Techmeme
May 11, 2026, 9:05 AM

Top News

Berber Jin / Wall Street Journal:
Sources: OpenAI facilitated a $6.6B secondary share sale in October 2025 for 600+ current and ex-employees; over 75 people cashed out the maximum cap of $30M  —  Employees waited two years to sell their shares.  Then, the company let them unload $30 million.
Tanaya Macheel / CNBC:
Circle raised $222M via the presale of its native Arc token at a $3B valuation; a16z led with a $75M investment, with participation from BlackRock and others  —  Circle Internet Group has raised $222 million in the presale of Arc, the native token of its new blockchain …
Jez Corden / Windows Central:
Microsoft's Playground Games accidentally uploads unencrypted pre-load files for Forza Horizon 6 to Steam, leaking the PC version before its release next week  —  It's a potentially multi-million dollar error.  Playground Games uploaded fresh pre-load files to Steam, albeit without encryption.
Carmen Reinicke / Bloomberg:
SEC filing: Cerebras upsizes its IPO to 30M shares at $150-$160 each, up from 28M shares at $115-$125, aiming to raise up to $4.8B at an up to $34.4B valuation  —  Cerebras Systems Inc. increased the size of its initial public offering, now seeking to raise as much as $4.8 billion …
Gene Maddaus / Variety:
Dua Lipa files a $15M lawsuit against Samsung, alleging that it used her likeness to sell TVs without paying her and without permission starting in 2025  —  Dua Lipa has filed a $15 million lawsuit against Samsung, alleging that the electronics manufacturer used her likeness to sell TVs without paying her and without permission.
Himanshu Anand:
The 90-day vulnerability disclosure policy is dead, as LLMs compress bug finding and exploit development time, and critical issues must be patched immediately  —  Table of Contents  — story 2: 30 minutes from patch to exploit  — what the industry needs to do (and I am not sugarcoating this)
CNBC:
Nvidia embraces its role as an AI investor in 2026, committing $40B+ to equity investments including a $30B stake in OpenAI, $3.2B in Corning, and $2.1B in IREN  —  Nvidia stepped on the gas last year, putting cash into companies up and down the AI infrastructure stack and helping …
Sam Tobin / Reuters:
In a two-week UK High Court trial, Shein accuses Temu of “industrial scale” copyright infringement of its photos; Temu says Shein is suing to stifle competition  —  Online fast-fashion platform Shein accused Temu of copyright infringement “on an industrial scale” …
More: Bloomberg
Bloomberg:
Sources: Masayoshi Son has held talks with French President Emmanuel Macron about unveiling a multibillion-dollar AI data center project in the coming weeks  —  SoftBank Group Corp. founder Masayoshi Son has held talks about unveiling an ambitious French AI data center project …
The Information:
Sources: Kuaishou plans to spin off its Kling AI video unit for an IPO in 2027 and is seeking a $20B valuation in pre-IPO funding talks with potential investors  —  Chinese social media giant Kuaishou Technology is planning to spin off its Kling AI video business ahead of an initial public offering next year …
Inti Landauro / Reuters:
The European Commission says it is in ongoing discussions with OpenAI and Anthropic to access their latest AI models; OpenAI is “proactively offering” access  —  The European Commission is in ongoing discussions with U.S. artificial intelligence giants OpenAI and Anthropic, a spokesperson said on Monday.

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Earlier Picks

Sarah Kessler / New York Times:
Bloomberg:
Mark Gurman / Bloomberg: