May Tech Roundup: AI Micro-Dramas, Layoffs & SpaceX

A wild month for tech. What comes next?

Ollie Forsyth

May 29, 2026

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Hey readers!

Welcome back to your regular tech digest — a quick snapshot of the most important tech news from the past few weeks.

This edition breaks things down into:

🗝️ Key trends: AI Micro-Dramas
🔍 Top tech news
💰 Startup funding highlights
👀 New VC funds
🤝 Acquisitions
🎤 Must-watch interviews

and more… let’s dive in.

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🗝️ Key trends: AI Micro-Dramas

There’s been a frenzy on X this past week around AI micro-dramas — short-form, AI-generated stories built purely for entertainment. These dramas are already massive in China and are now gaining traction in Western markets.

One viral example this week was a post about Dario Amodei, co-founder of Anthropic, developing feelings for someone he meets at Stanford. It’s already pulled in millions of views.

If this trend continues, it won’t replace Netflix or creators — it’ll simply become another layer of entertainment we consume.

Watch the Anthropic drama and join the discussion on the latest trend.

🔍 Top tech news

Layoffs are happening rapidly! Meta just laid off 8,000 employees, Wix, ClickUp, and Cloudflare are also announcing major layoffs. Additional layoffs come from the likes of Webflow, Groupon, Intuit, Cisco, and ZoomInfo — all of which have taken place in the past few weeks.

In other news:

Anthropic raised $65B in Series H funding at a $965B post-money valuation, led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia ahead of its IPO.
SpaceX is due to go public in the coming weeks!
South Korean chip giant, SK Hynix joined the $1 trillion market cap club.
Cognition raised $1B at a $26B valuation.
Oura unveiled its Ring 5 with a thinner, lighter design starting at $399.
Ferrari launched its first EV.

💰 Startup funding highlights

Insurance startup Corgi raised another $106M at a $2.6B valuation since announcing their last round three weeks ago.
Glean surpassed $300M ARR, just five months after crossing $200M and growing ~3x over the past 15 months.
Amazon fulfillment competitor Stord raised $250M at a $3B valuation.
Triomics raised $22M to bring oncology-specific AI to cancer centers.
Stilta raised $10.5M from a16z and YC to help companies rediscover the patents they forgot they had.
Marketing operating system Nectar Social raised $30M Series A led by Menlo Ventures.
Health companion Lucis raised $20M Series A led by General Catalyst.
Legal AI startup Lexroom raised $50M Series B led by Left Lane Capital.
Upskilling talent platform Multiverse, founded by Euan Blair, raised $70M Series E.

👀 New VC funds

Convective Capital raised an $85M fund to build disaster resilience
Meridian Ventures launched a $35M fund with a focus on MBA-deferred founders
A*, founded by Eventbrite founder Kevin Hartz, just closed its third fund with $450M.
European fund byFounders raised an oversubscribed €130m+ Fund III.