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  • Tue May 12

FCC Chair Brendan Carr says the agency will review E-Rate, a $3B annual program subsidizing school and library internet access, amid kids' screen time concerns (Finya Swai/The Hill)

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Chinese regulator CSRC tightens oversight of the country's ~$3.4T private fund industry; the CSRC says it will encourage tech-focused VC investments and more (Reuters)

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Sources say a months-long dispute between the White House and Anthropic is showing signs of easing across the US government as the startup prepares for its IPO (Reuters)

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Illinois Governor JB Pritzker plans to temporarily halt tax breaks for data centers from July 1, calling on state lawmakers to create a development framework (Natasha Korecki/NBC News)

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India-based Innefu Labs, which builds AI-powered software for national defense and enterprise security infrastructure, raised a $30M Series B led by Panthera (The Economic Times)

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University of Cambridge researchers say they have developed the first vaccine with a key component entirely designed by AI and subsequently trialed it in humans (James Gallagher/BBC)

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OpenAI confirms it will comply with President Trump's EO that asks AI companies to allow the US government to assess their models' capabilities before release (Michael Considine/CNBC)

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Apple-funded study: the App Store had $1.4T in billings and sales globally in 2025; apps with consumer AI features saw 4x more billings growth than other apps (Ryan Christoffel/9to5Mac)

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SpaceX says Starlink now has 12M+ "active customers with high-speed internet" across 160+ countries, territories, and other markets, up from 9M in December 2025 (@starlink)

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Sources: data center developer Switch is in talks to raise billions of dollars from private equity firms, including Brookfield and KKR, at a $50B+ valuation (The Information)

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Elon Musk petitioned the FTC in May to end its 2022 order restricting Twitter's data use, claiming Twitter no longer exists as X merged with xAI and then SpaceX (Ashley Belanger/Ars Technica)

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Analysis: Meta discreetly added code for an unreleased "NameTag" face-recognition system for its AI smart glasses over multiple Meta AI app updates in 2026 (Wired)

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S&P Dow Jones rejects proposals to expedite S&P 500 eligibility for mega-cap IPOs such as SpaceX's; companies remain ineligible until one year after their IPOs (Isabelle Lee/Bloomberg)

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An interview with Naomi Gleit, Meta's head of product who joined the company in 2005, on Mark Zuckerberg's "unfair" reputation, AI agents for business, and more (Zoe Kleinman/BBC)

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Denver-based Scotch, which makes AI-powered payments tools for liquor retailers, raised a $20M Series A from VMG Partners, following a $10M seed in 2024 (Mary Ann Azevedo/Crunchbase News)

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Cloudflare CEO Matthew Prince says agentic traffic is "growing so fast that bots have now passed human traffic online for the first time" (Mark Tyson/Tom's Hardware)

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Anthropic calls for top AI labs to weigh slowing or temporarily pausing development, suggesting that self-improving AI systems may soon pose societal risks (Wall Street Journal)

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Sources: US officials have held talks with AI companies about the government acquiring shares; Sam Altman first pitched the concept directly to Trump in 2025 (NOTUS)

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OpenAI updates ChatGPT memory with a "more capable and compute-efficient" architecture and a summary page that lets users review and steer what it remembers (OpenAI)

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Quantinuum closed up 0.63% in its Nasdaq debut on Thursday, with a market value of $15.7B, after raising $1.68B in an upsized IPO (CNBC)

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Internal docs from lawsuits by 1,400 school districts show how social media companies targeted kids: Meta paid "teen ambassadors", Snap sent school-hour alerts (Jennifer Valentino-DeVries/New York Times)

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Poke, which lets users access AI agents via text message, becomes the first AI agent approved for Apple's Messages for Business platform (Sarah Perez/TechCrunch)

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Unsealed 2020 lawsuit: ex-IBM VP of threat intelligence alleges that IBM and AT&T concealed foreign cyber breaches to maintain eligibility for federal contracts (Bloomberg)

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Sources: Anthropic has embedded around half a dozen forward-deployed engineers within the NSA to help the agency deploy Mythos for offensive cyber operations (Financial Times)

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Sources: Brian Chesky is starting a new AI lab and considering a focus on user interaction and design; he will remain Airbnb CEO and will not be the lab's CEO (Bloomberg)

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In a letter to Utah Senate President, Kevin O'Leary says he will cut a 40,000-acre AI data center project in Utah by roughly half, after backlash from lawmakers (John Ainger/Bloomberg)

