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Source: Kraken cut ~150 staff after AI tools improved efficiency and its IPO may be delayed until late 2026 or early 2027 due to a drop in digital-asset prices (Olga Kharif/Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-15/kraken-cuts-150-workers-after-deploying-ai-ipo-may-slip-to-2027
http://www.techmeme.com/260515/p22#a260515p22 -
OpenAI's disavowal of a liability shield in Illinois SB 3444 bill and endorsement of a stronger SB 315 suggest it is open to meaningful AI safety legislation (Transformer)
https://www.transformernews.ai/p/is-openai-changing-its-tune-on-ai-laws-illinois-regulation
http://www.techmeme.com/260515/p21#a260515p21 -
ArXiv, the repository of preprint academic research, says it will ban authors for a year if their papers have "incontrovertible evidence" of AI-generated work (Samantha Cole/404 Media)
https://www.404media.co/new-arxiv-rules-ai-generated-papers-ban/
http://www.techmeme.com/260515/p20#a260515p20 -
OpenAI memo: Greg Brockman says he will lead product strategy as part of a reorg, folding ChatGPT, Codex, and developer-facing API into one core product team (Maxwell Zeff/Wired)
https://www.wired.com/story/openai-reorg-greg-brockman-product/
http://www.techmeme.com/260515/p19#a260515p19 -
Replit says it has "worked things out with Apple", which has approved a Replit update after four months, following a reported dispute over vibe coding apps (Zac Hall/9to5Mac)
https://9to5mac.com/2026/05/15/iphone-vibe-coding-app-ships-first-update-in-four-months-after-app-store-review-issue/
http://www.techmeme.com/260515/p18#a260515p18 -
OpenAI launches personal finance tools for US ChatGPT Pro users, letting them connect to 12K+ financial institutions to analyze spending, plan finances, more (Ivan Mehta/TechCrunch)
https://techcrunch.com/2026/05/15/openai-launches-chatgpt-for-personal-finance-will-let-you-connect-bank-accounts/
http://www.techmeme.com/260515/p17#a260515p17 -
A profile of AI video generation startup Runway, which is training models directly on observational data, is now valued at $5.3B, and added $40M in ARR in Q2 (Rebecca Bellan/TechCrunch)
https://techcrunch.com/2026/05/15/runway-started-by-helping-filmmakers-now-it-wants-to-beat-google-at-ai/
http://www.techmeme.com/260515/p16#a260515p16 -
Meta rolls out new features for Ray-Ban Display glasses, including neural handwriting support for all users, and opens up the device to third-party developers (Jay Peters/The Verge)
https://www.theverge.com/tech/930941/meta-ray-ban-display-virtual-neural-handwriting-apps-developer
http://www.techmeme.com/260515/p7#a260515p7 -
Akamai acquires Israeli cybersecurity startup LayerX Security, which develops a browser-based platform to secure employee use of AI tools, for ~$205M in cash (Meir Orbach/CTech)
https://www.calcalistech.com/ctechnews/article/byinuqxkme
http://www.techmeme.com/260515/p6#a260515p6 -
Sources: HSG, formerly Sequoia China, has set up a $3B continuation fund anchored by its ByteDance stake, offering entry into the company valued at $370B (Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-15/bytedance-stake-anchors-3-billion-fund-in-win-for-investor-hsg
http://www.techmeme.com/260515/p5#a260515p5 -
Bill Ackman says his fund has taken a new stake in Microsoft after the company's recent share price decline; Ackman says investors have underestimated Microsoft (Amy Thomson/Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-15/pershing-square-has-taken-new-stake-in-microsoft-ackman-says
http://www.techmeme.com/260515/p4#a260515p4 -
