[5/10 17:00] NVIDIA stock jumps 8.4% on IREN Corning AI infrastructure alliances / Apple $250M settlement over iPhone AI features

This is the AI News Flash for May 10th, 5pm UTC First up, NVIDIA stock surges 8.4% on new AI infrastructure alliances with IREN and Corning Simply Wall Street reports, NVIDIA announced multi-year strategic partnerships with IREN for large-scale AI data center power supply and with Corning for optical fiber interconnect technology AI data center bandwidth demand explodes as copper wiring hits physical limits driving silicon photonics adoption NVIDIA's optical interconnect strategy enters full execution mode A hyperscaler, for company, $725 billion 2026 capex continues NVIDIA accelerates beyond GPUs to full-stack AI infrastructure dominance, expanding optical partnerships alongside Lumentum and Coherent Second, Apple agrees to $250 million settlement over class action claims it overhyped iPhone AI features Top Class Actions reports the settlement covers WWDC 2024 announced Apple intelligence features, particularly personalized Siri, that were not delivered as promised, allegedly deceiving iPhone purchasers Millions of users eligible AI marketing consumer protection legal precedent established Gemini integrated Siri overhaul advancing in iOS 26.4 Gap between AI feature announcements and shipping creates legal risk exposure Apple lags in AI strategy versus Google perplexity and anthropic consumer expectation management failure carries cost Industry-wide warning on AI hype cycles Cloudflare stock plummets 23% after announcing AI-driven layoffs The Street reports the restructuring focuses on AI automation Concentrating senior engineers while shrinking entry-level roles Symbolic case in tech industry's AI layoff wave Block 4000, Salesforce 4000, HSBC 20,000, Morgan Stanley 2500 join Cloudflare Tech and finance workforce structures undergo fundamental restructuring Meanwhile, AI development productivity surges, senior engineer demand spikes Gen Z's 60% skilled trade preference contradicts white-collar fears Labor market polarization deepens Fourth, TechCrunch publishes critical analysis casting cynical view on XAI Anthropic massive compute deal Musk's XAI and Amidaze Anthropic Until recently fierce rivals struck the AI industry's largest compute partnership The dramatic pivot to strategic alliance shocks observers TechCrunch flags circular trading concerns drawing parallels to NVIDIA, OpenAI, and AMD mutual investment purchase chains Worries about growth without real demand illusions resurface Michael Burry warns of AI bubble IMF flags private credit AI capex overheating risks Institutional investors watch circular trading as key theme Critical test of AI investment sustainability Fifth, no researches Hermes agent claims top spot on open router global rankings Mark Techpost reports new generation self-improving AI agent comparative analysis with OpenClaw shows Hermes equipped with autonomous capability enhancement mechanism leading reasoning task benchmarks OpenAI AI agents rapidly evolve challenging open AI and anthropic Developer community adoption expands Agentic AI democratization accelerates Hermes counters commercial agent market dominated by cloud code cursor and codex Open source camp surges AI development infrastructure landscape undergoing realignment That's all for this AI news flash That's all for this AI news flash