AI
AI
AI
Cerebras’ monster IPO, Cisco’s big quarter, and the AI factory’s real impact
Are IPOs finally back? It sure looks like it, if Cerebras’ monster initial public offering this week is any indication.
After raising its offering price twice, the stock rose 68% on the first day of trading, after the maker of huge artificial intelligence chips raised at least $5.5 billion. That success seems likely to spur SpaceX, OpenAI and Anthropic to pull the trigger on their expected IPOs sooner than later.
In case you wondered if Nvidia’s stock price is getting too pricey — given that its market cap is approaching an almost unbelievable $6 trillion — wonder again. Dave Vellante and David Floyer contend that Nvidia is leading nothing less than a historic shift to a new platform for enterprise computing — one that will utterly change business models in the process.
Agent wrangling seems to be everyone’s focus now, as it becomes apparent that enterprises just aren’t going to let these autonomous AIs loose in their operations without more control. IBM’s Red Hat weighed in with its offering this week at its summit, but we also saw services from SAP and Honeycomb, following others from WS02, Collibra and others in previous weeks.
When it’s not attracting drama, OpenAI seems to go to pains to create it. Reportedly it might sue Apple for reneging on its deal and doing a poor job integrating ChatGPT with Siri.
Next week’s events include Dell Technologies World and Google I/O, and I don’t even need to tell you what they’ll be talking about. Google, in particular, is expected to release a new Gemini model.
Earnings reports will be relatively light next week, but there’s one big kahuna — Nvidia — plus Workday and Zoom.
Here’s all the enterprise and emerging tech news, analysis and commentary this week from SiliconANGLE and beyond:
AI and data: The mother of all tech platform shifts
Analysis and food for thought
Nvidia, AI factories and the transition to accelerated computing
The rise of the AI control plane hit Boomi World in Chicago
The software supply chain is the new ground zero for enterprise cyber risk. Don’t get caught short
New models and services
Google debuts Gemini Intelligence automation features, Googlebook laptop series
From Red Hat Summit:
Red Hat expands agentic AI strategy with new inference, automation and sovereignty capabilities
Red Hat outlines sovereign AI strategy amid growing regulation and control concerns
AI ambition is crashing into a decade of deferred IT maintenance, says Red Hat CEO
OpenAI brings Codex to mobile devices, adds more customization features
Anthropic launches Claude for Small Business with new automation workflows
Anthropic announces ‘programmatic credit pool’ as agentic tool use rises
PwC expands Anthropic alliance, will train 30,000 staff on Claude
Veeam introduces new backup management, cybersecurity features And analysis by Zeus Kerravala: Veeam’s big pivot on display at VeeamON 2026 And an interview with its CEO: Veeam CEO Anand Eswaran says the company’s future is filling the AI stack’s missing layer
SAP recasts Joule as the front door to autonomous enterprise AI
AWS Kiro accelerates software development by proving code correctness before it gets to work
CME Group and Silicon Data to launch AI compute futures market
Exclusive: ClickUp endows its Brain assistant with agentic capabilities
Exclusive: AirOps targets emerging AI search market with autonomous content optimization agent
Dataiku launches governed AI workflow builder inside Snowflake
ZenBusiness launches AI-ready infrastructure for business formation and compliance
How the WNBA-AWS data play can turn engagement into fans
Adaption debuts AutoScientist, an AI tool that helps models train themselves
Okta extends AI agent security to Amazon Bedrock, opens platform to rival identity providers
Freshworks unveils Freddy AI Agent Studio and MCP Gateway for Freshservice
Honeycomb introduces agent observability features to keep an eye on production
Quiq extends its AI agent platform into voice as enterprise rollouts move past pilots
Money matters
OpenAI launches professional services business with $4B investment
Recursive Superintelligence raises $650M to build self-improving AI models
Nebius snaps up Clarifai’s compute orchestration tech and talent to enhance AI inference
A $10T bet: Coupa leverages data to build its case for AI and autonomous spend management
Distributed quantum computing firm Photonic closes $200M+ round
Vapi nabs $50M to make voice AI more human
Judgment Labs closes $32M seed and Series A round to build the continuous improvement layer for AI agents
