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Techmeme

Sources: Qualcomm is in talks to design custom chips for ByteDance, based partly on connectivity tech from Alphawave Semi, which Qualcomm acquired in 2025 (Reuters)

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SK Hynix overtaking Samsung to become South Korea's most valuable company is the culmination of 14 years of bets on HBM, which paid off as the AI boom took off (Reuters)

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Sources: India drives 50%+ of WhatsApp's revenue, generating $1B+ annually, largely via business messaging, likely helping Kunal Shah get WhatsApp's top job (Moneycontrol)

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London-based Isometric, which develops AI agents that work with human verifiers to automate industrial certification, raised a €34M Series A led by AVP (David Cendon Garcia/EU-Startups)

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New York-based Probook, which is building an AI operating system for home service businesses, raised a $34M Series A led by a16z and a $6M seed led by Sequoia (Lily Mae Lazarus/Fortune)

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AI creative tools startup Krea, which has raised $83M and claims to have 30M users, releases the open weights for its image model Krea 2 under a custom license (Carl Franzen/VentureBeat)

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Sources: Zhipu is considering a multibillion-dollar Hong Kong share sale after its stock surged 2,000% since its January IPO, pushing its market cap above $128B (Dong Cao/Bloomberg)

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Customer engagement service MoEngage acquires Aampe, whose AI agents help brands personalize messaging, for "tens of millions", per a source; Aampe raised ~$28M (Jagmeet Singh/TechCrunch)

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Sources: prices for Nvidia's AI chips on China's black market have more than doubled amid a US export crackdown; its flagship DGX B300 server has risen to $1.1M (Eleanor Olcott/Financial Times)

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Flipkart says it plans to expand its network of micro-fulfillment centers in India to 1,500 by the end of 2026, as it also claims orders have grown ~400% YoY (Jagmeet Singh/TechCrunch)

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Superhuman acquires AI detection startup GPTZero, which has 19M+ registered users and $30M in annual recurring revenue; PitchBook: GPTZero is valued at $88M+ (Geoff Weiss/Business Insider)

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Alex Bores, a NY congressional candidate who argued for AI safeguards, lost to Micah Lasher in the Democratic primary, which drew millions in AI PAC spending (Ben Kamisar/NBC News)

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Sources: the NSA was red-teaming Mythos 5 before losing access amid the Anthropic dispute; the tests showed Mythos identified flaws in classified systems (New York Times)

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Orderful, which offers AI-powered tools to automate supply chain data management, raised a $35M Series C led by KDT, bringing its total funding to $85M (Maria Deutscher/SiliconANGLE)

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xLight, a startup developing advanced lasers for EUV machines, told investors that it is in talks to raise $350M led by Boardman Bay and Bain Capital (The Information)

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Micron and Sandisk led a tech selloff on Tuesday, falling more than 13%; Western Digital fell 8%, Marvell 9%, Seagate 5%, Qualcomm 8%, and Applied Materials 8% (Britney Nguyen/MarketWatch)

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YouTube settles a lawsuit ahead of a second California trial over social media harms to minors; Meta, TikTok, and Snap remain defendants (Hillel Aron/Courthouse News Service)

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Sources: the Trump administration is pressing Meta to submit its AI models for voluntary review; Meta is the only major US AI developer without an agreement (New York Times)

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Cerebras reports Q1 revenue up 94% YoY to $193.4M, net loss down 41% to $14M, and forecasts core gross margin to shrink in Q2; CBRS drops 8%+ after hours (Jordan Novet/CNBC)

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Mistral debuts OCR 4, a model featuring structured document extraction with bounding boxes, block classification, and inline confidence scores, in 170 languages (Mistral AI Blog)

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Sources: Hadrian, which is building AI-powered factories to produce space and defense parts, is in talks to raise ~$1B at a ~$7.5B post-money valuation (Bloomberg)

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Sources: Miami-based cybersecurity company Varonis is exploring options including a potential sale after receiving takeover interest; VRNS jumps 6%+ (Bloomberg)

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The FCC says an auction of wireless mid-band spectrum raised $3.5B+, which will largely be used to fund the replacement of Chinese telecom equipment in the US (David Shepardson/Reuters)

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Walmart acquires Vibe.co, which lets businesses create and buy ads on CTVs, sources say for $1.4B cash; top executives get $180M to stay for four years (Sarah Nassauer/Wall Street Journal)

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Alibaba sues the DOD, seeking removal from a blacklist of companies supporting China's military, says the decision is a violation of constitutional due process (Bloomberg)

