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Techmeme

Sources describe Huawei's efforts to rebuild its chip business seven years after the US cut Huawei off from advanced chips, as it bets on logic-stacking tech (Financial Times)

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World models startup Odyssey raised $310M from Amazon and others at a $1.45B valuation and will use AWS as its preferred cloud partner, deploying Trainium chips (Financial Times)

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A profile of Anthropic researcher Nicholas Carlini, who warned about Mythos in March and is now part of an Anthropic team briefing the White House on safeguards (Wall Street Journal)

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Sources: Samsung is seeing a rise in advanced chip production requests from BYD, Google, AMD, and others as TSMC's capacity remains constrained by AI demand (Nikkei Asia)

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India's Telegram ban until June 22 over exam paper leak concerns is a terrible look for the country, sets a precedent, and could happen again if unchallenged (Nikhil Pahwa/@nixxin)

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Sources: a new AI lab founded by Junyang Lin, former lead of Alibaba's Qwen models, has raised several hundred million dollars at a ~$2B post-money valuation (The Information)

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Dealogic: investors have poured $58B across 42 data center deals YTD; Oxford Economics says ~850 data centers worth some $7T are under construction globally (Financial Times)

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Sources: Chinese social media app Xiaohongshu targets a Hong Kong IPO as early as year-end at a $70B+ valuation, up from $50B in recent private secondary trades (Wall Street Journal)

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Kazakhstan signs accords with Firebird on Nvidia-related computing projects that could bring up to $10B in investment, as it seeks to build a Data Center Valley (Bloomberg)

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Sources: Jeff Bezos is investing in Cambridge, UK-based CuspAI, which applies generative AI to material sciences, as part of a $400M round at a $2.6B valuation (Tim Bradshaw/Financial Times)

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WordPress survey: 60% of US consumers say "AI" in a brand's messaging is a turnoff, 86% always or sometimes check the original source after seeing an AI summary (Sarah Perez/TechCrunch)

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A look at Wyoming's Frontier Stable Token, which launched in January and currently has a market value of ~$1M, as other states explore "white labeling" the tech (David Voreacos/Bloomberg)

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Databricks says annualized revenue rose 80%+ YoY to $6.9B, up from $5.4B in Q4; CEO Ali Ghodsi says higher AI agent usage is increasing costs, lowering margins (Jordan Novet/CNBC)

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Sources: Meta decided to support KOSA after it was packaged with language preempting state AI laws and a bill requiring app stores to verify users' ages (Politico)

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Kapwing: in tests, ~60% of the first 500 TikTok For You videos shown to a new account were AI slop, ~3x the slop shown to a new YouTube user via YouTube Shorts (Matt G. Southern/Search Engine Journal)

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Sources: the US has held off adding DeepSeek, CXMT, and 100+ other flagged companies to its Entity List, last updated in October, the longest gap in 10+ years (Karen Freifeld/Reuters)

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Sources: Amazon faces a possible FTC lawsuit alleging it misled advertisers; multiple state AGs are involved and the case could seek billions in civil penalties (Bloomberg)

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Many US lawmakers said this week they had not been briefed on Trump's Fable 5 move, including Ted Cruz, whose commerce committee has jurisdiction over AI policy (Politico)

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Illinois Governor JB Pritzker signs a state budget that levies taxes on social media giants, digital advertising, and prediction and crypto markets (Mitchell Armentrout/Chicago Sun Times)

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Anthropic pauses its plan to move Claude Agent SDK to token-based billing from June 15, saying "Nothing changes for now", giving power users a pricing reprieve (Kyle Orland/Ars Technica)

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SpaceX closed up 4.83% on Tuesday for a $2.65T market cap, just above Amazon's, after popping ~12% intraday and briefly overtaking Microsoft's $2.93T market cap (CNBC)

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Sources: PayPal plans to close its 10-year-old PayPal Ventures arm amid new CEO Enrique Lores' shakeup and has hired Jefferies to explore selling some positions (Ben Weiss/Fortune)

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Melbourne-based Everlab, which is building an AI-powered preventive healthcare platform, raised a AU$65M Series A led by Airtree Ventures (Tegan Jones/SmartCompany)

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Sensor Tower: ChatGPT's market share fell to 46.4% at the end of May, as Gemini rose to 27.7% and Claude to 10.3%; Grok, Meta AI, and others have less than 5% (Ivan Mehta/TechCrunch)

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Z.ai debuts GLM-5.2, saying the open-weights AI model brings improvements to agentic coding and long-horizon tasks, with a 1M context window and an MIT license (Z.ai)

