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Techmeme
May 8, 2026, 7:40 PM
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Top News

Wall Street Journal:
Sources: Apple and Intel have reached a formal deal in recent months for Intel to manufacture some chips for Apple devices; INTC closes up 13.93%  —  The iPhone maker and U.S. silicon giant will work together on chips for Apple devices.  The Trump administration pushed for the deal.
Bloomberg:
Nintendo says it will increase the price of the Switch 2 globally on September 1, from $450 to $500 in the US, and the price of the original Switch in Japan  —  Nintendo Co. said it will increase the price of its Switch 2 console to $500 from $450, acknowledging pressure on profitability …
Arjun Kharpal / CNBC:
Nintendo reports Q4 revenue of ~$2.60B, below ~$2.75B est., net profit of ~$416M, above ~$403.68M est., and forecasts a decline in FY 2027 Switch 2 unit sales
Brian Krebs / Krebs on Security:
Instructure says its Canvas edtech platform has been restored after disabling it amid a data extortion attack claimed by ShinyHunters  —  An ongoing data extortion attack targeting the widely-used education technology platform Canvas disrupted classes and coursework at school districts …
Associated Press:
A hack of Instructure's Canvas locked out students at schools and universities across the US in the middle of finals period; some US colleges postponed exams
Kai Nicol-Schwarz / CNBC:
Sony reports Q4 revenue up 8% YoY to ~$19.4B, above ~$18.4B est., ~$1.06B operating profit, below ~$1.7B est., and forecasts FY 2027 net profit up 13% to ~$7.4B  —  Japanese entertainment giant Sony on Friday said it expects annual profit to rise as revenue from some business segments …
Wesley Yin-Poole / IGN:
Sony reports a $765M impairment loss due to Marathon developer Bungie's underperformance during its FY ending March 31, 2026; Sony acquired Bungie in early 2022  —  Extracting value.  —  Sony has reported a $765 million impairment loss due to underperformance of Marathon developer Bungie during its last financial year.
Sam Nussey / Reuters:
Sony reports 1.5M PS5 unit sales in Q4, down 46% YoY, and forecasts annual sales at its gaming business to fall 6% YoY to ~$28B, amid a memory chip price surge
Alex Lekander / CyberInsider:
EU warns that VPNs are being used to bypass online age-verification systems, calling their use “a loophole in the legislation that needs closing”  —  The European Parliamentary Research Service (EPRS) has warned that virtual private networks (VPNs) are increasingly being used …
Reuters:
European Central Bank President Christine Lagarde expressed skepticism over the need for euro-pegged stablecoins, saying they could hamper the ECB's work  —  European Central Bank President Christine Lagarde expressed scepticism on Friday over the need for stablecoins pegged to the euro …
Bloomberg:
Sources: WH is preparing to order US agencies to partner with AI companies on cybersecurity; the EO wouldn't require pre-release model testing by the government  —  The Trump administration is preparing to order US agencies to partner with artificial intelligence companies to protect networks …
Bloomberg:
Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $125-$135 after drawing orders for more than 20x the number of shares available  —  Cerebras Systems Inc. is set to increase the price range of its initial public offering as soon as Monday …
Michael Kan / PCMag:
The FCC says foreign-made routers and drones can now receive software updates at least until 2029, extending its earlier 2027 cutoff  —  The FCC's bans on foreign-made Wi-Fi routers and drones initially included an expiration date on software updates, but the commission has now extended the cutoff from 2027 to 2029.
More: FCC
Nathan Lambert / Interconnects AI:
Impressions of China's AI ecosystem after visiting many leading AI labs there, and the similarities and differences in working on LLMs in China and the West  —  Lessons from my trip to talk to most of the leading AI labs in China. … Audio playback is not supported on your browser.  Please upgrade.
Financial Times:
Sources: Anthropic weighs raising up to $50B at a ~$900B pre-money valuation, likely closing within two months, as its annualized revenue is set to cross $45B  —  Start-up behind Claude tool is fielding inbound investment offers that could lead to it surpassing rival OpenAI in value
Bloomberg:
Sources: Isomorphic Labs, an AI-powered drug discovery company spun out of Google DeepMind, is in advanced talks to raise $2B+ led by Thrive Capital  —  Isomorphic Labs, an AI-powered drug discovery company spun out of Alphabet Inc.'s Google DeepMind, is in advanced discussions to raise …

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This is a Techmeme archive page. It shows how the site appeared at 7:40 PM ET, May 8, 2026.

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From Mediagazer

Joe Flint / Wall Street Journal:
Sources: David Ellison has asked CNN CEO Mark Thompson to stay on after the WBD acquisition closes; Thompson's current deal extends into 2027

Wall Street Journal:
Sources: Disney plans a TV restructuring that is expected to result in more layoffs and consolidation of divisions as it pivots from linear TV toward streaming

Charlotte Tobitt / Press Gazette:
The UK's Independent reports 2025 revenue up 4% YoY to £55.1M, of which £13.3M is from the US and Canada, and pre-tax profit up 9% YoY to £3.5M

More News

Olivia Solon / Bloomberg:
OnlyFans agrees to sell a ~16% stake to Architect Capital for $535M in a deal that values the company at about $3.15B

Earlier Picks

Wall Street Journal:
Sources: White House unease over Mythos has left some Trump officials and congressional aides fearful that it represents a reversal of its hands-off AI policy
Sam Sabin / Axios:
OpenAI rolls out GPT-5.5-Cyber, a security-focused GPT-5.5, in limited preview to vetted cybersecurity teams “responsible for securing critical infrastructure”
Zoe Tillman / Bloomberg:
A US judge blocks DOGE's termination of ~$100M in National Endowment for the Humanities grants, saying ChatGPT prompts used to decide the cuts were ill-defined
More: The Verge, Techdirt, UPI, and MS NOW
X: @reichlinmelnick.  Bluesky: @justinhendrix and @hotspurstudio.  Forums: r/fednews
Russell Brandom / TechCrunch:
Mozilla says Anthropic's Mythos Preview and other AI models helped it identify and ship 423 Firefox security bug fixes in April, compared to 31 a year earlier
Lora Kolodny / CNBC:
French prosecutors escalate an investigation into Elon Musk and X, focused on alleged algorithmic manipulation and sexual deepfakes, to a criminal probe
Ignacio Gonzalez / Bloomberg:
Cloudflare reports Q1 revenue up 34% YoY to $639.8M and plans to cut 1,100+ jobs as it architects its company “for the agentic AI era”; NET closes down 23.62%
Zac Hall / 9to5Mac:
OpenAI launches three voice models in the API: GPT-Realtime-2 with GPT-5-class reasoning, GPT-Realtime-Whisper for transcription, and GPT-Realtime-Translate
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