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Bloomberg:

California Gov. Gavin Newsom proposes a new 7.25% tax on web-based software sales, targeting $1.1B in state and local tax revenue in the upcoming budget year

Tanaya Macheel / CNBC:

Gemini reports Q1 revenue up 42% YoY to $50.3M, vs. $47.9M est., announces a $100M capital injection from Winklevoss Capital Fund; GEMI jumps 22%+ after hours

CJ Haddad / CNBC:

Cerebras co-founders CEO Andrew Feldman and CTO Sean Lie own stakes worth $3.2B and $1.7B, respectively, representing about 5.5% and 3% of the company

Zac Hall / 9to5Mac:

OpenAI adds remote access to Codex in the ChatGPT mobile app, letting users control Codex sessions running on a connected computer directly from a phone

Zaheer Kachwala / Reuters:

Figma reports Q1 revenue up 46% YoY to $333.4M, vs. $313.2M est., and forecasts Q2 revenue above estimates, citing AI monetization; FIG jumps 8%+ after hours

Natasha Mascarenhas / Bloomberg:

Joshua Kushner's Thrive Capital told its stakeholders that it has invested ~$100M in Shopify, framed as a bet on how AI could lead to gains in commerce

Tom Warren / The Verge:

Microsoft plans to remove most of its Claude Code licenses and push its developers toward GitHub Copilot CLI, after previously pushing Claude Code

Bloomberg:

The Senate Banking Committee advances the Clarity Act, which would make CFTC the primary regulator for most digital assets while SEC oversees digital securities

Theo Wayt / The Information:

50+ researchers and engineers have left xAI since the SpaceX acquisition via layoffs, firings, and voluntary departures; many have joined Meta and TML

@mingchikuo:

Intel has begun testing production of "low-end/legacy iPhone, iPad, and Mac processors"; Apple thinks TSMC's resources will continue tilting toward AI

Christian Davies / Financial Times:

Ford stock jumped as much as 25% in two days after the launch of Ford Energy, a new subsidiary providing battery storage capacity to AI data centers

Matt Levine / Bloomberg:

A look at GameStop's takeover bid for eBay, a bizarre job application by GameStop CEO Ryan Cohen, who does not have the money to buy eBay, to become eBay's CEO

Jordan Novet / CNBC:

Cerebras pops 68% in Nasdaq debut, pushing the AI chipmaker's market cap to $95 billion

Mark Gurman / Bloomberg:

OpenAI is weighing legal action against Apple after expectations that ChatGPT's Siri integration would generate billions in revenue fell short

Lorenzo Franceschi-Bicchierai / TechCrunch:

OpenAI says two employee devices were impacted via a supply chain attack on TanStack but no user data or production systems were compromised

Marina Temkin / TechCrunch:

Ian Crosby's Synthetic, which is building an AI bookkeeper, raised a $10M seed led by Khosla; Crosby founded Bench, which raised $100M+ and imploded in 2024

Jeffrey Dastin / Reuters:

Anthropic and the Gates Foundation pledge $200M to use AI in health and education initiatives; the foundation signed a similar, $50M deal with OpenAI in January

Antonio G. Di Benedetto / The Verge:

Razer updates the Blade 18 with an Intel Core Ultra 9 290HX Plus chip, starting at $4000 with an Nvidia RTX 5070 Ti, up $500 from the comparable 2025 model

Ivan Mehta / TechCrunch:

Wirestock, which says it provides multi-modal data to six of the largest foundation AI labs, raised a $23M Series A, bringing its total funding to $26M

Jess Weatherbed / The Verge:

AT&T, T-Mobile, and Verizon sign an "agreement in principle" to form a joint venture that aims to end wireless dead zones in the US, without giving many details

Sam Rutherford / Engadget:

Motorola Razr Fold review: good performance and screen, great battery life, sharp cameras, and stylus support, but heavier than the Z Fold 7 and lackluster AI

Tim Craig / Washington Post:

Gallup: 71% of Americans oppose local AI data center construction, citing water and electricity issues, with opposition higher among Democrats than Republicans

Connor Hart / Wall Street Journal:

Klarna reports Q1 revenue up 44% YoY to $1.01B, above est., GMV up 33% YoY to $33.7B, customers up 20% YoY to 119M, and a $1M profit, vs. a $99M loss in Q1 2025

Zac Hall / 9to5Mac:

Spotify says it will adopt Apple's HTTP Live Streaming tech later in 2026, helping Spotify creators distribute video podcast shows on Apple Podcasts and Spotify

Reuters:

The UK CMA launches an antitrust investigation into Microsoft's business software dominance, focusing on its bundling of Windows, Word, Teams, and other apps

Kurt Wagner / Bloomberg:

Meta President Dina Powell McCormick went with President Trump on his China trip and met King Charles III in April, indicating she's Meta's new global emissary

