AI
AI
AI
Anthropic cozies up to Elon Musk, IBM makes its case to win in AI, and Cerebras has big IPO plans
Money, and desperation, sure can pave over a lot of ill will. This week’s example: Anthropic signed a mammoth deal with Elon Musk’s SpaceX to use all of the computing capacity of SpaceX’s Colossus data center full of AI chips.
Yes, that Elon Musk, the one who until this week liked to call Anthropic Misanthropic, its Claude model racist and, oh, its logo looks like an anal sphincter. But as much as Anthropic is desperate for more infrastructure for its ridiculous growth, so too is Musk for some income from a massive data center that his own xAI model Grok apparently doesn’t need — because, well, not enough people are using it — so he can take SpaceX public without quite such a big cash burn that might scare off investors. Still, it wouldn’t be surprising to see this marriage of convenience on the rocks at some point.
Anthropic and now OpenAI are doubling down on selling to enterprises, as both this week did joint-venture deals with a raft of private equity firms to create new AI services companies.
They won’t be alone, though, because the empires are striking back: IBM used its annual Think conference to make the case that it has the ingredients to get AI, and agents, past prototypes into widespread use. Meantime, ServiceNow is pitching itself as the control tower for enterprise AI.
Amazon said it will start selling logistics services, in what sounds like a similar gambit to its hugely successful cloud. But Penske Logistics also announced similar services the same day, so it won’t have the field to itself this time.
Despite worries that AI will result in a SaaSpocalypse for software-as-a-service companies, there were some winners this week on the earnings front, including the likes of Datadog and Palantir. Advanced Micro Devices also had a big quarter too. But AI isn’t floating everyone’s boat, as Cloudflare, CoreWeave, Arm and Kyndryl disappointed.
Cerebras has plans for its IPO as big as the AI chips it sells, aiming to raise $3.5 billion at a $27 billion valuation — not least because it’s actually profitable.
There’s another glut of events next week, including Red Hat Summit, Boomi World, SAP Sapphire, VeeamON and SaaStr AI. And a few more bellwether earnings reports will be coming from Cisco, Applied Materials and others.
Here’s all the enterprise and emerging tech news and analysis this week from SiliconANGLE and beyond:
AI and data: Anthropic’s colossal SpaceX deal
Analysis and food for thought
From cloud strategy to architecture strategy: The rise of Hyperscale 3.0: John Furrier charts the next phase of enterprise tech architecture.
When well-behaved agents trigger disaster
The case for strategic illegibility: “Every founder is racing to make their company ‘legible’ to AI,” notes HubSpot co-founder and Sequoia strategic adviser Brian Halligan. “Most might be about to commoditize their own moat.”
The quiet erosion of agency in the age of AI
Vibe coding is gambling, says Nikolay Girchev
New models and services
IBM charts AI operating model to move enterprises beyond experimentation
Dave Vellante’s analysis: Arvind Krishna’s keynote at IBM Think: AI-first enterprises, hybrid as default, quantum moves from science to engineering and Arvind Krishna AMA at IBM Think 2026: Openness, integration and key questions on the IBM AI stack and more on quantum computing: Special Breaking Analysis – Quantum AMA with IBM’s head of research: The path from quantum lab to quantum platform
And Zeus Kerravala’s takeaways from the keynote: Something old, something new, something borrowed, something blue: Thoughts from Arvind Krishna’s keynote at IBM Think
ServiceNow bids to become the control tower for enterprise AI
OpenAI’s new GPT-5.5 Instant makes ChatGPT smarter, with more concise and reliable responses
AWS adds agentic payment features to Amazon Bedrock AgentCore
Anthropic is letting Claude agents ‘dream’ so they don’t sleep on the job
MongoDB announces platform enhancements for enterprise-ready AI production
Adobe introduces productivity agent to transform PDF creation and sharing
Ai2 releases MolmoAct 2, enhancing robot intelligence in the real world
Atlassian opens Teamwork Graph and pushes Rovo into agentic execution at Team ’26
Collibra’s new AI Command Center promises to combat agentic hallucinations
Vibe launches Dot, a wearable AI device for capturing real-world workplace conversations
Pine.ai aims consumer AI agent at complex customer service interactions
WSO2 launches Agent Manager to help enterprises tame AI agent sprawl
Dyna Software launches Platform Copilot, an agentic AI tool for configuring ServiceNow
Money matters
Anthropic to use SpaceX’s Colossus 1 supercomputer for inference Sure looks like Elon Musk doesn’t have much faith in xAI’s models.
