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Techmeme

Memo: Xbox CEO Asha Sharma overhauls the group's leadership, including bringing over executives from Microsoft's CoreAI engineering unit where she worked before (Jordan Novet/CNBC)

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Sao Paulo-based Enter, which uses AI to handle litigation for companies like Airbnb, raised $100M led by Founders Fund at a $1.2B valuation (Natasha Mascarenhas/Bloomberg)

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Aylo says it will restore Pornhub access in the UK, but only for users who have verified their age via iOS 26.4's device-level age verification system (Liv McMahon/BBC)

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Intel's stock jumps 12%+ and hits a new all-time high on a report that Apple has had early-stage talks with Intel to produce chips for Apple's devices in the US (Lola Murti/CNBC)

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Anthropic unveils 10 new AI agents for the financial sector, including for drafting pitch decks, reviewing financial statements, and escalating compliance cases (Shirin Ghaffary/Bloomberg)

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The FTC will ban data broker Kochava and its subsidiary CDS from selling Americans' location data as part of a settlement over charges brought in 2022 (Sergiu Gatlan/BleepingComputer)

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ElevenLabs raised $550M+ in its Series D, up from a previously announced $500M, adding BlackRock, Nvidia, and others as investors; its ARR passed $500M in Q1 (John Reynolds/Tech.eu)

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Seattle-based CopilotKit, whose popular AG-UI protocol lets developers deploy app-native AI agents, raised a $27M Series A led by Glilot, NFX, and SignalFire (Ram Iyer/TechCrunch)

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Hachette, Macmillan, McGraw Hill, Elsevier, and Cengage, alongside novelist Scott Turow, file a class-action copyright lawsuit against Meta and Mark Zuckerberg (Alexandra Alter/New York Times)

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Dutch quantum processor company QuantWare raised a $178M Series B from Intel, In-Q-Tel, and others to build KiloFab, a dedicated quantum manufacturing facility (Tamara Djurickovic/Tech.eu)

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Sources: China targets 70%+ of silicon wafers that its chipmakers use to be made domestically by 2026's end, and has an unspoken mandate to use local 12" wafers (Nikkei Asia)

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RadixArk, led by former xAI employee Ying Sheng, raised a $100M seed at a $400M valuation to make AI inference more efficient via its open-source SGLang engine (Meghan Bobrowsky/Wall Street Journal)

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a16z crypto raised $2.2B for its fifth fund, down from its record $4.5B Fund 4 in May 2022, taking its total capital raised across five funds to ~$9.8B (Yogita Khatri/The Block)

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The US Commerce Department's CAISI says Google, Microsoft, and xAI join OpenAI and Anthropic in granting early access to evaluate models prior to public release (Bloomberg)

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Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying "AI is changing how we work" (Reuters)

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Shopify reports Q1 revenue up 34% YoY to $3.17B, above $3.12B est., GMV up 35% YoY to $100.74B, and forecasts slower Q2 revenue growth; SHOP drops 10%+ (Ignacio Gonzalez/Bloomberg)

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Zyg, an AI startup by ironSource's founders to automate business functions, raised $60M led by Accel at a $500M valuation, two months after exiting stealth (Marissa Newman/Bloomberg)

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Meta says it will expand Instagram teen account safeguards to 27 EU countries, and plans to roll them out on Facebook in the US ahead of the UK and EU in June (Foo Yun Chee/Reuters)

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Microsoft's 2026 Work Trend Index: a survey of 20K AI users finds 65% fear falling behind, but only 13% report being rewarded for experimenting with AI at work (Todd Bishop/GeekWire)

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PayPal reports Q1 revenue up 7% YoY to $8.4B and plans $1.5B+ in savings over the next 2-3 years, a source says including a ~20% workforce cut; PYPL drops 10%+ (Paige Smith/Bloomberg)

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Meta is using AI on Facebook and Instagram to detect under-13 users by analyzing bone structure, height, and visual cues, but says it's "not facial recognition" (Emma Roth/The Verge)

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Crypto exchange Bullish agrees to acquire UK-based financial services outsourcing business Equiniti from Siris Capital for $4.2B, set to close in January 2027 (Emily Nicolle/Bloomberg)

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Investigation: an inheritance dispute over an ex-LG chair's estate prompts a criminal complaint over how the dynastic South Korean chaebol family divides assets (New York Times)

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Source: YC owns ~0.6% of OpenAI, which was seeded by a YC offshoot called YC Research in 2016; at OpenAI's current $852B valuation, the stake is worth $5B+ (John Gruber/Daring Fireball)

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Nscale agrees to spend €695M on infrastructure in Portugal in an expansion of its Microsoft partnership, supplying 66K+ Nvidia Rubin GPUs from late 2027 (Paula Doenecke/Bloomberg)

