| Bloomberg: |
US v. Google: Eddy Cue says Apple is looking at reshaping Safari to focus on AI search, and Safari searches dropped for the first time in April; GOOG drops 7.5% — Apple Inc. is “actively looking at” reshaping the Safari web browser on its devices to focus on AI-powered search engines … | Bloomberg: |
The Commerce Department says it will rescind the Biden-era “AI diffusion rule”, which limits exports of AI chips and is set to take effect on May 15 — The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions … | Lauren Forristal / TechCrunch: |
Netflix unveils its ChatGPT-powered search that lets users express preferences using natural phrases, to be rolled out this week to iOS users as an opt-in beta — After hinting at a new AI-powered search experience during its recent earnings call, Netflix officially unveiled the feature at its tech and product event on Wednesday.| John Koblin / New York Times: |
| Jay Peters / The Verge: |
| Kyle Wiggers / TechCrunch: |
Anthropic launches web search on its API for Claude 3.7 Sonnet, 3.5 Sonnet, and 3.5 Haiku at $10/1K searches, giving the models access to up-to-date information — Anthropic is launching a new API that allows its Claude AI models to search across the web. Developers using it can build … | Wired: |
Sources: OpenAI staffers met with the FDA and two DOGE associates multiple times in recent weeks to discuss a project called cderGPT, likely for drug evaluation — High-ranking OpenAI employees have met with the FDA multiple times in recent weeks to discuss AI and a project called cderGPT.| Washington Post: |
Internal messages show how the US State Department, in conjunction with trade talks, pushed nations facing tariffs to clear regulatory hurdles for Starlink — Some countries have turned to the satellite internet firm in conjunction with trade talks, State Department staffers wrote.| Jonathan Vanian / CNBC: |
AppLovin reports Q1 revenue up 40% YoY to $1.48B, vs. $1.38B est., net income up 144% to $576M, and forecasts Q2 revenue below est.; APP jumps 13%+ after hours — AppLovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations … | Reuters: |
TPG and Corpay agree to acquire Charlotte, NC-based AvidXchange, a payment automation software provider, for $2.2B, with Corpay investing ~$500M for a 33% stake — Global alternative asset manager TPG (TPG.O) will partner with Corpay (CPAY.N) to buy payments solutions provider AvidXchange … | Ian King / Bloomberg: |
Arm reports Q4 revenue up 34% YoY to $1.24B, vs. $1.23B est., royalty revenue up 18% to $607M, and forecasts Q1 revenue below est.; ARM drops 8%+ after hours — Arm Holdings Plc declined in late trading after giving a disappointing sales forecast for the current quarter … | Washington Post: |
Sources: DOGE plans to build a centralized database with troves of personal information about millions of US residents, sometimes bypassing security protocols — The goal — a centralized system with unprecedented access to data about Social Security, taxes, medical diagnoses … | The Information: |
Sources: Meta is once again considering facial recognition for its smart glasses and other devices, after abandoning the idea over ethical concerns in 2021 — Back in 2021, Mark Zuckerberg and other top Facebook executives were dreaming big about how to design the company's first generation of smart glasses.| Mary Ann Azevedo / TechCrunch: |
At Stripe Sessions, the company announced an AI foundation model for payments, plans for stablecoin-powered accounts, a recent migration with Nvidia, and more — Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event.| Mike Scarcella / Reuters: |
A US court rejects a legal challenge by the FTC to Microsoft's $69B Activision Blizzard acquisition, upholding a lower court ruling that denied an injunction — A federal appeals court on Wednesday rejected a legal challenge by the U.S. Federal Trade Commission to Microsoft's (MSFT.O) … | Shirin Ghaffary / Bloomberg: |
OpenAI unveils OpenAI for Countries, an initiative to help build out AI infrastructure and customize OpenAI's products for specific languages and local needs — OpenAI plans to invest in efforts outside of the US to develop the infrastructure necessary to run artificial intelligence systems … | James D. Walsh / New York Magazine: |
How ChatGPT and other AI tools enable systemic cheating in college, unravelling the entire academic project; one student says “the ceiling has been blown off” — ChatGPT has unraveled the entire academic project. — Chungin “Roy” Lee stepped onto Columbia University's campus … | Bloomberg: |
Filing: Apple seeks to pause the part of the April 30 US federal court ruling that blocked it from charging App Store commissions on outside transactions — The company is appealing a federal judge's ruling last week in its long-running fight with Epic Games Inc. that the iPhone maker failed … | Muyao Shen / Bloomberg: |
Sources: Robinhood plans a blockchain-based platform to let retail investors in Europe trade US securities, and considered partnerships with Arbitrum and Solana — The venture will be likely launched through a partnership with a digital-asset firm, according to the people.| Kyle Wiggers / TechCrunch: |
Mistral releases Medium 3, which it says focuses on efficiency without compromising performance, for $0.40 per 1M input tokens, and launches Le Chat Enterprise — French AI startup Mistral is releasing a new AI model, Mistral Medium 3, that's focused on efficiency without compromising performance.| Dean Seal / Wall Street Journal: |
Memo: CrowdStrike CEO George Kurtz says the company will cut ~500 jobs, or 5% of its global workforce, and expects to incur $36M to $56M in severance charges — Cybersecurity company will continuing to hire customer-facing and product-engineering roles — CrowdStrike said it will cut about 500 jobs … | Jess Weatherbed / The Verge: |
Samsung subsidiary Harman has agreed to acquire Masimo's audio division, which includes the Bowers & Wilkins, Denon, and Polk Audio brands, for $350M — The $350 million deal brings them under the same ownership as JBL, Harman Kardon, and AKG. … Samsung subsidiary Harman has agreed … | Kyle Wiggers / TechCrunch: |
Microsoft says it will support Google's Agent2Agent spec, known as A2A, in Azure AI Foundry and Copilot Studio and will join A2A's working group on GitHub — Microsoft says that it's embracing Google's recently launched open protocol for allowing AI “agents” to communicate with each other.| Natalie Lung / Bloomberg: |
Uber reports Q1 revenue up 14% YoY to $11.5B, Gross Bookings up 14% YoY to $42.8B, below $43.1B est., trips up 18% YoY to 3B, and $1.8B in net income — Uber Technologies Inc. reported weaker-than-expected quarterly gross bookings, citing lower US inbound travel that's led to slower gains in its rideshare business.| Jennifer Elias / CNBC: |
| Bloomberg: |
Analysis: the majority of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun likely holds $18M — The majority of top holders of Donald Trump's memecoin have used foreign exchanges that say they ban US users, suggesting many purchasers are based abroad| MacKenzie Sigalos / CNBC: |
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| Sapna Maheshwari / New York Times: |
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| Sarah Butler / The Guardian: |
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