• Goldman Sachs: Alphabet and Amazon generated "other income" totaling $53B in Q1, or ~60% of their Q1 income; $49B was due to equity stakes in private companies (Robin Wigglesworth/Financial Times)
• Sources: OpenAI and Broadcom discuss terms for Broadcom to finance initial custom chip production for ~$18B, conditioned on Microsoft buying ~40% of the chips (Anissa Gardizy/The Information)
• Anthropic researchers detail natural language autoencoders, which convert LLM activations, the numbers encoding a model's thoughts, into natural language text (Anthropic)
• Sources: Ramp told investors it is raising $750M co-led by Iconiq Capital and GIC at a valuation of $40B+ before the investment, up from $32B in November 2025 (Kate Clark/Wall Street Journal)
• EU legislators reach a deal to postpone restrictions on high-risk AI until December 2027 and to exempt the use of AI in industrial applications from the AI Act (Pieter Haeck/Politico)
• While Anthropic will use the Colossus 1 data center, which has a really bad environmental record, xAI retains the larger Colossus 2 for its own AI training (Simon Willison/Simon Willison's Weblog)
• Sources: AirPods with cameras reached an advanced testing stage; the cameras will feed data to Siri to help answer questions, rather than take photos or video (Mark Gurman/Bloomberg)
• OpenAI launches three voice models in the API: GPT-Realtime-2 with GPT-5-class reasoning, GPT-Realtime-Whisper for transcription, and GPT-Realtime-Translate (Zac Hall/9to5Mac)
• OpenAI launches Trusted Contact, an optional safety feature for ChatGPT that lets adult users assign an emergency contact for mental health and safety concerns (Jess Weatherbed/The Verge)
• Elon Musk says SpaceX reserves "the right to reclaim the compute" from Anthropic if its "AI engages in actions that harm humanity" (Elon Musk/@elonmusk)
• Filing: OnlyFans owner Leonid Radvinsky's wife assumed significant control of OnlyFans holding company Fenix in March following the death of Radvinsky (Bloomberg)
• AWS unveils Amazon Bedrock AgentCore Payments and partners with Coinbase and Stripe to enable AI agents to execute transactions using stablecoins (RT Watson/The Block)
• Meta challenges Ofcom in UK High Court over the Online Safety Act, which calculates levies based on global, not UK, revenue, in a case scheduled for October (Sam Tobin/Reuters)
• Nova Intelligence, which is building agentic AI for SAP ahead of a 2030 migration, raised a $31.5M Series A led by Chemistry, taking its total funding to $40M+ (Lily Mae Lazarus/Fortune)
• Tessera Labs, which uses AI agents to automate enterprise IT migrations and ERP transformations, raised a $60M Series A led by a16z at a $320M valuation (Anna Tong/Forbes)
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