California-based Span, in partnership with Nvidia, has deployed prototype data center “nodes” in Northern California. https://bit.ly/4eQA1s4

Bonds sold off sharply around the world on Friday as investors braced for persistently elevated inflation amid the ongoing energy crisis. https://bit.ly/4uhG4e2

California Gov. Gavin Newsom blasted President Donald Trump and his policies, including in his budget presentation a photo depicting the president and Treasury Secretary Scott Bessent as characters in the movie “Dumb and Dumber.” https://bit.ly/42z0F1h

The five fastest-growing cities in the United States are all in Texas, according to new Census Bureau data.https://bit.ly/4fuEC38

Everyone from Washington, D.C. to Washington state knows that President Trump wants lower interest rates—but the argument for cutting is only getting more difficult to sell. https://bit.ly/48Yby0c

A federal jury has awarded $49.5 million to the family of a 24-year-old global nonprofit worker killed in the 2019 crash of a Boeing 737 Max jet. https://bit.ly/4dpG58x

CIA Director John Ratcliffe met with Cuban officials including Raúl Castro’s grandson during a high-level visit to the island Thursday, Cuban and U.S. officials said. https://bit.ly/4dnoJsH

Pope Leo XIV on Thursday denounced how investments in artificial intelligence and high-tech weaponry were leading the world into a “spiral of annihilation". https://bit.ly/4tHzkVJ

71% of U.S. adults oppose the construction of an AI data center in their local area, while only 53% opposed a nuclear energy plant, per a Gallup survey. https://bit.ly/4ww0zFj

“This continues to be a major economic shock, one of honestly an existential nature,” said Economy Minister Amer Bisat. https://bit.ly/4dLypyB

OpenAI is reportedly considering taking legal action against the iPhone maker over Apple’s integration of OpenAI’s ChatGPT chatbot within its Siri virtual assistant. https://bit.ly/4383F4L

Jensen Huang is trying some of Beijing’s delicacies — the good, and others which may be more of an acquired taste. https://bit.ly/4dmquX7

In 2024, Cerebras filed to go public. Yesterday, Cerebras hit the public markets—and its first day stock pop certainly reflected Nvidia-mania, with shares rocketing 70% by market close. https://bit.ly/43eITAo

Democratic leaders, desperate to compete in red states, are embracing something new this midterm season: not backing Democrats. https://bit.ly/3PEGw6W

State Farm just launched its “Next Gen Good Neighbor” offering, an AI-powered tool that makes it easier for customers to file claims. Read more of the #CEODaily newsletter: https://bit.ly/4uOZaI8

In 2004, Petaluma Creamery shut down after 91 years of continuous operation. Larry Peter came down to buy a cream separator and ended up buying the whole facility. He built it into something extraordinary. https://bit.ly/4uTWclS

“You have to have delusional amounts of belief and faith to dream beyond your wildest dreams,” said Queen Latifah in a commencement speech at North Carolina A&T State University. https://bit.ly/42G0XTY

“I hear a lot of employees being like ‘Hey, we’re really worried about the environmental impacts of using AI in our work, so how do we use more responsibly?’” said Sasha Luccioni, cofounder of Sustainable AI Group. https://bit.ly/3RaoD0o

“The Strait of Hormuz is the most important shipping channel for the export of urea fertilizer in the world,” said Yara chief executive, Svein Tore Holsether. Read more of Kamal Ahmed's Letter from London: https://bit.ly/439h0d4

Anthropic’s Claude is telling people to go to sleep and users can’t figure out why. https://bit.ly/3Pg9ji5

"In the past nine months, the United States has produced more AI legislation than in the prior decade," write Jeff Sonnenfeld, Gary Marcus, and Stephen Henriques in a commentary piece for Fortune. "No clear path forward has emerged at any level." https://bit.ly/4tzBeYg

“We have been operating within India for a long time, so we know the market and how difficult it feels,” said Singapore Airlines CEO Goh Choon Pong. https://bit.ly/3PmFpZy

“Between the energy, the physical infrastructure, the data centers, the reindustrialization—something very powerful [is] happening,” said Jon Gray, president and COO at Blackstone. https://bit.ly/4wNnign

“One year into the Trump administration’s campaign against nonprofits, these organizations are facing enormous and unprecedented pressures,” Center for Effective Philanthropy Vice President Elisha Smith Arrillaga said. https://bit.ly/49ICpgP

PayPal will waive $30 million in processing fees for $1 billion in small business transactions as part of a new settlement with the Department of Justice (DOJ) signed on May 12. https://bit.ly/4dnmqG7

