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Techmeme

As the US AI boom drains venture capital from Africa, startups on the continent are pivoting to domestic funding sources, like pension funds and local VC firms (Rivaldo Jantjies/Bloomberg)

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Swedish chip optical component maker Sivers, whose stock is up ~1,700% YTD, giving it a ~$2.5B market cap, has become one of the country's most-shorted stocks (Jonas Ekblom/Bloomberg)

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Anthropic and OpenAI seem to have finally found product-market fit with coding agents, which are quickly becoming daily drivers for highly paid professionals (Simon Willison/Simon Willison's Weblog)

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Surging AI demand causes shortages and price increases across the entire optical supply chain, from lasers and substrates to optical fibers and connectors (Nikkei Asia)

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Sources: ByteDance is developing its own CPUs to support its growing AI infrastructure needs, as chip price hikes and supply shortages constrain expansion plans (Reuters)

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Australia's Q1 investment growth was boosted by record $6.2B data center investment, up ~2x QoQ, supporting an economy strained by energy costs and high rates (James Mayger/Bloomberg)

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Analysis: the Philadelphia Semiconductor Index, which tracks 30 largest US-listed chipmakers, is up ~75% YTD and on track for its biggest annual gain since 1999 (Financial Times)

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Global AI hardware demand is easing China's concerns over a stronger yuan hurting exports, as AI hardware exports surge and chip equipment imports rise (Bloomberg)

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Taiwanese tech companies have completed a record $14.5B of debt deals so far this year, as they race to secure financing to meet soaring demand for AI capacity (Aileen Chuang/Bloomberg)

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Companies are using AI at their global capability centers in India to bring more creative work in-house, cutting turnaround times and reliance on ad agencies (Reuters)

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Swiggy CEO Sriharsha Majety says the company plans to stay out of India's commerce spending war, as Amazon and Flipkart ramp up their quick commerce efforts (Bloomberg)

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Kirkland & Ellis, the world's highest-grossing law firm, is setting aside $500M to build its own AI platform rather than rely on tools available to its rivals (Financial Times)

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Trade Desk's market cap fell ~70% from a December 2024 peak, as it contends with frustrated agency partners, competition from Google, and new entrant Amazon (Patience Haggin/Wall Street Journal)

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Memo: Meta plans to embed engineers and product managers within large corporate customers as part of a new Enterprise Solutions unit to help deploy its AI tools (Jyoti Mann/The Information)

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Sources: the Pentagon is pursuing funding deals with US drone companies, potentially with equity stakes, to increase domestic production and lower unit costs (Wall Street Journal)

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Last.fm announces it is an independent company again, 19 years after being acquired by CBS; it plans to keep its current team and continue the service as normal (Mariella Moon/Engadget)

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Kuaishou reports Q1 revenue up 3.4% YoY to ~$5B and Kling AI revenue up 300%+ YoY to ~$96M; Kling reached a ~$500M annualized revenue run rate in March 2026 (Coco Feng/South China Morning Post)

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The CFTC files alongside Gemini to nullify Gemini's $5M settlement in January 2025, arguing that the agency's current management wouldn't have pursued the case (Jesse Hamilton/CoinDesk)

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Filing: Amazon will acquire Apple's 20% stake in Globalstar as part of its acquisition of the satellite provider and create a subsidiary to conduct the merger (Michael Kan/PCMag)

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SoFi says SoFiUSD, its US dollar-pegged stablecoin on Ethereum and Solana, is now available for members to buy, sell, hold, and convert within the SoFi app (Brian Danga/The Block)

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Mark Zuckerberg tells shareholders that a Meta cloud computing business is "definitely on the table" if it overspends on data centers and has excess capacity (Jonathan Vanian/CNBC)

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Illinois Legislature passes SB 315, a bill requiring annual independent third-party safety audits of leading AI companies; the bill heads to the governor's desk (Jared Perlo/NBC News)

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The US DOD announces a $9.7B five-year deal with Dell to provide Microsoft 365, advanced cloud subscriptions, and on-premises licensing to the US military (Garrett Downs/CNBC)

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US prosecutors charge Google engineer Michele Spagnuolo with using inside information to make $1.2M on Polymarket bets about Google's Year in Search results (ABC News)

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Sources: Uber has increased its stake in Delivery Hero to ~37% by acquiring Aspex Management's 14.6% share at a €12B valuation, after a takeover offer last week (Financial Times)

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HP reports Q2 revenue up 9% YoY to $14.4B, vs. $14B est., Personal Systems revenue up 13% to $10.2B, and forecasts Q3 adjusted EPS above estimates (Dina Bass/Bloomberg)

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Salesforce reports Q1 revenue up 13% YoY to $11.13B, vs. $11.05B est., Agentforce annual recurring revenue up 205% to $1.2B, and forecasts Q2 revenue below est. (Jordan Novet/CNBC)

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Snowflake reports Q1 revenue up 33% YoY to $1.39B, vs. $1.32B est., and commits to spending $6B on AWS over five years; SNOW jumps 35%+ after hours (CNBC)

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The UK's GCHQ head says the UK and allies have a "narrowing window" to counter cyber threats from China and Russia, as Russia intensifies "daily" hybrid warfare (Chloe Taylor/CNBC)

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Amazon MGM Studios announces the GenAI Creators' Fund, greenlights three AI animated series for Prime Video, and launches an AI production platform with AWS (Todd Spangler/Variety)

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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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