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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
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Instagram launched Instants, an app for sharing disappearing photos, in Italy this week, after rolling out an Instants feature in its main app in some regions
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OpenAI says “GPT-5.5 matches GPT-5.4 per-token latency in real-world serving, while performing at a much higher level of intelligence”
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Anthropic says it has fixed three causes of recent Claude Code quality issues: reduced default reasoning, a caching bug, and a system prompt to reduce verbosity
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GPT-5.5 is priced at $5/1M input tokens and $30/1M output tokens, double GPT-5.4's pricing; GPT-5.5 Pro costs $30/1M input tokens and $180/1M output tokens
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GPT-5.5 is rolling out to Plus, Pro, Business, and Enterprise users in ChatGPT and Codex, and GPT-5.5 Pro to Pro, Business, and Enterprise users in ChatGPT
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OpenAI says GPT-5.5's improvements are strongest in agentic coding, computer use, and early scientific research, which require reasoning across longer contexts
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At a town hall, Asha Sharma said Microsoft is returning to using Xbox for its gaming division, instead of Microsoft Gaming, as “Xbox needs to be our identity”
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Memo: Meta plans to cut 10% of workers, or ~8,000 jobs, on May 20 and won't fill 6,000 open roles, in an effort to offset its AI spending and boost efficiency
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Microsoft announces its first voluntary retirement program, for staff whose years of employment and age add up to 70+; source: 7% of US employees are eligible
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A look at Microsoft's recent wave of executive departures, as it struggles to retain talent and changes its annual rewards and performance programs in response
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Internal memo: Amazon is replacing white-collar job titles at its Ring and Blink units with the designation “builder”, and “builder leaders” for managers
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Manila-based Salmon, a consumer finance app targeting underbanked Filipinos, raised $60M in equity and $40M in debt; it raised $310M to date, $160M in equity
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Microsoft announces the first voluntary retirement program in its 50-year history, for US staffers whose combined years of service added to their age totals 70+
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Sources: Thoma Bravo prepares to hand over customer experience management company Medallia to creditors, leading to a ~$5.1B wipeout for Medallia's investors
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Joint statement: Apple, Amazon, and others push back on stricter emissions reporting rules proposed by climate body Greenhouse Gas Protocol to cut greenwashing
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Vercel says some customer accounts were compromised prior to its early-April breach, potentially through social engineering, malware, or other methods
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WhatsApp partners with PayU to roll out prepaid mobile recharges in India; it remains a marginal payments player in India despite launching payments in 2020
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Memo: White House says it has info indicating “foreign entities, principally based in China” are engaged in “industrial scale distillation” of American AI tech
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