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Meta posted a record Q1 2026 revenue of $56.3 billion on April 29, then announced 8,000 layoffs and raised its AI infrastructure budget to $145 billion - sending the stock down 7% despite the record earnings.
Six companies just released MRC, an open networking protocol that routes AI training traffic across hundreds of simultaneous paths to end GPU idle time at supercomputer scale.
A California federal court has granted preliminary approval to a $250M class-action settlement against Apple for advertising AI features that still don't exist.
China's state semiconductor fund is leading DeepSeek's first-ever VC raise at a $45B valuation, signaling a strategic shift from chip investment to backing AI model labs directly.
SAP buys German tabular AI startup Prior Labs and commits €1B to build Europe's first frontier AI lab, while also acquiring data lakehouse Dremio in a two-front push on structured enterprise data.
Apple's iOS 27 'Extensions' feature lets users swap Claude, Gemini, or ChatGPT into Siri, Writing Tools, and Image Playground - the first time rival AI models can power Apple Intelligence natively.
Anthropic has committed $200 billion to Google Cloud over five years - the largest cloud contract in AI history - alongside a 3.5 GW TPU capacity deal with Google and Broadcom coming online in 2027.
Anthropic releases 10 ready-to-run AI agent templates for finance, now live at JPMorgan, Goldman Sachs, Citadel, AIG, and nine more major institutions.
Pennsylvania sues Character.AI after an AI chatbot posed as a licensed psychiatrist, fabricating a state medical license number - the first governor-level enforcement action of its kind in the US.
Subquadratic exits stealth with SubQ, the first frontier model built on a sparse-attention architecture, a $29M seed round, and a 12M-token context window that costs a fraction of Opus.
Sierra raised $950M at a $15.8B valuation to put AI agents in charge of customer service for some of the world's largest insurers and banks - and the safety questions are just beginning.
REDMOD, Mayo Clinic's radiomics AI, detects 73% of pancreatic cancers in CT scans that look normal to radiologists - nearly double the rate specialists achieve.
