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  • Sat Jun 6

Paris-based UMA, founded by ex-Tesla Optimus scientist Rémi Cadene and ex-Google DeepMind researcher Pierre Sermanet, demos its Northstar AI humanoid robot (Benoit Berthelot/Bloomberg)

51m
T

Sources: Beijing recently held meetings with Alibaba, ByteDance, Z.ai, and others to discuss restricting overseas access to advanced open and closed AI models (Fanny Potkin/Reuters)

1h
T

Survey: Chinese companies plan to allocate 46% of their AI accelerator budget to domestic products in the next 12 months, up from 30% today, a shift from Nvidia (Gao Yuan/Bloomberg)

1h
T

Sources: DeepSeek is in the early stages of developing its own AI chip designed for inference, in a bid to reduce its reliance on Nvidia and Huawei hardware (Reuters)

1h
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US autonomous military vehicle startup Forterra says it deployed 100+ Lancer UGVs, based on Polaris ATVs, in Ukraine since 2025, completing 1,100+ missions (Tim Fernholz/TechCrunch)

1h
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European banking watchdogs ECB and ESRB warn that frontier AI models pose "systemic risks to the financial system", giving lenders four months to prepare (Financial Times)

2h
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UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and the Asia Pacific (Mauro Orru/Wall Street Journal)

2h
T

Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google (Bloomberg)

2h
T

OpenRouter: Chinese AI models have drawn 30%+ of token use by US companies each week since February 8, peaking at 46%, up from 11% over the previous 12 months (Kai Nicol-Schwarz/CNBC)

4h
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Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24% (Reuters)

4h
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Alibaba's Qwen models have made it an AI powerhouse, but the company has struggled to turn their global popularity into a profitable business (New York Times)

5h
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Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Instagram to addict youth and misled the public; its market cap is ~$1.5T (Diana Novak Jones/Reuters)

7h
T

OpenAI, Anthropic, and other top AI labs are offering startups token credits and special promotions, as the AI labs seek lasting streams of enterprise revenue (Wall Street Journal)

8h
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A profile of Rachel Whetstone, who has led comms for Google, Meta, Uber, Netflix, and now Sierra, as her husband Steve Hilton runs for California governor (Emily Shugerman/The San Francisco ...)

10h
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WiseTech co-founder Richard White steps down as chair amid a police probe over claims he exploited a woman's immigration status for sex; WTC jumps 7%+ (Peter Vercoe/Bloomberg)

11h
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A profile of Bernadette Meehan, a US diplomat who became Wikimedia Foundation CEO in January, as Wikipedia faces threats from MAGA, AI, and foreign autocrats (Tiffany Hsu/New York Times)

11h
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Syntiant, which develops low-power AI processors, files for a US IPO, reporting a $20.9M net loss on $64.5M in revenue for the three months ended March 31 (Pragyan Kalita/Reuters)

12h
T

Samsung estimates Q2 operating profit of ~$58.44B, up 19x from Q2 2025 and above ~$57.02B est., and revenue up 129% YoY to ~$111.7B; Samsung's stock drops 5%+ (Reuters)

13h
T

xAI rebrands to SpaceXAI and unveils a new logo; Elon Musk said in May that xAI would be dissolved as a separate company and become the AI products from SpaceX (Kelsey Vlamis/Business Insider)

13h
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Anthropic researchers detail J-space, a small set of neural patterns in Claude that reveals internal thoughts that don't appear in the model's output (Anthropic)

14h
T

BonkDAO, which oversees the Bonk memecoin, says it was the target of a "malicious governance proposal" that resulted in a loss of $20M worth of Bonk tokens (Daniel Kuhn/The Block)

14h
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Sources: Vista Equity and Quinti made a takeover bid for Criteo that values the French ad tech company at a 50%+ premium to its stock price in recent weeks (Bloomberg)

15h
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Source: Thrive Capital spinoff Thrive Holdings seeks to raise around $2B from SoftBank, Altimeter, D1, and others, after previously raising $1B (Julia Hornstein/The Information)

15h
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Sources: CISA's Attack Surface Evaluation team is using Mythos to audit government code repositories and has already uncovered a large number of vulnerabilities (Raphael Satter/Reuters)

15h
T

SCOTUS declines to block a Texas law requiring app stores and developers to verify the age of mobile device users, and for minors to obtain parental consent (Andrew Chung/Reuters)

16h
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Sources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns over Treasury's legal authority to manage it (Bloomberg)

16h
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Xbox appoints Helen Chiang as its first COO; Chiang was previously corporate vice president for the Minecraft Franchise and the studio head of Minecraft (Sam Smith/GamesBeat)

