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05 Jun 2026

Reid Hoffman leaves Microsoft board after decade to go 'founder mode' with AI startup Manus

LinkedIn co-founder Reid Hoffman is stepping down from Microsoft's board after nearly a decade to focus on Manus, his AI-powered drug discovery startup. The company has raised over $50 million and is pursuing what Hoffman calls 'Move 37' AI to develop novel cancer treatments that supersede human creativity in chemistry.

6 Sources

Anthropic beats OpenAI to confidential IPO filing as rivalry shapes AI's future

Anthropic has filed confidentially for an IPO at a $965 billion valuation, edging ahead of OpenAI in a high-stakes race to go public. The rivalry between the two AI giants is accelerating innovation but also raising questions about balancing rapid growth with safety concerns. Both companies are warning about AI risks while simultaneously launching their most powerful models yet.

8 Sources

Raspberry Pi raises profit forecast as AI demand drives sales but pushes DRAM costs higher

Raspberry Pi expects first-half earnings of at least $38 million from over 4 million unit shipments, nearly matching full-year analyst forecasts. The Cambridge-based firm's shares jumped 20% following the update, tripling its value since January. However, surging AI demand is forcing the low-cost computer maker to tap credit facilities for strategic memory purchases as DRAM costs climb.

3 Sources

AirTrunk commits $30 billion to build 5GW of AI data centers in India by 2030

Blackstone-backed AirTrunk announces a $30 billion investment to develop 5 gigawatts of data center capacity across India by 2030, marking one of the largest commitments to the country's digital infrastructure. The Australian operator's expansion follows its acquisition of Lumina CloudInfra and aims to position India as a global hub for cloud computing and AI.

4 Sources

Cloudflare acquires VoidZero to unify Vite JavaScript toolchain with AI-native web development

Cloudflare has acquired VoidZero, the company behind Vite and its JavaScript build tools with over 100 million weekly downloads. The move aims to integrate the widely-used toolchain into Cloudflare's Workers platform as autonomous AI coding agents reshape application development. Cloudflare reports agentic bots now make up 57% of internet traffic, surpassing human traffic for the first time.

3 Sources

04 Jun 2026

Ramp raises $750M at $44B valuation as fintech bets big on AI token spend management

Corporate expense management platform Ramp secured $750 million in Series F funding at a $44 billion valuation, nearly tripling its worth in just one year. The fintech startup is expanding beyond traditional spend management into AI token cost tracking, positioning itself as infrastructure for what CEO Eric Glyman calls the "third pillar" of corporate spending alongside people and vendors.

4 Sources

Tech layoffs surge to 38,242 in May as artificial intelligence reshapes US job cuts landscape

US tech companies eliminated 38,242 jobs in May 2026, marking the highest monthly job cuts in two years. For the third consecutive month, artificial intelligence was cited as the leading reason for layoffs, even as major firms like Google, Amazon, Microsoft, and Meta plan $725 billion in combined AI infrastructure spending this year.

5 Sources

Innio shares surge 23% in Nasdaq debut as investors bet big on AI power infrastructure

Munich-based gas engine manufacturer Innio made a strong Nasdaq debut, with shares closing up 23% at $33.30, valuing the company at $25 billion. The IPO raised $2.43 billion as investors pile into companies addressing AI's massive energy requirements. Innio's data center equipment orders surged to $1 billion as of March 31 from $309 million a year earlier.

5 Sources

Pinterest commits $4 billion to AWS in largest-ever cloud deal to accelerate AI vision

Pinterest announced a $4 billion commitment to Amazon Web Services through 2031, marking its largest infrastructure agreement ever. The social media platform will leverage AWS custom chips including Graviton and Trainium to scale AI-powered visual search and personalized discovery for over 600 million monthly users. The deal extends a partnership dating back to 2010 and aims to close the gap between user inspiration and transaction.

5 Sources

Companies exhaust AI budgets by April as token costs spiral out of control

Major tech companies are slamming the brakes on AI spending after burning through entire annual budgets in just months. Uber capped engineers at $1,500 monthly after exhausting its 2026 AI budget by April, while Microsoft revoked Claude Code licenses. Even OpenAI CEO Sam Altman admits AI costs have become 'a huge issue' as agentic workflows drive token consumption to unsustainable levels.

11 Sources

TSMC warns chip supply won't meet AI-fueled demand for years despite massive expansion

Taiwan Semiconductor Manufacturing Company's CEO C.C. Wei told shareholders that global chip supply will fall short of AI-fueled demand for years, even as the company expands production with $165 billion in U.S. investments. The chipmaker forecasts over 30% sales growth this year but says production capacity bottlenecks remain a critical constraint in building global AI infrastructure.

4 Sources

Nvidia acquires Kumo AI for over $400 million, expanding enterprise AI capabilities

Nvidia has purchased Kumo AI, a four-year-old startup specializing in predictive enterprise AI software, for more than $400 million. The acquisition brings foundation models designed for structured business data analysis into Nvidia's portfolio. Kumo's three co-founders have already transitioned to Nvidia, signaling the chip giant's continued expansion into full-stack AI solutions.

3 Sources

03 Jun 2026

Broadcom misses revenue targets but unveils $35 billion AI infrastructure financing deal

Broadcom's stock dropped 12% after missing Q2 revenue expectations for the first time since December 2024. Yet the chipmaker revealed a strategic shift: partnering with Apollo and Blackstone on a $35 billion financing platform to fund custom AI chips for Anthropic and OpenAI. The move signals that AI infrastructure buildout now requires massive capital engineering beyond traditional semiconductor sales.

10 Sources

Apple ditches Vision Pro successors, bets everything on smart glasses arriving in 2027 and 2029

Incoming Apple CEO John Ternus has overhauled the company's head-mounted hardware roadmap, canceling the Vision Pro 2 and Vision Air to focus exclusively on smart glasses. The shift redirects resources toward AI-powered glasses similar to Meta Ray-Bans launching in 2027, followed by display-equipped AR smart glasses in 2029, marking a dramatic pivot in Apple's wearable future.

6 Sources

Anthropic expands Partner Program with tiered Services Track as enterprise AI adoption accelerates

Anthropic introduced a three-tier Services Track and Partner Hub for its Claude Partner Network, establishing clear benchmarks for consulting firms deploying its AI model. Since launching in March with $100 million in support, over 40,000 firms have applied and more than 10,000 consultants earned Claude certification. Major firms like Accenture, Deloitte, and PwC are integrating Claude across hundreds of thousands of workers.

2 Sources

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