AI & Tech News Digest

Wednesday, May 20, 2026

5 articles 3 categories
Industry (3)
Nvidia posts another record quarter, reveals $43B of holdings in startups
Nvidia reported another quarter of record-breaking financial results, with $81.6 billion in revenue for the period ending April 26, representing a 20% increase from the previous quarter. The company's
TechCrunch · May 20, 2026
xAI burned $6.4B last year — SpaceX’s IPO filing shows why the spending is far from over
Elon Musk's artificial intelligence venture xAI reported operating losses of $6.4 billion against just $3.2 billion in revenue for 2025, according to SpaceX's recently filed IPO documents. The company
TechCrunch · May 20, 2026
OpenAI Pushes Toward IPO After Musk's Legal Challenge Fails
A day after Elon Musk's legal challenge against OpenAI fell apart in court, the artificial intelligence company is pushing ahead with plans to go public, according to people familiar with the matter w
TechCrunch · May 20, 2026
Tools (1)
Clouted wants to take the guesswork out of making short videos go viral
Clouted, a startup that participated in a16z's Speedrun accelerator program in 2024, has secured $7 million in seed funding to solve a major pain point in social media marketing. The round was led by
TechCrunch · May 20, 2026
Startups (1)
AI Search Wars Heat Up as Exa Labs Bags $250M From Andreessen Horowitz
Google's announcement that it plans to overhaul its traditional search product with AI features grabbed headlines this week, but the tech giant isn't the only one gunning for the next generation of in
TechCrunch · May 20, 2026
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