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What some leaders think of using universal income to mitigate AI-fueled layoffs: Musk calls it the "best way", OpenAI's policy doc mentions a Public Wealth Fund (Siladitya Ray/Forbes)

Sources: Recursive Superintelligence, a four-month-old start-up developing self-teaching AI and founded by ex-DeepMind and OpenAI engineers, has raised $500M+ (Financial Times)

White House says a meeting between Chief of Staff Susie Wiles and Dario Amodei had been "productive and constructive"; source: Scott Bessent joined the meeting (Axios)

A deep dive into Dwarkesh Patel's interview with Jensen Huang, including Huang's takes on Nvidia's moat and chip sales to China, and reactions to the interview (Zvi Mowshowitz/Don't Worry About the Vase)

Bill Peebles, the researcher behind Sora, is leaving OpenAI, along with Srinivas Narayanan, OpenAI's CTO of enterprise applications (Rebecca Bellan/TechCrunch)

Cerebras files to go public on Nasdaq and reports $510M in 2025 revenue, up 76% YoY, with a net income of $87.9M, up from a $485M net loss in 2024 (Jordan Novet/CNBC)

Kevin Weil, OpenAI's former CPO who became VP of OpenAI for Science, is leaving the company; Prism, a web app for scientists launched in Jan., will be shuttered (Maxwell Zeff/Wired)

Sources: Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, laying off ~10% of its global workforce, or ~8,000 employees (Reuters)

Figma stock closed down 6.84% on Friday after Anthropic launched Claude Design, a dedicated app powered by its latest model Claude Opus 4.7 (Jon Keegan/Sherwood News)

In disclosures due to Broadcom CEO Hock Tan's presence on the Meta board, Meta says it paid Broadcom $2.3B in 2025; Tan is leaving the board (Martin Peers/The Information)

Sources: Cursor is in advanced talks to raise about $2B co-led by a16z at a pre-money valuation of more than $50B, with Nvidia participating (Bloomberg)

A profile of wealth manager Iconiq, which, sources say, has $100B AUM, with $26B specifically for VC investing; Iconiq invested $3B into AI startups in 2025 (Natasha Mascarenhas/Bloomberg)

World expands its Tinder partnership and partners with Zoom and others to verify human users, as it continues its pivot from crypto to identity verification (Maxwell Zeff/Wired)

Ad buyers say ad rates for ChatGPT are falling from $60 CPM to as low as $25 and the minimum spend to advertise is down to $50K from $250K at launch (Krystal Scanlon/Digiday)

Netflix plans to launch a vertical video feed, to help with content discovery, this month, and plans to use AI for content creation and recommendations (Ivan Mehta/TechCrunch)

China's smartphone shipments declined 4% YoY in Q1 amid memory shortages; Huawei's shipments grew 2% YoY for a 20% market share, iPhone grew 20% for a 19% share (Ivan Lam/Counterpoint Research)

Sources: xAI plans to let Cursor train Composer 2.5 AI coding model using tens of thousands of xAI's GPUs, a new strategy for xAI in a competitive AI landscape (Grace Kay/Business Insider)

Anthropic launches Claude Design, a new experimental product that lets users create visuals like prototypes, slides, one-pagers, and more using Claude (Aisha Malik/TechCrunch)

Sources: DeepSeek is in talks to raise outside capital for the first time, seeking at least $300M at a valuation of at least $10B (The Information)

Sources: some shareholders are questioning whether Sam Altman should lead OpenAI through the turbulence of an IPO and have floated Bret Taylor as a successor (Wall Street Journal)

India drops a proposal to require Apple, Google, Samsung, and other smartphone makers to preinstall the country's biometric identification app Aadhaar on phones (Reuters)

Bluesky says a sophisticated DDoS attack is to blame for continued app outages but it has not seen any evidence of unauthorized access to private data (Sarah Perez/TechCrunch)

Loop, which uses AI to predict supply chain disruptions, raised a $95M Series C co-led by Valor Equity Partners and the Valor Atreides AI Fund (Sean O'Kane/TechCrunch)

An interview with Dario Amodei, who says the negative narrative around AI is dominant because the industry hasn't yet fully delivered the benefits it promises (John Thornhill/Financial Times)

Kraken parent company Payward agrees to acquire Bitnomial, a digital asset derivatives platform, for up to $550M in cash and stock, which values Payward at $20B (Will Canny/CoinDesk)

Cyber experts say the EU's age verification app has glaring privacy and security problems; after saying it was ready, EU officials say the app is "still a demo" (Politico)

China fines leading food delivery apps, like from Alibaba, PDD, and Meituan, a total of ~$528M, the largest fine for the sector since the 2015 food safety law (Luz Ding/Bloomberg)

Charles Schwab unveils its long-awaited crypto investing product, Schwab Crypto, with a 0.75% fee on every crypto trade and plans to launch in the coming weeks (Tanaya Macheel/CNBC)

Docs: US tech companies successfully lobbied the EU to hide data centers' environmental toll; one of their demands was written almost verbatim into EU rules (The Guardian)

Counterpoint: India's smartphone shipments fell 3% YoY in Q1 2026, a six-year low, as price hikes weigh on sales; 80+ smartphone models saw price hikes of ~15% (Abhinav Parmar/Reuters)

SynMax: almost 40% of US data centers due in 2026 are facing delays; major projects for Microsoft, OpenAI, and others are likely to end over three months late (Financial Times)

Sources: Dario Amodei is set to meet with WH Chief of Staff Susie Wiles on Friday, a breakthrough in Anthropic's effort to resolve its fight with the Pentagon (Axios)

Uber agrees to buy an additional 4.5% stake in German food delivery rival Delivery Hero from Prosus for ~€270M, which would bring Uber's total stake to ~7% (Financial Times)

Sources: Sequoia raised ~$7B for a new fund, the first fundraising round under its new leadership; the firm's last expansion fund was a $3.4B vehicle in 2022 (Bloomberg)

Physical Intelligence says its new model, π0.7, can direct robots on tasks they weren't trained on, an "early sign" of generalization, surprising researchers (Connie Loizos/TechCrunch)

Sources: OnlyFans is in advanced talks to sell a below 20% stake at a $3B+ valuation; previous reports said it wants to sell a ~60% stake at a ~$5.5B valuation (Financial Times)

Sources: China mobilizes multiple agencies to probe Meta's $2B Manus deal; some officials worry aggressive measures may send chilling signals to the tech sector (Financial Times)

Hangzhou-based Manycore shares rose 187% early in its Hong Kong debut after raising $156M in its IPO; it is pivoting to selling AI training data to robot makers (Bloomberg)

Mozilla launches Thunderbolt, an open-source AI client for users and businesses who want to run their own self-hosted AI infrastructure, available on GitHub (Kyle Orland/Ars Technica)

Q&A: Ronan Farrow on his Sam Altman profile in The New Yorker, how Altman changed in 18 months of reporting, OpenAI's board drama and enterprise shift, and more (Nilay Patel/The Verge)

Sources: Cerebras plans to make its IPO public as soon as Friday, aiming to raise $3B+ at a $35B+ valuation, a 60% premium to its $22B February valuation (The Information)

Sources: OpenAI agrees to pay Cerebras $20B+ to use its server chips, double the amount previously associated with the deal, and may receive equity in Cerebras (The Information)

Roblox agrees to pay $12.5M and implement age verification for all users as part of a settlement with Nevada over claims it failed to protect young users (Jessica Hill/Associated Press)

Sources: SpaceX told employees that it has moved up the scheduled date for when shares awarded to employees become eligible for sale from May to April (Bloomberg)

Alibaba unveils Qwen3.6-35B-A3B, an open-weight MoE model with 35B total and 3B active parameters, saying it rivals larger dense models in agentic coding tasks (Qwen)

IAB and PwC: digital ad revenue hit $294.6B in 2025, up 13.9% YoY; social media advertising hit $117.7B, up 32.6%, and digital video ads hit $78B, up 25.4% (George Winslow/TV Tech)

The US and the Philippines agree to launch a high-tech industrial hub on the island of Luzon to counter China's supply chains; the US will run it as an SEZ (Wall Street Journal)

NYC-based Nas.com, an AI platform founded by content creator Nas Daily that helps solo entrepreneurs build online stores, raised a $27M Series A led by Khosla (Robert Scammell/Business Insider)

Netflix says its 2026 ad revenue remains on track to reach $3B, doubling from 2025, and it now works with over 4,000 advertising clients, up 70% YoY (Bill Bradley/Adweek)

Google updates AI Mode in Chrome, letting users open links side by side with AI Mode on desktop; users can search across multiple tabs on desktop and mobile (Aisha Malik/TechCrunch)