#A260423p2

From Techmeme: Sources: Cursor hit $2.7B in annualized sales in March, up ~14x from a year ago, and reported a ~$900M loss in its last fiscal year on $770M in total revenue (The Information)

From Techmeme: China's top market regulator says it is launching a six-month crackdown on the country's online ad sector, targeting malpractices including the misuse of AI (Ben Jiang/South China Morning Post)

From Techmeme: The AI boom has pushed the market cap of Shenzhen-listed Zhongji Innolight, a leading optical communications device maker, close to $146B, a record high (Bloomberg)

From Techmeme: DeepSeek V4 Pro has 1.6T total parameters, its largest model by that metric, and V4 Flash has 284B parameters; both models have a context window of 1M tokens (Vincent Chow/South China Morning Post)

From Techmeme: Huawei says its Ascend supernode based on the Ascend 950 AI chips will fully support DeepSeek V4, as DeepSeek launches a preview of its V4 model (Reuters)

From Techmeme: DeepSeek releases its new flagship models V4 Pro and V4 Flash in preview, saying V4 Pro trails the performance of state-of-the-art models by about 3 to 6 months (Bloomberg)

From Techmeme: S-1 excerpts: SpaceX warns multiple investigations into sexually abusive AI imagery created with xAI's Grok may hurt the company's global market access (Reuters)

From Techmeme: Q&A with Google Cloud CEO Thomas Kurian on building infrastructure for AI agents, balancing internal needs and the demands of customers like Anthropic, and more (Ben Thompson/Stratechery)

From Techmeme: Trump threatens to "put a big tariff on the UK" if it does not drop its digital services tax, which he views as unfairly targeting US tech companies (Connor Stringer/Telegraph)

From Techmeme: SAP reports Q1 revenue up 6% YoY to €9.56B, vs. €9.53B est., non-IFRS operating profit up 17% to €2.87B, cloud revenue up 19% to €5.96B; SAP up 10%+ after hours (Reuters)

From Techmeme: Singapore is slowly emerging as a neutral ground for AI companies, offering an alternative place to build without worrying about US or Chinese regulations (Reuters)

From Techmeme: Sources: AI coding firm Cognition is in early talks to raise hundreds of millions of dollars at a $25B valuation, up from $10.2B announced in September 2025 (Bloomberg)

From Techmeme: Sources: the US DOJ arrested a soldier involved in the capture of Nicolás Maduro for allegedly making $400K+ on Polymarket by betting on his removal from office (ABC News)

From Techmeme: Texas Instruments stock rose 19% on Thursday, its best day since 2000, after upbeat Q2 guidance driven by high demand for analog chips used in AI data centers (Katie Tarasov/CNBC)

From Techmeme: Shenzhen-based Pudu Robotics, which makes commercial service robots, raised ~$150M, bringing its total funding to $300M+, and says its valuation exceeds $1.5B (The Robot Report)

From Techmeme: Intel reports Q1 revenue up 7% YoY to $13.58B, vs. $12.42B est., and forecasts Q2 revenue and adjusted EPS above estimates; INTC jumps 15%+ after hours (Katie Tarasov/CNBC)

From Techmeme: Music publishers including UMG, Warner Music, and Sony drop a copyright suit against Verizon following a SCOTUS decision limiting ISP liability in Cox's suit (Kyle Jahner/Bloomberg Law)

From Techmeme: Xbox CEO Asha Sharma and Chief Content Officer Matt Booty detail their "return of Xbox" strategy, including daily active players as its "new north star" (Tom Warren/The Verge)

From memeorandum: FBI targets Mexican Mafia in California in stunning pre-dawn raids (Ben Chapman/New York Post)

From memeorandum: I read 'The Camp of the Saints.' Here's why it's relevant (Jamie Sarkonak/National Post)