The Brutalist Report

Techmeme

• Sources: Amazon is in talks to acquire Globalstar to bolster its low Earth orbit satellite business; Apple's 20% stake in Globalstar is a complicating factor (Financial Times) [29d]
• Solana-based DeFi platform Drift warns users about an "active attack" on its protocol; Arkham data said over $250M had moved from Drift to an interim wallet (Helene Braun/CoinDesk) [29d]
• Cognichip, which is building an AI model for chip design, raised a $60M Series A led by Seligman Ventures, with participation from new board member Lip-Bu Tan (Tim Fernholz/TechCrunch) [29d]