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Sports Illustrated rights holder Minute Media lays off 12% of staff and reverses its ~$200M deal to buy VideoVerse, an AI platform to extract sports highlights (Meir Orbach/CTech)

After hitting their annual AI budget in months or seeing their AI bills double or triple due to "tokenmaxxing", some companies are rationing or tracking AI use (Bradley Olson/Wall Street Journal)

Kalshi plans to offer perpetual futures contracts, saying it will be "the first company in American history to offer" them, to be "fully regulated" by the CFTC (Nathan Bomey/Axios)

A BBC Question Time episode featured a panel with AI-generated historical figures like Churchill, intended to show AI images' "hyper-real and persuasive" nature (Holly Bishop/The Independent)

Sources: ByteDance has partnered with chipmaker InnoStar to develop an AI inference chip modeled after Groq's LPUs, which are built to run AI models at low cost (The Information)

AI startup Shift launches a free home cleaning service in NYC to record first-person video with a camera-equipped cap and use it to train robots (Robert Hart/The Verge)

Xcena, whose MX1 chip performs data orchestration and KV cache management directly within memory modules, raised a $135M Series B at a $570M valuation (Kate Park/TechCrunch)

Former Tesla data labelers say FSD relies on laborious mapping for hazards; crash data analysis shows Tesla exaggerates FSD's safety via flawed methodology (Reuters)

Allegations that China is behind US data center protests draw criticism from allies of the AI industry, who say the industry and politicians are in denial (Evan Halper/Washington Post)

MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's, as the mobile chip designer bets on AI demand for growth (Cheng Ting-Fang/Nikkei Asia)

OpenAI says it has briefed the White House on its new biodefense program, which uses GPT-Rosalind to help develop biodefense and pandemic preparedness tools (Maria Curi/Axios)

London-based Inherent, which aims to combine human scientific research with AI to produce innovations, emerges from stealth with $50M led by Index Ventures (Martin Coulter/Sifted)

Paxos says the US SEC has approved its registration as a clearing agency, allowing it to provide clearing and settlement services for eligible transactions (Danny Park/The Block)

Lenovo's stock is up 105% in May, marking its biggest monthly gain since 1999, after earnings showed AI-related revenue helped offset rising memory costs (Bloomberg)

Blue Origin's New Glenn rocket, which exploded during testing on Thursday, was set to ferry 48 Amazon Leo satellites on Monday; Amazon paid Blue Origin $2.7B (Financial Times)

A look at Anthropic's hiring process, which prohibits AI use in interviews and features a culture interview that candidates describe as highly intense (Jo Constantz/Bloomberg)

EY-Parthenon: VC funding for Singapore startups fell 34% YoY to $4.6B in 2025, with AI startups accounting for 42.8% of the 472 deals, raising $1.4B, up 28% YoY (Katrina Bianca Cuaresma/DealStreetAsia)

A look at strains in the UK's fintech sector, as former industry darlings are forced to overhaul their operations or merge under pressure to reach profitability (Financial Times)

Sources: SpaceX is currently targeting an IPO valuation of at least $1.8T, down from a previous $2T+ target, after consultations with advisers and investors (Bloomberg)

Tencent bets on smaller AI models in the race with Chinese rivals, as EVP Dowson Tong says AI now contributes 20%+ of its revenue and 95%+ of new internal code (Cissy Zhou/Nikkei Asia)

BYD announces the Xuanji A3 chip, which it calls China's most powerful chip for ADAS and the centerpiece of its new laptop-sized central computing platform (Bloomberg)

UK Chief Secretary to the Treasury Lucy Rigby warns that rejecting AI in public services means choosing "decline", vowing to prioritize its Whitehall rollout (Financial Times)

Samsung says it has started shipping its first 12-layer HBM4E samples to major clients; SK Hynix said in April that it aimed to ship HBM4E samples in H2 2026 (Yoolim Lee/Bloomberg)

Microsoft overhauled Copilot's design in Microsoft 365 with a minimalist black-and-white, text-focused interface aimed at creating a more consistent experience (Ian Carlos Campbell/Engadget)

Pittsburgh-based Gray Swan, which stress-tests AI models for top frontier AI labs, raised a $40M Series A at a $200M valuation co-led by Wing VC and Madrona (Rashi Shrivastava/Forbes)

Asana acquires StackAI, a no-code platform for building AI agents, for $75M as part of Asana's broader AI pivot; PitchBook: StackAI raised ~$20M (Russell Brandom/TechCrunch)

