Techmeme
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Kalshi suspends and fines congressional candidates Mark Moran of Virginia, Matt Klein of Minnesota, and Ezekiel Enriquez of Texas for political insider trading (Dan Mangan/CNBC)
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IBM reports Q1 revenue up 9% YoY to $15.92B, vs. $15.62B est., software revenue up 11% to $7.05B, and maintains FY 2026 guidance; IBM drops ~6% after hours (Jordan Novet/CNBC)
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ServiceNow reports Q1 subscription revenue up 22% YoY to $3.67B, vs. $3.65B est., says conflict in the Middle East weighed on growth; NOW drops 12%+ after hours (Lola Murti/CNBC)
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Texas Instruments reports Q1 revenue up 19% YoY to $4.83B, vs. $4.52B est., and forecasts Q2 revenue above estimates; TXN jumps 8%+ after hours (Ian King/Bloomberg)
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Sources: xAI held talks in recent weeks with Mistral and Cursor about a potential three-way partnership; Mistral co-founder Devendra Chaplot joined xAI in March (Grace Kay/Business Insider)
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Sean Plankey, President Trump's pick to lead CISA, withdraws from consideration after resistance from Sen. Rick Scott stalled his nomination for over a year (Politico)
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OpenAI releases Privacy Filter, an open-weight model for masking personally identifiable information in text, with 1.5B total and 50M active parameters (OpenAI)
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Meta unveils Live Chats on Threads for real-time conversations during cultural events, launching first within the NBA Threads community during the playoffs (Aisha Malik/TechCrunch)
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Sources: SpaceX isn't acquiring Cursor immediately because the deal could delay its IPO; Cursor is no longer proceeding with its reported $2B funding round (Bloomberg)
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OpenAI announces workspace agents in ChatGPT, letting teams create Codex-powered shared agents for complex tasks, and says they are "an evolution of GPTs" (OpenAI)
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Google says 75% of new code created inside the company is now generated by AI and reviewed by human engineers, up from 50% last fall (Hugh Langley/Business Insider)
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Core Automation, co-founded by ex-OpenAI VP Jerry Tworek, launches to build "the world's most automated AI lab" with talent from OpenAI, Anthropic, and DeepMind (Business Insider)
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LinkedIn names COO Daniel Shapero as its new CEO, succeeding Ryan Roslansky, who will retain his position as EVP at Microsoft (Jordan Novet/CNBC)
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Monk, which automates accounts receivable workflows, raised a $25M Series A co-led by Footwork and Acrew Capital, bringing its total funding to $29M (Ryan Lawler/Axios)
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The UK FCA says it has carried out its first joint operation to disrupt illegal peer-to-peer crypto trading, targeting eight premises across London (Naga Avan-Nomayo/The Block)