May 2026

Cerebras IPO Creates Billions for CEO Andrew Feldman and Early A.I. Chip Backers

Cerebras Systems didn’t just go public this week; it minted billionaires and delivered one of the biggest venture paydays in years. The A.I. chip startup priced its IPO at $185 a share on Wednesday (May 13), above a range it had already raised twice. Shares opened at $350 on Thursday and closed at $311.07, valuing […]

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Hopes Fading for Metro-North Service at New Bronx Stations by Next Year

The MTA’s hopes of offering limited Metro-North service at new stations in the East Bronx as soon as next year appear to be dwindling, officials confirmed Friday. The regional transportation authority had floated the alternative last October as part of a plan to jump start Penn Station Access, the $2.9 billion megaproject to eventually extend

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Independent Opens With Solo Presentations, Early Sales and (Most Importantly) Breathing Room

Independent opened yesterday (May 14) in a new location in Lower Manhattan’s Pier 36, which is much less central and less immediately connected than Tribeca, but still worth the trip for the quality of its presentations. The larger space allowed the fair’s thoughtful selections to breathe, which matters more than you might think in a

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Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Mark Rothko painting displayed on the wall and bidding information shown on a screen.” width=”970″ height=”647″ data-caption=’Sotheby&#8217;s kickoff sales achieved a combined total of $433.1 million, led by Robert Mnuchin&#8217;s $85.8 million Rothko. <span class=”lazyload media-credit”>Julian Cassady Photography / Ali</span>’> Coinciding with several art fair openings, Sotheby’s kicked off a May auction round in New

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