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  • Sat May 16

Canadian payments company Nuvei agrees to acquire NY-based cross-border payments company Payoneer for ~$2.75B in cash; the deal is expected to close in mid-2027 (Reuters)

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Electronic Arts launches EA Advertising, letting brands integrate directly into gameplay through dynamic, real-time placements, including stadium signage (Assiatou Hann/CNBC)

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Zhipu's shares closed up 33% on Monday after JPMorgan raised the stock's price target and picked it as a winner against MiniMax; MiniMax closed up 7% (Bloomberg)

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SpaceX IPO raised a total of $85.7B as underwriters exercised their overallotment of shares, after raising an initial $75B on June 11 (CNBC)

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Indian AI startup Sarvam raised $234M in the first close of a $300M Series B at a $1.5B valuation, with HCLTech acquiring a 10.5% stake for ~$150M in cash (Urvi Dugar/Reuters)

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SailPoint is acquiring Entro Security, which develops a cybersecurity platform for managing non-human identities, a source says in a deal valued at ~$200M (Meir Orbach/CTech)

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1Password acquires Apono, which operates an AI-powered platform for managing cloud access, sources say in a deal valued at $250M to $300M (Meir Orbach/CTech)

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Sources say Anthropic struggles to speak President Trump's language; a Trump administration official says it "screwed us" after failing to "honor" a cyber EO (Axios)

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Salesforce agrees to acquire AI customer service platform Fin, formerly Intercom, for ~$3.6B, in a deal expected to close in Q4 of its 2027 fiscal year (Samantha Subin/CNBC)

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A look at a few proposals for sharing AI wealth with the public: government stakes in AI companies, a tax on AI token use, a global capital income tax, and more (Peter Coy/New York Times)

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Fox says it obtained a $12B loan for the ~$22B Roku deal; existing Fox shareholders are expected to own ~73% of the combined company and Roku shareholders ~27% (Lillian Rizzo/CNBC)

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Source: Nvidia is seeking to raise $20B+ from its first corporate bond sale since 2021, marketed in seven tranches, with maturities spanning two to 30 years (Bloomberg)

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Sources: the US government plans to let the Federal Data Center Enhancement Act, which details standards for data center use and operations, expire in September (Wired)

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Docs: Tesla sent Swedish and Dutch regulators Full Self-Driving safety data that traffic-safety researchers called misleading; Dutch RDW approved FSD in April (Reuters)

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Fox says it is acquiring Roku in its largest deal yet, valued at ~$22B including debt, giving it access to 100M+ streaming households globally; FOX drops 10%+ (Joseph De Avila/Wall Street Journal)

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Court reporting shows AI's limits in replacing human skill, as reporters remain crucial for capturing gestures and working through noise, amid a worker shortage (Allison Pohle/Wall Street Journal)

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Tencent-backed Enflame receives approval for a Shanghai IPO and plans to raise ~$888M; Enflame is the last of China's four leading AI chipmakers to go to market (April Ma/Bloomberg)

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The FBI dismantles Outsider Enterprise, an AI-powered Chinese phishing operation, and seizes ~$100K in Tether in a joint effort with Google and Black Lotus Labs (Bill Toulas/BleepingComputer)

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The UK's social media ban will cover Snapchat, TikTok, YouTube, Instagram, Facebook, X, and more, and will require platforms to stop children from livestreaming (Liv McMahon/BBC)

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Letter: US cybersecurity leaders urge the White House to lift the ban on Anthropic's Mythos 5 and Fable 5, arguing the move hurts defenders more than attackers (Sam Sabin/Axios)

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Keir Starmer says the UK will ban social media for under-16s in an "Australia-plus model" to "give kids their childhood back", set to take effect in spring 2027 (Reuters)

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President Trump says he warned Emmanuel Macron to drop France's 3% digital services tax on US tech giants, or face a 100% tariff on French champagnes and wines (James Franey/New York Post)

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As AI "nudify" tools proliferate, unleashing a new form of bullying among kids, parents and schools struggle to protect young victims from explicit deepfakes (Wall Street Journal)

1d
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A profile of UC Berkeley professor Hany Farid, the world's leading digital forensics expert for 20+ years, who says he is now struggling to identify deepfakes (New York Times)

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Sources: Alibaba is in talks to buy Chinese fresh grocery delivery platform Pupu for $1.5B, in a bid to better compete with food delivery rivals like Meituan (Cathy Chan/Bloomberg)

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Madrid-based Orbio, which uses AI agents to help businesses interview, onboard, and manage frontline workers, raised a $21M Series A led by Dawn Capital (Dominic-Madori Davis/TechCrunch)

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Inside the Signal group chat where Sergey Brin, Marc Andreessen, Garry Tan, and other tech elites toss out strategies to oppose a proposed California wealth tax (Emily Shugerman/The San Francisco ...)