Sherry Qin / Wall Street Journal:

SMIC reports Q1 revenue up 11.5% YoY to ~$2.5B and net profit up 5% YoY to ~$197.4M, below $223.6M est., weighed down by higher operating expenses, up 30% YoY

Wired:

As Meta prepares to lay off ~10% of its staff on May 20, sources say morale is low, and it moved 1,000+ engineers to an AI unit to build generative AI models

Subrat Patnaik / Bloomberg:

Blackstone Digital Infrastructure Trust raised $1.75B in its US IPO, selling 87.5M shares for $20 each, and plans to acquire data centers worth $250M to $1.5B

Wall Street Journal:

Zhaopin: Chinese graduates returning home from abroad rose 12% YoY in 2025, fueling Beijing's plans to take on Silicon Valley; China is offering big incentives

Wall Street Journal:

Foxconn reports Q1 revenue up 29% YoY to ~$67B and net profit up 19% YoY to ~$1.6B, meeting est., as it boosts AI server production, its largest revenue source

Max A. Cherney / Reuters:

Filing: Jensen Huang's foundation bought $108.3M worth of AI computing time from CoreWeave and is donating it to universities and other nonprofit institutes

Marina Temkin / TechCrunch:

Canadian legaltech company Clio says its ARR has reached $500M, citing demand for its AI tools; Clio had a $5B valuation after a $500M Series G in November 2025

Reuters:

The US has cleared ~10 Chinese companies, including Alibaba, Tencent, ByteDance, and JD.com, to buy Nvidia H200 chips, but no deliveries have been made

Aisha S Gani / Bloomberg:

Riyadh-based Stitch, which develops software for banks and financial services companies, raised a $25M Series A led by a16z, its first investment in the Gulf

Kenza Bryan / Financial Times:

Climate watchdog SBTi drops proposed rules that would limit tech companies' claims that gas-fueled data centers are covered by clean energy investments

Kenrick Cai / Reuters:

Musk v. Altman filing: Sam Altman holds $2B+ in stakes in companies that have done business with OpenAI, including a $1.7B stake in fusion startup Helion Energy

Nikkei Asia:

LY Corp launches a bid with Bain Capital to buy Kakaku.com, which operates restaurant review and booking site Tabelog, for $4B, challenging EQT's $3.75B offer

Katherine Bindley / Wall Street Journal:

ZipRecruiter: IT and CS job postings are up 14.2% YoY in April; entry-level roles fell from 8.1% a year ago to 7.4%, while senior roles grew from 38.8% to 43.1%

Emma Roth / The Verge:

Microsoft updates Edge with new AI features, including letting Copilot gather information from open tabs and use browsing history for more relevant answers

Maggie Eastland / Bloomberg:

OpenAI says it would support a global AI governance body that is led by the US and includes China as a member, similar to the International Atomic Energy Agency

Alex Heath / Sources:

Google plans to announce a new Gemini model at its I/O conference next week; the model will land roughly in the class of GPT-5.5, but short of Mythos

Aisha Malik / TechCrunch:

TikTok launches TikTok GO in the US for users to book hotels, attractions, and experiences directly in the app, partnering with Booking.com, Expedia, and others

Jared Perlo / NBC News:

OpenEvidence, an AI-powered medical search tool, says two-thirds of US physicians, or ~650K doctors, and 1.2M doctors internationally use its services

Carmen Arroyo / Bloomberg:

Apollo Global, Morgan Stanley, and others are testing Grok internally as part of xAI's finance sector push, but financiers are rarely using it for work

Carl Franzen / VentureBeat:

Anthropic unveils Claude Agent SDK credits for paid plans, which users can allocate for programmatic use of third-party agents like OpenClaw, starting June 15

Jordan Novet / CNBC:

Cerebras priced its IPO at $185 per share, above the expected range of $150 to $160, raising at least $5.55B and valuing it at $56.4B fully diluted

Emma Roth / The Verge:

Netflix says its ad tier now has 250M monthly active viewers, up from 94M in 2025, and is expanding to 15 new countries, as it tests an ad personalization tool

Reuters:

Microsoft is in discussions to acquire LLM developer Inception; SpaceX also courted Inception, which is looking for a price of over $1B

Jordan Novet / CNBC:

Cisco reports Q3 revenue up 12% YoY to $15.84B, vs. $15.56B est., raises its FY 2026 AI orders forecast, and is cutting ~4,000 jobs; CSCO jumps 19%+ after hours

AI Security Institute:

Mythos Preview is the first AI model to complete both of AISI's cyber ranges, which measure models' cyberattack capabilities; GPT-5.5 solved only one of them

Invest Like The Best on YouTube:

Q&A with Anthropic CFO Krishna Rao on the "cone of uncertainty" in AI, allocating compute, returns to frontier intelligence, platform vs. application, and more

