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Japan Nikkei drops 2% as tech profit taking drags chip-testing leaders into weekly decline

Japan Nikkei drops 2% as tech profit taking drags chip-testing leaders into weekly decline

Japan’s Nikkei fell 2% on Friday, reversing early gains and setting up a weekly loss as traders booked profits in high-flying tech stocks heading into the weekend. The index closed at 61,409.29 after dropping about 1,245 points. Chip-testing leader Advantest slid 7.9%, cutting 544 points, while Tokyo Electron fell 1.8%. Fujikura sank 7.4% following Thursday’s 19% plunge tied to weak data-centre cable forecasts. Topix ended slightly lower and remained supported by energy and automakers.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Cerebras IPO to raise $5.5 billion at $185 a share valuing wafer-scale AI chipmaker over $55 billion

Cerebras IPO to raise $5.5 billion at $185 a share valuing wafer-scale AI chipmaker over $55 billion

US chip startup Cerebras Systems plans to launch an IPO on Wall Street at $185 per share to raise about $5.5 billion, valuing it at over $55 billion. The offering is the largest US IPO this year. Cerebras makes wafer-scale processors designed to accelerate AI workloads, aiming to boost performance for next-generation machine learning systems.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Asian stocks rise as Wall Street hits records on tech optimism and earnings boost

Asian stocks rise as Wall Street hits records on tech optimism and earnings boost

Asian markets climbed in sync with Wall Street’s record highs, powered by a tech-led rally and upbeat corporate earnings. Investors are now tracking the US-China summit and rising geopolitical risks around Iran. At the same time, lingering inflation concerns are reshaping expectations for potential Federal Reserve rate hikes next year, keeping traders cautious.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Banks of Malware Stacked Like Hard Drives Reveal a Chilling Digital Scale

Banks of Malware Stacked Like Hard Drives Reveal a Chilling Digital Scale

A new visualization imagines the world’s largest malware repositories as stacked hard drives, making the scale of cybercrime feel physical. The graphic helps highlight how much harmful code is amassed, traded, and reused across attacks—turning “malware databases” into a tangible volume of risk that keeps growing.

Summarised by Beize from a story on TechCrunch on 14 May 2026
Tech founder says AI hiring systems label him unemployed after 25 years experience

Tech founder says AI hiring systems label him unemployed after 25 years experience

A 25-year software developer says he’s been shut out of jobs despite applying to 2,000 roles, and suspects Applicant Tracking Systems are the culprit. He claims his entrepreneurial history—using the title “founder”—is triggering automated filters that interpret it as “unemployed,” prolonging his job search and straining the people who rely on him.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Anthropic launches AI features for law firms as legal services heat up

Anthropic launches AI features for law firms as legal services heat up

The AI legal services space is accelerating as Anthropic moves beyond general-purpose chat into tools built for law firms. The company is rolling out a suite of features aimed at helping legal teams with work that typically takes time, such as research, drafting support, and case preparation workflows. The launch signals intensifying competition among AI vendors targeting legal practice.

Summarised by Beize from a story on TechCrunch on 12 May 2026

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Peacock jumps into microdramas launching two unscripted Bravo series in the app

Peacock jumps into microdramas launching two unscripted Bravo series in the app

Peacock is betting on the fast-growing microdrama boom, announcing two unscripted Bravo microdramas for streaming inside the Peacock app. The move follows rivals like ReelShort and DramaBox, which have built massive audiences on short episodic stories. Details on format, cast, and release timing are still coming, but the strategy is clear: win attention with bite-sized drama.

Summarised by Beize from a story on TechCrunch on 12 May 2026
Cloudflare Cuts 1100 Jobs as AI Use Soars 600 in Three Months

Cloudflare Cuts 1100 Jobs as AI Use Soars 600 in Three Months

Cloudflare has laid off 1,100 employees, saying the company’s AI usage has surged 600% over the last three months. The move adds to mounting pressure on tech firms as automation expands and workforce costs come under scrutiny. Cloudflare framed AI adoption as part of shifting operations and productivity expectations, despite the human impact.

Summarised by Beize from a story on Office Chai on 8 May 2026
Gusto clears 1B in actual revenue bringing it closer to going public soon

Gusto clears 1B in actual revenue bringing it closer to going public soon

Gusto says it has reached $1 billion in actual revenue, a milestone it emphasizes is based on real income rather than ARR projections. The figure, if sustained, signals stronger financial traction and could make the payroll and HR platform a more credible candidate for a future public-market push.

Summarised by Beize from a story on TechCrunch on 7 May 2026
Tome book tracker shuts down as BookTok rivals scramble for survival

Tome book tracker shuts down as BookTok rivals scramble for survival

Tome, a Goodreads-style book tracking app aimed at the BookTok crowd, has shut down. It joins a growing list of similar services struggling to retain users and sustain growth in a crowded market. For BookTok readers who logged reviews, ratings, and shelves on the go, the app’s sudden closure raises questions about what happens to their data next.

