| Wall Street Journal: |
Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plans to be ready to go public as early as September — The artificial-intelligence giant is working with bankers at Goldman Sachs and Morgan Stanley — ChatGPT-maker OpenAI has been working … | Sergiu Gatlan / BleepingComputer: |
GitHub confirms ~3,800 internal repositories were breached after one of its employees installed a malicious VS Code extension; TeamPCP claims responsibility — GitHub has confirmed that roughly 3,800 internal repositories were breached after one of its employees installed a malicious VS Code extension.| Tom Warren / The Verge: |
Internal memo: Xbox hires game industry analyst Matthew Ball as chief strategy officer, and names Scott Van Vliet, who led Azure AI infrastructure, as Xbox CTO — The second major Xbox leadership changes this month. … Microsoft has recruited game industry analyst Matthew Ball as Xbox chief strategy officer.| Reuters: |
Internal memo: Intuit is laying off ~17% of its workforce, or ~3,000 employees worldwide, to streamline operations and sharpen its focus on key bets, like AI — Intuit (INTU.O) is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus … | Jacob Passy / Wall Street Journal: |
Airbnb says it is adding luggage storage, airport pickups, car rentals, grocery delivery, and thousands of boutique and independent hotels to its platform — Platform ramps up hotel-booking options, car rentals and AI-enabled features, expecting World Cup to drive record use| Reuters: |
Samsung Electronics and its South Korean labor union reach a preliminary pay deal; the union says it has suspended a general strike and put the deal to a vote — Samsung Electronics (005930.KS) and its South Korean labour union reached a preliminary pay deal on Wednesday … | Katie Paul / Reuters: |
Internal memo: Mark Zuckerberg told employees that he does not expect more company-wide layoffs this year — Meta (META.O) CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of the memo seen by Reuters.| Anu Adegbola / Search Engine Land: |
Google says it is testing new ad formats in search results and AI Mode, including Conversational Discovery ads, Highlighted Answers, and AI-powered Shopping ads — Google is introducing a new generation of Gemini-powered ad formats across AI Mode and Search designed to make ads feel more conversational … | The Guardian: |
Granta and the Commonwealth Foundation say they can't determine yet if AI was used to write a prize-winning short story after critics pointed to signs of AI use — Granta publisher says ‘perhaps we never will know’ true authorship of work that won Commonwealth prize| Luz Ding / Bloomberg: |
Alibaba's chipmaking unit T-Head unveils the Zhenwu M890 for AI training and inference, saying it is well-suited for agentic tasks, and plans annual upgrades — Alibaba Group Holding Ltd. added a new processor to its expanding AI technology stack, enhancing a push to cover every aspect of artificial intelligence development.| Reuters: |
Ubisoft reports a record operating loss of $1.40B for the year to March and says sales in 2026-27 will fall by about 8% to 9%; UBI falls 6%+ — French videogame publisher Ubisoft warned on Wednesday of another year of losses and lower sales after a record annual operating loss, deepening pressure on the company as it restructures.| The Register: |
Cloud provider Railway says Google Cloud suspended its account without cause, resulting in an outage; in 2024, GCP deleted an Australian pension fund's account — PaaS platform Railway says Google temporarily suspended its account on Wednesday without cause, inducing a major outage.| Ryan Christoffel / 9to5Mac: |
Apple says the App Store prevented over $2.2B in potentially fraudulent transactions in 2025, rejected over 2M problematic app submissions, and more — Ahead of Apple's annual developer conference next month, Apple has shared an update on how the App Store serves users and developers alike with numerous protections.| Jemima McEvoy / The Information: |
| Nan Ransohoff / Nan's Substack: |
An analysis based on OpenAI's and Anthropic's current valuations suggests ~$370B of philanthropic assets tied to the two AI companies could soon become liquid — AI is about to generate hundreds of billions in new philanthropic funding. We have a huge amount of work to do to make the most of it.| Hugh Son / CNBC: |
Mercury, which provides banking services to startups, raised a $200M Series D led by TCV at a $5.2B valuation, up from $3.5B in March 2025 — Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively.| Samantha Kelly / Bloomberg: |
