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- Walmart, Home Depot, Target apply
- Sources and documents detail Satya Nadella’s efforts to reorganize Microsoft’s top management, creating a startup-style operating model to compete in the AI race (Ashley Stewart/Business Insider)
- AMD CEO Lisa Su predicts the processor market will grow more than 35% annually through 2031, a historic rise of 3% to 4%, driven by AI inference and demand for agentic AI (Cheng Ting-Fang/Nikkei Asia)
- US, Philippines close to economic security zone deal, US official says – The Diplomat
- David Sacks told President Trump that federal reviews of AI models before release would slow innovation and hurt the U.S. in its AI race with China (Politico)
- Shares of quantum computing companies jumped Thursday after the U.S. government provided grants and took equity stakes: D-Wave closed up 33%, Rigetti up 30%, IBM up 12% (Chloe Taylor/CNBC)
- Source: Cursor reached $3 billion in annualized revenue at the end of April and now has more than 3,000 customers paying at least $100,000 each for its software on an annualized basis (Rachel Metz/Bloomberg)
- Democrats surge as Senate Republicans slump