Anthropic and OpenAI establish joint ventures on Wall Street to accelerate enterprise AI adoption
Open-source AI developer Moonshot AI raises $2B at $20B+ valuation
AI agent startup Sierra valued at $15B in new $950M funding round
SAP acquires Dremio, Prior Labs to enhance its tabular AI capabilities
ElevenLabs adds high-profile investors after annualized revenue tops $500M
Blitzy raises $200M at $1.4B valuation to deploy thousands of coding agents in parallel
Corgi raises $160M at $1.3B valuation to expand AI-native insurance platform
Nvidia, AMD back $100M round for AI tooling startup RadixArk
A couple of startups are eyeing SAP’s lunch:
Tessera Labs raises $60M to transform ERP modernization
Nova Intelligence raises $31.5M to bring agentic AI to SAP’s $89B migration wave
ZyG raises $60M Series A at $500M valuation just a year after launch
Subquadratic launches with $29M to bring 12M-token context windows to AI
Nace.AI secures $21.5M to build metamodel that autonomously runs enterprise workflows
AI product team startup Pit raises $16M from a16z and others to automate enterprise workflows
‘Infrahub’ maker OpsMill raises $14M to give AI agents a single view of enterprise infrastructure
CodeWords raises $9M to develop AI agents that automate before you ask
Opaque buys post-quantum cryptographic AI tech from Abu Dhabi’s TII
Policy
OpenAI President Greg Brockman grilled about his $30B personal stake and ‘duty to humanity’
Around the enterprise: Cerebras’ big IPO
Earnings
AMD’s stock rises on surging demand for CPUs and GPUs for AI workloads
Arm’s stock sinks even as it reveals strong interest in its CPUs for AI servers
DigitalOcean raises 2026 and 2027 revenue outlook after AI-driven earnings beat
Supermicro shares rally on guidance after Q3 revenue falls short of estimates
Arista’s stock declines despite another solid earnings and revenue beat
Kyndryl shares drop 10% after fourth-quarter earnings miss
Palantir beats earnings expectations, raises full-year guidance as US revenue doubles
CoreWeave ups its spending forecast as revenue guidance falls short, and its stock sinks
Akamai shares surge 26% on $1.8B AI infrastructure deal as earnings meet estimates
Cloudflare beats on earnings, but 20% AI-driven layoffs and weak guidance send shares down
Fortinet shares surge on first-quarter earnings beat and raised outlook
Datadog’s stock jumps 31% on crushing earnings beat, showing there’s still hope for software
Amplitude shares slide after revenue beat, earnings miss and softer profit outlook
Rapid7 beats earnings expectations but stock sags
Teradata posts earnings beat, but stock dips 5% in after-hours trading
Qualys beats but stock slides
Freshworks revenue beats forecast, but it’s laying off 11% of staff as AI takes over coding
Uber stock jumps 9% on higher-than-expected bookings guidance
Lyft stock slips after posting mixed Q1 earnings
IPhone chip supplier Cirrus Logic beats on earnings but stock declines
Fastly shares tumble 22% despite topping Q1 estimates
Snap issues cautious guidance as Perplexity deal ends, Middle East ‘geopolitical situation’ causes uncertainty
NetScout surpasses Q4 earnings and revenue estimates, stock rises
Appian Q1 beats expectations, stock rises
Despite down quarter, Rackspace stock soars on AMD strategic partnership
JFrog stock jumps as earnings and revenue top estimates
Coinbase posts steep first-quarter loss after slide in crypto prices, shares fall 4%
Block raises 2026 outlook after first-quarter earnings beat, accelerating gross profit growth
PayPal says it’s ‘becoming a technology company again’ — that means AI
