AI Boom Sends Hardware and Memory Sales Soaring
May 29, 2026: AI Boom Sends Hardware and Memory Sales Soaring - AI demand is supercharging hardware sales across the board. Dell stock surged 33% after an 88% revenue jump driven by AI server sales, while Micron and SK Hynix both crossed $1 trillion in market cap. NetApp and HP also benefited, and Snowflake's stock jumped 36% on strong earnings and a major AWS d...
CEO 'AI Psychosis' Is Driving Mass Layoffs
May 29, 2026: CEO 'AI Psychosis' Is Driving Mass Layoffs - Box founder Aaron Levie warns of 'AI psychosis' among CEOs who believe AI can replace workers without truly understanding those jobs. ClickUp recently cut 22% of its workforce for AI agents, and 2026 tech layoffs are already nearly matching all of 2025. The TechCrunch Equity podcast explores this t...
CNN Sues Perplexity Over AI Copyright Theft
May 29, 2026: CNN Sues Perplexity Over AI Copyright Theft - CNN has filed a lawsuit against Perplexity AI in the Southern District of New York, alleging the company rewrote its journalism using AI without permission, infringing copyrights and trademarks. CNN called it stealing from content creators, while Perplexity countered that facts cannot be copyrighted...
Groq Seeks $650M After Nvidia's $20B Deal
May 29, 2026: Groq Seeks $650M After Nvidia's $20B Deal - AI chip startup Groq is raising $650 million from existing investors as it expands its inference cloud business, following a landmark $20 billion licensing deal with Nvidia in December. That agreement saw senior Groq employees depart to Nvidia and the licensing of Groq's hardware technology, while i...
Glean Hits $300M ARR, Sells AI Cost Cuts
May 29, 2026: Glean Hits $300M ARR, Sells AI Cost Cuts - Glean, often called the Google for enterprise, has reached $300 million in annual recurring revenue, tripling from $100 million just 15 months ago. The seven-year-old startup is accelerating despite growing competition from Google, Microsoft, OpenAI, and others entering the enterprise AI search mark...
AWS's New RNG Network Cuts Hardware, Boosts Throughput 33%
May 29, 2026: AWS's New RNG Network Cuts Hardware, Boosts Throughput 33% - Amazon Web Services has unveiled a new data center network architecture called Random Network Graph (RNG), designed to improve throughput and reliability over traditional fat-tree designs. RNG increases available data paths between servers, reduces network hardware by half, and is powered by a custo...
Snowflake Commits $6B to AWS Through 2032
May 29, 2026: Snowflake Commits $6B to AWS Through 2032 - Snowflake has signed a $6 billion commitment with AWS running through 2032, signaling strong confidence in future demand for its cloud data platform. The deal reflects a broader trend among major tech players making massive long-term infrastructure bets. The agreement highlights where enterprise AI...
UiPath Returns to Profit, But Guidance Disappoints
May 29, 2026: UiPath Returns to Profit, But Guidance Disappoints - UiPath posted first-quarter revenue of $418.4 million, up 17% year-over-year and ahead of estimates, while swinging to a net profit of $22.5 million from a $22.6 million loss a year ago. CEO Daniel Dines credited growing adoption of the company's agentic AI products, with 16 of its top 20 deals incl...
Modiqo Raises $3M to Fix Unreliable AI Agents
May 28, 2026: Modiqo Raises $3M to Fix Unreliable AI Agents - Agentic AI startup Modiqo has raised $3 million in pre-seed funding, co-led by Heavybit and Seligman Ventures, to address the unpredictable behavior of AI agents in production environments. The round also included participation from Irregular Expressions and angel investors. Modiqo's product, Rote,...
Mistral AI Targets $1.17B Revenue With Bold Expansion
May 28, 2026: Mistral AI Targets $1.17B Revenue With Bold Expansion - French AI startup Mistral AI used its first-ever conference in Paris to announce a major expansion into industrial manufacturing, a new inference data center near Paris, and a rebrand of its consumer assistant. CEO Arthur Mensch and co-founders outlined plans to become the go-to enterprise AI provid...
