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Russia's Sberbank says it hopes to use Chinese chips to power its flagship GigaChat AI model, as sanctions continue to block the country's access to hardware (Reuters)

Sam Altman says OpenAI offered to invest $2M in tokens in each startup in the current YC batch; a source says the offer is in exchange for equity via a SAFE (Jemima McEvoy/The Information)

Document and sources: China banned Nvidia's RTX 5090D V2 chip, aimed at gamers and animators, while Jensen Huang was visiting China with Donald Trump last week (Financial Times)

GitHub confirms ~3,800 internal repositories were breached after one of its employees installed a malicious VS Code extension; TeamPCP claims responsibility (Sergiu Gatlan/BleepingComputer)

An analysis based on OpenAI's and Anthropic's current valuations suggests ~$370B of philanthropic assets tied to the two AI companies could soon become liquid (Nan Ransohoff/Nan's Substack)

Q&A with Harvey CEO Winston Weinberg on launching the legal AI startup in 2022, how AI could shake up law firm business models, legal AI competition, and more (George Hammond/Financial Times)

Two research papers describe how Google's Co-Scientist and nonprofit FutureHouse's AI tools can succeed at drug-retargeting tasks by forming hypotheses (John Timmer/Ars Technica)

Three precedent-setting court rulings in China have said that employers replacing workers with AI is voluntary cost-cutting that does not justify mass layoffs (Catie Edmondson/New York Times)

Sources: Nvidia's business development group, not its VC arm NVentures, has led much of its ~$90B dealmaking push across 145+ companies over the past 16 months (Financial Times)

Sources: an attack exploiting a previously unknown vulnerability in Huawei router software caused a three-hour nationwide telecoms outage in Luxembourg in 2025 (Alexander Martin/The Record)

Vietnam introduces Decree 142 to implement its AI law, requiring companies to classify AI models by risk level, label deepfakes, and disclose chatbot use (Lien Hoang/Nikkei Asia)

Filing and sources: PE firm Hg has spun out €500M worth of assets from its €19B software group Visma, whose London IPO remains shelved amid the "SaaSpocalypse" (Alexandra Heal/Financial Times)

SkyeChip becomes the first Malaysian chip design company to IPO on the Bursa Malaysia exchange, surging 300%+; the company was valued at ~$397M at its IPO price (Nikkei Asia)

Alibaba's T-Head unveils the Zhenwu M890 AI chip for training and inference, saying it is particularly suited for agentic tasks, and plans annual upgrades (Luz Ding/Bloomberg)

Singapore announces a National AI Partnership with Google and an MoU with OpenAI, which will set up an AI lab and commit $234M+ to the city-state's AI ecosystem (Dylan Butts/CNBC)

Samsung Electronics rejects a labor union-accepted mediation proposal, raising the prospect of a workers' strike; a general work stoppage will proceed on May 21 (Bloomberg)

Berlin-based bunch, an AI-native platform for managers and institutional investors to manage the entire fund lifecycle, raised a €30.1M Series B led by Portage (Rahul Raj/EU-Startups)

GitHub says it's investigating "unauthorized access" to its internal repositories, and there's no proof of customer data outside its repositories being impacted (@github)

Q&A with Google SVP James Manyika on AI's ability to automate tasks versus occupations, his optimism about the labor market despite AI-driven layoffs, and more (Casey Newton/Platformer)

Sources: a draft White House EO would create a "voluntary framework" for AI companies to give government agencies early access to models before public release (Ashley Gold/Axios)

The Take It Down Act, a law requiring social networks to remove nonconsensual intimate images within 48 hours of reporting or face fines, took effect on May 19 (Lauren Feiner/The Verge)

Gemini 3.5 Flash costs $1.50 per 1M input tokens and $9 per 1M output tokens, 3x the price of Gemini 3 Flash Preview and 6x the price of Gemini 3.1 Flash-Lite (Simon Willison/Simon Willison's Weblog)

Boston-based CircuitHub, which manufactures circuit boards based on customers' requirements, raised a $28M Series A led by Plural (Natalie Breymeyer/Axios)

Google unveils Continue On, a new feature in Android 17 that will let users move tasks between Android devices, similar to Apple's Handoff feature (Ben Schoon/9to5Google)