AI training data provider Wirestock raises $23M in funding
White Circle raises $11M to help companies secure and monitor AI model behavior
Graphon reels in $8.3M for its persistent relational memory platform
Origin Lab raises $8M to help video game companies sell data to world-model builders
OpenAI reportedly mulls taking Apple to court over ChatGPT’s Siri integration
Sam Altman testifies in landmark OpenAI trial, says Musk wanted control of company
Around the enterprise: Cerebras’ massive IPO
Money matters
Amp, which aims to develop ‘AI grid’ to make compute capacity more widely available, raises $1.3 billion
British inference chip startup Fractile bags $220M to accelerate token consumption
Data center cooling tech startup Iceotope aims to scale after raising $26M
Saile raises $2.2M to reduce paperwork for healthcare staffing
Earnings
Rising AI demand lifts Cisco to another earnings and revenue beat – and a 20% stock pop
Applied Materials boosts its outlook as AI chipmakers scramble to add more production capacity
Foxconn posts strong results on AI hardware sales
Nebius revenue booms on AI infrastructure spending, stock soars
Rigetti Computing posts small revenue beat
D-Wave Systems sees revenue drop, stock falls
Figma stock jumps as first-quarter revenue surges 46% on AI monetization traction
New products and services
HPE expands hybrid cloud stack with unified private cloud and AI-ready storage updates
Cyber beat: AI vs. AI
Attack & response
Google says criminals used AI to build a working zero-day exploit for the first time
New services
Microsoft’s new agentic security system MDASH uncovers four critical Windows RCE flaws
Idira launches as Palo Alto Networks extends CyberArk tech to machine and agentic identities
Fleet launches autonomous endpoint management platform to counter AI-accelerated exploits
JupiterOne targets AI sprawl with new attack surface and vulnerability tools
Cofense adds AI-driven campaign detection to its phishing defense platform
Autodesk taps Permiso Security to monitor AI agents across its cloud and workforce
AI security startup Grego AI debuts, claims record $250,000 bounty for AI-found exploit
Manifold scores 7,700 MCP servers in Manifest expansion aimed at agent security teams
Money matters
With $50M in funding, Frame Security takes aim at AI-powered social engineering
SecurityScorecard acquires internet scanning startup Driftnet to bolster third-party risk platform
Elsewhere in tech: Anduril’s big raise
Anduril doubles valuation to $61B in new $5B funding round
Rivian spinout Mind Robotics lands $400M to push AI robots onto factory floors
Circle shares close 16% higher after $222M token sale, mixed earnings
German defense tech startup Helsing in talks over $1.2B funding round
Cowboy Space raises $275M to build orbital AI data centers
Agentic SOC startup Exaforce closes $125M round at reported $725M valuation
Elliptic reels in $120M for its cryptocurrency analytics platform
Gemini crypto exchange surges after Winklevoss Capital Fund invests $100M
NVision raises $55M for quantum-enhanced MRI platform
Imaging tech startup eyeo raises €40M to try to show the world in a very different light
EBay rejects unsolicited proposal from GameStop
Comings and goings: Tom Siebel returns
C3 AI founder and Executive Chairman Tom Siebel returned to his CEO role after improving health issues, despite continued vision impairment. Former CEO Stephen Ehikian will continue as president, reporting to Siebel.
Former Deepwatch CEO John DiLullo is new CEO at operations management firm PagerDuty, succeeding Jennifer Tejada, who has been CEO since 2016 and will now be executive chair.
Shawn Bice is returning to Amazon Web Services as VP of AI Services, leading the company’s Automated Reasoning Group after a second stint at Microsoft, working in security. He will report to Amazon VP of Agentic AI Swami Sivasubramanian.
Salesforce Chief Product Officer Steve Fisher stepped down (per The Information).
Microsoft’s LinkedIn is about to lay off 5% of its staff.
GitLab is laying off an undisclosed number of people, removing up to three layers of management, reorganizing R&D to create about 60 smaller teams, and “rewiring internal processes with AI agents.”
What’s next
Events
May 18-21: Dell Technologies World, Las Vegas: SiliconANGLE will have the news and theCUBE will be onsite with interviews and analysis. *
May 19-20: Google I/O, Mountain View and online: SiliconANGLE will be onsite with all the news.
* Sponsored event
Earnings
Wednesday, May 20: Nvidia
Thursday, May 21: Workday and Zoom
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