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Techmeme

How tech companies are using open source initiatives to achieve critical strategic goals and how such efforts are reshaping industries like AI, AVs, and more (Bill Gurley/Bill's Substack)

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In a viral X post that parodies the old Mac vs. PC commercials, General Catalyst posted a "VC vs GC" video, with the VC apparently modeled after Marc Andreessen (Julie Bort/TechCrunch)

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Semiconductor stocks fell globally on Friday after the Trump-Xi summit concluded without major chip deals; Nvidia closed down 4.42% and AMD closed down 5.69% (Mauro Orru/Wall Street Journal)

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Sources: SpaceX aims to make its IPO prospectus public by next week, targeting a June 12 listing on Nasdaq, driven by a faster-than-expected SEC review (Reuters)

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Sources: Nord Quantique, a quantum computing startup that is pursuing a hardware-level quantum error correction approach, raised $30M at a $1.4B valuation (Sean Silcoff/Globe and Mail)

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Source: Kraken cut ~150 staff after AI tools improved efficiency and its IPO may be delayed until late 2026 or early 2027 due to a drop in digital-asset prices (Olga Kharif/Bloomberg)

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OpenAI's disavowal of a liability shield in Illinois SB 3444 bill and endorsement of a stronger SB 315 suggest it is open to meaningful AI safety legislation (Transformer)

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ArXiv, the repository of preprint academic research, says it will ban authors for a year if their papers have "incontrovertible evidence" of AI-generated work (Samantha Cole/404 Media)

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OpenAI memo: Greg Brockman says he will lead product strategy as part of a reorg, folding ChatGPT, Codex, and developer-facing API into one core product team (Maxwell Zeff/Wired)

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Replit says it has "worked things out with Apple", which has approved a Replit update after four months, following a reported dispute over vibe coding apps (Zac Hall/9to5Mac)

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OpenAI debuts personal finance tools for US ChatGPT Pro users, partnering with Plaid to give access to 12K+ financial institutions to analyze spending and more (Ivan Mehta/TechCrunch)

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A profile of AI video generation startup Runway, which is training models directly on observational data, is now valued at $5.3B, and added $40M in ARR in Q2 (Rebecca Bellan/TechCrunch)

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Gridcare, which uses AI to detect underused capacity in electric grids, raised a $64M Series A, following a $13.5M seed in 2025 (Bianca Giacobone/Latitude Media)

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A look at Matthew McConaughey's novel legal strategy to fight unauthorized AI use of his image and likeness, by trademarking video and audio clips of himself (Todd Spangler/Variety)

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Ofcom says X has committed to implementing stronger protections for UK users, including reviewing illegal hate and terror content within 24 hours, after a probe (Daniel Thomas/Financial Times)

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Nvidia's future in China remains unclear after the Trump-Xi Summit; Trump says China "chose not to" buy Nvidia chips as "they want to try to develop their own" (Meaghan Tobin/New York Times)

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Google confirms a new storage policy test, after some users reported that new Gmail accounts get 5GB, not 15GB, of free storage if they don't add a phone number (Akshay Gangwar/Android Authority)

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Indian ride-hailing app Rapido raised $240M led by Prosus as part of a broader primary and secondary financing transaction, valuing Rapido at $3B post-money (Pramugdha Mamgain/DealStreetAsia)

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The UK's HMRC tax authority announces a 10-year, £175M deal to use London-based Quantexa's AI tech to help identify fraud incidents and fix tax return errors (Zoe Kleinman/BBC)

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xAI launches Grok Build, an agent and CLI for coding, building apps, and automating workflows, in early beta, available first for SuperGrok Heavy subscribers (Carmen Arroyo/Bloomberg)

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Meta rolls out new features for its Ray-Ban Display glasses, including neural handwriting support for all users, and opens up support for third-party apps (Jay Peters/The Verge)

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Akamai acquires Israeli cybersecurity startup LayerX Security, which develops a browser-based platform to secure employee use of AI tools, for ~$205M in cash (Meir Orbach/CTech)

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Sources: HSG, formerly known as Sequoia China, set up a $3B continuation fund anchored by its ByteDance stake, offering ByteDance exposure at a ~$370B valuation (Bloomberg)

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Bill Ackman says his fund has taken a new stake in Microsoft after the company's recent share price decline; Ackman says investors underestimate Microsoft 365 (Amy Thomson/Bloomberg)

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Kioxia reports record Q4 operating profit of ~$3.8B, forecasts Q1 operating profit of ~$8.2B, and says it's planning a US listing; Kioxia's stock is up 300% YTD (Bloomberg)

