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Sources: Oracle leads the race to sell "air-gapped" cloud services to Japan that the US says are key to secure intelligence sharing between Tokyo and its allies (Financial Times)

The UAE gained broader US AI chip access after aiding the US in the Iran war, letting G42 buy freely for at least nine months; G42 plans to become a US company (Wall Street Journal)

Daniel Ek's Neko Health, which offers AI-based full-body scans, raised $700M co-led by Lightspeed and O.G. Venture Partners, sources say at a ~$7B valuation (Bernhard Warner/New York Times)

NYC-based Hadrius, which provides AI-native compliance tools for financial services, raised a $22M Series A led by CRV with participation from Y Combinator (Ryan Lawler/Axios)

Sources: Stripe and PE firm Advent International have jointly offered $60.50/share to acquire PayPal, a 28% premium to Tuesday's close, valuing it at $53B+ (Milana Vinn/Reuters)

Sources: OpenAI researcher Miles Wang is leaving the company to launch an AI drug discovery startup, and is in talks to raise $200M at a $2B valuation (Marina Temkin/TechCrunch)

Meta is sued by 26 current and former employees, who allege its use of AI in May layoffs unfairly targeted workers with disabilities or on protected leave (Wall Street Journal)

Sources: multiple GOP governors and large utilities are expected to join Trump's pledge for data center developers to cover their energy use and infrastructure (Politico)

Monitoring Analytics: PJM's recent electricity auction is expected to add $6.3B to customers' bills in 13 states and DC through 2029 due to data center demands (Ivan Penn/New York Times)

InstaLILY, which develops AI agents to automate sales, operations, and service workflows, raised a $60M Series B led by Energize Capital (Mike Wheatley/SiliconANGLE)

Sources: CoreWeave is exploring the use of financial derivatives as a potential hedge against a future drop in memory and storage chip prices (Max A. Cherney/Reuters)

Study: social networks drove 5.7M+ visits to nudify sites between December 2025 and March 2026, with YouTube accounting for 1.82M and X for 1.3M visits (Ej Dickson/Wired)

OpenAI says Apple's claim that OpenAI never responded to its concerns is false; emails: an Apple lawyer mixed up two OpenAI staffers in Apple's initial outreach (David Ingram/NBC News)

The Trump administration launches the "Gold Eagle" federal clearinghouse for sharing AI cyber threat information between the government and private sector (Derek B. Johnson/CyberScoop)

Cybersecurity stocks rallied on Tuesday after IBM CEO Arvind Krishna flagged cyber fears as a top priority for customers; CrowdStrike jumped 12%, Okta rose 11% (Samantha Subin/CNBC)

The UK government proposes a default overnight social media curfew for 16- and 17-year-olds and disabling features like auto-play and infinite scroll by default (Muvija M/Reuters)

Sources: OpenAI's first device will be a moveable, screen-free smart speaker with a camera and sensors, meant to serve as a humanlike AI companion (Mark Gurman/Bloomberg)

Sources: DeepSeek has started planning for an IPO in China and may file as soon as this year, allowing it to debut in 2027 (Lulu Yilun Chen/Bloomberg)

Anthropic faces ridicule and criticism for an ad titled "There's hope in hard questions" that unsettled viewers with weird graveyard imagery and doomer-ist tone (Lucas Ropek/TechCrunch)

OpenAI says it is "not aware of any evidence" that Apple's lawsuit alleging trade-secret theft has merit, adding that it believes in fair competition (Mark Gurman/Bloomberg)

Adapter, which offers an infrastructure layer to help users leverage and control data for use by AI agents and apps, emerges from stealth with $17.8M in funding (Alex Konrad/Upstarts Media)

Overtone, a "voice- and audio-forward" dating service founded by Hinge creator Justin McLeod that uses AI to make "highly curated introductions", raised $18M (Amanda Silberling/TechCrunch)

A US judge dismisses a proposed class action accusing Apple of failing to stop the dissemination of CSAM through iCloud, saying Section 230 shields the company (Diana Novak Jones/Reuters)

PrismML launches Bonsai 27B, a model based on Qwen3.6 27B that it says runs natively on Apple devices via MLX; its CEO says Apple is evaluating the tech (MacKenzie Sigalos/CNBC)

A look at Founders Fund-backed State Affairs, which raised $70M and uses AI trained on reporting by its 76 staffers to power a Bloomberg Terminal-like product (Washington Post)

