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Techmeme

New York-based crypto analytics startup Allium raised a $40M Series B led by Amplify Partners, with participation from Kleiner Perkins and others (Ben Weiss/Fortune)

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The Netherlands joins the US-led Pax Silica initiative alongside South Korea and Japan to coordinate AI supply chains; Taiwan endorses it as a non-signatory (Toby Sterling/Reuters)

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ByteDance unveils Seedance 2.5 in Beijing, saying the AI video model can generate 30-second clips from up to 50 reference materials, up from 12 for Seedance 2.0 (Juro Osawa/The Information)

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Google plans a 12-week incubator, picking 10 to 20 AI startups from its "Xoogler" alumni and providing up to $350K in cloud credits and $100K in direct funding (Guinevere Grant/Bloomberg)

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How Sam Altman's 80+ personal investments, many from his time at YC, benefit from ties to OpenAI; 10+ companies have discussed business deals with OpenAI (Wall Street Journal)

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Top500: China's Arm-based LineShine surpasses the US' El Capitan by 20% to be the world's fastest supercomputer, the first time China takes the crown since 2017 (Don Clark/New York Times)

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The EU is set to impose a €3 duty on non-EU items under €150 from July 1, as the bloc seeks to slow the flood of low-priced merchandise from retailers like Temu (Brendan Murray/Bloomberg)

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South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro and ASML fall ~7%, and US tech stocks fall in pre-market trading (Chloe Taylor/CNBC)

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An interview with Nvidia VP of Healthcare Kimberly Powell on how AI can ease doctors' workloads, help address trained medical staff shortages, and more (Cristina Criddle/Financial Times)

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Sources: Tencent is negotiating exits from minority investments in game studios in Japan, such as Tokyo-traded Marvelous, as it reassesses its global portfolio (Bloomberg)

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How the data center boom is exposing weaknesses in US power grids, and a look at what fixes the electricity infrastructure may need to become fit for the future (Chris Gillett/Works in Progress Magazine)

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Syntun: online sales during China's 618 shopping festival grew 4% YoY, a drop from 15.2% growth in 2025, amid China's persistent consumer spending slowdown (Evelyn Cheng/CNBC)

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Eli Lilly plans to use its $7.3B cash reserve to fund an "App Store" for biotech scientists after launching a data center with 1,016 Blackwell chips in 2025 (Patrick Temple-West/Financial Times)

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OpenAI debuts at Cannes Lions, pitching its new ChatGPT ad business and Codex to marketers, as it tries to build a multibillion-dollar business ahead of an IPO (Financial Times)

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A US NLRB judge ruled that Amazon violated federal law by not recognizing the Teamsters union at a SF warehouse and must collectively bargain with the workers (Josh Eidelson/Bloomberg)

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Real estate professionals are increasingly using AI-powered virtual staging tools like Stuccco and BoxBrownie to create misleading house and apartment listings (Gaby Del Valle/The Verge)

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Sources: Qualcomm is in advanced talks to acquire Modular in a transaction valuing the AI chip startup at ~$4B, up from a $1.6B valuation in September 2025 (Bloomberg)

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Filing: Oracle's global workforce fell by 21,000 employees in the past 12 months to 141,000 as of May 31; the company says AI adoption has led to reductions (Brody Ford/Bloomberg)

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President Trump signs two executive orders aimed at speeding the development of advanced quantum computers and mitigating the security threats they present (Amrith Ramkumar/Wall Street Journal)

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Meta says it is pausing its employee input tracking program after internal security issues exposed potentially sensitive data meant to train AI models (Wired)

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Air Space Intelligence won an $875M, 12-year FAA contract to develop AI tools that map flight trajectories and identify areas of congestion to reduce delays (Allyson Versprille/Bloomberg)

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Sakana AI launches Fugu, a multi-agent orchestration system accessible through a single model API, claiming Fugu Ultra matches Fable and Mythos on benchmarks (Carl Franzen/VentureBeat)

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Sources: Vimeo owner Bending Spoons seeks to raise ~$1.62B in a US IPO, selling 58M shares at $26 to $28 each, hitting a $19B valuation at the top of the range (Echo Wang/Reuters)

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Valve Steam Machine review: small and quiet, runs PC games well on a TV, but nearly twice the price of a PS5 for PS5 performance and needs manual configuration (Sean Hollister/The Verge)

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Valve's Steam Machine, its new living room Linux PC, will start at $1,049 for the 512GB base model without a controller, and will go on sale starting June 29 (Jay Peters/The Verge)

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OpenAI unveils an updated GPT-5.5-Cyber model, launches the Patch the Planet initiative in partnership with Trail of Bits to fix open source bugs, and more (Lily Hay Newman/Wired)

