AI News Archive: May 14, 2026 — Part 15
Sourced from 500+ daily AI sources, scored by relevance.
- Cerebras pops 68% in Nasdaq debut, pushing the AI chipmaker's market cap to $95 billion
Cerebras is taking advantage of a bull market for silicon, as the chipmaker becomes one of the most notable pureplay AI IPOs to date.
- Cerebras is the hot new AI chipmaker. Here's Jim Cramer's advice on the stock
CNBC's Jim Cramer said Cerebras has a compelling AI story and promising technology, but warned the chipmaker’s valuation has become difficult to justify.
- Cerebras IPO mints two billionaires, sets stage for potential AI wave
Cerebras closed its first day of trading with a market cap close to $100 billion and turned two co-founders into billionaires in the process.
- Where Cerebras' monster debut puts in among tech's biggest IPOs
Cerebras narrowly missed out on joining Facebook-parent Meta and Alibaba with market cap of over $100 billion on the market close of IPO day.
- Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami
Cerebras raised $5.55 billion in its IPO, and with the chipmaker's offering, investors are gearing up for some even bigger AI deals later this year.
- Cerebras Systems to Raise $5.55 Billion in Year’s Largest U.S. IPO So Far
The company, which is backed by OpenAI’s Sam Altman, priced its upsized offering of 30 million shares at $185.00 a share.
- Cerebras’ blockbuster debut shows the AI infrastructure boom is far from over
Cerebras’ blockbuster debut shows the AI infrastructure boom is far from over Fortune
- Cerebras IPO: Stock price soars on Nasdaq market debut after-already upsized pricing
Update Thursday, 2 p.m. ET Shares of chipmaker Cerebras Systems nearly doubled in their Nasdaq debut on Thursday after already being priced well above their targeted range, a sign that investor demand for AI -related listings is stronger than even many market watchers had anticipated. Priced at $185 a share late Wednesday, the stock opened at $350 and at one point hit $385 early in its first trading session. By midday on Wednesday, the stock was trading at about $306 a share. Cerebras, which makes large semiconductors for commercial AI applications, initially targeted a range of $115 to $125 a share for the much-anticipated debut. The listing is one of many AI-related IPOs expected this year. Others include Claude maker Anthropic and ChatGPT maker OpenAI. Original story: Today is an important day in the 2026 IPO landscape: Cerebras Systems Inc. is making its much-anticipated market debut. While not a household name like Nvidia, Intel, or TSMC, Cerebras is a chipmaker that is rapidly be
- Cisco shares hit record on strong forecast, AI push with job cuts
Cisco shares hit record on strong forecast, AI push with job cuts Reuters
- Cisco's stock pops 15% on surging AI orders, as company says it's cutting almost 4,000 jobs
Cisco's AI story has finally started resonating with Wall Street, with the stock hitting a record late last year and continuing to rally in 2026.
- Cisco posted record revenue on surging AI orders. It's cutting almost 4,000 jobs
The networking giant raised its full-year AI infrastructure order forecast to $9 billion as it shifts investment toward silicon, optics, and security
- Cisco to cut about 4,000 jobs in AI-focused restructuring as orders surge
Cisco announced nearly 4,000 job cuts as part of a strategic restructuring to boost investment in AI and growth areas. The networking giant also raised its annual revenue forecast, driven by a significant surge in hyperscaler orders for AI infrastructure, leading to a substantial stock increase.
- Cisco to Cut Nearly 4,000 Jobs in Q4 Amid AI Shift
The networking company plans workforce cuts while increasing investments in AI, silicon, optics, and security.
- Cisco layoffs hit 4,000 jobs as hyperscaler AI orders near USD 9 billion
Cisco said it will cut nearly 4,000 jobs as part of a restructuring exercise aimed at moving investments toward AI and related growth segments. At the same time, the company raised its annual revenue forecast after seeing a sharp rise in hyperscaler-driven AI infrastructure demand, reported by Reuters . The announcement showed an industry pattern where large technology companies are increasingly reallocating spending toward AI-linked infrastructure businesses while reducing exposure to slower-growth legacy segments. Over the last 18 months, networking, cloud, and semiconductor companies have steadily redirected capital toward AI infrastructure, data-centre expansion, silicon, and automation. What started as experimentation around generative artificial intelligence is now becoming a deeper operational and infrastructure transition. AI spending is changing priorities Cisco said it has secured USD 5.3 billion in AI infrastructure orders from hyperscalers so far this fiscal year. The compa
- Cisco to reduce workforce by 4,000, prioritises AI and security
Cisco to reduce workforce by 4,000, prioritises AI and security verdict.co.uk
- Cisco to cut thousands of jobs as AI push accelerates after earnings beat
Cisco reported record revenue and surging AI demand while announcing job cuts affecting thousands as it repositions for an AI-driven future.