TerraFirma, a construction tech company founded by two former SpaceX engineers to build remote-controlled construction equipment, raised $115M (Samantha Subin/CNBC)

Sources: Uber is in advanced talks to acquire Delivery Hero in a deal valuing the German food-delivery company well above its recent market value of €11.2B (Bloomberg)

Google Images launches a Pinterest-like redesign with a browsable, dynamic gallery of images, and adds a way for users to create AI images in Search (Aisha Malik/TechCrunch)

The European Commission proposes exempting wearable tech from rules requiring removable batteries, clearing a hurdle for Meta's smart glasses, after US pressure (Politico)

Anthropic announces a new Claude for Teachers initiative, as part of which it will provide K-12 teachers in the US free access to premium Claude features (Zac Hall/9to5Mac)

Sources: data center operator Switch has hired investment banks for a US IPO that could raise up to $10B and value it at $80B, set for as soon as Q4 (Reuters)

Hachette, Elsevier, Cengage Learning, and author Scott Turow sue Google for allegedly using millions of copyrighted books and articles to build AI models (A.J. Katz/The Wrap)

A Trump administration official says a "trivial" number of Nvidia's H200 chips were shipped to China after winning a US license, without offering specifics (Bloomberg)

Chinese startup DFSX launches an AI chip that it claims uses a fully domestic supply chain and can rival 4nm chips depite being built on a 14nm process (Wall Street Journal)

Velocity, a stablecoin treasury and settlement platform, raised a $38M Series A led by Dragonfly and FirstMark, bringing its total funding to around $50M (Daniel Kuhn/The Block)

OpenAI strikes a partnership with Kalshi to show FIFA World Cup prediction market data in ChatGPT search results, its first deal with a prediction market (Mike Isaac/New York Times)

Spotify launches Talk to Spotify, letting users create playlists and more via voice, rolling out in beta to Premium users age 18+ in the US, Ireland, and Sweden (Steve Dent/Engadget)

Researcher: SpaceXAI's Grok Build CLI uploaded user repos to a Google Cloud Storage bucket; uploads have now stopped and Musk says prior uploads will be deleted (Connor Jones/The Register)

Filing: Chinese chipmaker CXMT is seeking to raise ~$9.8B in an IPO on Shanghai's chip-heavy STAR Board, pricing 6.69B shares at ~$1.28 each (David Morris/Bloomberg)

AI startup Reflection says it has signed a $1B+ deal to secure computing capacity from Nebius, including access to Nvidia chips, following a deal with SpaceX (Aditya Soni/Reuters)

Kalshi launches a forward curve tool for AI compute, using event contracts to track the future rental costs of GPUs, storage, and memory (Katherine Doherty/Bloomberg)

Seattle-based Brinc Drones, which makes 911 response drones, raised $125M led by Motorola Solutions, bringing its total funding to more than $280M (Todd Bishop/GeekWire)

Flex, which offers AI-based payment tools, credit, and more to mid-sized companies, raised a $70M Series B1 led by Halo Fund, a source says at a $1.2B valuation (Aditya Soni/Reuters)

Analysis: xAI has installed far more gas turbines without US permits at Colossus 2 than it has publicly acknowledged, impacting Black neighborhoods the hardest (Reuters)

Discount airline Frontier partners with SpaceX to offer Wi-Fi for the first time from early 2027, as it targets customers willing to pay more for premium travel (Alison Sider/Wall Street Journal)

Custom AI chip design startup TYLsemi raised $43M in early-stage funding led by Matter Venture Partners to build modular chips thanks to packaging tech advances (Mike Wheatley/SiliconANGLE)

Sources and telecom data: a coordinated campaign of SS7 pings was used to track the locations of US personnel during the US-led strikes on Iran in late February (Financial Times)

AI drug design startup Chai Discovery raised $400M led by Index at a $3.8B valuation, as it pitches its models as AI infrastructure for pharmaceutical companies (Michael J. de la Merced/New York Times)

The European Commission approves €659M in German state aid to support four first-of-a-kind chip facilities in Germany, saying they will strengthen EU autonomy (Kirsti Knolle/Reuters)

IBM reports preliminary Q2 revenue up 1% YoY to $17.2B, below $17.9B est., as CEO Arvind Krishna says customers are shifting spending to chips; IBM falls 20%+ (Amy Thomson/Bloomberg)