AI

AI infrastructure company Cerebras saw its shares surge approximately 100% on its first day of trading after raising $5.5 billion, becoming one of the largest tech IPOs of 2026.

The Dow Jones Industrial Average crossed the 50,000 mark for the first time, driven by AI chip and tech stock gains as investor confidence in AI commercialization continues to grow.

Crypto data analytics firm Dune announced a 25 percent workforce reduction, with the CEO citing heavy investment in AI productivity tools.

[Brief] Asian stock markets traded mixed on May 14. Japanese and Chinese tech shares rallied on AI momentum, while broader markets remained cautious as investors awaited signals from the Trump-Xi summit in Beijing. Any trade negotiation developments could trigger ripple effects across global markets.

Court testimony in the high-profile legal battle between Elon Musk and Sam Altman has exposed that Microsoft harbored significant internal concerns about becoming overly dependent on OpenAI. Trial Revelations The court record revealed that Microsoft executives conducted internal risk assessments regarding their relationship with OpenAI. As the company’s largest investor with billions committed, Microsoft’s core products including Bing search and the Copilot assistant are deeply built on OpenAI’s technology. Strategic Vulnerability According to testimony, Microsoft recognized that this reliance created strategic exposure: if OpenAI were to redirect its partnerships or establish closer ties with rival companies, Microsoft’s AI competitive edge could face severe disruption. ...

WhatsApp has launched a fully private incognito mode for AI chatbot conversations, ensuring chats are not used for training or data processing.

Nvidia CEO Jensen Huang joins Trump’s China delegation, highlighting semiconductors as central to US-China relations.

[Flash] Apple to Pay Up to $95 to Some US iPhone Buyers Over AI Lawsuit Apple will pay up to $95 to some US iPhone buyers to settle a class action lawsuit filed last year. Plaintiffs claimed Apple misled consumers by advertising Apple Intelligence features that many iPhone models could not actually use. The payout applies only to eligible users who meet specific criteria. Source: BBC Tech

[Flash] Oscars Announce AI Actors and Writing Cannot Win Awards The Academy of Motion Picture Arts and Sciences has issued new award eligibility rules, explicitly stating that AI-generated performances and writing are not eligible for Oscars. The policy aims to protect the central role of human creators in cinematic art. Source: BBC Technology

[Flash] TikTok Scales Back AI Video Descriptions After Absurd Errors TikTok is scaling back its AI-generated video descriptions feature after users widely shared and mocked the feature’s bizarre and nonsensical outputs. The incident highlights ongoing reliability challenges in AI content generation for real-world applications. Source: BBC Technology