Kraken Cuts 150 Jobs via AI as $20 Billion IPO Hangs in Balance
Kraken's parent Payward cut 150 jobs on May 15, citing AI-driven redundancies. The $20 billion IPO target now looks uncertain, with Bloomberg pointing to 2027.
AI
AI is the driving force behind modern innovation, transforming the way we interact with data and technologies.
60 Posts
First AI-Developed Zero-Day: Google Stops It, but Warns the World
Google GTIG confirmed the first AI-developed zero-day on May 11, 2026: a 2FA bypass exploit in an open-source tool, caught before mass exploitation began.
Nvidia Tops $40B in AI Equity in 2026: Beyond the Chip Business
Nvidia committed over $40B in AI equity in the first five months of 2026, including $30B into OpenAI. Jensen Huang is buying the ecosystem, not just selling…
Coinbase Cuts 660 Jobs: Armstrong Bets Big on AI
Coinbase is cutting 660 jobs, 14% of its workforce. Brian Armstrong cites AI efficiency as the driver, with Q1 revenues expected down 26%.
Manfred: First AI Agent to Found a Company in the USA
ClawBank's AI agent Manfred incorporated as a U.S. LLC on May 1, 2026, securing an IRS EIN and an FDIC-insured bank account autonomously. Autonomous trading…
ITA Airways AI Cuts 22,100 Tonnes of CO2 in 2025-2026
ITA Airways has deployed SITA OptiFlight across its full fleet, cutting over 22,100 tonnes of CO₂ and 7,100 tonnes of fuel in 2025-2026 using real-time AI.
Google Trains 13,000 Italian Students on AI with $2M Grant
Google.org commits $2 million to train at least 13,000 Italian students on AI via NewFutures:AI. Roma Tre, Salerno, and Sassari are the first three…
Musk Testifies Against OpenAI: Three Days, $130 Billion Demanded
Musk testified for three days in Oakland against OpenAI, demanding $130 billion and Altman's removal. His own contradictions made it a difficult stand.
×
