Business & Industry
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EA's $55 Billion Saudi-Led Buyout Clears Shareholder Vote as Canadian Union Raises National Security Alarm
EA shareholders approved the $55B PIF-led acquisition in late December; Canadian union CWA Canada has urged Ottawa to review the deal under the Investment Canada Act.
Nvidia Posts Record $81.6 Billion Q1 Revenue, Raises Quarterly Dividend 25x and Authorizes $80 Billion Buyback
Nvidia's Q1 FY2027 results set new company records across revenue, net income, and free cash flow, driven by Blackwell GPU demand and a near-tripling of networking revenue.
AWS US-EAST-1 Thermal Event Forces Coinbase Into Manual Disaster Recovery as Cooling Failure Damages EC2 Hardware
A cooling system failure in a single Northern Virginia availability zone triggered a 20-hour AWS outage that physically damaged EC2 and EBS hardware and brought down core trading services at Coinbase.
Spotify and Universal Music Group Strike Landmark Licensing Deal for Fan-Made AI Covers and Remixes
Spotify and UMG announced a licensing deal enabling Premium users to create AI-generated covers and remixes of participating artists' songs, with revenue shared back to rights holders.
Scapia Raises $63 Million Series C Led by General Catalyst to Scale India's AI-Powered Travel Fintech
Bengaluru startup Scapia has closed a $63M Series C led by General Catalyst at a post-money valuation exceeding $500 million, more than doubling its $200 million valuation from April 2025.
Brett Adcock's Hark Raises $700 Million Series A at $6 Billion Valuation to Build Personal AI Hardware
The AI startup founded by Figure AI's CEO closed an oversubscribed round led by Parkway Venture Capital, with Nvidia, AMD, Intel, and Qualcomm among the backers.
Mercury Raises $200 Million Series D at $5.2 Billion Valuation as AI Reshapes Startup Banking
The fintech platform for startups closed a TCV-led Series D valuing it at $5.2 billion, weeks after securing conditional OCC approval to become a national bank.
ServiceNow Launches Otto and Action Fabric at Knowledge 2026, Betting the Enterprise on Governed AI Agents
ServiceNow unveiled Otto, Action Fabric, and an expanded AI Control Tower at Knowledge 2026, repositioning itself as a unified governance layer for every AI agent across the enterprise.
Vapi Raises $50 Million Series B at $500 Million Valuation as Voice AI Platform Surpasses 1 Billion Calls
Voice AI infrastructure startup Vapi closes a $50M Series B led by Peak XV at a ~$500M valuation after surpassing 1 billion calls, with Amazon Ring routing 100% of its inbound volume through the platform.
NextEra Energy in Talks to Acquire Dominion in a Roughly $400 Billion Stock Deal Aimed at AI Data Center Power Demand
FT and Bloomberg report NextEra is in discussions to buy Dominion in a mostly stock deal that would form a $400 billion utility, expanding into PJM and Northern Virginia's data center cluster.
GitLab Opens Voluntary Separation Window and Reorganizes R&D Into 60 Teams as CEO Bill Staples Pitches an 'Agentic Era' Act 2
GitLab disclosed a reduction in force on May 11, plans to shed up to 30% of its country footprint, remove up to three management layers, and reorganize R&D into roughly 60 teams by June 1.
Lufthansa Exercises Option to Take 90% of ITA Airways for 325 Million Euros, Pushing Italian Flag Carrier Fully Inside the German Group
Lufthansa will exercise its option in June to buy an additional 49% of ITA Airways from the Italian state for 325 million euros, lifting its stake to 90% and triggering full integration of the Italian flag carrier.