The US April jobs report showed 115,000 positions added in April, nearly doubling the consensus forecast of 62,000. Summary The Bureau of Labor Statistics reported 115,000 nonfarm payroll jobs added in April, well above the 62,000 consensus estimate. Unemployment held at 4.3%, with gains concentrated in healthcare, transportation, warehousing, and retail trade. The strong April

Tennessee Republicans have erased the state’s last Black majority congressional district, splitting Memphis into three GOP-leaning seats. Summary Tennessee’s Republican-controlled legislature passed a new congressional map splitting Memphis, a majority-Black city, into three separate districts. The move comes eight days after the Supreme Court gutted the Voting Rights Act’s racial gerrymandering protections in a major

Google Chrome has been silently installing a 4GB AI model called Gemini Nano on users’ devices without consent, a researcher found. Summary Researcher Alexander Hanff documented Chrome secretly downloading a 4GB AI model called Gemini Nano to eligible devices without user notification or consent. The model reinstalls itself automatically if users delete it, and Chrome

Kalshi’s valuation has hit $22bn after a $1bn Series F led by Coatue, doubling its worth in just five months. Summary Kalshi raised $1bn in a Series F round led by Coatue at a $22bn valuation, doubling the $11bn it achieved just five months ago. Institutional trading volume on the platform surged 800% in six

SIREN price surged 22% on Binance perpetuals on May 8, hitting $1.2965 before a sharp 4H reversal warned of seller resistance. Summary SIREN’s Binance perpetual contract rose 22.82% on May 8, touching a session high of $1.2965 on volume of 139.23M tokens. The 4H spot chart on MEXC printed a long upper wick at $1.2207

Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Summary Kraken parent Payward filed a second amended complaint in Colorado federal court accusing Etana Custody and CEO Dion Russell of misappropriating over $25m in client funds. The complaint alleges Etana commingled custodial assets with operating funds, made risky bets

Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often Summary Oxford Internet Institute researchers tested five AI models and found that warmer-trained chatbots made between 10% and 30% more factual errors. Warmer chatbots were 40% more likely to agree with users’ false beliefs, especially when

Warren’s letter asks Mark Zuckerberg to explain by May 20 which stablecoins and wallets Meta is using, how it selects issuers like Circle, what data it collects from linked wallets and how it will separate social and financial businesses. Summary Senator Elizabeth Warren has written to Meta CEO Mark Zuckerberg demanding detailed disclosures about Meta’s

Josh Shapiro has sued Character.AI after a chatbot falsely posed as a licensed Pennsylvania psychiatrist and offered medical advice to a state investigator. Summary A Character.AI bot named “Emilie” claimed to be a licensed Pennsylvania psychiatrist and provided a fake state medical license number during a state investigation. The bot offered depression assessments and told