Techmeme
May 19, 2026, 7:50 AM

Top News

CNBC:
Musk v. Altman: the jury unanimously rejects Elon Musk's claims against OpenAI and Sam Altman, as he filed them outside of a three-year statute of limitations  —  After less than two hours of deliberations, a jury on Monday rejected Elon Musk's claims against OpenAI CEO Sam Altman …
More: Wired, NBC News, TechCrunch, The Verge, Reuters, Reuters, Bloomberg, MarketWatch, Wall Street Journal, Washington Post, New York Times, Business Insider, NPR, Associated Press, diginomica, CNN, DigiTimes, Daily Sabah, Tech Times, Silicon UK, Forbes, Reality Tea, Implicator.ai, The Gateway Pundit, TheNeuron, Business Insider, Platformer, GeekWire, Mediaweek, eWeek, CNET, Türkiye Today, The Hill, New York Sun, San Francisco Examiner, DataBreachToday.com, BBC, The Daily Caller, CoinGape, Fast Company, Techstrong.ai, Proactive, The San Francisco Standard, Tom's Hardware, PC Gamer, Yahoo Finance, The Guardian, New York Magazine, Axios, Rolling Stone, Capital Brief, Barron's Online, Fortune, Deadline, Benzinga, Entrepreneur, Times of India, Thurrott, Agence France-Presse, Implicator.ai, Variety, and Financial Times
Elon Musk / @elonmusk:
Musk v. Altman: Elon Musk says the judge and jury “never actually ruled on the merits of the case, just on a calendar technicality” and he will file an appeal  —  Regarding the OpenAI case, the judge & jury never actually ruled on the merits of the case, just on a calendar technicality. There is no question to anyone following the case in detail that Altman & Brockman did in fact enrich themselves by stealing a charity. The only question
New York Times:
OpenAI's win against Elon Musk leaves it free to continue its IPO plans, but it still faces many issues, like rising competition and dozens of other lawsuits  —  A jury's rejection of Elon Musk's $150 billion lawsuit against OpenAI was a major hurdle crossed.  But the maker of ChatGPT faces a list of other problems.
Eli Tan / New York Times:
Internal memo: Meta is reassigning 7,000 workers to four new units focused on building AI tools, as it prepares to lay off 10% of its workforce on May 20  —  The company announced the changes two days before it plans to lay off 10 percent of its work force, or about 8,000 employees.
Wall Street Journal:
Blackstone announces a JV with Google to create a US company that will offer customers access to Google's TPUs, and makes a $5B initial equity commitment  —  Investment firm to put $5 billion toward venture using Google's chips  —  Alphabet's Google and Blackstone plan to create …
Jason Schreier / @jasonschreier.bsky.social:
In a town hall, PlayStation studio business CEO Hermen Hulst told staff that the company's narrative single-player games will now be PlayStation exclusive  —  SCOOP: PlayStation studio business CEO Hermen Hulst told staff in a town hall Monday morning that the company's narrative single-player games …
Jay Peters / The Verge:
Grant Bourzikas / Cloudflare:
Benedict Evans:
An overview of macro tech trends: capex explosion, unprecedented surge in chip demand, supply chain bottlenecks, model commoditization, AI automation, and more  —  Twice a year, I produce a big presentation exploring macro and strategic trends in the tech industry.  —  New in May 2026, ‘AI eats the world’.
Brian Krebs / Krebs on Security:
A CISA contractor maintained a now-offline GitHub repo that exposed credentials to AWS GovCloud accounts and CISA systems; CISA is investigating the situation  —  Until this past weekend, a contractor for the Cybersecurity & Infrastructure Security Agency (CISA) maintained a public GitHub repository …
Kirsten Korosec / TechCrunch:
Anthropic acquires NYC-based Stainless, which generates SDKs from APIs, and plans to wind down its hosted products, after reportedly discussing a $300M+ deal  —  Anthropic announced Monday it has acquired Stainless, a startup founded by former Stripe engineer Alex Rattray whose software …
Krysta Escobar / CNBC:
Modular data center maker Armada raised a $230M Series B co-led by Overmatch, 8090 Industries, and BlackRock at a $2B valuation, and plans a new Arizona factory  —  Armada, which builds modular data centers that are becoming increasingly popular with customers in defense, energy and the military sector …
More: FinSMEs and Ventureburn
Arjun Neil Alim / Financial Times:
Standard Chartered plans to cut nearly 8,000 back-office positions by 2030, a 15%+ reduction in support functions in hubs like Bengaluru, amid growing AI usage  —  Bill Winters says new strategy focuses on replacing ‘lower-value human capital’ in drive for ‘sustainable growth’
Bloomberg:
CertiK: physical attacks on crypto holders rose 75% YoY to 72 confirmed cases and $41M in known losses in 2025; Coinbase spent ~$7.6M to protect Brian Armstrong  —  After a year of kidnappings, assaults and armed home invasions targeting cryptocurrency holders, the industry is racing to harden its defenses.
Cursor:
Cursor releases Composer 2.5, built on Kimi K2.5, and says it is better at sustained work on long-running tasks and follows complex instructions more reliably  —  Composer 2.5 is now available in Cursor.  —  It's a substantial improvement in intelligence and behavior over Composer 2.
Mark Maurer / Wall Street Journal:
KPMG partners with Anthropic to embed Claude into its tax and advisory platforms; KPMG's tax and legal services unit saw revenue grow ~8% YoY to $9.3B in 2025  —  The Big Four firm will embed Claude on a platform that will house the majority of its nonaudit services

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Featured Podcasts

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