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OpenAI knew. It chose not to call the police. Now Sam Altman is sorry.

Sam Altman published an open letter to the community of Tumbler Ridge, British Columbia, on Thursday, apologising for OpenAI’s failure to alert law enforcement after its own systems flagged a user who went on to carry out the deadliest school shooting in Canada in nearly four decades. “I am deeply sorry that we did not […]

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OpenAI knew. It chose not to call the police. Now Sam Altman is sorry. Read More »

X-Energy’s failed $1 billion SPAC became a $1 billion IPO. The reactor did not change. The market did.

In short: X-Energy raised $1.02 billion in the largest nuclear IPO on record, pricing at $23 (21% above range) on the Nasdaq, with shares surging 31% on opening to imply a $12 billion market cap. The offering was 15x oversubscribed. The same company failed to close a $1 billion SPAC in 2023. The difference is […]

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X-Energy’s failed $1 billion SPAC became a $1 billion IPO. The reactor did not change. The market did. Read More »

US government’s Intel stake jumps 300% to $36B after CHIPS Act grants were converted to equity under Trump

In short: The US government’s 9.9% stake in Intel, acquired for $8.9 billion last August by converting CHIPS Act grants and Secure Enclave funds into equity at $20.47/share, is now worth approximately $36 billion after Intel’s stock surged 20%+ on a massive Q1 earnings beat. The $26.5 billion unrealised gain is one of the most […]

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US government’s Intel stake jumps 300% to $36B after CHIPS Act grants were converted to equity under Trump Read More »

SoftBank is converting a Sharp LCD factory into a battery plant for AI data centres. The data centres cannot wait five years.

Summary: SoftBank Corp. plans to convert part of the former Sharp LCD factory in Sakai, Osaka into one of Japan’s largest battery production lines for AI data centres, with production expected within five years (~2031). The move completes a vertical integration stack spanning chips (Arm, Graphcore, Ampere), modular data centre manufacturing (Lordstown), energy generation (SB […]

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SoftBank is converting a Sharp LCD factory into a battery plant for AI data centres. The data centres cannot wait five years. Read More »

Meta is cutting 8,000 jobs to pay for AI. It is also asking the survivors to train their replacements.

Summary: Meta is cutting approximately 8,000 employees (10% of its workforce) beginning 20 May, cancelling 6,000 open roles, and planning additional cuts for H2 2026. The layoffs, announced via an internal memo from HR head Janelle Gale, are structural rather than performance-based, reorganising teams into AI-focused “pods” while Meta spends $115-135 billion on AI infrastructure […]

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Meta is cutting 8,000 jobs to pay for AI. It is also asking the survivors to train their replacements. Read More »

White House accuses China of industrial-scale AI model distillation, commits to intelligence sharing with OpenAI, Anthropic, Google

Summary: The White House OSTP released a policy memo accusing China of “industrial-scale” distillation of US AI models, committing to share intelligence with US AI companies and explore accountability measures. OpenAI accused DeepSeek of distilling its models in February; Anthropic named DeepSeek, MiniMax, and Moonshot AI as having created 24,000 fraudulent accounts generating 16+ million […]

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White House accuses China of industrial-scale AI model distillation, commits to intelligence sharing with OpenAI, Anthropic, Google Read More »

SpaceX’s IPO filing says its orbital data centres may never work. Three months ago, Musk called them a no-brainer.

Summary: SpaceX’s confidential S-1 pre-IPO filing warns that its orbital AI data centre plans “involve significant technical complexity and unproven technologies, and may not achieve commercial viability,” contradicting Elon Musk’s January claim at Davos that space-based AI was a “no-brainer” achievable within two to three years. The filing comes as SpaceX targets a $1.75 trillion […]

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SpaceX’s IPO filing says its orbital data centres may never work. Three months ago, Musk called them a no-brainer. Read More »

Pichai opens Cloud Next 2026 with $240B backlog, 750M Gemini users, and a plan to turn Search into an agent manager

Summary: Sundar Pichai opened Cloud Next 2026 with Google Cloud at $70 billion in annual revenue, 48% growth, a $240 billion backlog that doubled in a year, and $175-185 billion in planned capital expenditure. The Gemini app has 750 million monthly users, AI Overviews reach two billion, and the Gemini API processed 85 billion requests […]

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Pichai opens Cloud Next 2026 with $240B backlog, 750M Gemini users, and a plan to turn Search into an agent manager Read More »

OpenAI’s ChatGPT ads just went cost-per-click, and the AI advertising war has its battle lines

Summary: OpenAI has shifted ChatGPT’s advertising from CPM to cost-per-click pricing, with bids between $3 and $5, after the $60 CPM it charged at launch in February eroded to as low as $25 within ten weeks. The move puts OpenAI in direct competition with Google and Meta for performance ad budgets, while Perplexity and Anthropic […]

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OpenAI’s ChatGPT ads just went cost-per-click, and the AI advertising war has its battle lines Read More »

Apple is betting John Ternus will bring back Jobs-era decisiveness at the worst possible time to be behind on AI

Summary: Bloomberg frames Apple’s CEO transition as a bet on “Jobs-era decisiveness,” with John Ternus expected to centralise decision-making and move faster on AI, where Apple’s models trail year-old competitors and the Siri overhaul has been delayed three times since 2024. He inherits a product roadmap spanning a foldable iPhone, smart glasses, and a HomePad, […]

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Apple is betting John Ternus will bring back Jobs-era decisiveness at the worst possible time to be behind on AI Read More »

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