| Amrith Ramkumar / Wall Street Journal: |
President Trump signs two executive orders aimed at speeding the development of advanced quantum computers and mitigating the security threats they present — Administration set an ambitious new 2028 target for a system that can conduct scientific research| 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.| Sean Hollister / The Verge: |
Valve Steam Machine review: much smaller than PS5, surprisingly smooth, and navigable with any modern gamepad but very expensive and needs manual configuration — My first day with the Steam Machine was a mess. Instead of enjoying a worry-free game console, I spent hours troubleshooting what felt like a finicky PC.| Jay Peters / The Verge: |
Valve says Steam Machine, its new living room-friendly PC, will start at $1,049 for the 512GB base model, and go on sale starting June 29 — You can register your interest starting today, and the first emails letting people buy one will go out on June 29th.| Ben Fritz / Wall Street Journal: |
Google invests in independent movie studio A24 as part of a new AI partnership; sources say Google is investing ~$75M, roughly equal to Thrive's 2024 investment — Search giant is putting about $75 million into the film company as part of an artificial-intelligence research partnership| Samantha Subin / CNBC: |
SpaceX announces an offering of senior unsecured notes and discloses it has ~$100.8B in cash; SPCX closes down 16.43% in its third consecutive losing session — SpaceX on Monday announced a senior unsecured notes offering and disclosed about $100.8 billion in cash.| Deirdre Bosa / CNBC: |
| Lily Hay Newman / Wired: |
OpenAI unveils an updated GPT-5.5-Cyber model, launches the Patch the Planet initiative in partnership with Trail of Bits to fix open source bugs, and more — Amid concerns about AI models' cybersecurity capabilities, OpenAI revealed an improved version of GPT-5.5-Cyber and its “Patch the Planet” … | 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 stock-photo company Getty Images Holdings Inc. soared as much as 145% on Monday after it announced a licensing deal with OpenAI.| Carl Franzen / VentureBeat: |
Sakana AI launches Fugu, a multi-agent orchestration system accessible through a single model API, claiming Fugu Ultra matches Fable and Mythos on benchmarks — Last night, the increasingly enterprise-focused AI startup Sakana launched Fugu, a multi-agent orchestration system … | Kerry Flynn / Axios: |
Sources: marketing tech startup AppsFlyer raised a $1B Series E at a $2.7B post-money valuation; Moloco, Google, Meta, and Unity acquire minority stakes — AppsFlyer has raised more than $1 billion in Series E funding at a $2.7 billion post-money valuation, Axios has learned from sources familiar with the financing.| Wired: |
Sources: Meta internally exposed data from its employee-tracking program meant to help train its AI models, including full prompts and private conversations — Employees had previously raised concerns about the initiative, which involves collecting workers' keystroke data to train AI models.| Sarah Basford Canales / The Guardian: |
In a joint statement, Five Eyes agencies 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| Katie Kilkenny / The Hollywood Reporter: |
Instagram is testing horizontal video on Instagram for TV, plans to experiment with longer-form storytelling and episodic series, and launches on Samsung TV — The Meta-owned company is going decidedly retro by experimenting with time-honored video formats with its creators.| Ryan McMorrow / Financial Times: |
Bain says it uses AI coding tools to recreate pieces of target companies' software, making hundreds of rough prototypes in recent years as part of due diligence — Private equity groups swiftly recreate software products to gauge their competitive advantages| Echo Wang / Reuters: |
Sources: Vimeo owner Bending Spoons seeks to raise ~$1.62B in a US IPO, selling 58M shares at $26 to $28 apiece, at a valuation of $19B at the top of the range — Bending Spoons, an Italian technology company that acquires and revamps software businesses, is seeking to raise as much as $1.62 billion … | 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.| Ben Weiss / Fortune: |
Crypto trading app Fomo raised a $75M Series B led by Index at a $550M valuation, taking its total funding to ~$94M, and claims to add 3,500 new users per day — Two established investors are feeling crypto FOMO. Index and Union Square Ventures have backed the crypto startup Fomo … | Ian King / Bloomberg: |
Nvidia unveils Halos, a safety-focused OS developed from autonomous vehicle tech and designed to run on IGX Thor hardware for humanoid robots, and opens a lab — Nvidia Corp. is working to make humanoid robots safer around people, arguing that they'll need to handle split-second decisions … | 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 … | Bloomberg: |
Alphabet shares close down 5% on Monday following the departure of Google DeepMind VP John Jumper, the company's second top AI executive to leave in a week — Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.| Brody Ford / Bloomberg: |
Filing: Oracle's global workforce fell by 21,000 employees in the past 12 months to 141,000 as of May 31; the company says AI adoption has led to reductions — Oracle Corp. reduced its workforce by 21,000 employees in the past 12 months, a wider scale than previously known … | Allyson Versprille / Bloomberg: |
Air Space Intelligence won an $875M, 12-year FAA contract to develop AI tools that map flight trajectories and identify areas of congestion to reduce delays — Air Space Intelligence Inc. won a US government contract to develop artificial intelligence technologies for managing flight traffic … | 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 one-time chip startup become … | Stephen Nellis / Reuters: |
Netherlands-based Nearfield Instruments, which makes atomic force microscopes to measure chip features, raised $380M led by Fidelity at a $1.6B valuation — Nearfield Instruments, a Netherlands-based firm whose machines help measure the features on advanced semiconductors … | Financial Times: |
JD.com founder Richard Liu says robots will replace the company's 700K delivery workers “sooner or later”, and it will help retrain them in robot maintenance — China's rapid adoption of technology threatens millions of gig-economy jobs, policymakers fear| 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
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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.
Dear future presenter: A letter from 20 years of Zoho Show — Dear future presenter,There is a good chance you are reading this with a deadline approaching.Maybe you are preparing for a pitch, refining a quarterly review …
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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