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Techmeme

Sources: the Pentagon is pursuing funding deals with US drone companies, potentially with equity stakes, to increase domestic production and lower unit costs (Wall Street Journal)

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Last.fm announces it is an independent company again, 19 years after being acquired by CBS; it plans to keep its current team and continue the service as normal (Mariella Moon/Engadget)

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Kuaishou reports Q1 revenue up 3.4% YoY to ~$5B and Kling AI revenue up 300%+ YoY to ~$96M; Kling reached a ~$500M annualized revenue run rate in March 2026 (Coco Feng/South China Morning Post)

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The CFTC files alongside Gemini to nullify Gemini's $5M settlement in January 2025, arguing that the agency's current management wouldn't have pursued the case (Jesse Hamilton/CoinDesk)

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Filing: Amazon will acquire Apple's 20% stake in Globalstar as part of its acquisition of the satellite provider and create a subsidiary to conduct the merger (Michael Kan/PCMag)

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SoFi says SoFiUSD, its US dollar-pegged stablecoin on Ethereum and Solana, is now available for members to buy, sell, hold, and convert within the SoFi app (Brian Danga/The Block)

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Mark Zuckerberg tells shareholders that a Meta cloud computing business is "definitely on the table" if it overspends on data centers and has excess capacity (Jonathan Vanian/CNBC)

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Illinois Legislature passes SB 315, a bill requiring annual independent third-party safety audits of leading AI companies; the bill heads to the governor's desk (Jared Perlo/NBC News)

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The US DOD announces a $9.7B five-year deal with Dell to provide Microsoft 365, advanced cloud subscriptions, and on-premises licensing to the US military (Garrett Downs/CNBC)

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US prosecutors charge Google engineer Michele Spagnuolo with using inside information to make $1.2M on Polymarket bets about Google's Year in Search results (ABC News)

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Sources: Uber has increased its stake in Delivery Hero to ~37% by acquiring Aspex Management's 14.6% share at a €12B valuation, after a takeover offer last week (Financial Times)

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HP reports Q2 revenue up 9% YoY to $14.4B, vs. $14B est., Personal Systems revenue up 13% to $10.2B, and forecasts Q3 adjusted EPS above estimates (Dina Bass/Bloomberg)

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Salesforce reports Q1 revenue up 13% YoY to $11.13B, vs. $11.05B est., Agentforce annual recurring revenue up 205% to $1.2B, and forecasts Q2 revenue below est. (Jordan Novet/CNBC)

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Snowflake reports Q1 revenue up 33% YoY to $1.39B, vs. $1.32B est., and commits to spending $6B on AWS over five years; SNOW jumps 35%+ after hours (CNBC)

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The UK's GCHQ head says the UK and allies have a "narrowing window" to counter cyber threats from China and Russia, as Russia intensifies "daily" hybrid warfare (Chloe Taylor/CNBC)

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Amazon MGM Studios announces the GenAI Creators' Fund, greenlights three AI animated series for Prime Video, and launches an AI production platform with AWS (Todd Spangler/Variety)

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Valve raises Steam Deck OLED prices due to "rising memory and storage costs"; the 512GB model is now $789, up from $549, and the 1TB model is $949, up from $649 (Jay Peters/The Verge)

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Meta rolls out Plus plans for Instagram, Facebook, and WhatsApp globally, will test $7.99/mo. and $19.99/mo. Meta AI plans, a $49.99/mo. creator plan, and more (Sarah Perez/TechCrunch)

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OpenAI announces partnerships to combat election misinformation, offering cybersecurity products to state officials and backing legislation to curb deepfakes (Maria Curi/Axios)

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Starlette, an open-source Python framework underpinning FastAPI, has a vulnerability called BadHost that can allow hackers to bypass authorization (Dan Goodin/Ars Technica)

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OpenAI Foundation says it is committing an initial $250M for grants, partnerships, and direct work aimed at helping workers and economies navigate AI disruption (Reuters)

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Tensormesh, whose inference platform uses KV caching to reduce costs, raised a $20M seed extension, bringing its total funding to $24.5M (Chris Metinko/Axios)

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NYC-based Pace, whose AI agents automate back-office operations for insurance companies, raised a $46M series B led by Thrive and Sequoia at a $375M valuation (Anna Tong/Forbes)

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AI coding startup Cognition AI raised more than $1B at a $26B valuation, and says its revenue run rate has increased to $492M from $37M in May 2025 (Rebecca Torrence/Bloomberg)

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Opendoor co-Founder Eric Wu's NavigateAI, which is building an expert AI coach for construction workers, raised a $25M seed led by Elad Gil at a $225M valuation (Anna Tong/Forbes)

