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Internal memo: Xbox hires game industry analyst Matthew Ball as chief strategy officer, and names Scott Van Vliet, who led Azure AI infrastructure, as Xbox CTO (Tom Warren/The Verge)
Ubisoft reports a record operating loss of $1.40B for the year to March and says sales in 2026-27 would fall by about 8% to 9%; UBI falls 6%+ (Reuters)
Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plans to be ready to go public as early as September (Wall Street Journal)
OpenAI introduces Guaranteed Capacity, a new offering that lets customers guarantee access to OpenAI's compute through one- to three-year commitments (OpenAI)
Google adds a conversational search feature to YouTube and rolls out the new Gemini Omni model in YouTube Shorts Remix and the Create app (Sanuj Bhatia/Android Central)
Analog Devices agrees to buy Empower Semiconductor, which makes chips used to regulate voltage, for $1.5B in cash (Katherine Hamilton/Wall Street Journal)
Roblox authorizes its first share buyback program, aiming to repurchase up to $3B of its stock, including $1B over the next year; RBLX is down ~45% YTD (Cecilia D'Anastasio/Bloomberg)
Sources: SpaceX expects to proceed with its acquisition of Cursor 30 days after its public trading debut, which is expected to occur on June 12 (Bloomberg)
Threat actors published 600+ malicious versions to npm as part of the Shai-Hulud supply chain campaign; most of the affected packages are in the @antv ecosystem (Bill Toulas/BleepingComputer)
Sources: Zyphra, which trains and runs inference for its open-weight models on AMD hardware, is raising a $500M Series B at a valuation of at least $5B (Anna Tong/Forbes)
Sources detail growing concerns inside SoftBank over Masayoshi Son's $60B+ bet on OpenAI, which some fear concentrates too much capital into a single company (Bloomberg)
Google debuts Gemini for Science, a set of experimental tools that help researchers generate hypotheses, conduct testing, and understand scientific literature (Jackson Chen/Engadget)
Discord says voice and video calls outside of stage channels are now end-to-end encrypted by default, after launching its encryption protocol in September 2024 (Jess Kinghorn/PC Gamer)
Google announces updates to Flow and Flow Music: Gemini Omni support, mobile apps, the ability to create custom tools like a video resizer or shaders, and more (Macy Meyer/CNET)
On-demand manufacturing startup SendCutSend raised $110M co-led by Sequoia, Paradigm, and Stripe co-founders Patrick and John Collison, valuing it at $1B (Kate Clark/Wall Street Journal)
Trump signs an EO calling on regulators and the Fed to review policies that could support fintech growth, including expanding fintech access to payment accounts (Reuters)
Google updates Project Genie, its interactive world builder, with Street View integration, and expands access to the tool to AI Ultra subscribers globally (Jessica Conditt/Engadget)
Google unveils Continue On, a new feature in Android 17 that will let users move tasks between Android devices, similar to Apple's Handoff feature (Ben Schoon/9to5Google)
Sources: AI chip designer Tenstorrent has drawn early takeover interest from Intel and Qualcomm; Tenstorrent could be valued at $5B+ in a potential deal (Bloomberg)
Internal memo: Meta is reassigning 7,000 workers to four new units focused on building AI tools, as it prepares to lay off 10% of its workforce on May 20 (Eli Tan/New York Times)

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