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AI & Enterprise

Cerebras IPO surge focuses Wall Street money on SpaceX and OpenAI

AI chip designer Cerebras Systems surged about 70 percent on its first day of trading, signalling renewed investor interest in U.S. technology IPOs. Its debut lifted its market value to about $95 billion, marking the biggest U.S. IPO this year and the largest tech listing since Uber in 2019. Analysts also see a widening concentration of capital on mega-sized candidates such as SpaceX, OpenAI and Anthropic, while non-AI software companies face weaker demand.

AI & Enterprise

AI-driven layoffs spread as Big Tech shaken by new AI job categories

Hiring in the U.S. tech industry is shifting as artificial intelligence spreads, with companies restructuring jobs around AI and creating new roles. While more firms cite AI as they cut staff, others are hiring to deploy and run generative AI and expand its internal use. New postings include AI communications, on-site engineers, internal AI rollout roles, ethics and safety positions for philosophers, gig-style training work, vibe-coding jobs and executive posts such as chief AI officer.

AI & Enterprise

Lulumedic launches AWS-based medical mydata platform, deploys healthcare LLM

Lulumedic said on May 18 it has built its AI and cloud-based next-generation medical mydata service on Amazon Web Services. It cited rising demand in South Korea for patients to consolidate and manage dispersed medical records. The company said security concerns and strict compliance requirements have hindered AI adoption. It said it uses an isolated network within the AWS Seoul Region and deploys a healthcare-focused large language model trained on SageMaker AI, with inference run on Amazon EC2.