This is an abridged version of Business Insider Today, a newsletter highlighting the week’s top stories. Sign up here to receive Business Insider Today’s top stories in markets, technology and business in your inbox every day.
Welcome to Sunday Edition. We’ve compiled some of our top stories and brought them to your newsroom. I’m a Millennial, but I apparently spend my money like a Gen Xer. what about you? Please answer the quiz Find out if your spending is the same as other generations, or if your wallet belongs to another generation.
AI’s COVID-19 Shutdown Moment
On Wednesday, March 11, 2020, everything changed. The World Health Organization has declared COVID-19 a pandemic, the Dow Jones has officially entered a bear market, and President Donald Trump has banned travel to Europe.
Let’s move on to next Wednesday. This time, on May 20, 2026, BI’s Zach Jason experienced deja vu. Between SpaceX and OpenAI IPO news, Meta’s mass layoffs, and more, AI’s “everything changed” moment has officially arrived.
A new world has been born.
S-1 filing is not typically something most people enjoy tackling. But then again, SpaceX is not your typical company.
Elon Musk’s rocket company’s IPO documents are filled with outlandish photos and references to science fiction. From its references to Kardashev Type II (IYKYK) to its mission outline to “extend the light of consciousness to the stars,” SpaceX’s S-1 reads more like an Isaac Asimov novel than the paperwork for what is expected to be a record-breaking IPO.
Ground control to Major Elon.
In an email sent to laid-off Meta employees, the tech giant directly tied the cuts to the need to offset other investments. In other words, your layoff could be helping your employer pay for AI.
It’s rare for a technology company to be so candid about the impact of big investments on staffing. The Georgetown professor said this highlights a new level of bluntness and reflects the dominance of corporations in the labor market.
say the quiet parts out loud.
Tomorrow’s tech giants, today
In the AI boom, the definition of the “seed period” has changed significantly. That may mean competing for equity in a startup before there is much product, revenue, or company. Early-stage investors take on more risk.
Now in its sixth year, BI has identified 100 investors with a talent for finding the next big company before much of the world knows it exists. Seed 100 was an early company for some of the most popular companies in the technology industry, including OpenAI and Anthropic.
Introducing this year’s 100 seeds.
Here’s more on this week’s top stories:
Curated by Jamie Heller and edited by Lisa Ryan, Akin Oedele, Grace Lett, and Amanda Yen.
This is a shortened version of our flagship newsletter. We bring you in-depth analysis and summaries of the top stories from Wall Street to Silicon Valley.
Sign up here to get the full story of Business Insider Today delivered to your inbox every day.
