Google unveiled Gemini Spark, a 24/7 personal AI agent that runs on dedicated cloud VMs and can manage your email, calendar, Drive, and third-party apps even when your laptop is closed. Alongside Spark, Google announced Gemini 3.5 Flash (outperforming 3.1 Pro on coding and agentic benchmarks), Gemini Omni for video generation, and a reimagined AI-powered Search box with persistent "information agents" that monitor the web on your behalf. This is the most sweeping set of AI product launches from any single company this year.
President Trump is expected to sign an executive order as soon as today establishing a voluntary framework for government review of frontier AI models before public release — described by advisor Kevin Hassett as "like an FDA drug" review. AI companies including OpenAI, Anthropic, Microsoft, Google, and xAI have been briefed; the review window is still debated between 14 and 90 days pre-launch.
Anthropic signed a blockbuster deal to lease xAI's entire Colossus 1 data center in Memphis — over 220,000 Nvidia GPUs and 300+ megawatts — at $1.25B/month through May 2029, potentially worth $40B+ total. The deal emerged via SpaceX's S-1 filing; Colossus 1 had been running at just 11% utilization since xAI shifted training to Colossus 2. Anthropic says the added capacity supports higher Claude Code and API rate limits.
Fresh off the largest tech IPO of 2026 ($95B market cap), Cerebras announced it is serving Moonshot AI's trillion-parameter open-weight model Kimi K2.6 at 981 tokens/second for enterprise customers — 6.7x faster than the next-fastest GPU cloud and 23x faster than the median. A standard agentic coding request that takes 164 seconds on the official Kimi endpoint completes in 5.6 seconds on Cerebras.
The UK's AI Security Institute confirmed that OpenAI's GPT-5.5 is the second model to complete "The Last Ones," a 32-step simulated corporate network penetration spanning four subnets and 20 hosts — succeeding in 2 of 10 attempts. Anthropic's Claude Mythos Preview was first, completing it in 3 of 10 tries. AISI says the capabilities are a byproduct of broader gains in autonomy and reasoning, not cyber-specific training.
Andreessen Horowitz led a $250M round for Exa Labs, tripling the startup's valuation from $700M last fall. Exa's API serves 5,000+ companies including Cursor, Cognition, and HubSpot with AI-optimized web search. The round lands amid a broader AI search boom — Parallel Web Systems also raised $100M at $2B led by Sequoia.
OpenAI launched its self-serve Ads Manager in beta on May 5, dropping the $50K minimum spend from its pilot and adding CPC bidding alongside CPM. Ads appear to Free and Go tier users in the US, Canada, Australia, and New Zealand, with UK, Mexico, Brazil, Japan, and South Korea expansion coming soon. OpenAI is targeting $2.5B in ad revenue this year and $100B annually by 2030.
Meta started executing its planned 10% workforce reduction on May 20, cutting roughly 8,000 roles and canceling 6,000 open reqs (14,000 positions total). Another 7,000 workers are being reassigned to new AI-focused teams under Chief AI Officer Alexandr Wang's Superintelligence Labs. The company is spending $115–135B on AI infrastructure this year, with further cuts expected in H2.
Intuit announced it is laying off 3,000 employees (17% of staff) to simplify its corporate structure and redirect resources toward AI. CEO Sasan Goodarzi told CNBC the cuts were about "effectiveness, not AI," but the company simultaneously announced plans to accelerate AI integration across TurboTax, QuickBooks, and Credit Karma. The restructuring will trigger $300–340M in charges; shares dropped 17% after hours.
Nvidia reported Q1 fiscal 2027 revenue of $81.6B (up 85% YoY), with data center revenue hitting $75.2B (up 92% YoY) driven by Blackwell 300 GPU ramp and networking demand. The company announced an $80B share buyback. Despite the beat, shares slipped as forward guidance disappointed some analysts expecting even more aggressive growth.
