Technology

Bret Taylor's Sierra Raises $950M at $15.8B Valuation as ARR Hits $150M

Sierra is now valued at $15.8B and has more than $1B in cash. The interesting number isn't the valuation — it's the ARR curve from $100M to $150M in three months.

Sports

Thunder Beat Lakers 108-90 in Game 1 as Chet Holmgren Posts 24-12-3

OKC took Game 1 from a Luka-less Lakers team behind Holmgren's 24-12-3 and 13 made threes — and they did it without Jalen Williams. The depth bill is coming due for Los Angeles.

Sneakers

Beams Plus x Sperry MIL-CVO Drops May 5 Using Original 1940s US Navy Tooling

A Japanese taste-maker, an American boat-shoe brand, and a wartime US rubber company's actual factory tooling — the May 5 drop is what serious heritage collaboration looks like.

Daily Roundup

The Daily Roundup: Sneaker News x BAPE STA "Day & Night," Knicks-76ers Game 2, and Cerebras' $26.6B IPO Filing — May 6, 2026

Sneaker News drops its first-ever collaboration — a BAPE STA 'Day & Night' NYC pack in two tight editions (1,386 'Day,' 556 'Night') hitting StockX today at $349. Cerebras files for a $26.6B Nasdaq IPO the same week Knicks-76ers Game 2 tips at MSG.

Sneakers

The May 2026 Sneaker Release Calendar

Every sneaker release worth tracking in May 2026, organized by week — Nigo's Last Orgy 2 AF1, the WNBA 30th Anniversary pack, the Mother's and Father's Day Jordans, the Travis Scott Pink Pack, Nigel Sylvester's Brick After Brick, and the Toro Bravo 4 retro return.

Technology

JPMorgan Reclassifies AI Spending as Core Infrastructure in $19.8B 2026 Budget

JPMorgan moved AI off the experimental ledger and onto core infrastructure, anchoring a $19.8B 2026 tech budget. The dollar figure isn't the news. The accounting category is. Here's what changes when a top-five US bank decides AI sits next to the payment rails.

Culture

2026 Met Gala Raises Record $42M as Beyoncé Returns After Decade

The 2026 Met Gala raised a record $42 million, brought Beyoncé back to the steps after a decade away, and turned "Fashion Is Art" from a thesis into a runway. The night belonged to the people who treated couture as construction, not costume.

Sports

Wembanyama Sets NBA Playoff Record With 12 Blocks vs. Timberwolves

Victor Wembanyama recorded 12 blocks in Game 1 against Minnesota — more than any player in NBA playoff history. He also had more blocks than points, and the Spurs lost 104-102. Both things are the story.

Daily Roundup

The Daily Roundup: Patta x Nike Mercurial Vapor 16 "Waves," Lakers-Thunder Game 1, Met Gala "Fashion Is Art," and Sierra's $950M AI Round - May 5, 2026

Patta's Mercurial Vapor 16 Waves ($320) is the most considered cleat of the World Cup cycle. Luka and Jalen Williams both sit out Game 1, Beyoncé returns to the Met carpet, and Sierra closes $950M to lead enterprise AI.

Sneakers

Nigo x Jun Takahashi x Nike Air Force 1 'Last Orgy 2' Drops May 2

Nigo and Jun Takahashi reunite on a Sail/Loyal Blue Air Force 1 '01 ($150, IO8765-100) named after the POPEYE column they co-edited in the early 90s — the same column that built the careers behind BAPE, Undercover, and Human Made.

Sports

Antonelli Wins Third Straight F1 Race at Miami GP, Leads Drivers' Championship by 20 Points

Kimi Antonelli won the Miami Grand Prix from pole on May 3 — his third straight F1 victory in three races, all started from pole. No driver in series history had ever done that before. He now leads the Drivers' Championship by 20 points.

Music

Drake Announces ICEMAN for May 15 With a 25-Foot Ice Sculpture in Downtown Toronto

Drake's ICEMAN drops May 15. The 25-foot ice sculpture in downtown Toronto, the magazine clue, the fans hacking it open with pickaxes, and the police seal-off all happened first — and built a marketing campaign that other brands are now copying.