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May 5, 2026, 7:35 PM
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memeorandum
WeSmirchTop News
| 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 …
More: NIST, Wall Street Journal, Reuters, Axios, CNN, Tom's Hardware, The Guardian, Tech Brew, Crypto Briefing, Financial Times, CIO Dive, Nextgov/FCW, The Information, Barchart.com, UPI, Decrypt, crypto.news, The Next Web, Washington Examiner, and New York Times
X: @jimstewartson, @andrewcurran_, @_nathancalvin, @_nathancalvin, @nist, @the_danielking, @deredleritt3r, @allinallnotbad, @matvelloso, @bitcoinconner, @basedjensen, @emollick, and @blainedilli
LinkedIn: Chris Lehane and Christopher Okpala
Bluesky: @ericjgeller.com, @karlbode.com, and @karlbode.com
| 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 …
More: Coinbase, TechCrunch, Fortune, New York Times, CNBC, Gizmodo, Yahoo Finance, Business Insider, Barron's Online, Engadget, SFGATE, Los Angeles Times, SFist, ZyCrypto, International Business Times, Wall Street Journal, Bloomberg, Proactive, American Banker, Fast Company, DL News, The American Bazaar, The Business Times, Forbes, crypto.news, The Information, UPI, Barchart.com, Newsweek, Bitcoin Insider, The Crypto Times, ZeroHedge News, Silicon Republic, Dow Jones Newswires, Newser, Business Today, CryptoSlate, Benzinga, CryptoPotato, and The Tech Portal
X: @brian_armstrong, @sm, @hackinglz, @stevehou, @_nathancalvin, @danprimack, @dkthomp, @ashleymayer, @lisaabramowicz1, @0xsisyphus, @doodlestein, @luke_metro, @nkulw, @jamessurowiecki, @geoffreyhuntley, @jbulltard1, @evgenygaevoy, @pcaversaccio, @mikeisaac, @parikpatelcfa, and @theprimeagen. LinkedIn: Marcus Ribeiro. Threads: @carnage4life
Forums: r/BetterOffline, r/Buttcoin, and r/programare
| 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.
More: PCWorld, The New Stack, Decrypt, Mashable, Neowin, Digital Trends, The Tech Portal, TestingCatalog, and The Deep View
X: @openai, @michpokrass, @jp54362, @alexeheath, @mikelecheve, @sam_badawi, @sama, @masterwang34, @openai, @conor_d_dart, @mark_k, @enginron, @deryatr_, @sama, @openai, @teksedge, and @anushabalak. Bluesky: @davidcrespo
Forums: Hacker News and r/OpenAI
| The Information: |
Source: Anthropic plans to spend about $200B on Google's cloud and chips over five years, representing 40%+ of the “revenue backlog” Google disclosed last week — When Google last month said it would supply Anthropic with an astonishing five gigawatts of server capacity …
More: Engadget, Benzinga, Sherwood News, and The Motley Fool
X: @yuchenj_uw, @cnbcfastmoney, @shanumathew93, @edzitron, @amir, @stockmarketnerd, @howardlindzon, @jessicalessin, and @amitisinvesting. Bluesky: @edzitron.com
| Michael Acton / Financial Times: |
Apple reaches a $250M settlement in a CA federal court to resolve a false advertising class action lawsuit over the launch of a “personalized” Siri in 2024 — iPhone buyers sued the tech giant for touting features in 2024 that have yet to launch| 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’
More: Wired, The Verge, The Information, The Next Web, Fortune, Morning Star, The Economic Times, and Engadget
X: @ilex_ulmus, @jjvincent, @shakeelhashim, @garrisonlovely, and @sjgadler
Bluesky: @piotrmirowski, @davidcrespo, @bentarnoff.com, @lutzfernandez, @katie-drummond, @justinhendrix, @foxglovelegal, and @rprose
Forums: r/ArtificialInteligence, r/technology, and Slashdot
| 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,” …
More: Puck, New York Times, CNBC, Business Insider, Fortune, BBC, New York Post, The Information, SiliconANGLE, San Francisco Business Times, NBC Bay Area, Forbes, and The Verge
X: @mikeisaac, @mikeisaac, @hadas_gold, @mikeisaac, @mikeisaac, @katiemiller, @michelletomkim, @garymarcus, @mikeisaac, @mikeisaac, @mikeisaac, and @garymarcus. Bluesky: @wowbaggert
| Reuters: |
AMD reports Q1 revenue up 38% YoY to $10.25B, vs. $9.89B est., Data Center revenue up 57% to $5.8B, forecasts Q2 revenue above est.; AMD jumps 7%+ after hours — Advanced Micro Devices (AMD.O) forecast second-quarter revenue above Wall Street expectations on Tuesday, helped by keen demand …
More: Advanced Micro Devices, Thurrott, CNBC, Bloomberg, Wall Street Journal, Yahoo Finance, and Benzinga
| Dan Goodin / Ars Technica: |
Kaspersky says Daemon Tools, a widely used app for mounting disk images, has been backdoored in a monthlong compromise that has pushed malicious updates — Daemon Tools, a widely used app for mounting disk images, has been backdoored in a monthlong compromise that has pushed malicious updates …
More: Securelist, TechCrunch, The Hacker News, and BleepingComputer
Forums: r/programming and Ars OpenForum
| 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
More: Macworld, CNET, The Information, Fast Company, GSMArena.com, Spyglass, The Tech Portal, Benzinga, Neowin, Yahoo Finance, and Computerworld
Bluesky: @harrymccracken.com and @chicagomike
Forums: r/apple and MacRumors Forums
| Lola Murti / CNBC: |
More: Yahoo Finance, Motley Fool, Livemint, Asymco, Barron's Online, Blockonomi, and Axios
| Juby Babu / Reuters: |
Super Micro reports Q3 revenue up 123% YoY to $10.24B, vs. $12.33B est., forecasts Q4 revenue and adjusted profit above estimates; SMCI jumps 17%+ after hours — Super Micro Computer (SMCI.O) on Tuesday forecast fourth-quarter revenue above Wall Street estimates, banking on robust demand … | 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 …
More: Anthropic, Decrypt, Forbes, The Register, Wall Street Journal, eMarketer, Blockonomi, Yahoo Finance, and Reuters
X: @scaling01, @madisonmills22, @timhaldorsson, @linusekenstam, @claudeai, @andrewcurran_, @claudeai, @kimmonismus, and @0xarslan. LinkedIn: Cameron Karagitz
Forums: r/auscorp and r/Accounting
| 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.
