Yaaa News
Tech / Business / Security — the few worth reading each day
US bets $2B on quantum — IBM gets half, government takes equity
US Commerce Dept signed letters of intent with 9 quantum firms for $2.01B under CHIPS Act. IBM alone gets ~$1B; Washington takes minority equity in return.
Meta cuts 8,000 — record revenue same quarter, $145B for AI
Meta laid off ~8,000 on May 20 and cancelled 6,000 open roles (14,000 total); same quarter revenue hit a record $56.3B, 2026 AI capex set at $125–145B.
Tencent Music closes Ximalaya buyout — SAMR orders it to surrender exclusive audio rights
Tencent Music closed its ¥18.6B Ximalaya acquisition on May 18; SAMR attached five conditions, the core one forcing it to drop all exclusive audio rights.
SpaceX S-1 published — Musk himself listed as a risk factor
SpaceX's 330-page S-1 lists Musk himself as an investment risk factor; xAI is mentioned 356 times, Tesla 87.
NVIDIA Q1 — $81.6B revenue, +85% YoY, $80B buyback announced
NVIDIA's FY27 Q1: $81.6B revenue (+85% YoY), data center $75.2B (+92%), $58.3B net income. Board authorizes $80B buyback. Quarterly dividend up 25× to $0.25.
AMD Ryzen AI Max 400 — first x86 chip to run a 300B model locally
AMD's Ryzen AI Max PRO 400 (Gorgon Halo) pushes unified memory from 128GB to 192GB, with up to 160GB assignable as VRAM — first x86 chip to run 300B+ LLMs locally.
.ORG wholesale up 11% on June 1 — first hike in a decade
.ORG wholesale rises from $9.93 to $11 on June 1 — first hike since 2016, +11%; retail expected at $13–14. Renew up to 10 years to lock current price.
GitHub internal repos breached — 3,800 accessed, TeamPCP asking $50K+
GitHub confirms ~3,800 internal repos were accessed; TeamPCP is selling the source code for $50K+ after entering via a poisoned VS Code extension, Nx Console v18.95.0.
OpenAI prepares for IPO — largest AI listing ever, target $850B
OpenAI plans a confidential SEC IPO filing this Friday, targeting September listing at $850B+ valuation. Goldman and Morgan Stanley underwriting. Musk's lawsuit dismissed as too late.