| Axios: |
Sources: Trump delayed signing the AI EO because “he just hates regulation”; there were questions about the EO giving the Treasury Department a leading role — Everything seemed set for a photo op of tech and AI CEOs who would surround President Trump Thursday as he signed … | Washington Post: |
Sources: last-minute calls with Elon Musk, Mark Zuckerberg, David Sacks, and others helped persuade President Trump not to sign the highly anticipated AI EO — Industry leaders warned in last-minute calls to the president that the proposed safety vetting system could inhibit development of the pivotal technology.| Ashley Gold / Axios: |
The White House postpones a planned Thursday ceremony for Trump to sign a new EO on AI and cybersecurity; Trump says “I didn't like certain aspects of it” — The White House has cancelled its planned ceremony for President Trump to sign a new executive order on AI and cybersecurity, per a note seen by Axios.| Politico: |
Sources: David Sacks told President Trump that federal reviews of AI models before release would slow down innovation and hurt the US in its AI race with China — But during a conversation with Trump, Sacks told the president that companies were already cooperating, and that having … | Jason Schreier / Bloomberg: |
Sources: Sony's Bungie plans significant layoffs as it ends development on its online game Destiny 2 with no new projects lined up; Destiny 2 launched in 2017 — The Sony subsidiary will focus on ‘Marathon’ rather than jumping directly to ‘Destiny 3’ — Sony Group Corp.'s Bungie unit … | Samantha Subin / CNBC: |
Spotify closes up 13% after announcing new features and 2030 guidance, forecasting a compound annual growth rate in the mid-teens and gross margins of 35%-40% — Spotify shares jumped 15% on Thursday after the music streaming platform laid out guidance for 2030 and reached an artificial intelligence deal … | Ivan Mehta / TechCrunch: |
| Ethan Millman / The Hollywood Reporter: |
| Jem Aswad / Variety: |
| Sri Muppidi / The Information: |
Sources: OpenAI generated ~$5.7B in revenue in Q1, ~$1B more than Anthropic; its adjusted operating income margin was -122%, and ChatGPT user growth stalled — OpenAI generated about $5.7 billion in revenue in the first quarter, nearly $1 billion more than archrival Anthropic generated in the same period … | Sergiu Gatlan / BleepingComputer: |
US and Canadian authorities arrest 23-year-old Jacob Butler, known online as “Dort”, for allegedly operating the Kimwolf DDoS botnet, which infected ~2M devices — U.S. and Canadian authorities arrested and charged a Canadian man with operating the KimWolf distributed denial-of-service … | Brody Ford / Bloomberg: |
Zoom reports Q1 revenue up 5.5% YoY to $1.24B, vs. $1.22B est., AI Companion paid users up 184%, forecasts FY 2027 revenue above est.; ZM jumps 8%+ after hours — Zoom Communications Inc. projected stronger-than-anticipated sales growth, suggesting that customers are adopting its expanded suite of office products.| Wired: |
Socket: TeamPCP, the gang claiming GitHub's repositories breach, also executed 20 “waves” of supply chain attacks recently, compromising 500+ pieces of software — GitHub is just the latest victim of TeamPCP, a gang that has carried out a spree of software supply chain attacks that has impacted hundreds of organizations.| James Peckham / PCMag: |
Adobe, Canva, and CapCut announce Gemini integrations to let users access the companies' image and video editing tools within the Gemini app — Adobe, Canva, and CapCut all plan to connect to Gemini in the near future. Each aims to bring their editing capabilities directly to where people are making creative decisions with AI.| Jordan Novet / CNBC: |
Workday reports Q1 revenue up 13% YoY to $2.54B vs. $2.52B est., and lifts its full-year forecast, saying its AI strategy is working; WDAY jumps 9%+ after hours — Workday shares surged as much as 14% in extended trading on Thursday after the finance and human resources software maker reported results … | Chloe Taylor / CNBC: |
Shares of quantum computing companies surged Thursday after the US government announced grants with equity stakes: D-Wave closed up 33%, Rigetti 30%, IBM 12% — Quantum computing shares popped on Thursday, as the U.S. government said it would award $2 billion in grants to nine firms operating in the space.| Wall Street Journal: |
| Cecilia Kang / New York Times: |
Gavin Newsom signs an EO mandating state agencies work with the AI industry and others to study subsidies for companies that don't replace workers with AI — Gov. Gavin Newsom issued an executive order to explore an overhaul of labor policies to deal with potential mass job displacement from artificial intelligence.| Wall Street Journal: |
Internal Binance reports and sources reveal Iran moved billions through Binance to fund entities like the IRGC, with some transactions as recent as this month — Transactions on world's largest crypto exchange took place despite repeated red flags; Binance says it has ‘zero-tolerance for illicit activity’| Ryan Autullo / Bloomberg Law: |
Texas AG Ken Paxton sues Meta, accusing WhatsApp of marketing its services as secure but failing to “deliver on those promises” by accessing encrypted messages — WhatsApp is able to access user's encrypted messages, Texas said in a lawsuit that accuses Meta founder Mark Zuckerberg … | Zaheer Kachwala / Reuters: |
Take-Two reports Q4 bookings flat YoY at $1.58B, forecasts FY 2027 bookings below est., reiterates GTA VI's November 19 launch date; TTWO jumps 6%+ after hours — Take-Two Interactive (TTWO.O) forecast annual bookings below Wall Street expectations on Thursday, but reiterated … | Takashi Mochizuki / Bloomberg: |
| Cate Lawrence / Tech.eu: |
Driverless car startup Bliq.ai says it has received approval for fully driverless road operations in Estonia, the first authorization of its kind in the EU — The authorisation is the first of its kind in the EU, allowing its remotely supervised autonomous vehicles to operate on public roads without a driver behind the wheel.| Mariella Moon / Engadget: |
Meta releases Forum, a Reddit-like standalone app for Facebook Groups, with a feed showing Group conversations and an AI-powered “Ask” feature, on iOS — It's a new dedicated app for Facebook Groups. — Meta has launched a new app called Forum without fanfare or even an official announcement.| Ashley Stewart / Business Insider: |
Sources and documents detail Satya Nadella's effort to revamp Microsoft's senior leadership, creating a startup-style operating model to compete in the AI race — CEO Satya Nadella just dismantled the senior leadership structure that has run Microsoft for decades.| Erin Mulvaney / Wall Street Journal: |
Meta joins TikTok, Snap, and YouTube in settling with a Kentucky school district to avoid a trial over claims the platforms were designed to addict kids — Meta, TikTok, Snap and YouTube reached deal to avoid first of more than 1,200 consolidated lawsuits by school districts
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| Alberto Nardelli / Bloomberg: |
| Todd Spangler / Variety: |
| Mark Gurman / Bloomberg: |
| Robert Booth / The Guardian: |
| Logan Hitchcock / Decrypt: |
| Mark Tyson / Tom's Hardware: |