Sara Montes de Oca

The Trump family was entitled to roughly $500 million from a 2025 crypto deal with Alt5 Sigma, while the company — now called AI Financial Corp. — has lost more than 90% of its stock value and warned it may not survive as a going concern.

147 DAYS AGO

Thoma Bravo founder Orlando Bravo declared the "SaaSpocalypse" over at a Berlin private equity conference, saying AI now accounts for roughly 50% of new revenue across his firm's software portfolio companies, which together generate $35 billion in combined annual revenue.

147 DAYS AGO

CISA has ordered federal agencies to patch a critical Check Point VPN authentication-bypass flaw, CVE-2026-50751, by June 11 after Qilin ransomware affiliates exploited it as a zero-day against dozens of organizations worldwide.

148 DAYS AGO

Perplexity CEO Aravind Srinivas confirmed a 2028 IPO target, calling the timeline firm regardless of how the market receives upcoming listings from OpenAI, Anthropic, and SpaceX.

148 DAYS AGO

Apple opened its 2026 Worldwide Developers Conference with AI strategy and a CEO transition front and center, as Tim Cook leads his final WWDC keynote before John Ternus takes over in September.

148 DAYS AGO

Alphabet's $80 billion stock sale to fund AI infrastructure, combined with surging data center costs and a jobs report that extinguished rate-cut hopes, has raised fears that Amazon, Microsoft, and Meta may need to follow with their own large equity offerings.

149 DAYS AGO

GOG apologized after a June 5th promotional newsletter for the Slavic mythology game The End of the Sun included symbols that rendered as Nazi SS imagery on some platforms, with the company citing miscommunication, font rendering inconsistencies, and holiday understaffing.

150 DAYS AGO

Spot ETFs tracking the HYPE token from Bitwise, 21shares, and Grayscale attracted nearly $160 million in combined assets within days of launch, even as bitcoin and ether ETFs shed value amid a broad crypto selloff.

150 DAYS AGO

SpaceX has signed a deal to provide Google with AI compute capacity at $920 million per month, spanning from October 2026 through June 2029, as the company moves to monetize data centers built for its xAI unit ahead of a planned IPO.

151 DAYS AGO

The Trump administration and OpenAI are in ongoing discussions about a possible U.S. government equity stake in the AI company, with talks that began in 2025 centering on a proposed "Public Wealth Fund" that could distribute AI investment returns to citizens.

151 DAYS AGO

Amazon unveiled a next-generation Proteus warehouse robot capable of understanding natural-language commands, as JPMorgan lifted its sell rating on Tesla, citing the automaker's AI and robotics capabilities — two developments reflecting accelerating corporate investment in physical AI.

151 DAYS AGO

OpenAI confirmed it will comply with President Trump's executive order requiring AI companies to submit models for federal benchmarking 30 days before release, with the company's head of countries calling government oversight "quite right."

152 DAYS AGO

S&P Global said it will not change its S&P 500 eligibility requirements, blocking SpaceX from swift index entry after its record-targeting $1.75 trillion IPO. The move leaves SpaceX ineligible due to a $4.94 billion net loss reported in 2025.

152 DAYS AGO

Sen. Elizabeth Warren has invited Nvidia CEO Jensen Huang to testify before the Senate Banking Committee on June 11, focusing on the chipmaker's China sales and U.S. export control policy for advanced AI semiconductors.

152 DAYS AGO

A bipartisan pair of House lawmakers released a discussion draft of a national AI framework on Thursday, proposing to override state AI model development regulations for three years while expanding federal research and minimizing risks.

152 DAYS AGO

CISA Acting Director Nick Andersen said a binding operational directive implementing Trump's AI executive order will be released by week's end, as OpenAI CEO Sam Altman separately met with congressional leaders and White House officials in Washington.

153 DAYS AGO

Broadcom reported fiscal Q2 revenue of $22.19 billion, up 48% year over year, and AI semiconductor revenue surging 143% to $10.8 billion — but shares dropped after CEO Hock Tan held his multiyear AI targets steady rather than raising them.

153 DAYS AGO

Meta unveiled Meta Business Agent on Wednesday, an AI tool for businesses embedded across WhatsApp, Messenger, and Instagram, as the company works to reduce its roughly 98% dependence on advertising revenue.

153 DAYS AGO