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Techmeme

Amsterdam-based Nebius announces a $10B, 310MW data center in Lappeenranta, Finland, built by developer Polarnode and set to begin phased operations in 2027 (Reuters)

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Wearable maker Whoop raised $575M led by Collaborative Fund at a $10.1B valuation and says it hit $1B in ARR by 2025's end; 60% of its 2025 sales were non-US (Niko Gallogly/New York Times)

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Raspberry Pi reports 2025 revenue up 25% YoY to $323.2M, driven by demand in the US and China; its stock is down 21% in the past year due to memory chip costs (Bloomberg)

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A supply chain attack compromises HTTP client Axios, which has 100M weekly npm downloads, introducing a malicious dependency and deploying a multi-stage payload (Socket)

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Indian government data: India's smartphone exports rose 55% YoY to $11B in H1 FY 2026; analysts warn the Iran war may trigger a 22%-25% drop in the coming weeks (Quratulain Rehbar/Nikkei Asia)

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Sources: London-based chip startup Fractile is in talks to raise over $200M from Accel and others at a $1B valuation; Fractile raised a $15M seed round in 2024 (Financial Times)

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A look at Babel Audio, which pairs anonymous strangers to record their conversations, starting at $17/hour, and bundles those recordings into AI training data (Issie Lapowsky/Bloomberg)

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AI coding agents will drastically alter both the practice and the economics of exploit development, automating the discovery of zero-day vulnerabilities (Thomas H. Ptacek/sockpuppet.org)

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California Gov. Gavin Newsom signs a first-of-its-kind executive order requiring safety and privacy guardrails from AI companies that contract with the state (Cecilia Kang/New York Times)

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Social gaming startup Rec Room is shutting down on June 1, saying it could not find a path to profitability; Rec Room had a $3.5B valuation in December 2021 (Todd Bishop/GeekWire)

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Inside David Sacks' new role shaping Trump's AI agenda; officials say Sriram Krishnan is taking on a position at the National Economic Council to focus on AI (Axios)

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Micron shares closed down 10% on Monday and are now down 30% since Micron's earnings report on March 18; Sandisk fell 7% and Western Digital dropped 9% (Lola Murti/CNBC)

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OpenAI introduces a Codex plugin for Claude Code, letting users invoke Codex from inside Claude Code to review code or delegate tasks (Vaibhav Srivastav/@reach_vb)

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Leaked January presentation: Coatue estimated that Anthropic would lose $14B in EBITDA on $18B in revenue in 2026 and reach a $1.995T valuation in 2030 (Eric Newcomer/Newcomer)

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Alibaba releases its Qwen3.5-Omni omnimodal LLM with support for 10+ hours of audio input, saying the Plus variant surpasses Gemini 3.1 Pro on audio benchmarks (Qwen)

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Levels.fyi: median base-salary offers for US software engineers at VC-backed startups have risen 25% to $200K since 2022; total compensation has risen just 18% (Katherine Bindley/Wall Street Journal)

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Gurman: Apple pulls Apple Intelligence in China, after accidentally launching it in the country; there is no imminent launch as Apple has no regulatory approval (Ryan Christoffel/9to5Mac)

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Sources: US prosecutors are exploring whether some prediction market bets, including on the capture of Nicolás Maduro, violated insider trading and other laws (Kara Scannell/CNN)

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Meta is testing an Instagram Plus subscription in a few countries, offering features including anonymous Story viewing and extended 48-hour Story durations (Aisha Malik/TechCrunch)

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Quinnipiac poll: 55% of Americans say AI will do more harm than good in their day-to-day lives, and 65% oppose building data centers in their community (Emily Birnbaum/Bloomberg)

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Fermi shares drop 12%+ after the data center real estate company reported a $486M YTD net loss, amid concerns over a lack of a tenant for its Texas data center (Financial Times)

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Tel Aviv-based Sett, which builds AI agents to automate game marketing, raised a $30M Series B led by Greenfield Partners, bringing its total funding to $57M (Meir Orbach/CTech)

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Valinor, which aims to use smart contracts to replace manual lending processes in the private credit industry, raised a $25M seed led by Castle Island Ventures (Ben Weiss/Fortune)

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Sources: E*Trade is in talks to lead SpaceX IPO share sale to retail investors; Robinhood and SoFi have pitched for roles but SpaceX is mulling cutting them out (Reuters)

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State of AI safety: as capabilities grow and models can monitor other models, issues like adversarial robustness persist and society is still not ready for AI (Boaz Barak/Windows On Theory)

