• A US judge finds TikTok liable for lying about its safety standards and exposing minors to inappropriate content, in a 2025 lawsuit filed by Texas AG Ken Paxton (Christian Terry/Click2Houston.com)
• Sources: Kalshi plans to seek US regulatory approval to start offering single-stock perpetual futures; Coinbase filed similar regulatory paperwork last week (Wall Street Journal)
• An interview with Apple CEO John Ternus and Greg Joswiak on making the iPhone Duo, minimizing the crease, uninspiring Android foldables, the price, and more (Mark Spoonauer/Tom's Guide)
• Adobe says it hit 1B MAUs, with freemium MAUs surpassing 100M in Q3, up 70%+ YoY, as it increasingly focuses on expanding its freemium AI offerings (Elias Schisgall/Wall Street Journal)
• Sources: Sam Altman told OpenAI employees that the company is considering slowing cutting-edge AI development, and he hopes other AI companies will do the same (Bloomberg)
• Sources: OpenAI asked members of Congress for guidance on whether orchestrating an industry-wide slowdown in AI development would be legal under antitrust law (Maxwell Zeff/Wired)
• Only 4% of the startups in YC's 2026 spring batch had a native mobile app as their main product, down from 15% in 2013, as startups focus on AI and agents (Parmy Olson/Bloomberg)
• Source: AI assistant Instinct is looking to raise $1B in new funding after recently raising $250M, as it seeks more computing power amid capacity constraints (The Information)
• London-based Xapien, which uses AI for background checks and due diligence, raised a $56M Series B led by Spectrum Equity (Lucinda Shen/Axios)
• Sources: the Pentagon is in talks to lend roughly $5B to neocloud Fluidstack; Fluidstack is being advised on its loan application by Palmer Luckey's Erebor Bank (Wall Street Journal)
• Sources: Microsoft plans to expand its data center capacity from 12GW today to 38GW+ by 2032, with about a third of the 38GW centered on AI-specific chips (Bloomberg)
• Adobe reports Q3 revenue up 13% YoY to $6.76B, vs. $6.7B est., AI-first annual recurring revenue up 150% YoY, and forecasts Q4 revenue slightly below estimates (Anzar Mehraj/Reuters)
• California Gov. Gavin Newsom signs bills restricting "addictive" social media features for under-16s and limiting minors' interactions with chatbots (Colin Lecher/CalMatters)
• Oracle reports Q1 revenue up 30% YoY to $19.35B, vs. $19.14B est., cloud infrastructure revenue up 121% to $7.4B, vs. $7.09B est.; ORCL jumps 6%+ after hours (Jordan Novet/CNBC)
• Sources: Altera is preparing to confidentially file for an IPO in the coming weeks; the offering could raise over $2B, with a listing as early as this year (Reuters)
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