May 11, 2026
Author

Daniel Levi

Daniel is a writer and editor for Tech Startups. Daniel has been involved in technology and gaming for over two decades. He has previous experience in software development and loves writing about emerging technologies, cybersecurity, and cryptocurrency. Daniel also enjoys hiking and camping.


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General Motors lays off hundreds of tech workers amid AI push and software overhaul
Daniel Levi Posted On May 11, 2026


General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker restructures parts of its software business and sharpens its focus on AI initiatives. For years, legacy automakers warned that the future of the […]


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AI chip startup Cerebras seeks up to $4.8 billion in upsized U.S. IPO
Daniel Levi Posted On May 11, 2026


Artificial intelligence infrastructure startup Cerebras Systems is heading into one of the year’s biggest tech IPOs, with fresh momentum from Wall Street and growing demand for AI computing. The company raised the expected price range for its initial public offering […]


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Ciridae raises $20M from Accel and Andreessen Horowitz to bring AI to industrial and mid-market companies
Daniel Levi Posted On May 11, 2026


The AI boom has created a strange divide in corporate America. Big companies are pouring billions into AI projects, hiring armies of engineers, and locking in deals with OpenAI, Anthropic, and Google. Meanwhile, thousands of industrial and mid-market businesses are […]


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Circle raises $222M for Arc blockchain at $3B valuation backed by BlackRock, Apollo, and Andreessen Horowitz
Daniel Levi Posted On May 11, 2026


Circle Internet Group has raised $222 million in a presale of Arc, the native token tied to its new blockchain network, giving the project a fully diluted valuation of $3 billion, according to a CNBC report. The move shows how […]


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Anthropic’s Claude Mythos exposed a terrifying new cybersecurity reality: AI can now find vulnerabilities faster than humans can fix them
Daniel Levi Posted On May 8, 2026


For years, cybersecurity experts worried about the moment artificial intelligence would tilt the balance between attackers and defenders. That moment may have already arrived. Anthropic’s new AI model, Claude Mythos, triggered alarm across banks, regulators, tech companies, and government agencies […]


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Cloudflare lays off 1,100 workers as Anthropic’s Mythos AI shakes cybersecurity industry
Daniel Levi Posted On May 8, 2026


Cloudflare just delivered one of the clearest signs yet that the AI boom is starting to reshape the cybersecurity workforce itself. The cloud and cybersecurity company said Thursday it is cutting more than 1,100 employees, roughly 20% of its workforce, […]


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Anthropic eyes $1 trillion valuation in new funding round as revenue surges, FT reports
Daniel Levi Posted On May 8, 2026


Anthropic is weighing a massive fundraising round that could push its valuation close to $1 trillion, according to a report from the Financial Times. The number would have sounded unrealistic even a year ago for the San Francisco startup behind […]


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Quantum Motion raises $160M to build cheaper quantum computers using silicon chips
Daniel Levi Posted On May 7, 2026


Most quantum computing companies rely on exotic, expensive, and difficult-to-scale hardware approaches, including superconducting systems used by IBM and Google, trapped ions, neutral atoms, lasers, and ultra-cold environments. Quantum Motion is taking a very different path. The London-based quantum startup […]


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Lambda raises $1B to expand gigawatt-scale AI factories for the superintelligence race
Daniel Levi Posted On May 7, 2026


The AI infrastructure boom is creating a new class of winners, and Lambda is now raising billions to scale its lead. The AI cloud startup said Thursday it secured a $1 billion syndicated senior secured credit facility to scale its fleet […]


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Lunar Outpost raises $30M to fast-track moon rover for NASA Artemis missions
Daniel Levi Posted On May 7, 2026


The race to build NASA’s next moon rover just picked up speed, and investors are pouring money into the effort.  Colorado space startup Lunar Outpost has raised $30 million in a new funding round to accelerate development of Pegasus, a […]


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Genesis AI unveils robot brain and human-like hand to reshape industrial automation in Europe
Daniel Levi Posted On May 6, 2026


Genesis AI is making an ambitious play to bring human-like dexterity to machines, starting with both the brain and the hand. The French robotics startup, backed by former Google CEO Eric Schmidt and telecom billionaire Xavier Niel, on Wednesday introduced a […]


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Tessera Labs raises $60M led by Andreessen Horowitz to transform ERP systems with AI
Daniel Levi Posted On May 6, 2026


Enterprise software has a reputation for moving at a glacial pace. Multi-year ERP projects, ballooning budgets, and missed timelines have long been accepted as the cost of doing business. Tessera Labs is making a direct bet that this model is […]


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ReFiBuy raises $13.6M to help e-commerce brands surface in AI-driven shopping
Daniel Levi Posted On May 6, 2026


A quiet shift is underway in online retail. Fewer shoppers are starting their journey on traditional search pages. More are turning to AI assistants that recommend what to buy, compare options, and increasingly make decisions on their behalf. That shift […]


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Samsung crosses $1 trillion valuation as AI memory boom drives historic stock surge
Daniel Levi Posted On May 6, 2026


The AI boom is no longer just lifting a handful of chip stocks. It’s starting to reshape the entire semiconductor pecking order, and Samsung Electronics is suddenly back at the center of it. Shares of Samsung surged more than 15% […]


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The Emergence of Software Agent Toll Gates
Daniel Levi Posted On May 5, 2026


In February 2026, Anthropic released a set of plugins for its Claude Cowork AI agent, setting off what the market quickly dubbed the “SaaSpocalypse.” Within days, nearly $285 billion in software market value was wiped out as investors reacted to […]


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Coinbase lays off 700 employees, or 14% of its workforce, citing AI shift and crypto market weakness
Daniel Levi Posted On May 5, 2026


Coinbase is laying off about 700 employees, roughly 14% of its workforce, as the company reshapes itself around AI and braces for a softer crypto market. CEO Brian Armstrong framed the move as a reset, meant to make the company […]


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Crypto exchange Bullish to acquire Equiniti in $4.2B deal to bridge crypto and traditional markets
Daniel Levi Posted On May 5, 2026


Crypto is trying to break into Wall Street. This time, it’s coming with paperwork. Bullish said Tuesday it will acquire Equiniti in a $4.2 billion deal, giving the exchange something the industry has long lacked: a regulated transfer agent that already […]


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Peter Thiel-backed Panthalassa raises $140M to build wave-powered floating AI data centers
Daniel Levi Posted On May 5, 2026


The race to build bigger AI models is running into a hard limit: power. A single training run can burn through as much electricity as thousands of homes, and new data centers are getting stuck in years-long queues for grid […]


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Anthropic teams up with Goldman Sachs and Blackstone on $1.5B AI venture to deploy Claude across private equity–owned firms
Daniel Levi Posted On May 5, 2026


Wall Street is stepping deeper into AI, and this time it’s not just about funding models. It’s about putting them to work inside real businesses. Anthropic said Monday it is teaming up with Goldman Sachs and Blackstone to launch a […]


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Kresus partners with Canton Network to accelerate institutional blockchain adoption
Daniel Levi Posted On May 4, 2026


Kresus, a blockchain infrastructure company and implementation partner for the Canton Network, today announced a collaboration to help enterprises and organizations across industries design, build, and deploy blockchain applications in production, guiding them through every stage of the journey, from […]


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