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May 20, 2026, 10:20 PM
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Bloomberg:
SpaceX files publicly for its IPO, choosing Nasdaq to make its debut under the symbol SPCX; Elon Musk's shares give him 85.1% of the voting power in the company  —  SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses …
Ina Fried / Axios:
SpaceX S-1: Anthropic is paying SpaceX $1.25B/mo. until May 2029 under their compute deal; Anthropic says it's expanding the deal to include Colossus 2 capacity  —  Anthropic is paying SpaceX $1.25 billion per month through May 2029 as part of the massive compute deal the companies signed earlier this month.
New York Times:
Filing: SpaceX reports 2025 revenue of $18.7B, up 33% YoY, a $4.9B loss, vs. a $791M profit in 2024, and $20.7B in capital expenditures, up from $11.2B  —  Mr. Musk's rocket and satellite maker disclosed its financial performance as it prepares to go public in what is set to be one of the largest offerings to date.
Wall Street Journal:
Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plans to be ready to go public as early as September  —  The artificial-intelligence giant is working with bankers at Goldman Sachs and Morgan Stanley  —  ChatGPT-maker OpenAI has been working …
Nvidia Newsroom:
Nvidia reports Q1 revenue up 85% YoY to $81.62B, vs. $78.86B est., Data Center revenue up 92% to $75.2B, and announces an $80B share repurchase program  —  - Record revenue of $81.6 billion, up 85% from a year ago  — Record Data Center revenue of $75.2 billion, up 92% from a year ago
OpenAI:
OpenAI says an internal general-purpose reasoning model has disproved the Erdős unit distance conjecture, a central problem in discrete geometry posed in 1946  —  For nearly 80 years, mathematicians have studied a deceptively simple question: if you place nnn points in the plane …
Berber Jin / Wall Street Journal:
In disclosures to investors, Anthropic says it expects to generate $10.9B in revenue in Q2, vs. $4.8B in Q1, and turn a $559M operating profit, its first ever  —  The startup expects a 130% revenue surge to $10.9 billion in the June quarter and its first operating profit, defying skeptics of the AI boom
Reuters:
Internal memo: Intuit is laying off ~17% of its workforce, or ~3,000 employees worldwide, to streamline operations and sharpen its focus on key bets, like AI  —  Intuit (INTU.O) is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus …
Katie Paul / Reuters:
Internal memo: Mark Zuckerberg told employees that he does not expect more company-wide layoffs this year  —  Meta (META.O) CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of the memo seen by Reuters.
Tom Warren / The Verge:
Internal memo: Xbox hires game industry analyst Matthew Ball as chief strategy officer, and names Scott Van Vliet, who led Azure AI infrastructure, as Xbox CTO  —  The second major Xbox leadership changes this month. … Microsoft has recruited game industry analyst Matthew Ball as Xbox chief strategy officer.
Jacob Passy / Wall Street Journal:
Airbnb says it is adding luggage storage, airport pickups, car rentals, grocery delivery, and thousands of boutique and independent hotels to its platform  —  Platform ramps up hotel-booking options, car rentals and AI-enabled features, expecting World Cup to drive record use
The Guardian:
Granta and the Commonwealth Foundation say they can't determine yet if AI was used to write a prize-winning short story after critics pointed to signs of AI use  —  Granta publisher says ‘perhaps we never will know’ true authorship of work that won Commonwealth prize
Sergiu Gatlan / BleepingComputer:
GitHub confirms ~3,800 internal repositories were breached after one of its employees installed a malicious VS Code extension; TeamPCP claims responsibility  —  GitHub has confirmed that roughly 3,800 internal repositories were breached after one of its employees installed a malicious VS Code extension.
Reuters:
Samsung Electronics and its South Korean labor union reach a preliminary pay deal; the union says it has suspended a general strike and put the deal to a vote  —  Samsung Electronics (005930.KS) and its South Korean labour union reached a preliminary pay deal on Wednesday …
Todd Bishop / GeekWire:
S. “Soma” Somasegar, who led Microsoft's Developer Division for 12 years as part of his 27-year tenure at the company before leaving in 2015, has died at age 59  —  S.  “Soma” Somasegar, a fixture in the Seattle tech community who led Microsoft's Developer Division as part …
The Register:
Cloud provider Railway says Google Cloud suspended its account without cause, resulting in an outage; in 2024, GCP deleted an Australian pension fund's account  —  PaaS platform Railway says Google temporarily suspended its account on Wednesday without cause, inducing a major outage.
Hugh Son / CNBC:
Mercury, which provides banking services to startups, raised a $200M Series D led by TCV at a $5.2B valuation, up from $3.5B in March 2025  —  Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:20 PM ET, May 20, 2026.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Connor Hart / Wall Street Journal:
Hasbro launches Sixth Wall, an AI studio working with ElevenLabs and voice actors to create and license AI-native versions of its characters and franchises

Tyler Falk / Current:
NPR is overhauling its dues model so that fees are based on news stations' broadcast reach rather than donor revenues and projects dues will fall 15% to 18%

Amos Barshad / Columbia Journalism Review:
Some right-wing news influencers are using Meta's Ray-Ban sunglasses as a recording tool that unwilling subjects may not be aware of, leading to tension

More News

Earlier Picks

Mariella Moon / Engadget:
Kickstarter retracts its stricter rules on mature content after creator backlash, and says it adopted the tougher rules because of its payment processor Stripe
Jemima McEvoy / The Information:
Sam Altman says OpenAI offered to invest $2M in tokens in each startup in the current YC batch; a source says the offer is in exchange for equity via a SAFE
Nan Ransohoff / Nan's Substack:
An analysis based on OpenAI's and Anthropic's current valuations suggests ~$370B of philanthropic assets tied to the two AI companies could soon become liquid
John Timmer / Ars Technica:
Two research papers describe how Google's Co-Scientist and nonprofit FutureHouse's AI tools can succeed at drug retargeting by developing and testing hypotheses
Luz Ding / Bloomberg:
Alibaba's chipmaking unit T-Head unveils the Zhenwu M890 for AI training and inference, saying it is well-suited for agentic tasks, and plans annual upgrades
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