Techmeme
May 5, 2026, 9:05 PM

Top 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 …
Michael Acton / Financial Times:
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 …
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 …
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.
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 …
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,” …
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.
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 …
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 …
Hugh Langley / Business Insider:
Doc and sources: Google is testing an agent in the Gemini app, internally named Remy, that can integrate with Google services to take actions on a user's behalf  —  - Google is working on an AI agent codenamed “Remy,” according to an internal document.  — Remy is described as a …
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 …
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 …
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 …
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.
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 …
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:
Sources: Alphabet sold its biggest-ever euro-denominated bonds, raising €9B, and its first Canadian dollar notes, raising CA$8.5B, months after raising $20B  —  Alphabet Inc. needs to borrow heavily to fund investments in artificial intelligence, and it's increasingly tapping every market to do so.
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.
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 …
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 Inc. has held exploratory discussions about using Intel Corp. and Samsung Electronics Co. to produce the main processors …
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 …
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.

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:
Control before consequence: Governing enterprise email with Zoho Mail rules  —  At 9:17 AM, the CFO receives an email.It looks legitimate.It references an ongoing vendor payment.It uses the correct company logo …
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.

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.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:05 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.

More News

Earlier Picks

Paige Smith / Bloomberg:
@mingchikuo: