Tobias

OpenAI reaffirmed its unique governance structure, ensuring its nonprofit parent retains oversight despite a $500 billion valuation. A non-binding MOU with Microsoft signals further partnership following Microsoft’s $13 billion investment. OpenAI emphasizes safety and collaboration with regulators to solidify its legal framework, addressing concerns about its shift from research to commercial aims. They’re also launching a $50 million grant program to support AI literacy. The company faces a legal dispute with Elon Musk over its for-profit trajectory.

The DOJ is suing Uber, alleging ADA violations due to systemic discrimination against riders with disabilities. The lawsuit claims Uber drivers routinely deny service to individuals with service animals or requiring wheelchairs, and impose unwarranted fees. The DOJ alleges discriminatory driver behavior includes refusals, inappropriate questioning and impermissible surcharges. Uber denies the allegations, citing its zero-tolerance policy and accessibility features. The DOJ argues Uber’s efforts are insufficient under the ADA. The lawsuit could have significant financial and operational consequences for Uber and impact the ride-hailing industry’s responsibility in ensuring equal access for users with disabilities.

Oracle shares dipped 7% following a record high, driven by concerns over reliance on OpenAI, potentially committing $300 billion over five years. This news followed strong first-quarter results, fueled by multi-billion-dollar contracts and a 359% surge in remaining performance obligation to $455 billion. Oracle forecasts a 14-fold cloud infrastructure revenue expansion by 2030 to support AI. Analysts worry about the sustainability of Oracle’s revenue, highlighting risk concentration and the importance of diversification in the competitive cloud market.

A dispute arose in China after Luo Yonghao criticized Xibei restaurant chain for allegedly using pre-prepared meals. Xibei’s founder, Jia Guolong, denied the claim and threatened legal action, releasing Luo’s bill to justify pricing. Online debate ensued regarding Xibei’s prices. Xibei launched a “Luo Yonghao Menu,” offered a money-back guarantee, and invited customers to observe meal preparation, emphasizing transparency. This incident underscores increasing consumer scrutiny in the food industry and the impact of social media.

A lawsuit filed by a former executive accuses Alphabet’s Verily of HIPAA violations affecting over 25,000 patients in its Onduo diabetes program. The lawsuit alleges unauthorized use of protected health information for research and marketing, and claims Verily concealed the breaches and terminated employees who raised concerns. A judge denied Verily’s request for dismissal. The lawsuit details alleged breaches involving partners like Walgreens and Delta. Verily denies the allegations and will defend itself. It comes as Verily navigates strategic shifts and funding rounds.

The FTC is investigating seven AI companies, including OpenAI, Alphabet, and Meta, to assess the impact of their chatbots on children and teenagers. The inquiry focuses on potential manipulation, exploitation, or undue influence AI companions may have on young users. The FTC seeks detailed information on companies’ safety evaluations, monetization strategies, data handling practices, and mitigation strategies. Concern stems from AI’s ability to simulate human-like interactions and the rise in loneliness, which may make vulnerable children susceptible to harmful interactions. The investigation follows reports of inappropriate chatbot conversations with children.

A public dispute erupted in China between influencer Luo Yonghao and Xibei restaurant founder Jia Guolong over Xibei’s use of pre-made dishes. Luo criticized Xibei’s practices on social media, prompting a strong response from Jia and a heated debate about food preparation transparency. Xibei responded by launching a “Luo Yonghao Menu” with a satisfaction guarantee and inviting customers to observe dish preparation. The controversy highlights the pressure on Chinese restaurants to balance efficiency with consumer demands for fresh ingredients and transparency.

Opendoor (OPEN) shares surged 50% after appointing Kaz Nejatian as CEO and Keith Rabois as Chairman, boosting investor confidence. The stock, up over 400% year-to-date, hit a 52-week high. The leadership change, following the previous CEO’s resignation due to investor pressure, is seen as a potential turnaround. Hedge fund manager Eric Jackson has actively supported Opendoor’s resurgence. Analysts are monitoring Opendoor’s ability to scale and manage inventory risk for long-term success.

Ant Digital Technologies introduced “Agentic Contract,” an AI-driven upgrade to smart contracts for its Jovay Layer2 blockchain, at the 2025 Inclusion·Bund Conference. Agentic Contracts enhance traditional smart contracts by integrating AI agents, enabling autonomous decision-making based on real-time data and logical reasoning. This evolution from pre-programmed automation to intelligent contracts aims to optimize asset flow and facilitate the tokenization of real-world assets (RWAs), supported by verifiable computing engines (TEE & ZKP) to ensure trust and reliability. Ant Digital emphasizes open collaboration to drive this Web3+AI innovation.

Huawei has issued a warning about recruitment scams targeting potential employees, especially students seeking internships. These scams offer services like guaranteed interviews or leaked exam questions for a fee. Huawei clarifies it doesn’t authorize third-party agencies to charge for job opportunities and its official career website and WeChat account are the only legitimate sources. The company emphasizes its free application process and advises candidates to be wary of unsolicited offers requiring payments to protect them from fraud and ensure fair hiring practices.