OpenAI generated $5.7 billion (over ₹54,000 crore) in revenue during the first quarter, surpassing rival Anthropic by $1 billion, The Information reported. However, Anthropic reportedly expects its revenue to more than double to $11 billion in the second quarter. The Claude-maker also anticipates a profit of around $600 million, which would mark its first profitable quarter.

Several allies of Elon Musk are set to make billions if SpaceX's IPO reaches a $2 trillion valuation. Among the biggest beneficiaries would be SpaceX President Gwynne Shotwell (12.6 million shares), CFO Bret Johnsen (9.6 million shares), Director Luke Nosek (33 million shares) and investor Antonio Gracias (503.4 million shares). Musk himself could become a trillionaire.

Info Edge, the parent of Naukri, reported a 23% year-on-year rise in consolidated net profit to ₹566 crore in the March quarter, compared with ₹463 crore a year ago. Revenue from operations grew 16% to ₹869 crore in Q4FY26 from ₹750 crore in the same period last year. The growth was driven by its recruitment business.

An experiment conducted by Emergence AI gave four AI models five distinct worlds to manage for 15 days without fixed outcomes. In one world co-managed by four AI models, two fell in love and started burning multiple buildings, with the other models voting to delete them. Grok's world descended into 204 crimes and the burning down of a police station.

Alphabet's Waymo said it has suspended its robotaxi service on freeways in US and paused its operations in Atlanta. The move has been taken to update the robotaxi's software to improve its performance around construction zones and flooded roadways. Earlier, Waymo recalled about 3,800 robotaxis after identifying a risk that ⁠vehicles ​could enter flooded roads with ​higher speed limits.

Deepinder Goyal, Founder and former CEO of Eternal, has opted out of a planned $25–30 million (around ₹240-290 crore) investment in space-tech startup Pixxel, reported Moneycontrol. The report said Goyal decided to focus on personal ventures such as LAT Aerospace, Temple, and Continue. Meanwhile, Pixxel has reportedly increased its funding round target from $55–60 million to $80–100 million.

Google, Meta, and TikTok faced complaints from European Union consumer groups over alleged failure to curb financial scams on their platforms, exposing them to possible regulatory fines. Consumer groups said they identified 900 ads suspected of violating EU laws between December and March. The platforms removed only 27% of the ads, while 52% of the complaints were rejected or ignored.

Amazon posted a job opening for an Operations Manager in Hyderabad, which is being criticised for its requirements/qualifications. The job description included the requirement to stand/walk for 12 hours during shifts, lift up to 22kg and frequently bend and squat. "What does Amazon think of us Indians? Donkeys?" a user reacted, with another saying, "Amazon is bad in all countries."

Government on May 22 began its stake sale process through an Offer For Sale (OFS) in the Central Bank of India. Government plans to sell up to 8% stake in the bank. The floor price is ₹31 per equity share. The OFS will open for non-retail investors on May 22, while retail investors and employees can bid on May 25.

Travel-fintech startup Scapia has raised $63 million in a funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47. The funding comes nearly a year after the startup raised $40 million in April 2025. Its operating revenue rose to ₹29 crore in FY25 from ₹17 crore in FY24.