The Brutalist Report - techmeme
system |
|
- Startups from the pre-ChatGPT era face a reckoning in private markets; PitchBook: half of US unicorns haven't raised in three years, 220+ are "fallen unicorns" (Hugh Son/CNBC) [42d]
- Alphabet is raising $80B in equity offerings, including a $10B investment deal with Berkshire Hathaway, to help raise money for its AI spending plans (Nick Turner/Bloomberg) [42d]
- HPE reports Q2 revenue up 40% YoY to $10.7B, vs. $9.74B est., Server revenue up 33%, forecasts revenue for FY26 and FY27 above est.; HPE jumps 30%+ after hours (Brody Ford/Bloomberg) [42d]
- Gigascale Capital, a climate tech VC firm co-founded by former Meta CTO Mike Schroepfer, closed a $250M fund to back early-stage startups supporting the AI boom (Michelle Ma/Bloomberg) [42d]
- Researchers find several packages in the @redhat-cloud-services npm namespace shipped malware targeting credentials for GitHub Actions, AWS, GCP, and others (Rohan Prabhu/Step Security Blog) [42d]
- Hackers say they used Meta's AI support chatbot to change emails tied to Instagram accounts amid a wave of high-profile account takeovers; Meta fixed the issue (Jason Koebler/404 Media) [42d]
- Source: Salesforce has a stake in Anthropic worth ~$5B; Salesforce first invested about $50M in an early 2023 round and has continually invested in rounds since (Brody Ford/Bloomberg) [42d]
- IBM shares jump 9%+ after a six-month old video of Trump praising CEO Arvind Krishna was recirculated on X; IBM had surged ~40% in a little over two weeks (Matthew Griffin/Bloomberg) [42d]
- Stockholm-based Endra, which automates the design of plumbing and electrical wiring in new buildings, raised $50M led by a16z (Lucinda Shen/Axios) [42d]
- Anthropic says it has confidentially filed for an IPO, joining OpenAI and SpaceX in preparing to go public this year (Mike Isaac/New York Times) [42d]
- Anthropic says it has confidentially filed for an IPO with the SEC (Anthropic) [42d]
- New York City-based Mecka AI, which trains robots with human data sourced from body sensors and iPhones, raised $60M, including a $25M Series A (Ben Weiss/Fortune) [42d]
- Sekai, which lets users create mini apps through text prompts, raised a $20M Series A co-led by Khosla Ventures and Connect Ventures, after a $6M seed in 2025 (Kerry Flynn/Axios) [42d]
- Box says it created 13 new AI-focused roles, like AI architect and AI solutions manager, and plans to grow its staff to 3,000 by early 2027, up from 2,900 (Kalley Huang/New York Times) [42d]
- Bernie Sanders says the wealth AI creates "must benefit humanity", calling for a sovereign wealth fund that would hold ownership stakes in the top AI companies (Bernie Sanders/New York Times) [42d]
- Sources: at Build, Microsoft plans to unveil a Copilot "super app", a new reasoning AI model developed by Microsoft AI, and lots of Windows developer features (Tom Warren/The Verge) [42d]
- Florida AG James Uthmeier sues OpenAI and Sam Altman, seeking to hold Altman personally liable for deceptive trade practices, negligence, and public nuisance (NBC News) [42d]
- Strava is adding a $11.99 monthly fee for developer API access and moving public profiles and fitness club listings behind authentication to combat AI scraping (Ivan Mehta/TechCrunch) [42d]
- Internal documents: Chinese company Geedge is working to build AI tools to predict those who could pose a political risk, but US chip controls hampered its work (Julian E. Barnes/New York Times) [42d]
- Palo Alto Networks says Mythos found 24+ critical bugs, burning $1M+ of tokens, subsidized by Anthropic; some companies say they plan to boost Mythos spending (Aaron Holmes/The Information) [42d]
- SEC filing: quantum computing company Quantinuum upsizes its IPO, selling 26.5M shares for $53 to $55 each to raise up to $1.46B at an up to $14.3B valuation (Liana Baker/Bloomberg) [42d]
- African e-mobility startup Spiro, which owns 100K+ electric bikes, raised $215M at a near-$1B valuation, after raising $100M in 2025 and $50M debt in 2026 (Loni Prinsloo/Bloomberg) [42d]
- SEC filing: SpaceX will reserve up to 5% of its Class A shares for select employees and executives' friends and family; 60%+ of shares have an extended lock-up (Charles Capel/Bloomberg) [42d]
- SEC filing: Strategy sold 32 bitcoin between May 26 and May 31 for ~$2.5M at an average net price of $77,135 per coin, its first disclosed bitcoin disposal (Shaurya Malwa/CoinDesk) [42d]
- Google plans to open its first physical Google Store outside of the US, in Tokyo's Omotesando district "this summer", marking Google's 11th physical store (Damien Wilde/9to5Google) [42d]
Previous Day