18h
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Source: Xbox Game Pass currently has about 30M subscriptions; document: Microsoft had projected Game Pass subscriptions would reach around 77M this year (Ben Fritz/Wall Street Journal)

18h
T

A term sheet shows Tencent is seeking to raise as much as $1.55B in a selldown of part of its stake in short-video app operator Kuaishou through a block trade (Julia Fioretti/Bloomberg)

18h
T

Tencent releases Hy3, a 295B-parameter model that it says is competitive with GLM-5.1 and 5.2, under the Apache 2.0 license, following a preview launch in April (Sam Witteveen/VentureBeat)

19h
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Source: Mercor hit over $2B in gross revenue run rate in June, double its pace in April, and is profitable on a free cash flow basis (Julia Hornstein/The Information)

19h
T

Illinois Governor JB Pritzker signs SB 315, a bill requiring annual third-party safety audits of leading AI companies; OpenAI and Anthropic backed the bill (Adam Harrington/CBS News)

20h
T

Nintendo plans to stop selling the original Switch, Lite, and OLED in Europe from mid-February 2027 and update the Switch 2 to comply with new EU battery rules (Andrew Webster/The Verge)

21h
T

Filing: Strategy sold 3,588 bitcoin for ~$216M between June 29 and July 5 to replenish its USD reserve; its holdings have an $11.4B paper loss at current prices (James Hunt/The Block)

21h
T

Microsoft's Xbox unit plans to cut 3,200 jobs over the next year, including 1,600 on Monday, and divest up to five studios, including Ninja Theory, in a "reset" (Bloomberg)

22h
T

Microsoft is laying off ~4,800 employees, or ~2.1% of its workforce; most are in sales or Xbox, where ~20% of jobs are set to be cut by the end of FY 2027 (Tom Warren/The Verge)

22h
T

Reddit says its AI-powered content moderation systems caught 25K "spammy posts and comments" per day in Q1, reducing users' exposure to such content by 20% YoY (Natalie Lung/Bloomberg)

23h
T

Broadcom agrees to expand its Apple partnership through 2031 to develop and supply custom chips; in 2023, the companies announced a multibillion-dollar 5G deal (Akash Sriram/Reuters)

23h
T

Anthropic signs a 20-year, ~$19B lease to use a TeraWulf data center in Kentucky, set to have a ~400MW capacity and to start delivering power in H2 2027 (CNBC)

23h
T

AI agent training platform Bespoke Labs raised $40M across a seed led by 8VC and a Series A led by Wing, saying the funding gives it almost two years of runway (Natalie Breymeyer/Axios)

1d
T

Filing: Brookfield-backed data center company Csquare seeks to raise up to $1.35B in an IPO, selling 50M shares at $23 to $27 each for an up to $4.18B valuation (Ryan Vlastelica/Bloomberg)

1d
T

How Masayoshi Son is remaking SoftBank in his own image, betting on AI; SoftBank trades at a ~50% discount to its net asset value, as some question his strategy (David Keohane/Financial Times)

1d
T

A profile of Samsung union leader Choi Seung-ho, who helped win a ~$26B bonus package for chip employees, as he tries to resolve the rift over bonus gaps (Yoolim Lee/Bloomberg)

1d
T

An interview with Agility Robotics CEO Peggy Johnson on why the startup is going public via a SPAC, the physical layer as its core advantage, safety, and more (Connie Loizos/TechCrunch)

1d
T

AI-driven drops in labor income and gains in capital income could hit Ireland's tax base, with 6%+ of its workforce in tech and heavy exposure to US companies (Olivia Fletcher/Bloomberg)

1d
T

Some US voters are using AI tools as nonpartisan researchers, seeing them as a viable alternative to traditional news coverage, voter guides, and social media (Jennifer Medina/New York Times)

1d
T

Ripple secures CASP authorization from Luxembourg's financial regulator, making it fully MiCA-compliant to offer crypto services across 30 EEA countries (Brian Danga/The Block)

1d
T

Shenzhen-based Even Realities, a startup that makes smart glasses without cameras, raised a $150M pre-Series B led by Meituan and Tencent (Kate Park/TechCrunch)

1d
T

SK Hynix launches a US share sale on the Nasdaq to raise ~$28B, selling 17.79M new shares; the final listing price is due Thursday before trading starts Friday (Reuters)

1d
T

Document: a draft US Treasury Department report is set to warn about the AI market's risks, likening some key aspects to the dotcom crash in the early 2000s (Eric Katz/NOTUS)

1d
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Entries updated Jul 7, 2026 05:09:41 AM PDT

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