| Financial Times: |
DoorDash agrees to acquire UK food delivery company Deliveroo for £2.9B in cash; Deliveroo has struggled since its London IPO at a £7.6B valuation in March 2021 — Takeover comes after UK company has struggled since going public four years ago — DoorDash has agreed … | Bloomberg: |
DoorDash plans to acquire NYC-based hospitality tech company SevenRooms for $1.2B in cash, set to close in H2 2025; SevenRooms works with 13K+ restaurant groups — In a matter of five hours, the US delivery firm DoorDash Inc. announced two multibillion-dollar acquisitions that stand to turn … | Kyle Wiggers / TechCrunch: |
OpenAI backtracks and says its nonprofit will remain in control of its business operations, after a “constructive dialogue” with civic leaders and DE and CA AGs — OpenAI has decided that its nonprofit division will retain control over its for-profit org, after the company initially announced … | Bloomberg: |
Sources: Microsoft remains the biggest holdout among investors in OpenAI's restructuring, seeking assurance that the changes will protect its $13.75B investment — After months of public pressure, OpenAI walked back part of its effort to create a more conventional for-profit company … | Rachel Metz / Bloomberg: |
Elon Musk's attorney says OpenAI's nonprofit reversal is “a transparent dodge that fails to address the core issues” and “the founding mission remains betrayed” — Elon Musk's attorney said OpenAI's decision to partly walk back its plan to restructure as a for-profit business … | Tom Warren / The Verge: |
Microsoft debuts the $899+ Surface Laptop 13, with a smaller 13" screen, an 8-core Snapdragon X Plus, 16GB of RAM, and 256GB/512GB options, shipping from May 20 — The new Surface Laptop 13-inch ditches the Surface Connect port and Windows Hello camera for a smaller footprint.| Sean Endicott / Windows Central: |
| Tom Warren / The Verge: |
| Kevin Breuninger / CNBC: |
TeleMessage parent company Smarsh says it is “investigating a potential security incident” and has suspended all its services “out of an abundance of caution” — The messaging app that President Donald Trump's former national security advisor was seen using during … | Bloomberg: |
Sources: OpenAI reaches an agreement to acquire Windsurf, an AI coding tool formerly known as Codeium, for ~$3B; Windsurf was valued at $1.25B in August 2024 — OpenAI has agreed to buy Windsurf, an artificial intelligence-assisted coding tool formerly known as Codeium, for about $3 billion … | Peter Kafka / Business Insider: |
Q&A with Tim Sweeney on the recent Epic v. Apple ruling, bringing Fortnite back to iOS via Epic's Swedish developer account, and spending $100M+ on legal fees — - Epic Games CEO Tim Sweeney — the guy behind Fortnite — has been fighting Apple over its App Store rules for five years.| Sarah Jeong / The Verge: |
| Ramsey Al-Rikabi / Bloomberg: |
The US Treasury Department sanctions the Myanmar-linked Karen National Army over helping organized crime groups operate multibillion-dollar “scam compounds” — The US sanctioned a militia in Myanmar linked to the ruling junta for supporting and profiting from cyber scams … | Lauren Forristal / TechCrunch: |
Spotify debuts a “plays” metric for podcasts that shows users and creators how many times people have actively listened to or watched an audio or video episode — YouTube continues to dominate the podcasting space, but Spotify is actively working to close the gap.| Ben Schoon / 9to5Google: |
Samsung updates Samsung Wallet to add a “Tap to Transfer” feature that lets US users quickly exchange money between themselves, rolling out “later this month” — Samsung Wallet is adding a clever new “Tap to Transfer” feature that lets you quickly exchange money between friends … | Leo Sands / Washington Post: |
Microsoft shut down Skype on May 5, capping a remarkable 21-year run for software that for many embodied the open internet and had 300M+ users in its heyday — After 21 years, Microsoft is hanging up on Skype. In its heyday, the calling service connected millions around the world.| Natalie Lung / Bloomberg: |
Instacart launches Fizz, a Gen-Z focused app for group orders of drinks and party snacks with a flat $5 fee and a rewards program for brands to offer discounts — Instacart is launching a new, Gen-Z focused app for group orders of drinks and party snacks, expanding its core delivery business beyond grocery hauls.| Martha Muir / Financial Times: |
US data center operators warn President Trump's renewable energy attack could hurt the US in the AI race; data centers are set to add 83.7GW of demand by 2030 — Industry needs renewables to meet surging power demand from artificial intelligence — The US data centre industry has warned … | Financial Times: |
Munich-based Quantum Systems raised €160M, sources say at a €1B+ valuation, and Lisbon-based Tekever hit a £1B+ valuation, as VCs back European drone startups — Quantum Systems and Tekever each valued at more than €1bn in latest fundraisings, as new investors flock to ‘dual use’ tech companies| Financial Times: |
Analysis: 24 crypto wallets earned $99.6M by buying the $MELANIA memecoin in the two and a half minutes before Melania Trump posted about the coin on January 19 — Small group of digital wallets bought up coins in the minutes before it was announced, FT analysis shows — Unlock the White House Watch newsletter for free| Katie Roof / Bloomberg: |
Wonder, which runs Grubhub and Blue Apron, raised $600M led by NEA, a source says at a $7B+ valuation, and CEO Marc Lore says it has $2B+ in revenue — Marc Lore's food hall startup is raising $600 million from investors including NEA, Accel and GV. — Wonder, the food hall company … | Andrew J. Hawkins / The Verge: |
An interview with Ford Chief EV, Digital, and Design Officer Doug Field on canceling the FNV4 vehicle networking project and using a domain-style system instead — When Ford poached Doug Field from Apple in 2021, the company had high hopes for the mild-mannered engineer.
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| Alex Konrad / Upstarts Media: |
| Lizette Chapman / Bloomberg: |
| MacKenzie Sigalos / CNBC: |
| Reuters: |