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Analysis: ~1M $TRUMP retail buyers lost a combined $3.81B, while ~500K mostly-early wallets captured $4B in gains, a textbook memecoin wealth transfer (New York Times)

A profile of Kaley Glenn-Mills, the plaintiff in K.G.M. v. Meta et al., who was awarded $6M in damages in a landmark LA jury trial over social media addiction (Olivia Carville/Bloomberg)

Bending Spoons' Nasdaq IPO caps its 50+ deals across 10+ years that transformed the Italian startup into a highly leveraged internet company with ~$4.4B in debt (Financial Times)

NY-based LinqAlpha, which provides AI-powered market research tools for hedge funds, raised a $22M Series A co-led by AVP, Atinum Investment, and GFT Ventures (Sofia Chesnokova/Tech Funding News)

Sources: Uber halts plans to launch food delivery in five of the seven European countries it had targeted for expansion as it pursues a Delivery Hero takeover (Kieran Smith/Financial Times)

India issues a notice to Telegram, asking it to curb the spread of pirated films and other copyrighted content, and seeks an action-taken report within 15 days (Sejal Sharma/Hindustan Times)

AWS says Mechanical Turk will no longer accept new customers and that it is placing the crowdsourcing service in maintenance, signaling its future retirement (Simon Sharwood/The Register)

11h

Source calls UK- and OpenAI-touted plans in 2025 for Stargate's ~£20B Cobalt site a PR stunt; OpenAI and Nscale failed to visit Cobalt or lodge planning forms (Aisha Down/The Guardian)

14h

Indonesia's enforcement of social media restrictions for under-16s has been patchy, with tech companies ignoring the rules and youth still accessing platforms (Marcel Thee/Nikkei Asia)

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How some high-income families use AI-powered private schools and tutors, such as Alpha School, to teach their children life skills and tailor their curriculum (Katherine Bindley/Wall Street Journal)

18h

A look at the troubled rollout of the EU's automated biometric entry/exit border system, as airport operators warn of severe delays ahead of the summer holidays (Financial Times)

20h

How ByteDance is making Hollywood inroads with its Seedance video generator, thanks to low pricing, striking realism, and features like timeline-based prompting (Nilesh Christopher/Los Angeles Times)

22h

Q&A with Doug Brooks, senior product manager of Apple silicon, about Mac minis becoming preferred AI agent machines, future of on-device AI, and more (Jason Hiner/The Deep View)

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Official data shows Hong Kong accounted for 50%+ of China's $239B in chip imports in the first five months of 2026, a record share, up from ~33% a decade ago (Bloomberg)

A profile of Google DeepMind philosopher Iason Gabriel, whose work has tracked, and in many cases predicted, the ethical challenges posed by the success of LLMs (Robert P Baird/The Guardian)

Micron breaks ground on its ~$9.3B Hiroshima factory expansion, part of its global ramp-up to meet AI demand, and plans to start HBM shipments from summer 2028 (Mari Kiyohara/Bloomberg)

Singapore-based dConstruct Robotics, which develops spatial tech to let autonomous robots operate in complex, GPS-denied environments, raised a $125M Series A (Duc Dao/TNGlobal)

Prague-based EquiLibre, which offers AI for quant hedge funds and is founded by three ex-Google DeepMind researchers, raised a Series A at a $500M valuation (Anna Heim/TechCrunch)

Montreal-based Stathera, a maker of MEMS-based silicon timing components for chips, raised a $55M Series B led by Maverick Silicon, taking total funding to $75M (Madison McLauchlan/BetaKit)

Midjourney wants Disney, Universal, and Warner Bros. to reveal in court how they use AI across their companies; studios sued Midjourney in 2025 for infringement (Gene Maddaus/Variety)

A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption (Bloomberg)

Meta could use its compute for its own models, ad scaling, SpaceX-like neocloud deals, and hosting 3rd-party models; it may be close to an Anthropic deal (Jeremie Eliahou Ontiveros/SemiAnalysis)

Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout (M.G. Siegler/Spyglass)