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ElevenLabs launches Music v2, which can switch genres mid-track and handle complex vocal compositions, built on licensed data and cleared for commercial use (Ivan Mehta/TechCrunch)

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Trajectory, founded by ex-DeepMind, Apple, OpenAI and Meta researchers to build continual learning models, raised a $15M seed at a $115M post-money valuation (Maxwell Zeff/Wired)

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Roku launches its first major homescreen overhaul in over a decade, including a large "marquee" ad spot to tout apps or shows, in a bid to drive more engagement (Alex Weprin/The Hollywood Reporter)

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Amazon says it is making the "architecture, starter code, and learnings" from Alexa for Shopping available to third-party retailers, starting with Kate Spade (Annie Palmer/CNBC)

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The EU proposes new satellite access rules to let non-European companies like SpaceX bid for the airwaves, while preserving 33%+ of licenses for local companies (Paula Doenecke/Bloomberg)

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DC-based Airis Labs, which uses AI to convert visual data to law enforcement intelligence, emerges from stealth with a $31M Series B, for $60M in total funding (Chris Metinko/Axios)

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Polymarket is making it harder to use VPNs to access its service, blocking some IPs and suspicious accounts, and is asking some customers to identify themselves (Michael Roddan/The Information)

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YouTube makes its AI content labels more prominent on desktop and mobile, and will apply them automatically if it detects "significant photorealistic AI use" (Todd Spangler/Variety)

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Robinhood launches a feature to let users link AI agents, such as Claude or Cursor, to separate, dedicated investment accounts for trading stocks autonomously (Hannah Erin Lang/Wall Street Journal)

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Biohub, a Mark Zuckerberg- and Priscilla Chan-funded institute, releases "a world model of protein biology" to researchers for prediction, design, and discovery (Ina Fried/Axios)

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The Shanghai Stock Exchange says memory maker CXMT cleared a listing review for the exchange's Nasdaq-like STAR Board, in what could be China's top IPO in 2026 (Wall Street Journal)

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Source: TSMC CEO C.C. Wei told staff that they will see a 30%+ bump in their profit-sharing payouts in 2026 on average, after some staff voiced concerns online (Bloomberg)

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Temu owner PDD reports Q1 revenue up 11% YoY to ~$15.7B, below ~$16.2B est., net profit down 15% to ~$1.85B, below ~$3.4B est., amid fierce competition in China (Wall Street Journal)

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Sources: ByteDance is discussing up to $70B of 2026 capex as it builds out data centers and other AI infrastructure, underwritten by its ~$50B profit in 2025 (Bloomberg)

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Demis Hassabis says he still broadly expects AGI around 2030, though he now sees 2029 as a possibility, and 2026's "agentic era" is a "bit like a practice run" (Ina Fried/Axios)

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Milan-based social travel startup WeRoad raised a $58M Series C led by Airbnb, taking its total funding to ~$100M, to expand into the US, starting in Austin (Lauren Forristal/TechCrunch)

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Sources: Germany and Spain are leading opposition to the EU's plan to ban Chinese suppliers like Huawei from telecom networks as part of new cybersecurity rules (Bloomberg)

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Jensen Huang says Nvidia spends $100B-$150B per year on its Taiwan supply chain, up from $10B-$15B in 2022-2023, and will boost its 1,000 staff there to 4,000 (Nikkei Asia)

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Datacurve releases the DeepSWE coding benchmark, a 113-task test across 91 open-source repositories: GPT-5.5 leads at 70%, GPT-5.4 got 56%, and Opus 4.7 got 54% (Michael Nuñez/VentureBeat)

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Xreal launches a new sub-brand, X by Xreal, and $299 a01 display glasses with micro OLED displays, a 50° FOV, and a 62g weight, set for a July release in the US (Scott Stein/CNET)

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Sources: Taiwan suspects three people smuggled at least one shipment of Nvidia chips to China after exporting them to Japan; Taiwan detained the trio last week (Bloomberg)

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Amazon says it invested £15B in the UK in 2025, including new sites and expanded studio facilities, keeping it on track to invest £40B over three years by 2027 (Reuters)

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How AI is starting to dismantle the hegemony of the Big Four consultancies and other large firms, as AI agents help smaller consultancies handle big workloads (Financial Times)

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Sources: EU leaders are divided on curbing Big Tech as they weigh cloud tender rules and giving EU companies preferential access to mobile satellite spectrum (Foo Yun Chee/Reuters)

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A deep dive into how Anthropic's Claude Code and Peter Steinberger's OpenClaw unleashed the AI agent revolution that is rapidly transforming modern computing (Steven Levy/Wired)

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