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Techmeme

Memo: White House says it has info indicating "foreign entities, principally based in China" are engaged in "industrial scale distillation" of American AI tech (Financial Times)

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Anthropic's valuation has hit $1T on Forge Global, a leading private marketplace exchange, surpassing OpenAI's valuation on the platform of $880B (Ben Bergman/Business Insider)

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Orkes, which helps companies scale their AI and agentic systems, raised $60M, including a $40M Series B led by AVP, bringing its total funding to ~$90M (Chris Metinko/Axios)

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How Cash App founder Bob Lee's 2023 killing fed into a narrative pushed by tech leaders like Elon Musk about SF's decline until an acquaintance was convicted (Shawn Wen/Bloomberg)

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Spotify celebrates its 20th anniversary with a first-ever list of its 20 most streamed artists, albums, songs, podcasts, and audiobooks (Gil Kaufman/Billboard)

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Lyft agrees to buy London black cab app Gett, its third acquisition in the past year, as the company expands its presence beyond the US (Natalie Lung/Bloomberg)

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Petual, which automates internal audit work and generates auditor-ready workpapers, raised $20M across a pre-seed led by First Round and a seed led by a16z (Ryan Lawler/Axios)

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Beehiiv rolls out new creator tools, including metered paywalls, letting creators host webinars for up to 10,000 people, AI analytics, and more (Lauren Forristal/TechCrunch)

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Sam Bankman-Fried withdraws his request for a new trial, saying he doubts he would receive a fair hearing; his broader appeal remains pending (Olivier Acuna/CoinDesk)

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Cloudsmith, which is building a cloud-native system to manage software artifacts, raised a $72M Series C, following a $23M Series B in 2025 (Natalie Breymeyer/Axios)

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Anthropic and law firm Freshfields sign a deal to develop specialized legal AI tools for document drafting, contract review, due diligence, and more (Kaye Wiggins/Financial Times)

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Turkey's parliament passes a bill requiring social media and online game companies to restrict access for children under 15, following a school shooting (Andrew Wilks/Associated Press)

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Omni, which is building a "semantic translation layer" for enterprise data, raised a $120M Series C led by Iconiq at a $1.5B valuation, up from $650M in 2025 (Lily Mae Lazarus/Fortune)

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France-based Univity, which seeks to build 3,400 VLEO satellites to reduce Europe's reliance on Starlink, raised €27M, bringing its total funding to €68M (Gianluca Lo Nostro/Reuters)

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Apple fixes a bug that stored notifications for deleted messages on iPhone and iPad, following a report that police used it to extract deleted Signal messages (Lorenzo Franceschi-Bicchierai/TechCrunch)

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S-1 excerpts: SpaceX says its total addressable market could be as much as $28.5T, with $26.5T from the AI sector, most of it from AI for businesses (Reuters)

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Filing: Netflix plans a $25B share buyback, adding to a Dec. 2024 program that still has $6.8B for purchases; NFLX is down 13% since its Q1 earnings on April 16 (Amy Thomson/Bloomberg)

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Sources: DeepSeek is fundraising to keep its researchers, some of whom have left for rivals whose valuations have soared; it is targeting a $20B valuation (Zijing Wu/Financial Times)

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Sources: Bain Capital seeks to sell a stake of 40%+ in Bridge Data Centres in a deal that would value the Singapore-based data infrastructure builder at $5B (Reuters)

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Tencent releases Hy3-preview, its first AI model developed under former OpenAI researcher Yao Shunyu; the model features 295B parameters, down from HY2's 400B (Vincent Chow/South China Morning Post)

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TSMC SVP Kevin Zhang says the company plans to open an advanced chip packaging plant in Arizona by 2029 and that construction has begun (Reuters)

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Sensor Tower: India's mobile app IAP revenue crossed $300M in Q1, up 33% YoY, with non-gaming apps generating $200M+, much of it captured by global platforms (Jagmeet Singh/TechCrunch)

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SpaceX's S-1 excerpts list "manufacturing our own GPUs" among the "substantial capital expenditures" it is undertaking, with the size of the expenditure TBD (Reuters)

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Around 30K attend a Samsung union rally demanding 15% of operating profits for chip division staff amid the AI boom; the demand totals $27B or $400K+ per worker (Yoolim Lee/Bloomberg)

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X says it is deprecating X Communities, giving members until May 30 to migrate to XChat, and plans to increase group chat limits to 1,000 in the next two weeks (Nikita Bier/@nikitabier)

