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Bill Ackman moves into Microsoft, with the size to be disclosed today

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Pershing Square has taken a new position in Microsoft, with the size to be disclosed in a 13F filing later on Friday. The stock is down roughly 16% year-to-date.

Bill Ackman has bought Microsoft. Pershing Square’s chief executive said on X on Friday morning that the fund had taken a new position in the software company after its recent share-price decline, with the size to be disclosed in a regulatory filing later in the day. 

Ackman’s stated rationale was that the market is mispricing the enterprise franchise rather than the AI one. Investors have underestimated Microsoft’s software ‘given its deeply embedded role across enterprises and highly attractive price-value proposition’, he wrote, framing the position as a quality-compounder bet on the installed base rather than a directional call on Azure capex.

The timing is the substance of the trade. Microsoft shares are down roughly 16% year-to-date and have traded near $413 since late April, when chief financial officer Amy Hood used the company’s fiscal Q3 results to raise full-year capital expenditure guidance to about $190bn, well above the roughly $155bn analysts had penciled in.

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The results themselves were a beat. Azure grew 40%, the AI run-rate hit $37bn, and total revenue cleared $82.9bn. The stock fell anyway, on what one widely circulated buy-side note called the $190bn capex plan that repriced AI.

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Ackman has run this play before this year. Pershing Square disclosed a new stake in Meta in February, three weeks after the latter’s own capex-driven sell-off, with Ackman describing the position at the time as a ‘deeply discounted valuation’.

The Microsoft entry follows the same shape: a megacap dragged lower by an AI-spending guide, framed by Ackman as an opportunity to buy a high-quality franchise at a temporarily de-rated multiple.

Funds running more than $100m are required to file Form 13F disclosures of US-listed positions within 45 days of quarter-end, which makes Friday a heavy day for hedge-fund reading.

Pershing Square’s last 13F, covering the December quarter, showed eleven positions and roughly $16bn in disclosed US holdings concentrated in Brookfield, Uber, Amazon, Alphabet and Meta. Microsoft did not appear. Today’s filing will show whether the firm has trimmed any existing names to fund the new one or sized it from cash.

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The trade also lands inside a wider AI-infrastructure debate. Hyperscalers have committed more than $650bn to AI capex across 2026, on the combined Q1 numbers from Microsoft, Alphabet, Amazon, Meta and Apple, and the market is now pricing the question of when, or whether, that spend converts cleanly into operating earnings.

Ackman is, in effect, arguing that Microsoft’s existing Office, Windows and Azure book of business is enough to clear the bar, separately from the AI optionality.

Microsoft’s deep integration of OpenAI’s models across Copilot, Azure and the developer stack has been the dominant narrative in the company’s repricing over the past three years (TNW has tracked the arc). The capex bill is the cost of holding that lead. Ackman’s bet is that the enterprise software business underneath it is being given less credit than it should.

Pershing Square has not disclosed the size of the position or the average purchase price. The 13F filing is expected later on Friday US time.

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ChatGPT Will Offer Personalized Financial Advice (If You Connect Your Bank Account)

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OpenAI is rolling out a preview of a new personal finance feature inside of ChatGPT. Starting today, Pro users in the US can connect their financial accounts to ChatGPT in order to get more personalized advice from the chatbot.

To hear OpenAI tell it, every month more than 200 million users already turn to ChatGPT for guidance on managing their money. By building a framework that allows those people to connect their accounts to its servers, ChatGPT can go from offering generic advice to helping those same users take actions that more directly improve their lives. The integration is made possible through a partnership OpenAI has signed with Plaid, which offers connections to more than 12,000 financial institutions, including banks like Citi and Chase, in addition to services like Affirm and Robinhood.

To begin using the new integration, find the “Finances” section inside of ChatGPT’s sidebar or write a prompt along the lines of “@Finances, connect my accounts.” ChatGPT will guide you through the process of importing your financial information through Plaid. The chatbot will then start building a visual dashboard, like the one you see in the screenshot OpenAI provided. The process of generating a visual representation of your finances may take a few minutes. From there, you can select one of the starter prompts or ask your own questions.

Understandably, some people may be hesitant to share their financial information with ChatGPT. OpenAI is looking to address those concerns by limiting the scope of what its chatbot can see. According to the company, ChatGPT can only read your balances, transactions, investments and liabilities through Plaid. It cannot see full account numbers or make changes to your accounts through the system.

