Techmeme
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Stripe's stablecoin firm Bridge wins conditional approval from the US OCC to form a national trust bank, which would allow it to issue and manage stablecoins (Krisztian Sandor/CoinDesk)
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Meta commits to a multiyear deal to buy Nvidia chips, including Vera Rubin; source: Meta's in-house chip strategy had suffered technical challenges and delays (Financial Times)
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Source: Benchmark's 2020 fund is now worth 10x+ and 2024 fund is 3x what investors put in, based on cash distributions and the paper value of its investments (Natasha Mascarenhas/Bloomberg)
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Benchmark hires Jack Altman, the founder of Alt Capital and Lattice, as its fifth general partner; three Alt Capital team members will join him at Benchmark (The Information)
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Google schedules I/O 2026 for May 19 to 20 in Mountain View, teasing the "latest AI breakthroughs and updates" in Gemini, Android, and more (Abner Li/9to5Google)
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Some private software companies including McAfee released earnings early to reassure investors worried about an AI-linked selloff, dubbed the "SaaSpocalypse" (Reshmi Basu/Bloomberg)
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Night Media, a talent agency that represents influencers like Twitch streamer Kai Cenat, raised $70M led by StepStone to expand into gaming, sports, and music (Lucas Shaw/Bloomberg)
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Over 100 researchers from Johns Hopkins, Oxford, and more call for guardrails on some infectious disease datasets that could enable AI to design deadly viruses (Megan Morrone/Axios)
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Sources: Apple ramps up work on AI wearables with cameras and Siri, including smart glasses, AirPods, and a pendant that can be worn as a necklace or pinned (Mark Gurman/Bloomberg)
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Anthropic launches Claude Sonnet 4.6 with improvements in coding, consistency, and more, for Free and Pro users; it features a 1M token context window in beta (Anthropic)
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Mistral buys Paris-based Koyeb, which simplifies AI app deployment at scale and manages AI infrastructure, in its first acquisition; Koyeb raised $8.6M to date (Anna Heim/TechCrunch)
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Mesh, founded by ex-SpaceX staff to mass produce optical transceivers that convert optical signals to electrical signals, raised a $50M Series A led by Thrive (Edward Ludlow/Bloomberg)
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CFTC Chair Mike Selig says the commission will file friend-of-the-court briefs to defend its exclusive jurisdiction over prediction markets amid state lawsuits (Nathan Bomey/Axios)
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Automattic adds an AI assistant to WordPress.com, enabling users to perform site-wide layout and style modifications via natural language commands (Sarah Perez/TechCrunch)
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SEC filing: Liftoff withdraws its IPO filing without specifying a reason, less than two weeks after the mobile ad platform postponed plans to price its IPO (Anthony Hughes/Bloomberg)