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STMicro reports Q1 revenue of $3.10B, above $3.04B est., $171M operating income, above $165.8 est., and forecasts $3.45B revenue for Q2, above $3.21B est. (Nathan Vifflin/Reuters)

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Microsoft says Copilot's agentic features in Word, Excel, and PowerPoint are now generally available and enabled by default for 365 Copilot and 365 Premium (Sumit Chauhan/Microsoft 365 Blog)

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A poll of 4,000 workers in the US and the UK finds that the highest-earning and most experienced workers are adopting AI in their jobs far faster than others (Financial Times)

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Report: China's 360 Digital Security Group has uncovered ~1,000 previously unknown vulnerabilities, including in Microsoft's Office, using an AI-powered agent (Ryan Gallagher/Bloomberg)

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US Commerce Secretary Howard Lutnick says Nvidia has yet to sell H200 chips to Chinese companies and that the Chinese government has not approved such purchases (Alexandra Alper/Reuters)

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Sources: Microsoft told carbon-removal project developers it is shelving contracts under negotiation; Microsoft has been a major backer of carbon capture tech (Alastair Marsh/Bloomberg)

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GitHub says it has begun collecting pseudonymous client-side telemetry from command-line interface (CLI) users and enabled it by default (Brandon Vigliarolo/The Register)

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Elon Musk says Tesla plans to use Intel's 14A process technology to make chips at its Terafab project, which would make Tesla the first major customer for 14A (Reuters)

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TSMC says it will hold off on using ASML's most advanced high-NA EUV machines, costing upwards of €350M apiece, for chip production through 2029 to save money (Bloomberg)

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TSMC unveils its process technology roadmap through 2029, aiming to launch a new node yearly for client applications and every two years for AI and HPC (Anton Shilov/Tom's Hardware)

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US child safety group NCMEC received 1.5M reports of suspected CSAM with ties to AI in 2025, a significant surge compared to 67,000 in 2024 and 4,700 in 2023 (Bloomberg)

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Courier Health, which develops an AI-powered biopharma platform for managing the end-to-end patient experience, raised a $50M Series B led by Oak HC/FT (Heather Landi/Fierce Healthcare)

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OpenAI releases ChatGPT for Clinicians, a tool for medical tasks like documentation and research, free for verified physicians, pharmacists, and more in the US (OpenAI)

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Sources: SoftBank seeks a $10B two-year margin loan secured by its OpenAI shares, with an option for a year extension, as SoftBank aims to become an AI linchpin (Bloomberg)

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Sources: Microsoft considered buying Cursor in recent weeks but didn't make an offer; Microsoft has been working to boost GitHub Copilot's popularity (CNBC)

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Microsoft plans to invest AU$25B by 2029 to expand Azure AI supercomputing and cloud infrastructure in Australia, its largest commitment to the country (Ainslie Chandler/Bloomberg)

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An undergraduate used AI assistants to rewrite leaked source code for Claude Code in a different language, highlighting the uncertainty over copyright and AI (Meaghan Tobin/New York Times)

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SK Hynix reports Q1 revenue up 198% YoY to ~$35.55B, vs. ~$36.2B est., and operating profit up 405% YoY to ~$25.4B, vs. ~$25.6B est., as memory prices rise (Dylan Butts/CNBC)

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Alibaba launches Qwen3.6-27B, an open-weight dense model with 27B parameters, saying it surpasses Qwen3.5-397B-A17B on major coding benchmarks (Qwen)

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Dune Analytics: Polymarket's global trading volumes have fallen behind Kalshi in recent months; sources: product delays are contributing to Polymarket's decline (Bloomberg)

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Kalshi suspends and fines congressional candidates Mark Moran of Virginia, Matt Klein of Minnesota, and Ezekiel Enriquez of Texas for political insider trading (Dan Mangan/CNBC)

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IBM reports Q1 revenue up 9% YoY to $15.92B, vs. $15.62B est., software revenue up 11% to $7.05B, and maintains FY 2026 guidance; IBM drops 7%+ after hours (Jordan Novet/CNBC)

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ServiceNow reports Q1 subscription revenue up 22% YoY to $3.67B, vs. $3.65B est., says conflict in the Middle East weighed on growth; NOW drops 12%+ after hours (Lola Murti/CNBC)

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Texas Instruments reports Q1 revenue up 19% YoY to $4.83B, vs. $4.52B est., and forecasts Q2 revenue above estimates; TXN jumps 10%+ after hours (Ian King/Bloomberg)

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Sources: xAI held talks in recent weeks with Mistral and Cursor about a potential three-way partnership; Mistral co-founder Devendra Chaplot joined xAI in March (Grace Kay/Business Insider)

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