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Techmeme

Valve raises Steam Deck OLED prices due to "rising memory and storage costs"; the 512GB model is now $789, up from $549, and the 1TB model is $949, up from $649 (Jay Peters/The Verge)

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Meta rolls out Plus plans for Instagram, Facebook, and WhatsApp globally, will test $7.99/mo. and $19.99/mo. Meta AI plans, a $49.99/mo. creator plan, and more (Sarah Perez/TechCrunch)

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OpenAI announces partnerships to combat election misinformation, offering cybersecurity products to state officials and backing legislation to curb deepfakes (Maria Curi/Axios)

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Starlette, an open-source Python framework underpinning FastAPI, has a vulnerability called BadHost that can allow hackers to bypass authorization (Dan Goodin/Ars Technica)

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OpenAI Foundation says it is committing an initial $250M for grants, partnerships, and direct work aimed at helping workers and economies navigate AI disruption (Reuters)

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Tensormesh, whose inference platform uses KV caching to reduce costs, raised a $20M seed extension, bringing its total funding to $24.5M (Chris Metinko/Axios)

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NYC-based Pace, whose AI agents automate back-office operations for insurance companies, raised a $46M series B led by Thrive and Sequoia at a $375M valuation (Anna Tong/Forbes)

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AI coding startup Cognition AI raised more than $1B at a $26B valuation, and says its revenue run rate has increased to $492M from $37M in May 2025 (Rebecca Torrence/Bloomberg)

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Opendoor co-Founder Eric Wu's NavigateAI, which is building an expert AI coach for construction workers, raised a $25M seed led by Elad Gil at a $225M valuation (Anna Tong/Forbes)

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ElevenLabs launches Music v2, which can switch genres mid-track and handle complex vocal compositions, built on licensed data and cleared for commercial use (Ivan Mehta/TechCrunch)

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Trajectory, founded by ex-DeepMind, Apple, OpenAI and Meta researchers to build continual learning models, raised a $15M seed at a $115M post-money valuation (Maxwell Zeff/Wired)

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Roku launches its first major homescreen overhaul in over a decade, including a large "marquee" ad spot to tout apps or shows, in a bid to drive more engagement (Alex Weprin/The Hollywood Reporter)

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Amazon says it is making the "architecture, starter code, and learnings" from Alexa for Shopping available to third-party retailers, starting with Kate Spade (Annie Palmer/CNBC)

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The EU proposes new satellite access rules to let non-European companies like SpaceX bid for the airwaves, while preserving 33%+ of licenses for local companies (Paula Doenecke/Bloomberg)

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DC-based Airis Labs, which uses AI to convert visual data to law enforcement intelligence, emerges from stealth with a $31M Series B, for $60M in total funding (Chris Metinko/Axios)

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Polymarket is making it harder to use VPNs to access its service, blocking some IPs and suspicious accounts, and is asking some customers to identify themselves (Michael Roddan/The Information)

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YouTube makes its AI content labels more prominent on desktop and mobile, and will apply them automatically if it detects "significant photorealistic AI use" (Todd Spangler/Variety)

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Robinhood launches a feature to let users link AI agents, such as Claude or Cursor, to separate, dedicated investment accounts for trading stocks autonomously (Hannah Erin Lang/Wall Street Journal)

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Biohub, a Mark Zuckerberg- and Priscilla Chan-funded institute, releases "a world model of protein biology" to researchers for prediction, design, and discovery (Ina Fried/Axios)

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The Shanghai Stock Exchange says memory maker CXMT cleared a listing review for the exchange's Nasdaq-like STAR Board, in what could be China's top IPO in 2026 (Wall Street Journal)

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Source: TSMC CEO C.C. Wei told staff that they will see a 30%+ bump in their profit-sharing payouts in 2026 on average, after some staff voiced concerns online (Bloomberg)

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Temu owner PDD reports Q1 revenue up 11% YoY to ~$15.7B, below ~$16.2B est., net profit down 15% to ~$1.85B, below ~$3.4B est., amid fierce competition in China (Wall Street Journal)

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Sources: ByteDance is discussing up to $70B of 2026 capex as it builds out data centers and other AI infrastructure, underwritten by its ~$50B profit in 2025 (Bloomberg)

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Demis Hassabis says he still broadly expects AGI around 2030, though he now sees 2029 as a possibility, and 2026's "agentic era" is a "bit like a practice run" (Ina Fried/Axios)

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Milan-based social travel startup WeRoad raised a $58M Series C led by Airbnb, taking its total funding to ~$100M, to expand into the US, starting in Austin (Lauren Forristal/TechCrunch)

