NVIDIA Smashes Expectations with $44.1B Q1 Revenue, Despite China Chip Setback

NVIDIA kicked off fiscal 2026 with a record-breaking $44.1 billion in Q1 revenue, up 69% year-over-year, led by explosive demand in its data center business—which alone contributed $39.1 billion, or 88% of total sales. Even as U.S. export curbs hit shipments of its H20 AI chips to China, NVIDIA still pulled in $4.6 billion from those chips before the licensing kicked in.

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GameStop Buys $500M in Bitcoin Amid Renewed Crypto Momentum

GameStop has purchased 4,710 bitcoin worth over $500M, aligning its treasury strategy with crypto-friendly trends under Trump’s administration. As Bitcoin reaches new peaks, its surge mirrors the strategies of Tesla and Coinbase. Despite investor concerns over volatility, GameStop’s pivot aims to boost financials after declining sales post-Reddit-fueled stock surge. Political tensions around crypto continue to grow.

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WordPress Forms Dedicated AI Team to Drive Open Innovation

WordPress has launched a new AI Team to lead and unify artificial intelligence development across its ecosystem. The team aims to accelerate innovation through plugin-first experimentation, ensure responsible integration, and uphold WordPress values. Backed by contributors from Automattic, Google, and 10up, this move positions WordPress to shape AI in an open, community-driven way.

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Meta Reshapes AI Teams to Boost Product Rollout Amid Intense Competition

Meta is restructuring its AI division into two focused teams—AI Products and AGI Foundations—to speed up innovation. While no layoffs occurred, leadership shifts aim to boost efficiency. This move comes amid rising competition from OpenAI, Google, and ByteDance, as well as recent talent losses to rivals like Mistral.

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Salesforce Buys Informatica for $8B to Boost AI Data Infrastructure

Salesforce is acquiring Informatica for $8 billion to strengthen its AI and data capabilities. The deal, offering $25 per share, enhances tools like Agentforce, MuleSoft, and Tableau. This move follows Salesforce’s $1.9B acquisition of Own Company and marks a strategic push toward safer, enterprise-grade AI through deeper data governance and infrastructure integration.

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Mozilla Shuts Down Pocket: Top Alternatives for Save-It-Later Fans

Mozilla is discontinuing Pocket by October 8, 2025. Users must export saved content before then. Popular alternatives include Matter, Instapaper, Raindrop.io, Plinky, Readwise Reader, and more—offering features like AI assistance, Kindle sync, and advanced organization. Many offer migration tools and discounts to help Pocket users transition smoothly to a new read-it-later solution.

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Slikk Secured $10M Series A to Scale 60-Minute Fashion Delivery

Fashion delivery startup Slikk raised $10M in Series A funding led by Nexus Venture Partners, with Lightspeed doubling down. The Bengaluru-based platform will expand instant returns, new lifestyle categories, and urban reach. Known for 60-minute deliveries, Slikk aims to redefine fashion commerce with hyperlocal speed, curated experiences, and rapid refunds—positioning itself as the future of quick fashion.

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Amnic Shifted to AI with AWS-Backed Agentic AI Platform for Smarter Cloud Insights

SaaS startup Amnic, co-founded by former Ola execs, unveiled an agentic AI platform in collaboration with AWS. The tool delivers tailored cloud cost analytics, anomaly detection, and auto-generated reports—cutting report time from hours to minutes. Amnic AI enhances decision-making for CFOs and CTOs alike, with early beta feedback showing strong enterprise interest.

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Flipkart Announced 5,000 New Hires as It Doubled Down on AI, Fintech & Quick Commerce

At its May 26 townhall, Flipkart announced plans to hire 5,000 employees in 2025 to boost its quick commerce arm, fintech platform Super.money, and AI initiatives. Amid 20–25% growth and a push toward IPO readiness, Flipkart is also shifting legal domicile to India while tightening its cash burn to $250 million annually.

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Intel to Cut 20% of Jobs? Report Reveals Major Restructuring Under New CEO

Intel is set to lay off over 20% of its workforce this week as part of a major shakeup under new CEO Lip-Bu Tan. The move aims to cut bureaucracy, refocus on engineering, and help the struggling chipmaker compete with Nvidia. Tan’s strategy includes restructuring, spinning off non-core assets, and revamping Intel’s product and manufacturing approach.

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