Now we know for sure: This will be the year of monster initial public offerings.

Elon Musk’s SpaceX filed for an IPO this week, aiming to raise a record $80 billion or more, and OpenAI was expected to follow hot on its heels. Of course investors will eat them up, as they seem to do with everything that’s touched by artificial intelligence, but then they’ll want to see continued hypergrowth and, eventually, profits. Those remain far from certain.

Or do they? Anthropic this week said it turned a surprise profit last quarter, ahead of a not-yet-announced but certainly expected IPO of its own later this year. What self-respecting hypergrowth company does that??

The profits from AI remain pretty much with one company: Nvidia. This week the AI chipmaker — sorry, AI factory maker — reported a quarter that once again crushed forecasts, even if investors kind of yawned. But hey, it’s already valued at $5.3 trillion, so it’s doing OK. And it’s got a lot more potential, if you can believe it — not just in agentic AI, which looks to supercharge demand even more, but not too far in the future, in physical AI such as robots.

Dell Technologies isn’t doing half-bad either — we’ll find out more precisely when it reports earnings next week. But at its annual Dell Tech World conference this week, founder and CEO Michael Dell made the case at his keynote and in an interview with theCUBE’s John Furrier that his company is well-positioned for a world in which “intelligence is becoming infrastructure.” As analyst Zeus Kerravala put it, Dell is moving the conversation from chatbots and copilots to the underlying systems enterprises need to make AI happen.

Google has no intention of bringing up the rear in AI, having already roared back from also-ran status a year ago to join OpenAI, Anthropic and Microsoft among the mindshare leaders. This week at its I/O conference for developers, it pressed that advantage — perhaps a little too hard (see below the sorta cringy hat it gave I/O attendees). Google’s aiming to one-up chatbots by infusing AI into just about all its services, such as a new Ask YouTube feature on that site, and even hardware such as its coming AI glasses, in particular the Project Aura, which Google Deep Mind CEO Demis Hassabis says can send AI “out into the real world.” Check out all our coverage below.

Whether we’re ready for all that is another question. Did the search experience need to be transformed? Maybe, but not everyone’s thrilled about how it’s turning out. As Cautious Optimism’s Alex Wilhelm summed up some folks misgivings, noting that AI chats are likely to result in less traffic to websites and publishers that feed its AI: “Search is now in Google’s past, Google Cloud is its present, and the company wants AI to be its future. Fine, but it stings a little to see one of the Internet’s most useful tools get enshittified and then murdered.”

Meantime, the anti-AI drumbeat seems to be getting louder. University of Arizona students jeered former Google CEO Eric Schmidt when he mentioned AI, the third such example of people pushing back on AI. Perhaps they need to hire Steve Wozniak for better messaging.

And it’s understandable why. Even AI companies say white-collar and other jobs are in the crosshairs, and who besides corporations really wants that? Meta laid off 8,000 people this week, partly to invest more in AI. Intuit did a big layoff too, and though it didn’t blame AI, it’s clear that AI is threatening software companies such as Intuit.

Another big earnings week is coming, with implications for the impact of AI, including reports from Salesforce, Snowflake, Dell, HP and many more. No big events next week, as we rest up for key conferences next month from Microsoft, Snowflake and Databricks, as well as Computex in Taipei.

Here’s all of this week’s enterprise and emerging tech news and analysis from SiliconANGLE and beyond:

AI and data: AI to the moon

Analysis and food for thought

Eric Schmidt booed during commencement speech over AI remarks AI leaders need to start reading the room: We don’t all want to be steamrolled by AI.

Book on truth in the age of AI contains quotes made up by AI (per the New York Times) Yeesh.

And in the same vein: ‘Obvious markers of AI’: Doubts raised over winner of short story prize (per The Guardian)

Money matters

NanoCo raises $12M to accelerate NanoClaw, a secure, enterprise-grade agentic AI assistant for every office worker

Tribal AI lands $10M in seed funding to bring metadata-native agents to the enterprise

Voker raises $2.2M to help teams understand how AI agents perform in the wild

Policy

California to explore possible subsidies for companies that don’t replace workers with AI

Federal jury rules against Elon Musk in closely watched OpenAI trial

New models and services

At Google I/O, it was all about AI and especially agents, as our extensive coverage reveals:

With Gemini 3.5 Flash and Omni, Google targets AI agents and video generation

Google reimagines search with AI agents and generative interfaces

Gemini Spark is Google’s always-on AI agent for daily digital tasks

Google whips up more AI in Workspace with new voice, image editing and inbox tools

With expanded Antigravity platform, Google accelerates agent-native software development

At I/O, Google expands AI-powered app discovery and Android development tools

Google shows off first intelligent specs running Android XR

Google Flow adds agentic brainstorming, more precise editing tools and sharing features

Google’s Universal Cart embeds AI shopping features in multiple services

And elsewhere:

