| Wall Street Journal: |
The US Commerce Department plans to award $2B in grants to nine quantum computing companies and will take equity stakes; IBM is set to get $1B of the package — Trump administration hopes to spur ‘a new era of American innovation,’ Commerce's Lutnick says — WASHINGTON—The Trump administration … | Jem Aswad / Variety: |
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 — Spotify and Universal Music Group have announced a major recorded-music and music-publishing licensing agreements … | Ethan Millman / The Hollywood Reporter: |
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 — The streaming service will use streams and shares to determine an artist's most dedicated fans and set aside pairs of tickets … | Ivan Mehta / TechCrunch: |
Spotify Labs launches Studio, a NotebookLM-like desktop app to generate private, AI-powered podcasts, in research preview across 20+ markets — One of the common features for companies to build in the age of AI is to connect services like email, calendar, documents, and notes to create a daily brief in text or audio format.| Ashley Gold / Axios: |
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” — The White House has cancelled its planned ceremony for President Trump to sign a new executive order on AI and cybersecurity, per a note seen by Axios.| Sergiu Gatlan / BleepingComputer: |
GitHub links the breach of 3,800 internal repositories to the TanStack npm supply-chain attack, saying hackers used a malicious Nx Console VS Code extension — GitHub says the hackers who breached 3,800 internal repositories gained access via a malicious version of the Nx Console VS Code extension … | Sri Muppidi / The Information: |
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 — OpenAI generated about $5.7 billion in revenue in the first quarter, nearly $1 billion more than archrival Anthropic generated in the same period … | Sean O'Kane / TechCrunch: |
Waymo suspends operations in Atlanta and San Antonio as its robotaxis struggle with flooded roads and says it has yet to develop a “final remedy” for flooding — Waymo has now paused service in two cities because its robotaxis are struggling to deal with heavy rain and flooded roads … | Robert Booth / The Guardian: |
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 — Exclusive: Scotland Yard criticises London mayor's decision as disappointing and warns it could hit policing| Logan Hitchcock / Decrypt: |
Crypto exchange Blockchain.com confidentially files for a US IPO; the UK-based company founded in 2011 was once valued at $14B — Long-running crypto exchange Blockchain.com has confidentially filed to take its business public via the U.S. markets. — In brief| Mark Tyson / Tom's Hardware: |
Flipper unveils the Flipper One, a pocketable open Arm Linux computer with similar performance to a Raspberry Pi 5, and welcomes feedback to get it market-ready — But the devs admit there's still a lot of work to be done to get the Flipper One market-ready, and they are looking for contributors.| Todd Spangler / Variety: |
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 — Apple has frequently touted the use of professional-grade iPhones by filmmakers to make shorts, commercials and even feature-length movies.| Steven Lee Myers / New York Times: |
Bluesky and Clemson University researchers detail a novel Russian influence campaign that hijacked influential Bluesky accounts to spread pro-Kremlin propaganda — The company said it was fighting Russian efforts to hijack real users' accounts to post fake content, an apparently novel tactic.| Waylon Cunningham / Reuters: |
Sources: Starbucks shut down an AI program for automating inventory counts, nine months after deploying it, after it frequently miscounted and mislabeled items — Starbucks (SBUX.O) terminated an AI program workers used for automating certain inventory counts this week … | Erin Mulvaney / Wall Street Journal: |
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 — Meta, TikTok, Snap and YouTube reached deal to avoid first of more than 1,200 consolidated lawsuits by school districts| Ofcom: |
| Cecilia Kang / New York Times: |
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 — Gov. Gavin Newsom issued an executive order to explore an overhaul of labor policies to deal with potential mass job displacement from artificial intelligence.| Bloomberg: |
Analysis: Samsung is set to distribute ~$26.6B to its 78,000 chip employees, or a ~$340K bonus to each, in early 2027 as part of a last-minute labor union deal — Samsung Electronics Co. could distribute about 40 trillion won ($26.6 billion) to chip employees as a bonus for this year … | CNBC: |
Jeff Bezos dismisses AI job fears, defends billionaires against “vilification”, proposes eliminating income taxes for low earners, and praises President Trump — VIDEO 54:38 — Watch CNBC's full interview with Amazon founder Jeff Bezos — Ultrabillionaire Jeff Bezos … | Jordan Novet / CNBC: |
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 — Workday shares surged as much as 14% in extended trading on Thursday after the finance and human resources software maker reported results … | Mark Gurman / Bloomberg: |
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 — Smart Ring Maker Oura Files Confidentially for IPO — Video Player is loading. — Unmute — Current Time 0:00 Loaded: 0.00% Playback Rate| Deepa Seetharaman / Reuters: |
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 — AI startup Modal raised $355 million in a new round of financing, valuing the company at $4.65 billion, CEO Erik Bernhardsson told Reuters.| Samantha Subin / CNBC: |
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% — Spotify shares jumped 15% on Thursday after the music streaming platform laid out guidance for 2030 and reached an artificial intelligence deal … | Sherry Qin / Wall Street Journal: |
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 — The company is investing more to meet growing demand for artificial-intelligence infrastructure| Rachel Metz / Bloomberg: |
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 — Cursor's annualized revenue hit $3 billion in late April, according to a person familiar with the matter, indicating growing demand … | Ryan Autullo / Bloomberg Law: |
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 — WhatsApp is able to access user's encrypted messages, Texas said in a lawsuit that accuses Meta founder Mark Zuckerberg … | Zaheer Kachwala / Reuters: |
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 — Take-Two Interactive (TTWO.O) forecast annual bookings below Wall Street expectations on Thursday, but reiterated …
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