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Nvidia stock jumps 4.3% to close at a record for the first time since Oct., pushing Nvidia's market cap past $5T, as a rally in Intel pushed chipmakers higher (Jordan Novet/CNBC)
The Wire by Acutus, an AI-generated site with articles attacking AI industry critics, appears to be funded by the OpenAI-backed super PAC Leading The Future (@themidasproj)
Series, founded by two seniors at Yale to build an AI-powered social network on iMessage, raised a $5.1M pre-seed from Reddit CEO Steve Huffman and others (Dominic-Madori Davis/TechCrunch)
Sources: the WH pushed out the head of the Center for AI Standards and Innovation, Collin Burns, a former Anthropic researcher, after just four days on the job (Ian Duncan/Washington Post)
Brazil's Finance Minister Dario Durigan says the country has blocked prediction market platforms and tightened derivatives rules to curb "bet-like" products (Reuters)
Thrive is taking a stake in the San Francisco Giants via a new venture that will invest in franchises and cultural institutions that can't be replicated by AI (Kate Clark/Wall Street Journal)
Diplomatic cable: US State Department has ordered a global push to bring attention to alleged distillation of US models by Chinese labs, including DeepSeek (Raphael Satter/Reuters)
The US CFTC sues New York, accusing the state of invading its authority to regulate prediction markets by filing lawsuits against Coinbase and Gemini (Jonathan Stempel/Reuters)
A US judge dismisses Elon Musk's fraud claims in his lawsuit against OpenAI at his request, and plans to proceed to trial on other claims (Jonathan Stempel/Reuters)
Europe's dependence on US companies in tech and finance is in no small part its own fault after overregulation left European businesses too weak to compete (The Economist)
Instacart co-founder Apoorva Mehta launches Abundance, a hedge fund that aims to have AI agents run the entire fund, with $100M in seed funding (Hema Parmar/Bloomberg)
Lawmakers and lobbyists say the Trump administration has lobbied against legislation that would regulate AI in at least six Republican-led states (Amrith Ramkumar/Wall Street Journal)
Anthropic details Project Deal, a marketplace experiment where Claude models bought, sold, and negotiated personal belongings on behalf of Anthropic employees (Anthropic)
SpaceX's S-1 excerpts list "manufacturing our own GPUs" among the "substantial capital expenditures" it is undertaking, with the size of the expenditure TBD (Reuters)
Sensor Tower: India's mobile app IAP revenue crossed $300M in Q1, up 33% YoY, with non-gaming apps generating $200M+, much of it captured by global platforms (Jagmeet Singh/TechCrunch)
TSMC SVP Kevin Zhang says the company plans to open an advanced chip packaging plant in Arizona by 2029 and that construction has begun (Reuters)
Tencent releases Hy3-preview, its first AI model developed under former OpenAI researcher Yao Shunyu; the model features 295B parameters, down from HY2's 400B (Vincent Chow/South China Morning Post)
Sources: Bain Capital seeks to sell a stake of 40%+ in Bridge Data Centres in a deal that would value the Singapore-based data infrastructure builder at $5B (Reuters)
Sources: DeepSeek is fundraising to keep its researchers, some of whom have left for rivals whose valuations have soared; it is targeting a $20B valuation (Zijing Wu/Financial Times)
Filing: Netflix plans a $25B share buyback, adding to a Dec. 2024 program that still has $6.8B for purchases; NFLX is down 13% since its Q1 earnings on April 16 (Amy Thomson/Bloomberg)

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