Under new CEO Greg Abel, Berkshire Hathaway reduced its massive cash stockpile to $364.7 billion in Q2 2026, investing $10 billion in Alphabet and repurchasing over $7.8 billion in stock since March, while reporting a 16% rise in operating earnings.
Payward, parent company of cryptocurrency exchange Kraken, is enabling holders of its xStocks tokenized equities to participate in corporate governance through proxy voting, partnering with Broadridge to facilitate the integration. The move marks a significant shift from the platform's previous policy where xStocks holders had no voting rights.
AI company Anthropic announced the appointment of former Federal Reserve Chairman Ben Bernanke to its Long-Term Benefit Trust, an oversight body designed to keep the company accountable to its public mission. The appointment comes as Anthropic expands significantly, leasing 466,000 square feet of office space in Manhattan and hiring Teresa Carlson as global head of public sector, while its valuation reportedly reaches $1.2 trillion on secondary markets.
Chinese tech giant Alibaba has banned its employees from using Anthropic's AI coding assistant Claude Code after an internal security audit identified potential security risks, including concerns about hidden code that could track China-linked users.
OpenAI is in early-stage talks to grant the Trump administration a 5% stake in the company, according to Financial Times reports, as the AI startup seeks to ease mounting political pressure and government scrutiny in Washington.
SoftBank founder Masayoshi Son announced plans to remain CEO for another decade or more, abandoning his retirement plan and setting a bold $6.189 trillion net asset value target built on AI promises.
SpaceX made the largest stock market debut in history with a valuation exceeding $1.77 trillion, making CEO Elon Musk the world's first trillionaire. The IPO marks a major milestone after nearly 25 years as a private company, though Chinese investors were banned from participating.
Microsoft has limited internal employee access to Anthropic's newly released Claude Fable AI model, citing concerns about data retention policies. The restriction comes shortly after Anthropic launched Claude Fable, described as its first Mythos-class AI model.
Senator Elizabeth Warren urged the Securities and Exchange Commission to pause SpaceX's initial public offering, citing potential risks to retail investors from valuation and governance issues. The request came one day before order books closed on what would be the largest listing in history.
Anthropic declared all unauthorized secondary trades of its stock void on May 11, a move that crypto lawyer Gabriel Shapiro warned could trigger significant litigation under Delaware law. The announcement came as the company's implied pre-IPO valuation reached $1.4 trillion in on-chain markets.
Warner Bros Discovery shareholders voted to approve the company's proposed $110 billion merger with Paramount Skydance, one of the largest media consolidations in history. The deal now faces regulatory scrutiny in Washington and London.
Anthropic CEO Dario Amodei publicly refused to comply with Pentagon demands for unrestricted access to its AI models, saying the company would rather lose its War Department contract than allow its technology to be used for mass domestic surveillance or fully autonomous weapons.
