Latest in Tech: May 14 (5 stories)

Here is your Daily summary for Technology across the world for Thu 14th May 2026

Cisco Systems has exceeded sales forecasts for its fourth quarter but plans to cut 5% of its workforce to sharpen its focus on the burgeoning AI market. This strategic shift highlights the company's commitment to adapting to industry demands, even as it faces the challenge of job reductions.

In the semiconductor sector, AI chipmaker Cerebras Systems is set to price its IPO at $185 per share, capitalizing on the escalating demand for advanced chips. This move signals a growing interest in AI technologies and their critical role in the tech landscape.

Meanwhile, Microsoft has invested over $100 billion in its partnership with OpenAI, reinforcing its pivotal position in the AI ecosystem. This substantial financial commitment underscores the tech giant's long-term vision for AI integration across its products.

Additionally, Rivian's spinoff, Mind Robotics, has successfully raised another $400 million, bringing its total funding to over $1 billion. This influx of capital reflects strong investor confidence in robotics and AI-driven innovations, positioning Mind Robotics as a key player in the evolving tech industry.