Cerebras Priced Above $160 With Three-Quarters of Its Revenue in Two Gulf Entities
Cerebras priced its IPO above $160 Wednesday night, 20x oversubscribed — and 86% of its 2025 revenue came from two UAE entities the S-1 buried in a risk factor.
Theo Kaplan
Bureau: San Francisco
Altman Said Musk Demanded 90 Percent — Closing Arguments Are Thursday
Sam Altman testified under oath that Musk demanded 90% of OpenAI equity at founding; two incompatible creation stories are now on record as the trial closes Thursday.
Berkshire 13F Is Due Thursday — Apple Is the Position to Watch
Berkshire Hathaway's Q1 2026 13F filing is due Thursday May 15, the first under Greg Abel's operational leadership.
Waymo Recalled 3,800 Vehicles After One Drove Into Flood Water It Had Already Flagged
NHTSA filed a recall May 12 after a Waymo robotaxi in San Antonio slowed to flag flood water on April 20, then drove into it anyway and was swept into a creek.
Vercel's Breach Was a Supply Chain Attack — and the Paper Had Its Phase Wrong
Vercel disclosed publicly on April 19-20, via its knowledge base and TechCrunch, that a Context.ai supply chain attack exposed customer environment variables.
Cerebras Prices Above $160 and Debuts as CBRS on Nasdaq Thursday
Cerebras priced its IPO above $160 on 20x oversubscription; CBRS starts trading on Nasdaq Thursday morning.
OpenAI Holds Warrants on 33 Million Cerebras Shares Under Its $10 Billion Compute Deal
The Cerebras S-1 discloses OpenAI warrants on 33 million-plus shares tied to a $10 billion multi-year compute agreement with termination clauses.
Closing Arguments in the Musk-Altman Trial Are Thursday Morning
Altman testified under oath that Musk demanded 90 percent of OpenAI at founding — closing arguments reach the jury Thursday morning.
Vercel Found a Second Breach Wave Unrelated to the Context AI Attack
Vercel's expanded investigation turned up a separate set of compromised accounts predating the April Context.ai supply chain attack.
Aramco's Sell-Side Has Not Adopted the 2027 Normalization Horizon
Two days after Nasser named 2027, no major bank or analyst has written a note that adopts his timeline — the sell-side is still speaking in volatility, not in years.
Berkshire Files Its 13F on Thursday — the Apple Position Is What Changes Abel's Story
Berkshire's Q1 2026 13F is due Thursday — Greg Abel's first as CEO — and the Apple stake is the number that will define how the market reads the post-Buffett portfolio.
Waymo Says the Vehicle Recognized the Flood — the Override Did Not Respond
The Waymo that drove into standing water had already slowed to detect the flood — then overrode itself and kept going anyway.