The Brutalist Report - techmeme
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- A profile of Cursor, including its hiring process and its testy relationship with Anthropic, which told Cursor that Claude Code was mainly a research effort (Business Insider) [27d]
- Sources: several Xbox studios, including Hellblade maker Ninja Theory, are in talks with Microsoft to buy themselves back and go independent to avoid closure (Jason Schreier/Bloomberg) [27d]
- Source: Qualcomm is in talks to buy AI chip designer Tenstorrent for $8B to $10B; Tenstorrent discussed raising $800M at a ~$3.2B valuation last year (The Information) [27d]
- OpenRouter debuts Fusion, a tool for prompting multiple AI models in parallel, claiming it can achieve "Fable-level intelligence at half the price" (Brian Thomas/OpenRouter Blog) [27d]
- SpaceX stock closed up 19.6% on Monday, its first full day of trading; Musk said it "might be able to reach" around $1T revenue in 2030, up from $18.7B in 2025 (Arjun Kharpal/CNBC) [27d]
- Meta launches new AI features, including an "AI Mode" for search that uses Meta AI to surface answers pulled from public posts across the platform (Lauren Forristal/TechCrunch) [27d]
- Arcade, which helps companies manage which actions AI agents are authorized to take, raised a $60M Series A led by SYN Ventures, following a $12M seed in 2025 (Steven Rosenbush/Wall Street Journal) [27d]
- A US judge dismisses xAI's lawsuit alleging OpenAI stole trade secrets, saying xAI failed to show OpenAI induced a former xAI engineer to divulge trade secrets (Jonathan Stempel/Reuters) [27d]
- Anthropic's belief in its own commitment to safety gives Anthropic the license to aggressively favor its business and even challenge the US government (Ben Thompson/Stratechery) [27d]
- Radical Numerics, which is developing AI models that learn directly from biological data, raised a $50M seed led by Emergence Capital (Natalie Breymeyer/Axios) [27d]
- Source: Anthropic was given 90 minutes to comply and was not provided with detailed concerns before the export control order was issued (Financial Times) [27d]
- Google says a Chinese-linked hacking group targeted US and Canadian academic, medical, and military research institutions from September 2023 to November 2025 (A.J. Vicens/Reuters) [27d]
- NewCore, which helps companies manage both human and AI agent identities in a single system, emerges from stealth with a $66M seed led by Cyberstarts (Jagmeet Singh/TechCrunch) [27d]
- Cybersecurity startup Chainguard, Cisco, Cloudflare, JPMorgan Chase, and others launch Athena, a coalition to secure open-source software using AI (Rachel Metz/Bloomberg) [27d]
- American Express agrees to acquire restaurant booking platform TheFork from Tripadvisor in an all-cash deal worth $700M; TRIP jumps 6%+ (Reuters) [27d]
- A US judge rejects Meta's bid to dismiss a lawsuit from Strike 3, which owns porn production companies, that alleges Meta torrented its videos for AI training (Ernesto Van der Sar/TorrentFreak) [27d]
- Canadian payments company Nuvei agrees to acquire NY-based cross-border payments company Payoneer for ~$2.75B in cash; the deal is expected to close in mid-2027 (Reuters) [27d]
- Electronic Arts launches EA Advertising, letting brands integrate directly into gameplay through dynamic, real-time placements, including stadium signage (Assiatou Hann/CNBC) [27d]
- Zhipu's shares closed up 33% on Monday after JPMorgan raised the stock's price target and picked it as a winner against MiniMax; MiniMax closed up 7% (Bloomberg) [27d]
- SpaceX IPO raised a total of $85.7B as underwriters exercised their overallotment of shares, after raising an initial $75B on June 11 (CNBC) [27d]
- Indian AI startup Sarvam raised $234M in the first close of a $300M Series B at a $1.5B valuation, with HCLTech acquiring a 10.5% stake for ~$150M in cash (Urvi Dugar/Reuters) [27d]
- SailPoint is acquiring Entro Security, which develops a cybersecurity platform for managing non-human identities, a source says in a deal valued at ~$200M (Meir Orbach/CTech) [27d]
- 1Password acquires Apono, which operates an AI-powered platform for managing cloud access, sources say in a deal valued at $250M to $300M (Meir Orbach/CTech) [27d]
- Sources say Anthropic struggles to communicate effectively with the Trump administration; an official says it "screwed us" after failing to "honor" a cyber EO (Axios) [27d]
- Salesforce agrees to acquire AI customer service platform Fin, formerly Intercom, for ~$3.6B, in a deal expected to close in Q4 of its 2027 fiscal year (Samantha Subin/CNBC) [27d]
- A look at the proposals to share the AI wealth with the public: government stakes in AI labs, a tax on AI token use, a global capital income tax, and more (Peter Coy/New York Times) [27d]
- Fox says it obtained a $12B loan for the Roku deal; existing Fox shareholders are expected to own ~73% of the combined company and Roku shareholders ~27% (Lillian Rizzo/CNBC) [27d]
- Source: Nvidia is marketing its first corporate bond sale since 2021, seeking to raise $20B+ across seven tranches with maturities ranging from two to 30 years (Brian W Smith/Bloomberg) [27d]
- Sources: the US government plans to let the Federal Data Center Enhancement Act, which details standards for data center use and operations, expire in September (Wired) [27d]
- Docs: Tesla sent Swedish and Dutch regulators Full Self-Driving safety data that traffic-safety researchers called misleading; Dutch RDW approved FSD in April (Reuters) [27d]
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