Summarised by Beize from a story on TechCrunch on 7 May 2026

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Snap says its 400 million Perplexity partnership ended amicably

Snap says its 400 million Perplexity partnership ended amicably

Snap says its $400 million deal with Perplexity was “amicably ended,” less than a year after the partnership was announced. The agreement, revealed last November, aimed to integrate Perplexity’s AI search engine directly into Snapchat. With the integration plans now off the table, the move raises fresh questions about how quickly big AI features translate into product launches.

Summarised by Beize from a story on TechCrunch on 6 May 2026
Tinder owner Match Group slows hiring as AI bill balloons across teams

Tinder owner Match Group slows hiring as AI bill balloons across teams

Match Group, the parent company of Tinder and other dating apps, says it’s slowing hiring for the rest of the year. The reason is straightforward: the firm’s increased use of AI tools is raising costs, and leaders believe the tools “cost a lot of money.” The move signals how quickly AI spending is reshaping corporate budgets.

Summarised by Beize from a story on TechCrunch on 6 May 2026
reMarkable Paper Pure tablet returns to basics with a monochrome screen and faster lighter design

reMarkable Paper Pure tablet returns to basics with a monochrome screen and faster lighter design

reMarkable has introduced the Paper Pure tablet, aiming to simplify the experience with a monochrome screen. The company says it is lighter and faster than the reMarkable 2, which is set to be retired about six years after its launch. For fans of distraction-free reading, the new device focuses on core note-taking and e-paper performance.

Summarised by Beize from a story on TechCrunch on 6 May 2026
Apple iOS 27 could let users choose AI models for tasks in new operating updates

Apple iOS 27 could let users choose AI models for tasks in new operating updates

Apple’s upcoming iOS 27 updates reportedly aim to give users direct control over which third party AI models power everyday tasks. Instead of relying on a single default assistant, the system may allow model switching across functions, potentially reshaping how apps and AI capabilities work together inside Apple’s walled ecosystem.

Summarised by Beize from a story on TechCrunch on 5 May 2026

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Coinbase cuts 14% of staff and shifts company to an AI-first structure

Coinbase cuts 14% of staff and shifts company to an AI-first structure

Coinbase says it will lay off about 14% of its workforce and restructure the company around AI priorities. The move follows a broader wave of tech job cuts as companies automate parts of product and operations. While Coinbase frames the change as efficiency and faster decision-making, employees and observers are asking what roles are being eliminated and what skills are being prioritized.

Summarised by Beize from a story on Office Chai on 5 May 2026
Ouster’s Color Lidar Promises Depth And Images At Once, Challenging Camera Dependence

Ouster’s Color Lidar Promises Depth And Images At Once, Challenging Camera Dependence

Ouster says its new color lidar can capture depth and image data simultaneously, a longtime goal for perception systems. CEO Angus Pacala tells TechCrunch the approach could reduce reliance on separate camera setups by combining visual detail with 3D mapping in a single sensor. If it works at scale, it could shift how autonomous and mapping hardware is designed.

Summarised by Beize from a story on TechCrunch on 4 May 2026
Reddit search is finally working as users surge 30 percent year over year

Reddit search is finally working as users surge 30 percent year over year

Reddit CEO Steve Huffman says people are finally using the platform’s search more actively, with weekly users up 30% year over year. The increase signals that recent improvements may be making it easier for users to find content and communities faster, potentially strengthening discovery and engagement across Reddit.

Summarised by Beize from a story on TechCrunch on 1 May 2026
Apple says AI demand is driving Mac supply constraints next quarter

Apple says AI demand is driving Mac supply constraints next quarter

Apple says it expects supply constraints to continue next quarter for Mac mini, Mac Studio, and its Neo line, citing unexpectedly strong AI-related demand. The company indicated the pull from AI use cases and buyers’ new hardware urgency surprised its planning, leading to tighter availability even as production ramps for key models.

Summarised by Beize from a story on TechCrunch on 30 Apr 2026

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137 Ventures raises 700 million to back growth startups including SpaceX and Anduril

137 Ventures raises 700 million to back growth startups including SpaceX and Anduril

VC firm 137 Ventures has raised over $700 million to invest in growth-stage startups. The fund comes as the company expands its bet beyond early winners, with a portfolio that includes SpaceX, Anduril, and Hadrian. The raise positions 137 Ventures to deploy capital across multiple rounds as it grows its new and existing fund strategies.

Summarised by Beize from a story on TechCrunch on 30 Apr 2026
Instagram restricts reach of content aggregators in crackdown on repost spam

Instagram restricts reach of content aggregators in crackdown on repost spam

Instagram has introduced changes aimed at content aggregators that primarily re-upload posts rather than creating original content. The update is designed to limit the reach of accounts that recycle others’ work, reducing visibility for repost-driven pages and encouraging more original posting across the platform.

Summarised by Beize from a story on TechCrunch on 30 Apr 2026
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