executive and member of OpenAI's management team, has announced his departure from the AI firm. His exit marks at least the third senior leader to leave OpenAI in recent days, signaling potential organizational shifts at the company.
Kevin Weil, former Instagram VP, is departing OpenAI after leading an AI science application that the company is now consolidating into Codex. The departure marks a shift in OpenAI's organizational structure as it refocuses product priorities.
Cursor, an AI-powered code editor, is in advanced fundraising talks to secure $2B+ at a $50B valuation, with a16z and Thrive Capital expected to lead the round as the company capitalizes on surging enterprise adoption.
Meta disclosed it paid Broadcom $2.3 billion in 2025 for custom AI chip design assistance, marking a rare public window into how major tech firms fund semiconductor development for AI infrastructure.
Dylan Patel, founder of influential semiconductor analysis firm SemiAnalysis, has become a major industry voice scrutinizing Nvidia's operations and product roadmaps. His reporting occasionally draws friction from Nvidia, though CEO Jensen Huang recently publicly praised him at GTC, signaling his rising credibility in Silicon Valley.
OpenAI is acquiring multiple companies spanning finance and media while competitors like Anthropic release restricted models and a major shoe brand pivots to AI infrastructure, widening the gap between AI insiders and the general public.
Dairy Queen is deploying AI chatbots in drive-thrus across the US and Canada to streamline ordering and increase average transaction values. The rollout joins a broader trend of fast-food chains adopting conversational AI for customer-facing operations.
DeepSeek, the Chinese AI startup behind the viral R1 model, is raising outside capital for the first time at a $10 billion-plus valuation, marking a shift from its previous self-funding strategy by parent firm High-Flyer Capital Management.
Allbirds rebranded as an AI company and saw its stock price surge sevenfold, exemplifying what The Verge frames as peak AI hype. The story reflects broader questions about whether the AI boom has reached saturation amid corporate rebrand mania.
Flock Safety, an AI-powered police surveillance startup, reached an $8.4 billion valuation in a recent funding round despite mounting public backlash over data-sharing with federal immigration enforcement. The company faces its most significant crisis as activists and residents challenge the civil liberties implications of its camera, drone, and AI software systems.
OpenAI is acquiring consumer apps and media properties while Anthropic released a model deemed too risky for public release, signaling widening gaps between AI insiders and the broader market amid escalating infrastructure spending and rebranding plays.
Alibaba open-sourced a smaller variant of Qwen3.6, signaling a strategic shift toward keeping larger, proprietary models closed to prioritize commercial revenue over community contributions.
Cerebras, an AI chip designer, is filing for IPO with plans to raise over $3 billion at a $35 billion valuation—a 60% jump from its $22 billion private round in February. The move signals investor confidence in specialized AI infrastructure amid intense competition for compute capacity.
OpenAI committed over $20 billion to purchase Cerebras AI chips over three years, gaining minority equity warrants and providing $1 billion for datacenter development. The deal signals OpenAI's effort to reduce Nvidia dependence and cut future compute costs.
TSMC reported Q1 revenue growth of 40.6% and raised full-year guidance above 30%, driven by robust AI chip demand from customers like Nvidia and cloud providers. CEO C.C. Wei signaled continued strength in AI-related orders, suggesting upcoming earnings from major tech firms will reflect similar momentum.
Factory, a three-year-old startup building AI coding tools for enterprises, raised $150 million in Series B funding led by Khosla Ventures, reaching a $1.5 billion valuation. The round underscores investor appetite for AI-assisted developer productivity in the B2B space.
Luma AI launched an AI-powered production studio called Wonder Project, focused on faith-based content. The studio's debut project features Ben Kingsley in a Moses narrative, arriving on Prime Video this spring.