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SEC filing: Quantinuum is seeking to raise $1.05B in its US IPO, marketing ~21M shares for $45 to $50 each, giving it a $12.7B valuation at the top of the range (Carmen Reinicke/Bloomberg)

Sources: SpaceX successfully pressured the Pentagon to raise Starlink fees for LUCAS kamikaze drones amid increasing tensions over Starlink's pricing (David Jeans/Reuters)

US law enforcement documents: the DHS, FBI, and other agencies introduce a novel domestic threat category termed "anti-tech violent extremism" amid the AI boom (Daniel Boguslaw/Wired)

Pony AI reports Q1 revenue up 145% YoY to ~$34.3M, above $21.7M est., and increases its 2026 robotaxi fleet target by 500 to 3,500 vehicles on fast growth (Linda Lew/Bloomberg)

Spotify co-CEO Alex Norström defends the company's expansion into AI-generated music, arguing that "controlled" products are superior to unregulated AI "slop" (Financial Times)

Xiaomi reports Q1 revenue down 11% YoY to ~$14.6B, its first quarterly decline in three years, and net income down 57% to $695M amid a global memory price jump (Bloomberg)

Sources: ByteDance is offering low-priced stock options linked to growth in its Seed AI division to staff of the unit, a first, to fend off poaching from rivals (Financial Times)

Sources: Chinese government agencies begin imposing overseas travel restrictions on individuals involved in advanced AI work, including at Alibaba and DeepSeek (Bloomberg)

Kelp DAO says its restaked Ether token has been restored after a five-week recovery effort following a $293M exploit by North Korea's Lazarus Group on April 18 (Brayden Lindrea/Cointelegraph)

A Samsung union representing its consumer electronics division says it asked a South Korean court to block a pay deal vote that mainly benefits chip workers (Reuters)

A surge in AI-generated "pro se" cases, or lawsuits filed by self-represented litigants, is democratizing the US legal system but consuming more court resources (New York Times)

Visually impaired Waymo users in California say riding in a Waymo gives them a feeling of independence and spares them from discrimination from human drivers (Sonia A. Rao/New York Times)

Massachusetts formally recognizes the App Drivers Union, which says it represents ~70,000 workers and is the first state-certified rideshare union in the US (Bryan Hecht/The Boston Globe)

The US FTC settles with Cox, MindSift, and 1010 Digital Works for $930K over claims they falsely said they could use phone mics to spy on users for ad targeting (Adi Robertson/The Verge)

X says it is cracking down on large accounts that have been gaming its revenue-sharing program by "programmatically reuploading content from smaller accounts" (Lakshmi Varanasi/Business Insider)

Iranian state media: President Masoud Pezeshkian issues an order to reopen international internet access, after a blackout lasting 87 days, per Netblocks (Reuters)

Handelsblatt: the EU plans to fine Google a high triple-digit million euro amount as part of a 2025 probe over concerns it favors its own services in Search (Reuters)

A look at the UK's AI Safety Institute, whose researchers probe AI models for safety gaps, as its work becomes a blueprint for other governments' AI policies (New York Times)

Study: the rate of fabricated references in biomedical papers has grown 12x+ since 2023; in early 2026, one in 277 papers had at least one non-existent citation (Tristan Bove/Fortune)

How Iranian threat actor Nimbus Manticore used techniques like AI-assisted malware development and SEO poisoning to target companies during the US-Iran war (Check Point Research)

SoftBank's shares jumped 4.6% to a record high on May 25, spurred by hopes of big returns from the company's stakes in OpenAI and SB Energy if they go public (Bloomberg)

Star Citizen, a video game in development since 2012, reaches $1B in lifetime funding; the game remains in alpha and does not have a confirmed release date (Jennifer Maas/Variety)

Tether plans to launch GELT, an "official" stablecoin representing the Georgian lari, with the support of Georgia's government in an unusual partnership (Reuters)

Sources: Wix is expected to cut ~1,000 jobs in the coming months, or ~20% of its workforce, after weak Q1 earnings and a ~50% collapse of its stock in 2026 (Sophie Shulman/CTech)

A section of the Pope's encyclical describing AI's unpredictability suggests influence from Anthropic, whose co-founder Christopher Olah attended the unveiling (Washington Post)

In his ~43,000-word encyclical, the Pope urged governments to slow down AI development and decried "new forms of slavery" in AI and tech supply chains (Joshua McElwee/Reuters)

