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May 1, 2026, 1:20 PM
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Top News

Katrina Manson / Bloomberg:
The US DOD strikes agreements with Nvidia, Microsoft, Reflection AI, and AWS to use their AI tools on classified military networks “for lawful operational use”  —  The Pentagon has struck agreements with four more technology companies for expanded use of advanced artificial intelligence tools …
Dan Goodin / Ars Technica:
Researchers detail CopyFail, a now-patched Linux vulnerability that lets unprivileged users gain admin access, as many distributions have yet to apply the fixes  —  Publicly released exploit code for an effectively unpatched vulnerability that gives root access to virtually all releases …
Juli Clover / MacRumors:
Tim Cook says that the Mac Studio and the Mac mini, which many are buying for AI and agentic tools, “may take several months to reach supply demand balance”  —  During today's earnings call for the second fiscal quarter of 2026, Apple CEO Tim Cook said that the Mac mini and Mac Studio …
Michael Acton / Financial Times:
Apple CFO Kevan Parekh says that “the iPhone 17 family is now the most popular lineup in our history” and “we believe we gained market share during the quarter”
Mark Gurman / Bloomberg:
Apple forecasts Q3 revenue above estimates, with sales expected to rise between 14% and 17%, and says memory expenses will climb “significantly higher” in Q3
Reuters:
Tim Cook says iPhone sales, which slightly missed Q2 estimates, were held back by supply constraints for advanced chips, as “demand was off the charts”
Apple:
Apple reports Q2 revenue up 17% YoY to $111.18B, vs. $109.66B est., net income up 19% YoY to $29.58B, and China revenue up 28% YoY to $20.5B, vs. $18.9B est.
Dan Mangan / CNBC:
The US Senate unanimously passed a rule barring senators from trading on prediction markets like Kalshi and Polymarket, amid rising concern over insider trading  —  The U.S. Senate on Thursday unanimously passed a rule barring senators from trading on prediction markets effective immediately.
Wired:
Musk v. Altman: when asked whether xAI has distilled OpenAI models, Elon Musk says the claim is “partly” true
New York Times:
Musk v. Altman: the judge told Musk's lawyer she did not want talk of AI's existential threat to seep into the trial, and to focus instead on facts about OpenAI
Mike Stone / Reuters:
The US Navy awards Domino Data Lab a contract worth up to $100M for AI software that teaches underwater drones to identify new mines in the Strait of Hormuz  —  The U.S. Navy is ramping up its AI capabilities to hunt for Iranian mines in the Strait of Hormuz, one of the world's most critical shipping lanes …
Jessica Lyons / The Register:
Experts say supply chain attacks compromised SAP and Intercom npm packages, plus the PyPI package Lightning, in a campaign that calls itself Mini Shai-Hulud  —  The wave of supply chain attacks aimed at security and developer tools has washed up more victims, namely SAP and Intercom npm packages, plus the lightning PyPI package.
Ben Weiss / Fortune:
Fun, which builds fiat and crypto payment rails for platforms like Polymarket and Aave, raised a $72M Series A in January, co-led by Multicoin and SignalFire  —  The finer details of back-end payment systems are enough to make most people's eyes glaze over, even those in crypto.
Jasmine Sun / New York Times:
The persistent idea that AI disruption could create a permanent underclass signals how much collateral damage AI companies will tolerate in their pursuit of AGI  —  Most people I know in the A.I. industry think the median person is screwed, and they have no idea what to do about it.
Natasha Mascarenhas / Bloomberg:
Sources: Peter Thiel's Founders Fund raised $6B for a fund to invest in later-stage companies, marking its largest haul ever; $4.5B comes from limited partners  —  Peter Thiel's Founders Fund has raised $6 billion for a new fund to invest in later-stage companies, according to people familiar …

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From Mediagazer

Gene Maddaus / Variety:
Swiss film producer Simon Afram sues Netflix for $105M, saying Netflix lost an unencrypted copy of a film starring Nicolas Cage that he spent $45M to produce

Alex Sherman / CNBC:
NBCU's deal with YouTube Premium signals a new phase in the streaming wars where platforms weigh deals with other companies to add content to their platforms

Nellie Andreeva / Deadline:
Sources: Disney is selling its 50% stake in A+E Global Media to co-owner Hearst Communications in a deal believed to be all in cash and worth north of $1B

More News

Britney Nguyen / MarketWatch:
Sandisk reports Q3 revenue up 251% YoY to $5.95B, vs. $4.72B est., $3.62B net income, $820M in consumer revenue, below est., and forecasts Q4 revenue above est.
Annie Palmer / CNBC:
Alphabet's stock climbed 10% on Thursday and 34% in April, its best month since 2004; Meta's stock plunged 8.5% on Thursday, its steepest drop since October
Business Insider:
Sources: Meta HR chief Janelle Gale told employees she can't rule out further layoffs while Zuckerberg said AI automation is not the driving factor behind them

Earlier Picks

Todd Spangler / Variety:
Roku reports Q1 revenue up 22% YoY to $1.25B, ad revenue up 27% YoY to $613M, subscription revenue up 30% YoY to $519M, and raises its 2026 profit guidance
Thomas Barrabi / New York Post:
Court filing: Meta says it might be forced to withdraw its apps from New Mexico if a state judge orders it to adopt the state's proposed safety features
Jess Weatherbed / The Verge:
Google rolls out Gemini to cars that have Google built in, replacing Google Assistant, starting with English in the US; cars with Google first arrived in 2020
Jay Peters / The Verge:
Netflix rolls out a vertical video feed in its own Clips tab in Australia, Canada, India, Malaysia, Pakistan, the Philippines, South Africa, the UK, and the US
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