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eBay tells GameStop to keep the carpet: $56bn bid “neither credible nor attractive”

Ryan Cohen offered $125 a share, partly to be funded by a $20bn TD Securities commitment letter and, briefly, by selling old store signs on eBay itself. The eBay board, which had to ban and then unban him during the process, says no. eBay has formally rejected GameStop’s $56bn takeover bid, telling the video-game retailer’s […]

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NHS England gives Palantir contractors broader access to patient data

A leaked internal briefing note describes a new admin role on the £330m Federated Data Platform that lets external staff bypass case-by-case data approvals. Patient groups and Labour MPs have called the change dangerous. NHS England has decided to allow external personnel from contractors, including Palantir, to access identifiable patient data through a new administrative […]

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China is earning roughly $500m an hour from exports, and AI-related goods are doing the heavy lifting

China’s export earnings have reached roughly $500m an hour, according to a Bloomberg calculation based on the latest customs data, with AI-related goods accounting for about half of the year-on-year growth that has driven the figure to record levels. Total Chinese exports rose 14.1% year-on-year in April to a record $359.4bn, comfortably ahead of consensus […]

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Ilya Sutskever discloses $7bn OpenAI stake during Musk-OpenAI litigation

The former OpenAI chief scientist, who now runs Safe Superintelligence, gave the figure under oath. It places him among the largest individual shareholders in the company. Ilya Sutskever, the former chief scientist of OpenAI who now runs Safe Superintelligence Inc., disclosed during testimony in the Musk-OpenAI litigation on Monday that his ownership stake in OpenAI […]

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The US Commerce Department deletes website details of Microsoft, Google, and xAI security-test deal

The US Commerce Department has removed from its website the details of an agreement under which Microsoft, Google, and xAI agreed to submit new AI models to government scientists for security testing before release, Reuters reported on Monday. The original page, posted on 5 May, said the three companies would hand over their frontier AI […]

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Jensen Huang skips Trump’s China business delegation

The Nvidia CEO is not on the list of US executives travelling to Beijing for the Trump-Xi summit. Apple’s Tim Cook and Tesla’s Elon Musk are among those attending; the trip’s focus is reportedly agriculture, manufacturing, and aviation. NVIDIA CEO Jensen Huang will not join President Donald Trump’s business delegation to China this week, Reuters […]

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ZoomInfo beat earnings, cut 600 jobs, and lost 29 per cent of its stock price. Its database is being repriced by AI.

  ZoomInfo beat its first-quarter earnings estimates, cut its full-year revenue guidance by 62 million dollars, announced a restructuring that will eliminate 600 jobs, and lost 29 per cent of its stock price in a single trading session. The company reported 310.2 million dollars in revenue, up 1.5 per cent year over year. Adjusted earnings […]

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ZoomInfo beat earnings, cut 600 jobs, and lost 29 per cent of its stock price. Its database is being repriced by AI. Read More »

Santa Clara County sues Meta over scam ads on Facebook and Instagram

The complaint, filed on behalf of California residents, alleges Meta earns up to $7bn a year from “high-risk” scam ads and tolerated the practice. The county wants restitution, civil damages, and an injunction. Santa Clara County has sued Meta Platforms in California state court, alleging the company profits from scam advertising on Facebook and Instagram […]

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OpenAI launches $4bn Deployment Company with TPG, Advent, Bain, and Brookfield

OpenAI has set up a new venture called OpenAI Deployment Company, with more than $4bn in initial funding from a syndicate of 19 firms led by TPG and including Advent International, Bain Capital and Brookfield as co-lead founding partners, the company said on Monday. The new entity, which will be majority-owned and controlled by OpenAI, […]

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Claude AI agents are driving record Mac mini demand

Tyler Cadwell runs a small Arizona business called Everything Etched. He sells custom-engraved glassware on Etsy and Shopify. When he wants to brainstorm or build something new, he drives his Ford Bronco out into the canyons around Flagstaff and Tucson with a Mac mini in the passenger seat. The desktop is wired to a portable […]

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