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Khosla-backed robotics startup Genesis AI unveils GENE-26.5, its first model, which can control robotic hands that it designed in-house to do tasks like cooking (Anna Heim/TechCrunch)

Anna Heim / TechCrunch: Khosla-backed robotics startup Genesis AI unveils GENE-26.5, its first model, which can control robotic hands that it designed in-house to do tasks like cooking — Genesis AI, a

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Kraken parent Payward agrees to buy Hong Kong-based Reap, which connects financial systems with digital assets, for 600M, and issues stock at a 20B valuation (Crystal Tse/Bloomberg)

Crystal Tse / Bloomberg: Kraken parent Payward agrees to buy Hong Kong-based Reap, which connects financial systems with digital assets, for 600M, and issues stock at a 20B valuation — The owner of cr

Lyft reports Q1 revenue up 14% YoY to 1.65B, vs. 1.63B est., gross bookings up 19% to 4.95B, vs. 4.91B est., and rides up 8.5% to 236.9M, vs. 241.2M est. (Kelly Cloonan/Wall Street Journal)

Kelly Cloonan / Wall Street Journal: Lyft reports Q1 revenue up 14% YoY to 1.65B, vs. 1.63B est., gross bookings up 19% to 4.95B, vs. 4.91B est., and rides up 8.5% to 236.9M, vs. 241.2M est. — The com

Meta challenges Ofcom in UK High Court over the Online Safety Act, which calculates levies based on global, not UK, revenue, in a case scheduled for October (Sam Tobin/Reuters)

Sam Tobin / Reuters: Meta challenges Ofcom in UK High Court over the Online Safety Act, which calculates levies based on global, not UK, revenue, in a case scheduled for October — Facebook and Instagr

Hardware

Moonshot, the Chinese AI startup behind Kimi chatbot, raised ~2B at a 20B+ valuation led by Meituan's venture arm; Moonshot's ARR topped $200M in April 2026 (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg: Moonshot, the Chinese AI startup behind Kimi chatbot, raised ~2B at a 20B+ valuation led by Meituan's venture arm; Moonshot's ARR topped 200M in April 2026 — Moonshot AI has

hardwaretechmeme

Agents

Nova Intelligence, which is building agentic AI for SAP ahead of a 2030 migration, raised a 31.5M Series A led by Chemistry, taking its total funding to 40M+ (Lily Mae Lazarus/Fortune)

Lily Mae Lazarus / Fortune: Nova Intelligence, which is building agentic AI for SAP ahead of a 2030 migration, raised a 31.5M Series A led by Chemistry, taking its total funding to 40M+ — An estimated

agentstechmeme

Hardware

Nvidia and data center operator IREN announce a deal to deploy up to 5 GW of AI infrastructure; Nvidia can invest $2.1B into IREN; IREN jumps 9%+ after hours (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Nvidia and data center operator IREN announce a deal to deploy up to 5 GW of AI infrastructure; Nvidia can invest $2.1B into IREN; IREN jumps 9%+ after hours — IREN shares surg

hardwaretechmeme

Researchers: 5,000+ web apps built using AI coding tools like Lovable, Base44, and Replit have little to no authentication, and ~40% exposed sensitive data (Andy Greenberg/Wired)

Andy Greenberg / Wired: Researchers: 5,000+ web apps built using AI coding tools like Lovable, Base44, and Replit have little to no authentication, and ~40% exposed sensitive data — Companies like Lov

Sources: AirPods with cameras reached an advanced testing stage; the cameras will feed data to Siri to help answer questions, rather than take photos or video (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Sources: AirPods with cameras reached an advanced testing stage; the cameras will feed data to Siri to help answer questions, rather than take photos or video — Apple Inc. has

Sources: OpenAI and Broadcom discuss terms for Broadcom to finance initial custom chip production for ~$18B, conditioned on Microsoft buying ~40% of the chips (Anissa Gardizy/The Information)

Anissa Gardizy / The Information: Sources: OpenAI and Broadcom discuss terms for Broadcom to finance initial custom chip production for ~$18B, conditioned on Microsoft buying ~40% of the chips — When

Sources: Ramp told investors it is raising 750M co-led by Iconiq Capital and GIC at a valuation of 40B+ before the investment, up from $32B in November 2025 (Kate Clark/Wall Street Journal)

Kate Clark / Wall Street Journal: Sources: Ramp told investors it is raising 750M co-led by Iconiq Capital and GIC at a valuation of 40B+ before the investment, up from $32B in November 2025 — The fin

Spotify launches Save to Spotify, a command-line tool that allows AI agents to upload AI-generated audio summaries and personal podcasts to a user's account (Terrence O'Brien/The Verge)