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Additionally, the company says users can disconnect their financial accounts from ChatGPT at any time, and any memories the chatbot saves about your financial situation can be seen or deleted directly from the Finances section of the app. ChatGPT cannot access these memories when using the temporary chats feature. Lastly, OpenAI’s data controls settings apply to the new experience, so if you’ve already dug into those, your prompts and other information won’t be used by the company to train future models.

According to an OpenAI spokesperson, work on the feature began before the company’s recent acquisition of fintech startup Hiro, which offered an AI-powered financial planning tool for consumers. The company hopes to bring this new experience to more users, including Plus subscribers, in the future. “We’re starting with a preview to a smaller group so we can learn from real-world use, improve the experience, and expand thoughtfully,” OpenAI said.

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Hacking Hard Drive Firmware | Hackaday

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You probably flash new firmware on a variety of devices regularly, even though that’s rare for non-technical types. But what about your hard drive firmware? Most of us don’t want to touch our operating drives, so unless you are dealing with surplus drives or have a special project in mind, you may not think much about the firmware running your spinning rust storage. [I Code 4 Coffee] uses hard drives in an unusual way to exploit Xbox 360s, and wound up reverse engineering some drive firmware with an eye to making changes.

The analysis started with three hard drives and an SSD. Looking for people who’ve done similar work wasn’t as productive as you might think. There isn’t much call for modifying hard drive firmware, and what data there is can be outdated.

One thing that was available was firmware dumps taken with a PC-3000 data recovery tool. What follows is a deep dive down the hard drive rabbit hole. There are backdoor vendor commands and connections to the diagnostic RS-232 port on some drives. You can find the technical artifacts on GitHub.

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We learned a few things, and we bet you will too. Another way to get into the hard drive’s firmware is via JTAG.

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4 Cool Perks You Didn’t Realize Came With Owning A Ford

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Given the upfront cost of a car, some of the biggest car brands have been known to hand out perks as added incentives to buy. And before you figure you’ve heard it all before, these special offers go beyond the standard checklist of benefits (like a warranty or free roadside assistance options). Like Ford, for example. When you drive off the lot in one of their vehicles, Ford tacks on several nice little bonuses you might not even realize you have.

Some of these perks are meant to save you time. Others are meant to save you money. No matter what, though, they all make owning a Ford just that much sweeter. We’ve put together the four coolest below, plus instructions on how to make the most of them (if you haven’t already). Pick one or two to take advantage of, or get your money’s worth and start enjoying all four.

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1. Complimentary Pickup & Delivery service

It’s one of the biggest hassles associated with vehicle maintenance: actually getting the car to the dealership. Ford seems to understand this, as many of their dealerships offer a complimentary Pickup & Delivery service. Instead of rearranging your entire day around an oil change or warranty repair, you can just schedule a service appointment at the dealership and have your vehicle picked up directly from your home or office.

A technician will pick up your car from your place, take it to the dealership for servicing, and bring it back once the work is done. If your local dealership is participating, it’s all done completely free of charge. (Although you still have to pay for the repair and parts costs, of course.) The program covers both warranty work and customer-pay repairs. As long as your car’s drivable and hasn’t been involved in an accident, you can take advantage of Pickup & Delivery.

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2. Complimentary Mobile Service program

Alongside the Pickup & Delivery perk, Ford’s complimentary Mobile Service program makes dealership maintenance even easier. Rather than having to drive to the service center (or have the Ford dealership come pick up the car and bring it back), Ford Mobile Service will send a dealership technician straight to your home or work. The tech will then handle the on-site maintenance tasks.

The service itself is totally complimentary for Ford owners through participating dealerships. (As mentioned above, you still have to pay for the actual maintenance task itself.) The list of services available through Ford Mobile Service is a lot more extensive than you might expect, as well. They can do oil and filter changes, brake services, battery replacements, tire rotations, wiper replacements, fluid checks, filter replacements, lamp and bulb service, software updates, accessory installations, and diagnostic scanning, all right there in your driveway or parking spot.

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3. Phone As A Key feature

Another nice perk of owning a Ford: The “Phone As A Key” feature in the FordPass app. This perk lets owners of select Ford vehicles use their smartphone in place of a traditional key fob. Once you’re paired with your vehicle, you can lock and unlock the doors, start the engine, and control several other functions directly through the app. You can also roll windows up or down, honk the horn, and open the trunk, no separate physical key required.

