• Sources: the US Commerce Department last week ordered multiple chip equipment companies to halt some shipments to China's second-largest chipmaker, Hua Hong (Karen Freifeld/Reuters)
• Robinhood reports Q1 revenue up 15% YoY to $1.07B, vs. $1.14B est., and crypto revenue down 47% to $134M, vs. $147.6M est.; HOOD drops 6%+ after hours (Luke Kawa/Sherwood News)
• Seagate reports Q3 revenue up 44% YoY to $3.11B, vs. $2.96B est., and forecasts Q4 revenue and adjusted EPS above estimates; STX jumps 13%+ after hours (Zaheer Kachwala/Reuters)
• China's National Supercomputing Center in Shenzhen unveils the Lingshen project, aiming for 2+ exaFLOPS performance using a domestic-made CPU-only architecture (Luke James/Tom's Hardware)
• Sources: Apple plans an AI overhaul for photo editing in iOS 27, including using on-device AI models to extend, enhance, and reframe photos (Mark Gurman/Bloomberg)
• South Africa withdraws its first draft national AI policy after revelations that it contained fictitious sources that appeared to have been AI-generated (Nellie Peyton/Reuters)
• Q&A with Sam Altman and AWS CEO Matt Garman about OpenAI's new partnership with AWS, Bedrock Managed Agents, Trainium chips, and more (Ben Thompson/Stratechery)
• Sources: Google dropped out of a $100M Pentagon challenge to create tech for voice-controlled, autonomous drone swarms, following an internal ethics review (Katrina Manson/Bloomberg)
• Amazon and OpenAI announce an expanded deal that will make OpenAI's models available from AWS, a day after OpenAI revised its Microsoft partnership (Ina Fried/Axios)
• AWS launches Amazon Connect Decisions and Amazon Connect Talent, which are AI agentic tools aimed at logistics workers and recruiters (Matt Day/Bloomberg)
• Lovable launches its AI coding app on iOS and Android, letting users code via voice or text AI prompts, and allowing them to switch between a PC and mobile (Sarah Perez/TechCrunch)
• Musk v. Altman: the judge asks Elon Musk and Sam Altman to "control your propensity to use social media to make things worse", as opening statements begin (Madlin Mekelburg/Bloomberg)
• The FIDO Alliance launches two working groups to establish industry standards for securing AI agent transactions; Google contributes the Agent Payments Protocol (Lily Hay Newman/Wired)
• Foxconn Industrial Internet, which sells AI servers, reports Q1 revenue up 57% YoY to ~$37B, below $44.5B est., and a record ~$1.5B net income, below $1.8B est. (Rachel Yeo/Bloomberg)
• Sources: Polymarket has discussed lifting the prohibition on US-based customers with the CFTC, as it seeks to bring its main exchange back to the US (Bloomberg)
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