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Match Group agrees to settle an FTC lawsuit claiming it illegally shared user data from the OkCupid app with facial recognition tech company Clarifai in 2014 (Jonathan Stempel/Reuters)

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A Delaware judge reassigns Elon Musk cases over "disproportionate media attention" after allegations she "liked" a LinkedIn post celebrating a Musk legal defeat (Sujeet Indap/Financial Times)

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Sycamore, founded by former Atlassian CTO Sri Viswanath to let enterprises build, deploy, and monitor AI agents, raised a $65M seed led by Coatue and Lightspeed (Lucinda Shen/Axios)

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After Copilot injected an ad into a pull request on GitHub, referencing Raycast, GitHub says it "disabled product tips entirely thanks to the feedback" (Sean Endicott/Windows Central)

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Examining the Smartphone Theory of Everything, which blames phones for anxiety, populism, and polarization, despite harms being concentrated in the Anglosphere (Derek Thompson)

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ScaleOps, which makes automated cloud spend tools, raised a $130M Series C led by Insight Partners at an $800M+ valuation, bringing its total funding to $210M+ (Meir Orbach/CTech)

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Uber agrees to acquire Berlin-based chauffeur booking app Blacklane for an undisclosed sum to bolster its Uber Elite service, set to close by the end of 2026 (Natalie Lung/Bloomberg)

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Microsoft rolls out Copilot Cowork to its Frontier program for early-stage testing, including a new Researcher Critique tool using Anthropic and OpenAI models (Jared Spataro/Microsoft 365 Blog)

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AI chip startup Rebellions raised $400M in a pre-IPO round at a $2.34B valuation, bringing its total funding to $850M, with $650M in the past six months (Lucas Ropek/TechCrunch)

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New York-based Qodo, which offers AI agents for code review, testing, and governance, raised a $70M Series B led by Qumra, taking its total funding to $120M (Kate Park/TechCrunch)

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OpenAI's ChatGPT app store now has 300+ app integrations six months after its launch, but faces sluggish adoption due to limited functionality for many apps (Natalie Lung/Bloomberg)

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Finnish startup IQM Quantum Computers raised €50M from BlackRock to accelerate its global growth, ahead of a planned dual US and Helsinki IPO later in 2026 (Anne Kauranen/Reuters)

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London-based money transfer company Wise plans to launch UK bank accounts, joining an increasingly crowded market; Monzo reports 15M personal and business users (Aisha S Gani/Bloomberg)

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Space data center startup Starcloud raised a $170M Series A led by Benchmark and EQT at a $1.1B valuation, and plans to launch Starcloud 2 later in 2026 (Tim Fernholz/TechCrunch)

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How Google DeepMind Chief Scientist Jeff Dean has been an outspoken voice on politics, a rare tech leader openly criticizing Trump actions and an ICE shooting (Katherine Blunt/Wall Street Journal)

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A study finds ~$143M in suspicious profits on Polymarket over two years, using patterns consistent with the use of nonpublic info, as prediction markets boom (Bloomberg)

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Some schools in North Carolina, Virginia, Maryland, and Michigan are reevaluating classroom tech usage, including Chromebooks, amid student screen time concerns (New York Times)

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Q&A with NYU professor Julian Togelius on his recent paper about LLMs' limitations in playing video games, why coding is a kind of well-designed game, and more (Matthew S. Smith/IEEE Spectrum)

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Amazon MGM's Project Hail Mary becomes its highest-grossing film ever, crossing $300M globally, including $54.1M just this weekend; the movie cost $200M to make (Brent Lang/Variety)

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Emails, texts, and NTSB reports show Waymo and an Austin school district struggled for months to train robotaxis to stop for school buses as required by law (Aarian Marshall/Wired)

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Chinese photonic chipmaker Yuanjie reported 2025 revenue up 138.5% YoY to ~$86.99M, data center revenue up 719% to ~$56.89M, ahead of its April 1 Hong Kong IPO (Wency Chen/South China Morning Post)

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PwC: 76 mainland Chinese companies listed on Hong Kong Stock Exchange in 2025, up from 30 in 2024, despite the city's waning appeal to international investors (Sylvia Chang/BBC)

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Some defense tech startups are considering relocating to the US due to the UK's military spending delays, as some execs say the UK sector is at a "standstill" (Financial Times)

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An analysis of four large private-credit funds finds an average of ~25% software share exposure vs. ~19% disclosed, amid investor concerns about software stocks (Wall Street Journal)

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Inside the rise and fall of Sora, whose team worked separately from OpenAI's core research team, as OpenAI shuts down Sora and redirects compute to other tasks (Wall Street Journal)

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