Kioxia reports record Q4 earnings of ~$3.8B, forecasts Q1 operating profit of ~$8.2B, and says it is planning a US listing; Kioxia shares are up 300% YTD (Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-15/kioxia-prepares-us-listing-after-riding-ai-boom-to-record-profit
http://www.techmeme.com/260515/p3#a260515p3 -
A profile of Amazon CEO Andy Jassy, who is killing projects, cutting staff, and pleasing Wall Street, while steering the company toward an AI-focused era (Bloomberg)
https://www.bloomberg.com/features/2026-andy-jassy-amazon-ai/?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3ODc5MjUyMSwiZXhwIjoxNzc5Mzk3MzIxLCJhcnRpY2xlSWQiOiJURjFQMFRLR1pBU1owMCIsImJjb25uZWN0SWQiOiJBRjJFNDMxQTgzRjk0OTU3QUIxNzg5NTgwOEU2Q0YxMiJ9.tsFUSww6q1mYj1NdiVNa84IpNX2AYfu4mAj1NygKcbQ
http://www.techmeme.com/260515/p2#a260515p2 -
London-based edtech startup Multiverse raised $70M at a $2.1B valuation from Index and others as it pushes into AI training; it acquired StackFuel in January (Kieran Smith/Financial Times)
https://www.ft.com/content/ec5764f0-b783-48ac-9f16-a0ecb9da9636
http://www.techmeme.com/260515/p1#a260515p1 -
UK-based Iceotope, which develops data center liquid cooling tech, raised a $26M Series B co-led by Two Seas Capital and Barclays Climate Ventures (Mike Wheatley/SiliconANGLE)
https://siliconangle.com/2026/05/14/data-center-cooling-tech-startup-icetope-aims-scale-raising-26m/
http://www.techmeme.com/260514/p46#a260514p46 -
Alphabet sold $3.6B of bonds in its debut yen-denominated bond sale, the largest by a non-Japanese company, as AI-driven capital spending accelerates (Atsuko Fukase/Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-15/alphabet-sells-3-6-billion-of-yen-bonds
http://www.techmeme.com/260514/p45#a260514p45 -
In a policy paper, Anthropic urges the US and allies to enforce export controls, curb distillation attacks, and export US AI to hold the lead over China by 2028 (Anthropic)
https://www.anthropic.com/research/2028-ai-leadership
http://www.techmeme.com/260514/p44#a260514p44 -
Security research firm Calif says it used Mythos to help build a macOS kernel memory corruption exploit circumventing Apple's Memory Integrity Enforcement tech (Robert McMillan/Wall Street Journal)
https://www.wsj.com/tech/ai/anthropic-mythos-apple-macos-bug-339da403?st=BwCjXb&reflink=desktopwebshare_permalink
http://www.techmeme.com/260514/p43#a260514p43 -
Sources: Anthropic has agreed to the terms of a $30B fundraising at a $900B valuation, with Sequoia, Dragoneer, Greenoaks, and Altimeter co-leading the round (George Hammond/Financial Times)
https://www.ft.com/content/9deae3c6-716d-4f4d-8b09-434d8519f847
http://www.techmeme.com/260514/p42#a260514p42 -
Sources: xAI co-founder Igor Babuschkin plans to raise up to $1B at an up to $5B valuation for a new AI research startup, with General Catalyst possibly leading (Forbes)
https://www.forbes.com/sites/rashishrivastava/2026/05/14/xai-cofounder-igor-babuschkin-in-talks-to-raise-up-to-1-billion-for-a-new-ai-startup/
http://www.techmeme.com/260514/p41#a260514p41 -
Musk v. Altman: in closing arguments, Musk's attorney doubled down on claims of Altman's untrustworthiness, while OpenAI's lawyer said Musk has no evidence (Associated Press)
https://apnews.com/article/musk-sam-altman-openai-trial-closing-arguments-3bda5ebbec28c23ac9e481a4edcad725
http://www.techmeme.com/260514/p40#a260514p40 -
California Gov. Gavin Newsom proposes a new 7.25% tax on web-based software sales, targeting $1.1B in state and local tax revenue in the upcoming budget year (Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-14/newsom-pitches-software-tax-to-raise-billions-in-new-revenue
http://www.techmeme.com/260514/p39#a260514p39 -
Gemini reports Q1 revenue up 42% YoY to $50.3M, vs. $47.9M est., announces a $100M capital injection from Winklevoss Capital Fund; GEMI jumps 22%+ after hours (Tanaya Macheel/CNBC)
