Open Links In New Tab
Mobile Archives Advertise Site News Contact Editors
Techmeme
May 5, 2026, 3:10 PM
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Events Newsletter

Top News

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 …
Bloomberg:
The US Commerce Department's CAISI says Google, Microsoft, and xAI join OpenAI and Anthropic in granting early access to evaluate models prior to public release  —  Alphabet Inc.'s Google, Microsoft Corp. and xAI have agreed to give the US government early access to their artificial intelligence models …
OpenAI:
OpenAI launches GPT-5.5 Instant, which it says is smarter, with more accurate and personalized responses, replacing GPT-5.3 Instant as ChatGPT's default model  —  We're updating ChatGPT's default model, available to everyone, to be smarter and more accurate, with clearer, more concise answers that feel better tailored to you.
Megan Morrone / Axios:
OpenAI says GPT-5.5 Instant produces 52.5% fewer hallucinated claims “on high-stakes prompts covering areas like medicine, law, and finance”  —  - GPT-5.5 Instant is rolling out to all ChatGPT users and to the API.  —  Enhanced personalization is initially for Plus and Pro on the web.
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
Lola Murti / CNBC:
Intel's stock jumps 12%+ and hits a new all-time high on a report that Apple has had early-stage talks with Intel to produce chips for Apple's devices in the US
Emma Roth / The Verge:
Meta is using AI on Facebook and Instagram to detect under-13 users by analyzing bone structure, height, and visual cues, but says it's “not facial recognition”  —  ‘We want to be clear: this is not facial recognition,’ Facebook says. … Facebook and Instagram have a new way to detect …
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’
Jordan Novet / CNBC:
Memo: Xbox CEO Asha Sharma overhauls the group's leadership, including bringing over executives from Microsoft's CoreAI engineering unit where she worked before  —  Microsoft Xbox CEO Asha Sharma told employees in a Tuesday memo that she's appointing new leaders, as the software company looks to return its video game unit to growth.
Mark Gurman / Bloomberg:
Sources: Apple plans to let users choose from multiple third-party AI models to perform tasks like generating and editing text and images in iOS 27  —  Apple Inc. will let users choose from a range of outside artificial intelligence services to power features across its software …
@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
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.
Shirin Ghaffary / Bloomberg:
Anthropic unveils 10 new AI agents for the financial sector, including for drafting pitch decks, reviewing financial statements, and escalating compliance cases  —  Anthropic PBC unveiled a set of new artificial intelligence agents designed to handle a broader mix of financial services tasks …
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.
Sergiu Gatlan / BleepingComputer:
The FTC will ban data broker Kochava and its subsidiary CDS from selling Americans' location data as part of a settlement over charges brought in 2022  —  The Federal Trade Commission (FTC) will ban data broker Kochava and its subsidiary Collective Data Solutions (CDS) from selling location …
Jonathan Stempel / Reuters:
Pennsylvania sues Character.AI, alleging that one of its characters posed as a psychiatrist, as the state seeks to prevent chatbots from impersonating doctors  —  Pennsylvania has sued the artificial intelligence company behind Character.AI to stop its chatbot from posing as doctors.
Sara Fischer / Axios:
OpenAI rolls out a beta version of its new Ads Manager tool to advertisers in the US, making it easier for SMBs to buy ChatGPT ads on a cost-per-click basis  —  OpenAI has launched a self-serve advertising platform, executives said, marking a significant step in its goal of generating $2.5 billion …
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 …
Natasha Mascarenhas / Bloomberg:
Sao Paulo-based Enter, which uses AI to handle litigation for companies like Airbnb, raised $100M led by Founders Fund at a $1.2B valuation  —  Enter, a Brazilian AI legal startup, has tripled its valuation to $1.2 billion in a new round of funding, vaulting it into the upper ranks of artificial intelligence companies in Latin America.
Paige Smith / Bloomberg:
PayPal reports Q1 revenue up 7% YoY to $8.4B and plans $1.5B+ in savings over the next 2-3 years, a source says including a ~20% workforce cut; PYPL drops 10%+  —  PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter …

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cape:
Most carriers track everything.  Cape doesn't.  —  Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more.  Switch today and get 29% off for life.
Zoho:
Microsoft retires EWS: What it means for Microsoft 365 to Zoho Mail migrations  —  Microsoft has officially announced the retirement of Exchange Web Services (EWS) for Exchange Online.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Sponsor Techmeme

Featured Podcasts

Training Data:
 Chai Discovery's Bitter Lesson: Drug Design Is Another Scaling Problem
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Invest Like the Best:
 Gavin Baker - AI Market Jitters
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Lenny's Podcast:
 This CPO regrets that product management exists | Tom Verrilli (CPO of Whatnot)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
The Talk Show With John Gruber:
 'What's in Louie's Wallet', With Louie Mantia
The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.
Subscribe to The Talk Show With John Gruber.
Big Technology Podcast:
 Leopold Blows Up, OpenAI Drastically Cuts Prices, Microsoft's Best Day
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Tools and Weapons with Brad Smith:
 Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
Add your podcast here
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:10 PM ET, May 5, 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

Benjamin Mullin / New York Times:
Former 60 Minutes correspondents Sharyn Alfonsi and Scott Pelley plan to serve as part-time journalists-in-residence at Columbia during the coming academic year

Rebecca Rubin / Variety:
Sony's Spider-Man: Brand New Day opened to a record-setting $360M in North America, beating Avengers: Endgame's $357M; globally, it hit $932M, second to Endgame

Natsumi Kawasaki / Nikkei Asia:
MPA: Southeast Asia's premium VOD subscribers rose 15% YoY to 75M in Q2, with viewing hours up ~33%; streaming revenue is projected to grow 14% to $2.9B in 2026

More News

Tamara Djurickovic / Tech.eu:
Dutch quantum processor company QuantWare raised a $178M Series B from Intel Capital, In-Q-Tel, and others to build KiloFab, a quantum manufacturing facility
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

Earlier Picks

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
Owen Tucker-Smith / Wall Street Journal:
As Colorado engineers and VCs say that burdensome regulations are driving startups away, lawmakers introduce a slimmer version of an AI anti-discrimination bill
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
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
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Events Newsletter