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Techmeme

Chinese PCB maker Victory Giant surges ~57% in its Hong Kong trading debut after raising ~$2.6B in its IPO, the largest in the city so far this year (Eunice Xu/South China Morning Post)

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Sources: Jeff Bezos' Project Prometheus is close to a $10B fundraising deal, which includes an initial $6.2B raise in November, at a $38B post-money valuation (Financial Times)

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In an email to employees, Johny Srouji details newly combined hardware engineering and hardware technologies division, organized across five key areas (Mark Gurman/Bloomberg)

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Apple says Tim Cook, as executive chairman, "will assist with certain aspects of the company, including engaging with policymakers around the world" (Marcus Mendes/9to5Mac)

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The US Air Force cancels RTX's ground-control network for the US' next generation of GPS satellites after years of delays and cost overruns (Anthony Capaccio/Bloomberg)

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Q&A with Canva CEO Melanie Perkins on the company's growth in enterprise, competing with AI labs, token pricing, investing in its own models, and more (Nilay Patel/The Verge)

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A US jury finds Uber liable for a sexual assault by a driver in 2019, handing Uber a second consecutive defeat in its first trials of 3,000+ pending lawsuits (Emily Steel/New York Times)

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OpenAI rolls out Chronicle, which builds memories from screen captures to make Codex more aware of context, as a research preview for Pro subscribers on macOS (Zac Hall/9to5Mac)

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John Ternus, senior VP of Hardware Engineering, will become Apple's next CEO on September 1; Tim Cook will become executive chairman of Apple's board (CNBC)

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Apple says Johny Srouji, who most recently served as senior VP of Hardware Technologies, will assume an expanded role leading Hardware Engineering (Apple)

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Amazon agrees to invest up to $25B in Anthropic, on top of the $8B that it has already invested; Anthropic commits to spend $100B+ on AWS over the next 10 years (Ashley Capoot/CNBC)

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John Ternus, senior VP of Hardware Engineering, will become Apple's next CEO on September 1; Tim Cook will become executive chairman of Apple's board (Apple)

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Microsoft pauses new GitHub Copilot signups for Pro, Pro+, and Student tiers, tightens usage limits, removes Opus models from Pro, and limits Opus 4.7 to Pro+ (The GitHub Blog)

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Docs: Microsoft plans to eventually move GitHub Copilot from request- to token-based billing, as the week-over-week cost to run it has nearly doubled since Jan. (Edward Zitron/Ed Zitron's Where's ...)

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RaveDAO's RAVE has lost $6.6B+ in market cap and its price has sunk ~98% since Saturday, after ZachXBT called on exchanges to probe if it was being manipulated (André Beganski/Decrypt)

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A profile of far-right influencer Nick Fuentes, who has been kicked off most mainstream social media but made ~$900K from "fanatical" donors since early 2025 (Washington Post)

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Filing in California's antitrust lawsuit: CA accuses Amazon of price-fixing by pressuring brands to ask competing retailers to increase prices on some products (David McCabe/New York Times)

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A new media company called MTS launches for "monitoring the situation" across tech, business, politics, and culture, with backing from a16z and others (a16z)

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WhatsApp says it is testing a new subscription called WhatsApp Plus, which includes features like expanded pinned chats, custom lists, and new chat themes (Ivan Mehta/TechCrunch)

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Moonshot introduces Kimi K2.6, an open-weight model that it says shows strong improvements in long-horizon coding tasks, available under a modified MIT License (Kimi AI)

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Deezer says AI-generated tracks now account for 44% of daily uploads, totaling ~75K tracks per day and 2M+ per month, but account for just 1-3% of consumption (Aisha Malik/TechCrunch)

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Sources: UK-based CuspAI, which aims to use AI for discovering new materials, is in discussions to raise at least $200M, taking its valuation to over $1B (Yazhou Sun/Bloomberg)

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China's iQiyi plans to overhaul its streaming service into an AI content hub, with an app redesign and Nadou Pro AI tool handling "every aspect of film-making" (Bloomberg)

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A look at creators and organizations warning of AI's existential threats to humanity; some organizations sponsor social media posts and partner with influencers (Nitasha Tiku/Washington Post)

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Adobe introduces CX Enterprise, an AI agent-based platform that aims to help corporate customers automate digital marketing and other functions (Belle Lin/Wall Street Journal)

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Filing: Michael Saylor's Strategy bought $2.54B in bitcoin over the past seven days, its largest acquisition since November 2024; Strategy owns ~$61B in bitcoin (Matt Haldane/Bloomberg)

