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OpenAI says it is generating $2B in monthly revenue, with enterprise accounting for 40%+ of it, and is on track to reach parity with consumer by the end of 2026 (OpenAI)
Analysis: half of Asia's 10 most volatile stocks are recent AI IPOs, including China's Moore Threads and MiniMax, driven by thin institutional ownership (Jeanny Yu/Bloomberg)
An interview with Galen Buckwalter, a BCI recipient in a Caltech brain implant study, on his recent ability to use the implant to produce musical tones (Emily Mullin/Wired)
Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June (Aisha S Gani/Bloomberg)
Iranian media: Iran arrested 46 people allegedly in a network selling Starlink terminals and seized 139 terminals; there are an estimated 50K terminals in Iran (Bloomberg)
PrismML, which says its 1-bit LLM achieves radical compression without sacrificing performance, comes out of stealth with $16.25M in SAFE and seed funding (Steven Rosenbush/Wall Street Journal)
OpenAI closed a $122B funding round led by SoftBank, a16z, and others at an $852B post-money valuation, after previously announcing the round would total $110B (Ashley Capoot/CNBC)
OpenAI has tapped retail investors for the first time, raising $3B+ as part of its $122B round, through a trio of banks and ETFs managed by ARK Invest (George Hammond/Financial Times)
Microsoft stock plunged 23% in Q1, a steeper drop than any of its tech peers or the Nasdaq, and its steepest quarterly drop since the 2008 financial crisis (Jordan Novet/CNBC)
Yupp, which raised a $33M seed led by a16z crypto in 2024 for a crowdsourced AI model picker, shuts down, saying it didn't reach strong product-market fit (Julie Bort/TechCrunch)
Snap shares climbed 14% on Tuesday after activist investor Irenic suggested changes to boost the stock's value 7x, such as cutting staff by 21% and ending Specs (Lola Murti/CNBC)
Anthropic confirms it leaked parts of Claude Code's source code, saying the leak was "a release packaging issue caused by human error, not a security breach" (Ashley Capoot/CNBC)
Sequoia says Doug Leone is returning in a newly created role of chairman, after he announced his retirement in 2022 from his role as "senior steward" (Iain Martin/Forbes)
Austin-based Saronic, which builds military autonomous ships, raised a $1.75B Series D led by Kleiner Perkins at a $9.25B valuation, up from $4B in Feb. 2025 (Samantha Subin/CNBC)
Samsung launches Hearapy, a free Android app to mitigate motion sickness by playing a 100Hz sine wave tone; a 60-second session can provide two hours of relief (Andrew Liszewski/The Verge)
An excerpt from the book The Infinity Machine details how DeepMind's early governance battles with Google changed Demis Hassabis from an idealist into a realist (Sebastian Mallaby/Colossus)
Sources: threat actors stole Cisco source code by breaching its internal development environment using credentials from a recent Trivy supply chain attack (Lawrence Abrams/BleepingComputer)
Sources: Microsoft is in talks with Chevron and investment fund Engine No. 1 over a $7B Texas power plant that would initially generate 2.5 GW of electricity (Bloomberg)
Amazon strikes a deal to provide internet access on Delta flights via its Leo satellite business, starting with 500 aircraft in 2028, without disclosing terms (Alison Sider/Wall Street Journal)
Analysis: in 2025, Vietnam surpassed China as the leading supplier of laptops and game consoles to the US for the first time, despite President Trump's tariffs (Bloomberg)

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