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May 22, 2026, 9:20 AM
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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.
Politico:
Sources: David Sacks told President Trump that federal reviews of AI models before release would slow down innovation and hurt the US in its AI race with China
More: Digit and UPI
X: @quinnypig.  Bluesky: @kenbazinet and @robertscotthorton.  Mastodon: @oatmeal@kolektiva.social
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”
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 …
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 …
Ivan Mehta / TechCrunch:
Spotify Labs launches Studio, a NotebookLM-like desktop app to generate private, AI-powered podcasts, in research preview across 20+ markets
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
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
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 …
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 8%+ after hours  —  Zoom Communications Inc. projected stronger-than-anticipated sales growth, suggesting that customers are adopting its expanded suite of office products.
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 …
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’
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.
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.
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 …
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.
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 …
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
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.

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From Mediagazer

Connor Hart / Wall Street Journal:
Hasbro launches Sixth Wall, an AI studio working with ElevenLabs and voice actors to create and license AI-native versions of its characters and franchises

Tyler Falk / Current:
NPR is overhauling its dues model so that fees are based on news stations' broadcast reach rather than donor revenues and projects dues will fall 15% to 18%

Amos Barshad / Columbia Journalism Review:
Some right-wing news influencers are using Meta's Ray-Ban sunglasses as a recording tool that unwilling subjects may not be aware of, leading to tension

More News

Reuters:
Waymo suspends freeway rides and pauses its Atlanta operations, as it updates software to improve performance around construction zones and flooded roadways

Earlier Picks

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
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
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
Reuters:
Federal records: Grok was utilized in only 3 of 400+ publicly identified federal AI use cases in 2025, behind 234 for ChatGPT, 33 for Gemini, 26 for Claude
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
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