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Techmeme

Meta's Oversight Board says Meta agreed to increase its funding by $13M, ensuring that it will be funded through 2028, reversing a planned decrease in funding (Casey Newton/Platformer)

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IBM plans to invest more than $10B in quantum computing over five years as it aims to build the first large-scale, error-free quantum computer by 2029 (Reuters)

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Waymo unveils Ojai, a vehicle designed in partnership with Zeekr for robotaxi use, initially for select riders in San Francisco, Los Angeles, and Phoenix (Edward Ludlow/Bloomberg)

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YouTube launches new Premium podcast features, including an AI-powered recommendation tool, an "Auto speed" setting, and a new on-the-go listening mode (Aisha Malik/TechCrunch)

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Saris, which builds AI agents to automate back-office work for banks and credit unions, raised a $28.8M Series A led by 8VC (Ryan Lawler/Axios)

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Reactor, which says its AI platform can generate video in real-time with near-zero latency, emerges from stealth with a $59M Series A led by Lightspeed (Todd Spangler/Variety)

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Visa makes an undisclosed investment in Replit; the two will explore how developers on Replit can use Visa Intelligent Commerce and the Trusted Agent Protocol (Ivan Mehta/TechCrunch)

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Source: Groq is raising up to $650M from existing investors; the AI chipmaker earlier signed a $20B Nvidia licensing deal that saw much of its senior team leave (Dan Primack/Axios)

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Tel Aviv-based web development company Wix cuts ~20% of its workforce, citing the "fast evolution of AI capabilities" and currency exchange rate difficulties (CJ Haddad/CNBC)

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Intel unveils its first dedicated handheld gaming chips, the Arc G3 and Arc G3 Extreme, featuring Xe3 GPU cores, arriving first in the Acer Predator Atlas 8 (Sean Hollister/The Verge)

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Qualcomm unveils the Snapdragon C, an entry-level ARM-based SoC for Windows 11 devices starting from $300 and shipping in 2026, taking aim at the MacBook Neo (Zac Bowden/Windows Central)

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Sources: at WWDC, Apple is likely to showcase how 15 years of designing chips gives it an advantage in running AI locally, and will use a distilled Gemini model (Aaron Tilley/The Information)

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Filing: CNN sues Perplexity in New York for allegedly unlawfully copying and distributing CNN content, after failing to agree on terms with Perplexity in 2025 (Brian Stelter/CNN)

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YouTube adds a "custom feed" to its home page that lets users prompt it to create a constantly refreshing feed, available to signed-in US users with history on (Andrew Romero/9to5Google)

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Illustrations based on sources detail Apple's Siri overhaul, like a new UI and chatbot-style app, and major iOS 27 changes, ahead of the WWDC keynote on June 8 (Mark Gurman/Bloomberg)

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Oura unveils the Oura Ring 5, with a 40% smaller form factor, improved sensing, and repositioned LEDs, shipping from June 4 for $399, up from the Ring 4's $349 (Bloomberg)

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Letter: US Central Command says it received "threat reports concerning adversary exploitation of commercial location data" to target US personnel in war zones (Raphael Satter/Reuters)

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IBM and Red Hat commit $5B to establish a new open-source software model, dubbed Project Lightwell, and will deploy 20,000 engineers globally, supported by AI (Connor Hart/Wall Street Journal)

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AWS has used Resilient Network Graphs, a quasi-random networking architecture with a flat mesh design, since late 2025 and says it accelerates information flows (Lauren Goode/Wired)

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Source: the Shanghai Futures Exchange is in the early stages of designing futures contracts for AI tokens; US exchanges are set to launch GPU compute futures (Reuters)

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Samsung's Securities, SDS, and Card units say they will acquire a 4% stake in Dunamu, which operates South Korea's largest crypto exchange, for ~$446M in cash (Choi Yeon-jae/The Korea Herald)

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London-based Geordie AI, which builds a security and governance platform for AI agents, raised a $30M Series A led by Balderton at an estimated $180M valuation (Jeremy Kahn/Fortune)

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The Steam Deck's huge price hike, from $399 in 2022 to $789 today, is the end of an era for gaming handhelds, coming amid RAMageddon, tariffs, and the Iran war (Sean Hollister/The Verge)

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As Google plans to build a $15B AI data center hub in Visakhapatnam, India, locals and rights groups are raising concerns over "extremely high" water stress (Wall Street Journal)

