Techmeme
May 27, 2026, 4:15 AM

Top News

Samantha Subin / CNBC:
Micron hit a $1T market value for the first time on May 26, up from $700B earlier in May after its shares jumped 19%, driven by demand for its AI memory chips  —  Micron topped a $1 trillion market value for the first time on Tuesday as shares popped 19%, driven by insatiable artificial intelligence demand for its memory chips.
Ashleigh Fields / The Hill:
President Trump says it is “critically important” that the CFTC has exclusive authority to oversee prediction markets, as some states attempt to regulate them  —  President Trump on Tuesday said it was “critically important” for the Commodity Futures Trading Commission (CFTC) …
Leslie Josephs / CNBC:
American Airlines picks SpaceX's Starlink for in-flight Wi-Fi on 500+ planes; SpaceX already has contracts with United Airlines, Southwest, and Alaska Airlines  —  American Airlines plans to outfit more than 500 of its narrow-body aircraft with Starlink, handing another win to Elon Musk's SpaceX unit …
The Information:
Source: AI inference provider Baseten is in talks to raise $1B at an $11B post-money valuation, up from $5B after its $300M Series E announced in January 2026  —  AI startup Baseten has recently been in talks with investors to raise $1 billion at an $11 billion valuation including the money …
Ian King / Bloomberg:
Sources: Qualcomm reached a deal with ByteDance to supply millions of ASICs for AI data centers to support AI agents in the Doubao chatbot; QCOM jumps 4%+  —  Qualcomm Inc. reached a deal with TikTok owner ByteDance Ltd. to supply chips for artificial intelligence data centers …
Yoolim Lee / Bloomberg:
Samsung's largest union approves a pay deal that would give chip workers an average bonus of ~$340K, with ~74% of members voting in favor, staving off a strike  —  Samsung Electronics Co. union members voted in favor of a compensation deal that will hand chip workers an average bonus of about $340,000 …
Financial Times:
Sources: software-specialist PE firm Hg agrees to acquire Rightsline, whose software helps Disney, the BBC, WBD, and others manage IP licensing, for $500M  —  Acquisition of rights and royalties management company for $500mn comes after plunge in software stocks.
Eleanor Olcott / Financial Times:
Sources and documents detail China's effort to modernize its decade-old domestic surveillance network with new generations of AI-enabled cameras and software  —  Local police forces are modernising the country's ageing infrastructure with more powerful tracking systems
Jonathan Vanian / CNBC:
Dropbox founder Drew Houston is stepping down as CEO after 19 years to become executive chairman, replaced by Ashraf Alkarmi, who is SVP and GM of Dropbox Core  —  Drew Houston founded Dropbox nearly two decades ago out at age 24, eventually becoming a household name in Silicon Valley …
Axios:
Sources: Bond Capital is leading a new investment for AI startup Suno, which would value it at ~$5B, up from $2.45B last fall; Suno is expected to raise $250M+  —  Bond Capital is leading a new investment for AI music startup Suno, which would be valued at around $5 billion, Axios Pro has learned.

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