| Reuters: |
Letter: Synopsys tells staff to stop sales, services, and new orders in China to comply with new US export curbs, and pulls its annual and quarterly forecasts — Semiconductor design software firm Synopsys (SNPS.O) has told staff in China to halt services and sales in the country and stop taking … | 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.| 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.| New York Times: |
Sources: Palantir's Foundry is now deployed in at least four federal agencies, after Trump signed an EO calling for the government to share data across agencies — Alex Karp, a co-founder and the chief executive of Palantir, at a forum in Washington in April.| 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| New York Times: |
Sources: Elon Musk engaged in intense drug use during the 2024 presidential campaign, as he juggled the messy consequences of efforts to produce more babies — As Mr. Musk entered President Trump's orbit, his private life grew increasingly tumultuous and his drug use was more intense than previously known.| 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 … | Lorenzo Franceschi-Bicchierai / TechCrunch: |
The US Treasury sanctions Philippines-based Funnull Technology for allegedly facilitating “pig butchering” crypto scams that stole over $200M from US victims — The U.S. government imposed sanctions on FUNNULL, a company accused of providing infrastructure for cybercriminals running so-called … | Sarah Perez / TechCrunch: |
Automattic says it will resume contributing to the WordPress project, after announcing a pause in April — WordPress.com parent company Automattic is changing direction... again. — In a blog post titled “Returning to Core” published Thursday evening, Automattic announced it will unpause its contributions to the WordPress project.| 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.| Ina Fried / Axios: |
Microsoft hires ex-Biden administration lawyer Lisa Monaco as president of global affairs and promotes ex-Trump official C.J. Mahoney to general counsel — Microsoft is promoting former Trump Administration official C.J. Mahoney while also tapping former Biden Administration lawyer Lisa Monaco … | Bloomberg: |
Sources: TSMC is evaluating building a “gigafab” in the UAE and has discussed the possibility with MGX and officials in the Trump administration — The company has had multiple meetings in recent months with Steve Witkoff, the US special envoy to the Middle East, and officials from MGX … | 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.| Axios: |
Sources: Atticus, a stealthy stablecoin banking startup, is in advanced talks to raise new funding led by Palmer Luckey at a valuation of between $1.5B and $2B — Atticus, a stealthy stablecoin banking startup, is in advanced talks to raise new funding at a valuation of between $1.5 billion and $2 billion …
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| Sam Reynolds / CoinDesk: |
| Paresh Dave / Wired: |
| Rebecca Szkutak / TechCrunch: |
| Mia Sato / The Verge: |
| Stephen Nellis / Reuters: |
| Aisha Malik / TechCrunch: |
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| Andrew Orr / AppleInsider: |