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May 5, 2026, 12:15 PM
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| 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 …
More: Engadget, Wall Street Journal, Axios, Metacurity, WDIO-TV, CSO, The Information, Mashable, The Hill, Bloomberg, Politico, Gamereactor UK, Gizmodo, Business Today, The Decoder, Noahpinion, Techstrong.ai, Forbes Middle East, The Economic Times, Dow Jones Newswires, Business Insider, and The Verge
X: @beffjezos, @nicoperrino, @bobgourley, @shakeelhashim, @elidourado, @taylordbarkley, @bcardarella, @beffjezos, @hadas_gold, @teknium, @thomas_woodside, @danturrentine, @tenobrus, @dnvolz, @chrisrmcguire, @luke_metro, @kevinbankston, @hamandcheese, @trevposts, @_nathancalvin, @tunguz, @biancoresearch, @yonashav, @castrotech, @deanwball, @garymarcus, @adamthierer, @shakeelhashim, @lilashroff, @annmarie, and @bradrcarson
Bluesky: @bdowney, @samsabin, @masnick.com, @attorneynora, @karlbode.com, and @ericjgeller.com
| 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 … | 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: Computerworld, Tom's Hardware, Portland Business Journal, Benzinga, New York Post, Yahoo Finance, iClarified, 9to5Mac, Spyglass, Android Authority, Blockonomi, The Tech Portal, SammyGuru, iPhone in Canada, Seoul Economic Daily, Digit, Cult of Mac, Proactive, The Mac Observer, MacRumors, Simply Wall St, The Next Web, SamMobile, MacDailyNews, DigiTimes, Tech in Asia, AppleInsider, Sherwood News, MacTech.com, and Reuters
Bluesky: @harrymccracken.com and @chicagomike
Forums: r/apple and MacRumors Forums
| 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 — Intel shares climbed 14% Tuesday, hitting a new all-time high as the chipmaker continued its historic run from April.
More: Barron's Online, Axios, Blockonomi, Bloomberg, 9to5Mac, Asymco, Benzinga, Yahoo Finance, and Reuters
| 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, Gizmodo, Business Insider, The Economic Times, The National, Engadget, Fortune, Morning Star, The Next Web, ComputerWeekly.com, and The Korea Times
X: @jjvincent and @shakeelhashim
Bluesky: @justinhendrix, @foxglovelegal, and @rprose
| 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: TechCrunch, Meta Newsroom, Thurrott, 9to5Mac, Digit, The Hill, and BERNAMA. LinkedIn: Joel Kaplan
| 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: Barron's Online, Business Insider, The Hill, PYMNTS, TechCrunch, DL News, Yahoo Finance, Silicon Republic, The Information, Business Today, Decrypt, Fast Company, The Block, Forbes, Wall Street Journal, The Business Times, Newsweek, CNBC, Inc.com, CoinDesk, Blockonomi, Barchart.com, UPI, Bloomberg Law, The Tech Portal, Mashable, CBS News, Reuters, Dow Jones Newswires, Benzinga, Financial Times, Dexerto, Cointelegraph, Irish Independent, Bitcoin Magazine, Bitcoin Insider, The Crypto Times, ZeroHedge News, Newser, CoinGape, CryptoPotato, NewsBTC, crypto.news, and The Stack
X: @brian_armstrong, @mikeisaac, @ashleymayer, @stevehou, @dkthomp, @lisaabramowicz1, @0xsisyphus, @doodlestein, @geoffreyhuntley, @jbulltard1, @evgenygaevoy, @pcaversaccio, and @theprimeagen. LinkedIn: Marcus Ribeiro
Forums: r/Buttcoin and r/BetterOffline
| 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, Reuters, Wall Street Journal, Fortune, The Next Web, Yahoo Finance, and Sherwood News
| @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: The Verge, 9to5Mac, MacRumors, Digit, and Android Authority
| 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, TechCrunch, and Bloomberg
| 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 and CyberInsider
| 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.| 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.| Ram Iyer / TechCrunch: |
Seattle-based CopilotKit, whose popular AG-UI protocol lets developers deploy app-native AI agents, raised a $27M Series A led by Glilot, NFX, and SignalFire — Many companies today provide AI simply as a chatbot inside their apps: you type in (or dictate) what you want it to do, and the AI bot goes and tries to do it.| 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.
More: Digit, Business Standard, 9to5Mac, Benzinga, Business Today, Cult of Mac, XimiTime, SammyGuru, and Livemint
| John Gruber / Daring Fireball: |
Source: YC owns ~0.6% of OpenAI, which was seeded by a YC offshoot called YC Research in 2016; at OpenAI's current $852B valuation, the stake is worth $5B+ — Speaking of companies with valuable minority stakes in AI companies, there's one thing that stuck in my craw about the blockbuster …
| 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: Decrypt, Fortune, CoinDesk, The Information, Unchained, Forbes, Ventureburn, Blockonomi, Crypto Briefing, Inc.com, The Crypto Times, and Bloomberg
X: @0xsharvil, @digiii, @meigga, @cdixon, @0xnairolf, @packym, @a16zcrypto, and @sungmo_apac16z
| 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 … | 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.| Ignacio Gonzalez / Bloomberg: |
Shopify reports Q1 revenue up 34% YoY to $3.17B, above $3.12B est., GMV up 35% YoY to $100.74B, and forecasts slower Q2 revenue growth; SHOP drops 10%+ — Shopify Inc. shares slumped as the company's outlook suggests its revenue growth pace may be slowing, while higher costs may dampen second-quarter profitability.| 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 … | Liv McMahon / BBC: |
Aylo says it will restore Pornhub access in the UK, but only for users who have verified their age via iOS 26.4's device-level age verification system — Pornhub's parent company Aylo says it will be making the site available again for some UK users. — The company behind … | Nikkei Asia: |
Sources: China targets 70%+ of silicon wafers that its chipmakers use to be made domestically by 2026's end, and has an unspoken mandate to use local 12" wafers — TAIPEI — China is aiming for more than 70% of silicon wafers used by its chipmakers to be made domestically by this year …
More: eeNews Europe, Tom's Hardware, and DigiTimes
| 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
More: FinSMEs
| Tamara Djurickovic / Tech.eu: |
Dutch quantum processor company QuantWare raised a $178M Series B from Intel, In-Q-Tel, and others to build KiloFab, a dedicated quantum manufacturing facility — QuantWare will use new funding to scale its quantum processor technology, expand manufacturing capacity, and accelerate … | 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 — [Editor's Note: Agents of Transformation is an independent GeekWire series, underwritten by Accenture, exploring the adoption and impact of AI and agents.
More: CNET, Microsoft 365 Blog, Microsoft, Microsoft, Forbes, TechRadar, Fast Company, The AI Economy, and Fast Company
X: @microsoft365, @microsoft, @toddbishop, and @thekenyeung
LinkedIn: Sophie Wade, Jared Spataro, and Matt Firestone
| Marissa Newman / Bloomberg: |
Zyg, an AI startup by ironSource's founders to automate business functions, raised $60M led by Accel at a $500M valuation, two months after exiting stealth — Zyg, an artificial intelligence platform created by the founders of IronSource, raised funding at a $500 million valuation just two months after coming out of stealth.
More: Globes, CTech, and The Next Web
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