May 13, 2026

TechCrunch Top 3

Geothermal startup Fervo Energy pops 33% in IPO debut fueled by AI data center demand: Fervo Energy's IPO was upsized several times after potential investors asked why the enhanced geothermal startup wasn't raising more money. Read More

Musk’s xAI is running nearly 50 gas turbines unchecked at its Mississippi data center: Gas turbines at xAI's Colossus 2 data center have drawn a lawsuit over the company's use of "mobile" gas turbines as power plants. Read More

Anthropic's Cat Wu says that, in the future, AI will anticipate your needs before you know what they are: The head of product for Claude Code and Cowork says that the next big step for AI is proactivity. Read More

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Afternoon Must-Reads

Anthropic courts a new kind of customer: small business owners: For founders and investors, Anthropic's new offering signals that the AI platform wars are expanding downmarket and that the next major battleground for user acquisition isn't the Fortune 500; it's the 36 million small businesses that make up the backbone of the U.S. economy. Read More

Instagram's new 'Instants' feature combines elements from Snapchat and BeReal: The feature lets users share disappearing photos with their Close Friends or mutual followers that can be viewed only once and remain available for 24 hours. Read More

Anduril raises $5B, doubles valuation to $61B: After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says. Read More

Ransomware hackers claim breach at Foxconn, a major electronics manufacturer for Apple, Google, and Nvidia: A ransomware group has claimed responsibility for hacking the electronics manufacturing giant Foxconn and is attempting to extort the company. Read More

Rivian spinoff Mind Robotics raises another $400M: Mind Robotics, which was first revealed in late 2025, has now raised more than $1 billion to date. Read More

Last but Not Least

Who trusts Sam Altman?: "I believe I am an honest and trustworthy businessperson," Altman testified in federal court. Read More

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