Apple reports Q2 revenue up 17% YoY to $111.18B, vs. $109.66B est., net income up 19% to $29.6B, and authorizes an additional $100B share buyback program  —  March quarter records for total company revenue, iPhone revenue, and EPS  —  Services revenue reaches new all-time high

Musk v. Altman: when asked whether xAI has distilled OpenAI models, Elon Musk says the claim is “partly” true  —  While answering questions under oath, Musk argued it's standard practice for AI labs to use their competitors' models.  —  While testifying on Thursday in federal court …

The US Senate unanimously passed a rule barring senators from trading on prediction markets like Kalshi and Polymarket, amid rising concern over insider trading  —  The U.S. Senate on Thursday unanimously passed a rule barring senators from trading on prediction markets effective immediately.

Intel shares jumped 114% in April, hitting a record on April 24 and lifting its market cap past $470B, closing out the chipmaker's best month on record  —  Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago.

Western Digital reports Q3 revenue up 45% YoY to $3.34B, vs. $3.25B est., and forecasts Q4 revenue above estimates; WDC drops 7%+ after hours  —  Western Digital (WDC.O) forecast quarterly revenue above Wall Street estimates on Thursday, expecting strong demand for data storage …

Sandisk reports Q3 revenue up 251% YoY to $5.95B, vs. $4.72B est., consumer revenue below est., and forecasts Q4 revenue above est.; SNDK drops 5%+ after hours  —  The company says it's transitioning to a business model of ‘multiyear customer engagements’  —  Referenced Symbols

Sources: Meta HR chief Janelle Gale told employees she can't rule out further layoffs; Zuckerberg said AI automation is not the driving factor behind them  —  - Meta previously announced it will cut 10% of its staff next month.  — Meta's HR chief told staff in a meeting that she can't promise further layoffs won't happen.

Twilio reports Q1 revenue up 20% YoY to $1.41B, vs. $1.34B est., and forecasts Q2 revenue above estimates; TWLO jumps 17%+ after hours  —  Twilio (TWLO) stock popped after the communications software maker reported first-quarter earnings and revenue that topped consensus estimates.

Atlassian reports Q3 revenue up 32% YoY to $1.79B, vs. $1.69B est., and raises its annual revenue forecast; TEAM jumps 17%+ after hours  —  Atlassian (TEAM.O) raised its annual revenue forecast on Thursday, banking on AI-driven features and a push into the enterprise segment …

Alphabet's stock climbed 10% on Thursday and 34% in April, its best month since 2004; Meta's stock plunged 8.5% on Thursday, its steepest drop since October  —  Alphabet's stock surged on Thursday, lifting Google to its best month on Wall Street since 2004, after the company reported better …

Sources: the NSA has been testing Anthropic's Mythos model to find vulnerabilities in Microsoft products and widely used software from other companies  —  The National Security Agency has been testing the capabilities of Anthropic PBC's new artificial intelligence model to find cybersecurity vulnerabilities …

Roblox reports Q1 bookings up 43% YoY to $1.7B, vs. $1.73B est., and DAUs up 35% to 132M, below analysts' estimates of 143.8M; RBLX drops 16%+ after hours  —  Roblox Corp. reported first-quarter users that fell short of analysts' expectations after implementing safety features restricting how kids …

Roku reports Q1 revenue up 22% YoY to $1.25B, ad revenue up 27% to $613M, subscription revenue up 30%, raises 2026 profit guidance; ROKU jumps 8%+ after hours  —  Roku beat Wall Street earnings forecasts for the first quarter of 2026 and raised its full-year profit guidance as the company continues …

Filing: Meta says it might be forced to withdraw its apps from New Mexico if a judge orders it to adopt the state's proposed safety features  —  Mark Zuckerberg's Meta is threatening a total shutdown of Facebook and Instagram in New Mexico if a state judge orders the company to adopt new safety features …

Reddit reports Q1 revenue up 69% YoY to $663M vs. $611M est., DAUq up 17% to 126.8M, above est., forecasts Q2 revenue above est.; RDDT jumps 13%+ after hours  —  Reddit reported better-than-expected profit and revenue in its first-quarter earnings report on Thursday, and also issued an optimistic forecast.

Meta sells $25B of investment-grade bonds after investors placed $96B in orders; Meta sold $30B of corporate bonds in October 2025  —  Meta Platforms Inc. sold $25 billion of investment-grade bonds, hitting the market with a jumbo deal for the second time in six months as investors are starting to show some signs of fatigue.

Cybersecurity analysis: GPT-5.5 reaches a similar level of performance as Mythos Preview and is the second model to solve a multi-step cyberattack simulation  —  In April, our evaluation of Anthropic's Claude Mythos Preview found that it represented a step up in cyber performance …

Google is rolling out Gemini to cars that have Google built in, replacing Google Assistant, starting with English in the US  —  The current Google Assistant is being replaced with a smarter, more conversational upgrade. … Google is preparing to update vehicles that have Google built-in with its Gemini AI assistant.

Sources: Huawei expects AI chip revenue to hit ~$12B in 2026, up 60% from $7.5B in 2025, as orders for its Ascend 950PR chip surge and Nvidia stalls in China  —  Chinese tech companies place large orders for the Shenzhen-based group's latest range of AI processors

The persistent notion that AI disruption could create a permanent underclass signals how much collateral damage AI companies might tolerate in pursuit of AGI  —  Most people I know in the A.I. industry think the median person is screwed, and they have no idea what to do about it.