AI News

Daily curated updates on AI tools, models, and the companies building them.

Google Backstops $35 Billion Chip Deal to Keep Anthropic Running on Its TPUs

Google has agreed to backstop lease payments for a $35 billion chip financing deal that keeps Anthropic running on its custom TPUs across five U.S. data centers, deepening the financial entanglement between two companies that are also AI competitors.

Microsoft AI Chief Warns Anthropic's Claude Consciousness Talk Is 'Really Dangerous'

Jun 10

OpenAI Confidentially Files for IPO, Targeting $1 Trillion Valuation

Jun 10

Perplexity CEO Sets 2028 IPO Target, Betting AI Search Can Wait While Rivals Rush In

Jun 10

Salesforce Cuts Jobs for Third Time in Nine Months Despite $1.2B AI Revenue

Jun 10

Anthropic Releases Claude Fable 5, First Public Mythos-Class AI Model

Jun 10

Trump Signs AI Security Order Requiring 30-Day Review of Frontier Models

Jun 9

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Lilium Flying Taxi Dreams Crash: Startup Goes Bankrupt, Laying Off 1,000 Employees

In a shocking turn of events, German flying taxi startup Lilium has announced its shutdown, laying off 1,000 employees after failing to secure necessary funds. The ambitious startup, known for its innovative VTOL aircraft, struggled to bring its vision to life. Despite raising $1 billion and going public via a SPAC merger in 2021, financial hardships proved insurmountable. The industry's broader challenges, including complex regulatory frameworks, have come to light with Lilium's downfall.

Dec 26

Lilium Flying Taxi Dreams Crash: Startup Goes Bankrupt, Laying Off 1,000 Employees

Lilium Crashes: Electric Aircraft Startup Shuts Down, 1,000 Laid Off

In a shocking turn of events, electric aircraft pioneer Lilium has ceased all operations, leaving around 1,000 employees jobless. After raising over $1 billion and going public through a SPAC merger, the company was poised to revolutionize urban air travel with its VTOL aircraft. However, the lack of additional financing forced Lilium to ground its ambitions. While it had secured pre-orders, including one from Saudi Arabia, Lilium's technology and assets might now be up for grabs as KPMG manages the insolvency proceedings.

Dec 26

Lilium Crashes: Electric Aircraft Startup Shuts Down, 1,000 Laid Off

Bending Spoons Files for $20B Nasdaq IPO After Acquiring 50-Plus Digital Products

Milan-based Bending Spoons filed for a Nasdaq IPO targeting a $20 billion valuation after acquiring more than 50 digital products including Evernote, Vimeo, and AOL. The company reported $601 million in Q1 2026 revenue with 500 million monthly active users and 9 million paying subscribers.

yesterday

Bending Spoons Files for $20B Nasdaq IPO After Acquiring 50-Plus Digital Products

AI Drives 40% of US Job Cuts in May as 97,000 Positions Eliminated

AI was cited as the primary reason for 40% of all US job cuts in May 2026, according to the Challenger Report, with 97,006 positions eliminated overall. A separate Mercer survey found 99% of CEOs expect AI-driven layoffs within two years, as the technology sector alone shed 38,242 jobs — the highest monthly total since August 2024.

yesterday

AI Drives 40% of US Job Cuts in May as 97,000 Positions Eliminated