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# The AI Reckoning (Good, Bad, and Papal), Regulators, Unions, and Other Party Crashers, Exits, Pivots, and One Very Expensive Car
- URL: https://adjacent.media/scan/2026-05-27-am/
- Published: 2026-05-27T10:10:54.000Z
- Updated: 2026-05-27T10:10:54.000Z
- Description: The post-Google I/O hangover is settling in, and the picture is messier than the keynote suggested. Regulators are circling, a pope is weighing in, and Jony Ive designed a Ferrari that starts at $640K.
- Author: Jonathan Greene
- Tags: #scan-am, #scan

The post-Google I/O hangover is settling in, and the picture is messier than the keynote suggested. Regulators are circling, a pope is weighing in, and Jony Ive designed a Ferrari that starts at $640K.

> **$2B** — The US government's quantum computing investment push may be legally shaky, per Ars Technica's read of the underlying authority. *(Ars Technica)*

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### Machines & Minds

#### [Nvidia Earnings, The AI Stack, Nvidia's New Reporting](https://stratechery.com/2026/nvidia-earnings-the-ai-stack-nvidias-new-reporting/?ref=adjacent.media)

Nvidia restructuring its reporting to separate hyperscaler sales from everyone else puts the commoditization question directly on the table. *(Stratechery)*

#### [Pichai Says Google Is 'A Bit Behind' On Agentic Coding](https://www.searchenginejournal.com/pichai-says-google-is-a-bit-behind-on-agentic-coding/575781/?ref=adjacent.media)

Rare candor from a CEO at his own conference, and the kind of admission that tends to accelerate acquisition chatter. *(Search Engine Journal)*

#### [Google's Intelligent Search Box](https://mjtsai.com/blog/2026/05/25/googles-intelligent-search-box/?ref=adjacent.media)

"The era of the ten blue links is officially over" — either a triumphant product moment or an admission that Google is eating its own ad business. *(Michael Tsai)*

#### [The Pope Takes On AI](https://open.substack.com/pub/bigtechnology/p/the-pope-takes-on-ai)

Pope Leo XIV warned that the AI boom risks concentrating too much power in Big Tech's hands — a systemic critique with a track record of aging well. *(Big Technology)*

#### [SoftBank's Shares Hit Record High With Lift From OpenAI IPO Hopes](https://www.bloomberg.com/news/articles/2026-05-25/softbank-shares-hit-record-high-with-lift-from-openai-ipo-hopes?ref=adjacent.media)

Markets are already pricing in an OpenAI IPO windfall for SoftBank — a bold bet on a timeline nobody has confirmed. *(Bloomberg)*

### Connected World

#### [EU Reportedly Plans to Fine Google Over Search Practices](https://siliconangle.com/2026/05/25/eu-reportedly-plans-fine-google-search-practices/?ref=adjacent.media)

A "high triple-digit million euro" fine is coming — which, at Google's scale, lands closer to a rounding error than a deterrent. *(SiliconANGLE)*

#### [Cox Media Fined After Bragging It Spied on Users Through Their Phones](https://www.theverge.com/policy/937027/cox-media-marketing-ai-powered-phone-spying-ads-ftc-fine?ref=adjacent.media)

The $930K FTC settlement is almost beside the point. These firms marketed phone-mic surveillance as a product feature. *(The Verge)*

#### [Ride-Share Drivers in Massachusetts Formally Unionize](https://www.nytimes.com/2026/05/25/business/uber-lyft-app-drivers-union-massachusetts.html?ref=adjacent.media)

The first formally certified gig-worker union in the US is a genuine precedent, and Uber and Lyft's legal teams are presumably already very busy. *(NYT)*

#### [Spain Blocks Polymarket and Kalshi Over Missing Gambling Licences](https://thenextweb.com/news/spain-blocks-polymarket-kalshi-gambling-licence?ref=adjacent.media)

Prediction markets are learning what crypto learned a decade ago: European regulators will block first and ask questions later. *(The Next Web)*

#### [US's Big Bet on Quantum Computing May Not Be Entirely Legal](https://arstechnica.com/tech-policy/2026/05/uss-big-bet-on-quantum-computing-may-not-be-entirely-legal/?ref=adjacent.media)

The $2B quantum push may have bypassed congressional appropriations authority — a procedural problem that could unwind the whole thing. *(Ars Technica)*

### Connected World

#### [Dropbox After Drew](https://open.substack.com/pub/sourcesnews/p/dropbox-after-drew)

Drew Houston's exit from Dropbox closes a chapter on a company that was once the defining cloud-storage story and is now a footnote in the AI productivity stack. *(Sources News)*

#### [Ferrari Reveals $640,000 EV Co-Designed by Jony Ive](https://www.macrumors.com/2026/05/25/ferrari-luce-jony-ive-photos/?ref=adjacent.media)

Jony Ive's post-Apple design career is on a different tax bracket, and the Luce is the most expensive proof of concept the design world has seen. *(MacRumors)*

#### [Workers At TheGamer Say Site's New Pay-Per-Session Contract Is 'Heartbreaking'](https://aftermath.site/the-gamer-valnet-pay-per-session-contract/?ref=adjacent.media)

Valnet rolling out pay-per-session contracts across its games media portfolio shows where AI-squeezed content economics are heading. *(Aftermath)*

#### [Iran Orders Reopening of International Internet Access After 87-Day Blackout](https://www.reuters.com/world/middle-east/irans-president-orders-reopening-international-internet-access-state-media-2026-05-25/?ref=adjacent.media)

Eighty-seven days is a long time to run a country's economy on a domestic intranet. The reconnection will be as revealing as the shutdown was. *(Reuters)*