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Sources: Manus' co-founders are in talks to raise $1B+ to buy back the Chinese-founded startup, after Beijing ordered Meta to unwind its $2B Manus acquisition (Bloomberg)

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AMD pledges to invest $10B+ in Taiwan's chip industry to make advanced chip packaging for AI, and says TSMC will ramp up production of its next-gen Venice chips (Sherry Qin/Wall Street Journal)

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Arizona State University study: waste heat from Phoenix-area data centers raised downwind neighborhoods' air temperatures by up to 4°F above upwind temperatures (Tech Xplore)

Paris-based Pivot, which develops AI tools for procurement and financial workflows, raised a $40M Series B co-led by Forestay Capital and Notion Capital (Tamara Djurickovic/Tech.eu)

Bengaluru-based Scapia, which offers travel-focused co-branded credit cards and an app, raised $63M led by GC, a source says at a $500M+ post-money valuation (Jagmeet Singh/TechCrunch)

X resolved a three-year dispute with Australia's eSafety regulator after a court upheld a fine against the company for inadequate disclosures on combating CSAM (Byron Kaye/Reuters)

Commure, which offers AI, revenue cycle management, and workflow automation tools for healthcare providers, raised $70M led by GC at a $7B post-money valuation (Paige Minemyer/Fierce Healthcare)

Ofcom says Meta, Snap, and Roblox will adopt stronger anti-grooming measures, while TikTok and YouTube "failed to commit to any significant changes" (Ofcom)

AMD says its Mac Mini-sized Ryzen AI Halo PC starts at $3,999 with Ryzen AI Max 300 chips, for pre-order in June, and unveils AI Max 400 chips, available in Q3 (Devindra Hardawar/Engadget)

Cohere releases Command A+, a sparse MoE open model built for agentic tasks, with 218B total and 25B active parameters, its first under the Apache 2.0 license (Carl Franzen/VentureBeat)

Jensen Huang said that Nvidia has "largely conceded" China's AI chip market to Huawei and should "expect nothing" regarding chip sale approvals to China (Lee Ying Shan/CNBC)

Filing: SpaceX set aside $530M for potential litigation losses, including lawsuits involving Grok's "Spicy" mode, which it described as a "heightened risk" (Wired)

SpaceX S-1: Starlink had 10.3M subscribers in Q1 2026, a 105% increase YoY; SpaceX's "Connectivity" business, which is primarily Starlink, made $11.3B in 2025 (Michael Kan/PCMag)

Sources: the Pentagon is launching a task force to study how to safely deploy leading AI tools with hacking capabilities across Cyber Command and NSA missions (Politico)

SpaceX S-1: xAI plans to buy another $2.8B worth of turbines for its data centers, including a $2B deal for mobile gas turbines, the type NAACP is suing it for (Tim De Chant/TechCrunch)

SpaceX S-1: xAI had a $6.4B operating loss on $3.2B in revenue in 2025; Grok and X had 550M MAUs combined as of March 2026, and 117M used Grok's AI features (Rebecca Bellan/TechCrunch)

SpaceX S-1: Anthropic is paying SpaceX $1.25B/mo. until May 2029 under their compute deal; Anthropic says it's expanding the deal to include Colossus 2 capacity (Ina Fried/Axios)

Filing: SpaceX reports 2025 revenue of $18.7B, up 33% YoY, a $4.9B loss, vs. a $791M profit in 2024, and $20.7B in capital expenditures, up from $11.2B (New York Times)

Nvidia reports Q1 net income up 211% YoY to $58.3B, beating analyst estimates of $42.9B, and raises Q2 revenue forecast to $91B (Robbie Whelan/Wall Street Journal)

In disclosures to investors, Anthropic says it expects to generate $10.9B in revenue in Q2, vs. $4.8B in Q1, and turn a $559M operating profit, its first ever (Berber Jin/Wall Street Journal)

SpaceX files publicly for its IPO, choosing Nasdaq to make its debut under the symbol SPCX; Elon Musk's shares give him 85.1% of the voting power in the company (Bloomberg)

Nvidia reports Q1 revenue up 85% YoY to $81.62B, vs. $78.86B est., Data Center revenue up 92% to $75.2B, and announces an $80B share repurchase program (Nvidia Newsroom)

