New AI player lands massive funding
Recursive Superintelligence Raises $500M for Self-Improving AI
Recursive Superintelligence, a fresh‑faced AI startup, has raised an impressive $500M at a $4B valuation just four months into its mission to create an AI that can endlessly improve itself without human input. Led by former OpenAI and DeepMind talent, this move marks a bold step towards AI supremacy.
Funding Frenzy: $500M Raised in Record Time
Meet the Minds: The Team Behind Recursive Superintelligence
Why It Matters: Implications for Builders
Industry Buzz: Reactions and Speculations
AI's Next Frontier: Recursive Self‑Improvement Explained
Jun 1, 2026
AI Costs Spiral as Agentic Systems Burn 1000x More Tokens Than Chatbots
Companies that raced to adopt generative AI are now slamming the brakes as costs outpace returns. Agentic AI systems burn up to 1000x more tokens than chatbots.
Jun 1, 2026
CNN Sues Perplexity AI Over Copyright Theft of 17000 News Stories
CNN has filed a federal lawsuit against Perplexity AI accusing the search startup of scraping more than 17000 news stories without permission.
May 31, 2026
Groupon Cuts 400 Jobs, Nearly 25% of Workforce, in AI-Native Restructuring
Groupon will cut up to 400 positions — nearly a quarter of its workforce — as part of Project Foundry, a multi-year restructuring to become an AI-native company. The cuts are expected by September 2026. Groupon joins Meta, Snap, and SentinelOne in explicitly framing layoffs as AI-driven transformation.
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Telus’s BC sovereign AI build could add real Canadian compute — or just better branding
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May 8, 2026
Coinbase Restructures: Cuts 14% Workforce, Embraces AI-Driven Leadership
Coinbase is axing 14% of its workforce as it ditches 'pure managers' for AI-driven roles. Expect leaner, AI-backed 'player-coaches' managing larger teams. This shift could be risky, but also transformative for those adapting quickly.
May 7, 2026
Meta's Agentic AI Assistant Set to Shake Up User Experience
Meta is launching an 'agentic' AI assistant designed to tackle tasks autonomously across its platforms. This move puts Meta in a competitive race with AI giants like Google and Apple. Builders in AI should watch how this could alter app ecosystems and user interactions.