More than 5,500 GitHub repositories were infected with malware in a supply chain attack, dubbed Megalodon, on May 18 that relies on automated commits (Ionut Arghire/SecurityWeek)

Pope Leo XIV presents Magnifica humanitas, his encyclical on AI, calling for AI regulation, protection for children against hypersexualized AI images, and more (New York Times)

Sources: Meta, Google, and Amazon execs met Vatican officials on April 29, as part of a quiet lobbying push ahead of Pope Leo XIV's first AI encyclical (Océane Herrero/Politico)

A growing number of execs are creating AI digital twins to manage tasks; Reid Hoffman says "Reid AI" has delivered 75+ addresses and presentations since 2024 (Joann S. Lublin/Wall Street Journal)

A look at Xiaomi's AI push to future-proof its hardware and EV ecosystem, as it recently committed ~$8.8B in AI investments over the next three years (Ben Jiang/South China Morning Post)

A profile of Meta CTO Andrew "Boz" Bosworth, a top lieutenant of Mark Zuckerberg who is leading the gargantuan effort to transform Meta into an AI-first company (Meghan Bobrowsky/Wall Street Journal)

A look at DeepSeek's model optimization to reduce HBM use, potentially enabling domestic memory, ASIC, and CPU makers to create a Chinese AI hardware ecosystem (@bookwormengr)

The UK, outpaced by the US and China in AI, is turning to experimental technologies like neuromorphic computing in search of computing sovereignty (Charles Clover/Financial Times)

Huawei says it aims to make 1.4nm chips by 2031 using its "LogicFolding" tech, which is based on its new Tau Scaling Law intended to bypass Moore's Law limits (Nikkei Asia)

Plenary Americas LP, La Caisse's infrastructure arm, agrees to acquire and take private Canadian database company ISC for $872M, expected to close in Q3 (Melissa Shin/Bloomberg)

Quartermaster, which is building an analytics platform and a SmartMast, with sensors on a ship's mast to relay real-time maritime data, raised a $43M Series A (Sean O'Kane/TechCrunch)

How the Trump admin gutted the CFTC, ousting enforcers and appointing industry-friendly officials, as Trump family got into crypto and prediction markets (New York Times)

Demand for security engineers is surging, with job postings up 11% YoY in Q1, driven by threats from AI-generated code and models like Mythos and GPT-5.4-Cyber (Kate Conger/New York Times)

Sources: Uber weighs a higher bid after it approached a major Delivery Hero shareholder with a €38-per-share bid, valuing the group at €11.5B+, but was rebuffed (Financial Times)

The ECB summons Eurozone banks to a meeting on Tuesday to discuss risks posed by the latest AI models and hopes US banks with Mythos access will share lessons (Martin Arnold/Financial Times)

A look at the scourge of smartphone thefts in London, as victims describe receiving texts threatening them into unlinking Apple IDs from stolen iPhones (New York Times)

A deep dive into Apple Watch and Health efforts; sources: iOS 27 to get a revamped AirPods control panel and default support for AirPlay rivals like Google Cast (Mark Gurman/Bloomberg)

How the AI boom is transforming global M&A, now dominated by the AI-driven race to control the world's energy, fiber networks, and computing capacity (Financial Times)

Tether buys out SoftBank's ~26% stake in bitcoin treasury company Twenty One Capital, taking Tether's stake to ~71%; SoftBank's stake was worth ~$679M (Emily Nicolle/Bloomberg)

Rising DRAM prices are driving "forced premiumization" in the smartphone market in India and Africa, as consumers in the sub-$200 segment risk being priced out (David Oks)

Moment, which develops AI tools for automating fixed-income and equities trading tech, raised a $78M Series C led by Index Ventures, with a16z participating (Paige Smith/Bloomberg)

Hands-on with a pre-release build of Google Docs Live, an AI-powered voice tool for drafting documents, rolling out this summer to AI Pro and Ultra subscribers (Nicole Nguyen/Wall Street Journal)

DeepSeek says it will lower V4 Pro API prices by 75% to $0.435/1M input and $0.87/1M output tokens, making permanent the discount prices set to expire on May 31 (Bloomberg)

Sources: Princeton Digital Group to sell its Chinese data center assets for as much as $1B, as global buyout firms retreat from China's data center market (Financial Times)