The Brutalist Report - techmeme
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- Intel names former SK Hynix CEO Seok-Hee Lee as EVP of Intel Foundry; Naga Chandrasekaran will lead front-end technology development and front-end manufacturing (Juby Babu/Reuters) [24d]
- Sources: Kalshi is generating $2B+ in annualized revenue, up about three times from November, and has held informal talks with banks about an eventual IPO (Yueqi Yang/The Information) [24d]
- Snap plans to spin off an internal generative AI video team into Dotmo, a new company focused on AI models for interactive gaming experiences, citing high costs (Lucas Ropek/TechCrunch) [24d]
- Sources: Meta is under contract to buy roughly 1.6 GW of computing capacity from Crusoe across two data centers in Texas and Missouri (Bloomberg) [24d]
- Unsealed docs: Google lost a court fight against a 2023 US warrant in a Jan. 6 pipe bomb probe seeking info of 300+ users who searched for the RNC and DNC HQs (Zoe Tillman/Bloomberg) [24d]
- Sources: the White House and Anthropic are working on a framework that would assess the severity of AI security flaws, a sign that negotiations are progressing (Politico) [24d]
- Sources: APEC, a derivatives exchange founded by the 22-year-old son of pro-crypto Senator Kirsten Gillibrand, raised $30M led by Lux at a $300M valuation (Ben Weiss/Fortune) [24d]
- GLM-5.2 is the leading open weights model on Artificial Analysis' Intelligence Index, scoring 51, only behind Fable 5's 60, Opus 4.8's 56, and GPT-5.5's 55 (Artificial Analysis) [24d]
- New book: Trump mocked Zuckerberg and Bezos by showing associates their fawning texts, saying they were "kissing my ass"; Musk called it "First-class groveling" (Hugo Lowell/Wired) [24d]
- Rockstar Games announces that pre-orders for Grand Theft Auto VI will go live on June 25; TTWO jumps 5%+ (Zack Zwiezen/Kotaku) [24d]
- Apple opens iOS to alternative app marketplaces in Brazil and changes App Store commission structure following a settlement with competition watchdog CADE (Marcus Mendes/9to5Mac) [24d]
- Former Trump AI adviser Dean Ball is joining OpenAI to lead a new team called Strategic Futures, focused on frontier AI policy and internal governance (Ashley Gold/Axios) [24d]
- Sources: General Intuition, which trains AI agents in spatial reasoning, is in talks to raise $300M from Jeff Bezos and others at a $2B+ valuation (Rebecca Bellan/TechCrunch) [24d]
- Amazon's AI chief Peter DeSantis says the company is in talks to sell its custom Trainium AI chips for use in third-party data centers (Mark Bergen/Bloomberg) [24d]
- Filings: Waymo pulls its ~4K robotaxis from highways after finding 13+ instances of the cars driving into highway sections under construction (Sean O'Kane/TechCrunch) [24d]
- Seattle-based Gradial, which makes AI agents that automate enterprise marketing workflows, raised a $65M Series C led by Insight Partners at a $675M valuation (Kerry Flynn/Axios) [24d]
- Sources: the early Chinese backers of Manus, including HSG and Tencent, plan to buy the AI startup back from Meta at the $2B price Meta paid (The Information) [24d]
- Architect Labs, which aims to use AI to cheapen and speed up the process of designing custom chips, raised a $24M seed led by Kindred Ventures (Max A. Cherney/Reuters) [24d]
- Sources: the EU is set to unveil its preliminary findings that AWS and Azure likely meet the criteria for regulation under the DMA as early as next week (Bloomberg) [24d]
- As David Sacks steps back and Sriram Krishnan prepares to leave, Commerce Secretary Howard Lutnick and others are leading AI policy in the Trump administration (Maria Curi/Axios) [24d]
- Hive stock jumps 10% in premarket trading after announcing a $220M, three-year GPU cloud contract with Bell Canada and Cohere, as it pivots from bitcoin mining (James Van Straten/CoinDesk) [24d]
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