Workday brings AI agents to IT service management and travel

Redis debuts the much-needed memory layer for enterprise AI agents

Informatica expands agentic AI strategy with headless data services and unified agent governance

LaunchDarkly launches runtime control layer for the agentic AI era

Exclusive: Juicebox autonomous recruiting agents help source candidates proactively

WisdomAI’s new analytics agents go beyond insights, automating business work through autonomous action

DataDome debuts Priority Protect, a virtual waiting room built for AI shopping agents

Riverbed adds agentic AI, session replay and AI observability to Aternity platform

Around the enterprise: Nvidia’s AI money factory

Money matters

Nvidia almost doubles its data center revenue as it powers to another solid earnings beat And analysis from Zeus Kerravala: Five takeaways from Nvidia’s earnings, and what they mean for the AI industry

So much for the SaaSpocalypse:

Strong demand for agentic AI offerings helps Workday beat expectations and boost its stock price

Zoom raises outlook and authorizes $1B in buybacks after first-quarter beat

Google, Blackstone launch AI infrastructure joint venture

AMD to invest $10B+ in Taiwan’s chip industry

Serverless AI infrastructure startup Modal Labs seals $355M funding round

Armada raises $230M at $2B valuation to build portable AI data centers

CircuitHub raises $28M to scale electronics production in days rather than months

New products and services

Coverage from Dell Technologies World:

Dell targets enterprise AI execution gap with local agentic AI systems and integrated AI infrastructure

Dell overhauls data center portfolio with AI-focused storage, servers and cyber resilience tools

As AI brings enterprise data to life, Michael Dell says executives need courage to meet the moment

Five takeaways from Michael Dell’s keynote at Dell Technologies World 2026

Forward launches Predict to verify network changes before they reach production And analysis from Zeus Kerravala: Move fast, break nothing: How Forward Predict brings CI/CD discipline to networking

Cyber beat: Everpure pitches storage as firewall

Attack & response

GitHub confirms breach of 3,800 internal repos after employee installs poisoned VS Code extension

Forcepoint details TeamPCP supply chain attack that turned LiteLLM into a credential stealer

New services

Everpure pitches storage as the last line of cyber defense in the AI era

Bugcrowd launches reinforcement learning environments to train AI on real software vulnerabilities

Versa applies zero-trust controls to AI agent actions with new MCP architecture

Sola Security launches Lumina to cut enterprise security alert noise with contextual AI

Terra Security unifies web, AI and network testing under one agentic platform

Darwinium pushes mobile fraud detection beyond the login moment

1Password extends OpenAI collaboration with Codex MCP server for just-in-time credential access

Tenable adds multistep reasoning and MCP support to Hexa AI agent

Money matters

Zscaler acquires Symmetry Systems to extend its AI agent security capabilities

Torq acquires AI security startup Jit to add context graphs to its security operations center platform

Code security startup Socket raises $60M in funding

Infrawatch raises $3M to build an infrastructure intelligence platform for cybersecurity 

Elsewhere in tech: Quantum gets a federal boost

US issues $2B+ in grants to IBM, others for quantum computing initiatives

Blockchain.com files confidentially for US IPO amid growing crypto listings

Smart ring maker Oura files confidentially for US initial public offering

August Robotics lands $30M to automate precision construction with robots

Comings and goings: Layoffs multiply, but don’t just blame AI

Meta shifted 7,000 employees into four new AI units ahead of mass layoffs.

Intuit cut 17% of its staff to focus on AI but refused to blame AI.

AWS veteran Matt Wood is returning after short PwC stint to become chief AI and technology officer.

Modern AI pioneer and OpenAI co-founder Andrej Karpathy has joined Anthropic to help launch a new team focused on using Claude itself to accelerate pretraining research.

Cybersecurity asset management firm Axonius moved President and interim CEO Joe Diamond to CEO.

Apple device management firm Jamf named Chief Technology Officer Beth Tschida CEO, succeeding John Strosahl.

Product intelligence firm Pendo appointed Zain Lakhani chief AI officer to lead agentic AI product development.

Longtime Microsoft exec and Copilot leader Yusuf Mehdi plans to leave after one last year

What’s next

Events

June 1-4: Snowflake Summit, San Francisco: SiliconANGLE will be onsite with news and analysis.

June 2-3: Microsoft Build, San Francisco and online. SiliconANGLE will have news and analysis.

June 2-5: Computex, Taipei.

June 15-18: Databricks’ Data+AI Summit, San Francisco: SiliconANGLE will be onsite with news and analysis.

Earnings

Tuesday, May 26: Box, Zscaler

Wednesday, May 27: Snowflake, Salesforce, Nutanix, HP, Everpure, Marvell Semi, Synopsys

Thursday, May 28: Dell, NetApp, UiPath, Autodesk, Okta, Sentinel, PagerDuty, Asana, Elastic

Image: SpaceX