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Techmeme
May 5, 2026, 8:05 AM
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Top News

New York Times:
Sources: the Trump administration is discussing an EO to form an AI working group that would examine AI oversight procedures, like vetting models before release  —  The Trump administration, which took a noninterventionist approach to artificial intelligence, is now discussing imposing oversight …
Bloomberg:
Sources: Apple held exploratory talks with Intel and Apple executives visited a Samsung plant in Texas to explore producing core chips for its devices in the US  —  Apple Considers Using Intel, Samsung to Build Device Processors  —  Video Player is loading.  —  Unmute
Foo Yun Chee / Reuters:
Meta says it will expand Instagram teen account safeguards to 27 EU countries, and plans to roll them out on Facebook in the US, ahead of the UK and EU in June  —  Meta Platforms (META.O) will expand technology safeguards for teen accounts to 27 European Union countries and to Facebook in the United States …
More: RTÉ
Alice Speri / The Guardian:
Letter: UK-based Google DeepMind workers voted to unionize with the Communication Workers Union and Unite in April, representing 1K+ staff, amid the US DOD deal  —  Exclusive: Worker pointed to Iran war and Pentagon's Anthropic feud as indications the department is ‘not a responsible partner’
Emily Nicolle / Bloomberg:
Crypto exchange Bullish agrees to acquire Equiniti, a UK-based financial services outsourcing business, from Siris Capital in a $4.2B deal, set to close in 2027  —  Bullish agreed to buy Equiniti from Siris Capital in a $4.2 billion deal, as the crypto exchange seeks to expand in blockchain-based capital markets infrastructure.
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:
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 …
Tim Fernholz / TechCrunch:
Musk v. Altman: Stuart Russell, Elon Musk's only AI expert witness, warned of AI risks, but the judge excluded his concerns about AI's existential threats
Reuters:
Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying “AI is changing how we work”  —  Coinbase (COIN.O) said on Tuesday it will cut about 700 jobs, or about 14% of its global workforce …
Todd Bishop / GeekWire:
Microsoft's 2026 Work Trend Index: a survey of 20K AI users finds 65% fear falling behind, but only 13% report being rewarded for workplace AI experimentation  —  [Editor's Note: Agents of Transformation is an independent GeekWire series, underwritten by Accenture, exploring the adoption and impact of AI and agents.
Marissa Newman / Bloomberg:
Zyg, an AI startup by ironSource's founders to automate business functions, raised $60M led by Accel at a $500M valuation, two months after exiting stealth  —  Zyg, an artificial intelligence platform created by the founders of IronSource, raised funding at a $500 million valuation just two months after coming out of stealth.
More: CTech
Kimberley Kao / Wall Street Journal:
Vodafone plans to take full ownership of its VodafoneThree joint venture with Hong Kong conglomerate CK Hutchison, which agrees to sell its 49% stake for £4.3B  —  The deal is expected to be completed in the second half of 2026  —  Vodafone Group will take full ownership of its joint venture …
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 …
Bloomberg:
How Europe is falling behind in the global crypto race, as delays to the ECB's digital euro leave the bloc exposed to US-led stablecoin dominance  —  In the contest over the future of money, the US dollar has a huge head start  —  When Christine Lagarde addressed a central bank conference late last year, her frustration was clear.
Berber Jin / Wall Street Journal:
Sources: Sam Altman discussed spinning out OpenAI's robotics and consumer hardware divisions in late 2025 to give them more room to grow; the plan was rejected  —  Company is considering an Alphabet-like structure for its portfolio of products, though no discussions are currently active
New York Times:
Investigation: an inheritance dispute over an ex-LG chair's estate prompts a criminal complaint over how the dynastic South Korean chaebol family divides assets  —  On a Thursday afternoon in June 2020, two executives from the LG finance department arrived at the hilltop home of Kim Young-shik …
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 …

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This is a Techmeme archive page. It shows how the site appeared at 8:05 AM ET, May 5, 2026.

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From Mediagazer

Kelcee Griffis / Bloomberg:
The FCC approves Paramount's request for foreign ownership above 25% in its proposed WBD acquisition; foreign owners would hold 49.5% of its Class B shares

Protect Democracy:
A bipartisan group of 18 former FCC officials files a brief supporting ABC's request to halt the FCC's early review of its broadcast licenses

Peter Kafka / Business Insider:
Universal says it remains committed to releasing Alex Gibney's Musk documentary internationally, after a report said it was reconsidering; US debut is October 9

More News

Owen Tucker-Smith / Wall Street Journal:
As Colorado tech leaders say that burdensome regulations are driving companies away, lawmakers introduce a slimmer version of an AI anti-discrimination bill
Jaspreet Singh / Reuters:
Palantir reports Q1 revenue up 85% YoY to $1.63B, above $1.54B est., US government revenue up 84% YoY to $687M, and US commercial revenue up 133% YoY to $595M
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
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

Earlier Picks

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
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
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 an owner's feelings
Bloomberg:
Nearly 20 US state-run health insurance exchanges include ad trackers that send user data like race and citizenship info to Meta, TikTok, Google, and others
Natasha Mascarenhas / Bloomberg:
Katie Haun raised $1B for two funds split between early and later-stage investments, looking at startups blending financial services, AI, and alternative assets
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
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