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From Techmeme: RadixArk, led by former xAI employee Ying Sheng, raised a $100M seed at a $400M valuation to make AI inference more efficient via its open-source SGLang engine (Meghan Bobrowsky/Wall Street Journal)

From Techmeme: a16z crypto raised $2.2B for its fifth fund, down from its record $4.5B Fund 4 in May 2022, taking its total capital raised across five funds to ~$9.8B (Yogita Khatri/The Block)

From Techmeme: The US Commerce Department's CAISI says Google, Microsoft, and xAI join OpenAI and Anthropic in granting early access to evaluate models prior to public release (Bloomberg)

From Techmeme: Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying "AI is changing how we work" (Reuters)

From Techmeme: Shopify reports Q1 revenue up 34% YoY to $3.2B, above est., GMV up 34% YoY to $100B, and forecasts weaker Q2 revenue growth; SHOP falls 11%+ pre-market (Ignacio Gonzalez/Bloomberg)

From Techmeme: Zyg, an AI startup by ironSource's founders to automate business functions, raised $60M led by Accel at a $500M valuation, two months after exiting stealth (Marissa Newman/Bloomberg)

From Techmeme: Meta says it will expand Instagram teen account safeguards to 27 EU countries, and plans to roll them out on Facebook in the US, ahead of the UK and EU in June (Foo Yun Chee/Reuters)

From Techmeme: Microsoft's 2026 Work Trend Index: a survey of 20K AI users finds 65% fear falling behind, but only 13% report being rewarded for workplace AI experimentation (Todd Bishop/GeekWire)

From Techmeme: Meta is using AI on Facebook and Instagram to detect under-13 users by analyzing bone structure, height, and visual cues, but says it's "not facial recognition" (Emma Roth/The Verge)

From Techmeme: PayPal reports Q1 net revenue up 7% YoY to $8.4B, total payment volume up 11% YoY to $464B, active accounts up 1% to 439M, and seeks $1.5B+ in cost savings (Paige Smith/Bloomberg)

From memeorandum: Inside Spirit Airlines' failed 'Hail Mary' to the Trump administration (Betsy Klein/CNN)

From memeorandum: Israel Said It's Applying the Gaza Model in Lebanon. This Is What the Devastation Looks Like. (Associated Press)

From memeorandum: Michigan Senate candidate defends her deleted posts after CNN report: 'People are desperate for authenticity' (Alison Main/CNN)

From memeorandum: Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," May 3, 2026 (CBS News)

From Techmeme: A look at Atlassian and Twilio earnings beats, with early signs of Atlassian's AI response success and Twilio becoming a picks-and-shovels layer for AI agents (Jason Lemkin/SaaStr)

From memeorandum: Poll: The midterms' new big players are pushing agendas that voters don't fully support (Politico)

From memeorandum: Trump hosts PGA Tour at Doral — and he's the big winner (Washington Post)

From memeorandum: Scoop: Shapiro boosted Republican to retaliate against fellow Dem, ally says in recording (Axios)

From memeorandum: Justice Dept. Prosecutor Says Inquiry Into Fed Chair Could Be Resurrected (Minho Kim/New York Times)

From memeorandum: Kamala Harris bought a Malibu home. Her neighbors think that means something. (Daniel Miller/Politico)