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SAP buys Prior Labs for over €1 billion to build a frontier AI lab in Europe. Sierra raises $950 million at a $15.8 billion valuation for AI customer service agents.

Samsung's market cap reached $1 trillion as AI demand for high-bandwidth memory (HBM) chips surges. The company, along with SK Hynix and Micron, is racing to meet data center needs.

Samsung reached $1 trillion market value driven by AI demand for HBM chips, while Nvidia underperforms despite its central role in AI.

SageOX emerged from stealth with $15 million seed round led by Canaan to address AI agent context and memory issues. Meanwhile, a F5 report finds 78% of organizations now run AI inference as a core operation.

Chancellor Reeves plans to break the link between gas and electricity prices, aiming to lower consumer bills. The move could reshape the UK energy market.

Kevin Warsh's nomination to replace Jerome Powell as Fed Chair advances, with the S&P 500 trading at 20.9 times forward earnings above its 10-year average of 18.9. Elevated inflation risks from geopolitical tensions coul

Disney reported $25.17 billion in quarterly revenue, beating expectations, as streaming operating income jumped 88% to $582 million. Shares rose 7% in early trading.

Coinbase CLO Grewal predicts the CLARITY Act will pass this summer and supports the GENIUS Act stablecoin framework, urging banks to accept the compromise. Over half of internet traffic is now non-human, per Cloudflare.

Anthropic faces capacity constraints as AI demand surges 80-fold, while xAI's rapid data center build-out gives it a competitive edge. 78% of enterprises now run inference in-house.

US debt held by the public reached $31.27 trillion in March 2026, surpassing GDP of $31.22 trillion. Fitch Ratings warns of a possible downgrade from AA+ as the One Big Beautiful Bill Act adds $4.7 trillion to debt.

Sierra hits $150M ARR and launches Ghostwriter as Anthropic and OpenAI each stand up billion-dollar enterprise joint ventures. Uber now generates 10% of code autonomously.

Shopify reported Q1 revenue of $3.17B, beating estimates, but shares fell 9% as Q2 guidance signals growth deceleration to high-twenties. GMV surpassed $100B for the first time.

OpenAI's new default ChatGPT model reduces false claims by over half in high-stakes fields and introduces memory sources for personalized responses, available first to Plus and Pro users.

Morgan Stanley launches crypto trading on E*Trade with a 50 basis point fee, undercutting Coinbase and Robinhood. The pilot covers Bitcoin, Ether, and Solana, with full rollout to 8.6 million clients later in 2026.

The Federal Reserve kept rates unchanged at its April 2026 meeting, while swaps pricing indicates a >50% probability of a rate hike by April 2027. Despite inflation concerns, the S&P 500 rose 1.12% to 7,340.62.

Bitcoin surged above $81,000 on May 5, driven by $2.44 billion in April spot ETF inflows and a short squeeze that cost one trader $1.94 million. The rally, Bitcoin's highest level since January, marks an institutional re-engagement with a $6.38 billion hole still to fill.

The S&P 500 closed at a fresh all-time high of 7,209.01, buoyed by strong earnings from Apple and Alphabet. Meta Platforms dropped 8.6% on capex concerns, while oil prices fell amid Iran negotiations.

OPEC+ will raise output by 188,000 bpd in June, but the Strait of Hormuz closure keeps Brent near $108, up 78% in 2026. J.P. Morgan warns of $150 if disruption persists.

Meta acquired Assured Robot Intelligence (ARI) for an undisclosed sum, adding its co-founders to the Superintelligence Labs. The deal signals Meta's bet on humanoid robots, with market projections ranging from $38B to $5T by 2050.

Google granted the Pentagon access to its Gemini AI for classified networks despite 950 employees signing an open letter opposing military use. The deal allows all lawful uses, with non-binding limits on mass surveillance and autonomous weapons.

The Federal Reserve kept interest rates steady at 3.5%-3.75% with an 8-4 vote, the most dissents since 1992. Kevin Warsh is expected to become the next Fed chair as Jerome Powell remains a governor.

Cerebras plans to sell 28 million shares at $115-$125 each, aiming for a $26.6 billion valuation. The AI chipmaker's deep ties to OpenAI include a $20 billion compute deal.

Bitmine (BMNR) now holds 5.18 million ETH, or 4.29% of supply, after a $238 million purchase. Chairman Tom Lee cites regulatory progress and staking revenue of $297 million annually as signs of a 'crypto spring.'

Binance launched Withdraw Protection, a user-controlled lock lasting 1-7 days, to counter a 75% rise in physical coercion attacks in 2025. The feature is a policy lock, not cryptographic, and can be overridden by law enforcement.