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Techmeme
May 8, 2026, 2:00 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.
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
Brian Krebs / Krebs on Security:
Instructure disables its Canvas edtech platform, used by thousands of schools, universities, and companies, 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 …
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 jumps 15%+  —  The iPhone maker and U.S. silicon giant will work together on chips for Apple devices.  The Trump administration pushed for the deal.
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 …
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  —  French cybercrime authorities have escalated an investigation of Elon Musk and his social network X to a criminal probe, the Paris prosecutor's office said Thursday.
Bloomberg:
Sony and TSMC announce a joint venture to build next-gen robot and car image sensors, as Sony moves from in-house manufacturing to a more asset-light approach  —  Sony Group Corp. plans a new joint venture with Taiwan Semiconductor Manufacturing Co. as the first step toward what it called …
Ignacio Gonzalez / Bloomberg:
Cloudflare reports Q1 revenue up 34% YoY to $639.8M and plans to cut 1,100+ jobs globally as it architects its company “for the agentic AI era”; NET drops 15%+  —  Cloudflare Inc. plans to cut more than 1,100 jobs globally as it accelerates its shift to an agentic AI-first operating model.
Lily Ford / The Hollywood Reporter:
Substack says paid subscriptions to creators in the UK, its second-largest market, hit 500K+; global paid subs hit 5M+, with 50+ creators earning $1M+ annually  —  Charli XCX and Jamie Oliver are among the high-profile Brits currently using Substack, as the platform reveals exclusive new data …
Isabelle Lee / Bloomberg:
Block reports Q1 revenue up 5% YoY to $6.1B, vs. $5.9B est., a $309M net loss, and raises its 2026 gross profit forecast to $12.3B, above $12.1B est.  —  Block Inc. offered a sunnier outlook for profits and growth on Thursday after orchestrating a severe round of job cuts related …
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  —  A US judge blasted the Trump administration's Department of Government Efficiency project for relying on artificial intelligence tools …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:00 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

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

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

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”
Bloomberg:
MercadoLibre reports Q1 revenue up 49% YoY to $8.8B, vs. $8.4B est., and net income down 16% YoY to $417M, vs. $433M est.; MELI drops 10%+

Earlier Picks

Jonathan Vanian / CNBC:
Nvidia and data center operator IREN announce a deal to deploy up to 5 GW of AI infrastructure; Nvidia has the right to invest $2.1B into IREN; IREN jumps 5%+
Anissa Gardizy / The Information:
Sources: OpenAI and Broadcom discuss terms for Broadcom to finance initial custom chip production for ~$18B, conditioned on Microsoft buying ~40% of the chips
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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