Techmeme
June 22, 2026, 10:40 AM

Top News

Kurt Wagner / Bloomberg:
Meta invests $900M into Indian fintech Cred for a ~20% stake, and plans to appoint Cred founder Kunal Shah as the leader of WhatsApp, replacing Will Cathcart  —  Meta Platforms Inc. is investing $900 million into Indian fintech startup Cred, with plans to appoint its founder, Kunal Shah, the new leader of WhatsApp.
Mark Bergen / Bloomberg:
Getty Images signs a licensing deal with OpenAI, letting its image library appear in ChatGPT's search and discovery tools; GETY jumps 90%+ and is down 10%+ YTD  —  Shares of Getty Images Holdings Inc. jumped about 200% in premarket trading on Monday after the photography repository announced a licensing deal with OpenAI.
Wall Street Journal:
Satya Nadella says the public wouldn't tolerate a few AI labs “doing all of the learning for the world”, as Microsoft moves to provide low-cost models and tools  —  In interview, Microsoft's CEO offers a blistering critique of AI power balance and calls for earning society's permission
Sarah Basford Canales / The Guardian:
In a rare joint statement, Five Eyes leaders warn AI models capable of taking down governments and businesses are mere months away, urging leaders to “act now”  —  Signal agencies in Australia, the US, the UK, New Zealand and Canada sound alarm after Trump blocks foreign nationals from Anthropic's Fable AI model
Kimberley Kao / Wall Street Journal:
SK Hynix overtakes Samsung to become South Korea's most valuable company, closing up 5.6% for a ~$1.4T market cap; South Korea's Kospi index is up 117% YTD  —  The South Korean memory-chip maker's market capitalization hit $1.362 trillion  —  Memory-chip maker SK Hynix has overtaken Samsung Electronics …
Kim Su-jeong / CHOSUNBIZ:
Samsung rolls out ChatGPT Enterprise and Codex to all South Korean staff and global DX division staff; OpenAI calls it one of its largest enterprise deployments  —  OpenAI said on the 22nd that it will supply ChatGPT Enterprise and the AI-based work automation platform “Codex” …
Kevin Crowley / Bloomberg:
Chevron signs a 20-year deal with Microsoft to provide natural-gas power for a proposed West Texas data center, which could be one of the biggest in the US  —  Chevron Corp. signed a 20-year deal with Microsoft Corp. to provide natural-gas fired power for a proposed West Texas data center, which could be one of the biggest in the US.
Brock E.W. Turner / Axios:
NYC-based Prosper AI, whose healthcare AI tool is designed to answer patient phone calls, raised a $30M Series A led by a16z, taking its total funding to $35M  —  Prosper AI, a health care administration agent company, raised $30 million in Series A funding led Andreessen Horowitz, co-CEO Xavier de Gracia tells Axios Pro exclusively.
Zsana Hoskins / Bloomberg:
Groq raised $650M led by Disruptive and Infinitum after its Nvidia deal, aiming to hit 200 MW in capacity by the end of 2027, following a $750M raise in 2025  —  Groq Inc. raised $650 million in a new funding round aimed at expanding its data center capacity and helping the onetime chip startup become …
Catherine Thorbecke / Bloomberg:
S&P and IBM: 22.4% of global cyberattacks in 2024 hit Japan, the most targeted country, as it tries to improve its legacy IT systems against AI-powered threats  —  Masayoshi Son isn't known for understatement.  So when the SoftBank Group Corp. founder gathered business leaders in Tokyo to warn of the …

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Wataru Suzuki / Nikkei Asia: