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AMD CEO Lisa Su projects the CPU market will grow over 35% annually through 2031, up from 3% to 4% historically, driven by AI inference and agentic AI demand (Cheng Ting-Fang/Nikkei Asia)

Lenovo reports Q4 revenue up 27% YoY to $21.6B, above $18.7B est., net profit up 479% to $521M, above $271M est., as the PC maker pushes into AI server markets (Reuters)

Sources: Nintendo asked partners and suppliers to assemble ~20M Switch 2 consoles by March 2027, ~20% above the 16.5M public sales outlook issued in early May (Takashi Mochizuki/Bloomberg)

Meta, Broadcom, Applied Materials, GlobalFoundries, and Synopsys launch a $125M "Semiconductor Hub" at UCLA to advance AI chip research and more (CJ Haddad/CNBC)

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 (Politico)

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 (Washington Post)

Sources: Trump delayed signing the AI EO because "he just hates regulation"; he spoke with Mark Zuckerberg, Elon Musk, and David Sacks just prior to the delay (Axios)

Socket: TeamPCP, the gang claiming GitHub's repositories breach, also executed 20 "waves" of supply chain attacks recently, compromising 500+ pieces of software (Wired)

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% (Chloe Taylor/CNBC)

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 (Jason Schreier/Bloomberg)

Waymo suspends freeway rides and pauses its Atlanta operations, as it updates software to improve performance around construction zones and flooded roadways (Reuters)

Adobe, Canva, and CapCut announce Gemini integrations to let users access the companies' image and video editing tools within the Gemini app (James Peckham/PCMag)

ElevenLabs, which aims to build an all-in-one AI voice app, licensed 200K human-voiced audiobooks from major publishers, available in ElevenReader for $11/mo. (Ashley Carman/Bloomberg)

Source: Cursor reached $3B in annualized revenue in late April and now has 3,000+ customers paying at least $100K each for its software on an annualized basis (Rachel Metz/Bloomberg)

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% (Samantha Subin/CNBC)

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 (Brody Ford/Bloomberg)

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 (Zaheer Kachwala/Reuters)

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 (Jordan Novet/CNBC)

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 (Ryan Autullo/Bloomberg Law)

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 (Erin Mulvaney/Wall Street Journal)

Sources: Starbucks shut down an AI program for automating inventory counts, nine months after deploying it, after it frequently miscounted and mislabeled items (Waylon Cunningham/Reuters)

Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference, raised a $355M Series C at a $4.65B valuation, up from $1.1B in 2025 (Deepa Seetharaman/Reuters)

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 (Cecilia Kang/New York Times)

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 (Sri Muppidi/The Information)

Sources: the EU will propose temporarily lifting sanctions, imposed in April, on a major Chinese semiconductor supplier after automakers warned of shortages (Alberto Nardelli/Bloomberg)

August Robotics, which makes autonomous robots for construction and industrial applications, raised $30M led by Big Pi Ventures (Kyt Dotson/SiliconANGLE)

Apple plans to broadcast an MLS game on Saturday shot entirely on 15 iPhone 17 Pros, the first major live sports event to be captured using only smartphones (Todd Spangler/Variety)

Source: smart ring maker Oura filed confidentially for a US IPO, set for later in 2026; SF- and Finland-based Oura had an $11B valuation in September 2025 (Mark Gurman/Bloomberg)

Spotify and UMG plan to let Premium users create AI covers and remixes using music from participating UMG artists as a paid add-on, without giving a launch date (Jem Aswad/Variety)

London Mayor Sadiq Khan blocks the Met police's £50M Palantir deal to automate intelligence analysis, citing a "clear and serious breach" of procurement rules (Robert Booth/The Guardian)

Spotify partners with Live Nation to launch Reserved, a new feature that sets aside tickets for the most dedicated fans, starting with Premium users in the US (Ethan Millman/The Hollywood Reporter)

Spotify says it has 1M+ subscriptions to Audiobook+, which is on track for $100M in ARR, and unveils an ElevenLabs-powered audiobook self-publishing tool (Ivan Mehta/TechCrunch)

Spotify Labs launches Studio, a NotebookLM-like desktop app to generate private, AI-powered podcasts, in research preview across 20+ markets (Ivan Mehta/TechCrunch)

Crypto exchange Blockchain.com confidentially files for a US IPO; the UK-based company founded in 2011 was once valued at $14B (Logan Hitchcock/Decrypt)

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" (Ashley Gold/Axios)

Federal records: Grok was utilized in only 3 of 400+ publicly identified federal AI use cases in 2025, behind 234 for ChatGPT, 33 for Gemini, 26 for Claude (Reuters)

Waymo suspends operations in Atlanta and San Antonio as its robotaxis struggle with flooded roads and says it has yet to develop a "final remedy" for flooding (Sean O'Kane/TechCrunch)

Hark, founded by Figure AI CEO Brett Adcock to build AI-powered devices, raised a $700M+ Series A led by Parkway Venture at a $6B post-money valuation (Samantha Kelly/Bloomberg)

Sources: Anthropic is in talks to rent servers powered by Microsoft-designed chips; source: Anthropic has steadily increased its Azure usage since November 2025 (The Information)

Anthropic, Blackstone, and Hellman & Friedman's unnamed enterprise services JV buys Fractional AI, its first deal; sources say Fractional ends its OpenAI deal (Preeti Singh/Bloomberg)

Flipper unveils the Flipper One, a pocketable open Arm Linux computer with similar performance to a Raspberry Pi 5, and welcomes feedback to get it market-ready (Mark Tyson/Tom's Hardware)

GitHub links the breach of 3,800 internal repositories to the TanStack npm supply-chain attack, saying hackers used a malicious Nx Console VS Code extension (Sergiu Gatlan/BleepingComputer)

Netflix and iHeartMedia say Charlamagne tha God's The Breakfast Club will stream live on Netflix on weekdays from June 1, the service's first daily live show (Anne Steele/Wall Street Journal)

Bluesky and Clemson University researchers detail a novel Russian influence campaign that hijacked influential Bluesky accounts to spread pro-Kremlin propaganda (Steven Lee Myers/New York Times)

The US Commerce Department plans to award $2B in grants to nine quantum computing companies and will take equity stakes; IBM is set to get $1B of the package (Wall Street Journal)

Taiwan is seeking to detain three people for forging documents to export Super Micro servers with Nvidia chips to China, Hong Kong, and Macau, breaking US rules (Bloomberg)

Higgsfield AI premieres Hell Grind, a 95-minute fully AI-generated film, at Cannes and says it took two weeks and cost $500K to make, of which $400K was on AI (Isabelle Bousquette/Wall Street Journal)

SpaceX S-1: Valor Equity Partners founder Antonio Gracias, a longtime Elon Musk ally, controls a 7.3% stake in SpaceX, the second-largest holder after Musk (Bloomberg)

Jeff Bezos dismisses AI job fears, defends billionaires against "vilification", proposes eliminating income taxes for low earners, and praises President Trump (CNBC)

Analysis: Samsung is set to distribute ~$26.6B to its 78,000 chip employees, or a ~$340K bonus to each, in early 2027 as part of a last-minute labor union deal (Bloomberg)