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May 16, 2026, 10:00 PM
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memeorandum
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| Deedy / @deedydas: |
SF vibes are frenetic over the huge divide in outcomes and career uncertainty for software engineers; over 5 years ~10K people in AI attained retirement wealth — The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I've ever seen. Over the last 5yrs, a group of ~10k people - employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders - have hit retirement wealth of well above $20M (back of the envelope
More: TechCrunch and The Decoder
| Terrence O'Brien / The Verge: |
In an experiment that let Claude, ChatGPT, Gemini, and Grok run radio stations, Claude tried to incite a revolution and Gemini cheerfully detailed tragic events — Claude tried to incite a revolution, Gemini cheerfully detailed horrific tragedies, and poor Grok was just confused.
More: Andon Labs, Andon Labs on YouTube, and Business Insider
X: @emollick, @andonlabs, @kelseytuoc, @andonlabs, @andonlabs, @andonlabs, @andonlabs, and @andonlabs. LinkedIn: The Verge. Bluesky: @terrenceobrien. Forums: r/ClaudeAI
| Bloomberg: |
Vietnam's government, which once saw video games as a social risk, named gaming as one of its key cultural industries in 2025 and now promotes them at expos — Communist officials who long viewed video games as a social risk now see them as key to a knowledge-driven economy.| Matthew Boesler / Bloomberg: |
US Bureau of Labor Statistics data: employment in 18 AI-exposed occupations fell 0.2% between May 2024 and May 2025, while the broader US labor market rose 0.8% — Several US occupations expected to be impacted by artificial intelligence saw heavy job losses for a second year in 2025 … | Mike Lee / Politico: |
Hill County, which faced eight new data centers, passed what may be Texas' first county-wide ban on them, for one year; the state trails only VA in data centers — Opposition to data centers is spreading in regions led by both Democrats and Republicans, as politicians try to balance economic development … | Dominic-Madori Davis / TechCrunch: |
Nectar Social, which offers an agentic OS for marketers, raised a $30M Series A led by Menlo Ventures, with GV and True Ventures among investors — AI-powered marketing platform Nectar Social announced Thursday that it raised a $30 million Series A round led by Menlo Ventures and its Anthology Fund …
More: FinSMEs
| Bloomberg: |
ASML will partner with Tata Electronics to help it bring an $11B 300mm chip factory online in Gujarat, expanding India's ability to produce chips domestically — ASML Holding NV entered into a partnership agreement with Tata Electronics Private Limited aimed at ramping up India's goal …
More: Times of India, Crypto Briefing, The Tech Portal, Reuters, The Economic Times, and The Hindu
| Kwanwoo Jun / Wall Street Journal: |
South Korea's Hana Bank agrees to acquire a 6.55% stake in Dunamu, which runs South Korea's largest crypto exchange Upbit, for $672.5M from Kakao — The deal would make Hana Bank the fourth largest shareholder in Dunamu — Hana Bank will buy a roughly $670 million stake … | Zinnia Lee / Forbes: |
Shenzhen-listed RoboTechnik, which claims to be the largest silicon photonics tool maker and whose stock is up 340% over the past year, files for a HK listing — RoboTechnik Intelligent Technology's Shenzhen-listed shares soared 340% over the past year, propelling founder Dai Jun's net worth to $2.4 billion.| Bloomberg: |
Filings: YouTube, Snap, and TikTok reach agreements to settle a lawsuit, set for trial in June, over claims social media addiction disrupted kids' learning — Snap Inc., Google's YouTube and ByteDance Ltd.'s TikTok reached agreements to settle the first lawsuit headed to trial over claims … | Anirban Sen / Reuters: |
Sources: Kalshi has probed and flagged 400+ suspicious trades YTD, more than 2x the number it investigated in all of 2025; Polymarket has seen a similar uptick — Top prediction market platforms Kalshi and Polymarket have witnessed a surge in suspicious trades this year … | Krisztian Sandor / CoinDesk: |
LA-based Fasset, which offers stablecoin-powered banking and cross-border payments services across Asia, Africa, and the Middle East, raised a $51M Series B — The Shariah-compliant digital bank is part of a growing wave of fintech startups building banking and payments services on top of blockchain and stablecoin rails.
More: Crowdfund Insider, Fasset, crypto.news, TNGlobal, DealStreetAsia, FinTech Global, PYMNTS, and FinTech Global. LinkedIn: Daniel Ahmed
| Mike Isaac / New York Times: |
Sources: OpenAI acquired Weights.gg, which offered AI tools to create clones of people's voices, earlier this year; PitchBook: Weights.gg had raised roughly $4M — The acquisition, Weights.gg, was a sort of social network for creating and sharing artificial intelligence algorithms.
More: Techstrong.ai, Hackread, The Hans India, The Decoder, Livemint, and Implicator.ai. X: @mikeisaac
| John Ainger / Bloomberg: |
Power prices on the largest electric grid in the US, operated by PJM, jumped 76% YoY to an average of $136.53/MWh in Q1 due to rampant demand from data centers — Power prices on the largest electric grid in the US jumped 76% in the first quarter due to rampant demand from data centers …
More: Gizmodo, Tom's Hardware, The Register, TechCrunch, and E&E News
Forums: r/DailyTechNewsShow and r/TaylorTexas
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