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Investor docs: Anthropic's revenue run-rate is on track to hit $50B by the end of June; Ramp says more of its customers now use Anthropic than OpenAI, a first (Kate Clark/Wall Street Journal)

A profile of California Rep. Ro Khanna, who spent years cheering on the tech industry and now supports a 5% billionaire wealth tax and stricter AI regulations (Bloomberg)

UK chip startup Fractile raised a $220M Series B led by Factorial Funds, Accel and Founders Fund to make specialized logic and memory chips for inference (Robbie Whelan/Wall Street Journal)

WhatsApp launches Incognito Chat, an AI chat mode built on Private Processing that Meta says lets users talk to AI without Meta being able to access the chats (Lily Hay Newman/Wired)

German quantum MRI imaging startup NVision raised a $55M Series B led by Abbott at a $250M to $300M valuation, and plans a $100M+ Series C later in 2026 (Katherine Davis/Axios)

Apple files an EU submission criticizing draft DMA measures that would require Google to give competing AI services access to Android apps, citing privacy risks (Foo Yun Chee/Reuters)

Analysis: 25% of the 13,000 US federal lobbyists are involved in AI issues, up from 11% in 2023; OpenAI plans to host the opening of its DC office on Wednesday (Cecilia Kang/New York Times)

Amazon is replacing its Rufus AI shopping assistant with Alexa for Shopping, powered by Alexa+, on Amazon.com and its app for all customers in the US (Jennifer Pattison Tuohy/The Verge)

Poland says it plans to proceed with a digital services tax of up to 3% on large digital platforms, despite threats of retaliation like tariffs from the US (Agnieszka Barteczko/Bloomberg)

Trump Mobile CEO Pat O'Brien says T1 Phone pre-orders will begin shipping to customers this week, and the device is assembled in the US, after months of delays (Michelle Del Rey/USA Today)

Ofcom fines an unnamed suicide forum £950K, the largest OSA fine so far, for hosting illegal content accessible in the UK; the forum is linked to 130+ deaths (Sam Tabahriti/Reuters)

Analysis: a16z is the largest known donor in the current US midterm election cycle, spending $115M+ so far on pro-crypto, pro-AI, or Republican Super PACs (New York Times)

Analysts: China's AI hardware suppliers face capacity constraints and component shortages, including optical and electronic chips, that may limit 2026 growth (Bloomberg)

Google says Chromebooks will get support through their "existing date commitment", and "many" models are "eligible to transition" to the Googlebook experience (Ben Schoon/9to5Google)

How eBay CEO Jamie Iannone transformed the company, refocusing on power buyers in categories with especially high resale demand like trading cards and sneakers (Kim Bhasin/New York Times)

Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Bloomberg)

The Lucy Faithfull Foundation's Project Intercept, a partnership with Google, TikTok, and Meta, sent 70M+ warning messages to users seeking CSAM in two years (Shiona McCallum/BBC)

Tencent reports Q1 revenue up 9% YoY to ~$28.9B, below ~$29.4B est., and net income of ~$8.5B, meeting est., amid a costly AI pivot; its stock is down 23% YTD (Bloomberg)

SoftBank reports Q4 net income up 3x to ~$11.6B, above ~$1.5B est., driven by a $25B gain in its OpenAI stake; by October, its OpenAI investment will hit $64.6B (David Keohane/Financial Times)

Richard Socher's Recursive Superintelligence raised $650M+ from GV, Greycroft, Nvidia, AMD, and others at a $4B valuation to pursue "recursive self-improvement" (Cade Metz/New York Times)

Anduril raised a $5B Series H led by Thrive and a16z at a $61B valuation, up from $30.5B in June 2025, taking its total funding to $6.82B, and may IPO in 2027 (Sheera Frenkel/New York Times)

Q&A with Amazon SVP of Devices and Alexa Panos Panay on Alexa+, the company's focus on devices for the home, its Leo satellite broadband business, and more (Rafe Rosner-Uddin/Financial Times)

How the Strait of Hormuz blockade is disrupting global chip supply chains, affecting supplies of helium, bromine, sulfur, and thinners essential to chipmaking (Bloomberg)

China's move to block Meta's Manus acquisition challenges the "Singapore washing" model, as major Chinese tech companies build significant Singapore presences (Owen Walker/Financial Times)