Dropbox Q1 earnings and revenue top estimates
AvePoint Q4 earnings and revenues beat forecasts
RingCentral Q1 earnings and revenue surpass estimates
HubSpot surprises with Q1 sales but stock drops
Profit surges at OpenText as Q3 cloud sales rise
Backblaze stock rockets 46% as earnings beat forecasts
Duolingo stock plunges despite earnings beat
Other money matters
AI chip provider Cerebras seeks to raise $3.5B in IPO at $26.6B valuation
Intel soars 14% on report of Apple chip talks, hits new all-time high
Lattice Semi to acquire AMI for $1.6B in cash and stock
IREN was busy this week:
AI data center firm IREN’s stock soars after it strikes $2.1B deal with Nvidia
AI data center operator IREN to acquire Mirantis for $625M
Lumen to acquire Alkira to establish control plane for cloud connectivity
Deepinfra lands $107M in funding to build out its dedicated inference cloud for open-source models
New products and services
Penske and Amazon introduce supply chain logistics solutions aimed at businesses
Nvidia partners with Corning to boost the supply of optical network components
Nvidia’s MRC: When ‘just Ethernet’ isn’t enough for gigascale AI
Extreme Connect 2026: Agentic AI, Platform ONE and the next phase of enterprise networking
Astera Labs debuts new Scorpio smart fabric data center switch to scale up AI compute clusters
Cyber beat: Cisco’s AI agent security play
Money matters
Cisco buys Astrix Security to strengthen AI agent discovery and governance
Autonomous offensive security firm Xbow raises $35 million in additional Series C financing
Boost Security acquires SecureIQx and Korbit, adds $4M in new funding
Security training startup Herd Security raises $3M to expand AI capabilities
Attack & response
AI exposes attacks traditional detection methods can’t see
New services
Tanium and ServiceNow launch joint solution to automate endpoint patching and remediation
Elsewhere in tech: Quantum picks and shovels
Stop waiting for practical quantum computers, says Q-CTRL CEO – they’re already here
QuantWare raises $178M to become the TSMC of quantum computing
Quantum Motion raises $160M to build faster quantum chips
GameStop offers to buy eBay for $56B: “Some Wall Street analysts are already skeptical that Cohen could pull off an acquisition.” Um, yeah.
Comings and goings: AI prompts layoffs
Coinbase cut staff by 14%, citing crypto market downturn and AI adoption
German AI translation startup DeepL to axe 250 staff
Former Qualcomm exec Alex Katouzian has joined Intel as EVP and GM of its Client Computing & Physical AI Group, and Pushkar Ranade has been appointed chief technology officer, transitioning from an interim role.
Neocloud Lambda appointed Michel Combes new CEO, replacing co-founder Stephen Balaban, now CTO. Co-founder Michael Balaban becomes chief product officer.
What’s next
Events
May 11-14: Red Hat Summit, Atlanta: SiliconANGLE will have the news and theCUBE will be onsite with interviews and analysis. *
May 11-14: Boomi World, Chicago: TheCUBE will be onsite with interviews and analysis. *
May 12-13: SAP Sapphire, Orlando: SiliconANGLE will have the news.
May 12: VeeamON, New York City: TheCUBE will be onsite. *
May 12-14: SaaStr AI, San Mateo.
May 18-21: Dell Technologies World, Las Vegas: SiliconANGLE will have the news and theCUBE will be onsite. *
May 19-20: Google I/O, Mountain View and online: SiliconANGLE will be onsite with all the news.
* Sponsored event
Earnings
Monday, May 11: Circle Internet
Tuesday, May 12: Nebius, D-Wave
Wednesday, May 13: Cisco
Thursday, May 14: Applied Materials
Image: SiliconANGLE/Reve
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
