Techmeme
May 5, 2026, 11:10 PM

Top News

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 …
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:
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 …
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 …
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 …
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.
Jay Peters / The Verge:
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,” …
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 …
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 …
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 …
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 …
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 …
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 …
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.
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.
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.
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.
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 …
New York Times:
US labor experts and economists warn US unemployment benefits are unlikely to protect against AI job losses, and the GOP-led Congress is doing little to prepare  —  Economists aren't sure if or when artificial intelligence will cause widespread job losses.  But they do agree on one thing …

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Lola Murti / CNBC:
John Reynolds / Tech.eu:
Emily Nicolle / Bloomberg:
Alice Speri / The Guardian: