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A US appeals court voids much of a March 2025 injunction blocking California's online child safety law, while keeping some of the law's provisions blocked (Jonathan Stempel/Reuters)
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Sources: Meta delayed the launch of its Avocado model to at least May over performance concerns and discussed temporarily licensing Gemini to power its products (Eli Tan/New York Times)
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Adobe reports Q1 revenue up 12% YoY to $6.4B, vs. $6.28B est., adjusted EPS above estimates, and forecasts Q2 revenue between $6.43B and $6.48B, vs. $6.43B est. (Zaheer Kachwala/Reuters)
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Allen Institute for AI CEO Ali Farhadi steps down after two and a half years to pursue research ambitions; founding member Peter Clark will serve as interim CEO (Todd Bishop/GeekWire)
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Sources: Amazon plans to move its Prime Day sale from July to late June; the shift affects its financial reporting, with event sales coming in Q2 rather than Q3 (Bloomberg)
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Sources: Meta has paused the Persian Gulf section of its 2Africa subsea cable project as the war in the Middle East freezes activity in the region (Bloomberg)
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Adobe CEO Shantanu Narayen will step down after a successor is named; he became CEO in 2007 and will remain as chair of the board; ADBE drops 6%+ after hours (Jordan Novet/CNBC)
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xAI hires senior Cursor leaders Andrew Milich and Jason Ginsberg; Elon Musk said he expects xAI to catch up with rivals in coding by "the middle of this year" (The Information)
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Tinder unveils updates designed to reinvigorate its product, bolster safety, and harness AI, including an Events tab and a virtual speed dating test in LA (Lauren Forristal/TechCrunch)
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PayPay shares jump 19% in their Nasdaq debut after the company's $879.8M US IPO, the biggest listing by a Japanese company on a US stock exchange in a decade (Georgie McKay/Bloomberg)
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Emil Michael says Anthropic's Claude models would "pollute" the DOD's supply chain because they have "a different policy preference" that is baked in (Ashley Capoot/CNBC)
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Swarm Aero, which is developing large swarming drones capable of carrying missiles and cargo, raised a $35M Series A, following a $22M seed in 2023 (Colin Demarest/Axios)
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A US DOJ-led international law enforcement operation disrupted SocksEscort, a residential proxy network used to exploit residential routers worldwide (Jessica Lyons/The Register)
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Sunday, which is building autonomous home robots, raised a $165M Series B led by Coatue at a valuation of $1.15B, and aims to begin testing in homes this year (Paayal Zaveri/Bloomberg)
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Michael Dell says "I don't think a company can dictate to a sovereign government what it does with its tools", responding to a question on the Anthropic feud (Maggie Eastland/Bloomberg)
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Gumloop, which helps companies deploy reliable AI agents that handle complex, multi-step tasks, raised a $50M Series B led by Benchmark (Marina Temkin/TechCrunch)
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Paris-based Waiv, which uses AI to enable more precise testing of cancer, raised $33M after spinning out of AI diagnostics and drug discovery platform Owkin (Martin Coulter/Sifted)
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Anthropic says Claude can now generate custom charts, diagrams, and other visualizations directly in a conversation, available to all users in beta (Emma Roth/The Verge)
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Sources: Greenoaks founder Neil Mehta is pitching an endowment-type fund to Silicon Valley billionaires to influence CA politics, aiming to raise $100M to $500M (Bloomberg)
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Amazon announces new personality styles for Alexa+, including an adult-only "Sassy" option, which it says won't get into areas like explicit sexual content (Sarah Perez/TechCrunch)
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