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Google launches Android 17 and Wear OS 7, available first on Pixel devices, with support for the latest AI models, a bubble bar UI, and live updates on Wear OS (Sarah Perez/TechCrunch)

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Qualcomm announces Snapdragon Reality Elite, its new flagship XR chipset, and says it will debut in the compute puck of Xreal's Aura Android XR device this fall (David Heaney/UploadVR)

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Letter: Hightouch, an ad tech startup valued at $2.75B in April, offers to buy LiveRamp's identity business from Publicis for $800M to $1.2B in cash and stock (Sara Fischer/Axios)

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A look at Specs, which have a battery life of up to four hours and a case with four charges, and an interview with Snap CEO Evan Spiegel about the AR glasses (Harry McCracken/Fast Company)

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Snap unveils $2,195 Specs, its first "fully standalone" AR glasses, which have a 51-degree field of view, set to ship "this fall" in the US, the UK, and France (Jay Peters/The Verge)

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Microsoft is moving Copilot Cowork to usage-based pricing and is considering a Microsoft-hosted version of DeepSeek as a cheaper option (Ina Fried/Axios)

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Sources: Apple's AirPods with cameras for AI are scheduled to launch in 2027 alongside the 20th anniversary pro iPhones and a second-generation foldable iPhone (Mark Gurman/Bloomberg)

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Databricks agrees to acquire Panther Labs, its third cybersecurity acquisition; Panther was valued at $1.4B when it raised a $120M Series B in 2021 (Jeffrey Dastin/Reuters)

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Bland, which uses proprietary, in-house-built voice models to process calls for 250+ enterprise clients, raised a $50M Series C led by Dell Technologies Capital (Lily Mae Lazarus/Fortune)

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Hydra Host, a marketplace for developers and enterprises to procure GPUs pooled from data center operators, raised a $100M Series A led by Kindred Ventures (Mike Wheatley/SiliconANGLE)

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Sources: the Trump administration won't allow G7 countries to regain access to Mythos 5 as doing so would be "completely illogical"; UK requested a "carve-out" (James Franey/New York Post)

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Sources: Binance is set to lose permission to offer services to EU clients from the start of July as its application for a license is about to be turned down (Reuters)

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Ent Security, which wants to build a new layer of workspace security that reads the intent behind what users and AI agents do, launches with $100M in funding (Duncan Riley/SiliconANGLE)

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Limitless Labs, which is developing an AI platform to automate CNC manufacturing, raised a $20M Series A led by Dell Technologies Capital and Square Peg (Meir Orbach/CTech)

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Microsoft upgrades Surface Pro and Surface Laptop with Qualcomm Snapdragon X2 chips; Pro starts at $1,499 and Laptop at $1,599, both $100 higher than last-gen (Antonio G. Di Benedetto/The Verge)

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Copia, an industrial code management and recovery provider, raised $26M co-led by AE Ventures and Squadra Ventures, after previously raising $16.4M (Colin Campbell/Axios)

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Docs: audited financial figures show OpenAI spent $34B in 2025, up 172% YoY, including $19B on research and development and nearly $6B on sales and marketing (Ed Zitron/Ed Zitron's Where's Your Ed At)

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Roblox rolls out Roblox Kids accounts for ages 5 to 8 and Roblox Select accounts for ages 9 to 15, globally, after unveiling them alongside age checks in April (Jay Peters/The Verge)

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Robinhood CEO Vlad Tenev says the company is "proactively" reducing its full-time workforce by ~10%, or ~290 employees, in a "flattening" of its org structure (Helen Partz/Cointelegraph)

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Ripple acquires a stake in Flutterwave as part of the African payments startup's Series E, valuing Flutterwave at $3.2B (Emele Onu/Bloomberg)

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An interview with SBF about life in prison, his serialized prison memoir titled Manfred, and more, as he praises Trump, becomes a Republican, and seeks a pardon (Simon van Zuylen-Wood/New York Magazine)

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Atom Computing, one of the nine quantum computing startups backed by the US, raised a $100M Series C led by Third Point, bringing its total funding to $300M (Lucinda Shen/Axios)

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Meta says Threads now has 500M MAUs, adds a "Your Algo" tool that lets users privately control what they see in their feed, and launches Communities out of beta (Aisha Malik/TechCrunch)

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Alibaba's AI unit Tongyi Lab launches the Qwen Robot Suite, its first suite of AI models for robots, in pilot testing with some Alibaba Cloud enterprise clients (Wency Chen/South China Morning Post)

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SpaceX agrees to acquire Cursor in a merger valuing the AI coding startup at $60B, set to close in Q3 2026, or pay a $4B to $10B termination fee (Reuters)

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