OpenAI Posts $3.7 Billion Quarterly Loss as IPO Preparations Accelerate
The internal numbers landed at a difficult moment. OpenAI lost $3.7 billion in the first quarter of 2026, according to The Information, putting the company on a pace to burn…
Nobel Winner John Jumper Leaves Google DeepMind for Anthropic
John Jumper, the Nobel Prize-winning scientist who led the creation of AlphaFold and cracked one of biology’s oldest problems, is leaving Google DeepMind for Anthropic, according to people familiar with…
NVIDIA Raises $25 Billion in Bonds as Investors Line Up for the AI Buildout
The syndicate desk at a Wall Street bank had an unusual problem last week: too much demand. According to people familiar with the matter, orders for NVIDIA’s first large bond…
SpaceX’s First Post-IPO Move: A $60 Billion, All-Stock Bet on Cursor
The listing was barely a month old, and the chief executive was already working the phones. According to people familiar with the matter, SpaceX’s leadership had spent the spring weighing…
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Ericsson Names Hammarwall to Lead Its Networks Business Ericsson has appointed David Hammarwall as head of its Networks business area and senior vice president, the Swedish telecom equipment maker announced…
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Microsoft’s Copilot Cowork Puts Agents to Work, With a Meter Running Microsoft has introduced Copilot Cowork, a new set of AI agent tools that can take on extended tasks and…
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NVIDIA Expands Indium Phosphide Fab, Betting on Photonics for AI NVIDIA has broken ground on an expansion of a chip materials facility owned by II-VI, the company it invested in…
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Cook Says Apple Will Raise Prices as Memory Costs Surge Apple plans to raise prices on its products to offset the surge in memory and storage chip costs, Chief Executive…
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Cyera Raises $600 Million at $12 Billion Valuation Cyera, a cybersecurity company focused on protecting data as it flows into artificial intelligence systems, has raised $600 million in a Series…
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Broadcom’s Debt Buyback Struggles as AI Forecast Disappoints Broadcom’s $2.5 billion cash tender offer for its own notes has drawn a lukewarm response from bondholders, according to Reuters, even as…