More: Associated Press, Variety, Wall Street Journal, Reuters, The Hill, NPR, CNET, PYMNTS, Originally Reported …, MediaPost, Bloomberg Law, Deadline, The Wrap, Washington Post, Engadget, The Next Web, Publishers Weekly, Financial Times, The Independent, The Verge, and Newser
Forums: r/technology and r/books
| 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.
More: Engadget, XDA Developers, GeekWire, The Information, The Verge, Windows Central, VideoCardz.com, IGN, MobileSyrup, Kotaku, Game Informer, Phandroid, Notebookcheck, Digital Trends, Pure Xbox, PC Gamer, Dexerto, Polygon.com, Neowin, and The Game Post
X: @asha_shar, @jaredpalmer, @therooster, @synthpotato, @gergelyorosz, @neogoose_btw, @theo, @shinobi602, @grummz, @tomwarren, and @tomwarren
Forums: r/Games, r/gamingnews, r/consoles, r/xbox, r/gaming, and r/technology
| 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.| 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 …
More: PYMNTS, Gizmodo, TechCrunch, iTnews, The Verge, MacTech.com, Reuters, MacRumors, 9to5Mac, Digital Trends, and The Tech Portal
X: @markgurman, @markgurman, @bengeskin, @markgurman, @markgurman, and @zerohedge
Forums: r/apple, r/iphone, and MacRumors Forums
| 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 …
More: Meta Newsroom, Help Net Security, The Tech Portal, Thurrott, Digit, BERNAMA, iPhone in Canada, and Neowin
| 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 …
More: a16z crypto, TechCrunch, Bloomberg, Forbes, Fortune, Benzinga, Yahoo Finance, The Crypto Times, Crypto Briefing, Inc.com, and Bitcoin News
X: @cdixon, @digiii, @0xsharvil, @meigga, @0xnairolf, @packym, @a16zcrypto, and @sungmo_apac16z
| Patrick Seitz / Investor's Business Daily: |
GlobalFoundries reports Q1 revenue up 3% YoY to $1.63B, in line with est., and forecasts Q2 revenue and adjusted earnings above estimates; GFS closes up 9.28% — Contract chipmaker GlobalFoundries (GFS) on Tuesday beat earnings estimates on in-line sales for the first quarter.
More: Yahoo Finance, Yahoo Finance, GlobalFoundries Inc., and Reuters
X: @globalfoundries and @skundojjala
| John Reynolds / Tech.eu: |
ElevenLabs raised $550M+ in its Series D, up from a previously announced $500M, adding BlackRock, Nvidia, and others as investors; its ARR passed $500M in Q1 — ElevenLabs also said it had completed it second employee share sale in less than a year. — One of the UK's most hyped AI startups today …
More: ElevenLabs, The Information, TechCrunch, CNBC, CNBC, and Bloomberg
X: @matiii, @venturetwins, and @sebjohnsonuk
| 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 …
More: AdExchanger, OpenAI, Blockchain.News, Search Engine Land, and Mobile Dev Memo
X: @trishlaostwal, @eric_seufert, @glenngabe, and @glenngabe
| 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 …
More: Federal Trade Commission, DeviceSecurity.io, and The Record
| Jyoti Mann / The Information: |
Sources: Meta is building an OpenClaw-inspired agent internally called Hatch, to be powered by its Muse Spark model, and an agentic shopping tool in Instagram — Meta Platforms is building a consumer version of the AI agent OpenClaw and a new agentic shopping tool, people familiar with the efforts said … | Samantha Kelly / Bloomberg: |
Match Group reports Q1 revenue up 4% YoY to $864M, vs. $855M est., as Tinder's new user registrations grew for the first time since 2024, up 1% — Match Group Inc. reported first-quarter revenue that beat analysts' estimates as a decline in Tinder users moderated, suggesting its turnaround strategy is resonating with younger daters.
More: Reuters, Yahoo Finance, Match Group, and Wall Street Journal
| 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.
More: Subquadratic, Subquadratic, and The New Stack
| @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
More: MacRumors, CNET, The Verge, Tom's Guide, and The Mac Observer
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From Mediagazer
Andrew Cohen / InvestmentNews:Erik Hayden / The Hollywood Reporter:
Elsa Keslassy / Variety: