Sources: Cohere, which has raised $1B+, was on pace to generate just $70M in revenue annually as of February 2025, after projecting ~$450M in revenue in 2024 (Jon Victor/The Information)
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Pinterest apologizes for a recent wave of mass account bans, saying "an internal error led to over-enforcement" (Sarah Perez/TechCrunch)
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Sources: under the Trump administration, the SEC continues investigating whether Coinbase misstated its user numbers by reporting 100M+ "verified users" in 2021 (New York Times)
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YouTube launches a weekly top podcast shows chart, tracking podcasts in the US and updated every Wednesday; The Joe Rogan Experience currently tops the chart (Zach Vallese/CNBC)
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Akido Labs, which makes AI assistants for doctors to improve patient treatment efficiency, raised a $60M Series B led by Oak HC/FT (Madeline Renbarger/Newcomer)
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Cognichip, which is building a physics-informed foundational AI model to develop new chips, emerges from stealth with a $33M seed led by Lux and Mayfield (Rebecca Szkutak/TechCrunch)
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Filing: CoreWeave secures a deal worth ~$4B to provide cloud computing capacity to OpenAI through 2029, in addition to a $12B deal announced before its IPO (Edward Ludlow/Bloomberg)
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Threads now lets creators add up to five links to their profile bios and rolls out analytics tools to track clicks on profile links and links shared in posts (Sarah Perez/TechCrunch)
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Pathos AI, which uses AI to develop oncology drugs, raised a $365M Series D at a $1.6B valuation, bringing its total funding to $467M, per PitchBook (Katherine Davis/Axios)
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Xiaomi CEO Lei Jun unveils the XringO1, the company's first self-developed advanced phone chip, set to launch later in May, without giving any further details (Reuters)
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Motorola Razr Ultra review: one of the best smartphone designs, great battery life, and useful outer screen, but useless AI button and durability concerns (Allison Johnson/The Verge)
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Sources: Chinese officials recently told some top local tech companies that the government will be more active in overseeing their AI data centers and AI chips (Qianer Liu/The Information)
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Roblox rolls out tools to let eligible creators sell physical items from their games via its Commerce APIs, working with Shopify as a first "integrated partner" (Jay Peters/The Verge)
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Apple rolls out CarPlay Ultra, the next-generation of CarPlay, in new and existing Aston Martins in North America after long delays, ahead of a wider rollout (Benjamin Mayo/9to5Mac)
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How the US conducted a monthslong campaign to push Gambia and at least four other developing nations to give Starlink licenses; diplomats call the move alarming (ProPublica)
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Hedra, which offers a web-based video generation and editing suite powered by its Character-3 model, raised a $32M Series A led by a16z, following a $10M seed (Ivan Mehta/TechCrunch)
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IFI Claims: Google passes IBM to lead in generative AI-related patent applications in the US; Google and Nvidia lead agentic AI patent filings globally (Ina Fried/Axios)
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Proofpoint agrees to acquire German company Hornetsecurity, which specializes in managed cloud-based email security services, for $1B, set to close in H2 2025 (Ryan Browne/CNBC)
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Apple adds red exclamation mark warnings on EU App Store listings for apps using third-party payment systems, not Apple's "private and secure payment system" (Jess Weatherbed/The Verge)
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Coinbase says hackers accessed customer data for a "small subset" of users, but not login credentials or passwords, and expects to incur $180M to $400M in costs (Niket Nishant/Reuters)
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Analysis: the US government canceled 1,400+ federal research grants worth $1B+, including many studying online misinformation, citing protection of 1A rights (Steven Lee Myers/New York Times)
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Analysis: Shein cut the average cost of 98 tracked products in the US by ~13% to $5.56 from a peak of $6.38 on May 7, and sent a price drop alert to US users (Bloomberg)
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Documents: Microsoft's recent layoffs of 6,000 workers hit software engineers in Washington state hardest, making up 40%+ of the ~2,000 positions cut there (Bloomberg)
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The EU provisionally finds that TikTok breached the DSA by failing to offer a publicly searchable ad library, potentially opening the platform up to a fine (Barbara Moens/Financial Times)
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Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 200%+ to ~$1.7B due to equity investment gains; BABA drops 5%+ (Bloomberg)
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