It’s all done via Bluetooth Low Energy, which means it’ll work within a range of roughly 30 to 50 meters. Passive entry functions specifically will only work within about two meters. (That’s nothing out of the ordinary for other keyless entry systems you might’ve used before.) All in all, Ford lets you pair up to four Phone As A Key setups per vehicle. As long as you have iOS 16 or later or Android 8.0 or later, you can store your car keys on an iPhone or Android.

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4. Free service visits with points

If you own a Ford, you might not realize you’re sitting on a heap of rewards points. Ford owners receive tens of thousands of points for getting the car in the first place, then add to that grand total with maintenance visits, accessory purchases, and other Ford transactions. More specifically, it’s 31,000 points for gas, diesel, or hybrid vehicle purchases or leases, or 22,000 for an EV purchase.

For many drivers, those many points can cover your first few oil changes. Depending on your driving habits and service intervals, that could be the first year and a half to two years of ownership. (This writer was personally able to stretch it to two years.) Of course, you don’t have to spend them on that. Points can also be redeemed for accessories and connected services like Ford BlueCruise. It’s not unlike airline rewards systems, in a way: It pays you to stay within Ford’s broader service ecosystem.

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This robot changes tires faster than any mechanic, without even removing the wheel

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Boston-based robotics startup Automated Tire this week unveiled an AI-powered robotic tire-changing platform called SmartBay that can not only change tires, but also do associated tasks, such as wheel balancing and vehicle inspections. The robot uses computer vision and machine learning to perform the tasks and does not need any…
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I’m about to spend another 100 hours playing The Sims 4 because of this new Bridgerton DLC

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  • A new The Sims 4 bundle inspired by the Netflix Bridgerton series is now available
  • The Masquerade Ball Bundle is limited time and includes the Masquerade Ball Fashion Kit and Masquerade Ballroom Kit
  • A free, four-week event with new rewards has also kicked off

EA has released two new The Sims 4 kits inspired by the hit Netflix romance series Bridgerton.

The Masquerade Ball Bundle is available May 14 across all platforms and features two kits: the Lady Bridgerton’s Masquerade Ball Fashion Kit and Lady Bridgerton’s Masquerade Ballroom Kit.

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AMD keeps gaining on Intel in servers, but desktop PCs tell a different story

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Mercury Research’s Q1 2026 numbers show AMD reaching 46.2% of x86 server CPU revenue, a new record for the company. Its server unit share climbed to 33.2%, underlining how Epyc continues to gain traction in cloud, enterprise, and AI infrastructure deployments.
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Companies Keep Slashing Employees’ Benefits for the Worst Reasons

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Employee benefits are in the spotlight this week, and that’s because of three recent stories about US companies cutting back on non-wage compensations for workers.

A Texas tech consulting firm with a forgettable name—TTEC—suddenly became a lot more memorable when it suspended its discretionary 401(k) match program for 16,000 employees through at least the end of 2026. According to Business Insider, which viewed an internal TTEC memo, the company plans to invest in AI certifications, AI tools and training, and automation, among other things.

The auditing and consulting giant Deloitte is also reportedly slashing benefits for some workers starting next year. This includes reducing PTO, halving parental leave, and eliminating a $50,000 reimbursement for family planning services such as adoption, surrogacy, and IVF. San Francisco-based Zoom, meanwhile, has made a smaller-scale change and reduced its parental leave for employees from 22 weeks to 18 weeks for birthing parents.

So what’s the driving force behind this? And are there more cuts to come? The latter is impossible to answer, and the former is unfortunately more complicated than “corporate ghouls go AI.”

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First off, “what Deloitte did is completely unconscionable,’” says Joan C. Williams, a professor at UC Law San Francisco, the author of several books on work culture and class dynamics, and an oft-cited scholar on these topics. The consulting firm is cutting the benefits of a specific class of internal workers—in admin, IT support, and finance—while leaving intact benefits for people in client-facing roles. An affected worker will see their parental leave cut from 16 weeks to just eight weeks.

“It treats people differently based on the type of job they’re in, and cutting any mother down to eight weeks of paid leave is just outlandish,” Williams says. “When labor is tight, employers are more generous. But once the power shifts, the benefits contract.”

