Cerebras cranks up its IPO price — and Wall Street can’t get enough

The Nvidia challenger raised its IPO price range to $150-$160/share (up from $115-$125) and increased the offering to 30 million shares, targeting up to $4.8 billion in proceeds. The deal is more than 20x oversubscribed ahead of its May 14 Nasdaq debut under ticker CBRS, which would value the company at up to $48.8 billion. The frenzy is driven by Cerebras’ $20B+ OpenAI partnership and a wafer-scale chip architecture that claims 15x faster inference than GPU clusters.

Sources: CNBC, Benzinga, Motley Fool

Google says it blocked a hacker group from using AI in a mass exploitation attack

Google disclosed it thwarted a criminal threat actor’s plan to weaponize AI — including a tool called OpenClaw — to exploit software vulnerabilities at scale. The company said its Gemini model was not used in the scheme. The incident underscores rising concerns about AI-enabled cyberattacks, just weeks after Anthropic delayed its Mythos model rollout over fears that adversaries could use it to target decades-old software flaws.

Source: CNBC

Google teases deeper Gemini integration ahead of Android Show and I/O

Google is hosting “The Android Show: I/O Edition” today, previewing tighter Gemini integration across Android — from contextual on-screen awareness to cross-device assistance spanning wearables, cars, and XR. The company is also expected to showcase AI-powered smart glasses developed with Warby Parker and Gentle Monster. Full I/O 2026 follows May 19-20.

Source: Business Standard

Alphabet soars 160% in a year on “owning most of the AI stack”

Google parent Alphabet has become one of the best-performing mega-cap stocks, with analysts citing its ownership of chips, models, infrastructure, and distribution. JPMorgan named it a top pick after a standout quarter that saw Google Cloud’s backlog nearly double to $462 billion. Mizuho estimates roughly $61 billion of that backlog could come from its custom TPU chips alone through 2027.

Source: CNBC

Elon vs. OpenAI trial enters week three — Satya Nadella takes the stand

Microsoft CEO Satya Nadella testified Monday about Microsoft’s relationship with OpenAI, noting he was never given clarity on why Sam Altman was fired in 2023. Former OpenAI chief scientist Ilya Sutskever also testified, claiming he gathered evidence of Altman’s consistent pattern of dishonesty. The trial, which could reshape OpenAI’s structure and its planned trillion-dollar IPO, continues this week.

Source: Yahoo Finance

Big Tech agrees to give U.S. government early access to AI models

Google, Microsoft, and xAI joined OpenAI and Anthropic in allowing pre-release reviews of their AI systems by the Commerce Department’s Center for AI Standards and Innovation. The agreements align with President Trump’s AI Action Plan. Separately, Anthropic — which had been excluded from a Pentagon AI deal over safety guardrails disputes — has reopened White House discussions following recent technology announcements.

Sources: Bloomberg via Claims Journal, CNN

C-suite reshuffles as AI redefines the boardroom

A new McKinsey report describes AI as driving one of the largest organizational shifts in modern history. Companies are increasingly creating Chief AI Officer (CAIO) roles, with 93% of respondents in a 2026 leadership survey citing cultural — not technological — hurdles as the main barrier to AI adoption. HR departments are at a crossroads: become more strategic or risk being automated away.

Source: CNBC