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Chinese lidar maker Hesai, a primary supplier for Nvidia's ADAS, announces EXT lidar, calling it the industry's first to integrate spatial and color detection (Reuters)
Autonomous vehicle startups raised a record $21.4B across 34 deals through April 15, up from $5.9B raised across 99 investments globally in all of 2025 (Mary Ann Azevedo/Crunchbase News)
Anthropic launches Claude Design, a new experimental product that lets users create visuals like prototypes, slides, one-pagers, and more using Claude (Aisha Malik/TechCrunch)
Sources: xAI plans to let Cursor train Composer 2.5 AI coding model using tens of thousands of xAI's GPUs, a new strategy for xAI in a competitive AI landscape (Grace Kay/Business Insider)
China's smartphone shipments declined 4% YoY in Q1 amid memory shortages; Huawei's shipments grew 2% YoY for a 20% market share, iPhone grew 20% for a 19% share (Ivan Lam/Counterpoint Research)
Netflix plans to launch a vertical video feed, to help with content discovery, this month, and plans to use AI for content creation and recommendations (Ivan Mehta/TechCrunch)
Ad buyers say ad rates for ChatGPT are falling from $60 CPM to as low as $25 and the minimum spend to advertise is down to $50K from $250K at launch (Krystal Scanlon/Digiday)
World expands its Tinder partnership and partners with Zoom and others to verify human users, as it continues its pivot from crypto to identity verification (Maxwell Zeff/Wired)
A profile of wealth manager Iconiq, which, sources say, has $100B AUM, with $26B specifically for VC investing; Iconiq invested $3B into AI startups in 2025 (Natasha Mascarenhas/Bloomberg)
Sources: Cursor is in advanced talks to raise about $2B co-led by a16z at a pre-money valuation of more than $50B, with Nvidia participating (Bloomberg)
In disclosures due to Broadcom CEO Hock Tan's presence on the Meta board, Meta says it paid Broadcom $2.3B in 2025; Tan is leaving the board (Martin Peers/The Information)
Figma stock closed down 6.84% on Friday after Anthropic launched Claude Design, a dedicated app powered by its latest model Claude Opus 4.7 (Jon Keegan/Sherwood News)
Sources: Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, laying off ~10% of its global workforce, or ~8,000 employees (Reuters)
Kevin Weil, OpenAI's former CPO who became VP of OpenAI for Science, is leaving the company; Prism, a web app for scientists launched in Jan., will be shuttered (Maxwell Zeff/Wired)
Cerebras files to go public on Nasdaq and reports $510M in 2025 revenue, up 76% YoY, with a net income of $87.9M, up from a $485M net loss in 2024 (Jordan Novet/CNBC)
Bill Peebles, the researcher behind Sora, is leaving OpenAI, along with Srinivas Narayanan, OpenAI's CTO of enterprise applications (Rebecca Bellan/TechCrunch)
A deep dive into Dwarkesh Patel's interview with Jensen Huang, including Huang's takes on Nvidia's moat and chip sales to China, and reactions to the interview (Zvi Mowshowitz/Don't Worry About the Vase)
The US DOJ says a judge sentenced two US citizens to a combined 16 years in prison for running laptop farms that let North Korean IT workers pose as US workers (Jowi Morales/Tom's Hardware)
Drift Protocol secures $147.5M in funding, including $127.5M from Tether, to replace Circle stablecoin with USDT after a $270M exploit linked to North Korea (Will Canny/CoinDesk)
Google's 2025 Ads Safety Report: Google blocked a record 8.3B ads, up 63% YoY, but suspended 36% fewer advertisers, attributing the disparity to its use of AI (Jagmeet Singh/TechCrunch)

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