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May 22, 2026, 9:40 AM
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memeorandum
WeSmirchTop News
| Chloe Taylor / CNBC: |
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% — Quantum computing shares popped on Thursday, as the U.S. government said it would award $2 billion in grants to nine firms operating in the space.
More: Wall Street Journal, NIST, IBM, Unchained, Denver Post, Tech Times, ITPro, New York Times, Yahoo Finance, Barron's Online, Blockonomi, Benzinga, Verdict, Seoul Economic Daily, Watcher Guru, Bitcoinist.com, iTnews, MarketWatch, Nextgov/FCW, The American Bazaar, Reuters, Bloomberg, Business Insider, and Barron's Online
| Axios: |
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 — Everything seemed set for a photo op of tech and AI CEOs who would surround President Trump Thursday as he signed …
More: Wall Street Journal, Semafor, Crypto Briefing, and NBC News
| Washington Post: |
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 — Industry leaders warned in last-minute calls to the president that the proposed safety vetting system could inhibit development of the pivotal technology.| Ashley Gold / Axios: |
More: New York Times, Associated Press, CyberScoop, The Guardian, Washington Post, Fortune, Benzinga, CNBC, Reuters, Politico, Politico, Crypto Briefing, South China Morning Post, Semafor, The Information, The Hill, Bloomberg Law, International Business Times, Bloomberg, The Daily Signal, Reuters, ABA Banking Journal, MediaPost, CBS News, Newser, Quartz, Financial Times, Breitbart, The Economic Times, and TechCrunch
X: @alexeheath, @repyvetteclarke, @gailcweiner, @tedlieu, @miles_brundage, @hadas_gold, @tonyromm, @govpressoffice, and @dareasmunhoz
Bluesky: @campuscodi.risky.biz, @ericjgeller.com, @ericjgeller.com, and @ruoshuiresearch
| Jason Schreier / Bloomberg: |
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 — The Sony subsidiary will focus on ‘Marathon’ rather than jumping directly to ‘Destiny 3’ — Sony Group Corp.'s Bungie unit …
More: 9to5Mac, GamesIndustry.biz, Game Developer, Forbes, The Verge, AppleInsider, Forbes, IGN, Kotaku, Push Square, 80 Level, Neowin, Pure Xbox, KitGuru, TheGamer, Dexerto, Rock, Paper, Shotgun, TheSixthAxis, Tech Times, Gameranx, Press Start, PC Gamer, Polygon.com, Video Games Chronicle, Tech4Gamers, DayOne, The Game Post, Kotaku, Daring Fireball, Digital Trends, Blue's News, Game Informer, PlayStation LifeStyle, and Comic Book
X: @airbagg3d, @paultassi, @danfriedman81, @genki_jpn, @grummz, @gothalion, @dreamboum, @paultassi, @manabyte, @itshecticc, and @paultassi. LinkedIn: Jason Schreier
Bluesky: @knoebel and @itscodes.codyshipman.com
Forums: r/gaming, r/videogames, r/destiny2, r/TwoBestFriendsPlay, and r/kindafunny
| Samantha Subin / CNBC: |
Spotify closed up 13% on Thursday after announcing new features and 2030 guidance, forecasting a compound annual growth rate in the mid-teens — Spotify shares jumped 15% on Thursday after the music streaming platform laid out guidance for 2030 and reached an artificial intelligence deal …
More: Spotify, The Verge, MediaNama, The Tab, Tech Times, Mumbrella, Crypto Briefing, The Mac Observer, BMI, Mediaweek, The Guardian, Decrypt, Dexerto, Billboard, TechCrunch, The Next Web, Digital Music News, Hypebot, RGM, Baller Alert, Rolling Stone, WeRSM, Sherwood News, The A.V. Club, Barrett Media, Financial Times, The Hollywood Reporter, and Spotify
| Ivan Mehta / TechCrunch: |
| Ethan Millman / The Hollywood Reporter: |
More: Spotify, Hypebot, Digital Music News, TODAY.com, Digital Trends, Dexerto, Consequence, Tom's Guide, NBC News, How-To Geek, iPhone in Canada, KTFT, NBC Bay Area, Variety, The Verge, and Wall Street Journal
X: @hellmania and @hellmania
LinkedIn: Tommaso Rossi, Dave Sandford, Jon Ostrow, and Marel Pitter. Bluesky: @paleofuture. Mastodon: @carnage4life@mas.to
Forums: Hacker News, r/indieheads, r/popheads, and Slashdot
| Sergiu Gatlan / BleepingComputer: |
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 — U.S. and Canadian authorities arrested and charged a Canadian man with operating the KimWolf distributed denial-of-service …
More: US Department of Justice, Krebs on Security, Help Net Security, SecurityWeek, and CyberScoop. LinkedIn: Phil Fuster
| 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 … | 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 — Take-Two Interactive (TTWO.O) forecast annual bookings below Wall Street expectations on Thursday, but reiterated the November 19 launch date for the highly awaited … | Brody Ford / Bloomberg: |
