The U.S. SEC says it sued Texas entrepreneur Nathan Fuller after he allegedly raised $12.3 million from roughly 150 investors by marketing an “AI” crypto-arbitrage bot strategy that did not exist. The complaint says the fundraising ran from at least October 2022 through mid-2024, with only about $380,000 used to buy crypto and at least $6.2 million allegedly diverted for personal spending.

On May 31, NVIDIA said it has moved its 88-core Vera CPU into full production, framing it as a data-center processor built specifically for AI agent workloads. The company listed OpenAI, Anthropic, Oracle Cloud Infrastructure, ByteDance, SpaceXAI, and CoreWeave as early adopters planning deployments, and claimed Vera can reach up to 1.8x the performance of x86 CPUs on agentic AI tasks.

International Business Machines Corp. (NYSE: IBM) has shattered its quiet enterprise narrative, emerging as the focal point of a massive tech rally. Following a breathtaking late-May surge that saw shares jump as much as 12.7% in a single session to touch $301, IBM closed the final week of May at $297.80, posting a cumulative weekly gain of roughly 13%.

On May 26, 2026, Spain’s Council of Ministers approved an organic law on AI governance, positioning Spain as the first EU country to turn the EU AI Act into binding national implementation rules. The measure sets out local supervision and procedures and includes practical guidance aimed at small and medium-sized enterprises, as the EU AI Act rolls out obligations in phases and allows member states to define enforcement details.

Anthropic completed a $65 billion Series H on May 28, 2026, setting a $965 billion post-money valuation and moving ahead of OpenAI's $852 billion mark. The company reported an annualized revenue run rate above $47 billion in May 2026, up from $30 billion in February. The round was co-led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.

Enterprise AI is proving significantly more expensive than many companies expected, pushing CFOs to weigh increased token spend against future hiring plans. CEOs at Glean and Factory AI say Fortune 500 buyers are shifting from indiscriminate usage to tighter model selection, as annual AI budgets are being used up in just one or two months.

Between May 26–28, 2026, NEAR Protocol rose 15%, Worldcoin (WLD) gained 17%, and Render (RNDR) climbed 15% even as Bitcoin fell 7.8% and Ethereum dropped 9.4%. The move came during a risk-off stretch that included $897 million in long liquidations and a Fear & Greed Index reading of 33. The article argues AI-linked tokens are increasingly trading as their own sub-sector, supported by adoption narratives and the $11.78 billion AI agent market estimate for 2026.

On May 29, Japan's Datasection said its TAIZA enterprise AI platform has integrated OpenAI's API under a controlled deployment model that routes requests through Datasection's software layer instead of directly calling OpenAI cloud endpoints. The company reported operating more than 20,000 GPUs across Japan, Australia, and Thailand, and its Tokyo-listed shares rose nearly 20% to 6,140 yen after the announcement.