| 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 … | 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 … | 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 … | Natalie Lung / 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 — DoorDash Inc. is buying hospitality tech company SevenRooms Inc. for $1.2 billion, hours after confirming its plans … | 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 … | 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| Martha Muir / Financial Times: |
US data center operators say President Trump's attack on renewable energy 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 … | Mike Butcher / TechCrunch: |
Orca AI, which offers an autonomous shipping navigation service based on a dataset of 80M+ nautical miles, raised a $72.5M Series B, after raising $23M in 2024 — The autonomous navigation market — where ships, guided by AI, steer themselves, resulting in fuel and time savings — is projected to sail past $11 billion by 2028.| Lizette Chapman / Bloomberg: |
Palantir reports Q1 revenue up 39% YoY to $884M, below $863M est., US commercial sales up 71% to $255M, and raises 2025 sales guidance to ~$3.9B; PLTR falls 5%+ — 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 … | 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 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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