← Back to news
T

Techmeme

Analysis: South Korea's equity market overtakes Canada's as the world's seventh largest, driven by Samsung and SK Hynix, whose stocks have more than doubled YTD (Sangmi Cha/Bloomberg)

T

Arm expects the AGI CPU, its own AI chip for data centers, to drive $2B in sales in FY2027 and FY2028, doubling its March 2026 sales guidance for the period (Simon Sharwood/The Register)

T

Moonshot, the Chinese AI startup behind Kimi chatbot, raised ~$2B at a $20B+ valuation led by Meituan's venture arm; Moonshot's ARR topped $200M in April 2026 (Zheping Huang/Bloomberg)

T

Bristol Myers Squibb's Massachusetts facility boosted drug production volume for clinical and commercial use by ~40% with AI, a bright spot in US manufacturing (Farah Stockman/New York Times)

T

Bengaluru-based Pronto, an on-demand home-help service, raised a $20M Series B extension from Lachy Groom at a $200M valuation, up from $100M in March (Jagmeet Singh/TechCrunch)

T

FanDuel CEO Amy Howe departs after five years, succeeded by President Christian Genetski, as parent company Flutter reports MAUs fell 3% YoY to 14.4M in Q1 2026 (Christopher Kuo/Wall Street Journal)

T

Anthropic researchers detail "model spec midtraining", which adds a stage between pretraining and fine-tuning to improve generalization from alignment training (Anthropic)

T

Sources: the US and China are considering recurring talks on the security risks posed by AI models, with Scott Bessent leading the American side (Lingling Wei/Wall Street Journal)

T

Are you there Grok? It's me, Margaret (Jerusalem Demsas/The Argument)

T

A US appeals court strikes down a 2023 FCC rule banning broadband access discrimination based on income, race, and more; Chair Brendan Carr welcomes the ruling (Jon Brodkin/Ars Technica)

T

Scale AI wins a $500M DOD contract through the Chief Digital and AI Office to help sift data and assist in decision-making, after receiving a $100M deal in 2025 (Jen Judson/Bloomberg)

T

Musk v. Altman: Shivon Zilis testifies her relationship with Musk didn't influence her duties as an OpenAI board member; she left in 2023 after Musk started xAI (Carly Nairn/Courthouse News Service)

T

Filing: Meta asks a judge to overturn the jury's verdict in the Los Angeles social media addiction trial or order a new trial, citing Section 230 protections (Diana Novak Jones/Reuters)

T

Snap reports Q1 revenue up 12% YoY to $1.53B, in line with est., and says it ended its $400M Perplexity deal announced in November; SNAP drops 4%+ after hours (Jonathan Vanian/CNBC)

T

DoorDash reports Q1 revenue up 33% YoY to $4.04B, vs. $4.14B est., and forecasts Q2 marketplace gross order value above estimates; DASH jumps 11%+ after hours (Koyena Das/Reuters)

T

Arm reports Q4 revenue up 20% YoY to $1.5B, says AGI CPU demand will drive $2B in sales in 2027 and 2028, over 2x its prior guidance; ARM jumps 11%+ after hours (Michael Acton/Financial Times)

T

Google Chrome silently installs a ~4GB Gemini Nano model on desktop devices; Google says it has been offered since 2024 and users can remove it via settings (Ben Schoon/9to5Google)

T

Corgi, which provides insurance for startups and uses AI to generate quotes, manage claims, and more, raised a $160M Series B led by TCV at a $1.3B valuation (Richard Nieva/Forbes)

T

Musk v. Altman: Mira Murati testifies that Sam Altman lied to her about the safety standards for a new OpenAI model and that he made her work more difficult (Jay Peters/The Verge)

T

Instacart reports Q1 revenue up 14% YoY to $1.02B, GTV up 13% to $10.29B, and orders up 10%, compared with a 16% growth a year earlier; CART drops 8.18% (Neil J Kanatt/Reuters)

T

Anthropic says it signed a deal with SpaceX to use "all of the compute capacity" at Colossus 1, giving it access to over 300 MW of new capacity within the month (Axios)

T

Google releases Multi-Token Prediction drafters for its Gemma 4 models, which use a form of speculative decoding to guess future tokens for faster inference (Ryan Whitwam/Ars Technica)

T

Sources: Microsoft is considering delaying or dropping its 2030 goal of matching its hourly power use with renewable energy purchases, amid the data center boom (Bloomberg)

T

Following its SpaceX deal, Anthropic doubles Claude Code's five-hour rate limits for paid plans and removes peak hours limit reduction for Pro and Max plans (Anthropic)

T

SpaceX signs an agreement with Anthropic to provide access to Colossus 1, and says Anthropic expressed interest in partnering for orbital compute capacity (xAI)

T

Anthropic updates Claude Managed Agents with "dreaming", a scheduled process that reviews recent work and updates memory, available in research preview (Frederic Lardinois/The New Stack)

