K Wave Media redirected its $485M Anson Funds commitment from a Bitcoin treasury strategy toward AI infrastructure — data centers, compute, and critical AI technologies. The company also plans to divest its K-Pop subsidiary and rebrand to 'Talivar Technologies.' Stock fell 25%.
AI chip maker Cerebras filed to sell 28 million shares at $115–$125, targeting a $26.6B valuation and $3.5B raise on Nasdaq. OpenAI holds warrants for 33M+ shares via a $1B loan; Sam Altman, Greg Brockman, and Ilya Sutskever are listed as angel investors.
Anthropic launched a $1.5B JV with Goldman Sachs, Blackstone, and Hellman & Friedman to embed AI inside PE-backed companies. OpenAI announced The Development Company, a $10B JV raising $4B from 19 investors including TPG, Brookfield, and Bain Capital.
Bret Taylor's Sierra raised a $950M Series E led by Tiger Global and Google Ventures, pushing valuation to $15.8B and total capital raised past $1B. Sierra hit $150M ARR in February and counts one in three of the world's largest banks as customers.
Haun Ventures has closed a $1 billion fund split evenly between early and later-stage vehicles, targeting next-gen financial infrastructure, tokenized assets, and the emerging agentic economy where AI systems transact on behalf of humans.
The Academy of Motion Picture Arts and Sciences announced on May 2 that AI-generated performances and AI-written screenplays are ineligible for Academy Award consideration, effective for the 99th Awards. Human performers must be 'demonstrably' credited and consenting; scripts must be human-authored.
OpenClaw (323k+ GitHub stars) turned the $599 Mac mini into the default local-AI workstation — and Apple cannot build them fast enough. Tim Cook Q2 2026: Mac revenue $8.4B, up 6% YoY. Supply constraints may last several months.
Mistral AI released Medium 3.5 — a 128B-parameter dense model with 256k context under a Modified MIT license, scoring 77.6% on SWE-Bench Verified. Pricing of $1.50 per million input tokens and $7.50 per million output tokens is multiples above Chinese rivals on the same benchmarks.
Google began Gemini rollout in cars on April 28–30. GM is upgrading roughly 4 million MY2022+ Cadillac, Chevrolet, Buick and GMC vehicles via OTA, and Polestar swapped Google Assistant for Gemini Live in U.S. cabins — the largest in-car AI deployment to date.
Walrus launched MemWal, an SDK giving AI agents encrypted, verifiable, portable memory on its decentralized network. OpenClaw and NemoClaw integrations ship the same week, targeting an addressable market analysts size at roughly $70B.
Tether-backed Oobit launched Agent Cards — virtual Visa cards funded from a USDT treasury and issued per AI agent. Spend policies are server-enforced, every transaction logged in real time. KYB-verified onboarding rolls out through Q2 2026.
Elon Musk told a California federal court it was "partly" true xAI used distillation on OpenAI models to train Grok. He framed the practice as a "general" industry approach — the rare public admission lands mid-trial in his lawsuit against OpenAI and Altman.