How the "Facebook House" in Los Altos, Mark Zuckerberg's former residence, became a hub for Chinese AI talent, who are a key part of Silicon Valley's AI boom (Viola Zhou/Rest of World)

Analysts say AI fervor in the US and Asia has spread to Europe, boosting stocks like STMicro and Nokia, as investors seek the AI boom's "pick-and-shovel" stocks (Financial Times)

An analysis of Tokenomist.ai data: Trump family members made ~$1.55B from sales of World Liberty Financial's WLFI tokens, lifting their total fortune by ~$660M (Bloomberg)

China's CSI AI Index, which tracks AI supply chain companies, is up 28%+ YTD, while HK's Hang Seng Tech Index, which includes Alibaba and Tencent, is down 8% (William Sandlund/Financial Times)

Analysis: contract prices for NAND chips are up 600%+ since late September 2025, while those for DRAM chips are up ~400%, with analysts expecting further gains (Winnie Hsu/Bloomberg)

Config, which is building a data layer for robotics foundation models, raised a $27M seed at a $200M+ valuation led by Samsung Venture Investment (Kate Park/TechCrunch)

Metis TechBio, a biotech company using AI to deliver and formulate drugs, surged as much as 185% in its Hong Kong market debut after raising ~$270M in its IPO (Amber Tong/Bloomberg)

Paymentology, which provides real-time card and payment processing technology for banks and fintechs, raised $175M co-led by Apis Partners and Aspirity Partners (Tamara Djurickovic/Tech.eu)

Sources: Sam Altman recently discussed launching an AI compute company that is majority-owned by OpenAI, similar to Stargate's original data center initiative (Alex Heath/Sources)

Nvidia says Jensen Huang is joining President Trump on his China trip; a source says Trump asked Huang to join him after seeing media coverage of his absence (CNBC)

Waymo recalls ~3,800 robotaxis in the US to fix software issues that may cause them to drive onto flooded roads, after some were seen stalled on flooded streets (Lora Kolodny/CNBC)

Sources: Jensen Huang was left out of President Trump's China trip to avoid unwanted scrutiny and awkward conversations about the sale of Nvidia chips to China (Semafor)

The US' Centers for Medicare & Medicaid Services is testing ACCESS, an outcome-based payment model for AI-driven medical care, with 150 tech companies (Connie Loizos/TechCrunch)

Internal emails: xAI added 19 gas turbines to Colossus 2 over the past two months; xAI is fighting a lawsuit alleging Clean Air Act violations at the site (Molly Taft/Wired)

Havoc, which offers autonomous boats and software to control thousands of vessels at once, raised a $100M Series A led by Cobalt and Boardman Bay (Monica Hunter-Hart/Forbes)

Sources: Anthropic is in talks to raise between $30B and $50B in a funding round that would value it at up to $950B (Mike Isaac/New York Times)

Princeton faculty votes to require proctoring in all in-person exams starting this summer, reversing an 1893 policy amid concerns about AI-fueled cheating (Douglas Belkin/Wall Street Journal)

Google DeepMind details a Gemini-powered mouse pointer that understands what it is pointing at, allowing users to perform tasks without using text-heavy prompts (Google DeepMind)

Vancouver-based quantum computing startup Photonic raised an additional $70M after a $130M raise announced in January, giving it a $2B post-money valuation (Josh Scott/BetaKit)

Foxconn says some of its North American factories suffered a cyberattack in recent days; ransomware group Nitrogen claims it stole 8TB of data (Lily Hay Newman/Wired)

Source: Anthropic is in advanced talks to acquire New York-based Stainless, which helps developers generate SDKs from APIs, for at least $300M (The Information)

Anthropic In Talks to Raise $30 Billion at $900 Billion Valuation (Bloomberg)

Qualcomm closed down 11.46% on Tuesday as chip stocks pull back from record AI-driven rally; Intel closed down 6.82%, Sandisk dropped 6%, and Micron 3.61% (Samantha Subin/CNBC)

Samsung and its South Korean labor union fail to reach a pay deal; the union has said workers will strike for 18 days from May 21 if its demands are not met (Reuters)

Meta schedules its annual Connect event for September 23-24 and says the event will focus on "the latest in VR, wearables, metaverse, and AI" (Ben Lang/Road to VR)

Meta offers to give rival AI chatbots free access to WhatsApp for a month while it discusses commitments with EU antitrust regulators to address their concerns (Foo Yun Chee/Reuters)