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May 27, 2026, 4:05 AM
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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.
Bloomberg:
SK Hynix tops $1T in market value after shares jumped 11% on Wednesday, becoming the third Asian company to hit the mark; shares surged 900%+ in the past year  —  SK Hynix Inc. joined Micron Technology Inc. in surpassing the $1 trillion market capitalization milestone, reflecting investors …
Ashleigh Fields / The Hill:
Trump says it is “critically important” that the CFTC has exclusive authority to oversee prediction markets, as some US 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 more than 500 planes; SpaceX already has contracts with United Airlines, Southwest, and others  —  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 a post-money valuation of $11B, up from $5B after its $300M Series E announced in January  —  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 4.48%  —  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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About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:05 AM ET, May 27, 2026.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Michael M. Grynbaum / New York Times:
The Trump administration issued subpoenas to several NYT reporters after the outlet reported on security concerns involving the new Qatari-donated Air Force One

Todd Spangler / Variety:
Report: Letterboxd's owners have held early talks with potential buyers, including Netflix, Sony Pictures, Paramount, and PE giant TPG

Scott Roxborough / The Hollywood Reporter:
Q&A: Banijay CEO Marco Bassetti on the All3Media merger, plans to expand beyond TV into live events and sports, preserving flexible company culture, and more

More News

Tom Warren / The Verge:
Nvidia officially retires its GeForce Control Panel app after 20 years, following the porting of all of its major features to the Nvidia app
Max Buondonno / The Shortcut:
Google Fitbit Air review: slim, comfortable, and stylish, robust tracking, seven-day battery life, and cheaper than Whoop, but can only be worn on the wrist

Earlier Picks

Pieter Haeck / Politico:
The Dutch government blocks the acquisition of authentication IT supplier Solvinity by US-based Kyndryl, citing “a possible risk to the public interest”
Mauro Orru / Wall Street Journal:
Spain says it is blocking Polymarket and Kalshi as a precautionary measure while it probes possible gambling law violations over the next three to four months
Jess Weatherbed / The Verge:
Spotify launches a library of over 650 narrated long-form magazine articles in English for Premium users; free users can buy articles “individually for $1.99”
Michael J. de la Merced / New York Times:
OpenRouter raised $113M led by CapitalG, a source says at a $1.3B valuation, and now processes 25T tokens across 400+ models weekly, up from 5T six months ago
Julie Bort / TechCrunch:
Atlanta-based e-commerce logistics company Stord raised a $250M Series F led by Strike at a $3B valuation, up from $1.5B after a $200M Series E in May 2025
David Jeans / Reuters:
Sources: SpaceX successfully lobbied the Pentagon to pay more for use of Starlink on LUCAS kamikaze drones amid increasing tensions over Starlink's pricing
Linda Lew / Bloomberg:
Pony AI reports Q1 revenue up 145% YoY to ~$34.3M, above $21.7M est., and increases its 2026 robotaxi fleet target by 500 to 3,500 vehicles on fast growth
New York Times:
Pope Leo XIV presents Magnifica humanitas, his encyclical on AI, calling for AI regulation, protection for children against hypersexualized AI images, and more
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