Author: precious

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…

Nvidia pulled in $81.6 billion in revenue for the quarter ending April 2026, up 85% from a year ago and beating analyst expectations. For the second quarter, the company forecasts $91 billion, a figure that does not include any chip sales to China. But the headline figures were not the most significant thing CEO Jensen Huang said on the earnings call. The more consequential announcement was a processor that Nvidia is aiming at a market it has never competed in. The Vera CPU and Why It Matters During the earnings call, Huang described Vera as the “world’s first CPU, purpose-built…

Google used its I/O 2026 developer conference to announce a major shift from AI chatbots to agentic AI systems, which are tools that can act on a user’s behalf across apps, devices, and the web. At the center of that shift was Gemini 3.5 Flash, a new model that Google described as the first in its latest family combining frontier intelligence with action. Google is calling this the “agentic Gemini era,” and every product announcement at the I/O 2026 event was built around that framing. A Flash Model That Now Outperforms a Pro Gemini 3.5 Flash outscores Gemini 3.1 Pro…

Moonshot AI, the Beijing-based lab behind the Kimi series of open-weight large language models, has raised roughly $2 billion at a valuation of $20 billion. The round was led by Long-Z Investments, the venture capital arm of Chinese food delivery giant Meituan, with additional participation from Tsinghua Capital, China Mobile, and CPE Yuanfeng. The raise is the largest single funding event in China’s large language model sector, making Moonshot the best-funded AI lab in the country. The company has now raised $3.9 billion over the past six months. For context on how fast things have moved, Moonshot was valued at…

Trellix, a global cybersecurity company formed from the 2021 merger of McAfee Enterprise and FireEye, has confirmed that attackers gained unauthorized access to a portion of its source code repository. The disclosure was made publicly on May 2, 2026, after the company identified the intrusion and engaged leading forensic experts to investigate. Law enforcement has also been notified. For a company whose entire business is built on keeping others secure, having its own source code stolen is the kind of incident that demands more than a short statement. What Trellix Has Confirmed Trellix’s official statement reads: “Trellix recently identified unauthorized…

OpenAI recently launched a new standalone business unit, backed by more than $4 billion in initial investment and built entirely around one goal – getting its AI systems working inside the daily operations of large businesses. The company is called the OpenAI Deployment Company, majority-owned and controlled by OpenAI, and formed as a partnership with 19 global investment firms, consultancies, and system integrators. It represents the clearest sign yet that the competitive edge in AI is no longer just about building the best model. What DeployCo Will Do The new company will focus on deploying specialists called Forward Deployed Engineers…