OpenAI likely to announce search engine on Monday

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Top stories today:

  1. OpenAI likely to announce search engine on Monday
  2. Microsoft will launch online store for games in July
  3. SoftBank selling Vision Fund VC assets to focus on AI projects
  4. Apple apologizes for iPad Pro ad showing press destroying instruments
  5. Apple continues to lead U.S. smartphones with 52% market share

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 day before Google’s annual I/O conference kicks off.

  • Google and OpenAI/Microsoft have frequently launched products on similar dates, trying to get ahead of each other.

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3. Microsoft will launch online store for games in July

Announced by Xbox President Sarah Bond:

  • Web, not app, so it is “accessible across all devices, all countries, no matter what, independent of the policies of closed ecosystem stores.”

  • Focus on games like Microsoft’s Minecraft.

  • EU’s Digital Markets Act forced Apple and Google to allow 3rd-party stores without having to pay fees to these companies.

4. SoftBank selling Vision Fund VC assets to focus on AI projects

  • $100B chip venture to compete with NVIDIA is on the horizon.

  • Vision 3/4 funds unlikely to happen now.

5. Apple apologizes for iPad Pro ad showing press destroying instruments

Still available on YouTube:

6. Apple continues to lead U.S. smartphones with 52% market share, as shipments -8% YoY

7. Videogames are played daily by 41% of U.S. teens, 61% of boys

89% of players say they do it with others, and 49% have made a friend online because of it

8. Interesting videos, posts, and memes

9. Other headlines

AI

  • Apple M2 chips to power AI data centers this year.

  • TSMC’s April sales +60% YoY to $7.3B on AI demand.

  • Qwen 2.5 LLM launched by Alibaba, claimed to be on par with GPT-4.

  • DEEPX, NPU AI chip startup, raises $80M at $529M.

  • OpenAI pitching news partners via its Preferred Publishers Program.

  • TikTok begins automatically tagging AI-generated content with CC.

  • MindStudio: How to Build An AI Agency.*

  • guidde: magically create video documentation with AI.*

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Tech: presented by Athyna

  • HubSpot continues to talk to Alphabet about potential acquisition.

  • Roblox’s revenue +22% to $801M, guides down, stock -22%.

  • Jack Dorsey interview on leaving Bluesky board, how Twitter lost its way.

  • Athyna: hire incredible global talent with the same company that Bay Area Times uses!*

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Tech & law

  • Starlink teams up with Pentagon to block Russia from using service.

Biotech

Crypto

  • Grayscale parent DCG reports $229M in revenue in Q1.

  • Kraken asks court to dismiss SEC claims.

  • Russian opposition leader launches blockchain-based referendum on Putin.

U.S. politics

  • Biden to impose tariffs on China EVs, other strategic sectors.

  • Nikki Haley donors want her to run in 2028, as Trump endorsement is TBD.

  • FAA reauthorization bill passed by Senate.

  • Stormy Daniels discloses intimate details of alleged affair with Trump.

World

  • Netanyahu says Israel will fight alone regardless of U.S. weapons.

  • U.S. port for aid in Gaza that cost $320M nears completion.

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