| 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| Jay Peters / The Verge: |
Valve's Steam Machine, its new living room Linux PC, will start at $1,049 for the 512GB base model without a controller, and will 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.| Sean Hollister / The Verge: |
| 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” … | 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 … | 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: |
| 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| Wired: |
Meta says it is pausing its employee input tracking program after internal security issues exposed potentially sensitive data meant to train AI models — Employees had previously raised concerns about the initiative, which involves collecting workers' keystroke data to train AI models.| Financial Times: |
OpenAI debuts at Cannes Lions, pitching its new ChatGPT ad business and Codex to marketers, as it tries to build a multibillion-dollar business ahead of an IPO — Lossmaking AI group is presenting at Cannes Lions advertising conference for the first time — OpenAI is making its debut … | 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.| Patrick Temple-West / Financial Times: |
Eli Lilly plans to use its $7.3B cash reserve to fund an “App Store” for biotech scientists after launching a data center with 1,016 Blackwell chips in 2025 — Mounjaro maker is collaborating with small biotechs on AI as a tool for drug discovery| Evelyn Cheng / CNBC: |
Syntun: online sales during China's 618 shopping festival grew 4% YoY, a sharp drop from 15.2% growth last year, amid a persistent consumer spending slowdown — BEIJING — China's consumer spending slowdown persisted in June, with growth during one of the country's largest online shopping … | 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 … | Gaby Del Valle / The Verge: |
Real estate professionals are increasingly using AI-powered virtual staging tools like Stuccco and BoxBrownie to create misleading house and apartment listings — “Virtual staging” might be able to cram a six-seater dining table into a studio apartment, but tenants can't.| 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.| 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 … | Bloomberg: |
Sources: Qualcomm is in advanced talks to acquire Modular in a transaction valuing the AI chip startup at ~$4B, up from a $1.6B valuation in September 2025 — Qualcomm Inc. is in advanced talks to acquire Modular Inc. in a transaction valuing the artificial intelligence chip startup at about $4 billion … | Josh Eidelson / Bloomberg: |
| 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 … | 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.| 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
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.
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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