AI certainly is a convenient excuse these days for any corporate decision that harms workers. But the impetus here is also the cost of the benefits themselves. Earlier this year subsidies from the Affordable Care Act lapsed, and people began dropping out of health care plans entirely. Insurers have cited this as one reason they’ve raised premiums.

Sarahjane Sacchetti, a former top executive at benefits administration companies Cleo and Collective Health, who is working on a new health care initiative, told me that the costs of employer-sponsored health plans have increased significantly over the past five years. A survey last year of over 1,700 US employers by the Mercer health care consulting group found that the health care cost per worker was expected to rise on average 6.5 percent in 2026, the highest since 2010. And this was after factoring in cost-reduction measures; otherwise, the cost of a plan would go up by nearly 9 percent.

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“This just starts to eat into how you think about total compensation as an employer,” Sacchetti says. That doesn’t mean the corporation is the ‘good guy,’ she says, but the poor state of American health care policy and lack of safety net are responsible for a lot of the stress that plagues undercompensated or laid-off workers.

Williams points out that the US is one of the few countries that doesn’t offer a federal paid maternal leave—putting it in league with Papua New Guinea and Suriname. “This just shows how crazy it is to provide employee basics like pension and paid parental leave through private employers rather than how other industrialized countries do it,” Williams says. Her proposed solution? “The US needs to join the rest of the universe.”

The irony, of course, is that the US government professes to be obsessed with women having more babies. If women in the US are—as celebrity doctor Mehmet Oz put it this week in the Oval Office—“underbabied,” a comprehensive paid federal leave policy would be the obvious place to start. (Oz also said that “making babies” is “the most creative thing the universe knows.” Don’t tell the AI CEOs.)

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Claude Mythos turns years of security research into 20-hour AI exploits

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When Anthropic announced Claude Mythos Preview on 7 April 2026, the response went well beyond the cyber security community.

Finance ministers discussed it at the IMF. The Bank of England governor said it had to be taken very seriously . The UK Government wrote an open letter to every business leader in the country.

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This New Gemini Is Not the Siri We Need

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Something felt off when I watched Google’s Android AI presentation this week. My colleague Andrew Lanxon summed up the issue perfectly: All of Google’s AI use-case examples revolved around spending large sums of money on shopping and travel, making the presentation — in his words — a “salute to rampant capitalism.”

But this Google gaffe isn’t just an Android-user issue, as Gemini could influence the future of Siri. Apple partnered with Google to build a better Siri, and whatever Apple shows off next will be built with the aid of Gemini’s models and programming. So in this week’s episode of One More Thing, embedded below, I examine the good and bad of the new Gemini Intelligence, and how it might mesh with what we want from Apple Intelligence.

Unless you like ordering food, spin classes and concert tickets with AI, not much of what’s new from Gemini will impress. (There were even some voice commands I could already do from my iPhone easily, like finding late-night pizza joints.) Still, I’ll admit there were two new Android features that could give iPhone owners a little Android envy. 

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Spoiler: Booking Costa Rican coffee and chocolate tours for a party of six was not one of them.

For more One More Thing, subscribe to our YouTube page to catch Bridget Carey breaking down the latest Apple news and issues every Friday.

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Engadget Podcast: Who Needs Googlebooks?

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As usual, Google delivered much of its consumer-focused news this week during the Android Show, ahead of its I/O developer conference. We’ve gotten a closer look at Android 17, which will sport a slew of new Gemini AI integrations, including some new agentic upgrades. The company also officially announced Googlebooks, its latest line of laptops built around AI features and Android interoperability. It looks like a major evolution on the concept of Chromebooks, though Google says those won’t be going anywhere.

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Topics

  • What’s new at The Android Show: Googlebooks, Gemini Intelligence, and file sharing with iOS – 1:25
  • eBay rejects Gamestop’s offer as “not credible or attractive” – 32:18
  • U.S. cell carriers form a joint venture to fix service dead spots – 33:41
  • OpenAI sued by spouse of FSU shooting victim, who used ChatGPT to plan shooting spree – 38:44
  • Apple is making the iOS Camera app more customizable – 44:06
  • RIP Rufus, we hardly knew ye: Amazon dubs Alexa its new shopping assistant – 44:58
  • Around Engadget – 47:14
  • Working on – 49:26
  • Pop culture picks – 51:15

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Credits

Hosts: Devindra Hardawar and Igor Bonifacic
Producer: Ben Ellman
Music: Dale North and Terrence O’Brien



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