Geothermal startup Fervo Energy pops 33% in IPO debut fueled by AI data center demand

Plus more of TechCrunch's top stories this afternoon

View this email online in your browser  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 Disrupt 2026: Where deals and ideas ignite Oct 13–15 at San Francisco's Moscone West, 10,000 founders, investors, and operators gather for high-signal insights, curated connections, and real momentum. Register Now! A message from Alumni Ventures Invest in High-Potential Startups Like Quince, Bluesky, and Daydream Alumni Ventures (AV) is offering readers early access to high-growth startup opportunities, including some of today’s most exciting Next Gen Consumer startups like Quince, Bluesky, and Daydream. AV co-invests alongside top VC firms including Andreessen Horowitz (a16z), Forerunner, & Khosla. No cost to see deals. No obligation to invest. Don’t miss your chance before access closes. Join Alumni Ventures Next Gen Consumer Syndicate Today! Register Free Here Afternoon Must-Reads 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 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 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 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 Introducing the 6 stages at TechCrunch Disrupt 2026 — built for today’s tougher startup market: From October 13-15, TechCrunch Disrupt 2026 will feature 200+ sessions across six stages, led by 250+ tech leaders shaping the industry today. Register now to save up to $410, plus 50% off a second pass. Read More Last but Not Least 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 Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2026 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107

r/WallStreetBets really hates the SEC's proposal to weaken quarterly reporting

Plus more of TechCrunch's top stories to start your morning

View this email online in your browser  May 13, 2026 TechCrunch Top 3 r/WallStreetBets really hates the SEC's proposal to weaken quarterly reporting: The retail trading subreddit submitted the sharpest criticism yet in response to the financial regulator's idea of letting companies report twice per year. Read More Introducing the 6 stages at TechCrunch Disrupt 2026 — built for today’s tougher startup market: From October 13-15, TechCrunch Disrupt 2026 will feature 200+ sessions across six stages, led by 250+ tech leaders shaping the industry today. Register now to save up to $410, plus 50% off a second pass. Read More Potholes cost cities millions: This company is using AI and trucks to fix them: Fleet management company Samsara has developed an AI model to detect different kinds of potholes and gauge how fast they're deteriorating. Read More Disrupt 2026: Where deals and ideas ignite Oct 13–15 at San Francisco's Moscone West, 10,000 founders, investors, and operators gather for high-signal insights, curated connections, and real momentum. Register Now! A message from Deck AI agents that use software the way you do Deck operates your existing tools like an employee would — logging in, navigating, getting the job done. No rebuild required. If a human can use it, Deck can too. Try It Free Morning Must-Reads Anthropic warns investors against secondary platforms offering access to its shares: "Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, offered by these firms is void and will not be recognized on our books and records," the company's support page reads. Read More Medicare's new payment model is built for AI, and most of the tech world has no idea: There is no governmental mechanism to pay for an AI agent that monitors a patient between visits, calls to check in, coordinates a housing referral, or makes sure someone picks up their medication. ACCESS creates that mechanism for the first time. Read More Anthropic now has more business customers than OpenAI, according to Ramp data: For the first time, Anthropic has more verified business customers than OpenAI, according to this month’s AI Index from the fintech firm Ramp.  Read More Former Tesla exec and Heron Power CEO Drew Baglino has founded a heat pump startup: Sadi Thermal Machines is Drew Baglino's second startup since leaving Tesla in 2024. Read More 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 A message from Fidelity Your Pitch Isn’t the Only Thing Investors Are Evaluating.   Investors don’t just listen to what you say - they look at how your company operates. Is ownership clear? Do your numbers match your story? Can you answer follow-up questions without digging through spreadsheets? The Fundraise-Ready Startup Kit equips founders with the materials investors expect to see, before pressure is on. Because confidence in the room doesn’t come from slides. It comes from preparation.  Learn More Last but Not Least US lawmakers demand answers from Instructure after Canvas data breaches: U.S. House lawmakers want to know how hackers broke into education tech giant Instructure twice, and stole reams of data from students who use the company's flagship student data software Canvas. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2026 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107