https://www.cnbc.com/2026/05/14/gemini-surges-after-winklevoss-capital-invests-100-million-in-the-crypto-exchange.html
http://www.techmeme.com/260514/p38#a260514p38 -
Cerebras co-founders CEO Andrew Feldman and CTO Sean Lie own stakes worth $3.2B and $1.7B, respectively, representing about 5.5% and 3% of the company (CJ Haddad/CNBC)
https://www.cnbc.com/2026/05/14/cerebras-ipo-mints-two-billionaires-sets-stage-for-potential-ai-wave.html
http://www.techmeme.com/260514/p37#a260514p37 -
Cerebras shares closed up 68% at $311.07 in the company's Nasdaq debut after it raised $5.5B in the year's largest IPO, giving it a market value of $67B (Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-14/cerebras-shares-indicated-to-surge-89-after-year-s-top-ipo
http://www.techmeme.com/260514/p36#a260514p36 -
OpenAI adds remote access to Codex in the ChatGPT mobile app, letting users control Codex sessions running on a connected computer directly from a phone (Zac Hall/9to5Mac)
https://9to5mac.com/2026/05/14/openai-brings-codex-control-to-chatgpt-for-iphone-and-android/
http://www.techmeme.com/260514/p35#a260514p35 -
Figma reports Q1 revenue up 46% YoY to $333.4M, vs. $313.2M est., and forecasts Q2 revenue above estimates, citing AI monetization; FIG jumps 8%+ after hours (Zaheer Kachwala/Reuters)
https://www.reuters.com/technology/figma-raises-annual-revenue-forecast-ai-drives-strong-design-demand-2026-05-14/
http://www.techmeme.com/260514/p34#a260514p34 -
Sources: Joshua Kushner's Thrive Capital told its stakeholders that it has invested ~$100M in Shopify, framed as a bet on how AI could lead to gains in commerce (Natasha Mascarenhas/Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-14/joshua-kushner-s-thrive-capital-invests-100-million-in-shopify
http://www.techmeme.com/260514/p33#a260514p33 -
Sources: Microsoft plans to remove most of its Claude Code licenses and push its developers toward GitHub Copilot CLI, after previously pushing Claude Code (Tom Warren/The Verge)
https://www.theverge.com/tech/930447/microsoft-claude-code-discontinued-notepad
http://www.techmeme.com/260514/p32#a260514p32 -
The Senate Banking Committee advances the Clarity Act, which would make CFTC the primary regulator for most digital assets while SEC oversees digital securities (Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-14/bitcoin-stalls-as-crypto-gains-ground-in-washington-wall-street
http://www.techmeme.com/260514/p31#a260514p31 -
Sources: 50+ researchers and engineers have left xAI since the SpaceX acquisition via layoffs, firings, and voluntary departures; many have joined Meta and TML (Theo Wayt/The Information)
https://www.theinformation.com/articles/spacexai-exodus-50-recent-exits-meta-thinking-machines-hire-staff
http://www.techmeme.com/260514/p30#a260514p30 -
Sources: Intel has begun testing production of "low-end/legacy iPhone, iPad, and Mac processors"; Apple thinks TSMC's resources will continue tilting toward AI (@mingchikuo)
https://x.com/mingchikuo/status/2054987772289810884
http://www.techmeme.com/260514/p29#a260514p29 -
Ford stock jumped as much as 25% in two days after the launch of Ford Energy, a new subsidiary providing battery storage capacity to AI data centers (Christian Davies/Financial Times)
https://www.ft.com/content/3788778f-ea93-4811-80a8-4c8f4c5c0b1f
http://www.techmeme.com/260514/p28#a260514p28 -
A look at GameStop's takeover bid for eBay, a bizarre way to force eBay's board and shareholders to consider GameStop CEO Ryan Cohen's desire to run eBay (Matt Levine/Bloomberg)
https://www.bloomberg.com/opinion/newsletters/2026-05-14/ryan-cohen-wants-to-work-at-ebay
