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May 4, 2026, 12:50 PM
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Top News

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
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 …
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 4%+ to ~$108, below GameStop's $125/share acquisition offer, in a sign investors see hurdles to completing a deal; GameStop stock drops 10%+  —  Meme Stock GameStop Pitches $56 Billion eBay Takeover  —  Video Player is loading.  —  Unmute  —  Current Time 0:00 Loaded: 36.28% Playback Rate
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 …
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 …
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.
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  —  US tech billionaire leads $140mn investment into Panthalassa as search for AI power pushes into exotic new frontiers
More: Panthalassa
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  —  At a quiet conference at Yale, the company and its allies sketched a vision for AI, state power, and how to mix the two.
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 …
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%.
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
More: Benzinga, W, and CoinDesk
LinkedIn: Neil Mehta and Alan Jagolinzer
Bluesky: @chrisshank.com and @paleofuture.  Forums: Hacker News
Rashi Shrivastava / Forbes:
A profile of music AI startup Suno, valued at $2.45B, has 2M+ paying users, and had $300M annualized revenue in February, as it fights record labels and artists

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From Mediagazer

The Wrap:
Valnet settles a defamation suit with The Wrap that sought $64.5M after a judge threw out most of the central claims of defamation based on three 2025 articles

Denise Petski / Deadline:
Amazon Prime Video sets November 20 for the premiere of “Melania, The Series”, the two-episode follow-up to Brett Ratner's “Melania” documentary

The Athletic:
Sources: SNY cancels Sportsnite and Baseball Night in New York and lays off much of its editorial staff; it keeps pregame and postgame shows for Mets and Jets

More News

Ben Weiss / Fortune:
Trump's World Liberty Financial countersues Tron founder Justin Sun, alleging defamation, contract violations, and more
Jonathan Vanian / CNBC:
The jury-less bench trial phase of Meta's child safety case in NM begins today to determine if Meta's actions were a public nuisance and warrant product changes

Earlier Picks

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