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May 6, 2025, 7:55 AM
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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 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 …
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.
More: Orca AI
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.
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 …
Wall Street Journal:
US v. Google: the DOJ says in a May 5 filing that Google should sell its AdX business and DFP ad platform; Google says divestiture isn't warranted or feasible  —  A federal judge ruled last month that the tech giant had created a monopoly in advertising  —  Google should sell …

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From Mediagazer

Associated Press:
A US district court judge agrees to permanently block the Trump administration from implementing an executive order to end federal funding for NPR and PBS

Ted Johnson / Deadline:
A new filing from Nexstar in the DirecTV lawsuit says the existing restraining order freezing the Nexstar-Tegna merger could jeopardize assets of both companies

Qassim Abdul-Zahra / Associated Press:
Iraqi officials say a US journalist was kidnapped in Baghdad and security forces are looking for her captors; one outlet identified her as Shelly Kittleson

More News

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

Earlier Picks

Sarah Jeong / The Verge:
Apple files an appeal with the US Ninth Circuit, challenging last week's ruling to stop it from charging developers fees on purchases made outside the App Store
MacKenzie Sigalos / CNBC:
Trump has two crypto-focused dinners this month, for political donors and for $TRUMP holders; Chainalysis: trading fees alone have made $TRUMP insiders $324M+
Lucia Moses / Business Insider:
Sources: Google has quietly launched 100 Zeros, a film and TV production initiative aiming to promote a positive view of tech and drive adoption of its products
Reuters:
Tel Aviv-based eToro Group says it is targeting a $4B valuation in a Nasdaq IPO, aiming to raise $500M, after pausing plans in April due to market volatility
Alan Ohnsman / Forbes:
A look at Waymo's Mesa, Arizona plant, producing several retrofitted Jaguars per day, and where tariffs may derail plans to scale up with Chinese Zeekr vans
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