TechCrunch Top 3

OpenAI is reportedly preparing legal action against Apple; it wouldn't be the first partner to feel burned: According to Bloomberg, OpenAI has enlisted an outside law firm to work through its options. Read More

Clawdmeter turns your Claude Code usage stats into a tiny desktop dashboard: A new open source gadget called Clawdmeter turns Claude Code usage stats into a tiny desktop dashboard for AI coding power users. Read More

Elon Musk's SpaceXAI has been bleeding staff since its merger: More than 50 employees have reportedly left Elon Musk’s newly merged SpaceXAI since February, raising questions about burnout, leadership changes, talent poaching, and whether liquidity events weakened retention incentives. Read More

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Afternoon Must-Reads

Khosla Ventures is betting $10M on Ian Crosby, whose first startup, Bench, imploded: Crosby is building Synthetic, a fully autonomous AI bookkeeping service for other startups. Read More

Cerebras raises $5.5B, then stock pops $108%, in the first huge tech IPO of 2026: A year ago, it looked like this day would never happen for Cerebras. Read More

How to turn off Instagram's new Instants feature and retract photos you accidentally shared: While the Meta-owned social network billed Instants as a new format to share real-life moments as they’re happening, many users are looking for a way to turn off the feature, especially those who have accidentally sent images to others, not fully understanding how the feature works. Read More

OpenAI says hackers stole some data after latest code security issue: OpenAI said the damage was limited to the employees’ devices and did not affect user data nor its production systems, and none of its intellectual property was stolen. Read More

Two weeks left: Startup Battlefield 200 applications close May 27: Your shot at VC access, global visibility, TechCrunch coverage, and $100K equity-free funding is running out. Deadline to apply is May 27. Apply now. Read More

Last but Not Least

Cisco cuts nearly 4,000 jobs to spend more on AI, reports 'record quarterly revenue': This is Cisco's latest layoff in recent years, while the company's chief executive touts record revenue and growth. Read More