| 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 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 … | Kevin Breuninger / CNBC: |
TeleMessage parent company Smarsh says it is “investigating a potential security incident” and suspended all of its services “out of an abundance of caution” — The messaging app that President Donald Trump's former national security advisor was seen using during … | Financial Times: |
DoorDash agrees to acquire UK food delivery company Deliveroo in a £2.9B cash deal; Deliveroo has struggled since its London IPO in March 2021 — Takeover comes after UK company has struggled since going public four years ago — DoorDash has agreed to buy UK food delivery company Deliveroo … | Bloomberg: |
Sources: OpenAI reaches an agreement to acquire Windsurf, an AI coding tool formerly known as Codeium, for ~$3B; the deal has not yet closed — OpenAI has agreed to buy Windsurf, an artificial intelligence-assisted coding tool formerly known as Codeium, for about $3 billion … | 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 … | Lizette Chapman / Bloomberg: |
Palantir reports Q1 revenue up 39% YoY to $884M, vs. $863M est., and raises 2025 sales guidance to $3.9B; PLTR falls 8%+ — Powerbeats Pro 2 Review: Best Workout Earbuds Still Lag on Audio Quality — Beats' newest exercise headphones are improved, but they face stiffer competition than ever.| Arriana McLymore / Reuters: |
Sensor Tower: Shein's ad spend rose 35% MoM in France and the UK in April, while Temu's jumped 40% MoM and 20% MoM, respectively, amid Trump's de minimis ban — Shein and Temu, fast-fashion e-commerce platforms that ship merchandise from China, boosted their spending on digital ads in Europe in April … | Alex Konrad / Upstarts Media: |
Sources: Databricks is in advanced talks to acquire startup Neon, which makes a serverless open-source alternative to AWS Aurora Postgres, for ~$1B — An Upstarts paid subscriber special edition: acquisition-hungry data and AI unicorn Databricks is in advanced talks to buy the startup behind … | Kirsten Korosec / TechCrunch: |
Uber and WeRide plan to expand their robotaxi service to 15 more cities over the next five years, including in Europe, after a December 2024 launch in Abu Dhabi — Uber and Chinese autonomous vehicle technology company WeRide plan to expand a commercial robotaxi partnership and bring … | 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 domain-style system instead — When Ford poached Doug Field from Apple in 2021, the company had high hopes for the mild-mannered engineer.| Financial Times: |
European drone startups Quantum Systems raised €160M, sources say at a €1B+ valuation, and Tekever hit a £1B+ valuation, as VCs pour money into European defense — Quantum Systems and Tekever each valued at more than €1bn in latest fundraisings, as new investors flock to ‘dual use’ tech companies| Leo Sands / Washington Post: |
Microsoft shut down Skype on May 5, capping a remarkable 21-year run for a software that for many embodied the open internet and hit 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.| Financial Times: |
A look at the challenges for mobile telecom operators in the UK, as Revolut, UK holding company Octopus, and others plan new MVNO offerings — Brands are piling into the telecoms sector by piggybacking on incumbents' networks — Fresh from disrupting the energy and banking sectors …
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| Sarah Jeong / The Verge: |
| MacKenzie Sigalos / CNBC: |
| Lucia Moses / Business Insider: |
| Reuters: |
| Alan Ohnsman / Forbes: |
| Geoffrey A. Fowler / Washington Post: |