• Sources: OpenAI generated about $5.7B in revenue in Q1, nearly $1B more than Anthropic (Sri Muppidi/The Information)
• Sources: the EU will propose temporarily lifting sanctions, imposed in April, on a major Chinese semiconductor supplier after automakers warned of shortages (Alberto Nardelli/Bloomberg)
• August Robotics, which makes autonomous robots for construction and industrial applications, raised $30M led by Big Pi Ventures (Kyt Dotson/SiliconANGLE)
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• Source: smart ring maker Oura filed confidentially for a US IPO, set for later in 2026; SF- and Finland-based Oura had an $11B valuation in September 2025 (Mark Gurman/Bloomberg)
• Spotify and UMG plan to let Premium users create AI covers and remixes using music from participating UMG artists as a paid add-on, without giving a launch date (Jem Aswad/Variety)
• London Mayor Sadiq Khan blocks the Met police's £50M Palantir deal to automate intelligence analysis, citing a "clear and serious breach" of procurement rules (Robert Booth/The Guardian)
• Spotify partners with Live Nation to launch Reserved, a new feature that sets aside tickets for the most dedicated fans, starting with Premium users in the US (Ethan Millman/The Hollywood Reporter)
• Spotify says it has 1M+ subscriptions to Audiobook+, which is on track for $100M in ARR, and unveils an ElevenLabs-powered audiobook self-publishing tool (Ivan Mehta/TechCrunch)
• Spotify Labs launches Studio, a NotebookLM-like desktop app to generate private, AI-powered podcasts, in research preview across 20+ markets (Ivan Mehta/TechCrunch)
• Crypto exchange Blockchain.com confidentially files for a US IPO; the UK-based company founded in 2011 was once valued at $14B (Logan Hitchcock/Decrypt)
• The White House postpones a planned ceremony this afternoon for Trump to sign a new EO on AI and cybersecurity; Trump says "I didn't like certain aspects of it" (Ashley Gold/Axios)
• Federal records: Grok was utilized in only 3 of 400+ publicly identified federal AI use cases in 2025, behind 234 for ChatGPT, 33 for Gemini, 26 for Claude (Reuters)
• Waymo suspends operations in Atlanta and San Antonio as its robotaxis struggle with flooded roads and says it has yet to develop a "final remedy" for flooding (Sean O'Kane/TechCrunch)
• Hark, founded by Figure AI CEO Brett Adcock to build AI-powered devices, raised a $700M+ Series A led by Parkway Venture at a $6B post-money valuation (Samantha Kelly/Bloomberg)
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| • Meta settles closely watched school district lawsuit weeks ahead of trial
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• Sony's luxury 10th anniversary 'ColleXion' headphones shown in leak
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