Anduril Industries Doubles Valuation to $61 Billion in $5 Billion Series H Funding Round

• London-based startup Fractile raised $220 million in a Series funding round led by Accel, Factorial Funds, and Founders Fund to develop specialized AI chips for inference acceleration. • Founded in 2022 by Oxford researcher Walter Goodwin, Fractile is building hardware architectures designed to increase inference performance from 40 tokens per second to approximately 1,200 tokens per second.

• RISC-V pioneer SiFive raised $400 million in an oversubscribed Series G funding round led by Atreides Management with backing from Nvidia, valuing the company at $3.65 billion. • The funding enables SiFive to expand into AI data centre CPUs through Nvidia's NVLink Fusion ecosystem, positioning the company to compete in high-performance AI infrastructure.

• North Korean state-sponsored hackers are deploying AI tools to scan and exploit cybersecurity blind spots in target networks, according to a new Google cybersecurity report. • The report details how these actors use generative AI for reconnaissance, automating vulnerability discovery at scale beyond traditional manual methods.

• Bucharest-based DesignVerse, an AI-driven startup modernizing aviation infrastructure software, secured €4.6 million ($5.5 million) in seed funding. • The funding follows a successful software upgrade project with EUROCONTROL, Europe's air traffic management organization, enhancing enterprise tools across the continent.

• Major tech companies are investing trillions of dollars in infrastructure to develop and run generative AI models, showing signs of a speculative bubble, warns a new Open Markets Institute report by fellow Matthew Sherer. • The report identifies hallmarks of dangerous financial bubbles in the AI boom and calls on policymakers to resist future bailout demands for failing firms.

• Shanghai unveiled an AI-powered aviation science fiction theme park in its Lingang New Area, opening to media on Monday, centered on China's Nantianmen Project for immersive aerospace experiences. • The park features interactive exhibits simulating moon landings, hypersonic flight, dual-mode propulsion, metamaterial stealth, directed-energy weapons, and AI decision-making, with a full-scale 'Baidi' sci-fi fighter jet model for pre-flight simulations.

• Many telecom operators and businesses in emerging markets remain vulnerable to persistent AI-enabled cyber attacks despite increased 5G era cybersecurity vigilance and standard defensive measures. • Recent high-profile incidents including CloudFlare breaches demonstrate that even major infrastructure providers struggle against the evolving threat landscape as AI enables cyber threats to mutate beyond established legacy defenses.

• The International Monetary Fund (IMF) issued a May 7, 2026 alert on growing dangers to global financial stability from artificial intelligence, warning that AI is simultaneously empowering both defensive and offensive cyber capabilities. • Advanced AI models now dramatically reduce the time and cost required to uncover and exploit system vulnerabilities, enabling faster and more widespread attacks that could cascade across interconnected financial markets and infrastructure.

• London-based Recursive Superintelligence, founded in 2025 by former leaders from OpenAI, Google DeepMind, Meta AI, and Uber AI, has raised $650 million at a $4.65 billion valuation in a round led by GV and Greycroft with participation from AMD Ventures and NVIDIA. • The startup's core technology approach focuses on automating the AI research process itself, developing systems capable of improving their own architecture, training methods, and evaluation processes without continuous human oversight.

• South Korea is preparing new measures to counter AI-powered cyberattacks after concerns raised by Anthropic’s Claude Mythos Preview, according to a May 13 cybersecurity roundup. • The reported policy response reflects rising fears that advanced AI tools could lower the barrier for phishing, malware development, and automated intrusion attempts.

• Uber’s India data-centre bet is being framed as part of a broader tech and cost strategy, with the company weighing infrastructure choices as AI-driven risk rises. • The coverage notes that about 90% of advanced AI users are trimming some form of business process outsourcing spend, underscoring how automation is reshaping enterprise budgets.