AI News for May 21, 2026 — 7min.ai

[NEWS] SpaceX S-1 reveals $18.7B revenue, 85% Musk voting control, and first look at xAI books: SpaceX's filed S-1 discloses the company's finances publicly for the first time: $18.7B in 2025 revenue (33% YoY growth), a $4.9B net loss, $20.7B in capex, and a $41.3B accumulated deficit.
[NEWS] Nvidia posts record $81.6B quarter, projects $91B for Q2 as Blackwell ramps: Nvidia reported $81.6B in Q1 FY27 revenue (up 20% sequentially), $75.2B in data center revenue, and EPS of $1.87, all beating estimates.
[NEWS] OpenAI to file confidential IPO paperwork within days, targets September listing: OpenAI is preparing to confidentially file its IPO prospectus as soon as Friday and is aiming for a September public debut, sources told the Wall Street Journal.
[NEWS] Anthropic to pay SpaceX/xAI $1.25B per month for compute through 2029: Anthropic will pay Elon Musk's company $1.25B a month, roughly $45B over three years, to rent compute from xAI's Colossus and Colossus 2 data centers near Memphis.
[NEWS] Anthropic on pace for first profitable quarter as revenue doubles to $10.9B: Anthropic told investors it will more than double Q2 revenue to roughly $10.9B and post its first operating profit, according to materials shared during a recent funding round.
[RESEARCH] OpenAI's new reasoning model disproves 80-year Erdős conjecture in discrete geometry: OpenAI says a new general-purpose reasoning model produced an original mathematical proof disproving a unit-distance graph conjecture posed by Paul Erdős in 1946.
[NEWS] GitHub confirms 3,800 internal repos stolen via poisoned VS Code extension: GitHub confirmed a poisoned VS Code extension installed on an employee's device gave attackers access to roughly 3,800 internal repositories.
[NEWS] Intuit lays off 3,000 employees, 17% of staff, in AI restructuring: Intuit is cutting roughly 17% of its workforce, about 3,000 of 18,200 employees, to reallocate resources toward embedding AI across TurboTax, QuickBooks, and Credit Karma, per an internal memo from CEO Sasan Goodarzi.
[NEWS] xAI burned $6.4B in 2025, plans Grok at 'multiple trillions of parameters': xAI lost $6.4B from operations on $3.2B in revenue in 2025, with capex hitting $7.7B in Q1 2026 alone, per the SpaceX S-1.
[RESEARCH] Cohere releases Command A+, its first model under Apache 2.0 with lossless quantization: Cohere released Command A+, a 218B-parameter sparse Mixture-of-Experts model (25B active per step) with full Apache 2.0 weights on Hugging Face, a first for the company.

About 7min.ai · Subscribe to newsletter