Latest in Tech: May 15 (5 stories)

Here is your Daily summary for Technology across the world for Fri 15th May 2026

Cerebras Technologies made headlines with a remarkable IPO, raising $5.5 billion and boosting CEO Andrew Feldman's net worth to $3.2 billion, marking the largest tech IPO of 2026. This success underscores the growing investor confidence in AI technologies, setting a positive tone for the year ahead.

In related news, Applied Materials reported a significant sales forecast increase driven by surging demand for AI computing and memory chips, highlighting the industry's shift towards AI-centric solutions. Meanwhile, Cisco's stock soared after it announced a better-than-expected sales outlook and job cuts aimed at refocusing on AI, reflecting a broader trend among tech companies to streamline operations in response to market demands.