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Techmeme

Sources detail how Google is using Nvidia's playbook to build an AI chip business, including providing $3.2B to fund a NY data center renting TPUs to Anthropic (Wall Street Journal)

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Barret Zoph leaves OpenAI again five months after rejoining in January; Zoph initially left OpenAI in 2024 to serve as Thinking Machines Lab co-founder and CTO (Hayden Field/The Verge)

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Sources: about 200 companies accessing Mythos Preview through Project Glasswing have preserved their access despite a recent US government shutdown order (Bloomberg)

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The CFTC permanently bans Celsius founder Alex Mashinsky from trading in markets it oversees as part of a settlement resolving its 2023 lawsuit against him (Jesse Coghlan/Cointelegraph)

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Sources: Commerce Secretary Howard Lutnick questioned ASML leaders on concerns China acquired one of its EUV machines, violating US-led export restrictions (Bloomberg)

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Source: Elastic has agreed to acquire the AI site reliability engineering startup Deductive AI for up to $85M; CRV led Deductive AI's $7.5M seed round in 2025 (Marina Temkin/TechCrunch)

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Appfigures: daily downloads of major VPN apps in India rose 49% on June 16 after India announced its Telegram ban; Proton and Turbo recorded largest increases (Jagmeet Singh/TechCrunch)

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Sources: SpaceX plans to raise $20B in a bond sale as soon as next week; the funds would be used to pay back a $20B bridge loan taken out after the xAI merger (Financial Times)

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Doc: SpaceX says the EU's plan to reserve satellite spectrum for European operators risks disrupting connectivity, including for emergency services in Ukraine (Financial Times)

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A US circuit court overturned an injunction against Ohio, allowing the state to implement a law forcing platforms to seek parental consent if a user is under-16 (Nate Raymond/Reuters)

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A profile of Meta President Dina Powell McCormick, who has become one of Silicon Valley's top power brokers as she helps oversee Meta's AI infrastructure push (Financial Times)

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Intel names former SK Hynix CEO Seok-Hee Lee as EVP of Intel Foundry; Naga Chandrasekaran will lead front-end technology development and front-end manufacturing (Juby Babu/Reuters)

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Sources: Kalshi is generating $2B+ in annualized revenue, up about three times from November, and has held informal talks with banks about an eventual IPO (Yueqi Yang/The Information)

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Snap plans to spin off an internal generative AI video team into Dotmo, a new company focused on AI models for interactive gaming experiences, citing high costs (Lucas Ropek/TechCrunch)

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Sources: Meta is under contract to buy roughly 1.6 GW of computing capacity from Crusoe across two data centers in Texas and Missouri (Bloomberg)

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Unsealed docs: Google lost a court fight against a 2023 US warrant in a Jan. 6 pipe bomb probe seeking info of 300+ users who searched for the RNC and DNC HQs (Zoe Tillman/Bloomberg)

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Sources: the White House and Anthropic are working on a framework that would assess the severity of AI security flaws, a sign that negotiations are progressing (Politico)

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Sources: APEC, a derivatives exchange founded by the 22-year-old son of pro-crypto Senator Kirsten Gillibrand, raised $30M led by Lux at a $300M valuation (Ben Weiss/Fortune)

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GLM-5.2 is the leading open weights model on Artificial Analysis' Intelligence Index, scoring 51, only behind Fable 5's 60, Opus 4.8's 56, and GPT-5.5's 55 (Artificial Analysis)

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New book: Trump mocked Zuckerberg and Bezos by showing associates their fawning texts, saying they were "kissing my ass"; Musk called it "First-class groveling" (Hugo Lowell/Wired)

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Rockstar Games announces that pre-orders for Grand Theft Auto VI will go live on June 25; TTWO closed up 4.93% (Zack Zwiezen/Kotaku)

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Apple opens iOS to alternative app marketplaces in Brazil and changes App Store commission structure following a settlement with competition watchdog CADE (Marcus Mendes/9to5Mac)

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Former Trump AI adviser Dean Ball is joining OpenAI to lead a new team called Strategic Futures, focused on frontier AI policy and internal governance (Ashley Gold/Axios)

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Sources: General Intuition, which trains AI agents in spatial reasoning, is in talks to raise $300M from Jeff Bezos and others at a $2B+ valuation (Rebecca Bellan/TechCrunch)

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Amazon's AI chief Peter DeSantis says the company is in talks to sell its custom Trainium AI chips for use in third-party data centers (Mark Bergen/Bloomberg)

