🖥️ Tech News — May 7, 2026
🤖 AI & Big Tech
OpenAI hits $25B+ in revenue, eyes IPO OpenAI has surpassed $25 billion in annualized revenue and is reportedly taking early steps toward a public listing, potentially as soon as late 2026. Crescendo AI
GPT-5.5 Instant becomes ChatGPT’s new default OpenAI released GPT-5.5 Instant on May 5 as the new default model for ChatGPT, replacing GPT-5.3 Instant. The update focuses on reducing hallucinations in high-stakes domains such as law, medicine, and finance while maintaining low latency. ChatGPT now also displays memory sources, allowing users to delete or correct outdated information. Tech Startups
Anthropic’s explosive growth strains compute Anthropic’s CEO cited 80-fold growth in Q1 as the explanation for the company’s “difficulties with compute.” Separately, Anthropic and SpaceX announced a compute deal that includes space development. CNBC
Anthropic launches 10 AI agents for finance Anthropic rolled out 10 AI agents built for banks, insurers, asset managers, and fintech companies. The tools can handle tasks such as pitchbook drafting, financial statement review, credit memo preparation, and compliance escalation. Tech Startups
🔧 Hardware & Chips
Nvidia partners with Corning for optical manufacturing Nvidia is partnering with Corning to build three advanced manufacturing facilities in North Carolina and Texas dedicated to optical technologies. Nvidia is scheduled to report Q1 earnings on May 20. TheStreet
Elon Musk’s Terafab chip factory could cost $119B Elon Musk’s Terafab chip factory in Texas could cost up to $119 billion, according to a new filing. CNBC
Apple eyes Intel & Samsung for future processors Apple is reportedly exploring Intel and Samsung as suppliers for future processors — a notable shift for a company that has relied on tightly controlled chip partnerships. Bloomberg reports that recent shortages have been driven partly by AI data center buildouts and stronger-than-expected demand for AI-capable Macs. Tech Startups
QuantWare raises $178M for quantum processors Netherlands-based QuantWare raised $178 million to scale production of superconducting quantum processors, positioning itself as a manufacturing layer in the quantum sector. Tech Startups
🏢 Corporate & Market Moves
Microsoft may walk back its 2030 renewable energy goal Microsoft is considering delaying or abandoning its goal of matching all of its hourly electricity use with renewable energy purchases by 2030. The soaring cost and energy demands of AI-driven data centers are reshaping the feasibility of the company’s climate commitments, which were set before the AI boom. TheStreet
AMD stock soars 19% after earnings AMD’s CEO explained a massive forecast change as the company’s stock roared 19% on earnings results. CNBC
Tesla files new Roadster trademarks Tesla has filed two new trademark applications for the Roadster with the U.S. Patent and Trademark Office, revealing a stylized wordmark and a triangular badge that departs from the automaker’s standard branding. Tesla China wholesale sales in April reached 79,478 vehicles, up nearly 36% year over year. TheStreet
🌐 Startups & Funding
ReFiBuy raises $13.6M to make products “AI-visible” Raleigh-based ReFiBuy raised $13.6 million in seed funding to help e-commerce companies make product data more visible to AI tools such as ChatGPT and Claude, preparing brands for a shopping world where AI agents guide product discovery. Tech Startups
