Isabelle Bousquette / Wall Street Journal: How Pringles maker Kellanova is using AI and a partnership with Siemens to improve production of the chip in Europe, including making digital twins of its dough — Kellanova, which manufactures Pringles in Europe, says a new AI project could be the key to improving production of the iconic chip
Wall Street Journal: FanDuel parent Flutter says CEO Peter Jackson is stepping down, replaced by President Dan Taylor, and reports a lower profit outlook as its US business falters — The parent company of FanDuel says CEO Peter Jackson is being replaced by Dan Taylor, the company's president
Katherine Hamilton / Wall Street Journal: Visa plans to acquire Israeli company BioCatch, which uses AI to detect fraud and distinguish legitimate users from attackers in real time, for $2.4B in cash — BioCatch uses artificial intelligence to detect fraud and distinguish legitimate users from attackers
Ben Cohen / Wall Street Journal: A profile of Jacob Tsimerman, who won the Fields Medal last week and is taking a leave from the University of Toronto to join OpenAI and work on AI safety — Jacob Tsimerman won the biggest prize in math. Now he's working on the most important problem of his career.
Wall Street Journal: Malaysia shuts down Network School, Balaji Srinivasan's techno-utopian project, over licensing issues; Srinivasan says he is opening a new campus in Kazakhstan — Balaji Srinivasan left Silicon Valley and created an incubator for new countries in an Asian ghost city, before the government shut it down
Berber Jin / Wall Street Journal: Sources detail how OpenAI fell behind Anthropic in revenue growth and valuation after prioritizing consumer chatbots and flashy side projects over coding tools — Bets on consumer chatbots and flashy side projects overshadowed AI coding opportunity, which rival Anthropic used to capture the lead
Michelle Hackman / Wall Street Journal: Sources: the Trump admin is weighing a $100K fee for foreign students seeking to work in the US after graduation; a judge blocked Trump's $100K H-1B fee in June — Proposed policy would particularly affect Silicon Valley, Wall Street and universities — WASHINGTON—The Trump administration …
Wall Street Journal: Letter: Situational Awareness is down ~67% in July, but remains up ~80% in 2026; sources say it planned to sell $3.5B of its Anthropic stake but backed out — Leopold Aschenbrenner's hedge fund backed out of deal to sell $3.5 billion of Anthropic shares — Leopold Aschenbrenner's hedge …
Katherine Hamilton / Wall Street Journal: Intercontinental Exchange agrees to acquire electronic fixed-income trading platform MarketAxess for $6B in cash, a 33% premium, set to close in H1 2027 — The acquisition of MarketAxess is expected to close in the first half of 2027 — Intercontinental Exchange agreed to acquire MarketAxess …
Elias Schisgall / Wall Street Journal: PayPal reports Q2 revenue up 5% YoY to $8.68B, above $8.47B est., transaction margin dollars up 1% YoY to $3.9B, and a $1.1B profit, down from $1.26B in Q2 2025 — Second-quarter revenue rose 5% to $8.68 billion — PayPal bumped up its profitability guidance and reported revenue growth …
Natalie Kaufman / Wall Street Journal: How some young adults are using AI to navigate social situations, from drafting pickup lines and texts to formulating responses in face-to-face conversations — People are leaning on AI for a task more dreaded than homework: navigating social situations with their fellow humans
Wall Street Journal: US companies have flipped from “tokenmaxxing” to “thrift-maxxing”, mixing cheaper Chinese models with OpenAI's and Anthropic's, threatening the labs' valuations — Companies big and small are mixing models and it's changing the economics and power players of the industry
Wall Street Journal: Sources including AI lab staff say users have been persuading chatbots to accurately answer prompts about planning mass-casualty attacks and making bio-weapons — AI companies play a cat-and-mouse game, trying to boost the capabilities of their creations while scrambling to block answers to dangerous queries
Wall Street Journal: Sources: Apple has pitched Trump on using Chinese memory chips in its products sold outside the US; Micron warned such a plan could destroy the US chip industry — Two of the president's priorities—cutting prices for U.S. consumers and increasing domestic semiconductor output—come into conflict
Wall Street Journal: Sources: OpenAI told Hugging Face only this week its models caused the July 11 hack; the models appear to have been active online for days before being stopped — They were like high-school students trying to hack into the textbook company to cheat on their final exam. Only these hackers weren't human.
Wall Street Journal: A look at China's push to catch up with US AI chips; sources: its Vice Premier warned AI companies that anyone who resisted using local chips was a traitor — Xi confidant leads fevered effort for domestic alternatives to win AI race; Chinese AI companies warned that anyone who resisted using local chips was a traitor
Justin Lahart / Wall Street Journal: A Google study using millions of de-identified AI interactions finds AI is helping workers, not replacing them, and much AI use is “shallow” for certain tasks — One of the looming worries about artificial intelligence is that it will automate away jobs.
