| 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 — 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.| 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 … | 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 … | 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.| 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 … | 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 … | 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 … | 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 … | 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 … | 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 — Epic Games' stunning victory blocks Apple from imposing fees on purchases made outside the App Store.| 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 — An exclusive look inside the facility turning Jaguar EVs into robotaxis with the AI-driven fleet's custom computing system, cameras, lidar and radar.| Charles Rollet / TechCrunch: |
Recraft, whose image model Recraft V3 beat OpenAI's DALL-E and Midjourney on the Artificial Analysis benchmark last year, raised a $30M Series B led by Accel — Recraft, the startup behind a mysterious image model that beat OpenAI's DALL-E and Midjourney on a respected industry benchmark last year … | 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 — Israel's eToro Group said on Monday it was targeting a valuation of up to $4 billion in its initial public offering in the United States …
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| Miles Klee / Rolling Stone: |