- Cisco layoffs today: Tech giant slashes thousands of jobs as CEO touts record revenue and urgent focus on AI
On Wednesday, Cisco Systems announced impressive quarterly earnings alongside nearly 4,000 job cuts. The dichotomy stemmed from the hardware and networking company’s embrace of a rapidly growing trend in tech: openly admitting that layoffs are due to AI adoption rather than poor performance. “The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest,” Cisco CEO Chuck Robbins told employees in a publicly shared email . “I’m confident Cisco will be one of those winners. This means making hard decisions—about where we invest, how we’re organized, and how our cost structure reflects the opportunity in front of us.” With his announcement, Robbins follows in the footsteps of tech leaders including Block CEO Jack Dorsey and Snap CEO Evan Spiegel , who made similar moves this year. Robbins emphasized that the company will further invest in employees’ A
- Applied Materials sees quarterly revenue above estimates on sustained AI spending
Applied Materials sees quarterly revenue above estimates on sustained AI spending Reuters
- Cisco to cut nearly 4,000 jobs despite strong growth in AI, enterprise networking
Despite reporting positive financial news — including record third-quarter revenue of $15.8 billion, a 12% year-over-year increase — Cisco said it will eliminate almost 4,000 jobs. “We are making changes today that will result in the reduction of our overall workforce in Q4 by fewer than 4,000 jobs, representing less than 5 percent of our total employee base. Most notifications will begin on May 14…” Cisco CEO Chuck Robbins wrote in a blog post about the changes. “While we are reducing roles in some areas, we are making clear, strategic investments – particularly in silicon, optics, security, and in our employees’ use of AI across the company,” Robbins wrote. “These investments are building from a position of strength – and focusing on the technologies and businesses that will accelerate our growth, deliver unmatched innovation to customers and partners, and define our future.” “The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuou
- Cisco reports record revenue, plans to cut fewer than 4,000 jobs in AI shift
Chief Executive Chuck Robbins said the restructuring will shift resources toward silicon, optics and cybersecurity as companies invest in AI infrastructure.
- Cisco reports record revenue, raises AI infrastructure forecast to $9B
Networking orders rose more than 50% as hyperscale cloud operators accelerated investments in AI-ready infrastructure. The company also plans to cut fewer than 4,000 jobs.
- AI training data provider Wirestock raises $23M in funding
Wirestock Inc., a startup that provides multimodal training datasets for artificial intelligence developers, has raised $23 million in funding. TechCrunch reported today that early-stage fund Nava Ventures led the investment. It was joined by SBVP, Formula VC and I2BF Ventures. Wirestock has raised a total of $26 million in external funding to date. Wirestock launched […] The post AI training data provider Wirestock raises $23M in funding appeared first on SiliconANGLE .
- Energy supplier abandons Lake Tahoe residents to serve data centers
Town’s 49,000 California residents compete with Nevada data centers for energy.
- An energy company is cutting power to Lake Tahoe residents to make room for AI data centers
The Nevada utility will stop supplying electricity to the region after May 2027, leaving Liberty Utilities scrambling to find a replacement source
- Sick and wrong: Ontario auditors find doctors' AI note takers routinely blow basic facts
60% of evaluated AI Scribe systems mixed up prescribed drugs in patient notes, auditors say
- Musk, Altman Make Final Pitches to Jury in Battle Over OpenAI
A jury will soon cast a vote and a judge will ultimately decide the outcome of a high-stakes showdown between Elon Musk and Sam Altman over OpenAI, the artificial intelligence startup they founded together more than a decade ago.
- Lawyers Trade Barbs on Credibility of Elon Musk, Sam Altman in OpenAI Trial
The world’s richest man testified that OpenAI allegedly “stole a charity” in its for-profit conversion, while Altman defended the change.
- Elon Musk’s lawyer asked Sam Altman on the stand: Are you trustworthy?
Elon Musk’s lawyer asked Sam Altman on the stand: Are you trustworthy?
- Musk’s xAI unveils first coding agent in bid to rival anthropic
The artificial intelligence model, which is in early testing and only available for paying subscribers, is the startup's initial push into professional coding.
