[5/7 04:00] Moonshot AI Kimi $20B Meituan-led / EU AI rules watered-down provisional deal

AI News Flash for May 07, 2026 at 04:00 UTC. Topics: 1. Moonshot AI Kimi $20B Meituan-led https://www.bloomberg.com/news/articles/2026-05-07/kimi-chatbot-maker-moonshot-ai-valued-at-20-billion-in-meituan-led-round 2. EU AI rules watered-down provisional deal https://www.reuters.com/world/eu-countries-lawmakers-strike-provisional-deal-watered-down-ai-rules-2026-05-07/ 3. Trump aide says administration won't pick winners in AI race https://www.bloomberg.com/news/articles/2026-05-07/top-trump-aide-says-administration-won-t-pick-winners-in-ai-race 4. Google AI Search uses social media posts as experts https://www.mediapost.com/publications/article/414885/google-ai-search-turns-to-social-media-posts-for.html