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Reddit Q1 revenue jumps 69% to $663m, and shares rally 9%

The social platform beat Wall Street estimates across every line, raised Q2 guidance above consensus, and reported $1m in capital expenditure, a striking contrast to the hyperscaler capex arms race. Reddit reported first-quarter 2026 revenue of $663 million, up 69% year on year and 8.5% above the $611 million Wall Street consensus, in earnings released […]

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The US government and the AI industry are both betting on debt. They are drawing from the same pool.

The United States government now owes more than the country produces. Data released by the Bureau of Economic Analysis on 30 April showed that debt held by the public stood at $31.27 trillion at the end of March, while nominal GDP over the preceding 12 months was $31.22 trillion, pushing the ratio to 100.2 per […]

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Zuckerberg tells Meta employees the layoffs are about capex, not AI productivity

At a Thursday town hall, the Meta CEO made the explicit trade-off he had previously left implicit: ‘We basically have two major cost centres in the company: compute infrastructure and people-oriented things.’ The chief people officer also declined to rule out additional layoffs Meta CEO Mark Zuckerberg attributed the company’s upcoming layoffs to its rising […]

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OpenAI-backed 1X opens California factory targeting 10,000 home humanoid robots in year one

The Norway-founded company’s vertically integrated NEO factory in Hayward marks the first US-scale push to put a general-purpose humanoid robot into private homes, with shipments planned this year and a competitive field that is already crowded 1X Technologies has opened a 58,000-square-foot manufacturing facility in Hayward, California, to produce its NEO humanoid robot at consumer […]

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Meta cancelled the contract with the people who saw what its glasses see

In February 2026, workers at Sama, a Nairobi-based outsourcing company contracted by Meta, told Swedish newspapers Svenska Dagbladet and Göteborgs-Posten that they had been reviewing footage captured by users of Meta’s Ray-Ban smart glasses. The footage included people having sex, going to the toilet, undressing, and handling bank details. The workers’ job was to label […]

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Anthropic’s Mythos is moving between governments faster than regulators can agree on what to do with it

Anthropic’s most controversial product has spent its first three weeks moving between state actors who cannot agree on whether it is theirs to use, theirs to block, or someone else’s problem entirely. On Wednesday morning, an unnamed Trump administration official told the Wall Street Journal that the White House opposed Anthropic’s plan to expand access […]

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Apple posted its best quarter ever by not building an AI model

Apple reported its best March quarter in history on Thursday, posting revenue of $111.2 billion, up 17 per cent year over year, with net profit of $29.6 billion. iPhone revenue reached a March quarter record of $58 billion, up 22 per cent, driven by what Tim Cook called “extraordinary” demand for the iPhone 17, which […]

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OpenAI president says AI is now writing 80% of the company’s code

Greg Brockman’s comments at Sequoia’s AI Ascent 2026 conference fit a pattern of AI lab leaders citing self-reinforcing productivity numbers, but the underlying evidence on AI coding productivity remains substantially more contested than the headline figure suggests. OpenAI president Greg Brockman said AI is now writing roughly 80% of the company’s code at Sequoia Capital’s […]

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The man who built Internet Explorer wants to teach AI to think on 20 watts

Thomas Reardon has a pattern. In 1994, he created the project that became Internet Explorer, the browser that turned Microsoft from a software company into an internet company and triggered the most consequential antitrust case in technology history. In 2015, he co-founded CTRL-labs, a neural interface startup that built a wristband capable of translating electrical […]

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OpenAI now lets you lock your ChatGPT account with a hardware key. Here is why it thinks you should.

OpenAI has released a security feature for ChatGPT accounts that treats them the way banks treat online banking: hardware keys, no passwords, no email recovery, and no help from customer support if you lose access. The feature, called Advanced Account Security, is an opt-in setting that requires users to authenticate with two passkeys, two hardware […]

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