Lerrel Pinto co-founded Fauna Robotics, a startup that built an approachable bipedal robot called Sprout. He left in 2025. Amazon acquired Fauna in March, along with its 50 employees and its $50,000, three-and-a-half-foot-tall dancing humanoid, to ente…
The Turnberry Agreement was supposed to be the floor. Signed at Donald Trump’s golf resort in Scotland last July, the deal between the United States and the European Union set a 15 per cent tariff ceiling on nearly all EU goods entering America, includ…
Mark Zuckerberg’s earnings call on Wednesday was about AI. It was about the $125 billion to $145 billion Meta plans to spend on capital expenditure in 2026. It was about Llama models and recommendation engines and the advertising systems that generate …
Nebius Group, the Dutch cloud computing company that split from Russian internet provider Yandex in 2024, has agreed to acquire Eigen AI for approximately $643 million in stock and cash. The deal, announced on 1 May, is for a 20-person startup founded …
The Pentagon announced on 1 May that it has signed agreements with Nvidia, Microsoft, Amazon Web Services, and Reflection AI for expanded use of advanced artificial intelligence on classified military networks. The deals bring the total number of compa…
Founders Fund, the venture capital firm co-founded by Peter Thiel, closed a $6 billion growth fund on 1 May, its largest ever and its fourth dedicated late-stage vehicle. The majority of the capital, $4.5 billion, came from limited partners including s…
The social platform beat Wall Street estimates across every line, raised Q2 guidance above consensus, and reported $1m in capital expenditure, a striking contrast to the hyperscaler capex arms race. Reddit reported first-quarter 2026 revenue of $663 mi…
The United States government now owes more than the country produces. Data released by the Bureau of Economic Analysis on 30 April showed that debt held by the public stood at $31.27 trillion at the end of March, while nominal GDP over the preceding 12…
At a Thursday town hall, the Meta CEO made the explicit trade-off he had previously left implicit: ‘We basically have two major cost centres in the company: compute infrastructure and people-oriented things.’ The chief people officer also declined to r…
The Norway-founded company’s vertically integrated NEO factory in Hayward marks the first US-scale push to put a general-purpose humanoid robot into private homes, with shipments planned this year and a competitive field that is already crowded 1X Tech…