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11 May 2026

Novo Nordisk transfers Parkinson's cell therapy to Zuckerberg-backed Cellular Intelligence

Cellular Intelligence has acquired global rights to STEM-PD, Novo Nordisk's experimental stem-cell therapy for Parkinson's disease. The AI-backed startup plans to deploy its platform to accelerate development and manufacturing of the clinical-stage treatment, which aims to replace dopamine-producing nerve cells lost in the disease. Novo Nordisk takes an equity stake and remains eligible for milestone payments.

5 Sources

AI May Disrupt Women-Dominated Jobs More Severely, With 29% Facing High Exposure Risk

Research from the International Labour Organization reveals women workers are disproportionately vulnerable to AI-driven job disruption. The study found 29% of female-dominated occupations face exposure to generative AI compared to just 16% of male-dominated roles, with administrative and clerical positions at highest risk.

2 Sources

TTEC suspends 401(k) matching for 16,000 employees to fund AI investments through 2026

Austin-based customer experience technology company TTEC has halted 401(k) matching contributions for approximately 16,000 U.S. employees through the end of 2026, redirecting those funds toward AI investments. The move follows a dramatic stock collapse and revenue decline, raising questions about whether employee retirement benefits will increasingly depend on corporate AI strategies.

2 Sources

Augustus Wins OCC Approval to Build AI and Stablecoin Bank, Raising $40 Million

Augustus has received conditional approval from the Office of the Comptroller of the Currency to establish an AI-powered national bank built on stablecoins. The Peter Thiel-backed startup, led by 25-year-old CEO Ferdinand Dabitz, raised $40 million and aims to modernize cross-border payments by replacing legacy correspondent banking systems with code-based infrastructure designed for machine agents and real-time settlement.

5 Sources

SoftBank to manufacture large-scale batteries for AI data centers at former Sharp factory

SoftBank Group's mobile-services subsidiary will begin manufacturing large-scale battery cells at a converted Sharp factory in Sakai, Osaka, targeting one gigawatt-hour per year. Partnering with South Korea's Cosmos Lab and DeltaX, the company plans mass production from April 2026 to address surging power demands of AI data centers while avoiding Chinese supply chains.

2 Sources

Cerebras Systems raises $5.5B in blockbuster IPO after nearly burning out with $8M monthly spend

Cerebras Systems raised $5.5 billion in its IPO, valuing the AI chipmaker at roughly $60 billion. But the company's success story nearly ended in 2019 when it was burning $8 million monthly trying to solve a technical problem that had stumped the semiconductor industry for decades. The breakthrough came in July 2019 when the team finally cracked the packaging challenge for its dinner plate-sized chip.

23 Sources

Microsoft's $1 billion Kenya AI data center stalls as power demands could shut down half the country

Microsoft and G42's ambitious $1 billion AI data center project in Kenya has hit a major roadblock over power capacity disputes. President William Ruto says the facility would require shutting off half the country's electricity to operate, highlighting the massive energy demands of AI infrastructure in developing economies.

7 Sources

09 May 2026

TeraWulf's AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss in Q1 2026

TeraWulf reported Q1 2026 revenues of $34 million, with AI compute contributing $21 million—a 117% jump that now represents 60% of total income. Meanwhile, Bitcoin mining revenue plummeted 50% to $13 million. Despite posting a $427 million net loss, the company's strategic pivot to AI infrastructure is gaining momentum, backed by a $9.5 billion Google-backed deal with FluidStack.

2 Sources

08 May 2026

Anthropic secures $1.8 billion AI cloud deal with Akamai to meet surging software demand

AI startup Anthropic has signed a $1.8 billion computing deal with Akamai Technologies to meet growing demand for its AI software. Akamai's stock surged 28% following the disclosure, as the company positions itself to secure critical computing components like CPUs and GPUs despite rising prices in the competitive AI infrastructure market.

2 Sources

Nvidia exec admits AI costs now exceed what company pays human employees as compute bills soar

Nvidia's Vice President of Applied Deep Learning Bryan Catanzaro revealed that the cost of AI compute for his team now far surpasses employee salaries. The admission highlights a growing challenge across the tech industry as companies like Uber and Swan AI grapple with skyrocketing AI expenses, raising questions about long-term return-on-investment despite aggressive adoption.

3 Sources

Jury deliberates Elon Musk vs Sam Altman case as OpenAI's future hangs in the balance

Nine California jurors are deciding whether OpenAI abandoned its nonprofit mission when it accepted billions from Microsoft and restructured as a for-profit entity. Musk claims Altman and Brockman deceived him out of $38 million, while OpenAI argues Musk sued because he lost a power struggle. The verdict could end OpenAI as a for-profit company or clear the path to a $1 trillion IPO.

52 Sources

Google tests AI assistants in software engineering interviews to mirror real-world development

Google is piloting a new recruitment process that allows software engineering candidates to use AI during interviews. Starting later this year, applicants for early and mid-career roles will use Gemini AI during code comprehension rounds, where they'll analyze existing codebases, identify bugs, and improve performance. The shift reflects how 75% of Google's new code is now AI-generated.

2 Sources

Microsoft shops for AI startups as it prepares for life beyond its $13 billion OpenAI partnership

Microsoft is actively pursuing acquisitions of AI startups including Cursor and Inception, signaling a strategic shift away from its dependence on OpenAI. Court documents from the Musk v. Altman trial reveal the tech giant harbored doubts about the partnership as far back as 2018, when executives worried OpenAI would defect to Amazon and damage Azure's reputation.

8 Sources

Andreessen Horowitz dismisses AI job apocalypse as flawed economics and faulty history

Andreessen Horowitz general partner David George argues that fears of an AI-driven job apocalypse rest on the century-old lump-of-labor fallacy. Drawing on historical examples from farm mechanization to spreadsheets, the firm contends that automation creates new industries and higher-order work rather than permanent unemployment.

2 Sources

SoftBank cuts OpenAI margin loan target by 40% to $6 billion after lender pushback

SoftBank Group has reduced its planned margin loan backed by its OpenAI stake from $10 billion to as low as $6 billion after creditors raised concerns about valuing the unlisted AI company. The downsizing reflects growing caution among lenders about the difficulty of assigning reliable valuations to privately held artificial intelligence assets, even after OpenAI's $852 billion primary funding round.

4 Sources

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