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In Q1, the iPhone 17 was the world's best-selling smartphone, with 6% of global sales; the iPhone 17 Pro Max and 17 Pro were 2nd and 3rd, and Galaxy A07 was 4th (Counterpoint Research)

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Letter: UK-based Google DeepMind workers voted to unionize with the Communication Workers Union and Unite in April, representing 1K+ staff, amid the US DOD deal (Alice Speri/The Guardian)

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Global chip sales hit $298.5B in Q1 2026, up 25% from Q4 2025, and March sales were up 79.2% YoY to $99.5B, driven by strong sales in Asia and the Americas (Semiconductor Industry Association)

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Vodafone plans to take full ownership of its VodafoneThree joint venture with Hong Kong conglomerate CK Hutchison, which agrees to sell its 49% stake for £4.3B (Kimberley Kao/Wall Street Journal)

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Q&A with Uber CEO Dara Khosrowshahi on his plan to make Uber an everything app, Uber's AI integrations, investing in autonomous cars, and more (Nilay Patel/The Verge)

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How Europe is falling behind in the global crypto race, as delays to the ECB's digital euro leave the bloc exposed to US-led stablecoin dominance (Bloomberg)

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Kuo: OpenAI appears to be fast-tracking its AI agent phone with two NPUs and a custom MediaTek Dimensity 9600 SoC, targeting mass production as early as H1 2027 (@mingchikuo)

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Sources: Apple held exploratory talks with Intel and Apple executives visited a Samsung plant in Texas to explore producing core chips for its devices in the US (Bloomberg)

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Inference cloud startup DeepInfra raised a $107M Series B co-led by 500 Global and Georges Harik, and currently supports 190+ open models, including Nemotron (Mike Wheatley/SiliconANGLE)

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Sources: Sam Altman discussed spinning out OpenAI's robotics and consumer hardware divisions in late 2025 to give them more room to grow; the plan was rejected (Berber Jin/Wall Street Journal)

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As Colorado tech leaders say that burdensome regulations are driving companies away, lawmakers introduce a slimmer version of an AI anti-discrimination bill (Owen Tucker-Smith/Wall Street Journal)

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How AI is transforming the pharma industry, with most gains so far from back-office streamlining and faster manufacturing rather than breakthrough drug research (Peter Loftus/Wall Street Journal)

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Lattice Semiconductor agrees to acquire AMI for $1.65B in cash and stock; Georgia-based AMI provides firmware and infrastructure manageability for cloud and AI (Mike Rogoway/Oregonian)

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Grab reports Q1 revenue up 24% YoY to $955M, above est., and a $154M adjusted EBITDA, vs. $146.3M est., helped by resilient demand for ride hailing and delivery (Olivia Poh/Bloomberg)

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New Mexico child safety trial: New Mexico asks a judge to declare Meta a public nuisance and to order it to pay $3.7B and overhaul its apps to protect children (Diana Novak Jones/Reuters)

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Crypto stocks jump after lawmakers struck a compromise on the CLARITY Act to preserve stablecoin rewards under certain conditions; Circle's stock closed up ~20% (Tanaya Macheel/CNBC)

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Duolingo reports Q1 revenue up 27% YoY to $292M, above $288.5M est., bookings up 14% to $308.5M, and expects slower growth in Q2; DUOL drops 12%+ pre-market (Akash Sriram/Reuters)

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Musk v. Altman: Greg Brockman testifies that his OpenAI stake is now worth ~$30B; a Musk attorney asks why he hasn't donated $29B to OpenAI's nonprofit arm (Bloomberg)

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Palantir reports Q1 revenue up 85% YoY to $1.63B, above $1.54B est., US government revenue up 84% YoY to $687M, and US commercial revenue up 133% YoY to $595M (Jaspreet Singh/Reuters)

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Elon Musk agrees to pay $1.5M to settle SEC allegations that he cheated Twitter shareholders in 2022 by failing to disclose the 5%+ stake he had in the company (Nicola M White/Bloomberg)

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Pinterest reports Q1 revenue up 18% YoY to $1B, vs. $966M est., MAUs up 11% YoY to 631M, and forecasts Q2 revenue above estimates; PINS jumps 17%+ after hours (Jonathan Vanian/CNBC)

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Musk v. Altman: Stuart Russell, Musk's only AI expert witness, warned of AI risks but his concerns about AI's existential threats were excluded by the judge (Tim Fernholz/TechCrunch)

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Sources: the Trump administration is discussing an EO to create an AI working group to examine AI oversight procedures, including vetting models before release (New York Times)

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Former Trump and Biden AI advisers Dean Ball and Ben Buchanan urge bipartisan action on AI security risks, including tighter export controls and safety audits (New York Times)

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Anthropic co-founder explains why there's a 60%+ chance of AI systems autonomously building their successors by 2029 and the consequences of automated AI R&D (Jack Clark/Import AI)

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