Terrence O'Brien / The Verge: Spotify launches Save to Spotify, a command-line tool that allows AI agents to upload AI-generated audio summaries and personal podcasts to a user's account — A new comma

Tessera Labs, which uses AI agents to automate enterprise IT migrations and ERP transformations, raised a 60M Series A led by a16z at a 320M valuation (Anna Tong/Forbes)

Anna Tong / Forbes: Tessera Labs, which uses AI agents to automate enterprise IT migrations and ERP transformations, raised a 60M Series A led by a16z at a 320M valuation — Kabir Nagrecha is tackling

While Anthropic will use the Colossus 1 data center, which has a really bad environmental record, xAI retains the larger Colossus 2 for its own AI training (Simon Willison/Simon Willison's Weblog)

Simon Willison / Simon Willison's Weblog: While Anthropic will use the Colossus 1 data center, which has a really bad environmental record, xAI retains the larger Colossus 2 for its own AI training —

A US appeals court strikes down a 2023 FCC rule banning broadband access discrimination based on income, race, and more; Chair Brendan Carr welcomes the ruling (Jon Brodkin/Ars Technica)

Jon Brodkin / Ars Technica: A US appeals court strikes down a 2023 FCC rule banning broadband access discrimination based on income, race, and more; Chair Brendan Carr welcomes the ruling — An appeals

Anthropic researchers detail 'model spec midtraining', which adds a stage between pretraining and fine-tuning to improve generalization from alignment training (Anthropic)

Anthropic: Anthropic researchers detail “model spec midtraining”, which adds a stage between pretraining and fine-tuning to improve generalization from alignment training — Sara Price2, Samuel Marks2,

Anthropic says it signed a deal with SpaceX to use 'all of the compute capacity' at Colossus 1, giving it access to over 300 MW of new capacity within the month (Axios)

Axios: Anthropic says it signed a deal with SpaceX to use “all of the compute capacity” at Colossus 1, giving it access to over 300 MW of new capacity within the month — Anthropic said Wednesday it ha

Arm reports Q4 revenue up 20% YoY to 1.5B, says AGI CPU demand will drive 2B in sales in 2027 and 2028, over 2x its prior guidance; ARM jumps 11%+ after hours (Michael Acton/Financial Times)

Michael Acton / Financial Times: Arm reports Q4 revenue up 20% YoY to 1.5B, says AGI CPU demand will drive 2B in sales in 2027 and 2028, over 2x its prior guidance; ARM jumps 11%+ after hours — SoftBa

Hardware

Bengaluru-based Pronto, an on-demand home-help service, raised a 20M Series B extension from Lachy Groom at a 200M valuation, up from $100M in March (Jagmeet Singh/TechCrunch)

Jagmeet Singh / TechCrunch: Bengaluru-based Pronto, an on-demand home-help service, raised a 20M Series B extension from Lachy Groom at a 200M valuation, up from $100M in March — Lachy Groom, one of S

hardwaretechmeme

Bristol Myers Squibb's Massachusetts facility boosted drug production volume for clinical and commercial use by ~40% with AI, a bright spot in US manufacturing (Farah Stockman/New York Times)

Farah Stockman / New York Times: Bristol Myers Squibb's Massachusetts facility boosted drug production volume for clinical and commercial use by ~40% with AI, a bright spot in US manufacturing — A Bri

Corgi, which provides insurance for startups and uses AI to generate quotes, manage claims, and more, raised a 160M Series B led by TCV at a 1.3B valuation (Richard Nieva/Forbes)

Richard Nieva / Forbes: Corgi, which provides insurance for startups and uses AI to generate quotes, manage claims, and more, raised a 160M Series B led by TCV at a 1.3B valuation — Named after the co

DoorDash reports Q1 revenue up 33% YoY to 4.04B, vs. 4.14B est., and forecasts Q2 marketplace gross order value above estimates; DASH jumps 11%+ after hours (Koyena Das/Reuters)

Koyena Das / Reuters: DoorDash reports Q1 revenue up 33% YoY to 4.04B, vs. 4.14B est., and forecasts Q2 marketplace gross order value above estimates; DASH jumps 11%+ after hours — DoorDash (DASH.O) o

FanDuel CEO Amy Howe departs after five years, succeeded by President Christian Genetski, as parent company Flutter reports MAUs fell 3% YoY to 14.4M in Q1 2026 (Christopher Kuo/Wall Street Journal)

Christopher Kuo / Wall Street Journal: FanDuel CEO Amy Howe departs after five years, succeeded by President Christian Genetski, as parent company Flutter reports MAUs fell 3% YoY to 14.4M in Q1 2026