http://www.techmeme.com/260514/p27#a260514p27 -
Cerebras opens at $350, valuing the chipmaker at $100B+, after raising $5.5B by selling 30M shares at $185, the largest US tech IPO since Uber's debut in 2019 (Jordan Novet/CNBC)
https://www.cnbc.com/2026/05/14/cerebras-cbrs-stock-trade-nasdaq-ipo.html
http://www.techmeme.com/260514/p26#a260514p26 -
Sources: OpenAI is weighing legal action against Apple after expectations that ChatGPT's Siri integration would generate billions in revenue fell short (Mark Gurman/Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-14/openai-apple-partnership-frays-setting-up-possible-legal-fight
http://www.techmeme.com/260514/p25#a260514p25 -
OpenAI says two employee devices were impacted via a supply chain attack on TanStack but no user data or production systems were compromised (Lorenzo Franceschi-Bicchierai/TechCrunch)
https://techcrunch.com/2026/05/14/openai-says-hackers-stole-some-data-after-latest-code-security-issue/
http://www.techmeme.com/260514/p24#a260514p24 -
Ian Crosby's Synthetic, which is building an AI bookkeeper, raised a $10M seed led by Khosla; Crosby founded Bench, which raised $100M+ and imploded in 2024 (Marina Temkin/TechCrunch)
https://techcrunch.com/2026/05/14/khosla-ventures-is-betting-10m-on-ian-crosby-whose-last-startup-bench-imploded/
http://www.techmeme.com/260514/p23#a260514p23 -
Razer updates the Blade 18 with an Intel Core Ultra 9 290HX Plus chip, starting at $4000 with an Nvidia RTX 5070 Ti, up $500 from the comparable 2025 model (Antonio G. Di Benedetto/The Verge)
https://www.theverge.com/gadgets/930343/razers-blade-18-is-getting-a-500-price-hike-and-a-new-intel-chip
http://www.techmeme.com/260514/p21#a260514p21 -
Wirestock, which says it provides multi-modal data to six of the largest foundation AI labs, raised a $23M Series A, bringing its total funding to $26M (Ivan Mehta/TechCrunch)
https://techcrunch.com/2026/05/14/wirestock-raises-23m-to-supply-multi-modal-data-to-ai-labs/
http://www.techmeme.com/260514/p20#a260514p20 -
AT&T, T-Mobile, and Verizon sign an "agreement in principle" to form a joint venture aiming to end wireless dead zones in the US, without giving many details (Jess Weatherbed/The Verge)
https://www.theverge.com/tech/930336/att-tmobile-verizon-joint-venture-agreement-satellite-coverage
http://www.techmeme.com/260514/p19#a260514p19 -
Motorola Razr Fold review: good performance and screen, great battery life, sharp camera, and native stylus support, but heavier than Z Fold 7 and lackluster AI (Sam Rutherford/Engadget)
https://www.engadget.com/2172439/motorola-razr-fold-review/
http://www.techmeme.com/260514/p18#a260514p18 -
Gallup: 70% of Americans oppose local data center construction, citing water and electricity issues, with opposition higher among Democrats than Republicans (Tim Craig/Washington Post)
https://www.washingtonpost.com/nation/2026/05/13/7-10-americans-oppose-data-centers-being-built-their-communities/
http://www.techmeme.com/260514/p17#a260514p17 -
Klarna reports Q1 revenue up 44% YoY to $1.01B, above est., GMV up 33% to $33.7B, active customers up 20% to 119M, and a $1M profit, up from a $99M loss YoY (Connor Hart/Wall Street Journal)
https://www.wsj.com/business/earnings/klarna-swings-to-profit-as-revenue-jumps-3c6ce7c9?st=yh4WBs&reflink=desktopwebshare_permalink
http://www.techmeme.com/260514/p16#a260514p16 -
Spotify says it will adopt Apple's HTTP Live Streaming tech for video podcasts later in 2026, helping creators distribute podcasts on Apple Podcasts and Spotify (Zac Hall/9to5Mac)
https://9to5mac.com/2026/05/14/spotify-adopting-apples-new-video-podcast-tech-for-easier-cross-platform-publishing/
http://www.techmeme.com/260514/p15#a260514p15