Business & Industry
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Cisco to Buy Astrix Security for Roughly $400 Million to Govern AI Agents and Non-Human Identities Across the Enterprise
The deal, announced May 4, brings the Israeli non-human-identity startup into Cisco's security platform alongside Identity Intelligence, Duo, Secure Access, and Splunk.
Arm Posts Record Q4 With $1.49 Billion Revenue and Says AGI CPU Customer Demand Has Doubled to $2 Billion Across FY27 and FY28
Q4 FY2026 results, announced May 6, 2026: revenue up 20%, license revenue up 29%, and AGI CPU demand running at twice the previously stated level.
IREN Acquires Mirantis for $625 Million in All-Stock Deal, Adding Kubernetes and OpenStack Software to Its AI Cloud Stack
Former bitcoin miner IREN will pay $625 million in shares for Mirantis, the long-standing OpenStack and Kubernetes vendor behind the k0rdent platform, layering enterprise infrastructure software on top of its 2 GW Sweetwater AI campus.
Rogo Closes $160 Million Series D Led by Kleiner Perkins as Wall Street Embraces Agentic AI
The New York AI startup, used by 35,000 finance professionals at firms like Rothschild and Jefferies, brought total funding past $300 million to scale Felix, its autonomous deal-workflow agent.
Microsoft Launches Its First-Ever Voluntary Buyout in 51 Years, Offering 8,750 US Employees a Rule-of-70 Exit on May 7
Microsoft will notify roughly 8,750 US employees on May 7, 2026 that they qualify for the company's first voluntary retirement offer, a Rule-of-70 program for senior directors and below.
Spirit Airlines Ceases Operations at 3 AM Eastern on May 2 After Failed $500M Trump Bailout and Iran-War Fuel Spike
Spirit Airlines ended 34 years of flying at 3 AM ET on May 2, 2026, after a $500 million federal rescue collapsed and jet fuel reached roughly $4.51 a gallon — double its restructuring assumption.
Apple Posts Record $111.2 Billion March Quarter With 28 Percent Greater China Rebound in Cook's Last Full Quarter as CEO
Apple posted $111.2 billion in Q2 revenue and $29.6 billion in profit, beating estimates as iPhone 17 lifted sales 22 percent and Greater China rebounded 28 percent. The board added $100 billion to buybacks before Cook hands the CEO role to Ternus.
Former Twitter CEO Parag Agrawal Doubles Parallel's Valuation to $2 Billion in Five Months as Sequoia Bets on Web Infrastructure for AI Agents
Parallel Web Systems closed a $100 million Series B led by Sequoia Capital at a $2 billion valuation, more than doubling the startup's worth since its November Series A and bringing total funding to $230 million.
Sun Pharma Strikes $11.75 Billion All-Cash Deal for Organon, the Largest Overseas Acquisition Ever by an Indian Drugmaker
India's Sun Pharma will buy Merck spinoff Organon for $14 a share, vaulting into the global top 25 pharmaceutical companies and entering biosimilars at scale.
QXO Strikes $17 Billion Deal for TopBuild, Vaulting Brad Jacobs's Roll-Up to the Top of North American Building Products
QXO will acquire insulation distributor TopBuild for $17 billion, its largest deal yet, creating an $18 billion-revenue building products giant.
Cognition Eyes a $25 Billion Valuation, Doubling in Seven Months as the AI Coding Agent Race Reprices
Devin's maker is in talks to raise hundreds of millions at $25 billion just seven months after a $10.2 billion round, putting fresh pressure on a sector already reshaped by the SpaceX-Cursor option and Anthropic-OpenAI competition.
SpaceX Secures $60 Billion Option to Acquire Cursor After Preempting Its $2 Billion Fundraising Round
SpaceX announced a $10 billion collaboration deal with AI coding tool Cursor and an option to acquire it for $60 billion, halting a $2B fundraising round that Andreessen Horowitz, Thrive, and Nvidia had been set to join.