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May 31, 2025, 8:10 AM
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| Dan Primack / Axios: |
Q&A with Mary Meeker on publishing her first Trends report since 2019, its focus on the AI revolution, why OpenAI may have an insurmountable lead, and more — Mary Meeker, the famed internet analyst turned venture capitalist, on Friday published her first Trends report since 2019 — focused on the AI revolution.
More: Bond Capital, TechCrunch, Financial Times, PitchBook, and The Information
| Wall Street Journal: |
US v. Google: during closing arguments, a judge queried both sides on ideas to limit Google's monopoly in search and said he expects to issue a ruling in August — Lawyers began making closing arguments Friday in landmark antitrust case over online search market, future of artificial intelligence| Bloomberg: |
Sources: Elon Musk is pushing lawmakers to help clear a path for driverless vehicles and has been weighing in on revisions of a bill on autonomous vehicles — In recent weeks, Musk and people who work for him have been calling members of Congress directly to gather support, said the people …
More: CleanTechnica, Benzinga, TechCrunch, and InsideEVs
| Reed Albergotti / Semafor: |
Sources: Anthropic has been lobbying Congress to oppose a bill banning states from regulating AI, and pushed against the recent US AI deal with Gulf states — THE SCOOP — Anthropic is going toe-to-toe with the Trump Administration on artificial intelligence policy …
X: @bgurley, @davidsacks, @miles_brundage, and @reedalbergotti
| Reed Albergotti / Semafor: |
A Replit employee details a critical security flaw in web apps created using AI-powered app builder Lovable that exposes API keys and personal info of app users — THE SCOOP — Lovable, the popular vibe coding app that describes itself as the fastest-growing company in Europe …
More: James O'Claire, Analytics India Magazine, Matt's Website, Matt's Website, and The Information
X: @amasad, @lovable_dev, @lovable_dev, @mattppal, @reedalbergotti, @reedalbergotti, @antonosika, @doctoryev, @antonosika, and @semafor. Forums: Slashdot
| Reuters: |
Sources: Anthropic's annualized revenue hit ~$3B at the end of May, driven by business demand, up from $2B around the end of March and ~$1B in December 2024 — Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter … | Gabriel Daros / Rest of World: |
Brazil is piloting dWallet, a digital wallet program that allows users to monetize their data, the first nationwide initiative of its kind in the world — Brazil is piloting dWallet, a project that lets citizens earn money from their data. It is ahead of similar U.S-based initiatives.| Washington Post: |
Sources: the White House is finalizing EOs on drones that could end Chinese drone sales in the US, update federal rules on where drones can be flown, and more — President Trump is expected to sign executive orders next week that widen his policies targeting China and Chinese companies.| Bloomberg: |
Vista Equity Partners agrees to acquire ERP software provider Acumatica from PE firm EQT, sources say in a deal that values Acumatica at ~$2B including debt — Vista is buying the Bellvue, Washington-based firm from private equity firm EQT AB, according to a statement Thursday that confirmed an earlier Bloomberg News report.
More: Business Wire, Pulse 2.0, Verdict, Seattle Business Journal, GeekWire, Axios, and CPA Practice Advisor
LinkedIn: Acumatica and Vista Equity Partners
| Katherine Davis / Axios: |
Vivodyne, which uses AI and robots to grow human tissues in the lab for drug discovery and development, raised a $40M Series A led by Khosla Ventures — Vivodyne, a San Francisco-based startup using lab-grown human tissues to discover and develop drugs, raised $40 million in a Series A led by Khosla Ventures.| Kate Clark / Bloomberg: |
Sources: Abridge, which uses AI to transcribe medical chats, is raising $300M led by a16z at a $5.3B valuation, up from $2.75B in February when it raised $250M — The startup is raising $300 million for software that takes notes on conversations with doctors and patients.| Courtney Albon / Defense News: |
Defense tech firm Leidos acquires VA-based Kudu Dynamics, which provides AI-enabled cyber defense and offense tools to the US DOD and other customers, for $300M — Defense technology firm Leidos announced Wednesday it closed a $300 million acquisition of Kudu Dynamics, a company that develops AI-enabled cyber capabilities.
More: Leidos, Pulse 2.0, Washington Business Journal, Breaking Defense, and Washington Technology
X: @leidosinc and @leidosinc
| Vishal Singh / Silicon Canals: |
London-based Dojo, a payments tech provider to over 140K businesses, raised $190M from Vitruvian Partners in its first equity raise since launching in 2021 — London-based Dojo, a payments technology provider, has announced an investment of $190M (nearly €168.66M) from global investment firm Vitruvian Partners.
More: FinSMEs, Business Wire, Finextra, UKTN, PYMNTS.com, The Paypers, FinTech Futures, FinTech Global, and Tech Funding News
LinkedIn: Dojo and Geoffrey Barraclough
| Bloomberg: |
Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024 — Builder.ai, the artificial intelligence startup that recently announced plans to declare bankruptcy …
More: The Economic Times and The Captable
Bluesky: @elizabethbitmeehan.com, @edzitron.com, @edzitron.com, and @mhbergen
X: @patwardhannn, @patwardhannn, @workmj, @steventey, @patwardhannn, @patwardhannn, and @patwardhannn
LinkedIn: Mark Bergen, Bismah Malik, and Yazhou Sun
| Bloomberg: |
Sources: Trump administration plans to expand Entity List restrictions to cover subsidiaries of Chinese companies, aiming to block workarounds via new offshoots — The Trump administration plans to broaden restrictions on China's tech sector with new regulations to capture subsidiaries of companies under US curbs.
More: crypto.news, Yahoo Finance, Benzinga, BeInCrypto, Tom's Hardware, and Financial Times
Sponsor Posts
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