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SK Hynix is about $50bn away from being a trillion-dollar company

Two AI memory rallies, one country, and a market cap chart that has gone up 9x in two years. If SK Hynix crosses the threshold, South Korea becomes the first country outside the US to host two trillion-dollar companies at the same time. SK Hynix is roughly $50bn away from a trillion-dollar market capitalisation. Its […]

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Cerebras raises $5.55bn in the biggest US tech IPO since Snowflake

Priced at $185, above the marketed range, the wafer-scale chip company opens trading on Thursday at a $56.4bn valuation. The OpenAI deal is what got the book covered. The customer concentration footnote is what the next quarter has to answer. Cerebras Systems priced its IPO at $185 per share on Wednesday evening, above the marketed […]

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OpenAI says no user data was touched in the TanStack npm worm

Two corporate laptops, some credential material, and a forced macOS app update. The interesting part is how the malicious packages got published in the first place: not by a stolen npm password, but by TanStack’s own legitimate release pipeline, after the attacker code took over the runner mid-build. OpenAI said on Wednesday that it found […]

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Microsoft is quietly shopping for an OpenAI replacement

The company that put $13bn into OpenAI now wants the option not to need it. Cursor was the first try and fell apart over GitHub Copilot; talks with Stanford diffusion-LLM startup Inception are alive, and the broader strategy belongs to Mustafa Suleyman. Reuters reported on Wednesday, citing five people familiar with the matter, that the […]

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AI tools are everywhere, so why do most people still use them like it’s 2015?

AI tools are everywhere, so why do most people still use them like it’s 2015? Artificial intelligence now sits inside almost every tool you open, from search engines and office apps to browsers, phones, and creative software. Updates keep adding assistants, copilots, and generators, each one promising to change how work gets done. On paper, […]

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Fractile raises $220m to take its in-memory-compute inference chip into production

Accel led the London chip startup’s round, with Pat Gelsinger joining as an angel investor, weeks after Anthropic was reported to be in early discussions to become a customer. Fractile, the London-based startup designing inference chips that put compute and memory on the same die, has raised $220 million to take its hardware to production, […]

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LinkedIn becomes the latest name on a 100,000-job tech layoff list

Microsoft’s professional network becomes the latest name on a list that now includes Meta, Amazon, Oracle, and IBM, even as the same companies are guiding $725 billion of AI capital spending this year. LinkedIn is cutting roughly 5% of its staff, the latest reduction at a Microsoft-owned business and the most recent entry in a […]

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Most startups don’t have a burn problem. They have a decision problem

Running out of money is a story as old as startups, and still highly relevant in 2026. According to recent findings of CB Insights, based on an analysis of 431 VC-backed companies that shut down since 2023, “ran out of capital” tops the list at 70%.  Yet, while burn is often treated as the core […]

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Meta employees protest new mouse-tracking software days before mass layoffs

Flyers framing the Model Capability Initiative as an ‘Employee Data Extraction Factory’ appeared in US offices on Tuesday, with a petition and a UK unionisation drive in train By Tuesday afternoon, the flyers were everywhere. Meta employees at several US offices walked into meeting rooms, broke for coffee at vending machines, and used the restrooms […]

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Meta loses Italian publisher pay case at EU’s top court

The Court of Justice has ruled that Italy’s AGCOM can require Meta to pay publishers for news snippets, the first time the bloc’s top court has weighed in directly. Meta lost its bid to overturn an Italian regulatory order requiring it to compensate publishers for the use of their news snippets, after the Court of […]

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