Author: precious

U.S. Federal prosecutors charged Michele Spagnuolo, a 36-year-old Google staff information security engineer, on May 27, 2026, with using confidential company data to win over $1.2 million on the prediction market platform Polymarket. Spagnuolo, an Italian citizen living in Switzerland, had been a Google employee since 2014. He now faces charges of commodities fraud, wire fraud, and money laundering.  This case is notable less for the amount involved and more for what it reveals about how Google managed access to sensitive internal data and whether its policies were adequate to prevent this from happening in the first place. What Spagnuolo…

The World Economic Forum’s (WEF) Global Cybersecurity Outlook 2026 surveyed 804 global business leaders across 92 countries and found that 94% of respondents said AI will be the most significant driver of change in cybersecurity in the year ahead. This is the case because AI has made cyberattacks faster, cheaper, and harder to detect. The clearest concern in the report is what AI has done to the economics of launching a cyberattack. Criminal actors are now exploiting generative AI to automate and scale social engineering efforts, producing realistic phishing emails, deepfake audio and video, and falsified documentation capable of evading…

Sam Altman spent two years telling anyone who would listen that AI was coming for white-collar jobs. In June 2025, he warned that entry-level roles were at serious risk. Then, a year later, Altman at the Commonwealth Bank of Australia conference in Sydney said something different. “I’m delighted to be wrong about this,” he told CBA chief executive Matt Comyn. “I thought there would have been more impact on entry-level white-collar jobs being eliminated by now than has actually happened.” Speaking with Comyn, Altman acknowledged that while OpenAI’s technological predictions since launching ChatGPT in 2022 had been “roughly right,” their…

An unnamed enterprise racked up roughly $500 million in charges on Anthropic’s Claude in a single month, according to an AI consultant who spoke with Axios. The organization, which has not been publicly identified, gave employees access to Anthropic’s Claude with no spending caps, no token limits, and no usage restrictions in place. This meant half a billion dollars, spent on a single AI platform in 30 days because nobody switched on controls. Why Costs Exploded Costs rose especially fast among engineers using agentic workflows, large context windows, and parallel coding sessions. Unlike a standard chat interaction, agentic AI tasks…

Anthropic, the maker of the Claude family of AI models, has become the world’s most valuable artificial intelligence (AI) startup, reaching a $965 billion valuation after raising $65 billion from private investors in a funding round led by Altimeter Capital, Greenoaks, Dragoneer, and Sequoia Capital. The announcement, made on May 28, 2026, puts Anthropic ahead of ChatGPT-maker OpenAI, which attracted an $852 billion valuation in its last fundraising round in March. A Company That Did Not Exist Six Years Ago A company that did not exist six years ago, founded by people who left OpenAI because they believed it was…

Microsoft’s GitHub confirmed last month that a threat group named TeamPCP had stolen approximately 3,800 of its internal source code repositories after an employee’s device was compromised through a poisoned Visual Studio Code extension. What Happened On May 18, 2026, a compromised version of the Nx Console Visual Studio Code extension was published to the official marketplace. The malicious version, live for approximately 11 to 18 minutes, was installed by thousands of users and enabled attackers to exfiltrate credentials and internal source code repositories from affected organizations. The trojanized version was Nx Console version 18.95.0. It was live on the…

U.S. President Donald Trump called off a White House signing ceremony for a widely anticipated executive order on artificial intelligence (AI) on May 21, just hours before it was scheduled to take place. Trump told reporters in the Oval Office that he postponed it “because I didn’t like certain aspects of it,” and said he did not want to do anything that could slow down America’s lead over China in AI development. What the Order Was Designed to Do The executive order draft proposed a voluntary vetting system where AI companies could submit their most advanced models to federal agencies…

After years of operating as one of the most closely watched private companies in the world, SpaceX is going public. On May 20, 2026, Elon Musk’s aerospace company filed its S-1 registration with the U.S. Securities and Exchange Commission, officially starting the process to list its shares on the stock market for the first time. The company plans to trade on the Nasdaq under the ticker SPCX, with shares expected to start trading on June 12.  The target valuation is between $1.75 trillion and $2 trillion, and the company is looking to raise as much as $75 billion from the…

Anthropic is on track to hit $10.9 billion in revenue for the second quarter of 2026, doubling its first-quarter figure of $4.8 billion. Alongside that revenue comes a projected operating profit of $559 million, which would mark the first profitable quarter in the company’s five-year history.  As recently as last summer, Anthropic told its investors it might not reach full-year profitability until 2028. The company ended 2025 with roughly $9 billion in annualized revenue. By April 2026, that run-rate had already crossed $30 billion. With Q2 projections pointing to $10.9 billion in a single quarter, the company is tracking toward…

On May 20, 2026, Meta laid off approximately 8,000 employees while simultaneously reassigning another 7,000 workers into newly formed AI divisions. Together, these moves affected nearly one in five people on Meta’s entire payroll. The company had roughly 78,000 employees before the restructuring began. As such, about 10% of its employees were laid off, with the Facebook-owner saying the workforce reduction is tied to a broader internal reorganization designed to free up resources for AI investments. Engineering and Product Teams Bore the Biggest Impact Engineering and product divisions bore a disproportionate share of the reductions, according to people familiar with…