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Cloudflare Posts Record Quarter, Then Axes 20% of Staff-Blames AI
Cloudflare Q1 2026 revenue hit $639.8M, up 34% YoY. CEO Matthew Prince laid off 1,100 staff, citing internal AI that made their roles redundant.
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SpaceX Plans Orbital AI Supercomputer with Anthropic Partnership
Elon Musk announces SpaceX will offer high-scale AI compute via Starlink satellites, partnering with Anthropic to challenge terrestrial data centers.
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OpenAI Model Cracks 80-Year-Old Mathematics Problem
An OpenAI reasoning model solved the planar unit distance problem, refuting a 1946 Erdős conjecture with a 125-page proof.
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Nvidia Concedes China's AI Chip Market to Huawei Amid US Export Restrictions
US export bans force Nvidia out of China's advanced AI chip market. Huawei seizes the opportunity with state backing.
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Meta Axes 8,000 Jobs, Pivots 7,000 to AI
Meta Platforms cuts 8,000 jobs and reassigns 7,000 to AI roles, with $145B infrastructure spend planned. A major strategic shift from the metaverse.
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OpenAI's Reasoning Model Cracks Erdős' 80-Year Math Problem
An OpenAI reasoning model disproves the planar unit distance conjecture posed by Paul Erdős in 1946, a feat verified by Fields Medalist Tim Gowers.
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OpenAI Targets September IPO, Aims to Raise $60 Billion
OpenAI plans to file for a US IPO as early as September, seeking to raise $60 billion at an $852 billion valuation, intensifying competition with Google and Meta.
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ASML CEO Says Starlink Is a Major New Engine for Chip Demand
ASML CEO highlights SpaceX's Starlink satellite network as a growing driver of semiconductor demand, beyond AI and smartphones.