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Techmeme
May 5, 2026, 10:05 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
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 …
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 UK-based financial services outsourcing business Equiniti from Siris Capital for $4.2B, set to close in January 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 US SEC allegations that he cheated Twitter shareholders in 2022 by not disclosing 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 …
@mingchikuo:
Kuo: OpenAI appears to be fast-tracking its AI agent phone with two NPUs and a custom MediaTek Dimensity 9600 SoC, targeting mass production as early as H1 2027  —  【Industry Check Update】OpenAI appears to be fast-tracking its first AI agent phone, with mass production targeted as early as 1H27. Potential drivers include supporting a year-end IPO narrative and intensifying competition in AI agent phones. MediaTek currently appears better
Yogita Khatri / The Block:
a16z crypto raised $2.2B for its fifth fund, down from its record $4.5B Fund 4 in May 2022, taking its total capital raised across five funds to ~$9.8B  —  Quick Take  — a16z crypto has raised $2.2 billion for its fifth fund as the venture capital firm points to growing use of stablecoins …
Bloomberg:
Musk v. Altman: Greg Brockman testifies that his OpenAI stake is now worth almost $30B; a Musk attorney asks why he didn't donate $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 limited his testimony about AI's existential threats
Alexandra Alter / New York Times:
Hachette, Macmillan, McGraw Hill, Elsevier, and Cengage, alongside novelist Scott Turow, file a class-action copyright lawsuit against Meta and Mark Zuckerberg  —  The class-action lawsuit accuses the tech giant and its founder and chief executive of infringing on authors' copyrights.
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
Meghan Bobrowsky / Wall Street Journal:
RadixArk, led by former xAI employee Ying Sheng, raised a $100M seed at a $400M valuation to make AI inference more efficient via its open-source SGLang engine  —  RadixArk has raised $100 million at a $400 million valuation for a software engine and framework that make inference and training more efficient to run
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 …

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This is a Techmeme archive page. It shows how the site appeared at 10:05 AM ET, May 5, 2026.

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From Mediagazer

Rebecca Rubin / Variety:
The North American box office records its biggest weekend ever with ~$430M in total, driven by Spider-Man: Brand New Day and The Odyssey

Corey G. Johnson / ProPublica:
Two watchdog groups seek federal investigations into whether two FCC members broke ethics rules by accepting free Kennedy Center tickets from Paramount

Justin Fox / Bloomberg:
US federal statistics show that Manhattan had 8.3% of newspaper jobs in 2025, despite accounting for just 0.5% of the US population

More News

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 experimenting with AI at work
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

Earlier Picks

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%
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
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
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 events
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
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
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