Filing: Meta asks a judge to overturn the jury's verdict in the Los Angeles social media addiction trial or order a new trial, citing Section 230 protections (Diana Novak Jones/Reuters)

Diana Novak Jones / Reuters: Filing: Meta asks a judge to overturn the jury's verdict in the Los Angeles social media addiction trial or order a new trial, citing Section 230 protections — Meta Platfo

Following its SpaceX deal, Anthropic doubles Claude Code's five-hour rate limits for paid plans and removes peak hours limit reduction for Pro and Max plans (Anthropic)

Anthropic: Following its SpaceX deal, Anthropic doubles Claude Code's five-hour rate limits for paid plans and removes peak hours limit reduction for Pro and Max plans — We've agreed to a partnership

Germany-based eleQtron, which develops trapped-ion quantum computing processors using proprietary tech, raised a €57M Series A led by Schwarz Digits (Tamara Djurickovic/Tech.eu)

Tamara Djurickovic / Tech.eu: Germany-based eleQtron, which develops trapped-ion quantum computing processors using proprietary tech, raised a €57M Series A led by Schwarz Digits — With new funding, e

Google Chrome silently installs a ~4GB Gemini Nano model on desktop devices; Google says it has been offered since 2024 and users can remove it via settings (Ben Schoon/9to5Google)

Ben Schoon / 9to5Google: Google Chrome silently installs a ~4GB Gemini Nano model on desktop devices; Google says it has been offered since 2024 and users can remove it via settings — The ongoing marc

Agents

Google has quietly shut down Project Mariner, its Chrome-browsing AI agent for completing tasks on users' behalf, after highlighting it onstage at I/O 2025 (Max Zeff/@zeffmax)

Max Zeff / @zeffmax: Google has quietly shut down Project Mariner, its Chrome-browsing AI agent for completing tasks on users' behalf, after highlighting it onstage at I/O 2025 — NEW: Google quietly s

agentstechmeme

Google releases Multi-Token Prediction drafters for its Gemma 4 models, which use a form of speculative decoding to guess future tokens for faster inference (Ryan Whitwam/Ars Technica)

Ryan Whitwam / Ars Technica: Google releases Multi-Token Prediction drafters for its Gemma 4 models, which use a form of speculative decoding to guess future tokens for faster inference — Google launc

Instacart reports Q1 revenue up 14% YoY to 1.02B, GTV up 13% to 10.29B, and orders up 10%, compared with a 16% growth a year earlier; CART drops 8.18% (Neil J Kanatt/Reuters)

Neil J Kanatt / Reuters: Instacart reports Q1 revenue up 14% YoY to 1.02B, GTV up 13% to 10.29B, and orders up 10%, compared with a 16% growth a year earlier; CART drops 8.18% — Instacart (CART.O) on

Musk v. Altman: Mira Murati testifies that Sam Altman lied to her about the safety standards for a new OpenAI model and that he made her work more difficult (Jay Peters/The Verge)

Jay Peters / The Verge: Musk v. Altman: Mira Murati testifies that Sam Altman lied to her about the safety standards for a new OpenAI model and that he made her work more difficult — OpenAI's former C

Musk v. Altman: Shivon Zilis testifies her relationship with Musk didn't influence her duties as an OpenAI board member; she left in 2023 after Musk started xAI (Carly Nairn/Courthouse News Service)

Carly Nairn / Courthouse News Service: Musk v. Altman: Shivon Zilis testifies her relationship with Musk didn't influence her duties as an OpenAI board member; she left in 2023 after Musk started xAI

Scale AI wins a 500M DOD contract through the Chief Digital and AI Office to help sift data and assist in decision-making, after receiving a 100M deal in 2025 (Jen Judson/Bloomberg)

Jen Judson / Bloomberg: Scale AI wins a 500M DOD contract through the Chief Digital and AI Office to help sift data and assist in decision-making, after receiving a 100M deal in 2025 — The Pentagon aw

Security camera companies are embracing AI to give customers detailed descriptions of surveillance footage that are often spot on but can also be wildly wrong (Scott Calvert/Wall Street Journal)

Scott Calvert / Wall Street Journal: Security camera companies are embracing AI to give customers detailed descriptions of surveillance footage that are often spot on but can also be wildly wrong — AI

Snap reports Q1 revenue up 12% YoY to 1.53B, in line with est., and says it ended its 400M Perplexity deal announced in November; SNAP drops 4%+ after hours (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Snap reports Q1 revenue up 12% YoY to 1.53B, in line with est., and says it ended its 400M Perplexity deal announced in November; SNAP drops 4%+ after hours — Snap shares dropp

