Techmeme
June 19, 2026, 9:55 AM

Top News

Financial Times:
Sources: SpaceX plans to raise $20B in a bond sale as soon as next week; the funds would be used to pay back a $20B bridge loan taken out after the xAI merger  —  AI and rocket group is tapping debt markets after raising $86bn in stock market debut  —  SpaceX is planning to raise $20bn …
Bloomberg:
Sources: Commerce Secretary Howard Lutnick questioned ASML leaders on concerns China acquired one of its EUV machines, violating US-led export restrictions  —  Dutch chip-equipment giant ASML Holding NV is contending with its biggest challenge yet under the Trump administration …
Jagmeet Singh / TechCrunch:
Appfigures: daily downloads of major VPN apps in India rose 49% on June 16 after India announced its Telegram ban; Proton and Turbo recorded largest increases  —  As India cut off access to messaging app Telegram for a week over concerns about exam-related fraud, users turned to virtual private networks …
Hugo Lowell / Wired:
Variety:
Amazon MGM Studios drops Luca Guadagnino's mostly finished movie on Sam Altman; Amazon struck a major deal with OpenAI in February, including a $50B investment  —  The film, starring Andrew Garfield as the controversial OpenAI CEO, will be shopped to other studios.
Peter Walker / The Guardian:
Sources: England and Wales' attorney general tells his office to stop posting on X, a first for the UK government, amid worries about X inciting violence  —  Exclusive: Richard Hermer's office understood to be first in government to restrict use after recent riots
Bloomberg:
The US FERC approves new orders to fast-track data center power requests, aiming to handle them in 90 days, while bringing new requirements for AI hyperscalers  —  US regulators have taken their biggest step yet to speed the connection of data centers to the country's grids while simultaneously attempting …
Jiahui Huang / Wall Street Journal:
Sources: Chinese autonomous driving company Momenta has reached a ~$9B valuation as it gears up to raise ~$1B in an upcoming Hong Kong IPO  —  The company has also been backed by Toyota and SAIC Motor  —  Chinese autonomous-driving company Momenta's valuation has reached around $9 billion …
Marilen Martin / Bloomberg:
Siemens expects Xcelerator revenue to more than double in 2026, aiming to make the platform an industrial app store integrating software and hardware offerings  —  Siemens AG expects revenue from its online store to more than double this year, though the maker of industrial software and trains …
Priyanka Salve / CNBC:
Filing: Jio Platforms, India's largest wireless operator with 526M+ subscribers, files for an IPO; the deal is expected to be one of India's biggest IPOs ever  —  Billionaire Mukesh Ambani's Jio Platforms, India's largest wireless operator and digital service provider, filed draft papers for an initial public offering on Friday.
Hayden Field / The Verge:
Barret Zoph leaves OpenAI again five months after rejoining in January; Zoph initially left OpenAI in 2024 to serve as Thinking Machines Lab co-founder and CTO  —  Five months after returning to OpenAI, Barret Zoph — the company's head of enterprise AI sales — has departed, The Verge has learned.
Artificial Analysis:
GLM-5.2 is the leading open weights model on Artificial Analysis' Intelligence Index, scoring 51, only behind Fable 5's 60, Opus 4.8's 56, and GPT-5.5's 55  —  Z ai's GLM-5.2 is the new leading open weights model on the Artificial Analysis Intelligence Index scoring 51 and it sits on the Pareto frontier of Intelligence vs Cost per Task
Marina Temkin / TechCrunch:
Source: Elastic has agreed to acquire the AI site reliability engineering startup Deductive AI for up to $85M; CRV led Deductive AI's $7.5M seed round in 2025  —  DeductiveAI, a startup that uses AI to catch and resolve bugs in software, has agreed to be sold to enterprise software company Elastic …
Juby Babu / Reuters:
Intel names former SK Hynix CEO Seok-Hee Lee as EVP of Intel Foundry; Naga Chandrasekaran will lead front-end technology development and front-end manufacturing  —  Intel (INTC.O) on Thursday named Seok-Hee Lee executive vice president of its contract chip-manufacturing division as it sharpens focus on its advanced packaging business.

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