The Brutalist Report

Techmeme

SK Hynix reports Q1 revenue up 198% YoY to ~$35.55B, vs. ~$36.2B est., and operating profit up 405% YoY to ~$25.4B, vs. ~$25.6B est., as memory prices rise (Dylan Butts/CNBC) [7d]
Alibaba launches Qwen3.6-27B, an open-weight dense model with 27B parameters, saying it surpasses Qwen3.5-397B-A17B on major coding benchmarks (Qwen) [7d]
Dune Analytics: Polymarket's global trading volumes have fallen behind Kalshi in recent months; sources: product delays are contributing to Polymarket's decline (Bloomberg) [7d]
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) [7d]
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) [7d]
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) [7d]
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) [7d]
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) [7d]
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) [7d]
OpenAI releases Privacy Filter, an open-weight model for masking personally identifiable information in text, with 1.5B total and 50M active parameters (OpenAI) [7d]
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) [7d]
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) [7d]
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) [7d]