| Michael Acton / Financial Times: |
Apple's handling of vibe coding apps draws complaints from startups like Replit and Anything, which say Apple is applying App Store rules erratically — iPhone maker warns about security risks as new software floods its review process — Apple's handling of “vibe coding” … | Rashi Shrivastava / Forbes: |
A profile of music AI startup Suno, valued at ~$2.5B with 2M+ paying users and $300M annualized revenue as of February, as it battles record labels and artists — The music AI startup is battling record labels and angry artists as it upends how millions of people create songs.| Terrence O'Brien / The Verge: |
How music streaming services are adapting to the rise of AI-generated music by labeling, deranking, and demonetizing tracks, using AI detection tools, and more — The use of generative AI in pop music started almost as a gimmick. There was a sense of experimentalism to 2018's I AM AI … | Lauren Thomas / Wall Street Journal: |
GameStop CEO Ryan Cohen says he is making an unsolicited ~$56B offer to buy eBay and will take the offer to shareholders if the company is not receptive — Cohen told The Wall Street Journal he wants to make eBay a ‘legit competitor to Amazon’ — GameStop Chief Executive Ryan Cohen … | Pieter Haeck / Politico: |
Legislators and experts criticize the EU's €20B sovereign compute data center plan, questioning whether there is demand and the plan's reliance on Nvidia GPUs — Critics argue that there's no demand for the massive computing hubs Brussels has planned.| Wall Street Journal: |
Sources: Anthropic is finalizing a deal for a $1.5B JV with Blackstone, Goldman Sachs, Hellman & Friedman, and others to sell AI tools to PE-backed companies — Anthropic, Blackstone and Hellman & Friedman each expected to invest around $300 million; Goldman Sachs also an investor| Jacob Shamsian / Business Insider: |
A profile of William Savitt, Sam Altman's lead lawyer against Elon Musk, who represented Twitter against Musk in 2022 and helped OpenAI's for-profit transition — - William Savitt is representing Sam Altman in Elon Musk's lawsuit trying to dismantle OpenAI.| Reuters: |
Source: Cerebras is expected to price its shares at between $115 and $125 and go public with the “CBRS” ticker; Cerebras is targeting a $40B valuation — AI chipmaker Cerebras Systems, a rival to Nvidia <NVDA.O>, is scheduled to kick off its IPO roadshow on Monday … | Wall Street Journal: |
An analysis of 1.6M Polymarket accounts since November 2022: 0.1% of users take 67% of profits, with the highest-frequency traders seeing the most success — A WSJ analysis shows a small number of accounts on Polymarket and Kalshi—often pros using data-driven algorithmic trading—take home most of the winnings| New York Times: |
Chinese state media: AI-generated Chinese microdramas to be worth $3B+ in 2026, out of a $14B+ total microdrama market, boosted by tools like Seedance 2.0 — This actor was just hitting his stride when A.I.-generated dramas took off and roles disappeared. — This director is thrilled … | Financial Times: |
Sources: some lenders are exploring private deals to sell their data center debt, and some banks are seeking to offload their Oracle-linked loans at a discount — Global lenders explore private deals and risk transfers to cut exposure to AI boom — Banks are hunting for new ways … | Laurie Chen / Reuters: |
China's Linkerbot, which holds 80%+ of global dexterous robotic hands market, raised a Series B+ at a $3B valuation and seeks a $6B valuation in its next round — Chinese robotics startup Linkerbot, the global market leader in highly dexterous robotic hands for humanoids … | Natsuki Yamamoto / Nikkei Asia: |
Sources: SoftBank plans to make lithium- and cobalt-free data center batteries in Japan as soon as FY2027, as Japan tries to cut its reliance on Chinese metals — TOKYO — Japan's SoftBank Group will seek to make batteries that do not require expensive lithium and cobalt in Japan … | Jason Lemkin / SaaStr: |
A look at Atlassian and Twilio earnings beats, with early signs of Atlassian's AI response success and Twilio becoming a picks-and-shovels layer for AI agents — So this week two of the more important bellwether names in B2B software reported earnings. And neither of them just “beat.”
Fast, affordable law for startups — Soxton automates startup legal so founders can move faster and sleep better. We handle incorporation, advisor, employment and commercial contracts. Join the waitlist for early access!
Accelerate AI Adoption at F5's AI Virtual Summit — Learn how to architect, secure, and scale AI for production with real-world insights from industry leaders on June 23. Register now to save your spot.
The hidden gaps in your sanctions screening process and how to close them — This is a guest post by Trademo.A widespread scenario that plays out more often than most businesses realise: a new dealer is onboarded …
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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| Chase DiBenedetto / Mashable: |