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Alphabet shares close down 5% on Monday following the departure of Google DeepMind VP John Jumper, the company's second top AI executive to leave in a week (Bloomberg)

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Sources: marketing tech startup AppsFlyer raised a $1B Series E at a $2.7B post-money valuation; Moloco, Google, Meta, and Unity acquire minority stakes (Kerry Flynn/Axios)

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SpaceX announces an offering of senior unsecured notes and discloses it has ~$100.8B in cash; SPCX closes down 16.43% in its third consecutive losing session (Samantha Subin/CNBC)

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SpaceX signs a computing deal worth up to $6.3B with Reflection AI for access to Nvidia GB300s at Colossus 2; Reflection will pay $150M per month through 2029 (Deirdre Bosa/CNBC)

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Groq raised $650M led by Disruptive and Infinitum after its Nvidia deal, aiming to hit 200 MW in capacity by the end of 2027, following a $750M raise in 2025 (Zsana Hoskins/Bloomberg)

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Instagram is testing horizontal video on Instagram for TV, plans to experiment with longer-form storytelling and episodic series, and launches on Samsung TV (Katie Kilkenny/The Hollywood Reporter)

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Crypto trading app Fomo raised a $75M Series B led by Index at a $550M valuation, taking its total funding to ~$94M, and claims to add 3,500 new users per day (Ben Weiss/Fortune)

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Google invests in independent movie studio A24 as part of a new AI partnership; sources say Google is investing ~$75M, roughly equal to Thrive's 2024 investment (Ben Fritz/Wall Street Journal)

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Upscale, which is building AI networking infrastructure to rival Cisco, raised a $190M Series A-1 at a $2B valuation, up from $1B after raising $200M in January (Lily Mae Lazarus/Fortune)

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Nvidia unveils Halos, a safety-focused OS developed from autonomous vehicle tech and designed to run on IGX Thor hardware for humanoid robots, and opens a lab (Ian King/Bloomberg)

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In a joint statement, Five Eyes agencies warn AI models capable of taking down governments and businesses are mere months away, urging leaders to "act now" (Sarah Basford Canales/The Guardian)

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Meta invests $900M into Indian fintech Cred for a ~20% stake, and plans to appoint Cred founder Kunal Shah as the leader of WhatsApp, replacing Will Cathcart (Kurt Wagner/Bloomberg)

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UK-based AI law firm Garfield, which received regulatory approval in 2025, wins a case in the English courts for the first time; the case focused on unpaid fees (Suzi Ring/Financial Times)

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NYC-based Prosper AI, whose healthcare AI tool is designed to answer patient phone calls, raised a $30M Series A led by a16z, taking its total funding to $35M (Brock E.W. Turner/Axios)

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Electric bike rental company Lime is seeking to raise up to $180.9M in its US IPO, offering 6.7M shares at $24 to $26 each, giving it an up to $1.7B valuation (Jordan Fitzgerald/Bloomberg)

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Chevron signs a 20-year deal with Microsoft to provide natural-gas power for a proposed West Texas data center, which could be one of the biggest in the US (Kevin Crowley/Bloomberg)

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Netherlands-based Nearfield Instruments, which makes atomic force microscopes to measure chip features, raised $380M led by Fidelity at a $1.6B valuation (Stephen Nellis/Reuters)

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JD.com founder Richard Liu says robots will replace the company's 700K delivery workers "sooner or later", and it will help retrain them in robot maintenance (Financial Times)

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Analysis: Taiwanese car display chip maker Himax, which makes driver integrated circuits for Ferrari, VW, and others, nets its founders a $1B combined net worth (Bloomberg)

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SK Hynix overtakes Samsung to become South Korea's most valuable company, closing up 5.6% for a ~$1.4T market cap; South Korea's Kospi index is up 117% YTD (Kimberley Kao/Wall Street Journal)

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Getty Images signs a licensing deal with OpenAI, letting its image library appear in ChatGPT's search and discovery features; GETY jumps 120%+ and is up 5%+ YTD (Mark Bergen/Bloomberg)

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Bain says it uses AI coding tools to recreate pieces of target companies' software, making hundreds of rough prototypes in recent years as part of due diligence (Ryan McMorrow/Financial Times)

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S&P and IBM: 22.4% of global cyberattacks in 2024 hit Japan, the most targeted country, as it tries to improve its legacy IT systems against AI-powered threats (Catherine Thorbecke/Bloomberg)

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Satya Nadella says the public wouldn't tolerate a few AI labs "doing all of the learning for the world", as Microsoft moves to provide low-cost models and tools (Wall Street Journal)

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