Fermi CEO and CFO Exit - $20B Nuclear AI Bet Implodes
Fermi America's CEO and CFO both departed as the nuclear-powered AI data center startup collapsed 83% from its IPO high with no revenue and no anchor tenant.
Corporate strategy
Tesla Hid Thousands of Fatal Autopilot Incidents, RTS Says
Swiss broadcaster RTS reopens the 2023 Tesla Files leak in context of the confirmed $243M Miami verdict. The combined record: 2,400+ concealed sudden-acceleration complaints, 1,000+ undisclosed crashes, and a federal court that found Tesla knew.
OpenAI Loses Three Execs as Sora Era Ends and IPO Nears
Kevin Weil, Bill Peebles, and Srinivas Narayanan all left OpenAI on the same day as the company dismantles its consumer moonshots and sharpens its focus on enterprise revenue ahead of a potential IPO.
Snap Fires 1,000 as AI Now Writes 65% of Its Code
Snap cut 16% of its workforce on April 15, citing AI-generated code as the direct cause. The stock jumped. The workers left. Here is what the company's own numbers actually say.
74% of AI's Gains Flow to Just 20% of Firms - PwC
A new PwC survey of 1,217 executives finds 74% of AI's economic returns go to just 20% of companies, while 56% of CEOs report no measurable benefit from their AI investments.
Anthropic Safety Overseer Gets Board Majority at Last
Anthropic's Long-Term Benefit Trust appointed Novartis CEO Vas Narasimhan to the board, giving its independent safety overseers a board majority for the first time.
OpenAI Backs Bill Shielding AI Labs From Mass-Harm Suits
OpenAI is backing an Illinois bill that would protect AI labs from lawsuits even when their models contribute to mass casualties or billion-dollar disasters.
Perplexity Hits $450M ARR After Agents Pivot
Perplexity's annual recurring revenue crossed $450M in March after a 50% single-month jump driven by its Computer agent platform - not search.
OpenAI Cracks at the Top as $852B IPO Looms
Three OpenAI executives shift roles simultaneously days after closing a $122 billion round, raising questions about leadership continuity before an expected 2026 IPO.
OpenAI Buys TBPN in Its First Media Acquisition
OpenAI pays low hundreds of millions for TBPN, an 11-person tech talk show with 70,000 daily viewers - placing it under the company's chief political operative ahead of its IPO.
Microsoft Launches Three AI Models to Rival OpenAI
Microsoft's MAI division releases MAI-Transcribe-1, MAI-Voice-1, and MAI-Image-2 - beating OpenAI and Google on key benchmarks while signaling a strategic break from exclusive reliance on its OpenAI partnership.
OpenAI Drops Sora to Chase Enterprise Revenue
OpenAI is shutting down its Sora video app and killing a $1B Disney deal as it pivots aggressively toward enterprise clients ahead of a public listing.