- Musk lawyers accuse OpenAI of deception in close of mega-trial
Attorneys for Elon Musk wrapped up their case against OpenAI on Thursday, asserting in closing arguments that they've proven the AI giant misused the millions of dollars Musk donated and violated their duty to uphold OpenAI's founding ethos. The other side: OpenAI lawyers countered that Musk's $38 million donations in the early days of OpenAI didn't have specific strings attached and that the organization has continued to pursue its mission, albeit with various changes in structure. OpenAI and Microsoft are also claiming that the lawsuit was filed too late and that Musk's own misconduct should prevent him from prevailing. Why it matters: Musk wants CEO Sam Altman ousted as CEO and removed from OpenAI's board, as well as billions of dollars in damages, though he says he would donate any winnings back to OpenAI's nonprofit arm. Driving the news: In his closing argument, lawyer Steven Molo argued that OpenAI violated its nonprofit mission to pursue safe, powerful AI for the world — and th
- High-stakes courtroom drama of Musk v OpenAI hears closing arguments
Nine-person jury to consider whether AI firm bilked world’s richest person and unjustly enriched themselves Closing arguments began on Thursday in Elon Musk ’s lawsuit against Sam Altman and OpenAI , bringing the weeks-long courtroom battle between the two tech moguls nearer to a decision. A nine-person jury is set to deliberate and return a verdict on whether they believe the AI firm and Altman are liable in the case. The trial, which began last month in an Oakland, California, federal courthouse, has gripped Silicon Valley and featured some of the tech industry’s biggest names as witnesses. Attorneys for both sides have presented testimony and documents that have exposed Musk and Altman’s private dealings, as well as provided a window into the contentious history of OpenAI. Continue reading...
- Musk tried to ‘tie OpenAI in knots’ with baseless lawsuit, start-up’s lawyer says
Closing arguments presented in legal battle that could upend AI lab’s plan for an IPO this year
- Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AIs future
Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AI's future
- Lawyers for Elon Musk and OpenAI make their final case in a trial that could shape AI's future
Lawyers for Elon Musk and OpenAI make their final case in a trial that could shape AI's future Toronto Star
- Musk, OpenAI lawyers make closing arguments in landmark trial
Scrutiny of Sam Altman’s leadership comes at a crucial time for OpenAI, Anthropic and Musk’s own xAI
- Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AI’s future
Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AI’s future Chicago Tribune
- Lawyers for Elon Musk and OpenAI make their final case in a trial that could shape AI's future
Lawyers for Elon Musk and OpenAI make their final case in a trial that could shape AI's future San Francisco Chronicle
- Musk v. OpenAI trial goes to jury as closing arguments cap weeks of tech drama
Musk v. OpenAI trial goes to jury as closing arguments cap weeks of tech drama San Francisco Chronicle
- Lawyers for Elon Musk and OpenAI make their final case in a trial that could shape AI’s future
Lawyers for Elon Musk and OpenAI made their final arguments Thursday in the landmark trial whose outcome could shape the future of artificial intelligence.
- Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AI's future
Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AI's future Houston Chronicle
- Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AI's future
Lawyers for Elon Musk and OpenAI began closing arguments Thursday in the landmark trial whose outcome could shape the future of artificial intelligence
- Elon Musk attorney nearly fumbles case during OpenAI trial close with stern warning from judge
On the final day of a high-stakes trial between Elon Musk and OpenAI, a federal judge had a stern warning for Musk's lawyer.
- Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AI’s future
Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AI’s future The Mercury News
- Lawyers for Elon Musk and OpenAI make their final case in a trial that could shape AI’s future
Lawyers for Elon Musk and OpenAI make their final case in a trial that could shape AI’s future The Mercury News
- Figma stock jumps as first-quarter revenue surges 46% on AI monetization traction
Shares of Figma Inc. rose more than 12% in after-hours trading today after the design software company beat earnings and revenue expectations in its fiscal 2026 first quarter and raised its full-year guidance on stronger-than-expected seat expansion and early traction from its artificial intelligence products. For the quarter ended March 31, Figma reported adjusted earnings […] The post Figma stock jumps as first-quarter revenue surges 46% on AI monetization traction appeared first on SiliconANGLE .
- Anthropic and the Gates Foundation are teaming up on a $200 million AI push for global health
The 4-year commitment spans vaccines, disease forecasting, K-12 tutoring, and economic mobility programs in the U.S. and abroad
- TSMC says global chip market to hit $1.5 trillion by 2030 as AI drives growth
TSMC predicts the global chip market will surpass $1.5 trillion by 2030. AI and high-performance computing will lead this growth. The company is expanding its advanced chip production and packaging capacity. New facilities are being built in Arizona, Japan, and Germany to meet future demand.
- TSMC Sees AI Creating a $1.5 Trillion Semiconductor Market by 2030
TSMC Sees AI Creating a $1.5 Trillion Semiconductor Market by 2030 YourStory.com
- Treasury Secretary Bessent: U.S. and China Will Discuss “AI Guardrails”
Treasury Secretary Bessent: U.S. and China Will Discuss “AI Guardrails” The Information
- US judge considers Anthropic's $1.5 billion settlement of authors' lawsuit
US judge considers Anthropic's $1.5 billion settlement of authors' lawsuit