The Brutalist Report

Techmeme

Waymo suspends freeway rides and pauses its Atlanta operations, as it updates software to improve performance around construction zones and flooded roadways (Reuters) [53d]
Adobe, Canva, and CapCut announce Gemini integrations to let users access the companies' image and video editing tools within the Gemini app (James Peckham/PCMag) [53d]
ElevenLabs, which aims to build an all-in-one AI voice app, licensed 200K human-voiced audiobooks from major publishers, available in ElevenReader for $11/mo. (Ashley Carman/Bloomberg) [53d]
Source: Cursor reached $3B in annualized revenue in late April and now has 3,000+ customers paying at least $100K each for its software on an annualized basis (Rachel Metz/Bloomberg) [53d]
Spotify closes up 13% after announcing new features and 2030 guidance, forecasting a compound annual growth rate in the mid-teens and gross margins of 35%-40% (Samantha Subin/CNBC) [53d]
Zoom reports Q1 revenue up 5.5% YoY to $1.24B, vs. $1.22B est., AI Companion paid users up 184%, forecasts FY 2027 revenue above est.; ZM jumps 8%+ after hours (Brody Ford/Bloomberg) [53d]
Take-Two reports Q4 bookings flat YoY at $1.58B, forecasts FY 2027 bookings below est., reiterates GTA VI's November 19 launch date; TTWO jumps 6%+ after hours (Zaheer Kachwala/Reuters) [53d]
Workday reports Q1 revenue up 13% YoY to $2.54B vs. $2.52B est., and lifts its full-year forecast, saying its AI strategy is working; WDAY jumps 9%+ after hours (Jordan Novet/CNBC) [53d]
Texas AG Ken Paxton sues Meta, accusing WhatsApp of marketing its services as secure but failing to "deliver on those promises" by accessing encrypted messages (Ryan Autullo/Bloomberg Law) [53d]
Meta joins TikTok, Snap, and YouTube in settling with a Kentucky school district to avoid a trial over claims the platforms were designed to addict kids (Erin Mulvaney/Wall Street Journal) [53d]
Sources: Starbucks shut down an AI program for automating inventory counts, nine months after deploying it, after it frequently miscounted and mislabeled items (Waylon Cunningham/Reuters) [53d]
Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference, raised a $355M Series C at a $4.65B valuation, up from $1.1B in 2025 (Deepa Seetharaman/Reuters) [54d]
Gavin Newsom signs an EO mandating state agencies work with the AI industry and others to study subsidies for companies that don't replace workers with AI (Cecilia Kang/New York Times) [54d]
Sources: OpenAI generated about $5.7B in revenue in Q1, nearly $1B more than Anthropic (Sri Muppidi/The Information) [54d]
Sources: the EU will propose temporarily lifting sanctions, imposed in April, on a major Chinese semiconductor supplier after automakers warned of shortages (Alberto Nardelli/Bloomberg) [54d]
August Robotics, which makes autonomous robots for construction and industrial applications, raised $30M led by Big Pi Ventures (Kyt Dotson/SiliconANGLE) [54d]