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Techmeme

Sources: Meta is building an OpenClaw-inspired agent internally called Hatch, to be powered by its Muse Spark model, and an agentic shopping tool in Instagram (Jyoti Mann/The Information)

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Sources: Alphabet sold its biggest-ever euro-denominated bonds, raising €9B, and its first Canadian dollar notes, raising CA$8.5B, months after raising $20B (Bloomberg)

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Kaspersky says Daemon Tools, a widely used app for mounting disk images, has been backdoored in a monthlong compromise that has pushed malicious updates (Dan Goodin/Ars Technica)

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EA reports Q4 net bookings up 3.6% YoY to $1.86B, vs. $2B est., weighed down by a post-launch drop-off in engagement for Battlefield 6 (Anhata Rooprai/Reuters)

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GlobalFoundries reports Q1 revenue up 3% YoY to $1.63B, in line with est., and forecasts Q2 revenue and adjusted earnings above estimates; GFS closes up 9.28% (Patrick Seitz/Investor's Business Daily)

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Micron closes up 11% after announcing its highest-capacity SSD has started to ship, lifting its market cap past $700B for the first time; Sandisk closes up 12% (Lola Murti/CNBC)

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A US court sentences a Latvian national to 8.5 years for acting as a negotiator for Russia's Karakurt ransomware group (Sergiu Gatlan/BleepingComputer)

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Super Micro reports Q3 revenue up 123% YoY to $10.24B, vs. $12.33B est., forecasts Q4 revenue and adjusted profit above estimates; SMCI jumps 17%+ after hours (Juby Babu/Reuters)

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Match Group reports Q1 revenue up 4% YoY to $864M, vs. $855M est., as Tinder's new user registrations grew for the first time since 2024, up 1% (Samantha Kelly/Bloomberg)

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Source: Anthropic plans to spend about $200B on Google's cloud and chips over five years, representing 40%+ of the "revenue backlog" Google disclosed last week (The Information)

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Apple reaches a $250M settlement in a CA federal court to resolve a false advertising class action lawsuit over the launch of a "personalized" Siri in 2024 (Michael Acton/Financial Times)

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AMD reports Q1 revenue up 38% YoY to $10.25B, vs. $9.89B est., Data Center revenue up 57% to $5.8B, forecasts Q2 revenue above est.; AMD jumps 7%+ after hours (Reuters)

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Xbox CEO Asha Sharma says Xbox "will begin winding down Copilot on mobile and will stop development of Copilot on console" as part of a strategic shift (Jay Peters/The Verge)

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Sources: Meta is building agentic tools, including an OpenClaw-like assistant powered by its new Muse Spark AI model to help users create AI bots (Hannah Murphy/Financial Times)

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Musk v. Altman: on his second day of testimony, Greg Brockman said that OpenAI expects to spend $50B on computing in 2026, up from $30M in 2017 (Rachel Metz/Bloomberg)

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Musk v. Altman: Greg Brockman testified about tense negotiations with Musk in 2017, saying "he knows rockets, he knows electric cars" but "does not know AI" (Bloomberg)

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Subquadratic launches with a $29M seed and debuts SubQ, an LLM that uses a subquadratic sparse attention architecture to achieve a 12M-token context window (Kyt Dotson/SiliconANGLE)

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Blitzy, which says its platform autonomously completes months of software development, raised $200M led by Northzone at a $1.4B valuation (Mary Ann Azevedo/Crunchbase News)

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OpenAI rolls out a beta version of its new Ads Manager tool to advertisers in the US, making it easier for SMBs to buy ChatGPT ads on a cost-per-click basis (Sara Fischer/Axios)

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Sources: Apple plans to let users choose from multiple third-party AI models to perform tasks like generating and editing text and images in iOS 27 (Mark Gurman/Bloomberg)

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OpenAI says GPT-5.5 Instant produces 52.5% fewer hallucinated claims "on high-stakes prompts covering areas like medicine, law, and finance" (Megan Morrone/Axios)

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OpenAI launches GPT-5.5 Instant, which it says is smarter, with more accurate and personalized responses, replacing GPT-5.3 Instant as ChatGPT's default model (OpenAI)

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Pennsylvania sues Character.AI, alleging that one of its characters posed as a psychiatrist, as the state seeks to prevent chatbots from impersonating doctors (Jonathan Stempel/Reuters)

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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 Capital, In-Q-Tel, and others to build KiloFab, a 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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