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Sources: Google has created strike team to improve its coding models; Sergey Brin told DeepMind staffers that they must aggressively pivot to catch up on agents (Erin Woo/The Information)

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Huawei launches the Pura X Max, a passport-style foldable with a 5.4-inch cover display and a 7.7-inch internal display, in China, starting at ~$1,613 (Jess Weatherbed/The Verge)

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A Blue Origin rocket failed to correctly place a BlueBird satellite from satellite networking company AST into its intended orbit; ASTS falls 7%+ (Jake Rudnitsky/Bloomberg)

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Nigeria-based Terra, which makes pilotless drones and defense systems, raised $34M from Joe Lonsdale, Lux Capital, and others, as jihadist groups drive demand (Nduka Orjinmo/Bloomberg)

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Order: India's CCI sets May hearing on penalties after Apple failed to submit info on alleged app market abuse; Apple said it fears it could be fined up to $38B (Aditya Kalra/Reuters)

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LayerZero says North Korea's Lazarus is likely behind the $292M Kelp DAO exploit on April 18, which triggered $10B in outflows from Aave over bad debt concerns (Danny Park/The Block)

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Salesforce CEO Marc Benioff dismisses the idea of vibe coded CRM replacing SaaS companies, saying data security and compliance make Salesforce indispensable (Sebastian Herrera/Wall Street Journal)

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SK hynix says it has begun mass production of the 192GB SOCAMM2, a next-gen LPDDR5X low-power DRAM module designed particularly for Nvidia's Vera Rubin (The Korea Herald)

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German Chancellor Friedrich Merz says he will push to ease the EU's "regulatory burden" on AI and possibly exempt industrial AI to boost productivity (Andreas Rinke/Reuters)

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Sources: Polymarket is in talks to raise $400M at a ~$15B post-money valuation, up from $9B in October 2025, but below Kalshi's $22B valuation from March 2026 (The Information)

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Australian data center operator NextDC plans to raise AU$1.5B in equity for its 350MW Sydney site rollout, and raises its FY26 capex by AU$300M to AU$2.7B-AU$3B (Sneha Kumar/Reuters)

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A profile of Maria Davidson, who heads California Renewal, a pro-business political group backed by Silicon Valley power players, seeking to raise $100M in 2026 (Emily Shugerman/The San Francisco ...)

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Match Group CEO Spencer Rascoff says growing women's share on Tinder is his "primary focus" to stem user declines; Sensor Tower says 75% of Tinder users are men (Kieran Smith/Financial Times)

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Fermi CEO Toby Neugebauer is leaving the company, as the data center developer faces issues in securing an anchor tenant and construction delays (Amy Harder/Axios)

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Vercel says its internal systems were accessed via a compromised third-party AI tool, after a user with a ShinyHunters handle claimed a breach on BreachForums (Lawrence Abrams/BleepingComputer)

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Sources: the US NSA is using Mythos Preview; one source says Mythos is also being widely used within the DoD, despite Anthropic's supply chain risk designation (Axios)

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Palantir posts a 22-point summary of Alex Karp's book, promoting hard power, AI weapons and deterrence, while denouncing pluralism and "regressive" cultures (Anthony Ha/TechCrunch)

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Sources: the glowing "26" in Apple's WWDC invite is teasing a revamped Siri, memory shortages may push Mac Studio and touch MacBook Pro launches by a few months (Mark Gurman/Bloomberg)

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Sources: Google is in talks with Marvell Technology to develop a memory processing unit that works alongside TPUs, and a new TPU for running AI models (Qianer Liu/The Information)

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A profile of Quince, an online luxury DTC brand valued at $10B+, which has found success by using data analysis and close manufacturer ties to keep prices low (Amanda Mull/Bloomberg)

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A look at the AI nonprofit METR, whose time-horizon metrics are used by AI researchers and Wall Street investors to track the rapid development of AI systems (Kevin Roose/New York Times)

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Expo, which develops an eponymous React Native framework and provides cloud services for building cross-platform apps, raised a $45M Series B led by Georgian (Maria Deutscher/SiliconANGLE)

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Binance and Bitget to probe a rally in RaveDAO's RAVE token, which surged 4,500% in a week, after ZachXBT alleged RAVE insiders engineered a large short squeeze (Francisco Rodrigues/CoinDesk)

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At the Beijing half-marathon, several humanoid robots beat human winners by 10+ minutes; a robot made by Honor beat the human world record held by Jacob Kiplimo (Reuters)

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