$60B AI chip darling Cerebras almost died early on, burning $8M a month
Cerebras Systems was the biggest tech IPO of 2026 so far. But several years ago, millions were wasted working on a chip that many considered impossible. Source link
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OpenAI says Codex is coming to your phone
Codex is going mobile. Coding tool – launched by OpenAI about a year ago – ChatGPT is now integrated into the app, allowing users to remotely monitor and manage their development workflow. The new function allows users to view their codecs live environment in any device where it is running. The company announced the changes…
Lovable just backed a company that’s looking to bring vibe coding to hardware
AI-powered app-building platform Lovable has backed a Danish hardware startup, AtecWhich wants to introduce “vibe coding” into the process of building hardware. Lovable was part of an $800,000 pre-seed round that also included A16Z’s scout fund, Sequoia Scout Fund. and nordic makers. Speaking with TechCrunch, Gustave Hugod, head of customer experience at Atech, said the…
Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’
Technology giant Cisco is cutting less than 4,000 jobs or about 5% of its workforce despite reports Better than expected profits and revenues In its fiscal third quarter. The networking equipment maker said it is reducing its workforce to change its “cost structure” and invest in AI and cybersecurity. Cisco’s decision follows a recent trend…
Musk’s xAI is running nearly 50 gas turbines unchecked at its Mississippi data center
Elon Musk’s The power plants are considered “mobile” by the state of Mississippi because they sit on flatbed trailers, thus allowing them to avoid air pollution regulations for a year. The NAACP, which filed the lawsuit on behalf of area residents, says uncontrolled emissions from the turbines are worsening air quality in an already polluted…
Rivian spinoff Mind Robotics raises another $400M
Rivian spinoff company Mind Robotics has raised another $400 million after just two months raise $500 millionAs it works to develop industrial robotics that can further automate factory operations. The funding round, first reported by the Wall Street Journal, was led by Kleiner Perkins. The venture arms of Volkswagen, which has partnered with Rivian on…
Ransomware hackers claim breach at Foxconn, a major electronics manufacturer for Apple, Google, and Nvidia
Electronics manufacturing giant Foxconn, which makes devices and components for Apple, Google, Nvidia and Sony among other tech giants, confirmed on Monday that it has been hit by a cyberattack that may have affected some of its factories. In a statement sent to media outlets, Foxconn said the cyberattack affected facilities in North America, and…
US bank discloses security lapse after sharing customer data with AI app
The community bank, which operates in Pennsylvania, Ohio and West Virginia, disclosed a cybersecurity incident that exposed customers’ names, dates of birth and Social Security numbers. In an 8-k filing In a filing with the U.S. Securities and Exchange Commission dated May 7, the bank said it had discovered a risk to customers’ personal data…
Kevin Hartz’s A* just closed its third fund with $450 million
Early-stage venture firm A* Capital announced Tuesday $450 million Fund III. The company takes a generalist approach, supporting companies across a variety of categories including AI applications, fintech, healthcare and security.The average check size for this fund will be between $3 million to $5 million, which aims to support at least 30 startups. Like the…
Report: Google and SpaceX in talks to put data centers into orbit
Google and SpaceX are in talks to launch orbital data centers into space, reports The Wall Street Journal said, citing sources familiar with the matter. The potential deal comes as SpaceX prepares to $1.75 trillion IPO Later this year, selling investors on the idea that data centers in space will be the cheapest place to…