Instagram has been running ads promoting child sexual abuse material in India, with terms like "rape video" and "child video" and linking to Telegram channels (Divya Arya/BBC)

An interview with Sriram Krishnan, who says "there will not be an FDA for AI" under Trump, blames the AI backlash on the industry's "doomer" messaging, and more (Financial Times)

Texas Attorney General Ken Paxton opens an investigation into StubHub following complaints of last-minute ticket cancellations for FIFA World Cup 2026 matches (Giles Turner/Bloomberg)

How Jeff Bezos' changing relationship with President Trump has helped Amazon and Blue Origin, such as more federal contracts awarded during Trump's second term (Wall Street Journal)

Filing: GoDaddy challenges a New Delhi court ruling requiring domain sellers to stop offering privacy by default, saying it could expose website owners globally (Reuters)

India's IT secretary said the country is investigating a data breach at Apple supplier Tata, which exposed files that included photos of iPhone 18 Pro models (Reuters)

Pitch document: Chris Larsen, Palmer Luckey, and others invested undisclosed amounts in APEC, a derivatives exchange founded by Senator Kirsten Gillibrand's son (Declan Harty/Politico)

Sources: Alibaba banned Claude Code internally and asked its employees to remove all Claude models from their work computers due to Anthropic security concerns (The Information)

A look back at BitTorrent, launched by Bram Cohen 25 years ago, and how media piracy fueled its growth while its architecture shielded it from legal liability (Janko Roettgers/The Verge)

Sources: Anthropic moves to close loopholes that let Chinese companies like Ant use its models via workarounds such as cloud providers and overseas subsidiaries (Financial Times)

Blackstone's QTS abandons plans to build its portion of a 2,100-acre data center campus in Virginia, after years of organized opposition and legal challenges (Dawn Lim/Bloomberg)

Letter to Scott Bessent: chip group SEMI, which includes Micron and Samsung, warns that US intervention in chip pricing or capacity would worsen chip shortages (Maggie Eastland/Bloomberg)

Sources: Alexandr Wang said Meta's model currently in training, codenamed Watermelon, matches GPT-5.5 and uses an "order of magnitude more compute than Avocado" (Business Insider)

Sources: Anthropic's bankers have hired UK law firm Freshfields to advise on its IPO; it also advised on Google's acquisition of Wiz and ServiceNow's Armis deal (The Information)

Spotify removed 500K+ streams of Malcolm Todd's Earrings after a 70% surge in 24 hours sent it to #1 on Spotify USA and coincided with suspicious Kalshi wagers (Stephanie Stacey/Financial Times)

Finnish quantum computing company IQM closed up 2% in its Nasdaq debut Thursday after going public via a SPAC merger at a ~$1.9B valuation (Anna Heim/TechCrunch)

Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October (Bloomberg)

At a town hall, Mark Zuckerberg said Meta's AI agent development has not accelerated as expected and its reorganization was not as "clean" as it could have been (Katie Paul/Reuters)

Source: crypto payments and settlement startup Mesh is raising funding led by Binance at a ~$2B valuation, six months after raising $75M at a $1B valuation (Lucinda Shen/Axios)

Travel app Hopper agrees to a $35M FTC settlement over allegations the company misled users by imposing hidden fees and misrepresenting the total costs (Lauren Forristal/TechCrunch)

Internal memo: Tesla plans to impose a $200-per-week limit for staff's AI spending beginning July 6; the tally excludes beta versions of xAI products (Grace Kay/The Information)

Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February (Bloomberg)

UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed (Cate Lawrence/Tech.eu)

Memo: Microsoft is merging the consumer and enterprise versions of its Copilot chatbots into a single app featuring coding tools and AI agents dubbed AutoPilot (The Information)

Tripo AI, which is developing 3D foundation models and world models for use in games, raised $150M, a month after it said it raised $200M (Dean Takahashi/GamesBeat)

Emails disclosed in a court filing detail the uneasy back-and-forth between Dario Amodei and DOD's Emil Michael and how Anthropic's relationship with DOD soured (Wall Street Journal)

Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits are up from $1.1B in March to $4.05B (Bloomberg)