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06 May 2026

Super Micro Computer beats revenue forecast on AI servers demand, shares surge 17%

Super Micro Computer projected fourth-quarter revenue between $11 billion and $12.5 billion, surpassing Wall Street estimates despite missing third-quarter targets. The server maker's shares climbed 17% in extended trading as the company banks on robust demand for artificial intelligence servers and expanding U.S. manufacturing capacity.

3 Sources

Anthropic weighs $50bn funding round for near $1tn valuation as revenue explodes to $45bn

Anthropic is considering raising tens of billions this summer to fund a massive expansion in computing capacity, potentially valuing the AI company at $900bn pre-money. The Claude maker's annualized revenue run rate is expected to cross $45bn imminently—a fivefold jump from $9bn at year-end 2025. CEO Dario Amodei revealed the company experienced 80x growth when it had planned for just 10x, creating severe compute constraints.

11 Sources

Google Chrome quietly installs 4GB AI model on user devices, raising privacy and consent questions

Google Chrome has been automatically downloading a 4GB Gemini Nano AI model to users' computers since 2024, often without their knowledge. The file powers on-device AI features like scam detection and writing assistance, but users are now discovering its presence and questioning why they weren't asked for permission. While the local processing offers privacy benefits, the lack of transparency has sparked backlash.

31 Sources

Subquadratic claims 1,000x AI efficiency with 12 million token context window, researchers skeptical

Miami-based Subquadratic emerged from stealth with $29 million in seed funding, claiming its SubQ model is the first large language model built on fully subquadratic architecture. The company says it reduces compute by almost 1,000 times at 12 million tokens compared to frontier models, but AI researchers are demanding independent proof of the extraordinary claims before validating what could be a major inflection point in how AI systems scale.

2 Sources

Etsy launches native app in ChatGPT after previous integration fails to drive marketplace sales

Etsy has launched a beta version of its native app within ChatGPT, enabling shoppers to browse over 100 million listings using natural language prompts. The move follows the failure of its Instant Checkout integration, which ended in March after generating low sales volume. The company is simultaneously testing a conversational gift assistant on its own platform as part of a broader AI push.

4 Sources

Blitzy Raises $200M at $1.4B Valuation to Deploy Thousands of AI Coding Agents

Blitzy, an autonomous software development startup, secured $200 million at a $1.4 billion valuation to expand its AI-powered platform that deploys thousands of coding agents in parallel. The Cambridge-based company claims its system autonomously completes months of software work and delivers a 5x increase in engineering velocity for Global 2000 enterprises wrestling with legacy codebases.

2 Sources

ElevenLabs adds BlackRock, NVIDIA, Jamie Foxx as investors after surpassing $500M in revenue

Voice AI startup ElevenLabs revealed new investors joining its $500 million Series D funding round, including BlackRock, NVIDIA, Wellington, and celebrities Jamie Foxx and Eva Longoria. The company surpassed $500 million in annual recurring revenue and maintains an $11 billion valuation, driven by enterprise deployment of AI voice agents across major businesses.

3 Sources

OpenAI IPO ambitions collide with financial reality as losses mount to billions

OpenAI is preparing for a potential IPO in 2026 or 2027, but the path forward looks increasingly challenging. Despite reaching 900 million weekly ChatGPT users and $20 billion in annual revenue, the company missed key internal targets and faces projected losses of $14 billion in 2026 alone. The AI pioneer's struggle to balance explosive growth with massive infrastructure costs raises questions about the sustainability of the broader AI investment thesis.

2 Sources

Krutrim abandons AI model ambitions, pivots to cloud services after leadership exodus

Krutrim, India's first GenAI unicorn founded by Bhavish Aggarwal, is shifting from AI model development to cloud services after facing funding constraints and losing key leadership. The company laid off over 200 employees, scrapped its Bodhi 1 chip, and discontinued its Kruti AI assistant. Despite claiming ₹3 billion in revenue, questions remain about its reliance on parent company Ola's ecosystem.

2 Sources

IREN Acquires Mirantis for $625M to Strengthen AI Cloud Infrastructure Management

AI data center operator IREN announced plans to acquire cloud infrastructure specialist Mirantis in a $625 million all-stock transaction. The deal combines IREN's massive GPU capacity with Mirantis' Kubernetes-based management tools, aiming to streamline AI workload deployment. But industry observers question whether neoclouds can succeed where others have failed.

3 Sources

05 May 2026

Apple agrees to pay $250 million settlement over delayed Siri AI features on iPhone 15 and 16

Apple has agreed to pay $250 million to settle a class-action lawsuit alleging the company misled customers about Apple Intelligence capabilities. The lawsuit claims Apple's marketing created expectations that advanced Siri AI features would be available at launch, but those features remain delayed. Eligible iPhone 15 Pro and iPhone 16 owners could receive up to $95 per device.

43 Sources

Astera Labs unveils Scorpio X switch to tackle AI compute cluster networking bottlenecks

Astera Labs introduced Scorpio X, a vendor-agnostic AI fabric switch featuring 320 lanes of PCIe 6.0 connectivity and 5.12 TB/s bandwidth. The chip aims to solve networking bottlenecks in massive AI compute clusters by enabling GPUs to access distributed resources like local memory. Production is expected in the second half of 2026.

2 Sources

Xbox Cancels Copilot AI Features as New Leadership Shifts Strategy Toward Developer Tools

Microsoft is discontinuing Copilot AI features across Xbox mobile app and consoles under new CEO Asha Sharma. The decision marks a strategic pivot away from AI chatbots toward backend improvements like graphics upscaling and developer tools, as Sharma brings in CoreAI executives to overhaul Xbox leadership and address declining gaming revenue.

23 Sources

AMD posts record Q1 results as data center revenue surges 57% on exploding AI chip demand

AMD delivered record first-quarter results with $10.25 billion in revenue, driven by a 57% surge in data center sales to $5.8 billion. The company now forecasts the server CPU market will reach $120 billion by 2030, more than doubling its previous estimate, as agentic AI shifts compute requirements. CEO Lisa Su predicts CPUs may soon match GPUs in importance for AI workloads.

15 Sources

Thomson Reuters beats revenue forecasts as fiduciary-grade AI demand surges among professionals

Thomson Reuters reported first-quarter revenue of $2.09 billion, a 10% increase that exceeded Wall Street expectations. The company reaffirmed its 2026 financial forecasts as demand for its fiduciary-grade AI products grows among legal, tax, and accounting professionals. CEO Steve Hasker emphasized that professional clients are choosing AI-integrated tools built on authoritative content over frontier AI models, with AI-based solutions now representing 30% of contract value.

2 Sources

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