Author: precious

Groq has secured $650 million in new growth capital to accelerate the expansion of its AI inference cloud. The round was led by Disruptive and Infinitum, with participation from investors who elected to reinvest in the company. Six months after the company handed over its founder, president, and core engineering team to Nvidia in a deal worth roughly $20 billion, it is back under new leadership and betting everything on the one market it was originally built for. What Led to This In December 2025, Nvidia agreed to a non-exclusive license to Groq’s technology. Groq’s founder Jonathan Ross, who helped…

New York Attorney General Letitia James has served OpenAI with a subpoena, acting on behalf of a coalition of 42 state attorneys general. The subpoena seeks documents covering OpenAI’s advertising practices, user engagement and retention strategies, handling of consumer and health data, its treatment of minors and seniors, use of deep learning models, model sycophancy, and internal company policies. AI Sycophancy, in this context, describes a chatbot that tells a user what they want to hear rather than what is true or safe. It is the broadest legal investigation any state government has opened against an AI company, and it…

Google has fixed a security flaw in its Vertex AI cloud platform that lets attackers hijack a victim’s machine learning model uploads and run malicious code inside Google’s own infrastructure, without ever touching the victim’s account. What the Flaw Allowed The vulnerability lived inside the Vertex AI SDK for Python, the tool many developers use to build and upload machine learning models to Google Cloud. Palo Alto Networks’ Unit 42 named the technique “Pickle in the Middle.” An attacker needed only two things to pull it off, a Google Cloud project of their own and the victim’s project ID, a…

Microsoft confirmed its June 2026 Patch Tuesday update on June 9, fixing dozens of Windows vulnerabilities. Hours later, a researcher already banned from GitHub published a new zero-day exploit targeting Microsoft Defender, marking the third consecutive month the researcher has timed a disclosure to Patch Tuesday, which is the day Microsoft ships its monthly batch of security fixes. What Happened On June 9, the researcher known as Nightmare Eclipse, who also posts as Chaotic Eclipse, published proof of concept code for a new Windows zero day named RoguePlanet. The exploit targets Microsoft Defender and works against fully patched Windows 10…

Elon Musk’s net worth has crossed $1 trillion, making him the world’s first trillionaire. This comes a day after SpaceX went public for the first time and its stock began trading on Nasdaq. SpaceX initially priced its initial public offering (IPO) at $135 per share, selling 555.6 million shares and raising $85.7 billion. This offering valued the company at roughly $1.77 trillion, making it the largest IPO on record and surpassing Saudi Aramco’s $29 billion raise in 2019. And because Musk owns roughly 40 % of SpaceX, that stake alone immediately became worth hundreds of billions of dollars. This Status…

Elon Musk’s SpaceX has agreed to buy Cursor, the artificial intelligence (AI) coding tool built by Anysphere, in an all-stock deal worth $60 billion. The agreement was confirmed in a securities filing on June 16, just days after SpaceX’s record breaking debut on the Nasdaq pushed the company’s valuation past $2 trillion. Cursor will become a wholly owned subsidiary of SpaceX once the deal closes, which the company expects to happen in the third quarter of 2026. The size of the deal alone makes it the largest acquisition of a venture backed startup on record. A Funding Round That Never…

DeepSeek has closed its first outside funding round, raising more than $7.4 billion in a deal that values the Chinese AI lab at up to $59 billion. The round marks the first time the company has accepted money from anyone outside High-Flyer, the quantitative hedge fund founded by DeepSeek’s own founder, Liang Wenfeng. The round took in roughly 50 billion yuan and places DeepSeek among the largest privately funded technology companies in China. It also ends, at least for now, the lab’s reputation for staying away from outside capital even as rival AI companies chase larger checks. An Unusual Way…

OpenAI confirmed last week it had submitted a confidential draft S-1 to the U.S. Securities and Exchange Commission, targeting a public listing as early as September and a valuation that could exceed $1 trillion. The company was characteristically candid about the announcement, writing in a blog post: “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it.” The filing comes weeks after a significant legal win. A May 18 jury verdict dismissed all claims in Elon Musk’s lawsuit against the company under California’s statute of limitations, which immediately reduced the legal pressure over the…

Developer Platform GitLab has confirmed it will lay off roughly 350 employees and pull out of operations in 22 countries, a restructuring move the company tied directly to its push into AI agent driven software development. The lay-off represents about 14% of GitLab’s full-time workforce. This news was disclosed alongside the company’s first quarter fiscal 2027 earnings, even as the business reported stronger revenue growth and improved profit guidance. Why GitLab Says This Isn’t a Cost-Cutting Drive CEO Bill Staples has repeatedly framed the plan as something other than a simple savings exercise. He has told investors that agentic workloads,…

Anthropic has disabled two of its newest and most powerful AI models worldwide, just four days after launching them, following an order from the United States government. The company said on Friday that the U.S. government had sent a letter directing it to suspend all access to Claude Fable 5 and Claude Mythos 5 for any foreign national, whether they are inside or outside the United States. The order also covers Anthropic employees who are not U.S. citizens. What The Order Covers Anthropic had already treated this model with caution. When it first introduced Claude Mythos in April 2026, the…