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May 8, 2026, 10:50 AM
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Top News

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  —  Nintendo will hike the retail price of the Switch 2 after forecasting a decline in sales for its flagship console as the memory chip crunch hits the Japanese gaming giant.
Brian Krebs / Krebs on Security:
Instructure disables its Canvas edtech platform, used by thousands of schools, universities, and companies, 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 …
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  —  When Anthropic unveiled its new Mythos model in April, it also delivered a stern warning to anyone developing software.
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
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  —  French cybercrime authorities have escalated an investigation of Elon Musk and his social network X to a criminal probe, the Paris prosecutor's office said Thursday.
Ignacio Gonzalez / Bloomberg:
Cloudflare reports Q1 revenue up 34% YoY to $639.8M and plans to cut 1,100+ jobs globally as it architects its company “for the agentic AI era”; NET drops 15%+  —  Cloudflare Inc. plans to cut more than 1,100 jobs globally as it accelerates its shift to an agentic AI-first operating model.
Isabelle Lee / Bloomberg:
Block reports Q1 revenue up 5% YoY to $6.1B, vs. $5.9B est., a $309M net loss, and raises its 2026 gross profit forecast to $12.3B, above $12.1B est.  —  Block Inc. offered a sunnier outlook for profits and growth on Thursday after orchestrating a severe round of job cuts related …
Mark Gurman / Bloomberg:
Sources: Apple has reached advanced testing of its AirPods with cameras, which will feed data to Siri to help answer questions, rather than take photos or video  —  Apple Inc. has reached the late stages of development for new AirPods with built-in cameras, a significant milestone …
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”  —  The capabilities of the new models have sparked an urgent debate in Silicon Valley and the White House about how to keep them out of the hands of bad actors.
Lily Ford / The Hollywood Reporter:
Substack says paid subscriptions to creators in the UK, its second-largest market, hit 500K+; global paid subs hit 5M+, with 50+ creators earning $1M+ annually  —  Charli XCX and Jamie Oliver are among the high-profile Brits currently using Substack, as the platform reveals exclusive new data …
Jonathan Vanian / CNBC:
Nvidia and data center operator IREN announce a deal to deploy up to 5 GW of AI infrastructure; Nvidia has the right to invest $2.1B into IREN; IREN jumps 5%+  —  IREN shares surged in extended-trading on Thursday before giving back nearly all of the gains after the data center operator announced …
Costas Mourselas / Financial Times:NEW
Investor letter: TCI, one of the world's biggest hedge funds, cut almost all of its $8B stake in Microsoft, citing AI-related risks to Office and Azure  —  TCI has cut its position in tech giant from 10% to 1%  —  Sir Christopher Hohn's hedge fund TCI has dumped almost all of its $8bn stake …
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Brandon Gomez / CNBC:
Whoop plans to offer on-demand video consultations with licensed clinicians for US users, and adds electronic health records and AI-powered health guidance  —  Wearable fitness tracker Whoop announced on Friday it will introduce in-app access to on-demand licensed clinicians for users in the United States.

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Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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Newest

Costas Mourselas / Financial Times:
Investor letter: TCI, one of the world's biggest hedge funds, cut almost all of its $8B stake in Microsoft, citing AI-related risks to Office and AzureFind
10 minutes ago
Brandon Gomez / CNBC:
Whoop plans to offer on-demand video consultations with licensed clinicians for US users, and adds electronic health records and AI-powered health guidanceFind
25 minutes ago
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 2022Find
1½ hours ago
The Information:
Sources: DeepSeek seeks to raise ~$7.3B in its first-ever funding round at a $50B+ valuation, with CEO Liang Wenfeng making a personal investment of ~$2.9BFind
2½ hours ago
Reuters:
European Central Bank President Christine Lagarde expressed skepticism over the need for euro-pegged stablecoins, saying they could hamper the ECB's workFind
3 hours ago
Lily Ford / The Hollywood Reporter:
Substack says paid subscriptions to creators in the UK, its second-largest market, hit 500K+; global paid subs hit 5M+, with 50+ creators earning $1M+ annuallyFind
3 hours ago
Jordan Fitzgerald / Bloomberg:
Filing: Lime files for an IPO, reporting 2025 revenue of $886.7M, up from $686.6M YoY, and a net loss of $59.3M, up from $33.9M; it was valued at $510M in 2020Find
3 hours ago
Full Time-Sorted List

From Mediagazer

Wall Street Journal:
Source: Rupert Murdoch warned Trump at a dinner in February that if streamers gained rights to more games, including NFL games, it would kill broadcast networks

Todd Spangler / Variety:
Sony Pictures reports FY 2025 revenue flat YoY to $9.9B; Sony Music reports FY 2025 sales up 15% YoY to $13.46B, and operating income up 25% to a record $2.85B

Tim Page / New York Times:
Manuela Hoelterhoff, who won a 1983 Pulitzer for arts criticism at the WSJ and later wrote a book about the backstage world of opera, died on Wednesday at 77

More News

Bloomberg:
MercadoLibre reports Q1 revenue up 49% YoY to $8.8B, vs. $8.4B est., and net income down 16% to $417M, vs. $433M est.; MELI drops 5%+

Earlier Picks

Anissa Gardizy / The Information:
Sources: OpenAI and Broadcom discuss terms for Broadcom to finance initial custom chip production for ~$18B, conditioned on Microsoft buying ~40% of the chips
Pieter Haeck / Politico:
EU legislators reach a deal to postpone restrictions on high-risk AI until December 2027 and to exempt the use of AI in industrial applications from the AI Act
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
Jess Weatherbed / The Verge:
OpenAI launches Trusted Contact, an optional safety feature for ChatGPT that lets adult users assign an emergency contact for mental health and safety concerns
RT Watson / The Block:
AWS unveils Amazon Bedrock AgentCore Payments and partners with Coinbase and Stripe to enable AI agents to execute transactions using stablecoins
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