The Brutalist Report - techmeme
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- The US CFTC sues New York, accusing the state of invading its authority to regulate prediction markets by filing lawsuits against Coinbase and Gemini (Jonathan Stempel/Reuters) [5d]
- Diplomatic cable: US State Department has ordered a global push to bring attention to what it says are efforts by Chinese companies to steal IP from US AI labs (Raphael Satter/Reuters) [5d]
- Thrive is taking a stake in the San Francisco Giants via a new venture that will invest in franchises and cultural institutions that can't be replicated by AI (Kate Clark/Wall Street Journal) [5d]
- Brazil's Finance Minister Dario Durigan says the country has blocked prediction market platforms and tightened derivatives rules to curb "bet-like" products (Reuters) [5d]
- Sources: the WH pushed out the head of the Center for AI Standards and Innovation, Collin Burns, a former Anthropic researcher, after just four days on the job (Ian Duncan/Washington Post) [5d]
- Series, founded by two seniors at Yale to build an AI-powered social network on iMessage, raised a $5.1M pre-seed from Reddit CEO Steve Huffman and others (Dominic-Madori Davis/TechCrunch) [5d]
- The Wire by Acutus, an AI-generated site with articles attacking AI industry critics, appears to be funded by the OpenAI-backed super PAC Leading The Future (@themidasproj) [5d]
- Nvidia stock jumps 4.3% to close at a record for the first time since Oct., pushing Nvidia's market cap past $5T, as a rally in Intel pushed chipmakers higher (Jordan Novet/CNBC) [5d]
- Sam Altman apologizes to a Canadian town for not alerting police to the activity of a mass shooting suspect when her ChatGPT account was suspended (Wall Street Journal) [5d]
- Intel stock closes up 23.6%, its best performance since October 1987, as Intel shows signs of renewed growth amid the AI boom; the stock is up 124% YTD (CNBC) [5d]
- ComfyUI, which gives creators granular control over image, video, and audio outputs from diffusion models, raised $30M at a $500M valuation (Marina Temkin/TechCrunch) [5d]
- Sources: Stanford University professor James Zou aims to raise ~$100M at a ~$1B valuation for Human Intelligence, which aims to use AI to study physiology (Rebecca Torrence/Bloomberg) [5d]
- Maine's governor vetoes a bill that would have led to US' first state pause on data centers, citing its failure to exempt a project in a distressed mill town (Jenna Russell/New York Times) [5d]
- Source: Meta has a system in India to "automatically restrict content, at scale" to meet local law, massively expanding the country's censorship powers (Aroon Deep/The Hindu) [5d]
- X launches its standalone messaging app XChat on the App Store, saying it supports end-to-end encryption and has no ads (Zac Hall/9to5Mac) [5d]
- Sources: AI startups are struggling to access Nvidia GPUs as Microsoft and other cloud providers divert supply to internal teams and large customers like OpenAI (The Information) [5d]
- Sources: JPMorgan Chase and other banks struggled to spread the risk of billions in loans they made for data centers leased to Oracle in Texas and Wisconsin (Wall Street Journal) [5d]
- The DOJ joins xAI in its legal challenge to a new Colorado law that seeks to prevent discrimination by AI tools in employment and other areas (Madlin Mekelburg/Bloomberg) [5d]
- Anthropic says Google is committing to invest $10B now in cash at a $350B valuation and will invest another $30B if Anthropic hits performance targets (Bloomberg) [5d]
- France's forecasting office refers suspected weather sensor tampering at Paris airport to police, after detecting unusual readings alongside Polymarket betting (Joe Wertz/Bloomberg) [5d]
- India's central bank cancels Paytm Payments Bank's banking license, after imposing business curbs over non-compliance with rules in January 2024 (Gopika Gopakumar/Reuters) [5d]
- Helsinki-based Verda, formerly Datacrunch, which aims to become Europe's first AI cloud hyperscaler, raised €100M in debt and equity (Mimi Billing/Sifted) [5d]
- Meta and Amazon reach a multi-billion, multiyear deal for Meta to rent hundreds of thousands of Amazon's Graviton chips for its AI efforts (Matt Day/Bloomberg) [5d]
- Meta announces a deal to use "tens of millions" of Amazon's Graviton chips to help deliver its next generation of AI models, amid a shortage of Nvidia chips (Ina Fried/Axios) [5d]
- Huawei plans to spend up to $11.7B over five years to boost compute for training and testing autonomous cars, with ~$2.64B for autonomous driving R&D in 2026 (Daniel Ren/South China Morning Post) [5d]
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