After a 30% year-to-date drawdown, Monday’s Q1 results are Palantir’s first chance to argue, not assume, that it does not belong in the broader AI software multiple compression. Until two weeks ago, Palantir was, by some measures, the best-performin…
Lees meerThree days after suggesting it might target up to $4bn at $40bn, the AI chipmaker has marketed 28 million shares at $115-$125 each, lining the deal up with its February private valuation rather than above it. Cerebras Systems was preparing to seek u…
Lees meerA joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and General Atlantic will sell Claude into the buyout firms’ portfolio companies. OpenAI’s DeployCo arrived first; this one is bigger. There is a kind of business school question th…
Lees meerA bench trial in Santa Fe could force algorithm changes, age verification, and a $3.7bn mental health fund. Meta has threatened to pull Facebook and Instagram from the state instead. In March, a New Mexico jury reached a verdict that no American jur…
Lees meerWon-Jin Lee, a marketing veteran, takes over the Visual Display business after a quarter of declining TV profits. His predecessor moves to AI and robotics. Samsung Electronics has changed the head of its television business for the first time in mor…
Lees meerSkydio, the largest American drone manufacturer, announced in late April that it would invest $3.5 billion over five years to expand US drone production, open a factory five times larger than its current facility, create more than 2,000 direct jobs …
Lees meerSam Altman posted on X at 2:33 a.m. on 2 May: “you can sign in to openclaw with your chatgpt account now and use your subscription there! happy lobstering.” The announcement, delivered with the casual register of a founder pushing a minor product …
Lees meerTesla is now selling Chinese-made Model 3 sedans in Canada at the lowest price the car has ever been offered in the country. The Model 3 Premium RWD, manufactured at Giga Shanghai, starts at C$39,490, roughly US$29,000. Two months ago, the cheapest …
Lees meerApple has discontinued the 256 gigabyte Mac Mini worldwide. The company’s cheapest desktop computer, the M4 Mac Mini with 16 gigabytes of RAM and 256 gigabytes of storage, was available for $599 until last week. It is gone. The Mac Mini now starts a…
Lees meerThe Academy of Motion Picture Arts and Sciences announced new eligibility rules on 2 May for the 99th Academy Awards, and the two that matter most are about seven words each. Acting nominations will be limited to roles “demonstrably performed by hum…
Lees meerThe Grok iOS app now contains a placeholder that reads “Grok Voice mode coming soon to CarPlay.” It is a single line of interface text, and it means that Elon Musk’s AI chatbot is about to follow ChatGPT and Perplexity onto the car dashboards of eve…
Lees meerKennan Frost dropped out of college, worked as an engineer at Pinterest, had a panic attack, quit, applied to Y Combinator in 2020, and by his own account failed his way through the programme until a pivot to subscription payments changed everything…
Lees meerAmazon reported first-quarter 2026 net sales of $181.5 billion, a 17 per cent increase year on year that exceeded analyst estimates by more than $4 billion. Net income reached $30.3 billion, nearly doubling from $17.1 billion in the same period last…
Lees meerIn January and February 2026, Volkswagen reclaimed the top position in China’s passenger vehicle market with a 13.9 per cent share, narrowly ahead of Geely at 13.8 per cent. Toyota’s joint ventures held 7.8 per cent. BYD, which dominated 2024 and mu…
Lees meerAt least a dozen electric vehicle models have been discontinued, paused, or cancelled in the United States this year. The list includes some of the most recognisable names in the industry: Tesla’s Model S and Model X, Honda’s entire 0 Series, the …
Lees meerY Combinator published its Summer 2026 Request for Startups in late April, just days before the application deadline. The document lists 15 categories of companies that YC’s partners want to fund. Eight of them require capital, hardware, or both. Th…
Lees meerThe flight from John F. Kennedy International Airport to the East 34th Street Heliport in Midtown Manhattan took seven minutes. By car, depending on the time of day, the same journey takes between 60 and 120 minutes. On Friday, Joby Aviation landed …
Lees meerThe company that built TikTok’s recommendation algorithm, the system that predicts with unsettling accuracy what a person wants to watch next, is now using a related class of AI to predict how molecules will behave inside a human body. ByteDance’s d…
Lees meerApple has quietly raised the desktop’s starting price to $799 after demand from developers building local AI tools cleared its shelves. Tim Cook says it could take months to catch up. For five years, the Mac mini has been the cheapest way into Apple…
Lees meerBMO has filed a provisional patent on a quantum algorithm for seismic forecasting, and is sending mobile branches to wildfire zones with AI dispatch. The bank says it is the future of risk. Banks are not, as a rule, in the earthquake business. They …
Lees meerAfter a CFIUS-induced retreat in 2024, the wafer-scale chip startup is back with an OpenAI deal in its pocket and a sharper bet against Nvidia. Eighteen months ago, Cerebras Systems looked like a cautionary tale. The Sunnyvale-based AI chip startup …
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