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Techmeme
May 8, 2026, 5:10 PM
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Top News

Bloomberg:
Nintendo says it will increase the price of the Switch 2 globally on September 1, from $450 to $500 in the US, and the price of the original Switch in Japan  —  Nintendo Co. said it will increase the price of its Switch 2 console to $500 from $450, acknowledging pressure on profitability …
Arjun Kharpal / CNBC:
Nintendo reports Q4 revenue of ~$2.60B, below ~$2.75B est., net profit of ~$416M, above ~$403.68M est., and forecasts a decline in FY 2027 Switch 2 unit sales  —  Nintendo will hike the retail price of the Switch 2 after forecasting a decline in sales for its flagship console as the memory chip crunch hits the Japanese gaming giant.
Wall Street Journal:
Sources: Apple and Intel have reached a formal deal in recent months for Intel to manufacture some chips for Apple devices; INTC closes up 13.93%  —  The iPhone maker and U.S. silicon giant will work together on chips for Apple devices.  The Trump administration pushed for the deal.
Brian Krebs / Krebs on Security:
Instructure says its Canvas edtech platform has been restored after disabling it amid a data extortion attack claimed by ShinyHunters  —  An ongoing data extortion attack targeting the widely-used education technology platform Canvas disrupted classes and coursework at school districts …
Associated Press:
A hack of Instructure's Canvas locked out students at schools and universities across the US in the middle of finals period; some US colleges postponed exams  —  Schools and universities across the country are recovering from an outage that knocked down Canvas, an online platform that manages exams …
Kai Nicol-Schwarz / CNBC:
Sony reports Q4 revenue up 8% YoY to ~$19.4B, above ~$18.4B est., ~$1.06B operating profit, below ~$1.7B est., and forecasts FY 2027 net profit up 13% to ~$7.4B  —  Japanese entertainment giant Sony on Friday said it expects annual profit to rise as revenue from some business segments …
Wesley Yin-Poole / IGN:
Sony reports a $765M impairment loss due to Marathon developer Bungie's underperformance during its FY ending March 31, 2026; Sony acquired Bungie in early 2022  —  Extracting value.  —  Sony has reported a $765 million impairment loss due to underperformance of Marathon developer Bungie during its last financial year.
Sam Nussey / Reuters:
Sony reports 1.5M PS5 unit sales in Q4, down 46% YoY, and forecasts annual sales at its gaming business to fall 6% YoY to ~$28B, amid a memory chip price surge
Russell Brandom / TechCrunch:
Mozilla says Anthropic's Mythos Preview and other AI models helped it identify and ship 423 Firefox security bug fixes in April, compared to 31 a year earlier  —  When Anthropic unveiled its new Mythos model in April, it also delivered a stern warning to anyone developing software.
Reuters:
European Central Bank President Christine Lagarde expressed skepticism over the need for euro-pegged stablecoins, saying they could hamper the ECB's work  —  European Central Bank President Christine Lagarde expressed scepticism on Friday over the need for stablecoins pegged to the euro …
Financial Times:
Sources: Anthropic weighs raising up to $50B at a ~$900B pre-money valuation, likely closing within two months, as its annualized revenue is set to cross $45B  —  Start-up behind Claude tool is fielding inbound investment offers that could lead to it surpassing rival OpenAI in value
Wall Street Journal:
Sources: White House unease over Mythos has left some Trump officials and congressional aides fearful that it represents a reversal of its hands-off AI policy  —  Administration's effort to be involved in rollout of new models marks shift  —  WASHINGTON—On a recent call with the heads …
Nathan Lambert / Interconnects AI:
Impressions of China's AI ecosystem after visiting many leading AI labs there, and the similarities and differences in working on LLMs in China and the West  —  Lessons from my trip to talk to most of the leading AI labs in China. … Audio playback is not supported on your browser.  Please upgrade.
Bloomberg:
Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $125-$135 after drawing orders for more than 20x the number of shares available  —  Cerebras Systems Inc. is set to increase the price range of its initial public offering as soon as Monday …
Bloomberg:
Sources: Isomorphic Labs, an AI-powered drug discovery company spun out of Google DeepMind, is in advanced talks to raise $2B+ led by Thrive Capital  —  Isomorphic Labs, an AI-powered drug discovery company spun out of Alphabet Inc.'s Google DeepMind, is in advanced discussions to raise …
More: Benzinga
Olivia Solon / Bloomberg:
OnlyFans agrees to sell a ~16% stake to Architect Capital for $535M in a deal that values the company at about $3.15B  —  OnlyFans, the platform best known for adult content, agreed to sell a minority stake to Architect Capital in a deal that values the British company at about $3.15 billion.

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This is a Techmeme archive page. It shows how the site appeared at 5:10 PM ET, May 8, 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

Borys Kit / The Hollywood Reporter:
Netflix wins rights to the Sesame Street movie; Rideback, the production company behind live-action Lilo & Stitch and Aladdin movies, will produce the feature

Max Tani / Semafor:
The Atlantic ramps up its video podcasts, doubling its video team from ~10 to ~20, and says its podcast revenue is up 104% YoY and downloads rose ~50% YoY

New York Times:
People Inc., a major food content creator, is ramping up social media video production that emphasizes human-made recipes and testing to stand out from AI slop

More News

Sam Sabin / Axios:
OpenAI rolls out GPT-5.5-Cyber, a security-focused GPT-5.5, in limited preview to vetted cybersecurity teams “responsible for securing critical infrastructure”

Earlier Picks

Zoe Tillman / Bloomberg:
A US judge blocks DOGE's termination of ~$100M in National Endowment for the Humanities grants, saying ChatGPT prompts used to decide the cuts were ill-defined
Lora Kolodny / CNBC:
French prosecutors escalate an investigation into Elon Musk and X, focused on alleged algorithmic manipulation and sexual deepfakes, to a criminal probe
Ignacio Gonzalez / Bloomberg:
Cloudflare reports Q1 revenue up 34% YoY to $639.8M and plans to cut 1,100+ jobs as it architects its company “for the agentic AI era”; NET closes down 23.62%
Zac Hall / 9to5Mac:
OpenAI launches three voice models in the API: GPT-Realtime-2 with GPT-5-class reasoning, GPT-Realtime-Whisper for transcription, and GPT-Realtime-Translate
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