Techmeme
May 20, 2026, 6:35 PM

Top News

Bloomberg:
SpaceX files publicly for its IPO, choosing Nasdaq to make its debut under the symbol SPCX  —  SpaceX Files for IPO on Nasdaq Under SPCX Symbol  —  Video Player is loading.  —  Unmute  —  Current Time 0:01 Loaded: 26.69% Playback Rate  — captions off, selected  — English
Wall Street Journal:
Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plans to be ready to go public as early as September  —  The artificial-intelligence giant is working with bankers at Goldman Sachs and Morgan Stanley  —  ChatGPT-maker OpenAI has been working …
Nvidia Newsroom:
Nvidia reports Q1 revenue up 85% YoY to $81.6B, Data Center revenue up 92% to $75.2B, and announces an $80B additional share repurchase authorization  —  - Record revenue of $81.6 billion, up 85% from a year ago  — Record Data Center revenue of $75.2 billion, up 92% from a year ago
Sergiu Gatlan / BleepingComputer:
GitHub confirms ~3,800 internal repositories were breached after one of its employees installed a malicious VS Code extension; TeamPCP claims responsibility  —  GitHub has confirmed that roughly 3,800 internal repositories were breached after one of its employees installed a malicious VS Code extension.
Reuters:
Internal memo: Intuit is laying off ~17% of its workforce, or ~3,000 employees worldwide, to streamline operations and sharpen its focus on key bets, like AI  —  Intuit (INTU.O) is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus …
OpenAI:
OpenAI says an internal general-purpose reasoning model has disproved the Erdős unit distance conjecture, a central problem in discrete geometry posed in 1946  —  Read the proof(opens in a new window)Read the companion remarks(opens in a new window)  —  Loading...
Katie Paul / Reuters:
Internal memo: Mark Zuckerberg told employees that he does not expect more company-wide layoffs this year  —  Meta (META.O) CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of the memo seen by Reuters.
Tom Warren / The Verge:
Internal memo: Xbox hires game industry analyst Matthew Ball as chief strategy officer, and names Scott Van Vliet, who led Azure AI infrastructure, as Xbox CTO  —  The second major Xbox leadership changes this month. … Microsoft has recruited game industry analyst Matthew Ball as Xbox chief strategy officer.
Reuters:
Samsung Electronics and its South Korean labor union reach a preliminary pay deal; the union says it has suspended a general strike and put the deal to a vote  —  Samsung Electronics (005930.KS) and its South Korean labour union reached a preliminary pay deal on Wednesday …
Jacob Passy / Wall Street Journal:
Airbnb says it is adding luggage storage, airport pickups, car rentals, grocery delivery, and thousands of boutique and independent hotels to its platform  —  Platform ramps up hotel-booking options, car rentals and AI-enabled features, expecting World Cup to drive record use
The Guardian:
Granta and the Commonwealth Foundation say they can't determine yet if AI was used to write a prize-winning short story after critics pointed to signs of AI use  —  Granta publisher says ‘perhaps we never will know’ true authorship of work that won Commonwealth prize
Todd Bishop / GeekWire:
S. “Soma” Somasegar, who led Microsoft's Developer Division for 12 years as part of his 27-year tenure at the company before leaving in 2015, has died at age 59  —  S.  “Soma” Somasegar, a fixture in the Seattle tech community who led Microsoft's Developer Division as part …
Luz Ding / Bloomberg:
Alibaba's chipmaking unit T-Head unveils the Zhenwu M890 for AI training and inference, saying it is well-suited for agentic tasks, and plans annual upgrades  —  Alibaba Group Holding Ltd. added a new processor to its expanding AI technology stack, enhancing a push to cover every aspect of artificial intelligence development.
The Register:
Cloud provider Railway says Google Cloud suspended its account without cause, resulting in an outage; in 2024, GCP deleted an Australian pension fund's account  —  PaaS platform Railway says Google temporarily suspended its account on Wednesday without cause, inducing a major outage.
Jemima McEvoy / The Information:
Sam Altman says OpenAI offered to invest $2M in tokens in each startup in the current YC batch; a source says the offer is in exchange for equity via a SAFE  —  OpenAI cofounder and CEO Sam Altman late Tuesday offered to invest $2 million in every startup currently in the Y Combinator startup …
Hugh Son / CNBC:
Mercury, which provides banking services to startups, raised a $200M Series D led by TCV at a $5.2B valuation, up from $3.5B in March 2025  —  Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively.
Ryan Christoffel / 9to5Mac:
Apple says the App Store prevented over $2.2B in potentially fraudulent transactions in 2025, rejected over 2M problematic app submissions, and more  —  Ahead of Apple's annual developer conference next month, Apple has shared an update on how the App Store serves users and developers alike with numerous protections.
Nan Ransohoff / Nan's Substack:
An analysis based on OpenAI's and Anthropic's current valuations suggests ~$370B of philanthropic assets tied to the two AI companies could soon become liquid  —  AI is about to generate hundreds of billions in new philanthropic funding.  We have a huge amount of work to do to make the most of it.
Mariella Moon / Engadget:
Kickstarter retracts its stricter rules on mature content after creator backlash, and says it adopted the tougher rules because of its payment processor Stripe  —  It explained that it created the new rules due to Stripe's policy.  —  Kickstarter has retracted the new set of rules around mature content …
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