Google updates Project Genie, its interactive world builder, with Street View integration, and expands access to the tool to AI Ultra subscribers globally (Jessica Conditt/Engadget)

Trump signs an EO calling on regulators and the Fed to review policies that could support fintech growth, including expanding fintech access to payment accounts (Reuters)

On-demand manufacturing startup SendCutSend raised $110M co-led by Sequoia, Paradigm, and Stripe co-founders Patrick and John Collison, valuing it at $1B (Kate Clark/Wall Street Journal)

Google announces updates to Flow and Flow Music: Gemini Omni support, mobile apps, the ability to create custom tools like a video resizer or shaders, and more (Macy Meyer/CNET)

Discord says voice and video calls outside of stage channels are now end-to-end encrypted by default, after launching its encryption protocol in September 2024 (Jess Kinghorn/PC Gamer)

Google debuts Gemini for Science, a set of experimental tools that help researchers generate hypotheses, conduct testing, and understand scientific literature (Jackson Chen/Engadget)

Sources detail growing concerns inside SoftBank over Masayoshi Son's $60B+ bet on OpenAI, which some fear concentrates too much capital into a single company (Bloomberg)

Sources: Zyphra, which trains and runs inference for its open-weight models on AMD hardware, is raising a $500M Series B at a valuation of at least $5B (Anna Tong/Forbes)

Threat actors published 600+ malicious versions to npm as part of the Shai-Hulud supply chain campaign; most of the affected packages are in the @antv ecosystem (Bill Toulas/BleepingComputer)

Sources: SpaceX expects to proceed with its acquisition of Cursor 30 days after its public trading debut, which is expected to occur on June 12 (Bloomberg)

Roblox authorizes its first share buyback program, aiming to repurchase up to $3B of its stock, including $1B over the next year; RBLX is down ~45% YTD (Cecilia D'Anastasio/Bloomberg)

Analog Devices agrees to buy Empower Semiconductor, which makes chips used to regulate voltage, for $1.5B in cash (Katherine Hamilton/Wall Street Journal)

Google adds a conversational search feature to YouTube and rolls out the new Gemini Omni model in YouTube Shorts Remix and the Create app (Sanuj Bhatia/Android Central)

OpenAI introduces Guaranteed Capacity, a new offering that lets customers guarantee access to OpenAI's compute through one- to three-year commitments (OpenAI)

Meta begins laying off 8,000 employees, or 10% of staff, in a push to become an AI-first company; another 7,000 workers will be reassigned to AI initiatives (New York Times)

Minnesota Gov. Tim Walz has signed the nation's first law banning prediction market sites from operating in the state; the CFTC has sued Minnesota in response (Bobby Allyn/NPR)

Sources: Google DeepMind has reached a ~$100M deal to hire 20+ researchers from Contextual AI, including CEO Douwe Kiela, and license its technology (Bloomberg)

Google unveils Pics, an AI image editor in Workspace that lets users edit specific elements and modify text, rolling out this summer to AI Pro and Ultra users (Mat Smith/Engadget)

Ocean, which uses AI agents to detect email attacks, raised a $20M Series A led by Lightspeed, following an $8M seed in 2024 (Meir Orbach/CTech)

Sundar Pichai announced at Google I/O that Gemini 3.5 Pro will launch next month; attendees groaned at the model coming out later than they expected (Charles Rollet/Business Insider)

Hands-on with Google and Samsung's Android XR smart glasses from Warby Parker and Gentle Monster, and with XReal's Project Aura, all set to arrive this fall (Wired)

Google unveils Universal Cart, a shopping assistant that works "across merchants", built on the Universal Commerce Protocol, rolling out in the US today (Aisha Malik/TechCrunch)

At a hearing, two of three judges of a federal appeals court appeared skeptical of Anthropic's bid to block the DOD from designating it a supply-chain risk (Jen Judson/Bloomberg)

Demis Hassabis says companies looking to replace developers with AI may be due to a "lack of imagination and a lack of understanding" of the future (Will Knight/Wired)

Google's web-based AI Studio now lets users build native Android apps; Google says the apps are for personal use only for now and publishing is on the roadmap (Sarah Perez/TechCrunch)

Google introduces Antigravity 2.0, featuring an updated desktop app that lets users orchestrate multiple agents, alongside an Antigravity CLI tool and SDK (Ivan Mehta/TechCrunch)