20 May 2026
Cheap AI could derail OpenAI and Anthropic's IPOs
This earnings season, the cost of AI started showing up in the numbers. Meta, Shopify, Spotify, and Pinterest all flagged rising AI and inference costs as a drag on margins. Shopify said economies of scale were 'partially offset by increased LLM costs.' This is the bill coming due for the pricing model that underpins OpenAI's and Anthropic's expected IPO valuations, both projected north of $800…
20 May 2026
Nvidia earnings live updates: Data center sales, margins and AI outlook in focus
Nvidia reports fiscal first-quarter results after the bell. Here's what analysts are expecting, according to LSEG. Earnings per share: $1.76 Revenue: $78.85 billion
19 May 2026
SpaceX picks Goldman Sachs to lead record-breaking IPO, sources say
Tesla and SpaceX CEO Elon Musk attends a state banquet for President Donald Trump and China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images
19 May 2026
Anthropic hires OpenAI co-founder Andrej Karpathy, former Tesla AI leader
Andrej Karpathy, an artificial intelligence researcher who co-founded OpenAI before getting poached by Tesla, announced on Tuesday that he's joining Anthropic.
19 May 2026
Musk and Altman take their battle from court to Wall Street ahead of landmark IPOs
Elon Musk arrives to court at the Ronald V. Dellums Federal Building on April 30, 2026 in Oakland, California. Benjamin Fanjoy | Getty Images Elon Musk lost his lawsuit against OpenAI CEO Sam Altman on Monday, ending one round in the fight between the former friends and co-founders, and setting the stage for an even bigger battle as the billionaires gear up to lead potentially record-setting…
19 May 2026
Startup backed by American Eagle CEO reaches unicorn status in latest funding round
A customer shops in an American Eagle store on in Miami, April 4, 2025. Joe Raedle | Getty Images Radar, a startup backed by American Eagle CEO Jay Schottenstein that helps retailers manage in-store inventory and cut back on theft and lost merchandise, reached unicorn status with its latest funding round, CNBC has learned.
19 May 2026
Blackstone to invest $5 billion in AI infrastructure venture with Google, powered by TPU chips
Blackstone, the world's largest private owner of data centers, will invest $5 billion in equity capital in a new artificial intelligence infrastructure company with Google, the New York-based asset management firm announced Monday.
18 May 2026
Google I/O primer: Alphabet's AI showcase is its chance to wow Wall Street
Alphabet 's stock is up 140% over the past year, with a cloud business that is growing faster than Amazon's and Microsoft's . But 18 months ago, the Google parent looked like it had spent a decade preparing for the artificial intelligence era, only to watch OpenAI define the market. Now, Wall Street is valuing Alphabet like one of the few companies positioned to profit from every layer of the…
15 May 2026
Closing arguments conclude in Musk v. Altman, jury to deliberate next week
OpenAI CEO Sam Altman arrives at the federal courthouse, as the trial in Elon Musk's lawsuit over OpenAI's for-profit conversion continues, in Oakland, California, U.S., May 14, 2026.
