Techmeme: Dubai-based Qlub, which offers contactless payment services to restaurants, raised $30M co-led by Shorooq and Cherry Ventures, taking its total funding to $72M (Nicolas Parasie/Bloomberg)

Top News

Huawei debuts the CloudMatrix 384 AI computing system, which outperforms Nvidia's most advanced GB200 NVL72 system on some metrics, according to SemiAnalysis — China's Huawei Technologies showed off an AI computing system on Saturday that one industry expert has said rivals Nvidia's most advanced offering …

More: Wccftech, WinBuzzer, Ukrainian National News, Engadget, Notebookcheck, and Cryptopolitan. X: @rwang07

Casey Newton / Platformer:

At TrustCon 2025, trust and safety professionals expressed anxiety over the industry's retreat, but no leaders condemned platforms' rollback of safety policies — In 2023, I asked whether we had reached peak trust and safety. Noting the huge number of layoffs at tech companies that year …

More: Trust & Safety …. Bluesky: @metacurity.com, @vortexegg.com, @evelyndouek, and @caseynewton

Threads: @renee.diresta and @timothyjchambers

LinkedIn: Cassie Coccaro, Jacob Silver, and Trust & Safety …

Amin Haqshanas / Cointelegraph:

Tyler Winklevoss claims JPMorgan paused onboarding crypto exchange Gemini after he criticized the bank's data access fees for fintech and crypto companies — Tyler Winklevoss claims JPMorgan paused Gemini's onboarding after he criticized the bank's data access fees, calling the move anti-competitive.

More: Bloomberg, Bitcoinist.com, The Daily Hodl, Bitcoin Insider, Cryptopolitan, CoinGape, BeInCrypto, BeInCrypto, CoinDesk, Coinspeaker, DL News, and Coinpedia Fintech News

X: @tyler and @tyler

Carl Franzen / VentureBeat:

Alibaba releases its Qwen3-235B-A22B-Thinking-2507 reasoning LLM on Hugging Face, topping several benchmarks, as Alibaba moves away from hybrid reasoning models — If the AI industry had an equivalent to the recording industry's “song of the summer” — a hit that catches on in the warmer months …

More: Qwen on Hugging Face, Simon Willison's Weblog, WinBuzzer, AI News, and nextbigwhat

Bluesky: @simonwillison.net. X: @alibaba_qwen, @teksedge, and @multimodalart

Tim Fernholz / Sherwood News:

An interview with CEO David Baszucki on Roblox's origin story, what's next for the gaming platform whose shares have risen about 200% in the past year, and more — Founder and CEO David Baszucki tells us the origin story and what's next for a company that has nearly tripled in stock price …

More: Game Rant. X: @walthickey

New York Times:

Records show China's Starlink rivals have only ~120 satellites in orbit, less than 1% of their goal, vs. SpaceX's ~8,000, underscoring how far behind they are — It's looking unlikely. Here's why. — There are over 11,000 satellites in low Earth orbit, providing internet, surveillance and navigation services.

More: Asia Times, UPI, SPACE.com, and The Indian Express

X: @glennluk. LinkedIn: Martijn Rasser. Forums: Slashdot

Om Malik / On my Om:

Satya Nadella's memo on Microsoft's layoffs portends the harsh reality that AI could make software companies more profitable while employing fewer people — To paraphrase Sigmund Freud, sometimes a memo is not just a memo. That's why we have to read between the lines of Satya Nadella's 1,150-word memo.

More: Microsoft, Howie Town, The Decoder, Spyglass, Notebookcheck, and Financial Express

Bluesky: @metacurity.com, @demwar, and @om.co

X: @spyglass_feed and @kteare

Golan Hazani / CTech:

New York City-based cybersecurity company Axonius acquires Cynerio, which offers healthcare IoT cybersecurity and asset management services, for $180M — Move expands company's offerings amid growing threats to connected medical devices. — Cynerio — Axonius — Cybersecurity — Acquisition

More: Tech in Asia

Josh Noble / Financial Times:

The English Premier League recently signed deals with Adobe and Microsoft to offer AI-powered tools to fans, including those playing the Fantasy Premier League — Football body's turn to Big Tech aims to cement dominance after it made €2.1bn in overseas broadcast deals last season

Wall Street Journal:

Architect Partners: companies have raised nearly $86B in 2025 to buy crypto, with over $43B raised since June 1, as skeptics worry about the market overheating — Small companies are raising billions of dollars to buy bitcoin and other, more obscure cryptocurrencies. What could possibly go wrong?

More: CoinDesk and BeInCrypto. LinkedIn: Gregory Zuckerman

Ryan Lawler / Axios:

April, which provides tax tools that embed directly into financial apps, raised a $38M Series B led by QED Investors, bringing its total funding to $78M

More: april, Tech in Asia, FinTech Futures, VC News Daily, AlleyWatch, Venture Capital Journal, FinSMEs, and Pulse 2.0

LinkedIn: Yossi V. and april

Jason Del Rey / Fortune:

NYC-based Courtyard, which sells “mystery packs” of collectible cards and comic books that customers can resell on its marketplace, raised a $30M Series A — COURTYARD — I admit it, I have a soft spot for sports cards. Over the past year, an embarrassingly steady stream …

LinkedIn: Pet Berisha

Moneycontrol:

Indian software services provider Tata Consultancy Services plans to cut 2% of its global workforce, or about 12,000 employees, by March 31, 2026 — In an interview with Moneycontrol, TCS CEO K Krithivasan described the decision as one of the toughest he has faced, calling it a necessary step to build a stronger, future-ready company.

More: Reuters, The Statesman, and The Week

X: @upadhyay_harsh1, @mainbhiengineer, @indraroy, @trendulkar, @mudit_gupta25, and @san_x_m. Forums: r/india

Bloomberg:

Online platforms offering astrological advice are thriving in India, with the leading app Astrotalk claiming about 84% of its 70M users are under the age of 35 — An age-old belief in astrology has snowballed into a $7 billion industry as a younger generation seeks celestial guidance.

LinkedIn: Aznaur Midov and Akriti Sharma

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