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

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

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

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

r/WallStreetBets really hates the SEC's proposal to weaken quarterly reporting: The retail trading subreddit submitted the sharpest criticism yet of the financial regulator's idea of letting companies report twice per year. Read More

Last but Not Least

Poppy debuts a proactive AI assistant to help organize your digital life: Poppy is an AI-powered app that connects your calendar, email, messages, and other services to surface reminders, suggestions, and tasks based on what’s happening in your life. Read More