France's market regulator warns crypto companies they could face blacklisting and lawsuits if they don't have MiCA licenses by the EU's June 30 deadline (Elizabeth Howcroft/Reuters)

Sources: TikTok is cutting music label-facing jobs to focus on its music distribution arm SoundOn and other projects that connect it more directly with artists (Bloomberg)

AI researchers ran 15-day simulations of worlds governed by different AI models: Claude Sonnet 4.6 recorded no crimes, while Gemini 3 Flash had the most at 683 (Jake Angelo/Fortune)

Dell reports Q1 AI server revenue up 757% YoY to $16.1B and raises its FY 2027 AI server revenue forecast to $60B, up from its prior projection of $50B (Mike Wheatley/SiliconANGLE)

Triomics, which is building an AI-powered platform to help oncologists automate data-heavy tasks, raised a $22M Series B, following a $15M Series A in 2024 (Marina Temkin/TechCrunch)

Sources: Apollo Global and Blackstone are working to bring additional investors into a ~$36B debt financing deal to purchase Google TPUs for Anthropic to lease (Bloomberg)

California AG Rob Bonta sues 23andMe, alleging it failed to protect sensitive user data in a 2023 breach that affected ~7M people across the US (Jaimie Ding/Associated Press)

Okta reports Q1 revenue up 11% YoY to $765M, vs. $752M est., says the agentic AI build-out is spiking demand for its identity tools; OKTA jumps 8%+ after hours (Samantha Subin/CNBC)

Sources: Amazon has shut down an internal leaderboard that tracked employees' use of AI tools after workers tried to boost their scores with needless tasks (Rafe Rosner-Uddin/Financial Times)

Sources: Airwallex raised new funding led by Lee Fixel's Addition at a ~$12B valuation, up from $8B late last year, and hit $1.5B in ARR, up from $1B in October (Axios)

Doc: the EU is preparing emergency powers to intervene in Europe's chip supply chains during shortages, including by forcing chipmakers to override contracts (Barbara Moens/Financial Times)

Dell reports Q1 revenue up 88% YoY to $43.84B, vs. $35.43B est., and forecasts FY 2027 revenue above estimates; DELL jumps 38%+ after hours (Jordan Novet/CNBC)

Autodesk agrees to buy MaintainX, a company focused on maintenance tools, in an all-cash deal that values MaintainX at $3.6B (Brody Ford/Bloomberg)

Snowflake stock closed up 36% on Thursday, its best day ever, after the company boosted guidance and announced an AI compute deal with Amazon (Samantha Subin/CNBC)

Fonoa, which helps enterprises manage indirect tax compliance, raised a $110M Series C led by Headline and acquired PwC's Indirect Tax Edge platform (Ryan Lawler/Axios)

Anthropic adds dynamic workflows to Claude Code, enabling hundreds of subagents to run in parallel for complex engineering tasks such as framework migrations (Claude)

The CFTC moves to vacate a $5M settlement with Gemini, reversing a Biden-era enforcement action, following a lobbying campaign by the Winklevoss twins (Wall Street Journal)

Anthropic raised a $65B Series H at a $965B post-money valuation, overtaking OpenAI's $852B valuation, and says its revenue run rate crossed $47B this month (New York Times)

Anthropic says it expects Mythos-class models to be available to all customers "in the coming weeks" following the development of stronger safeguards (Madison Mills/Axios)

Corgi, which uses AI to provide insurance for startups, raised a $106M Series B1 at a $2.6B valuation, up from $1.3B on May 6, for a total funding of $378M (Dominic-Madori Davis/TechCrunch)

Anthropic launches Opus 4.8, saying it's "more likely to flag uncertainties about its work and less likely to make unsupported claims", at the same price as 4.7 (Russell Brandom/TechCrunch)

Elon Musk says Anthropic's Colossus deal is "a 180 day lease with 90 day notice"; SpaceX's S-1 said Anthropic "agreed to pay a monthly fee through May 2029" (Russell Brandom/TechCrunch)

Meta's Oversight Board says Meta agreed to increase its funding by $13M, ensuring that it will be funded through 2028, reversing a planned decrease in funding (Casey Newton/Platformer)

IBM plans to invest more than $10B in quantum computing over five years as it aims to build the first large-scale, error-free quantum computer by 2029 (Reuters)