The Brutalist Report - techmeme
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- French prosecutors escalate an investigation into Elon Musk and X, focused on alleged algorithmic manipulation and sexual deepfakes, to a criminal probe (Lora Kolodny/CNBC) [68d]
- Block reports Q1 revenue up 5% YoY to $6.1B, vs. $5.9B est., and raises its 2026 gross profit forecast above estimates; XYZ jumps 7%+ after hours (Isabelle Lee/Bloomberg) [68d]
- Lyft reports Q1 revenue up 14% YoY to $1.65B, vs. $1.63B est., gross bookings up 19% to $4.95B, vs. $4.91B est., and rides up 8.5% to 236.9M, vs. 241.2M est. (Kelly Cloonan/Wall Street Journal) [68d]
- CoreWeave reports Q1 revenue up 112% YoY to $2.08B, vs. $1.97B est., a $99.4B revenue backlog, forecasts Q2 revenue below estimates; CRWV drops 8%+ after hours (Jordan Novet/CNBC) [68d]
- Nvidia and data center operator IREN announce a deal to deploy up to 5 GW of AI infrastructure; Nvidia can invest $2.1B into IREN; IREN jumps 9%+ after hours (Jonathan Vanian/CNBC) [68d]
- Cloudflare reports Q1 revenue up 34% YoY to $639.8M, plans to cut 1,100+ jobs as it shifts to an "agentic AI-first operating model"; NET drops 13%+ after hours (Ignacio Gonzalez/Bloomberg) [68d]
- Airbnb reports Q1 revenue up 18% YoY to $2.68B, vs. $2.62B est., Nights and Seats Booked up 9% to 156.2M, vs. 155.77M est., lifts 2026 revenue growth guidance (Samantha Subin/CNBC) [68d]
- Coinbase reports Q1 revenue down 31% YoY to $1.41B, vs. $1.52B est., and a loss of $1.49 per share, vs. a $0.27 profit est.; COIN drops 4%+ after hours (CNBC) [68d]
- 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) [68d]
- 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) [68d]
- Anthropic researchers detail natural language autoencoders, which convert LLM activations, the numbers encoding a model's thoughts, into natural language text (Anthropic) [68d]
- 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) [68d]
- 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) [68d]
- 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) [68d]
- 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) [68d]
- OpenAI launches three new real-time voice models for reasoning, translation, and transcription, included in its Realtime API (Zac Hall/9to5Mac) [68d]
- 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) [68d]
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