| OpenAI: |
OpenAI hires Instacart CEO Fidji Simo as CEO of Applications, reporting to Sam Altman, who says he will remain CEO and focus on research, compute, and safety — Sam shared this message with the company earlier today: — Hi everyone - I have some exciting news to share.| Fidji Simo / Instacart Corporate Blog: |
Instacart CEO Fidji Simo tells employees that she is leaving in a couple of months, the new CEO will be a management team member, and she will stay on as Chair — Instacart CEO and Chair Fidji Simo shared the email below with Instacart employees this evening. You can read it in full here:| Andrew Webster / The Verge: |
Rockstar says its second Grand Theft Auto VI trailer was “captured entirely in-game from a PlayStation 5, comprised of equal parts gameplay and cutscenes” — The trailer was also captured entirely in-game from a PS5. … A second trailer for Grand Theft Auto VI had a surprise drop this week … | Takashi Mochizuki / Bloomberg: |
Nintendo projects Switch 2 sales will reach 15M units for the fiscal year ending March 2026, below 16.8M est., and ~$2.2B in annual operating profit, below est. — What Trump's ‘Golden Dome’ Can Learn From Israeli Air Defenses — An exclusive look at what Israel's upgraded air defense system can … | Yuri Kageyama / Associated Press: |
Nintendo reports FY 2024-25 revenue down 30% YoY to ~$8B, profit down 43% YoY to ~$1.9B, and says the Switch has 128M+ players globally eight years after launch — Japanese video-game maker Nintendo on Thursday reported a 43% decline in profit for the fiscal year through March … | Bloomberg: |
US v. Google: Eddy Cue says Apple is “actively looking at” revamping Safari for AI search, and that in April searches fell for the first time; GOOG dropped 7.5% — Apple Inc. is “actively looking at” reshaping the Safari web browser on its devices to focus on AI-powered search engines … | The Keyword: |
| Mark Gurman / Bloomberg: |
| Bloomberg: |
The US Commerce Department says it will rescind the Biden-era “AI diffusion rule” to limit AI chip exports from May 15, replacing it “with a much simpler rule” — The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort … | Kevin Purdy / Ars Technica: |
An interview with curl project founder Daniel Stenberg, who likens “AI slop” in HackerOne submissions to a DDoS attack, echoing Seth Larson and others' concerns — “A threshold has been reached. We are effectively being DDoSed. If we could, we would charge them for this waste of our time … | Wired: |
Sources: OpenAI employees met with the US FDA and two DOGE associates multiple times in recent weeks to discuss cderGPT, a project likely around 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: |
| Lawrence Abrams / BleepingComputer: |
Hackers defaced the LockBit ransomware gang's dark web affiliate panels, linking to a MySQL database dump with operational data, including 59,975 BTC addresses — The LockBit ransomware gang has suffered a data breach after its dark web affiliate panels were defaced and replaced with a message linking to a MySQL database dump.| Kyle Wiggers / TechCrunch: |
Anthropic launches web searches API for Claude 3.7 Sonnet, 3.5 Sonnet, and 3.5 Haiku at $10 per 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 … | Bloomberg: |
Filing: Apple seeks to pause the part of the April 30 Epic v. Apple US 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 … | Victoria Kennedy / Eurogamer.net: |
Palworld developer Pocketpair says a 2024 update was due to “ongoing litigation” and a new update is “yet another compromise”, as it disputes Nintendo's claims — “We... assert the invalidity of the patents in question.” — Palworld developer Pocketpair has released … | Tobias Mann / The Register: |
An IBM survey of 2,000 CEOs finds that only 25% of AI initiatives have delivered expected ROI over the last few years, and only 16% have scaled enterprise wide — Just 1 in 4 bets paying off so far — Only a quarter of AI initiatives have delivered the expected return on investment, according to an IBM survey of 2,000 CEOs.| Financial Times: |
The European Commission is facing pressure from member states, led by Ireland, to require Google, Meta, and others to vet financial ads for potential scams — EU member states push for rule change to make tech groups shoulder responsibility for fraud that costs billions each year| 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.| Danny Park / The Block: |
The US OCC says banks can buy and sell customers' crypto assets on their behalf and can outsource crypto custody and trade execution services to third parties — - The OCC clarified that national banks are permitted to execute cryptocurrency buy and sell orders on behalf of their customers.| 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.| Reuters: |
TPG and Corpay agree to acquire Charlotte, NC-based payment automation software provider AvidXchange 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 … | Ben Schoon / 9to5Google: |
Samsung plans to launch the Galaxy S25 Edge at a May 12 virtual event at 8pm ET, and reservations for the super-slim device are now open with a $50 credit — After weeks of rumors and an apparent delay, Samsung has just announced a May 12 launch event for the Galaxy S25 Edge and has opened reservations for the device.| Lauren Forristal / TechCrunch: |
Netflix unveils its ChatGPT-powered search that lets users express preferences using natural phrases, rolling 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.| Rebecca Bellan / TechCrunch: |
Reddit CEO Steve Huffman says the service will work with “various third-party services” to verify a user's humanity, after an AI experiment in r/ChangeMyView — Redditors around the world were scandalized last week after learning that a team of researchers released a swarm of AI-powered … | Simon Hill / Wired: |
A look at Silence Speaks, a British startup that has built an AI-powered sign language avatar capable of accurately translating text to British Sign Language — New technology from British startup Silence Speaks enables an AI-generated sign language avatar to effectively give the deaf … | Spencer Soper / Bloomberg: |
Shopify reports Q1 revenue up 27% YoY to $2.36B, narrowly above $2.34B est., and GMV up 22% YoY to $74.6B, as tariffs weigh on its growth; SHOP drops 8%+ — The Canadian e-commerce company said it expects revenue growth for the quarter ending in June to be in the mid-twenties, compared with a year earlier.| 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%+ — Arm Holdings Plc declined in premarket trading after giving a disappointing sales forecast for the current quarter, stoking concerns about a tariff-fueled slowdown for the chip industry.
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