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Filings: Waymo pulls its ~4K robotaxis from highways after finding 13+ instances of the cars driving into highway sections under construction (Sean O'Kane/TechCrunch)

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Seattle-based Gradial, which makes AI agents that automate enterprise marketing workflows, raised a $65M Series C led by Insight Partners at a $675M valuation (Kerry Flynn/Axios)

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Sources: the early Chinese backers of Manus, including HSG, ZhenFund, and Tencent, plan to buy the AI startup back from Meta at the $2B price Meta paid (The Information)

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Architect Labs, which aims to use AI to cheapen and speed up the process of designing custom chips, raised a $24M seed led by Kindred Ventures (Max A. Cherney/Reuters)

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Sources: as early as next week, the EU is set to unveil its preliminary findings that AWS and Azure seem to meet the criteria for regulation under the DMA (Bloomberg)

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As David Sacks steps back and Sriram Krishnan prepares to leave, Commerce Secretary Howard Lutnick and others are leading AI policy in the Trump administration (Maria Curi/Axios)

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Hive's stock jumps 5%+ after the company announced a $220M, three-year GPU cloud contract with Bell Canada and Cohere, as it pivots away from bitcoin mining (James Van Straten/CoinDesk)

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Former Gojek CEO and Indonesian education minister Nadiem Makarim is charged with taking ~$46M in rewards tied to a Chromebook procurement contract for schools (Bloomberg)

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An in-depth look at Meta's AI-fueled rampage through its engineering organization, 30% to 50% of engineers on core teams reassigned to data labeling, and more (Gergely Orosz/The Pragmatic Engineer)

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Prem AI, a Swiss startup that lets hedge funds and law firms run AI models on their own infrastructure, is raising a $100M Series A, targeting a $500M valuation (Natalia Kniazhevich/Bloomberg)

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Accenture says it will buy a majority stake in Dragos and fully acquire runZero and NetRise in a combined deal for the cybersecurity startups valued at $4.18B (Anhata Rooprai/Reuters)

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Verse Enterprises, which wants to provide energy-management software for 100 data centers by 2027, raised a $54M Series B from Nvidia and others (Summer Maxwell/Bloomberg)

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Trump, who entered office opposing AI regulation, is shaping the industry through case-by-case interventions without clear rules, creating major uncertainty (Axios)

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AI inference startup Baseten is raising $1.5B in a dual-tiered deal, with some investors putting in money at an $11B valuation and others at a $13B valuation (Angel Au-Yeung/Wall Street Journal)

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Report: DeepSeek's first external funding round has a non-negotiable term for investors to not poach its staff or encourage them to start their own companies (CNBC)

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Guardrails Alliance, a super PAC that has raised $5M, debuts to advocate for AI safety legislation and counter pro-industry lobbying, running ads for Alex Bores (New York Times)

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Dream, co-founded by ex-NSO Group CEO Shalev Hulio with a focus on protecting critical infrastructure, raised $260M at a $3B valuation, up from $1B in 2025 (Galit Altstein/Bloomberg)

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Intel stock jumps around 9% in premarket trading, after Trump said "Apple has agreed to work with Intel to design and build its Chips in America" (Kai Nicol-Schwarz/CNBC)

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A look at 764, an online group the FBI declared domestic terrorists due to members manipulating teen girls into sharing sexual pictures and cutting themselves (Margi Murphy/Bloomberg)

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As tech giants rush to build AI infrastructure, some residents living near data centers say a constant infrasonic vibration is ruining their health and homes (Adeel Hassan/New York Times)

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A PwC study suggests that AI is rewarding companies that use it to enhance human skills, while leaving those that use it merely to cut costs further behind (Saritha Rai/Bloomberg)

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Businesses have started using Kalshi to hedge business risks; Kalshi says institutional trading volume on its platform has grown 800% since November 2025 (Michael J. de la Merced/New York Times)

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The Bank of Korea warns rising bonuses at some South Korean chipmakers could fuel broader wage growth and consumer spending, complicating the inflation outlook (Heesu Lee/Bloomberg)

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SpaceX's all-stock Cursor deal illustrates the power of public markets, which could help SpaceX narrow the gap with Anthropic and OpenAI through acquisitions (New York Times)

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Nation-state hackers are increasingly using preinstalled software on low-cost home devices to create residential proxy networks and mask cyberattack traffic (Robert McMillan/Wall Street Journal)

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