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Sources: Germany and Spain are leading opposition to the EU's plan to ban Chinese suppliers like Huawei from telecom networks as part of new cybersecurity rules (Bloomberg)

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Jensen Huang says Nvidia spends $100B-$150B per year on its Taiwan supply chain, up from $10B-$15B in 2022-2023, and will boost its 1,000 staff there to 4,000 (Nikkei Asia)

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Datacurve releases the DeepSWE coding benchmark, a 113-task test across 91 open-source repositories: GPT-5.5 leads at 70%, GPT-5.4 got 56%, and Opus 4.7 got 54% (Michael Nuñez/VentureBeat)

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Xreal launches a new sub-brand, X by Xreal, and $299 a01 display glasses with micro OLED displays, a 50° FOV, and a 62g weight, set for a July release in the US (Scott Stein/CNET)

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Sources: Taiwan suspects three people smuggled at least one shipment of Nvidia chips to China after exporting them to Japan; Taiwan detained the trio last week (Bloomberg)

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Amazon says it invested £15B in the UK in 2025, including new sites and expanded studio facilities, keeping it on track to invest £40B over three years by 2027 (Reuters)

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How AI is starting to dismantle the hegemony of the Big Four consultancies and other large firms, as AI agents help smaller consultancies handle big workloads (Financial Times)

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Sources: EU leaders are divided on curbing Big Tech as they weigh cloud tender rules and giving EU companies preferential access to mobile satellite spectrum (Foo Yun Chee/Reuters)

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A deep dive into how Anthropic's Claude Code and Peter Steinberger's OpenClaw unleashed the AI agent revolution that is rapidly transforming modern computing (Steven Levy/Wired)

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Q&A with Claude Code creator and head Boris Cherny on how the title "software engineer" is disappearing, why AI may create more jobs than it destroys, and more (Casey Newton/Platformer)

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A look at the Pentagon's embrace of autonomous weapons before its fight with Anthropic over "red lines", and the debate over AI use in military operations (Hayden Field/The Verge)

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Sources and documents detail China's effort to modernize its decade-old domestic surveillance network with new generations of AI-enabled cameras and software (Eleanor Olcott/Financial Times)

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Analysis: the share of entry-level hiring in India's tech sector fell to ~15% in 2025 from 28% in 2024 as companies shifted focus to AI and automation roles (Tanya Pandey/The Economic Times)

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Sources: software-specialist PE firm Hg agrees to acquire Rightsline, whose software helps Disney, the BBC, WBD, and others manage IP licensing, for $500M (Financial Times)

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President Trump says it is "critically important" that the CFTC has exclusive authority to oversee prediction markets, as some states attempt to regulate them (Ashleigh Fields/The Hill)

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Initial benchmarks: Nvidia's Vera Rubin CPU, which features 88 Nvidia-designed Olympus cores, packs a heavy-hitting punch, beating Intel's and AMD's x86_64 CPUs (Michael Larabel/Phoronix)

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Document: Samsung plans to invest $1.5B to build a semiconductor testing plant focused on legacy chips in Vietnam; the plant is slated to open in November 2027 (Reuters)

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Samsung's largest union approves a pay deal that would give chip workers an average bonus of ~$340K, with ~74% of members voting in favor, staving off a strike (Yoolim Lee/Bloomberg)

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SK Hynix tops $1T in market value after its shares jumped 11% on May 27, becoming the third Asian company to hit the milestone; SK surged 900%+ in the past year (Bloomberg)

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Sources: Fireworks AI, which helps companies run AI models, is in talks to raise funding at a $15B valuation, up from $4B after raising $254M in October 2025 (Rebecca Torrence/Bloomberg)

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Source: AI inference provider Baseten is in talks to raise $1B at an $11B post-money valuation, up from $5B after its $300M Series E announced in January 2026 (The Information)

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OpenAI hires ServiceNow CMO Colin Fleming as CMO for its business segment; he succeeds Kate Rouch, who stepped down earlier this year to focus on her health (Trishla Ostwal/Adweek)

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US cybersecurity company Zscaler reports Q3 revenue up 25% YoY to $850.5M, above $835.4M est., and forecasts Q4 revenue below est.; ZS drops 18%+ after hours (Harshita Mary Varghese/Reuters)

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Sources: Bond Capital is leading a new investment for AI startup Suno, which would value it at ~$5B, up from $2.45B last fall; Suno is expected to raise $250M+ (Axios)

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Charter confirms a data breach after ShinyHunters claimed to steal 40M customer records from Charter's Salesforce instance and threatened to leak the data (Lawrence Abrams/BleepingComputer)

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