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Techmeme

Sources: JPMorgan Chase and other banks struggled to spread the risk of billions in loans they made for data centers leased to Oracle in Texas and Wisconsin (Wall Street Journal)

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The DOJ joins xAI in its legal challenge to a new Colorado law that seeks to prevent discrimination by AI tools in employment and other areas (Madlin Mekelburg/Bloomberg)

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Anthropic says Google is committing to invest $10B now in cash at a $350B valuation and will invest another $30B if Anthropic hits performance targets (Bloomberg)

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France's forecasting office refers suspected weather sensor tampering at Paris airport to police, after detecting unusual readings alongside Polymarket betting (Joe Wertz/Bloomberg)

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India's central bank cancels Paytm Payments Bank's banking license, after imposing business curbs over non-compliance with rules in January 2024 (Gopika Gopakumar/Reuters)

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Helsinki-based Verda, formerly Datacrunch, which aims to become Europe's first AI cloud hyperscaler, raised €100M in debt and equity (Mimi Billing/Sifted)

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Meta and Amazon reach a multibillion-dollar, multiyear deal for Meta to rent hundreds of thousands of Amazon's Graviton chips for its AI inference needs (Matt Day/Bloomberg)

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Meta inks deal to use more Amazon chips (Ina Fried/Axios)

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Huawei plans to spend up to ~$11.7B over five years to boost compute for training and testing autonomous cars, with ~$2.64B for autonomous driving R&D in 2026 (Daniel Ren/South China Morning Post)

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Sources: in recent weeks, China told tech companies, like ByteDance and Moonshot AI, to reject US capital without state approval, after Meta's Manus acquisition (Bloomberg)

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Alibaba says its Qwen AI model will be integrated into select car models from BYD, Volkswagen, and others, letting users buy food and tickets via voice commands (Evelyn Cheng/CNBC)

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As part of the Cohere-Aleph Alpha deal, Aleph Alpha backer Schwarz Group plans to invest $600M in Cohere's Series E, which a source says is set to close in 2026 (Kai Nicol-Schwarz/CNBC)

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Norway plans to ban children from using social media until they turn 16; the government says it will introduce a bill in parliament by the end of 2026 (Terje Solsvik/Reuters)

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Canada-based Cohere and Germany-based Aleph Alpha agree to a merger valuing the combination at ~$20B, to work on sovereign AI; both governments support the deal (Financial Times)

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EY survey of 18,000 people across 23 countries: ~49% of consumers have used AI over the past six months to support their savings and investment decisions (Emma Dunkley/Financial Times)

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Tracxn: global edtech funding fell from $16.7B in 2021 to $2.6B in 2025, while the number of startups launched dropped from 7,178 in 2021 to just 645 in 2025 (Ananya Bhattacharya/Rest of World)

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Sources: India is piloting ~10 schemes to test whether its CBDC, the e-rupee, can deliver welfare payments more efficiently, as it looks to boost e-rupee usage (Reuters)

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DeepSeek V4 Pro costs $1.74/1M input and $3.48/1M output tokens while V4 Flash costs $0.14/1M input and $0.28/1M output tokens, both the cheapest in their class (Simon Willison/Simon Willison's Weblog)

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Staffing experts say India's IT sector is seeing a rise in replacement hiring as companies adapt to Gen Z staff leaving jobs faster than previous generations (Tanya Pandey/The Economic Times)

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Sources: Cursor hit $2.7B in annualized sales in March, up ~14x from a year ago, and reported a nearly $900M loss in its past fiscal year on ~$770M in revenue (The Information)

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China's top market regulator says it is launching a six-month crackdown on the country's online ad sector, targeting malpractices including the misuse of AI (Ben Jiang/South China Morning Post)

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The AI boom has pushed the market cap of Shenzhen-listed Zhongji Innolight, a leading optical communications device maker, close to $146B, a record high (Bloomberg)

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DeepSeek V4 Pro has 1.6T total parameters, its largest model by that metric, and V4 Flash has 284B parameters; both models have a context window of 1M tokens (South China Morning Post)

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Huawei says its Ascend supernode based on the Ascend 950 AI chips will fully support DeepSeek V4, as DeepSeek launches a preview of its V4 model (Reuters)

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DeepSeek releases its new flagship models V4 Pro and V4 Flash in preview, saying V4 Pro trails the performance of state-of-the-art models by about 3 to 6 months (Bloomberg)

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S-1 excerpts: SpaceX warns multiple investigations into sexually abusive AI imagery created with xAI's Grok may hurt the company's global market access (Reuters)