More than half of U.S. workers — 53%, according to a new Glassdoor poll of over 1,300 professionals — say they have paused their job search entirely to protect their mental health. https://bit.ly/4dqgAnB

Panthalassa, a U.S.-based start up betting on ocean waves to power a fleet of floating data centers, announced $140 million in funding earlier this month led by Peter Thiel. https://bit.ly/3R5hFtv

Meta will receive $3.3 billion in tax breaks to build a data center in Louisiana, according to a Sherwood News analysis— enough money to fund the entire state’s police budget for more than seven years, according to the report. https://bit.ly/4ubtr3Y

Senators unanimously approved a resolution Thursday to withhold their pay during government shutdowns. https://bit.ly/3RGecl9

Kevin Warsh, a former top Fed official, was confirmed Wednesday in a largely party-line 54-45 vote and will replace Jerome Powell as chair at an unusually difficult time for the independent agency. https://bit.ly/3OYEsqg

Federal Reserve Governor Stephen Miran said he will resign from the central bank effective once incoming Chair Kevin Warsh is sworn into office, or shortly before. https://bit.ly/4eO0xSL

One of Europe’s central banks announces that it is moving its essential cloud services away from the tried and trusted U.S. giants of Google, Amazon, and Microsoft to a company more famous for selling bargain groceries. Read more of Kamal Ahmed's Letter from London: https://bit.ly/4eMc0SO

Efforts to unseat British Prime Minister Keir Starmer broke out into open rebellion Thursday, with one potential rival resigning from the Cabinet and another clearing the way for her to enter any future leadership contest. https://bit.ly/4dHYtuv

China’s Xi Jinping warned President Donald Trump on Thursday that their two countries could clash over Taiwan if the issue was not handled properly. https://bit.ly/4uR27bq

“Nothing made growing wealth seem accessible or human,” zillennial finance content creator Haley Sacks (better known as Mrs. Dow Jones) said. “I really wanted to find the Beyoncé of finance, and I couldn’t.” https://bit.ly/4d8pWFz

Cerebras Systems Inc. shares surged more than 100% above their IPO price when trading opened Thursday, in a blockbuster debut that underscored investors’ intense appetite for AI infrastructure companies. https://bit.ly/4ualnjT

Instead of trying to catch candidates out with a trick question or quizzing them on the latest iPhone, Steve Jobs wanted to know something much simpler: Would he actually enjoy grabbing a beer with them? https://bit.ly/4wyzBNm

The U.S. has run into recessions with a messy fiscal situation before, but never this bad, according to Apollo chief economist Torsten Slok. https://bit.ly/4ubUV9C

Globally, CFO hiring is starting to cool. But CFO retirement is fueling turnover. https://bit.ly/4tDwaSK

Cisco's shares jumped upwards of 19% to $122 in after-hours trading Wednesday after the San Jose networking icon posted its third-quarter earnings report. https://bit.ly/4uRSx8e

The Clarity Act, a landmark bill that would create a U.S. regulatory framework for the crypto industry, is set to undergo a Senate committee markup starting Thursday. https://bit.ly/4nquESu

Software-as-a-service company HubSpot says 100% of engineers are using AI in their workflows, which the company notes has resulted in a 73% increase in the lines of code updated by its engineers. https://bit.ly/4u9yMsu

624,915 new companies registered in a single month—an all-time high— according to a new business formations report. https://bit.ly/4uR0ydy

"Washington seems to be addicted to deficit financing and the accumulation of an ever-increasing mountain of debt," writes Steve Hanke and David Walker in a commentary piece for Fortune. bit.ly/43btLUo

"I thought that what we needed [was] to have something working like a lighthouse, in order that all the people could turn their eyes to Paris," said Maurice Lévy, who led Publicis for thirty years. Read more of Kamal Ahmed's Letter from London: https://bit.ly/4dn4mfb

Defense startup Furientis emerged from stealth with $5 million in pre-seed funding, Fortune learned exclusively. https://bit.ly/4wtWhhy

About 70,000 Americans died of drug overdoses last year — about 14% fewer than the previous year, according to preliminary government data. https://bit.ly/4ubRmAs

In the first week of May, two data center developments, one in Arizona and another in Georgia, were caught taking public water without authorization. https://bit.ly/3PC4boA

Anthropic has released new findings on why its Claude bot blackmailed users as part of an experiment conducted by the AI company last year—and Elon Musk is jumping in to take some of the blame. https://bit.ly/42ytQBp

David Venturella, a former executive at a private prison operator, will serve as the acting head of U.S. Immigration and Customs Enforcement after the agency’s current leader steps down at the end of the month. https://bit.ly/3RmjZMC