T

Sources: DeepSeek is in talks to raise $3B to $4B led by China's national AI fund, valuing DeepSeek at up to $50B (Reuters)

T

London-based Ethos, which lets companies use AI for hiring, including for voice interviews and profile analysis, raised a $22.75M Series A led by a16z (Ana-Maria Stanciuc/The Next Web)

T

Google DeepMind takes a minority stake in the maker of Eve Online, a multiplayer role playing game set in outer space, and plans to train its tech on the game (Cecilia D'Anastasio/Bloomberg)

T

SCOTUS rejects Apple's request to temporarily block a judicial order in the Epic Games lawsuit that found Apple in violation of court-mandated App Store changes (Mike Scarcella/Reuters)

T

The UK FCA says it is investigating PayPal, Mastercard, and Visa for alleged anti-competitive behavior; Visa says it is "regarding the PayPal digital wallet" (Laith Al-Khalaf/Financial Times)

T

Google updates AI Mode and AI Overviews to add "a preview of perspectives" from firsthand sources like social media and Reddit, presented as "Expert Advice" (Jess Weatherbed/The Verge)

T

Morgan Stanley rolls out a crypto trading pilot on E*Trade, charging less than Coinbase, Robinhood, and Charles Schwab, ahead of a wider launch later in 2026 (Hannah Levitt/Bloomberg)

T

Apple's R&D spending hit 10.3% of revenue in Q2, up from 7.6% in Q1 and 9% in Q2 2025, amid the AI boom; Q2 revenue rose 17% YoY, while R&D jumped 34% YoY (CNBC)

T

Nvidia invests $500M in Corning, which will grow its US optical connectivity capacity by 10x and expand its US fiber production capacity by 50%+; GLW jumps 15%+ (Nicholas G. Miller/Wall Street Journal)

T

reMarkable Paper Pure review: the new $399 e-paper slate has a great display, responsiveness, and design, but no backlight or typing, and some software issues (Daniel Cooper/Engadget)

T

Magnitt: startup funding in the Middle East and North Africa was flat YoY at $799M in Q1 amid the Iran war; Saudi VC firms are pressing ahead with fundraising (Yassmin Jabri/Bloomberg)

T

A profile of David Sacks, the White House's AI and crypto adviser since December 2024, who is ruthlessly devoted to self-interest and helped pass the GENIUS Act (George Packer/The Atlantic)

T

Sources: in a reshuffle, LinkedIn CEO Ryan Roslansky will lead Microsoft's new Work Experiences Group, including Teams, after 35-year veteran Rajesh Jha retired (Tom Warren/The Verge)

T

Corning and Nvidia partner to open three advanced manufacturing plants in North Carolina and Texas dedicated to optical tech for Nvidia, creating 3,000+ jobs (Katie Tarasov/CNBC)

T

OpenAI partners with Microsoft, AMD, Broadcom, Nvidia, and Intel researchers to detail the Multipath Reliable Connection (MRC) protocol to help scale compute (Nat Rubio-Licht/The Deep View)

T

Instacart reports Q1 revenue up 14% YoY to $1.02B, above $1.01B est., GTV up 13% YoY to $10.29B, and orders up 10% YoY to 91.2M, as users focus on affordability (Nicholas G. Miller/Wall Street Journal)

T

Crypto miner Hut 8 signs a lease worth $9.8B+ over 15 years to provide computing power to a "high-investment-grade company" at its Nueces County, Texas campus (Dina Bass/Bloomberg)

T

Uber reports Q1 revenue up 14% YoY to $13.2B, below $13.3B est., Gross Bookings up 25% YoY to $53.7B, trips up 20% YoY to 3.6B, and a $1B revenue UK tax law hit (Financial Times)

T

Doc: SpaceX proposes spending $55B to begin building a Terafab chip facility in Grimes County, Texas, and estimates total capital expenditures could hit $119B (Debby Wu/Bloomberg)

T

Finnish AI lab QuTwo, led by ex-AMD Silo AI CEO Peter Sarlin, raised a €25M angel round at a €325M valuation, and secures $23M in committed partnership revenue (Anna Heim/TechCrunch)

T

Sources: Denver-based, Blue Owl Capital-owned Stack Infrastructure is considering selling all or some of its Asia data center operations in an up to $30B deal (Bloomberg)

T

DefiLlama: investors pulled nearly $14B from the DeFi space after North Korea-tied hackers stole $290M from Aave in April, weeks after stealing $280M from Drift (Financial Times)

T

A medical student reverse-engineered AI tools used by medical colleges on suspicion they were filtering his applications, highlighting AI-driven hiring concerns (Todd Feathers/Wired)

T

Sources: DeepSeek is in talks to raise funds, and the Big Fund, China's biggest state-backed chip fund, is seeking to lead the investment at a ~$45B valuation (Financial Times)

T