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Techmeme

Apple says "the rapid expansion of AI data centers has created an extraordinary surge in demand for memory and storage"; the MacBook Neo rises to $699 from $599 (Mark Gurman/Bloomberg)

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Apple raises Mac, iPad, and other product prices by 15%-25%, saying it has "never seen a component price increase this much, this quickly"; iPhone is unchanged (Rolfe Winkler/Wall Street Journal)

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Australian payments startup Airwallex raised $320M led by Lee Fixel's Addition at an $11B valuation, and is incubating blockchain payments startup Metal (Jeff Kauflin/Forbes)

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Scaled Cognition, a reliability-focused lab that develops the Agentic Pretrained Transformer model, raised a $100M Series A led by Khosla at a $750M valuation (Steven Rosenbush/Wall Street Journal)

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Exponential View: global AI sales, excluding China, hit $25B in Q1, exceeding an estimated $21B in data center and chip depreciation costs; margins remain thin (Jacob Reid/Bloomberg)

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OpenAI, Anthropic, Amazon, Microsoft, and others launch Raise Us, a new non-profit led by ex-Commerce Secretary Gina Raimondo to help US workers adapt to AI (Lydia DePillis/New York Times)

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Preliminary findings: the EU says Azure and AWS are "the largest and second largest" cloud services in the EU, as the bloc weighs up tougher DMA oversight (Samuel Stolton/Bloomberg)

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How risk modelers like Fathom and Verisk are using AI and diffusion models to bypass the limits of physics-based "cat" models to predict natural disasters (Financial Times)

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IBM details a 0.7nm chip manufacturing process that utilizes a "nanostack" 3D transistor architecture, which it says could continue chip innovation for 10 years (Don Clark/New York Times)

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A profile of incoming WhatsApp CEO Kunal Shah, who studied philosophy in Mumbai, advised Sequoia India, and joins a growing pool of Indian-born tech executives (Financial Times)

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Alibaba's Hong Kong stock closed down 4.43% after Anthropic accused Alibaba of "illicitly" accessing its AI models, down 36.24% YTD; Xiaomi and Baidu fell ~2% (Jeanny Yu/Bloomberg)

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Arm EVP Mohamed Awad says its chip architecture now accounts for 50%+ of the hyperscale cloud computing market, as AI demand transforms the data center industry (Cheng Ting-Fang/Nikkei Asia)

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Qualcomm CEO Cristiano Amon says the company is designing data center chips specifically for Chinese customers that are in compliance with US export controls (Yifan Yu/Nikkei Asia)

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Mirendil, founded by former Anthropic researchers and seeking to build self-improving AI for open-source developers, raised a $200M seed at a $1B valuation (Tina Li/Wall Street Journal)

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Coval, which develops simulation and evaluation tech for testing, launching, and monitoring AI voice and chat agents, raised a $28M Series A led by Norwest (Duncan Riley/SiliconANGLE)

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As China's working-age population shrinks, a consensus is emerging that it must deploy embodied AI robots into as many tasks as possible, as soon as possible (Financial Times)

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How Larry Ellison's $45M donation to a group supporting President Trump brought Ellison deeper into Trump's circle, helping Oracle and his son's WBD acquisition (Wall Street Journal)

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Assort Health, which develops AI voice agents for health care to handle scheduling and more, raised a $120M Series C led by Menlo Ventures at a $1.2B valuation (Heather Landi/Fierce Healthcare)

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Paris-based Tsuga, whose observability software runs in customers' own clouds to help them skip per-byte ingestion costs, raised a $35M Series A led by Singular (Ana Maria Constantin/The Next Web)

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TRM Labs: Iran-linked crypto wallets, including those tied to Iran's central bank, have moved $3.84B+ in transactions through crypto exchange CoinEx since 2019 (Wall Street Journal)

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NAND flash maker Kioxia, Japan's most valuable company since June 12, plans to offer US depositary shares in spring 2027 amid AI-driven demand for memory chips (Bloomberg)

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Sources: Meta is accelerating plans to use LLMs to review content and ads, replacing ~50% of human review requests in 2026 and aiming for 90% by year-end (Financial Times)

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New Zealand-based Partly, which develops an AI model for the auto parts industry, raised a $50M Series B led by DST at a $500M valuation, as it enters the US (Duncan Riley/SiliconANGLE)

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The Netherlands is lobbying the US not to expand chip equipment export controls that would constrain ASML's ability to sell immersion DUV machines to China (Bloomberg)

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Facebook brings back Facebook Creator Studio as a stand-alone app with built-in AI chatbot to help creators grow their audiences through personalized guidance (Aisha Malik/TechCrunch)