Reuters:

LinkedIn says it has "implemented organizational changes"; source: LinkedIn plans to cut ~5% of its 17,500 full-time workers and focus on business growth areas

Sean McLain / Wall Street Journal:

Rivian CEO RJ Scaringe's Mind Robotics, which is building AI-powered robots for manufacturing tasks, raised $400M, source says at a $3.4B valuation

Zac Hall / 9to5Mac:

Instagram rolls out Instants, which lets users share ephemeral photos, as an in-app feature and as a standalone Android and iOS app in select countries

Russell Brandom / TechCrunch:

Adaption, co-founded by ex-Cohere VP of AI research Sara Hooker, unveils AutoScientist, which can automate the research loop behind model training and alignment

Lucas Ropek / TechCrunch:

Anthropic launches Claude for Small Business, featuring a host of automated services like bookkeeping functions, business insights, and tools for ad campaigns

Gyana Swain / CSO:

Microsoft unveils MDASH, a security system that orchestrates 100+ AI agents to find vulnerabilities, and says it identified 16 previously unknown Windows flaws

Bloomberg:

Mistral has been developing a cybersecurity-focused AI model and has held discussions about it with European banks, which don't have access to Mythos

Jonathan Stempel / Reuters:

The US FTC says Shutterstock will pay $35M to settle charges that Shutterstock misled consumers about its subscription plans and made it too difficult to cancel

OpenAI Global Affairs:

OpenAI endorses the Kids Online Safety Act and Illinois SB 315, an AI safety bill to establish requirements around transparency, incident reporting, and more

Ashlee Vance / Core Memory:

Q&A with Alexandr Wang on rebuilding Meta's AI stack, Muse Spark, personal superintelligence, Meta acquiring Assured Robot Intelligence, Sam Altman, and more

The Information:

Tencent says it plans to spend significantly more on AI infrastructure in H2 2026 as more China-designed AI chips become available "month by month"

Kate Clark / Wall Street Journal:

Investor docs: Anthropic's revenue run rate is on track to hit $50B by the end of June; Ramp says more of its customers now use Anthropic than OpenAI, a first

Bloomberg:

A profile of California Rep. Ro Khanna, who spent years cheering on the tech industry and now supports a 5% billionaire wealth tax and stricter AI regulations

Robbie Whelan / Wall Street Journal:

UK chip startup Fractile raised a $220M Series B led by Factorial Funds, Accel and Founders Fund to make specialized logic and memory chips for inference

Lily Hay Newman / Wired:

WhatsApp launches Incognito Chat, an AI chat mode built on Private Processing that Meta says lets users talk to AI without Meta being able to access the chats

Katherine Davis / Axios:

German quantum MRI imaging startup NVision raised a $55M Series B led by Abbott at a $250M to $300M valuation, and plans a $100M+ Series C later in 2026

Foo Yun Chee / Reuters:

Apple files an EU submission criticizing draft DMA measures that would require Google to give competing AI services access to Android apps, citing privacy risks

Cecilia Kang / New York Times:

Analysis: 25% of the 13,000 US federal lobbyists are involved in AI issues, up from 11% in 2023; OpenAI plans to host the opening of its DC office on Wednesday

Jennifer Pattison Tuohy / The Verge:

Amazon is replacing its Rufus AI shopping assistant with Alexa for Shopping, which is powered by Alexa+, on Amazon.com and its app, for all customers in the US

Agnieszka Barteczko / Bloomberg:

Poland says it plans to continue working on a digital services tax of up to 3% on large digital platforms, despite the US' threats of retaliation, like tariffs

Michelle Del Rey / USA Today:

Trump Mobile CEO Pat O'Brien says T1 Phone pre-orders will begin shipping to customers this week, and the device is assembled in the US, after months of delays

Sam Tabahriti / Reuters:

Ofcom fines an unnamed suicide forum £950K, the largest OSA fine so far, for hosting illegal content accessible in the UK; the forum is linked to 130+ deaths

Bloomberg:

Analysts: China's AI hardware suppliers face capacity constraints and component shortages, including of optical and electronic chips, that could throttle growth

Ben Schoon / 9to5Google:

Google says Chromebooks will get support through their "existing date commitment", and "many" models are "eligible to transition" to the Googlebook experience

Kim Bhasin / New York Times:

How eBay CEO Jamie Iannone transformed the company, refocusing on power buyers in categories with especially high resale demand like trading cards and sneakers

Bloomberg:

Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI

Shiona McCallum / BBC:

The Lucy Faithfull Foundation's Project Intercept, a partnership with Google, TikTok, and Meta, sent 70M+ warning messages to users seeking CSAM in two years

David Keohane / Financial Times:

SoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B gain in its OpenAI stake; by October, its OpenAI investment will hit $64.6B