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Supabase, which provides backend tools for building AI apps, raised a $500M Series F led by GIC at a $10B pre-money valuation, up from $5B in October 2025 (CJ Haddad/CNBC)

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Google now lets big creators and publishers in the US claim and customize dedicated Search profiles to aggregate their content from multiple platforms (Jay Peters/The Verge)

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Founders Fund launches a TV-style game show featuring A-list founders and investors, including Sam Altman and Palmer Luckey, playing a game of Mafia (Tom Dotan/Newcomer)

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Arizona Public Service, the state's largest utility, proposes a 45% electricity-rate increase for data centers to ensure "that they are paying their fair share" (Jennifer Hiller/Wall Street Journal)

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Two House lawmakers unveil bipartisan AI legislation that would override some state AI laws and require top AI developers to implement risk-management plans (Politico)

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Meta's Oversight Board says Meta's account deactivations lack due process, violations are flagged without clarity, and there's little support for appeals (Sarah Perez/TechCrunch)

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Cloudflare acquires VoidZero, the company behind Vite, Vitest, Rolldown, Oxc, and Vite+ frameworks, and says the projects will stay open source (Cloudflare)

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Anthropic details its progress toward recursive self-improvement, and its implications, and says 80%+ of the code merged into its codebase is authored by Claude (Anthropic)

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Coinbase and Better fund the first Fannie Mae-backed mortgage that uses bitcoin as collateral, with a nationwide rollout planned in the coming months (Yogita Khatri/The Block)

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Canada unveils its AI strategy that it says will help create 250,000 jobs by 2031, with a CA$500M tech fund to invest in homegrown AI startups (Nivedita Balu/Reuters)

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Honeycomb, which offers an AI-powered insurance platform for multi-unit residential properties, raised $40M led by Zeev, bringing its total funding to $95M (Lily Mae Lazarus/Fortune)

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SCOTUS sides with the FCC in its clash with wireless carriers, upholding the agency's in-house system for levying fines for regulatory violations (John Kruzel/Reuters)

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Robinhood plans to route some 2026 soccer World Cup bets to Rothera, shifting away from Kalshi as it seeks to diversify its prediction markets providers (Emily Nicolle/Bloomberg)

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Public First: 26% of Americans support increased data center construction, the lowest share among 15 large countries, such as Brazil, Japan, the UK, and Canada (Financial Times)

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Robotics startup Generalist, which released its GEN-1 model to complete short physical tasks in April, raised $400M led by Radical Ventures at a $2B valuation (Dina Bass/Bloomberg)

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London- and NY-based Airspeed, which aims to use AI agents to replace sales software like traditional CRM dashboards, raised a $20M Series A led by DN Capital (Mike Butcher/Pathfounders)

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Q&A with Satya Nadella on Microsoft's competitive position, MAI models, OpenAI, the software business, GitHub Copilot, Project Solara, data centers, and more (Ben Thompson/Stratechery)

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Sam Altman says he has no plans to put money into the 2026 US midterms; OpenAI has tried to distance itself from the Greg Brockman-backed Leading the Future PAC (Emily Birnbaum/Bloomberg)

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Revolut co-founder and CTO Vlad Yatsenko plans to step down in July, to be replaced by Head of Technology Donato Lucia; Yatsenko was Revolut's first employee (Aisha S Gani/Bloomberg)

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Flourish, which is building Cortex AI, a brain-like synthetic intelligence system that uses less power than LLMs, raised $500M, including $100M from Jeff Bezos (Steven Levy/Wired)

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Challenger: US tech companies announced cuts to 38,242 jobs in May, the most since August 2024, taking 2026's total so far to 123,653 cuts, up 65%+ YoY (Julia Fanzeres/Bloomberg)

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Amazon unveils its next-gen Proteus warehouse robot, adding AI-powered language capabilities that let workers assign it tasks, rolling out in Europe in H1 2027 (Robert Hart/The Verge)

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Corporate spending management platform Ramp raised $750M at a $44B valuation led by Iconiq, Singapore's GIC, and the OTPP, taking its total funding to $3B (Bloomberg)

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France secured €110B+ of proposed AI and data center investments this week, amounting to ~10 GW of new computing capacity, equivalent to ~10 nuclear reactors (Sarah White/Financial Times)

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Entries updated Jun 12, 2026 07:29:18 AM PDT

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