Salesforce Beats Earnings But Weak Guidance Spooks Investors
May 28, 2026: Salesforce Beats Earnings But Weak Guidance Spooks Investors - Salesforce reported strong first-quarter results, with adjusted earnings per share of $3.88 crushing Wall Street's $3.12 forecast. Revenue rose 13% to $11.13 billion, while net income climbed to $2.11 billion from $1.54 billion a year earlier. Despite the beat, shares barely moved after hours. Weak...
Oculus Founders Launch Conversational AI App Sesame
May 28, 2026: Oculus Founders Launch Conversational AI App Sesame - Sesame, co-founded by Oculus veterans, has launched a public iOS app featuring four distinct AI agents: Maya, Miles, Simone, and Charlie. The app addresses the tension between speed and thoughtfulness in AI responses by running parallel searches while speaking, allowing agents to weave in new inform...
Leaked Renders Reveal Apple's ChatGPT Rival Plans
May 28, 2026: Leaked Renders Reveal Apple's ChatGPT Rival Plans - Bloomberg has published leaked renders of Apple's upcoming AI overhaul ahead of WWDC in June. The upgrade includes a redesigned Siri that emerges from the Dynamic Island, a revamped swipe-down search powered by Google's Gemini AI, and a new standalone Siri app to rival ChatGPT, Claude, and Gemini. ...
Asana buys StackAI to power AI agent workflows
May 28, 2026: Asana buys StackAI to power AI agent workflows - Asana has acquired StackAI, a no-code platform for building AI agents, in a deal that extends Asana's ability to run automated workflows across enterprise systems including Salesforce, Oracle, DocuSign and AWS. Financial terms were not disclosed. StackAI founders Tony Rosinol and Bernard Aceituno, b...
Google's AI Can't Even Spell Google
May 28, 2026: Google's AI Can't Even Spell Google - Google's AI Overviews are making embarrassing spelling errors, including misspelling the president's name, adding phantom letters to common words, and incorrectly counting letters. The feature also briefly displayed a chatbot system prompt as a dictionary definition before Google patched it. The ro...
CNN Sues Perplexity Over AI Content Theft
May 28, 2026: CNN Sues Perplexity Over AI Content Theft - CNN has filed a lawsuit against AI startup Perplexity in a New York court, alleging its tools generate verbatim copies of CNN's original reporting. The suit also claims Perplexity unlawfully provides users with content hidden behind CNN's subscription paywall. The legal action targets Perplexity's ...
Dell and H2O.ai slash enterprise AI token costs
May 28, 2026: Dell and H2O.ai slash enterprise AI token costs - Dell Technologies and H2O.ai are partnering to address runaway token costs and data sovereignty concerns by shifting enterprises toward on-premises infrastructure and industry-specific vertical AI models. Dell has surpassed 5,000 AI factory deployments globally, with adoption led by financial servic...
Anthropic Raises $65B, Launches Claude Opus 4.8
May 28, 2026: Anthropic Raises $65B, Launches Claude Opus 4.8 - Anthropic has raised $65 billion in new funding at a $965 billion valuation, surpassing OpenAI, while simultaneously launching Claude Opus 4.8. The new model shows significant coding improvements, scoring 74.2% on Terminal-Bench 2.1 and powering a new dynamic workflows feature in Claude Code. The fu...
CoreWeave Launches Self-Improving AI Agents Platform
May 28, 2026: CoreWeave Launches Self-Improving AI Agents Platform - CoreWeave has unveiled a platform enabling enterprise AI agents to learn and improve autonomously using real-world data, bypassing the traditional slow cycle of testing and fine-tuning. The offering uses serverless reinforcement learning to post-train and fine-tune large language models for reliabil...
Anthropic Launches Opus 4.8 With Dynamic Workflows Feature
May 28, 2026: Anthropic Launches Opus 4.8 With Dynamic Workflows Feature - Anthropic released Opus 4.8 on Thursday, just 41 days after Opus 4.7, an unusually fast upgrade cycle likely driven by user disappointment with the previous version and competitive pressure from OpenAI and Google. The model features improved handling of uncertain data, with testers noting it proacti...
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