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San Francisco on April 4, 2023, around 2 in the morning, a man was found stabbed multiple times on a sidewalk in downtown San Francisco.

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Hey, who did this to you?

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What happened next turned the story into a political firestorm.

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Reports have identified the victim as Bob Lee, the founder of Cash App.

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From Bloomberg Podcasts, this is Foundry, the killing of Bob Lee beginning April 16th.

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Welcome to the Tech We Write home for Tuesday, May 5, 2026. I'm Brian McCullough. Today the Trump administration is considering an executive order to form an AI oversight working group, a stark reversal from a Tier four hands off approach. Apple is exploring using intel and Samsung to make chips in the U.S. coinbase cut 14% of its workforce, and OpenAI is fast tracking an AI phone for next year. And here's what you missed today in the world of tech. Today's episode is brought to you by Doppel. Disguises are getting pretty good these days, and I'm not just talking about when you throw on a pair of glasses and a hoodie and hope you won't be recognized. We're talking about the kind of disguises that end up in your inbox, on your phone or on the web, blending in as your everyday internal email, casual text messages or normal website. Doppel strengthens team resilience by giving employees the tools and defenses they need to protect themselves from increasingly sophisticated social engineering threats. Their digital risk protection takes it one step further by keeping an eye on every channel to connect patterns and shut them down fast. From deepfakes to bad links to impersonation attempts, Doppel helps you stay ahead of these threats with their AI native social engineering defense platform. Learn more at D o p e l.com that's.p p e l.com potential big shift for the AI ecosystem sources say the Trump administration is discussing an executive order to form an AI working group that would examine AI oversight procedures like vetting models before their release, quoting the Times. President Trump, who promoted a hands off approach to artificial intelligence and gave Silicon Valley free reign to roll out the technology, is considering the introduction of government oversight over new AI models, according to U.S. officials and people briefed on the deliberations. The administration is discussing executive order to create an AI working group that would bring together tech executives and government officials to examine potential oversight procedures, according to U.S. officials who decline to be identified in order to discuss deliberations over sensitive policies. Among the potential plans is a formal government review process for new AI models. In meetings last week, White House officials told executives from anthropic Google and OpenAI about some of these plans, people briefed on the conversation said. The working group is likely to consider a number of oversight approaches, the official said, but a review process could be similar to one being developed in Britain, which has assigned several government bodies to ensure that AI models meet certain safety standards. People in the tech industry and the administration said the discussions signal a stark reversal in the Trump administration's approach to AI. Since returning to office last year, Mr. Trump has been a major booster of the technology, which he has said is vital to winning the geopolitical contest against China. Among other moves, he swiftly rolled back a Biden administration regulatory process that asked AI developers to perform safety evaluations and report on AI models with potential military applications. We're going to make this industry absolutely the top because right now it's a beautiful baby that's born, Mr. Trump said of AI at an event in July. We have to grow that baby and let that baby thrive. We can't stop it. We can't stop it with politics. We can't stop it with foolish rules and even stupid rules, end quote. Mr. Trump left room for some rules, but he added that they have to be more brilliant than even the technology itself, end quote. But Mr. Trump has increasingly found himself isolated on the issue of AI as public concerns mount about the threat that the technology poses to jobs, energy prices, education, privacy and mental health. Democrats and Republicans have found common ground on the topic. A Pew Research center poll last year found that 50% of Republicans and 51% of Democrats said they were more concerned than excited about the increase of AI in daily life. The non interventionist policy also began changing last month after the startup Anthropic announced a new AI model called Methos is so powerful at identifying security vulnerabilities in software that it could lead to a cybersecurity reckoning, said Anthropic, which declined to release the model to the public. The shift on AI has sowed confusion as conversations between the White House and tech companies continue. Some executives have argued that too much government oversight will slow down US Innovation against China, the people said that were briefed on the discussions. But the companies also do not agree on how the United States should move forward with potential regulation. The technology is moving extremely fast and there are few formal procedures, but they also don't want to overregulate, said Dean Ball, who was a senior advisor on AI in the Trump administration before leaving last year for the foundation for American