| Lauren Thomas / Wall Street Journal: |
GameStop makes an unsolicited ~$56B offer to buy eBay after building a ~5% stake, offering $125/share in cash and stock, a ~20% premium on May 1's closing price — EBay said Monday its board and financial advisers would review GameStop's unsolicited proposal| Bloomberg: |
eBay's stock jumps 6%+ to ~$111, below GameStop's $125/share acquisition offer, in a sign investors see hurdles to completing a deal; GameStop's stock drops 6%+ — Meme Stock GameStop Pitches $56 Billion eBay Takeover — Video Player is loading. — Unmute — Current Time 0:00 Loaded: 36.28% Playback Rate| Wall Street Journal: |
Anthropic announces a JV with Blackstone, Goldman Sachs, and Hellman & Friedman that aims to sell AI tools to companies; sources: the JV is worth ~$1.5B — Anthropic, Blackstone and Hellman & Friedman each expected to invest around $300 million; Goldman Sachs also an investor| Ashley Capoot / CNBC: |
Filing: Elon Musk texted Greg Brockman about settling days before trial; after being denied, he said Brockman and Altman “will be the most hated men in America” — Two days before Elon Musk's multi-billion-dollar lawsuit against OpenAI was slated to head to trial … | Reuters: |
Cerebras seeks a valuation of up to $26.62B in its US IPO, aiming to raise $3.5B by selling 28M shares at $115 to $125 apiece in its second attempt to go public — Nvidia-rival Cerebras is seeking a valuation of as much as $26.62 billion in its U.S. initial public offering … | Seth Fiegerman / Bloomberg: |
Source: OpenAI has raised $4B+ at a $10B pre-money valuation for The Deployment Company, a new joint venture that will aim to help businesses adopt OpenAI tools — OpenAI has raised more than $4 billion for a new joint venture that will focus on helping businesses adopt its artificial intelligence software … | Deborah Sophia / Reuters: |
Amazon debuts Supply Chain Services, which lets companies use its logistics network to move, store, and deliver everything from raw materials to final products — Amazon.com (AMZN.O) said on Monday it was rolling out “Amazon Supply Chain Services”, opening up its logistics network for other businesses to use.| Financial Times: |
Sources: some lenders are exploring private deals to sell their data center debt, and some banks are seeking to offload their Oracle-linked loans at a discount — Global lenders explore private deals and risk transfers to cut exposure to AI boom — Banks are hunting for new ways … | Ionut Arghire / SecurityWeek: |
Instructure reported a data breach on April 30; ShinyHunters adds Instructure to its victims list, claiming it has 3.65TB of data from nearly 9,000 institutions — Hackers disrupted services and stole names, email addresses, student ID numbers, and user messages.| Wall Street Journal: |
An analysis of 1.6M Polymarket accounts since November 2022: 0.1% of users get 67% of the profits, with the highest-frequency traders seeing the most success — A WSJ analysis shows a small number of accounts on Polymarket and Kalshi—often pros using data-driven algorithmic trading—take home most of the winnings| Anton Shilov / Tom's Hardware: |
Jensen Huang said Nvidia's market share of AI accelerators in China has “now dropped to zero” and that the US' export policy “has already largely backfired” — US export restrictions bite. … Nvidia CEO Jensen Huang said that the company's market share of AI accelerators in China has now dropped to 0%.| Kate Rooney / CNBC: |
Bret Taylor's Sierra, which sells AI customer service agents, raised a $950M Series E led by Tiger and GV at a $15.8B post-money valuation, up from $10B in 2025 — Artificial intelligence startup Sierra is raising nearly a billion dollars in a new funding round, CNBC has learned … | Natasha Mascarenhas / Bloomberg: |
Katie Haun raises $1B for two funds split between early and later-stage investments, looking at startups blending financial services, AI, and alternative assets — Katie Haun, a former Andreessen Horowitz general partner and federal prosecutor who made her name investigating digital assets … | Ben Weiss / Fortune: |
Trump's World Liberty Financial countersues Tron founder Justin Sun, alleging defamation, contract violations, and more — One of the Trump family's biggest early crypto backers is now a foe. In response to claims of fraud by billionaire Justin Sun, the Trump-backed crypto firm World … | Terrence O'Brien / The Verge: |
Music streaming services are adapting to the flood of AI-generated music by labeling, not recommending, and demonetizing tracks, using detection tools, and more — The use of generative AI in pop music started almost as a gimmick. There was a sense of experimentalism to 2018's I AM AI … | Rashi Shrivastava / Forbes: |
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