| CNBC: |
Musk v. Altman: the jury unanimously rejects Elon Musk's claims against Sam Altman, finding that the claims were filed outside of the statute of limitations — After less than two hours of deliberations, a jury on Monday rejected Elon Musk's claims against OpenAI CEO Sam Altman … | Todd Spangler / Variety: |
Amazon's Alexa+ now produces AI-generated “podcasts” on various topics in the US, featuring chats between two AI “co-hosts”, using content from media outlets — The podcast sector suddenly may have a big new player: Amazon's Alexa+ AI-powered voice assistant.| Jay Peters / The Verge: |
Sony is hiking the starting price of one-month and three-month PlayStation Plus subscriptions in “select regions”, blaming “ongoing market conditions” — One-month and three-month PlayStation Plus subscriptions are getting more expensive.| Tracy Qu / Wall Street Journal: |
Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net income down 55% YoY to ~$506.6M, above ~$462.5M est., amid a slow AI payoff — First-quarter net profit fell 55% from a year earlier — Baidu recorded another sharp profit drop and a fourth straight quarter … | Natalie Lung / Bloomberg: |
Uber increases its stake in Delivery Hero to 19.5%, up from 7% in April, and says it “has no intent to acquire 30% or more” of Delivery Hero's voting rights — Uber Technologies Inc. has increased its stake in German food delivery company Delivery Hero SE, underscoring its ambitions … | CJ Haddad / CNBC: |
Seagate shares drop 9%+, leading a group-wide sell-off after comments from its CEO raised concerns it won't be able to meet demand fueled by the AI buildout — Shares of memory chip maker Seagate slipped more than 8% Monday, leading a group-wide sell-off after comments from CEO Dave Mosley raised concerns … | Omkar Godbole / CoinDesk: |
Nasdaq-listed Bitcoin Depot, North America's largest bitcoin ATM operator, files for bankruptcy, blaming “increasingly stringent compliance obligations” — Bitcoin Depot, the largest bitcoin ATM operator in North America and publicly listed on Nasdaq, has filed for Chapter 11 bankruptcy.| Emily Forgash / Bloomberg: |
NextEra's $67B deal to buy Dominion, the largest utility merger in US history, signals a new era of utility consolidation to accommodate AI-driven power demand — NextEra Energy Inc.'s $67 billion deal for rival Dominion Energy Inc., the largest utility acquisition in US history … | Golnar Motevalli / Bloomberg: |
Iranian media: Iran launches “Hormuz Safe”, a Bitcoin-backed insurance service for shipping companies transiting the Strait of Hormuz; ~1,500 ships are trapped — Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz … | Simon Sharwood / The Register: |
In his weekly Linux kernel post, Linus Torvalds says “AI tools are great” but duplicate bug reports have made the security list “almost entirely unmanageable” — Multiple researchers using the same tools to find the same bugs are creating ‘unnecessary pain and pointless work’| Cristian Dina / The Next Web: |
| Theo Baker / New York Times: |
A college senior at Stanford describes how AI has changed classes: cheating using AI “has become omnipresent” with students “fudging just about everything” — At Stanford University, where I am a senior, tech chief executives are something like rock stars.| Cursor: |
Cursor releases Composer 2.5, saying it's better at sustained work on long-running tasks and follows complex instructions more reliably; it's built on Kimi K2.5 — Composer 2.5 is now available in Cursor. — It's a substantial improvement in intelligence and behavior over Composer 2.| Financial Times: |
Sources: Anthropic agrees to brief the Financial Stability Board on global financial system vulnerabilities found by Mythos, after a request by the FSB's Chair — US tech group will discuss capabilities of its new AI model with members of the Financial Stability Board| Carmen Arroyo / Bloomberg: |
Internal chats: in March, xAI offered employees $420 in exchange for completed tax filings as training data for Grok, but the bonuses haven't been paid out — Elon Musk's xAI asked employees earlier this year to offer up their own tax returns as training data for the company's Grok chatbot … | Jackson Chen / Engadget: |
X quietly limits users who didn't pay for verification to “50 original posts and 200 replies per day”, down from 2,400 posts per day — That's down from the previous 2,400 posts per day limit. — X has introduced some more incentive to get users to pay for “verification” … | Lauren Edmonds / Business Insider: |
Eric Schmidt faced loud boos during his University of Arizona commencement speech while discussing “rational” fears over the impact of AI and automation on jobs — - Former Google CEO Eric Schmidt gave the University of Arizona's commencement address this year.| Alessandra Ram / Wired: |
How the AI industry's intense pressure to keep up and its financial rewards are creating “walls of resentment” between Silicon Valley workers and their spouses — Are you married to a man who's obsessed with AI? I'm so, so sorry. — If i had to listen to another minute … | James Hunt / The Block: |
Strategy acquired 24,869 bitcoin for ~$2.01B at an $80,985 average price from May 11 to May 17, taking its holdings to 843,738 BTC, or 4%+ of the total supply — Quick Take — Strategy has purchased another 24,869 BTC for approximately $2.01 billion at an average price of $80,985 per bitcoin … | Yoolim Lee / Bloomberg: |
Samsung's shares jumped as much as 6.7% after the company resumed talks with its union and a court partially granted an injunction against illegal union actions — Samsung Electronics Co.'s shares climbed more than 6% after its union signaled a willingness to negotiate and a local court granted … | Emily Birnbaum / Bloomberg: |
How gambling companies like FanDuel and DraftKings, as well as Meta and a16z's founders, are pouring millions into state-level election campaigns via super PACs — With Congress largely stalemated, companies turn to states to gain leverage over regulations.| Flavia Rotondi / Bloomberg: |
The Vatican says Anthropic co-founder Christopher Olah will join Pope Leo on May 25 to launch the pope's first encyclical, setting out his views on the AI age — Pope Leo XIV's launch of his first encyclical focusing on artificial intelligence next week will feature an unexpected guest: Christopher Olah, co-founder of Anthropic.| Kirsten Korosec / TechCrunch: |
Anthropic acquires NYC-based Stainless, which generates SDKs from APIs, and plans to wind down its hosted products, after reportedly discussing a $300M+ deal — Anthropic announced Monday it has acquired Stainless, a startup founded by former Stripe engineer Alex Rattray whose software … | Bloomberg: |
Polymarket and Kalshi continue to operate in India despite an April 25 government advisory, addressed to VPN providers, labeling prediction markets as “illegal” — Polymarket and Kalshi Inc. have been allowing customers in India to sign up and trade on their prediction markets … | Wall Street Journal: |
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| Ashley Gold / Axios: |
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