Source: Alphabet is in talks with Blackstone, KKR, and EQT to give their portfolio companies AI model access, after OpenAI's and Anthropic's JVs with PE firms (The Information)

The Information: Source: Alphabet is in talks with Blackstone, KKR, and EQT to give their portfolio companies AI model access, after OpenAI's and Anthropic's JVs with PE firms — Private equity firms B

Sources: Blue Origin outlines a new employee stock plan to quell staff unrest and make its incentives more competitive with SpaceX (Rafe Rosner-Uddin/Financial Times)

Rafe Rosner-Uddin / Financial Times: Sources: Blue Origin outlines a new employee stock plan to quell staff unrest and make its incentives more competitive with SpaceX — Rocket maker hopes to quell em

Sources: Microsoft is considering delaying or dropping its 2030 goal of matching its hourly power use with renewable energy purchases, amid the data center boom (Bloomberg)

Bloomberg: Sources: Microsoft is considering delaying or dropping its 2030 goal of matching its hourly power use with renewable energy purchases, amid the data center boom — Microsoft Corp. may shelve

Sources: the US and China are considering recurring talks on the security risks posed by AI models, with Scott Bessent leading the American side (Lingling Wei/Wall Street Journal)

Lingling Wei / Wall Street Journal: Sources: the US and China are considering recurring talks on the security risks posed by AI models, with Scott Bessent leading the American side — Washington and Be

SpaceX signs an agreement with Anthropic to provide access to Colossus 1, and says Anthropic expressed interest in partnering for orbital compute capacity (xAI)

xAI: SpaceX signs an agreement with Anthropic to provide access to Colossus 1, and says Anthropic expressed interest in partnering for orbital compute capacity — SpaceXAI has signed an agreement with

Study: US schools with strict cellphone bans in class have not seen higher test scores on average so far, but students reported a greater sense of well-being (Dana Goldstein/New York Times)

Dana Goldstein / New York Times: Study: US schools with strict cellphone bans in class have not seen higher test scores on average so far, but students reported a greater sense of well-being — Cellpho

A US court sentences a Latvian national to 8.5 years for acting as a negotiator for Russia's Karakurt ransomware group (Sergiu Gatlan/BleepingComputer)

Sergiu Gatlan / BleepingComputer: A US court sentences a Latvian national to 8.5 years for acting as a negotiator for Russia's Karakurt ransomware group — A Latvian national extradited to the United S

AMD reports Q1 revenue up 38% YoY to 10.25B, vs. 9.89B est., Data Center revenue up 57% to $5.8B, forecasts Q2 revenue above est.; AMD jumps 7%+ after hours (Reuters)

Reuters: AMD reports Q1 revenue up 38% YoY to 10.25B, vs. 9.89B est., Data Center revenue up 57% to $5.8B, forecasts Q2 revenue above est.; AMD jumps 7%+ after hours — Advanced Micro Devices (AMD.O) f

Apple reaches a $250M settlement in a CA federal court to resolve a false advertising class action lawsuit over the launch of a 'personalized' Siri in 2024 (Michael Acton/Financial Times)

Michael Acton / Financial Times: Apple reaches a $250M settlement in a CA federal court to resolve a false advertising class action lawsuit over the launch of a “personalized” Siri in 2024 — iPhone bu

Astrocade, which lets users create video games using natural language prompts, raised $56M, including a Series A and a Series B, and says it has ~5M MAUs (Allie Garfinkle/Fortune)

Allie Garfinkle / Fortune: Astrocade, which lets users create video games using natural language prompts, raised $56M, including a Series A and a Series B, and says it has ~5M MAUs — I've been playing

Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying 'AI is changing how we work' (Reuters)

Reuters: Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying “AI is changing how we work” — Coinbase (COIN.O) said on Tues

Coupang reports Q1 revenue up 8% YoY to 8.5B and a net loss of 266M following a 2025 Korean customer data breach, its largest loss since Q4 2021 (The Korea Herald)

The Korea Herald: Coupang reports Q1 revenue up 8% YoY to 8.5B and a net loss of 266M following a 2025 Korean customer data breach, its largest loss since Q4 2021 — US-listed e-commerce giant Coupang

CRM software company Freshworks said it plans to cut 11% of its workforce, or ~500 jobs, as it deals with AI's impact; FRSH has dropped ~26% in 2026 (Anhata Rooprai/Reuters)

Anhata Rooprai / Reuters: CRM software company Freshworks said it plans to cut 11% of its workforce, or ~500 jobs, as it deals with AI's impact; FRSH has dropped ~26% in 2026 — Freshworks (FRSH.O) sai