May 08, 2026

TechCrunch Top 3

Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high: CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support roles. Read More

US defense contractor who sold hacking tools to Russian broker ordered to pay $10M to former employers: Former cybersecurity executive Peter Williams stole several surveillance and hacking tools and sold them for $1.3 million to a Russian broker that works with Putin’s government. Read More

Uber partner Avride is under investigation for self-driving crashes: The National Highway Traffic Safety Administration has opened an investigation into Avride after identifying more than a dozen crashes and one minor injury. Read More

Disrupt 2026: Where deals and ideas ignite

Oct 13–15 at San Francisco's Moscone West, 10,000 founders, investors, and operators gather for high-signal insights, curated connections, and real momentum.

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Afternoon Must-Reads

Lime, the Uber-backed micromobility company, files for IPO: After years of hints and preparation, Lime plans to enter the public markets. The company intends to list on Nasdaq under the ticker symbol "LIME." Lime did not share terms of the offering. Read More

Intel's comeback story is even wilder than it seems: Intel's stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company's actual turnaround. Read More

The biggest US power grid is under strain from AI — and no one is happy: PJM Interconnection — which oversees the grid for some of the densest data center developments on Earth — wants to overhaul itself. Not everyone thinks it's up to the task. Read More

Pentagon releases UFO files on new website: The initial set of files housed on the site will include those containing unidentified anomalous phenomena (UAP) videos, photos, and original source documents from across the entire U.S. government. The materials have been reviewed for security purposes, but many have "not yet been analyzed for resolution of any anomalies," the Department's statement read. Read More

Mother Ventures is looking at moms as the 'economic engine': The VC firm, which focuses on mothers as consumers, raised a $10 million debut fund. Read More

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Last but Not Least

Airbnb says AI now writes 60% of its new code: Airbnb also said its customer support AI bot now handles 40% of issues without escalating to a human agent. Read More

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