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Digital advocacy firms like CiviClick and Influent appear to use AI to generate mass public comments on local energy projects, mostly favoring fossil fuel use (Bloomberg)

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An Amazon seller reveals how middlemen on chat apps offer access to Amazon employees who allegedly grant favors, like reinstating suspended accounts, for a fee (Spencer Soper/Bloomberg)

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Hang Ten Systems, led by former Infosys CEO Vishal Sikka, launches with a $32M seed led by Mayfield to help enterprises use AI to run software at a lower cost (Jagmeet Singh/TechCrunch)

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Trase, which is building an operating system and infrastructure layer for AI agents in industries like health care and defense, raised a $107M seed led by Arch (Brock E.W. Turner/Axios)

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Paris-based digital health insurance startup Alan raised €480M led by Prosus at a €5.5B valuation, and is set for €1B+ in annual recurring revenue by year's end (Tim Bradshaw/Financial Times)

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Utah Senate President J. Stuart Adams, who championed a huge data center beside the Great Salt Lake, lost his Republican primary on Tuesday after voter backlash (Jack Healy/New York Times)

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SambaNova Executive Chairman Lip-Bu Tan says the AI chip startup is set to raise $800M to $1B, sources say at a ~$10B valuation, up from $2B in February (The Information)

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Qualcomm expects $15B in data center chip sales by 2029, raises its non-handset chip revenue forecast to $40B by 2029, up from $22B; QCOM jumps 13%+ after hours (Reuters)

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Cloudflare partners with Google, Microsoft, and Mozilla on PACT, a protocol to distinguish legitimate human or bot traffic from undesirable network requests (Thomas Claburn/The Register)

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Micron reports Q3 revenue up 346% YoY to $41.46B, vs. $35.84B est., gross margin above estimates, and forecasts Q4 revenue above est.; MU jumps 14%+ after hours (Kif Leswing/CNBC)

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Sources: in a letter to US officials, Anthropic accused Alibaba of adversarial distillation, accessing Claude 28.8M times from April to June via ~25K accounts (Maggie Eastland/Bloomberg)

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Qualcomm unveils Dragonfly C1000, a new data center CPU built for agentic AI, and says Meta will use the chip when production starts in 2028 (Kif Leswing/CNBC)

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Sources: Kalshi is in talks to raise a funding round at a ~$40B valuation that may close as soon as Q3; Kalshi raised $1B at a $22B valuation in May (Financial Times)

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Documents: Meta's planned prediction markets app will use Meta AI models to generate questions from trending topics, make recommendations, and resolve markets (Bobby Allyn/NPR)

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Sources: Google AI researchers Jonas Adler and Alexander Pritzel, both viewed internally as key contributors to Gemini, are planning to leave for Anthropic (Bloomberg)

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Google says computer use is now a built-in tool supported in Gemini 3.5 Flash, available via the Gemini API and Gemini Enterprise Agent Platform (Mateo Quiros/The Keyword)

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Binance says it will make a fresh push for permission to operate in the EU after its MiCA license application in Greece failed ahead of the June 30 deadline (Reuters)

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Runlayer, which provides an infrastructure and control layer for enterprise AI agents, raised a $30M Series A led by Felicis, bringing its total funding to $42M (Lily Mae Lazarus/Fortune)

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Seltz, which is building a web search engine that can be used by AI agents, raised a $12.5M seed led by Speedinvest and B Capital (Jeremy Kahn/Fortune)

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Nature publishes a peer-reviewed paper alleging that Microsoft's 2025 quantum breakthrough claims were based on "basic Python errors" and data cherry-picking (Thomas Claburn/The Register)

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Sources: the Trump administration has been happier talking to Anthropic lately after Dario Amodei was replaced by cofounder Tom Brown in meetings about Fable 5 (Hugo Lowell/Wired)

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Ornn, which plans to launch a marketplace for GPU capacity designed to function like an exchange to trade oil contracts, raised a $33M seed led by a16z (Katherine Doherty/Bloomberg)

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XCures, which uses AI to streamline patient data and medical records, raised a $46M Series B at a $127M post-money valuation, bringing its total funding to $76M (Mary Ann Azevedo/Crunchbase News)

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RunPod, which rents access to non-Nvidia servers, raised $100M led by Summit Partners at a $1B valuation, a source says up from $100M after its seed in 2024 (Stephanie Palazzolo/The Information)

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NYC-based Taktile, which helps fintechs build automated decision-making workflows, raised a $110M Series C led by Goldman Sachs, and plans a São Paulo office (Camila Grigera Naón/Fortune)

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