The Brutalist Report

Techmeme

• Sources: Uber weighs a higher bid after it approached a major Delivery Hero shareholder with a €38-per-share bid, valuing the group at €11.5B+, but was rebuffed (Financial Times) [50d]
• The ECB summons Eurozone banks to a meeting on Tuesday to discuss risks posed by the latest AI models and hopes US banks with Mythos access will share lessons (Martin Arnold/Financial Times) [50d]
• A look at the scourge of smartphone thefts in London, as victims describe receiving texts threatening them into unlinking Apple IDs from stolen iPhones (New York Times) [50d]
• A deep dive into Apple Watch and Health efforts; sources: iOS 27 to get a revamped AirPods control panel and default support for AirPlay rivals like Google Cast (Mark Gurman/Bloomberg) [51d]
• How the AI boom is transforming global M&A, now dominated by the AI-driven race to control the world's energy, fiber networks, and computing capacity (Financial Times) [51d]
• Tether buys out SoftBank's ~26% stake in bitcoin treasury company Twenty One Capital, taking its stake to ~71%; SoftBank's stake was worth ~$679M (Emily Nicolle/Bloomberg) [51d]
• Rising DRAM prices are driving "forced premiumization" in the smartphone market in India and Africa, as consumers in the sub-$200 segment risk being priced out (David Oks) [51d]
• Moment, which develops AI tools for automating fixed-income and equities trading tech, raised a $78M Series C led by Index Ventures, with a16z participating (Paige Smith/Bloomberg) [51d]
• Hands-on with a pre-release build of Google Docs Live, an AI-powered voice tool for drafting documents, rolling out this summer to AI Pro and Ultra subscribers (Nicole Nguyen/Wall Street Journal) [51d]
• DeepSeek says it will lower V4 Pro API prices by 75% to $0.435/1M input and $0.87/1M output tokens, making permanent the discount prices set to expire on May 31 (Bloomberg) [51d]
• Sources: Princeton Digital Group to sell its Chinese data center assets for as much as $1B, capping global buyout firms' retreat from China's data center market (Financial Times) [51d]
• Salesforce's promotional videos showcased Agentforce mock-ups and features that are not widely available, as CEO Marc Benioff defends forward-looking marketing (Brody Ford/Bloomberg) [51d]
• Crypto companies prepare for the threat that quantum computers could hack core industry security, including breaking the critical code underpinning Bitcoin (Financial Times) [51d]