SoftBank is borrowing $10B against its OpenAI stake at nearly triple the spread of its 2018 Alibaba margin loan. S&P has cut its credit outlook to negative.

Meta is laying off 10% of its workforce starting 20 May, with more cuts planned for H2 2026, while spending up to $135B on AI infrastructure and awarding executives $921M stock options.

US gas prices passed $4/gallon and EV interest hit 2026 highs, but overall EV sales fell 28% and Tesla missed delivery estimates. The tax credit mattered more than the pump.

Rilian raises $17.5M led by 8VC to deploy agentic AI into air-gapped defence and sovereign cloud environments.

The OSTP says China is running industrial-scale campaigns to distil US AI models. OpenAI, Anthropic, and Google are sharing threat intelligence. Congress is drafting sanctions.

Cloudsmith raises a $72M Series C led by TCV and Insight Partners to govern and secure the AI-generated software supply chain.

Anthropic is reportedly trading at ~$1 trillion on secondary markets, overtaking OpenAI at $880B on Forge Global.

OpenAI launches GPT-5.5, its first fully retrained base model since GPT-4.5, targeting enterprise with agentic coding, computer use, and knowledge work ...

Microsoft offers voluntary retirement to ~8,750 US employees using a "Rule of 70" formula, its first such programme in 51 years, as it redirects spending toward AI.

Bain Capital is seeking a buyer for a stake in Bridge Data Centres at a $5 billion valuation, with Citi and JPMorgan running the process.

Workers’ compensation is evolving as AI improves claims processing, decision-making, and access to care. Here’s how companies like Claim Clarity are approaching it.

Health data from 500,000 UK Biobank volunteers appeared for sale on Alibaba after three Chinese research institutions violated data-sharing contracts. The ICO is investigating.