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Techmeme

Activision shareholders reach a $250M settlement over allegations that Microsoft and Activision underpaid them during Microsoft's 2023 acquisition of Activision (Tom Hals/Reuters)

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How the global memory chip crunch, driven by AI demand, is hurting China's car industry, squeezing automakers already hit by a price war and razor-thin margins (Nikkei Asia)

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Memo: Yusuf Mehdi, a 35-year Microsoft veteran who has been its consumer chief marketing officer since 2023, will leave the company after the next fiscal year (Todd Bishop/GeekWire)

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Farther Finance, which is building an AI-enabled wealth management platform for financial advisors, raised a $150M Series D at a $1B+ post-money valuation (Ryan Lawler/Axios)

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Zero2IPO Research: Chinese AI startups raised $16.2B in Q1 2026, up 185% YoY, led by top AI labs including Moonshot, Z.ai, and MiniMax (Karen Tian/South China Morning Post)

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Microsoft veteran executive Yusuf Mehdi is leaving after the next fiscal year, an internal memo shows (Ashley Stewart/Business Insider)

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Sources: DeepSeek execs told potential investors in its ongoing $10B round that it will prioritize groundbreaking AI research over short-term commercialization (Lulu Yilun Chen/Bloomberg)

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Italian police dismantle a piracy network that streamed paid content from Netflix and others via an app called Cinemagoal with annual subscriptions of €40-€130 (Ana-Maria Stanciuc/The Next Web)

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Republican House Oversight Committee Chairman James Comer says he requested information from Kalshi and Polymarket on their efforts to prevent insider trading (Justin Papp/CNBC)

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Driverless car startup Bliq.ai says it has received approval for fully driverless road operations in Estonia, the first authorization of its kind in the EU (Cate Lawrence/Tech.eu)

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Sources and documents detail Satya Nadella's effort to revamp Microsoft's senior leadership, creating a startup-style operating model to compete in the AI race (Ashley Stewart/Business Insider)

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US and Canadian authorities arrest 23-year-old Jacob Butler, known online as "Dort", for allegedly operating the Kimwolf DDoS botnet, which infected ~2M devices (Sergiu Gatlan/BleepingComputer)

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Meta releases Forum, a Reddit-like standalone app for Facebook Groups, with a feed showing Group conversations and an AI-powered "Ask" feature, on iOS (Mariella Moon/Engadget)

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Internal Binance reports and sources reveal Iran moved billions through Binance to fund entities like the IRGC, with some transactions as recent as this month (Wall Street Journal)

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AMD CEO Lisa Su projects the CPU market will grow over 35% annually through 2031, up from 3% to 4% historically, driven by AI inference and agentic AI demand (Cheng Ting-Fang/Nikkei Asia)

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Lenovo reports Q4 revenue up 27% YoY to $21.6B, above $18.7B est., net profit up 479% to $521M, above $271M est., as the PC maker pushes into AI server markets (Reuters)

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Sources: Nintendo asked partners and suppliers to assemble ~20M Switch 2 consoles by March 2027, ~20% above the 16.5M public sales outlook issued in early May (Takashi Mochizuki/Bloomberg)

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Meta, Broadcom, Applied Materials, GlobalFoundries, and Synopsys launch a $125M "Semiconductor Hub" at UCLA to advance AI chip research and more (CJ Haddad/CNBC)

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Sources: David Sacks told President Trump that federal reviews of AI models before release would slow down innovation and hurt the US in its AI race with China (Politico)

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Sources: last-minute calls with Elon Musk, Mark Zuckerberg, David Sacks, and others helped persuade President Trump not to sign the highly anticipated AI EO (Washington Post)

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Sources: Trump delayed signing the AI EO because "he just hates regulation"; there were questions about the EO giving the Treasury Department a leading role (Axios)

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Socket: TeamPCP, the gang claiming GitHub's repositories breach, also executed 20 "waves" of supply chain attacks recently, compromising 500+ pieces of software (Wired)

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Shares of quantum computing companies surged Thursday after the US government announced grants with equity stakes: D-Wave closed up 33%, Rigetti 30%, IBM 12% (Chloe Taylor/CNBC)

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Sources: Sony's Bungie plans significant layoffs as it ends development on its online game Destiny 2 with no new projects lined up; Destiny 2 launched in 2017 (Jason Schreier/Bloomberg)

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Waymo suspends freeway rides and pauses its Atlanta operations, as it updates software to improve performance around construction zones and flooded roadways (Reuters)

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Adobe, Canva, and CapCut announce Gemini integrations to let users access the companies' image and video editing tools within the Gemini app (James Peckham/PCMag)

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ElevenLabs, which aims to build an all-in-one AI voice app, licensed 200K human-voiced audiobooks from major publishers, available in ElevenReader for $11/mo. (Ashley Carman/Bloomberg)

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Source: Cursor reached $3B in annualized revenue in late April and now has 3,000+ customers paying at least $100K each for its software on an annualized basis (Rachel Metz/Bloomberg)

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Spotify closes up 13% after announcing new features and 2030 guidance, forecasting a compound annual growth rate in the mid-teens and gross margins of 35%-40% (Samantha Subin/CNBC)

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Zoom reports Q1 revenue up 5.5% YoY to $1.24B, vs. $1.22B est., AI Companion paid users up 184%, forecasts FY 2027 revenue above est.; ZM jumps 8%+ after hours (Brody Ford/Bloomberg)

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Take-Two reports Q4 bookings flat YoY at $1.58B, forecasts FY 2027 bookings below est., reiterates GTA VI's November 19 launch date; TTWO jumps 6%+ after hours (Zaheer Kachwala/Reuters)

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Workday reports Q1 revenue up 13% YoY to $2.54B vs. $2.52B est., and lifts its full-year forecast, saying its AI strategy is working; WDAY jumps 9%+ after hours (Jordan Novet/CNBC)

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Texas AG Ken Paxton sues Meta, accusing WhatsApp of marketing its services as secure but failing to "deliver on those promises" by accessing encrypted messages (Ryan Autullo/Bloomberg Law)

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Meta joins TikTok, Snap, and YouTube in settling with a Kentucky school district to avoid a trial over claims the platforms were designed to addict kids (Erin Mulvaney/Wall Street Journal)

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Sources: Starbucks shut down an AI program for automating inventory counts, nine months after deploying it, after it frequently miscounted and mislabeled items (Waylon Cunningham/Reuters)

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Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference, raised a $355M Series C at a $4.65B valuation, up from $1.1B in 2025 (Deepa Seetharaman/Reuters)

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Gavin Newsom signs an EO mandating state agencies work with the AI industry and others to study subsidies for companies that don't replace workers with AI (Cecilia Kang/New York Times)

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Sources: OpenAI generated ~$5.7B in revenue in Q1, ~$1B more than Anthropic; its adjusted operating income margin was -122%, and ChatGPT user growth stalled (Sri Muppidi/The Information)

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Sources: the EU will propose temporarily lifting sanctions, imposed in April, on a major Chinese semiconductor supplier after automakers warned of shortages (Alberto Nardelli/Bloomberg)

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August Robotics, which makes autonomous robots for construction and industrial applications, raised $30M led by Big Pi Ventures (Kyt Dotson/SiliconANGLE)

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Apple plans to broadcast an MLS game on Saturday shot entirely on 15 iPhone 17 Pros, the first major live sports event to be captured using only smartphones (Todd Spangler/Variety)

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Source: smart ring maker Oura filed confidentially for a US IPO, set for later in 2026; SF- and Finland-based Oura had an $11B valuation in September 2025 (Mark Gurman/Bloomberg)

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Spotify and UMG plan to let Premium users create AI covers and remixes using music from participating UMG artists as a paid add-on, without giving a launch date (Jem Aswad/Variety)

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London Mayor Sadiq Khan blocks the Met police's £50M Palantir deal to automate intelligence analysis, citing a "clear and serious breach" of procurement rules (Robert Booth/The Guardian)

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Spotify partners with Live Nation to launch Reserved, a new feature that sets aside tickets for the most dedicated fans, starting with Premium users in the US (Ethan Millman/The Hollywood Reporter)

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Spotify says it has 1M+ subscriptions to Audiobook+, which is on track for $100M in ARR, and unveils an ElevenLabs-powered audiobook self-publishing tool (Ivan Mehta/TechCrunch)

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Spotify Labs launches Studio, a NotebookLM-like desktop app to generate private, AI-powered podcasts, in research preview across 20+ markets (Ivan Mehta/TechCrunch)

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Crypto exchange Blockchain.com confidentially files for a US IPO; the UK-based company founded in 2011 was once valued at $14B (Logan Hitchcock/Decrypt)

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The White House postpones a planned Thursday ceremony for Trump to sign a new EO on AI and cybersecurity; Trump says "I didn't like certain aspects of it" (Ashley Gold/Axios)

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Federal records: Grok was utilized in only 3 of 400+ publicly identified federal AI use cases in 2025, behind 234 for ChatGPT, 33 for Gemini, 26 for Claude (Reuters)

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