OpenAI says an internal general-purpose reasoning model has disproved the Erdős unit distance conjecture, a central problem in discrete geometry posed in 1946 (OpenAI)

Granta and the Commonwealth Foundation say they can't determine yet if AI was used to write a prize-winning short story after critics pointed to signs of AI use (The Guardian)

Google says it is testing new ad formats in search results and AI Mode, including Conversational Discovery ads, Highlighted Answers, and AI-powered Shopping ads (Anu Adegbola/Search Engine Land)

Airbnb says it is adding luggage storage, airport pickups, car rentals, grocery delivery, and thousands of boutique and independent hotels to its platform (Jacob Passy/Wall Street Journal)

Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plans to be ready to go public as early as September (Wall Street Journal)

Ubisoft reports a record operating loss of $1.40B for the year to March and says sales in 2026-27 will fall by about 8% to 9%; UBI closes down 6.58% (Reuters)

Internal memo: Xbox hires game industry analyst Matthew Ball as chief strategy officer, and names Scott Van Vliet, who led Azure AI infrastructure, as Xbox CTO (Tom Warren/The Verge)

Internal memo: Mark Zuckerberg told employees that he does not expect more company-wide layoffs this year (Katie Paul/Reuters)

An interview with Match Group CEO Spencer Rascoff about plans for Tinder, including a redesign, AI features, live events, and group dating to win over Gen Z (Samantha Kelly/Bloomberg)

OpenAI's Chris Lehane says he is pursuing "reverse federalism", lobbying blue states to pass AI safety laws and create a de facto US standard, as DC dithers (Brendan Bordelon/Politico)

Stability AI releases a new family of audio models called Stable Audio 3.0 that is trained on licensed data; the top model can generate six-minute songs (Ivan Mehta/TechCrunch)

NanoClaw creator NanoCo raised a $12M seed led by Valley Capital and says it is booking enterprise customers; co-founders say they rejected a $20M buyout offer (Julie Bort/TechCrunch)

Variational, which has built a protocol for decentralized derivatives trading aimed at gathering liquidity from traditional markets, raised a $50M Series A (Jack Kubinec/Fortune)

Samsung Electronics and its South Korean labor union reach a preliminary pay deal; the union says it has suspended a general strike and put the deal to a vote (Reuters)

Mercury, which provides banking services to startups, raised a $200M Series D led by TCV at a $5.2B valuation, up from $3.5B in March 2025 (Hugh Son/CNBC)

Socket, which helps companies safeguard open-source code against hackers, raised $60M led by Thrive Capital at a $1B valuation (Dina Bass/Bloomberg)

Apple says the App Store prevented over $2.2B in potentially fraudulent transactions in 2025, rejected over 2M problematic app submissions, and more (Ryan Christoffel/9to5Mac)

Exa, which offers a search engine that is designed for AI agents, raised $250M led by a16z at a $2.2B valuation, up from $700M in September 2025 (Bloomberg)

Internal memo: Intuit is laying off ~17% of its workforce, or ~3,000 employees worldwide, to streamline operations and sharpen its focus on key bets, like AI (Reuters)

Owl & Co. report: the podcast industry generated $9.2B in sales globally in 2025, up 23% YoY, with 73% of the growth in the US coming from video-related revenue (Bloomberg)

Circle cofounder Sean Neville's Catena Labs, which lets users set financial guardrails for AI agents, raised a $30M Series A and applies for a US bank charter (Ben Weiss/Fortune)

Prelude, which helps companies with digital onboarding, raised a $20M Series A led by podcaster Harry Stebbings' 20VC, bringing its total funding to $27M (John Reynolds/Tech.eu)

Cloud provider Railway says Google Cloud suspended its account without cause, resulting in an outage; in 2024, GCP deleted an Australian pension fund's account (The Register)

S. "Soma" Somasegar, who led Microsoft's Developer Division for 12 years as part of his 27-year tenure at the company before leaving in 2015, has died at age 59 (Todd Bishop/GeekWire)

London-based Primer, which helps e-commerce merchants connect and manage multiple payment providers, raised a $100M Series C led by Sofina (Damisola Sulaiman/Sifted)

Kickstarter retracts its stricter rules on mature content after creator backlash, and says it adopted the tougher rules because of its payment processor Stripe (Mariella Moon/Engadget)

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)