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Techmeme

Sources: Baidu's chip unit Kunlunxin Technology plans a Hong Kong IPO at a $50B target valuation, asking investors to buy chips worth 3-7x their IPO investment (Qianer Liu/The Information)

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Australian government says it plans to double the maximum penalty for any social media company breaking its minimum age law and grant more powers to enforcers (Jackson Chen/Engadget)

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Australia-based Firmus partners with Nvidia to build its first data center in Batam, Indonesia; the 360 MW Nvidia DSX AI factory campus is developed with DayOne (Bloomberg)

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An analysis of US payroll data across 730+ occupations: employment among workers ages 22 to 25 in highly AI-exposed jobs is now shrinking by 3.8% per year (Nick Lichtenberg/Fortune)

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Brazil, which has struggled to standardize soccer talent scouting, is embracing AI-powered scouting apps that assess players by analyzing video clips and more (New York Times)

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A profile of Jacob Andreou, the 33-year-old former Snap exec leading Microsoft's consolidated Copilot team efforts to catch up with OpenAI and Anthropic (Sebastian Herrera/Fortune)

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Masayoshi Son questioned Musk's orbital AI data centers, noting electricity is just 7% of costs and the AI race will be won on Earth within a few years (Tim Higgins/Wall Street Journal)

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A look at a thriving underground economy for Claude access in China, including "transfer station" sites that buy API tokens abroad and distribute them to users (Wired)

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Apple's appeal to a London Court of Appeal ruling begins Monday at the UK Supreme Court; the ruling required it to pay $502M for using Optis' wireless patents (Alistair Gray/Financial Times)

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Researchers say Z.ai's GLM-5.2 matches latest US models at finding security bugs, as critics question the US' lax approach in restricting Chinese open models (Wall Street Journal)

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Sources: Google told Meta around March it couldn't offer all the Gemini capacity Meta wanted to buy, disrupting and delaying some of Meta's internal AI projects (Financial Times)

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Sources: Salesforce staff worry Anthropic's Claude Tag could cannibalize Slackbot and give the AI firm more leverage over the enterprise software industry (Laura Bratton/The Information)

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Netflix has been gradually requiring each profile under a Netflix subscription to use a unique email address; the rule doesn't apply to children's profiles (Scharon Harding/Ars Technica)

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How AI is shaping the 2026 US midterms, as public anger grows against data center expansion and the AI industry emerges as one of the biggest financial backers (Bloomberg)

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LSEG: tech companies have raised $3.1B from mainland China stock market listings YTD, up 5x+ from a year earlier, as AI and chip companies drive onshore IPOs (Reuters)

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The rapid pace of AI progress has created a pervasive fear of missing out across Silicon Valley, fueling anxiety among founders, executives, employees, and VCs (Bloomberg)

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Sports clips' rise on platforms like YouTube has left broadcasters debating whether to use them to attract younger viewers or protect their subscription revenue (Lillian Rizzo/CNBC)

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Tokyo-based Sakana AI's Fugu and China-based 360's cybersecurity model Tulongfeng claim to rival Anthropic's banned Mythos and Fable 5 amid the US export ban (Kate Park/TechCrunch)

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