Docs: OpenAI burned through $3.7B in Q1, on revenue of $5.7B, and ended the quarter with $73B+ in cash and marketable securities vs. $40B at the end of December — OpenAI burned through $3.7 billion in the first quarter, more than half its $5.7 billion in revenue, according to documents the company shared with shareholders.
South Korean media: Hyundai plans to buy SoftBank's remaining 9.65% stake in Boston Dynamics for $325M to make the US robotics company a wholly owned subsidiary — Hyundai Motor Group plans to buy SoftBank Group's (9984.T) remaining 9.65% stake in Boston Dynamics for $325 million …
Trump says he saw Anthropic last week as a national security threat, but signals relations have since improved because Dario Amodei was “nice” and “smart” at G7 — President Trump reached the point last week of viewing Anthropic as a national security threat …
Sources: APEC, a derivatives exchange founded by the 22-year-old son of pro-crypto Senator Kirsten Gillibrand, raised $30M led by Lux at a $300M valuation — The 22-year-old son of a crypto-friendly senator plans to launch his own exchange for a type of derivative popularized by digital asset traders.
New book: Trump mocked Zuckerberg and Bezos by showing associates their fawning texts, saying they were “kissing my ass”; Musk called it “First-class groveling” — “You would not believe the texts I got from these tech guys,” NYT reporters Maggie Haberman …
Sources: Apple is testing a second-generation iPhone Air, planned for spring 2027, with a second rear camera for ultrawide-angle photos and better battery life — Apple Inc. is preparing a second-generation iPhone Air for spring 2027, aiming to boost the appeal of the slimmed-down device …
Anthropic updates Claude Design with design system imports, bidirectional integration with Claude Code, lower token consumption, and more export destinations — When Anthropic quietly released Claude Design in April as a “research preview,” it generated the kind of instant traction …