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Airbnb’s Chesky helped put Sam Altman back in power. Now he’s building an AI lab to compete with him.

Brian Chesky has spent years as an AI kingmaker. He met Sam Altman through Y Combinator in 2006, advised him on managing OpenAI’s hypergrowth, and helped broker Altman’s return to power after the board fired him in November 2023. He was reportedly considered for a seat on OpenAI’s board. Now he is entering competition with his […]

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Token prices fell 98%. Enterprise AI bills tripled. Now the industry wants a standards body to explain why.

Uber blew through its entire 2026 AI coding budget by April. Microsoft revoked its developers’ Claude Code licences six months after enabling them. One company reportedly ran up a $500 million Claude bill in a single month after forgetting to set usage limits. A Priceline employee told TechCrunch that a routine Cursor contract renewal came back four to five times […]

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Token prices fell 98%. Enterprise AI bills tripled. Now the industry wants a standards body to explain why. Read More »

Von der Leyen’s AI envoy pick triggers conflict-of-interest backlash weeks after Siemens helped gut the AI Act

The European Commission has appointed Jim Hagemann Snabe, chairman of Siemens’ supervisory board, as its special envoy for industrial artificial intelligence. He will advise Commission President Ursula von der Leyen and tech sovereignty chief Henna Virkkunen on how to accelerate AI adoption across European industry. The backlash was immediate. Snabe’s appointment lands weeks after Siemens […]

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FIFA World Cup 2026 is a cybercriminal’s dream, and the scams are already live

The most oversubscribed sporting event in history is also the most phished. With more than 150 million ticket requests in the first 15 days and just six million seats across 16 cities in the US, Canada, and Mexico, the 2026 FIFA World Cup has created exactly the conditions that fraud thrives on: scarcity, urgency, and money moving […]

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Blackstone-backed AirTrunk plans $30bn India data centre push as the country becomes AI’s next construction site

Six weeks ago, AirTrunk did not operate in India. Now it wants to spend $30 billion there. The Blackstone-backed hyperscale data centre operator announced on Thursday that it plans to invest more than INR 3,000 billion ($30 billion) in India by 2030, building over 5 gigawatts of digital infrastructure capacity across multiple states and union […]

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Japan risks becoming an ‘AI colony’, its digital minister warns

The phrase Japan’s digital minister chose was deliberately stark. Hisashi Matsumoto warned that the country risks becoming an “AI colony” if it fails to keep pace with the technology, using the term to defend a government-backed bill that would amend Japan’s personal-data protection law to let AI developers use medical and criminal records without obtaining […]

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Anthropic says Claude writes 80% of its own code and the world needs a plan to hit the brakes

One of Anthropic’s engineers hasn’t written a line of code in five months. Not because the work dried up, but because Claude does it now. As of May 2026, more than 80% of the code merged into Anthropic’s production codebase was authored by Claude, up from low single digits when Claude Code launched in February 2025. […]

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Data-centre developer Switch in talks to raise at $50bn-plus valuation

Switch is trying to raise money at a valuation that would have looked implausible for a data-centre developer a few years ago. The Las Vegas company is in talks to raise billions of dollars at a valuation of at least $50bn, according to The Information, as it moves to capitalise on the demand for the […]

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Trump officials fear a loophole let Chinese firms buy Nvidia Blackwells

The gap, officials worry, let Chinese companies acquire banned chips through overseas subsidiaries. New guidance is meant to close it, after the chips may already have moved. The export ban worked on paper and leaked in practice. Trump administration officials are worried that a gap in US rules allowed Chinese companies to legally buy servers […]

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US officials have discussed taking government stakes in AI companies

The idea is unusual enough that it took a moment to register: the United States government, owning a slice of the companies building frontier AI. According to a report by NOTUS, senior US officials have held preliminary discussions with major AI companies about exactly that, the federal government acquiring shares in the firms at the […]

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