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The European Commission fines Temu €200M under the DSA for allegedly failing to adequately stop the sale of illegal products; further penalties could follow (Foo Yun Chee/Reuters)

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London- and SF-based Orbital Industries, which uses its Orb model to design advanced materials and then sell them directly, raised a $50M Series B led by Plural (Jeremy Kahn/Fortune)

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Internal speech: JD.com founder Liu Qiangdong vows to protect the company's 900,000 employees from AI and automation, saying it will "do everything possible" (Bloomberg)

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The European Commission launches a full review of JD.com's €2.2B acquisition of German electronics retailer Ceconomy under its Foreign Subsidies Regulation (Bloomberg)

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UK researchers win access to Google's Willow quantum chip, which it says completes a calculation in five minutes that takes supercomputers 10 septillion years (Chris Vallance/BBC)

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Dealroom: London overtakes Paris to reclaim its position as Europe's leading tech hub, and now ranks fourth globally; London startups raised $17.7B in 2025 (Paul Sandle/Reuters)

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Mistral says it is accelerating superintelligence development to ensure Europe's independence from US tech giants, and signs deals to supply Airbus and BMW (Sam Schechner/Wall Street Journal)

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Chip design software maker Synopsys reaches a deal with Elliott, giving one board seat to the activist investor's Jesse Cohn, after roughly two months of talks (Svea Herbst-Bayliss/Reuters)

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Sources: Australia-founded Airwallex, which Keith Rabois accused of being a "Chinese backdoor", is relocating some staff out of China amid its US expansion (Financial Times)

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As the US AI boom drains venture capital from Africa, startups on the continent are pivoting to domestic funding sources, like pension funds and local VC firms (Rivaldo Jantjies/Bloomberg)

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Swedish chip optical component maker Sivers, whose stock is up ~1,700% YTD, giving it a ~$2.5B market cap, has become one of the country's most-shorted stocks (Jonas Ekblom/Bloomberg)

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Anthropic and OpenAI seem to have finally found product-market fit with coding agents, which are quickly becoming daily drivers for highly paid professionals (Simon Willison/Simon Willison's Weblog)

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Surging AI demand causes shortages and price increases across the entire optical supply chain, from lasers and substrates to optical fibers and connectors (Nikkei Asia)

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Sources: ByteDance is developing its own CPUs to support its growing AI infrastructure needs, as chip price hikes and supply shortages constrain expansion plans (Reuters)

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Australia's Q1 investment growth was boosted by record $6.2B data center investment, up ~2x QoQ, supporting an economy strained by energy costs and high rates (James Mayger/Bloomberg)

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Analysis: the Philadelphia Semiconductor Index, which tracks 30 largest US-listed chipmakers, is up ~75% YTD and on track for its biggest annual gain since 1999 (Financial Times)

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Global AI hardware demand is easing China's concerns over a stronger yuan hurting exports, as AI hardware exports surge and chip equipment imports rise (Bloomberg)

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Taiwanese tech companies have completed a record $14.5B of debt deals so far this year, as they race to secure financing to meet soaring demand for AI capacity (Aileen Chuang/Bloomberg)

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Companies are using AI at their global capability centers in India to bring more creative work in-house, cutting turnaround times and reliance on ad agencies (Reuters)

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Swiggy CEO Sriharsha Majety says the company plans to stay out of India's commerce spending war, as Amazon and Flipkart ramp up their quick commerce efforts (Bloomberg)

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Kirkland & Ellis, the world's highest-grossing law firm, is setting aside $500M to build its own AI platform rather than rely on tools available to its rivals (Financial Times)

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Trade Desk's market cap fell ~70% from a December 2024 peak, as it contends with frustrated agency partners, competition from Google, and new entrant Amazon (Patience Haggin/Wall Street Journal)

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Memo: Meta plans to embed engineers and product managers within large corporate customers as part of a new Enterprise Solutions unit to help deploy its AI tools (Jyoti Mann/The Information)

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Sources: the Pentagon is pursuing funding deals with US drone companies, potentially with equity stakes, to increase domestic production and lower unit costs (Wall Street Journal)

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Last.fm announces it is an independent company again, 19 years after being acquired by CBS; it plans to keep its current team and continue the service as normal (Mariella Moon/Engadget)

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Kuaishou reports Q1 revenue up 3.4% YoY to ~$5B and Kling AI revenue up 300%+ YoY to ~$96M; Kling reached a ~$500M annualized revenue run rate in March 2026 (Coco Feng/South China Morning Post)

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