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May 5, 2026, 3:50 PM
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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:
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 …
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:
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
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 …
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.
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.
Bloomberg:
Musk v. Altman: Greg Brockman testified about tense negotiations with Musk in 2017, saying “he knows rockets, he knows electric cars” but “does not know AI”  —  OpenAI President Greg Brockman testified that Elon Musk called a ChatGPT predecessor “stupid,” …
@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
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.
Counterpoint Research:
In Q1, the iPhone 17 was the world's best-selling smartphone, with 6% of global sales; the iPhone 17 Pro Max and 17 Pro were 2nd and 3rd, and Galaxy A07 was 4th  —  Harshit Rastogi is Senior Analyst based out of Gurgaon, India.  He closely tracks global handset market ecosystem and wearables.
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 …
Kyt Dotson / SiliconANGLE:
Subquadratic launches with a $29M seed and debuts SubQ, an LLM that uses a subquadratic sparse attention architecture to achieve a 12M-token context window  —  Subquadratic, a company developing a novel generative artificial intelligence model, launched today with $29 million in seed funding.
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.

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This is a Techmeme archive page. It shows how the site appeared at 3:50 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

Andrew Cohen / InvestmentNews:
Robinhood plans to shutter the Sherwood News site in favor of newsletters and the Robinhood app; at least three reporters were cut in company layoffs this week

Elsa Keslassy / Variety:
Netflix subscribers in France can now access TF1 broadcasts and TF1+ on-demand content within Netflix at no extra cost; TF1 handles ad sales and programming

Erik Hayden / The Hollywood Reporter:
A report by LA officials estimates that the Paramount-WBD deal places about 2.5K jobs in LA and 6K jobs globally at risk due to duplicative roles

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

Earlier Picks

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%+
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