Innovation. It's a tricky balance. The headline for this segment would be what if Apple turns to Intel Again? Kind of quoting Bloomberg. Apple has held exploratory discussions about using intel and Samsung to produce the main processors for its devices in the U.S. a move that would offer a secondary option beyond longtime partner Taiwan Semiconductor Manufacturing Co. The iPhone and iPad maker has had early stage talks with intel about enlisting the company's chip making services, according to people familiar with the deliberations. Meanwhile, Apple executives have made visits to a Samsung plant under development in Texas that will also make advanced chips. Neither effort has resulted in any orders so far, and the work with both suppliers remains preliminary, according to the people, who asked not to be identified because the talks are private. Apple has concerns about using non TSMC technology and may not ultimately move forward with another partner, the people added. Intel shares soared as much as 12% to a fresh record in New York on Tuesday, their biggest intraday gain in nearly a week. They were up 10% at $105.42 at 9:48am New York time. The stock has gained more than 180% this year, adding well over $340 billion to the company's market valuation. For more than a decade, Apple has designed the main processors, known as systems, on a chip that power its devices and relied on TSMC to build them using the most advanced production process in Taiwan. The latest iPhones and Macs use what is known as the 3 nanometer fabrication node. But not even Apple, one of the largest purchasers of silicon, is immune to supply chain disruptions. Recent shortages have been driven by the massive buildout of AI data centers and higher than anticipated demand for Macs suitable for running AI models locally. That in part highlights the need for Apple to consider additional suppliers. But finding backup suppliers is no easy feat. Intel and Samsung can't reliably offer the type of production and scale that's turned TSMC into the dominant made to order chip manufacturer and one of Apple's most critical supply chain partners. For intel, finding external customers for chip production is a key piece of a comeback plan. Under CEO Lip Bhutan, the company remains in the early stages of trying to line up clients for its so called foundry business after past false starts. Landing Apple as a customer would represent a massive win for Tan and potentially help attract additional new business. Samsung has had more success in this area, but it too has struggled to keep pace with TSMC and remains a distant second in foundry markets. Samsung would benefit greatly from endorsement by Apple, a company it competes with in smartphones and other sectors. Apple prefers to have at least two suppliers for any major component, giving it leverage in pricing negotiations and protection from supplier disruptions. For instance, it relies on several different manufacturers for the screens used across its product lineup. Apple has worked closely with TSMC to help expand operations in Phoenix, where the supplier now produces a limited number of chips for Apple from a single plant. It's ramping up work quickly for Apple, which said it will get 100 million chips from Arizona in 2026. That number would only cover a sliver of Apple's overall annual device shipments, and executives remain concerned about potential disruption to supply if China were to invade Taiwan. End quote. More layoffs getting blamed on AI Quoting Reuters Coinbase said on Tuesday it would cut about 700 jobs, or about 14% of its global workforce, as it trims costs amid crypto market market volatility and repositioning the business for the artificial intelligence era. CEO Brian Armstrong cited rapid advancements in artificial intelligence, saying new tools were allowing non technical teams to ship, code and automate tasks with smaller, focused teams. Shares of coinbase were down 1.6% in early morning trading. The Coinbase job cuts reflect both the underperformance of its shares and the drop in crypto trading volumes. Coin Bureau co founder Nick Pukrin said said ongoing uncertainty around stablecoin yields under the Clarity act had hit sentiment hard, noting they are a key part of Coinbase's business. Coinbase remained well capitalized for long term growth, but current market conditions require it to streamline operations and emerge leaner ahead of the next crypto cycle, armstrong said in a blog post. April trading activity across digital asset exchanges has slowed, Jefferies analyst Daniel T. Fannin said in a note, adding that the weak start had set the second quarter on a softer footing. Coinbase said affected employees will receive severance and transition support, including a minimum of 16 weeks of base pay for US staff and an additional two weeks per year of service, their next equity vesting and six months of healthcare coverage. Coinbase has previously undertaken rounds of job cuts during downturns in the crypto market, underscoring the sector's sensitivity to trading activity and investor sentiment. Sure, AI is everywhere, but that doesn't mean enterprise value is a given. In a recent survey, PwC found the amount of CEOs who reported revenue gains or cost reductions from AI is nearly equal to the amount who say they're still stuck. So what's causing the issues? PwC boiled it down to Clarity. Leaders aren't clear about what's hype, what's reality, or where AI can actually create measurable impact. To help change that, PwC is offering their AI expertise and data. They explore how to tune out noise around AI and get clarity on what successful adoption looks like. Learn from the experts by heading to pwc.com us brewai that's pwc.com us brewAI