Techmeme
May 22, 2026, 1:15 AM

Top News

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.
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 …
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 …
Chloe Taylor / CNBC:
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 …
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:
Jem Aswad / Variety:
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 …
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 …
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.
Sergiu Gatlan / BleepingComputer:
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 …
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
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
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

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