| 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 … | Bloomberg: |
eBay's stock jumps 5%+ to ~$109, below GameStop's $125/share acquisition offer, in a sign investors see hurdles to completing a deal; GameStop stock drops 7%+ — Meme Stock GameStop Pitches $56 Billion eBay Takeover — Video Player is loading. — Unmute — Current Time 0:00 Loaded: 36.28% Playback Rate| 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| 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 … | 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 … | 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 … | 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 … | Jack Clark / Import AI: |
| 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 … | 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| 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 … | Larry Dignan / Constellation Research: |
SAP to acquire Dremio, an open data lakehouse provider, and Prior Labs, which it pledges to invest €1B in over four years, hoping to create a frontier AI lab — SAP said it will acquire Dremio, an open data lakehouse player, in a move that aims to use SAP Business Data Cloud combine SAP data with non-SAP data.| 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 … | Tim Fernholz / TechCrunch: |
Musk v. Altman: Stuart Russell, Musk's only AI expert witness, warned of AI risks but his concerns about AI's existential threats were excluded by the judge — When do we take AI doomers seriously? — That's a key subtext of Elon Musk's attempt to shut down OpenAI's for-profit AI business.| Meir Orbach / CTech: |
Cisco agrees to acquire Astrix Security, which helps companies monitor and control the permissions granted to AI agents, a source says for approximately $400M — The Israeli startup, backed by Menlo Ventures and Anthropic, targets growing risks from non-human identities and autonomous AI agents.| 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 — Nearly all of the 20 state-run health insurance exchanges in the US have added advertising trackers that transmit user activity … | 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 … | 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| 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.| 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.| 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 … | 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 … | Jonathan Vanian / CNBC: |
Pinterest reports Q1 revenue up 18% YoY to $1B, vs. $966M est., MAUs up 11% YoY to 631M, and forecasts Q2 revenue above estimates; PINS jumps 17%+ after hours — Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 17% after the report.| Akash Sriram / Reuters: |
Duolingo reports Q1 revenue up 27% YoY to $292M, vs. $288.5M est., bookings up 14% to $308.5M, and expects slower growth in Q2; DUOL drops 12%+ after hours — Duolingo (DUOL.O) posted strong first-quarter results but signaled a more measured growth trajectory ahead, as the language-learning …
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