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Apple launches new iPad Air, iPad Pro, Pencil Pro, as expected

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Top stories today:

  1. Apple launches new iPad Air, iPad Pro, Pencil Pro, as expected
  2. OpenAI may launch search engine with Search.ChatGPT.com
  3. TikTok sues U.S. government over law forcing sale or ban

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Apple launches new iPad Air, iPad Pro, Pencil Pro, as expected

The new iPad Pro is the thinnest and fastest yet, but it is still just an iPad running iPadOS

  • 5.1mm thick for the 13-inch model.

  • M4 chips (1st Apple product to have it).

  • “Tandem OLED” screen.

Other iPad news

  • Powerful authentication loved by over 25,000 developers, including teams at Datadog, Rippling, and Atlassian.

  • Integrate in minutes to add SSO, SAML, MFA and more to an application. Free up to 10,500 MAU.

  • 6 months free after migration before May 31st, for enterprise customers with more than 100,000 MAU, or 3,000 MAO.


3. OpenAI may launch search engine with Search.ChatGPT.com

  • Full citations, similar to Perplexity AI: “The feature would allow users to ask ChatGPT a question and receive answers that use details from the web with citations to sources such as Wikipedia entries and blog posts.”

  • Previously reported in Feb. by The Information, now reported again by Bloomberg.

4. TikTok sues U.S. government over law forcing sale or ban on 1st Amendment grounds, as expected

  • “For the first time in history, Congress has enacted a law that subjects a single, named speech platform to a permanent, nationwide ban, and bars every American from participating in a unique online community with more than one billion people worldwide.”

  • Sale “simply not possible” because of Beijing’s refusal to allow a sale of the algorithm.

  • U.S. Court of Appeals for the District of Columbia Circuit: where lawsuit was filed.

  • Supreme Court expected to decide on the law over the next year.

  • Of note, the FCC has historically regulated foreign investment in radio station licenses.

5. GPT-4 competitors have quickly caught up in quality: visualized

Open models like Llama 3 and Deepseek V2 are significantly cheaper at an only slightly worse performance

6. Interesting videos, posts, and memes

7. Other headlines


  • GPT-4 for spies, unconnected to internet, being deployed by Microsoft.

  • Meta’s gen. AI tools for advertisers can now create full new images.

  • OpenAI building tool to let creators opt out of AI training.

  • HubSpot: Ready to give yourself some time back at work?*

  • MindStudio: How to Build An AI Agency.*


Tech earnings

  • Disney’s revenue +1% to $22.08B, as streaming unit has 1st profits.

  • EA’s revenue -5% to $1.78B, net income +$182M (vs. -$12M).

  • Lyft’s revenue +28% to $1.3B, net loss of -$32M.

  • Twilio’s revenue +4% to $1.05B, guides down on lower enterprise spend.

  • Match’s revenue +9% to $860M, as Tinder MAUs -21% globally.

  • Reddit’s revenue +48% to $243M, stock +15% after hours.


  • Wiz raises $1B at $12B to expand cloud security via acquisitions.

  • Monzo raises another $190M at $5.2B.

  • Pixel 8A announced by Google at $499.

  • Instacart adding restaurant delivery via partnership with Uber Eats.

  • Mark Zuckerberg considered acquiring Associated Press in 2017-2018.

  • SpaceX to fly billionaire for 2nd time, aiming for spacewalk.

  • Kinde: customer identity and access management in a few lines of code.*


Tech & law



  • FTX estate seeks to pay interest to creditors, exp. 118% by year-end.

  • Robinhood CEO vows to fight SEC, decries “regulatory onslaught.”

  • Kuzco launches Llama 3 inference powered by 2K distributed GPUs.

  • Vitalik proposes EIP-7702 to refine account abstraction on Ethereum.

U.S. politics

  • Stormy Daniels testifies about alleged affair with Trump.

  • Trump docs case delayed indefinitely, after May 20 start date scrapped.


  • Gaza-Egypt border reopened after Israel takes control.

  • U.S. pauses shipments of 500/2.000-pound bombs over Rafah.

  • Israel, Hamas should be able to make a deal, U.S. continues to press.

  • Ukraine says it stopped Russian plot to kill Zelensky.

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