Jay Goldberg

Cerebras Systems closed its Nasdaq debut with a market cap just below $100 billion before falling 10% on Friday, prompting warnings from Jim Cramer that a looming SpaceX IPO — potentially valued between $1.75 trillion and $2 trillion — could fuel dangerous speculative excess across the broader market.

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President Trump purchased as much as $530,000 in Palantir shares during March 2026 before publicly endorsing the AI defense company on Truth Social the following month, U.S. Office of Government Ethics records show.

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Congressional Democrats are sounding alarms over a reported deal that would see President Trump drop his $10 billion IRS lawsuit in exchange for a $1.7 billion compensation fund under his control, with senators and House members calling it an unprecedented abuse of taxpayer funds.

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President Trump's Beijing summit with Xi Jinping brought a delegation of top U.S. tech executives including Jensen Huang, Tim Cook, and Elon Musk, with chip export controls and rare earth minerals access emerging as the defining unresolved issues of the visit.

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SpaceX is preparing to disclose its IPO prospectus as early as next week, with a roadshow targeting June 8, as the company moves toward what is expected to be the largest share offering in history following its $1.25 trillion merger with xAI.

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FBI Director Kash Patel filed an appeal Thursday after a Houston federal judge dismissed his defamation lawsuit against former FBI counterintelligence official Frank Figliuzzi, whose televised comment about Patel's nightclub visibility the court called "rhetorical hyperbole."

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Cerebras Systems opened at $350 per share on its Nasdaq debut Thursday, raising $5.55 billion in the largest U.S. tech IPO since Uber's 2019 listing and briefly topping a $100 billion market capitalization.

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Cisco shares surged 15% Thursday after the company blew past its AI infrastructure order guidance and raised its fiscal-year forecast from $5 billion to $9 billion, with CEO Chuck Robbins declaring the start of a "networking supercycle."

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Chinese President Xi Jinping told U.S. tech executives including Elon Musk, Jensen Huang, and Tim Cook that China will "open wider" to American business during a high-profile summit in Beijing with President Trump, as AI policy and chip export rules also came into focus.

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European Commission President Ursula von der Leyen called Tuesday for a new EU law delaying social media access for children, saying a formal legal proposal could emerge as soon as this summer following the release of expert recommendations.

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A researcher has released proof-of-concept exploits for two unpatched Windows flaws — a BitLocker bypass and a privilege-escalation bug — as Palo Alto Networks warns organizations have a three-to-five-month window before AI-driven cyberattacks become routine.

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Copper futures closed at a record 6.531 on Tuesday as Citi cited AI data center demand and set a $15,000 bull-case target, while chip stocks pulled back sharply on a hot inflation print.

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General Motors laid off between 500 and 600 employees in IT roles on Monday, citing workforce transformation and cost reduction, with a person familiar with the matter confirming that AI played a role in the decision.

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Amazon announced Tuesday it is expanding its Amazon Now 30-minute delivery service to dozens of U.S. cities, relying on a network of micro-fulfillment "dark stores" and Flex drivers, with plans to reach tens of millions of customers by year-end.

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A rogue version of Checkmarx's Jenkins Application Security Testing plugin was uploaded to the Jenkins Marketplace on May 9, the third supply-chain attack against the firm since late March, carried out by the TeamPCP hacker group.

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Microsoft CEO Satya Nadella testified Monday in the Musk v. Altman trial that Elon Musk never raised concerns with him about Microsoft's more than $13 billion in OpenAI investments, pushing back on claims central to Musk's lawsuit.

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President Trump has invited more than a dozen top U.S. executives — including Elon Musk, Tim Cook, and Larry Fink — to join his Beijing summit with Chinese President Xi Jinping later this week, with trade, AI, and export controls on the agenda.

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A growing class of YouTube strategy consultants — charging more than $15,000 a month — is quietly driving the success of top creators including MrBeast, as the platform's $100 billion creator economy grows increasingly competitive.

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