Techmeme
May 18, 2026, 7:20 PM

Top News

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 …
Elon Musk / @elonmusk:
Musk v. Altman: Elon Musk says the judge and jury “never actually ruled on the merits of the case, just on a calendar technicality” and he will file an appeal  —  Regarding the OpenAI case, the judge & jury never actually ruled on the merits of the case, just on a calendar technicality. There is no question to anyone following the case in detail that Altman & Brockman did in fact enrich themselves by stealing a charity. The only question
Jay Peters / The Verge:
Jason Schreier / @jasonschreier.bsky.social:
In a town hall, PlayStation studio business CEO Hermen Hulst told staff that the company's narrative single-player games will now be PlayStation exclusive  —  SCOOP: PlayStation studio business CEO Hermen Hulst told staff in a town hall Monday morning that the company's narrative single-player games …
Amrith Ramkumar / Wall Street Journal:
Anthropic last week began letting Mythos users share cybersecurity threats with others who may face similar vulnerabilities, modifying its previous stance  —  How to restrict access while still allowing users to share threat information is a major challenge facing AI companies
Grant Bourzikas / Cloudflare:
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.
Todd Spangler / Variety:
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.
Eli Tan / New York Times:
Internal memo: Meta is reassigning 7,000 workers to four new units focused on building AI tools, two days before it is set to lay off 10% of its workforce  —  The company announced the changes two days before it plans to lay off 10 percent of its work force, or about 8,000 employees.
More: Bloomberg and Benzinga
X: @mikeisaac and @mikeisaacLinkedIn: Ron Miller
CJ Haddad / CNBC:
Seagate shares drop 6.87%, 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 closed down more than 6% Monday, leading a group-wide sell-off, after comments …
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” …
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 …
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 …
Theo Baker / New York Times:
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 …
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.
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 …
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 …
Joseph Cox / 404 Media:
Procurement records: the FBI seeks a vendor that can provide access to automated license plate readers nationwide; Flock and Motorola are among the few options  —  Only a couple vendors could likely fulfill what the FBI is after, namely Flock and Motorola.  —  The FBI wants to buy access …
Wall Street Journal:
Sources: US authorities in recent months have issued multiple information requests to Kalshi and Polymarket, many tied to wagers on events in Iran and Venezuela  —  Regulators are seeking information from Kalshi and Polymarket over wagers tied to political events and military operations

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Earlier Picks

Lauren Edmonds / Business Insider:
John Markoff / New York Times:
Yoolim Lee / Bloomberg: