Kodiak AI raises $100M at a steep discount, sending its stock tumbling 37%

techcrunch.com May 8, 2026

Kodiak AI raises $100M at a steep discount, sending its stock tumbling 37%

Curated by Shubham · TechCapsules · May 8, 2026

AI-summarised brief · reviewed before publication

Kodiak AI's stock plummeted 37% after the company raised $100 million at a discounted share price of $6.50, below its closing price of $9.10. The funding, provided by existing backer Ares Management and institutional investors, will aid in scaling its self-driving trucks business. Kodiak reported revenue of $1.8 million and a loss of $37.8 million in the first quarter, indicating rapid cash burn. The company has made progress with new contracts and partnerships.

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Nearly half of American adults now use AI, but concerns are also…

New research by the Pew Research Center reveals that nearly half of American adults (49%) now use AI chatbots, such as ChatGPT or Gemini, marking a significant increase from last year's 33%. Americans are using AI for various tasks, including researching information, handling work tasks, and entertainment. ChatGPT dominates the U.S. AI market, with 44% of respondents using the OpenAI chatbot. However, concerns about AI's impact on society and data security remain high, with 40% believing AI will be more harmful than beneficial and 71% expecting AI to make their personal information less secure.

💡 Growing AI adoption raises questions about accountability and regulation, as Americans lack confidence in both the government and AI companies to develop and use these tools responsibly. The widespread skepticism about AI's impact on society highlights the need for more transparent and effective regulation to address concerns about data security and societal benefits.

appleinsider.com · Jun 18

Apple’s AI agents in Xcode 27 make vibe coding easier

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teslarati.com · Jun 18

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androidcentral.com · Jun 18

I barely use Gemini’s default chatbot after trying the new Gemini Live…

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