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Sources: ByteDance is in talks with Shanghai-based Iluvatar CoreX to purchase AI inference GPUs, and is also considering a deal to buy Baidu's Kunlunxin chips (Reuters)

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Health wearables are booming, with both Oura and Whoop eyeing IPOs, but investors remain cautious after Fitbit's struggles and low consumer hardware margins (David Wainer/Wall Street Journal)

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Rylo, which develops real-time speech and sign-language translation tools for deaf and hard-of-hearing users, raised $85M led by General Catalyst and Canaan (Sophie Shulman/CTech)

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Hypha, which extracts data from private-market documents to create workflows for underwriting, portfolio monitoring, and asset management, raised a $50M seed (Ryan Lawler/Axios)

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Sandstone, which builds AI-powered workflow automation tools for legal teams at small and mid-sized businesses, raised a $30M Series A led by Lightspeed (Russell Brandom/TechCrunch)

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Sundar Pichai faced a walkout at his Stanford commencement speech, as 100+ students left amid chants of "Free, free Palestine" over Google's ties with Israel (Zain Khan/New York Post)

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Sources: Frank founder Charlie Javice, sentenced in September 2025 to 85 months for defrauding JPMorgan Chase, has been seeking a presidential pardon from Trump (Wall Street Journal)

1d
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A profile of Kalshi COO Luana Lopes Lara, who has overseen a tremendous pace of growth over the past year as the company faces political and regulatory backlash (Emily Nicolle/Bloomberg)

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Chinese Tesla drivers are using tiny plastic heads to fool Tesla's distracted-driving controls, which appear unable to distinguish figurines from real people (Zeyi Yang/Wired)

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A government crackdown on online casinos operating in the Isle of Man has led to a major tax revenue loss, accelerating the island's slide toward a fiscal cliff (Jack Adamović Davies/Bloomberg)

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Satya Nadella says companies must own their AI "learning loops" to compound human and token capital, or risk ceding all value to a handful of frontier models (Satya Nadella/@satyanadella)

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Sources: senior Anthropic technical staff are in DC to meet WH officials and try to fix the Mythos 5 dispute; both sides say they are eager to resolve the issue (Maria Curi/Axios)

1d
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Canadian PM says the Anthropic ban shows the dangers of "over-reliance on certain models", and compares the risks to those that led to the 2008 financial crisis (Bloomberg)

1d
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Sources: UK plans to announce an "Australia plus" under-16 social media ban, including restrictions on chats with strangers on gaming apps and under-18 curfews (The Guardian)

2d
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EU says it is looking at the practical consequences of US restricting Anthropic's models, notes such measures "should not be discriminatory against partners" (Reuters)

2d
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Siri AI is good enough to ease Apple's AI crisis; sources: the ability to tap third party AI models beyond OpenAI's is already active in internal iOS 27 builds (Mark Gurman/Bloomberg)

2d
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Since Russia ratcheted up control over the internet this year, some Russians are turning to solutions like using multiple phones and VPNs to evade restrictions (Andrew Osborn/Reuters)

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Ajinomoto says it can meet demand through 2030 for ABF, a key material for advanced chipmaking substrates, and plans to expand capacity instead of hiking prices (Wall Street Journal)

2d
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After years of uncertainty, including delayed listings, memory chipmaker Kioxia's shares soared 56x in 18 months, making it Japan's most valuable company (Shuhei Ochiai/Nikkei Asia)

2d
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As the 2026 FIFA World Cup begins, there is still no clear replacement for "Sports Twitter", which was a perfect second-screen experience during live events (Andrew Webster/The Verge)

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Challenger, Gray & Christmas: out of ~398K US jobs cuts in 2026 through May, employers cited AI as the reason for ~88K of them, up from ~54K in all of 2025 (Hyunsoo Rim/Sherwood News)

2d
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Nothing CEO Carl Pei says memory is now the costliest phone component, accounting for 50%+ of BOM in some models, and predicts phone prices will rise into 2027 (Stevie Bonifield/The Verge)

2d
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US export controls on Anthropic reignite debate in India over the country's AI ambitions, which are increasingly tied to tech developed and governed in the US (Jagmeet Singh/TechCrunch)

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Entries updated Jun 16, 2026 10:32:57 AM PDT

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