🔥 Cerebras IPO Explodes: Stock Pops 108% on First Day of Trading
AI chipmaker Cerebras Systems raised $5.5 billion in its IPO on Thursday, pricing shares at $185 — well above its already-raised range of $150–$160. The stock then opened at $385, more than doubling (+108%), before settling at $311 by close, giving the company a $66 billion valuation. It marks the first huge tech IPO of 2026 and signals massive investor appetite for AI infrastructure plays.
Source: TechCrunch
📱 OpenAI Brings Codex to the ChatGPT Mobile App
OpenAI is now letting users access Codex, its desktop AI coding agent, directly from the ChatGPT app on iOS and Android. Users can tell Codex on their computer what to do from their phone — review outputs, approve commands, change models, or start new tasks. Files, credentials, and permissions stay on the local machine while updates flow to the phone in real time. The feature is rolling out as a preview for all ChatGPT plans, including free and Go tiers.
Source: The Verge
⚖️ OpenAI Reportedly Preparing Legal Action Against Apple
OpenAI is so frustrated with Apple over a ChatGPT integration that failed to deliver the subscribers and prominence it expected that the company is now actively exploring legal action against the iPhone maker. The dispute centers on Apple’s integration of ChatGPT into iOS, which OpenAI claims did not meet the terms of their partnership agreement. It wouldn’t be the first Apple partner to feel burned by the arrangement.
Source: TechCrunch
🚀 xAI Launches Grok Build — Agentic Coding CLI
Elon Musk’s xAI launched an early beta of Grok Build, a new agentic coding CLI tool designed to compete with Anthropic’s Claude Code and OpenAI’s Codex. The tool is initially available to subscribers of xAI’s SuperGrok Heavy plan. It signals xAI’s push into the AI-assisted coding space that has become a key battleground among AI companies.
Source: The Verge
đź‘Ą SpaceXAI Bleeding Talent: 50+ Employees Depart Since Merger
Elon Musk’s newly rebranded SpaceXAI is losing top talent rapidly, with more than 50 researchers and engineers departing since February, according to The Information. The exits include key leaders across coding, world models, and Grok voice. At least 11 former xAI employees have defected to Meta, and at least seven have joined Mira Murati’s Thinking Machine Labs. The company’s core pre-training team has reportedly dwindled to just a handful of people.
Source: TechCrunch
đź’Ľ Cisco Cuts 4,000 Jobs to Invest More in AI
Networking giant Cisco is cutting nearly 4,000 jobs (about 5% of its workforce) despite reporting better-than-expected profit and record quarterly revenue. The company said it is restructuring to invest more in AI and cybersecurity. Cisco joins a growing list of tech companies — including Cloudflare and GM — that are laying off staff to redirect spending toward AI, even while posting strong financials.
Source: TechCrunch
🧠Richard Socher’s $650M Startup: AI That Builds Itself
AI veteran Richard Socher (founder of You.com) has launched a new $650 million startup that aims to build an AI system capable of researching and improving itself indefinitely. The ambitious project promises to actually ship products — a pointed contrast to the many self-improving AI concepts that have remained purely theoretical.
Source: TechCrunch
đź’° Wirestock Raises $23M to Supply Multimodal Data to AI Labs
Wirestock, which pivoted from stock photo distribution to becoming an AI data provider, has raised $23 million to expand its platform. The company now supplies datasets of images, videos, design assets, and gaming/3D content to AI labs, with over 700,000 artists and designers signed up to complete data collection tasks. The raise highlights the growing market for licensed, multimodal training data.
Source: TechCrunch
🏛️ Musk v. Altman Trial: Closing Arguments Delivered
Closing arguments concluded Thursday in the landmark Musk v. Altman trial. OpenAI defense attorney William Savitt argued that Musk has “selective amnesia” and “unclean hands,” noting that Musk was abroad with President Trump rather than in court while Altman and Brockman sat through the proceedings. The case now heads to jury deliberation, which will determine the future of OpenAI’s nonprofit structure.
Source: TechCrunch | The Verge
đź“… Published today, sourced from stories within the last 24 hours.
Disclaimer: This post was compiled from publicly available news sources. All stories are from May 14–15, 2026. Links and summaries are provided for informational purposes only.
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