Grace Yoon / Wall Street Journal: Texas Instruments reports Q2 revenue up 23% YoY to $5.46B, above $5.26B est., net income up 53% to $1.98B, and forecasts $5.65B-$6.15B in Q3 revenue, above est. — The semiconductor company posted a quarterly profit of $1.98 billion, up from $1.30 billion a year earlier
Belle Lin / Wall Street Journal: Anthropic unveils a Services Track for its Claude Partner Network, a ranking based on what companies built with Claude, and releases a Claude Partner Hub portal — AI giant is solidifying its Claude Partner Network to help demonstrate ‘durability of revenue’ as it nears going public
Katherine Blunt / Wall Street Journal: Google sold $35B in stock in its equity raise this week, up from its planned $30B and taking its total funding to $85B; a source says it contacted 75 investors — $35 billion — That's how much stock Google parent Alphabet ended up selling this week in underwritten public offerings …
Tracy Qu / Wall Street Journal: Baidu CFO Henry He says the company plans to spin off and list its chip unit Kunlunxin in Hong Kong and Shanghai in 2026, making it more like a “neutral player” — Plans to spin off and list Kunlunxin Technology in Hong Kong and Shanghai are on track
Ben Glickman / Wall Street Journal: AI market research platform AlphaSense raised $350M from Vitruvian, Accenture, and others at a $7.5B valuation, up from $4B in 2024, ahead of a possible IPO — Firm raises $350 million from investors including Accenture and JPMorgan's asset-management unit.
Emily Glazer / Wall Street Journal: Bill Gates' carefully crafted public image has been eroded by revelations about his ties to Epstein; Gates was recently snubbed from Microsoft's CEO Summit — The billionaire philanthropist was once ranked the world's most admired man—but the revelations of his Jeffrey Epstein ties are eroding efforts to burnish his reputation
Sean McLain / Wall Street Journal: As robotaxi companies attempt to scale in the US, they face increasing scrutiny and mounting criticism from drivers, law enforcement, and local governments — As autonomous taxi services scale beyond Silicon Valley, new problems abound for cities — This was supposed to be the year …
Kate Clark / Wall Street Journal: PitchBook: VC investment in global robotics and physical AI jumped to $26B in 2025 from $4.2B in 2019, and has already topped $23B as of May 20 this year — Investors bet big on infrastructure and ‘physical AI,’ enticed by prospect of revenue opportunities
Dan Gallagher / Wall Street Journal: Memory chip makers are leveraging their newfound power to secure long-term agreements, a move set to reshape the industry's business model and stabilize prices — Micron, Samsung and SK Hynix are cheap despite their $1 trillion valuations if long-term contracts stabilize the sector
Wall Street Journal: A profile of OpenAI President Greg Brockman, who is overseeing product in his new role and has become an important ambassador for AI to the Trump administration — After years in the shadow of better-known co-founders, Greg Brockman is stepping into the spotlight. He and his wife Anna are also Silicon Valley super-donors.
Connor Hart / Wall Street Journal: IBM and Red Hat commit $5B to establish a new open-source software model, dubbed Project Lightwell, and will deploy 20,000 engineers globally, supported by AI — Project Lightwell will deploy a global force of 20,000 engineers, supported by advanced artificial intelligence
Hannah Erin Lang / Wall Street Journal: Robinhood launches a feature to let users link AI agents, such as Claude or Cursor, to separate, dedicated investment accounts for trading stocks autonomously — New feature links artificial-intelligence tools to investment and credit-card accounts — AI agents were already dispensing advice …
Wall Street Journal: The Shanghai Stock Exchange says memory maker CXMT cleared a listing review for the exchange's Nasdaq-like STAR Board, in what could be China's top IPO in 2026 — The listing could become China's largest IPO this year — China's securities regulator has cleared an approximately $4 billion share offering …
Wall Street Journal: Temu owner PDD reports Q1 revenue up 11% YoY to ~$15.7B, below ~$16.2B est., net profit down 15% to ~$1.85B, below ~$3.4B est., amid fierce competition in China — The company is rolling out more support initiatives to prevent merchants from defecting to other platforms
Mauro Orru / Wall Street Journal: Spain says it is blocking Polymarket and Kalshi as a precautionary measure while it probes possible gambling law violations over the next three to four months — The government said companies seeking to provide clients with gambling services need a license
Joann S. Lublin / Wall Street Journal: A growing number of execs are creating AI digital twins to manage tasks; Reid Hoffman says “Reid AI” has delivered 75+ addresses and presentations since 2024 — In a glimpse into the future, a small number of executives have created AI replicas to take over some of their responsibilities
Meghan Bobrowsky / Wall Street Journal: A profile of Meta CTO Andrew “Boz” Bosworth, a top lieutenant of Mark Zuckerberg who is leading the gargantuan effort to transform Meta into an AI-first company — Andrew Bosworth, Meta's outspoken chief technology officer, has a new mission: transforming the company's workforce using AI
Nicole Nguyen / Wall Street Journal: Hands-on with a pre-release build of Google Docs Live, an AI-powered voice tool for drafting documents, rolling out this summer to AI Pro and Ultra subscribers — An exclusive look at Docs Live, Google's new speech-powered AI project manager and writing partner — Microsoft Word brought word processing to the masses.
