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May 4, 2026, 7:45 PM
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Top News

New York Times:
Sources: the Trump administration is discussing an EO to create an AI working group to examine AI oversight procedures, including vetting models before release  —  The Trump administration, which took a noninterventionist approach to artificial intelligence, is now discussing imposing oversight …
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 …
Bloomberg:
Musk v. Altman: Greg Brockman testifies that his OpenAI stake is now worth ~$30B; a Musk attorney asks why he hasn't donated $29B to OpenAI's nonprofit arm  —  OpenAI co-founder and President Greg Brockman testified that his stake in the startup is now worth almost $30 billion …
Christopher Mims / Wall Street Journal:
Ex-iRobot CEO Colin Angle launches Familiar Machines & Magic and unveils Familiar, a dog-like, “emotionally intelligent” robot that reacts to owner's feelings  —  The inventor behind the world-famous robot vacuum is now designing robots that form an emotional bond with their owners
Nicola M White / Bloomberg:
Elon Musk agrees to pay $1.5M to settle SEC allegations that he cheated Twitter shareholders in 2022 by failing to disclose the 5%+ stake he had in the company  —  Elon Musk agreed to settle Securities and Exchange Commission allegations that he cheated Twitter shareholders out of millions …
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 and Anthropic PBC are both forming joint ventures with some of world's most recognizable financial institutions in a race …
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
Jack Clark / Import AI:
Anthropic co-founder explains why there's a 60%+ chance of AI systems autonomously building their successors by 2029 and the consequences of automated AI R&D  —  The first step towards recursive self improvement  —  Welcome to Import AI, a newsletter about AI research.
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 …
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) is opening the supply-chain network that has powered its operations for decades to other businesses …
Tanaya Macheel / CNBC:
Crypto stocks jump after lawmakers struck a compromise on the CLARITY Act to preserve stablecoin rewards under certain conditions; Circle's stock closed up ~20%  —  Shares of Circle surged after lawmakers over the weekend struck a compromise on the market structure bill known as the CLARITY Act …
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 …
Mark Gurman / Bloomberg:
Sources: Apple prepares a “Create a Pass” feature for iOS 27, which lets users take a QR code and generate a custom pass around it for concerts and other venues  —  Apple Inc. is preparing a new “Create a Pass” feature for its next major iPhone software update …
Jaspreet Singh / Reuters:
Palantir reports Q1 revenue up 85% YoY to $1.63B, vs. $1.54B est., US government revenue up 84% to $687M, and US commercial revenue up 133% to $595M  —  Palantir Technologies (PLTR.O) beat Wall Street estimates for first-quarter revenue on Monday, driven by rising demand for its data analytics software …
Peter Loftus / Wall Street Journal:
How AI is transforming the pharma industry, with most gains so far from back-office streamlining and faster manufacturing rather than breakthrough drug research  —  Drug companies like Eli Lilly and Roche are racing to build supercomputers to help fix the 90% failure rate in drug development
Diana Novak Jones / Reuters:
New Mexico child safety trial: New Mexico asks a judge to declare Meta a public nuisance and to order it to pay $3.7B and overhaul its apps to protect children  —  The U.S. state of New Mexico on Monday asked a judge to declare Meta Platforms (META.O) a public nuisance …
Olivia Poh / Bloomberg:
Grab reports Q1 revenue up 24% YoY to $955M, above est., and a $154M adjusted EBITDA, vs. $146.3M est., helped by resilient demand for ride hailing and delivery  —  Grab Holdings Ltd. reported first-quarter profit that exceeded analysts' estimates, helped by resilient demand for ride hailing …
More: Grab
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 …
Dylan Martin / CRN:
Intel taps Alex Katouzian, an ex-Qualcomm EVP, to lead Client Computing & Physical AI group, and names Pushkar Ranade as CTO, after serving on an interim basis  —  With the hiring of Alex Katouzian, who was responsible for mounting a new challenge against Intel's PC dominance …
New York Times:
Former Trump and Biden AI advisers Dean Ball and Ben Buchanan urge bipartisan action on AI security risks, including tighter export controls and safety audits  —  We come from different parties and have guided artificial intelligence policy under very different presidents.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:45 PM ET, May 4, 2026.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Erik Hayden / The Hollywood Reporter:
Vox Media sells The Verge, SB Nation, Thrillist, The Dodo, and more to Penske; Vox's Ryan Pauley will join Penske as president of PMX, the new media brands unit

Stephen Bush / Financial Times:
The BBC will damage or scrap some crown jewels in current affairs by canceling The World Tonight, Crossing Continents, and Money Box Live, and making other cuts

Elsa Keslassy / Variety:
Netflix subscribers in France can now access TF1 broadcasts and TF1+ on-demand content within Netflix at no extra cost; TF1 handles ad sales and programming

More News

Bloomberg:
Nearly 20 US state-run health insurance exchanges include ad trackers that send user data like race and citizenship info to companies like Meta, TikTok, Google
Reuters:
Investment and tech firm Long Lake says it will buy corporate travel operator Amex GBT for $6.3B, citing AI's ability to modernize the business travel sector
Alex Bronzini-Vender / New York Magazine:
Inside Palantir Foundation's Atlantic and Pacific Forum at Yale for invited students: State Dept. and Palantir staff share a vision of mixing AI and state power
Tim Bradshaw / Financial Times:
Panthalassa, which aims to power floating data centers using energy generated by ocean waves, raised $140M led by Peter Thiel, source says at a $1B valuation

Earlier Picks

Bloomberg:
eBay's stock jumps 5% to $109.33, below GameStop's $125/share acquisition offer, in a sign investors see hurdles to completing a deal; GameStop stock drops 10%
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”
More: YouTube, Tech4Gamers, and Yahoo Finance
X: @scsp_ai.  LinkedIn: Ylli Bajraktari.  Forums: r/business, r/China, and r/pcmasterrace
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
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
More: The Decoder.  LinkedIn: Chris Adams and Mark Butcher
Bluesky: @aethien and @westbywest.  Mastodon: @davidgerard@circumstances.run
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