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On the first day of their trial, two members of Scattered Spider plead guilty in the UK to charges stemming from a 2024 cyberattack on Transport for London (Brian Krebs/Krebs on Security)

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Anthropic launches Claude Tag, an agentic AI coworker for Slack that can learn context, give suggestions, and more, in beta for Claude Team and Enterprise tiers (David Gewirtz/ZDNET)

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Sources: Meta is building a standalone prediction markets app called Arena, which would probably rely on video game-like points instead of money wagers (New York Times)

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SpaceX raised $25B in its debut US bond sale; sources: the offering drew nearly $90B of orders at its peak, falling to $73B by the time the deal priced (Bloomberg)

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Stark, which has a deal to supply "kamikaze" drones to the German military, raised €500M from Founders Fund, Sequoia, others; it faced criticism over Thiel ties (Financial Times)

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LastPass notifies customers that their personal information and customer support case records were stolen during a hack at Canadian market research company Klue (Zack Whittaker/TechCrunch)

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Beehiiv adds Cloudflare AI Crawl Control to writers' dashboards, allowing them to decide whether AI crawlers can scrape their work (Duncan Riley/SiliconANGLE)

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Market intelligence company Klue confirms it has suffered a breach, for which cybercrime group Icarus takes credit; Jamf, HackerOne, and others are affected (Zack Whittaker/TechCrunch)

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Walmart acquires Paris-based Vibe.co, which lets businesses create and run targeted ads on streaming services; Vibe.co's co-founders will join Walmart Connect (Brian Steinberg/Variety)

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SCOTUS ends a suit alleging Cisco aided China's Falun Gong persecution, further limiting a law used to hold corporations liable for overseas human rights abuses (Jan Wolfe/Reuters)

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The Ethereum Foundation cuts ~20% of its workforce, or 54 staff, as part of a broad restructuring amid leadership turnover and growing Ethereum fragmentation (Margaux Nijkerk/CoinDesk)

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Sources: Abu Dhabi's MGX has raised close to $50B from regional sovereign wealth funds, global pension funds, and others to accelerate spending on AI deals (Dinesh Nair/Bloomberg)

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Menlo raised $3B for funds dedicated to backing AI startups, its largest fundraising to date; sources say Menlo's Anthropic stake is currently worth nearly $14B (Natasha Mascarenhas/Bloomberg)

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Meta's Starfire glasses with Kylie Jenner include a tiny gemstone on the lens, a metal nose pad to prevent absorbing makeup, and an AI version of Kylie's voice (Julian Chokkattu/Wired)

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Meta says Meta Glasses are its first AI glasses to launch with Meta AI powered by Muse Spark, and come in a range of color and lens combinations for 26 styles (Meta Newsroom)

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Meta Fury, Meta Adventurer, and Meta Glasses by Kylie have EssilorLuxottica stamped on the inside; Meta executives say dropping "Ray-Ban" helps lower the price (Victoria Song/The Verge)

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Meta unveils Meta Adventurer and Fury glasses, each priced at $299, its first under its own brand, and a $399 Starfire model in collaboration with Kylie Jenner (Mark Gurman/Bloomberg)

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New York-based crypto analytics startup Allium raised a $40M Series B led by Amplify Partners, with participation from Kleiner Perkins and others (Ben Weiss/Fortune)

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The Netherlands joins the US-led Pax Silica initiative alongside South Korea and Japan to coordinate AI supply chains; Taiwan endorses it as a non-signatory (Toby Sterling/Reuters)

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ByteDance unveils Seedance 2.5, saying the AI video model can generate up to 30-second clips from up to 50 reference materials, up from 12 for Seedance 2.0 (Juro Osawa/The Information)

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Google plans a 12-week incubator, picking 10 to 20 AI startups from its "Xoogler" alumni and providing up to $350K in cloud credits and $100K in direct funding (Guinevere Grant/Bloomberg)

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How Sam Altman's 80+ personal investments, many from his time running YC, benefit from ties to OpenAI; 10+ companies have discussed business deals with OpenAI (Wall Street Journal)

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Top500: China's Arm-based LineShine passes the US' El Capitan by 20%+ as the world's fastest supercomputer, the first time China has taken the crown since 2017 (Don Clark/New York Times)

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The EU will apply a €3 duty on items under €150 from July 1, as the bloc seeks to slow the flood of low-priced merchandise from retailers like Shein and Temu (Brendan Murray/Bloomberg)

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South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro and ASML fall ~7%, and US tech stocks fall in pre-market trading (Chloe Taylor/CNBC)

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