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 15%+ — Zoom Communications Inc. projected stronger-than-anticipated sales growth, suggesting that customers are adopting its expanded suite of office products.| Lulu Yilun Chen / Bloomberg: |
Sources: DeepSeek execs told potential investors in its ongoing $10B round that it will prioritize groundbreaking AI research over short-term commercialization — DeepSeek's senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup …
More: The Information, CnEVPost, Implicator.ai, The Next Web, and Tech in Asia. Forums: r/LocalLLaMA
| Wall Street Journal: |
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 — Transactions on world's largest crypto exchange took place despite repeated red flags; Binance says it has ‘zero-tolerance for illicit activity’
More: Benzinga, Engadget, Crypto Briefing, Bitcoin Insider, CoinGape, and crypto.news
| Reuters: |
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 — Lenovo Group (0992.HK) reported a better-than-expected 27% jump in quarterly revenue on Friday, as strong consumer demand …
More: Lenovo, Benzinga, Thurrott, CNBC, Bloomberg, Yahoo Finance, The Next Web, and Dow Jones Newswires
| Takashi Mochizuki / Bloomberg: |
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 — Nintendo Co. has asked partners and suppliers to assemble about 20 million Switch 2 consoles in the year through March …
More: Video Games Chronicle, Nintendo Life, GoNintendo, and Tech in Asia
Forums: r/nintendo and r/Games
| James Peckham / PCMag: |
Adobe, Canva, and CapCut announce Gemini integrations to let users access the companies' image and video editing tools within the Gemini app — Adobe, Canva, and CapCut all plan to connect to Gemini in the near future. Each aims to bring their editing capabilities directly to where people are making creative decisions with AI.
More: WinBuzzer, Tom's Guide, Business Standard, Trusted Reviews, Moneycontrol, and Android Authority. X: @capcutapp
| Wired: |
Socket: TeamPCP, the gang claiming GitHub's repositories breach, also executed 20 “waves” of supply chain attacks recently, compromising 500+ pieces of software — GitHub is just the latest victim of TeamPCP, a gang that has carried out a spree of software supply chain attacks that has impacted hundreds of organizations.| Justin Papp / CNBC: |
Republican House Oversight Committee Chairman James Comer says he requested information from Kalshi and Polymarket on their efforts to prevent insider trading — Rep. James Comer, R-Ky., chair of the House Oversight and Government Reform Committee, announced Friday on CNBC's “Squawk Box” …
More: The Block, Barron's Online, CoinDesk, India Today, Crypto Briefing, Newsweek, and Inc42
Bluesky: @cyclingennui and @owillis
| Ashley Stewart / Business Insider: |
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 — CEO Satya Nadella just dismantled the senior leadership structure that has run Microsoft for decades.
More: Fortune
| 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%+ — Workday shares surged as much as 14% in extended trading on Thursday after the finance and human resources software maker reported results … | 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.
More: Governor of California, Fortune, Silicon Valley Business …, Politico, The Hill, Bloomberg, Seoul Economic Daily, DigiTimes, SiliconANGLE, SFist, SFGATE, Crypto Briefing, The Deep View, Mashable, Bloomberg Law, CalMatters, StateScoop, Washington Examiner, Newser, and San Francisco Examiner
X: @cagovernor and @tomsteyer
Bluesky: @brucedlittle and @sylviachi
Forums: r/UpliftingNews, r/technology, and r/politics
| 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 … | Cate Lawrence / Tech.eu: |
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 — The authorisation is the first of its kind in the EU, allowing its remotely supervised autonomous vehicles to operate on public roads without a driver behind the wheel.| Ashley Stewart / Business Insider: |
Memo: Yusuf Mehdi, a 35-year Microsoft veteran who has been its commercial chief marketing officer since 2023, will leave the company after the next fiscal year — Yusuf Mehdi, a 35-year Microsoft veteran who has been its commercial chief marketing officer since 2023, will leave the company …
More: Business Today, The Verge, and GeekWire
| Karen Tian / South China Morning Post: |
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 — Funding for China's artificial-intelligence-related start-ups jumped nearly threefold year on year in the first quarter, as investors poured capital … Sponsor Posts
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