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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)

CME Group and Silicon Data announce a futures market for computing capacity, with contracts based on daily GPU benchmarks for on-demand rental rates (Tobias Burns/CNBC)

Sources: Apple plans to make the Camera app fully customizable in iOS 27, along with noticeable design changes across Siri, Safari, Weather, and more (Mark Gurman/Bloomberg)

Musk v. Altman: Altman faced an intense cross-examination from Musk's attorney, who asked "are you completely trustworthy?"; Altman replied "I believe so" (Business Insider)

The US FCC approves EchoStar's sale of approximately 65MHz of spectrum to SpaceX and 50MHz to AT&T (Christian Martinez/Reuters)

Google says it is hiring a team of "forward deployed engineers", a source says in the hundreds, to help customers use its business-focused AI products (Erin Woo/The Information)

Musk v. Altman: Altman testified that in 2017 Musk demanded complete control of a proposed OpenAI for-profit arm, musing that he would pass it to his children (Bloomberg)

Anthropic names eight unauthorized secondary market sellers of its shares, including Hiive and Forge Global, warning that any share transactions there are void (Yazhou Sun/Bloomberg)

Google launches Intrusion Logging, an Android feature developed in partnership with Amnesty International and others, on Android 16 Pixel devices for now (Tim Starks/CyberScoop)

Google unveils a "full bleed" Android Auto design that fills unconventionally shaped screens like in the BMW Neue Klasse, plans to add YouTube video streaming (Andrew J. Hawkins/The Verge)

Google unveils Android security features, including protection from spoofed banking calls, default theft protection, and biometric protection for Mark as lost (Adamya Sharma/Android Authority)

Google announces Pause Point, an Android 17 feature that forces a mandatory 10-second pause before opening any app a user has labeled as a distraction (Sarah Perez/TechCrunch)

Anthropic announces 12 Claude plugins for the legal sector, including a "commercial counsel" tool for reviewing vendor agreements and a bar exam study tool (Rachel Metz/Bloomberg)

Google has worked with Meta to improve Instagram on Android, adding Ultra HDR support and more, and with Apple to overhaul the iOS-to-Android transfer process (Prakhar Khanna/ZDNET)

Google unveils Gemini Intelligence, bundling existing and new Gemini features, including task automation across apps and letting users vibe-code Android widgets (Allison Johnson/The Verge)

Google unveils Googlebook, its new laptop lineup featuring a unified OS merging ChromeOS and Android, with devices from Dell, HP, and others coming this fall (Kyle Kucharski/ZDNET)

Threads is testing a Meta AI integration similar to X's Grok, letting users mention Meta AI in a post or a reply to get more context, in five countries (Aisha Malik/TechCrunch)

Nonprofit RSL Media announces the Human Consent Standard, an AI licensing framework for use of people's work or likeness, backed by George Clooney and others (Emma Roth/The Verge)

Sources: Google is in talks with SpaceX and other companies for a rocket launch deal, as Google expands its own efforts to put orbital data centers in space (Wall Street Journal)

Isomorphic Labs, an AI-powered drug discovery spinoff from Google DeepMind, raised $2.1B led by Thrive, after raising $600M in its first round in March 2025 (Pritam Biswas/Reuters)

The US DOD says it is deploying Mythos to find and patch software vulnerabilities across the US government, even as it works on a transition away from Anthropic (Reuters)

Exaforce, which uses AI agents to detect and thwart cyberattacks, raised a $125M Series B at a $725M valuation, bringing its total funding to $200M (Marina Temkin/TechCrunch)

Sources: Wispr Flow developer Wispr AI is in talks to raise a round that could more than double its valuation to $2B; source: the round is set to total ~$260M (Bloomberg)

SAP launches its Autonomous Enterprise software suite to help clients process and contextualize their data and deploy AI agents to automate business processes (Mauro Orru/Wall Street Journal)

PayPal agrees to forgo ~$30M in transaction fees to end a DOJ probe into allegations that the company adopted unlawful preferences for minority-owned businesses (Sadie Gurman/Wall Street Journal)

London-based blockchain analytics company Elliptic raised $120M led by One Peak Partners at a $670M valuation; the platform screens 1B+ transactions per week (Anna Irrera/Bloomberg)