| 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.| Rebecca Bellan / TechCrunch: |
SpaceX S-1: xAI had a $6.4B operating loss on $3.2B in revenue in 2025; Grok and X had 550M MAUs combined as of March 2026, and 117M used Grok's AI features — Elon Musk's xAI lost $6.4 billion from operations on just $3.2 billion in revenue in 2025, according to SpaceX's IPO filings.| 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| 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 … | 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| Carl Franzen / VentureBeat: |
Cohere releases Command A+, a sparse MoE open model built for agentic tasks, with 218B total and 25B active parameters, its first under the Apache 2.0 license — Canadian AI lab Cohere made waves recently by announcing a merger with German AI startup Aleph Alpha, but now it has even more in store … | 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| 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.| Anu Adegbola / Search Engine Land: |
Google says it is testing new ad formats in search results and AI Mode, including Conversational Discovery ads, Highlighted Answers, and AI-powered Shopping ads — Google is introducing a new generation of Gemini-powered ad formats across AI Mode and Search designed to make ads feel more conversational … | 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| 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 … | Lee Ying Shan / CNBC: |
Jensen Huang said that Nvidia has “largely conceded” China's AI chip market to Huawei and should “expect nothing” regarding chip sale approvals to China — Nvidia CEO Jensen Huang said the company has “largely conceded” China's artificial intelligence chip market to Huawei … | Politico: |
Sources: the Pentagon is launching a task force to study how to safely deploy leading AI tools with hacking capabilities across Cyber Command and NSA missions — These people, like others in this report, were granted anonymity because they were not authorized to speak publicly about the sensitive effort.| Paige Minemyer / Fierce Healthcare: |
Commure, which offers AI, revenue cycle management, and workflow automation tools for healthcare providers, raised $70M led by GC at a $7B post-money valuation — Commure investment Artificial Intelligence General Catalyst — Healthcare AI company Commure has banked $70 million in fresh funding, reaching a $7 billion valuation.| 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 … | Byron Kaye / Reuters: |
X resolved a three-year dispute with Australia's eSafety regulator after a court upheld a fine against the company for inadequate disclosures on combating CSAM — An Australian court upheld a regulator's fine against Elon Musk's social media company X Corp after it admitted violating the law … | Devindra Hardawar / Engadget: |
AMD says its Mac Mini-sized Ryzen AI Halo PC starts at $3,999 with Ryzen AI Max 300 chips, for pre-order in June, and unveils AI Max 400 chips, available in Q3 — They're direct shots at NVIDIA's AI systems — AMD's big pitch for 2026 seems to be: “Who needs cloud AI processing when you can do it all locally?”
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Meet the all-new Zia: Your AI-powered HR for smarter work — HR is evolving. It's no longer just about managing processes like hiring, attendance, payroll, and performance. Today, it's about delivering better …
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