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Q&A with Google Cloud CEO Thomas Kurian on building infrastructure for AI agents, balancing internal needs and the demands of customers like Anthropic, and more (Ben Thompson/Stratechery)

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Trump threatens to "put a big tariff on the UK" if it does not drop its digital services tax, which he views as unfairly targeting US tech companies (Connor Stringer/Telegraph)

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SAP reports Q1 revenue up 6% YoY to €9.56B, vs. €9.53B est., non-IFRS operating profit up 17% to €2.87B, cloud revenue up 19% to €5.96B; SAP up 10%+ after hours (Reuters)

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Singapore is slowly emerging as a neutral ground for AI companies, offering an alternative place to build without worrying about US or Chinese regulations (Reuters)

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Sources: AI coding firm Cognition is in early talks to raise hundreds of millions of dollars at a $25B valuation, up from $10.2B announced in September 2025 (Bloomberg)

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The US DOJ arrests a soldier involved in the capture of Nicolás Maduro for allegedly making $400K+ on Polymarket by betting on his removal from office (ABC News)

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Texas Instruments stock rose 19% on Thursday, its best day since 2000, after upbeat Q2 guidance driven by high demand for analog chips used in AI data centers (Katie Tarasov/CNBC)

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Shenzhen-based Pudu Robotics, which makes commercial service robots, raised ~$150M, bringing its total funding to $300M+, and says its valuation exceeds $1.5B (The Robot Report)

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Intel reports Q1 revenue up 7% YoY to $13.58B, vs. $12.42B est., and forecasts Q2 revenue and adjusted EPS above estimates; INTC jumps 15%+ after hours (Katie Tarasov/CNBC)

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Music publishers including UMG, Warner Music, and Sony drop a copyright suit against Verizon following a SCOTUS decision limiting ISP liability in Cox's suit (Kyle Jahner/Bloomberg Law)

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Xbox CEO Asha Sharma and Chief Content Officer Matt Booty detail their "return of Xbox" strategy, including daily active players as its "new north star" (Tom Warren/The Verge)

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Instagram launches Instants, an app for sharing disappearing photos, in Italy and Spain, after rolling out an Instants feature in its main app in some regions (Sydney Bradley/Business Insider)

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OpenAI says "GPT-5.5 matches GPT-5.4 per-token latency in real-world serving, while performing at a much higher level of intelligence" (OpenAI)

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Anthropic says it has fixed three causes of recent Claude Code quality issues: reduced default reasoning, a caching bug, and a system prompt to reduce verbosity (Anthropic)

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GPT-5.5 is priced at $5/1M input tokens and $30/1M output tokens, double GPT-5.4's pricing; GPT-5.5 Pro costs $30/1M input tokens and $180/1M output tokens (Carl Franzen/VentureBeat)

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GPT-5.5 is rolling out to Plus, Pro, Business, and Enterprise users in ChatGPT and Codex, and GPT-5.5 Pro to Pro, Business, and Enterprise users in ChatGPT (The Verge)

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OpenAI says GPT-5.5's improvements are strongest in agentic coding, computer use, and early scientific research, which require reasoning across longer contexts (Madison Mills/Axios)

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OpenAI launches GPT-5.5, designed to handle complex tasks with minimal guidance; the model will be used to power the company's upcoming "super app" (Rachel Metz/Bloomberg)

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At a town hall, Asha Sharma said Microsoft is returning to using Xbox for its gaming division, instead of Microsoft Gaming, as "Xbox needs to be our identity" (Tom Warren/The Verge)

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Meta plans to cut 10% of workers, or ~8,000 jobs, on May 20 and won't fill 6,000 open roles, in an effort to offset its AI spending and boost efficiency (Kurt Wagner/Bloomberg)

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Microsoft announces its first voluntary retirement program, for staff whose years of employment and age add up to 70+; source: 7% of US employees are eligible (Jordan Novet/CNBC)

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A look at Microsoft's recent wave of executive departures, as it struggles to retain talent and changes its annual rewards and performance programs in response (Tom Warren/The Verge)

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Internal memo: Amazon is replacing white-collar job titles at its Ring and Blink units with the designation "builder", and "builder leaders" for managers (Greg Bensinger/Reuters)

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Manila-based Salmon, a consumer finance app targeting underbanked Filipinos, raised $60M in equity and $40M in debt; it raised $310M to date, $160M in equity (Kate Park/TechCrunch)

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