An interview with Match Group CEO Spencer Rascoff about plans for Tinder, including a redesign, AI features, live events, and group dating to win over Gen Z — The dating app's turnaround bets on live events, group dating and an AI-heavy redesign. — At a pickleball venue near Santa Monica State beach … | Todd Bishop / GeekWire: |
S. “Soma” Somasegar, who led Microsoft's Developer Division for 12 years as part of his 27-year tenure at the company before leaving in 2015, has died at age 59 — S. “Soma” Somasegar, a fixture in the Seattle tech community who led Microsoft's Developer Division as part … | Bloomberg: |
Exa, which offers a search engine that is designed for AI agents, raised $250M led by a16z at a $2.2B valuation, up from $700M in September 2025 — Exa Labs Inc., a San Francisco-based startup that wants to build a search engine tailor-made for the age of artificial intelligence … | Mariella Moon / Engadget: |
Kickstarter retracts its stricter rules on mature content after creator backlash, and says it adopted the tougher rules because of its payment processor Stripe — It explained that it created the new rules due to Stripe's policy. — Kickstarter has retracted the new set of rules around mature content … | Julie Bort / TechCrunch: |
NanoClaw creator NanoCo raised a $12M seed led by Valley Capital and says it is booking enterprise customers; co-founders say they rejected a $20M buyout offer — NanoCo, the company behind security-focused OpenClaw alternative NanoClaw, has raised an oversubscribed $12 million seed round following … | Brendan Bordelon / Politico: |
OpenAI's Chris Lehane says he is pursuing “reverse federalism”, lobbying blue states to pass AI safety laws and create a de facto US standard, as DC dithers — OpenAI's effort comes after nearly a year in which the tech lobby has pressured Congress to block states from passing AI laws … | Dylan Butts / CNBC: |
Singapore announces a National AI Partnership with Google and an MoU with OpenAI, which will set up an AI lab and commit $234M+ to the city-state's AI ecosystem — Singapore has inked separate agreements with Google and OpenAI to strengthen its position as a global artificial intelligence hub … | OpenAI: |
OpenAI says an internal general-purpose reasoning model has disproved the Erdős unit distance conjecture, a central problem in discrete geometry posed in 1946 — Read the proof(opens in a new window)Read the companion remarks(opens in a new window) — Loading...| Financial Times: |
Sources: Nvidia's business development group, not its VC arm NVentures, has led much of its ~$90B dealmaking push across 145+ companies over the past 16 months — Nvidia's Huang bankrolls AI boom with $90bn deal spree| Lauren Feiner / The Verge: |
The Take It Down Act, a US law forcing social networks to remove nonconsensual intimate images within 48 hours of reporting or face fines, took effect on May 19 — The Take It Down Act is in full force, but it could be a gift to government censors — not victims of image-based sexual abuse.| Ivan Mehta / TechCrunch: |
Stability AI releases a new family of audio models called Stable Audio 3.0 that is trained on licensed data; the top model can generate six-minute songs — Stability AI, the company behind Stable Diffusion, is releasing a new family of audio models, called Stability Audio 3.0.| Dina Bass / Bloomberg: |
Socket, which helps companies safeguard open-source code against hackers, raised $60M led by Thrive Capital at a $1B valuation — Socket, a cybersecurity startup that sells technology to help safeguard open-source code against hackers, has raised a new round of funding that values the company at $1 billion.| Ashley Gold / Axios: |
Sources: a draft White House EO would create a “voluntary framework” for AI companies to give government agencies early access to models before public release — The White House plans to release its much-discussed executive order on cybersecurity and AI safety as soon as this week … | Alexander Martin / The Record: |
Sources: an attack exploiting a previously unknown vulnerability in Huawei router software caused a three-hour nationwide telecoms outage in Luxembourg in 2025 — An attack exploiting a previously unknown vulnerability in Huawei enterprise router software caused a nationwide telecoms outage … | John Timmer / Ars Technica: |
Two research papers describe how Google's Co-Scientist and nonprofit FutureHouse's AI tools can succeed at drug retargeting by developing and testing hypotheses — Both tools generate hypotheses; one goes on to analyze some of the data. — On Tuesday, Nature released …
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