Technology

Intuit Lays Off 17% of Workforce as Shares Drop 14% on Revenue Slowdown

Intuit will cut about 3,000 jobs — 17% of its workforce — and close offices in Reno and Woodland Hills. The TurboTax and QuickBooks parent took a $300M+ restructuring charge and watched shares fall 14% after-hours as growth slowed.

Technology

Mercury Raises $200M Series D at $5.2 Billion Valuation Led by TCV

Mercury closed a $200M Series D at a $5.2 billion valuation, 49% above its 2025 round. The fintech now serves one in three U.S. startups, runs at $650M in annualized revenue, and has conditional approval to become a federally regulated bank.

Technology

GitHub Confirms Breach of 3,800 Internal Repositories via Poisoned VS Code Extension

A GitHub employee installed a poisoned VS Code extension. The threat actor TeamPCP then exfiltrated roughly 3,800 internal repos — Copilot, CodeQL, Codespaces, Dependabot — and listed the source code on a cybercrime forum for $50,000.

Technology

OpenAI Is Reportedly Preparing IPO Filing at $852 Billion Valuation

CNBC and Kalshi both pointed at the same thing Wednesday: OpenAI is the new favorite to go public first in the AI cohort, with a confidential filing potentially as soon as this week — at a valuation near $852 billion.

Technology

SpaceX Files Public S-1 With June 12 Nasdaq Debut Set at $1.75 Trillion

SpaceX's public S-1 went live Wednesday with the June 12 IPO date attached, targeting a $75 billion raise at a $1.75 trillion valuation — what would be the largest public offering in history by a margin.

Technology

NVIDIA Reports $81.6B in Q1 Revenue as Data Center Hits $75.2B

NVIDIA beat on revenue and EPS, with data center sales nearly doubling year-over-year. Jensen Huang closed the call by saying demand has "gone parabolic." The stock dipped anyway.

Daily Roundup

The Daily Roundup: Nike GT Cut 4 'Wembanyama' Gold Panther, Spurs-Thunder WCF Game 2, Aston Villa vs. Freiburg Europa League Final, and Anthropic's $900 Billion Valuation — May 20, 2026

Victor Wembanyama's Gold Panther Nike GT Cut 4 PE drops on SNKRS hours after his 41-point, 24-rebound conference finals performance — the same day Anthropic is set to close a $900 billion valuation round, and Aston Villa plays its first European final since 1982.

Technology

Apple's Camera-Equipped AirPods Pro Reach Advanced Testing Stage

Apple's AirPods Pro with built-in cameras have reached design validation testing — the last step before mass production. The earbuds are designed to be Siri's eyes.

Daily Roundup

The Daily Roundup: Nike ST Charge 'Cade Cunningham', Knicks-Cavaliers ECF Game 1, Google I/O 2026, and the Colbert Late Show Finale — May 19, 2026

Wembanyama delivered 41 points and 24 rebounds in double overtime to hand the Spurs a Game 1 win over OKC, while the Knicks open the ECF at MSG tonight as 7.5-point favorites. Cade Cunningham's Nike ST Charge drops Wednesday alongside a new Wembanyama GT Cut 4.

Technology

OpenAI Launches ChatGPT Personal Finance Tools That Connect to Your Bank Accounts

ChatGPT can now connect to 12,000+ banks and brokerages through Plaid. It is OpenAI's biggest trust ask yet — one model with a connected view of your health records and your money.

Technology

General Catalyst's a16z Parody Video Drew 2.4 Million Views and 15 Andreessen Replies

A General Catalyst parody ad mocking a16z pulled 2.4 million views — most of them delivered by Marc Andreessen's own 15-reply meltdown. Venture firms used to compete privately; now they run diss tracks.

Technology

Marketing Operating System Nectar Social Raises $30M Series A Led by Menlo

Two ex-Meta sisters raised $30M from Menlo's Anthropic-partnered Anthology Fund to put autonomous agents in charge of brand social — the comment-section reply is becoming a software line, not a headcount line.