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A profile of Amazon CEO Andy Jassy, who is killing projects, cutting staff, and assuring investors, all while also placing staggeringly expensive bets on AI (Bloomberg)

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London-based edtech startup Multiverse raised $70M at a $2.1B valuation from Index and others as it pushes into AI training; it acquired StackFuel in January (Kieran Smith/Financial Times)

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UK-based Iceotope, which develops data center liquid cooling tech, raised a $26M Series B co-led by Two Seas Capital and Barclays Climate Ventures (Mike Wheatley/SiliconANGLE)

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Alphabet sold $3.6B of bonds in its debut yen-denominated bond sale, the largest by a non-Japanese company, as AI-driven capital spending accelerates (Atsuko Fukase/Bloomberg)

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In a policy paper, Anthropic urges the US and allies to enforce export controls, curb distillation attacks, and export US AI to hold the lead over China by 2028 (Anthropic)

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Security research firm Calif says it used Mythos to help build a macOS kernel memory corruption exploit circumventing Apple's Memory Integrity Enforcement tech (Robert McMillan/Wall Street Journal)

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Sources: Anthropic has agreed to the terms of a $30B fundraising at a $900B valuation, with Sequoia, Dragoneer, Greenoaks, and Altimeter co-leading the round (George Hammond/Financial Times)

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Sources: xAI co-founder Igor Babuschkin plans to raise up to $1B at an up to $5B valuation for a new AI research startup, with General Catalyst possibly leading (Forbes)

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Musk v. Altman: in closing arguments, Musk's attorney doubled down on claims of Altman's untrustworthiness, while OpenAI's lawyer said Musk has no evidence (Associated Press)

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California Gov. Gavin Newsom proposes a new 7.25% tax on web-based software sales, targeting $1.1B in state and local tax revenue in the upcoming budget year (Bloomberg)

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Gemini reports Q1 revenue up 42% YoY to $50.3M, vs. $47.9M est., announces a $100M capital injection from Winklevoss Capital Fund; GEMI jumps 22%+ after hours (Tanaya Macheel/CNBC)

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Cerebras co-founders CEO Andrew Feldman and CTO Sean Lie own stakes worth $3.2B and $1.7B, respectively, representing about 5.5% and 3% of the company (CJ Haddad/CNBC)

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Cerebras shares closed up 68% at $311.07 in the company's Nasdaq debut after it raised $5.5B in the year's largest IPO, giving it a market value of $67B (Bloomberg)

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OpenAI adds remote access to Codex in the ChatGPT mobile app, letting users control Codex sessions running on a connected computer directly from a phone (Zac Hall/9to5Mac)

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Figma reports Q1 revenue up 46% YoY to $333.4M, vs. $313.2M est., and forecasts Q2 revenue above estimates, citing AI monetization; FIG jumps 8%+ after hours (Zaheer Kachwala/Reuters)

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Sources: Joshua Kushner's Thrive Capital told its stakeholders that it has invested ~$100M in Shopify, framed as a bet on how AI could lead to gains in commerce (Natasha Mascarenhas/Bloomberg)

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Sources: Microsoft plans to remove most of its Claude Code licenses and push its developers toward GitHub Copilot CLI, after previously pushing Claude Code (Tom Warren/The Verge)

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The Senate Banking Committee advances the Clarity Act, which would make CFTC the primary regulator for most digital assets while SEC oversees digital securities (Bloomberg)

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Sources: 50+ researchers and engineers have left xAI since the SpaceX acquisition via layoffs, firings, and voluntary departures; many have joined Meta and TML (Theo Wayt/The Information)

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Sources: Intel has begun testing production of "low-end/legacy iPhone, iPad, and Mac processors"; Apple thinks TSMC's resources will continue tilting toward AI (@mingchikuo)

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Ford stock jumped as much as 25% in two days after the launch of Ford Energy, a new subsidiary providing battery storage capacity to AI data centers (Christian Davies/Financial Times)

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A look at GameStop's takeover bid for eBay, a bizarre job application by GameStop CEO Ryan Cohen, who does not have the money to buy eBay, to become eBay's CEO (Matt Levine/Bloomberg)

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Cerebras pops 68% in Nasdaq debut, pushing the AI chipmaker's market cap to $95 billion (Jordan Novet/CNBC)

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Sources: OpenAI is weighing legal action against Apple after expectations that ChatGPT's Siri integration would generate billions in revenue fell short (Mark Gurman/Bloomberg)

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OpenAI says two employee devices were impacted via a supply chain attack on TanStack but no user data or production systems were compromised (Lorenzo Franceschi-Bicchierai/TechCrunch)

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