Matthew Prince / Wall Street Journal: Cloudflare CEO Matthew Prince says AI won't replace builders or sellers, but it will affect middle managers, operations jobs, and other “measuring” positions — The company has less need for middle managers, operations jobs and other ‘measuring’ positions.
Paul Vieira / Wall Street Journal: The US Ambassador to Canada accuses Canada of imposing trade barriers by requiring that US streamers contribute 15% of Canadian revenue to local programming — Remarks from U.S. Ambassador Pete Hoekstra add to harshly critical statements from lobby groups representing Hollywood and tech companies
Wall Street Journal: Internal Binance reports and sources reveal Iran moved billions through Binance to fund entities like the IRGC, with some transactions as recent as this month — Transactions on world's largest crypto exchange took place despite repeated red flags; Binance says it has ‘zero-tolerance for illicit activity’
Anne Steele / Wall Street Journal: Netflix and iHeartMedia say Charlamagne tha God's The Breakfast Club will stream live on Netflix on weekdays from June 1, the service's first daily live show — Charlamagne tha God's morning radio show has been a standout success among the streamer's video podcast efforts
Wall Street Journal: The US Commerce Department plans to award $2B in grants to nine quantum computing companies and will take equity stakes; IBM is set to get $1B of the package — Trump administration hopes to spur ‘a new era of American innovation,’ Commerce's Lutnick says — WASHINGTON—The Trump administration …
Isabelle Bousquette / Wall Street Journal: Higgsfield AI premieres Hell Grind, a 95-minute fully AI-generated film, at Cannes and says it took two weeks and cost $500K to make, of which $400K was on AI — ‘Hell Grind,’ a 95-minute fully AI-generated film, premieres this week at Cannes, where questions around the technology's encroachment remain center-stage
Sherry Qin / Wall Street Journal: AMD pledges to invest $10B+ in Taiwan's chip industry to make advanced chip packaging for AI, and says TSMC will ramp up production of its next-gen Venice chips — The company is investing more to meet growing demand for artificial-intelligence infrastructure
Mark Maurer / Wall Street Journal: KPMG partners with Anthropic to embed Claude into its tax and advisory platforms; KPMG's tax and legal services unit saw revenue grow ~8% YoY to $9.3B in 2025 — The Big Four firm will embed Claude on a platform that will house the majority of its nonaudit services
Robbie Whelan / Wall Street Journal: Decart, which offers real-time generative video and GPU optimization tech, raised $300M at a ~$4B valuation, up from $3.1B after raising $153M in August 2025 — Decart's valuation hits nearly $4 billion as investors pour capital into startups making AI computing more efficient
Tracy Qu / Wall Street Journal: Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net income down 55% YoY to ~$506.6M, above ~$462.5M est., amid a slow AI payoff — First-quarter net profit fell 55% from a year earlier — Baidu recorded another sharp profit drop and a fourth straight quarter …
Tim Higgins / Wall Street Journal: How Amazon, which took a measured tone on AI, went from an AI also-ran to a real contender, thanks to $200B in spending, a bet on custom chips, and savvy deals — The pieces are coming together for AWS's AI strategy, thanks to $200 billion in spending, custom chips and savvy deals
Kwanwoo Jun / Wall Street Journal: South Korea's Hana Bank agrees to acquire a 6.55% stake in Dunamu, which runs South Korea's largest crypto exchange Upbit, for $672.5M from Kakao — The deal would make Hana Bank the fourth largest shareholder in Dunamu — Hana Bank will buy a roughly $670 million stake …
Connor Hart / Wall Street Journal: Klarna reports Q1 revenue up 44% YoY to $1.01B, above est., GMV up 33% to $33.7B, active customers up 20% to 119M, and a $1M profit, up from a $99M loss YoY — The buy now, pay later company said first-quarter revenue jumped 44% to $1.01 billion — Klarna swung to a profit in the first quarter …
Sherry Qin / Wall Street Journal: SMIC reports Q1 revenue up 11.5% YoY to ~$2.5B and net profit up 5% YoY to ~$197.4M, below $223.6M est., weighed down by higher operating expenses, up 30% YoY — It sees scope for momentum to pick up in the second quarter — SMIC, China's biggest chip foundry, reported weaker …
Wall Street Journal: Zhaopin: Chinese graduates returning home from abroad rose 12% YoY in 2025, fueling Beijing's plans to take on Silicon Valley; China is offering big incentives — More Chinese nationals who return home after working in the U.S., called ‘sea turtles,’ are fueling Beijing's efforts to take on Silicon Valley