The Brutalist Report - techmeme
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- Source: AI inference provider Baseten is in talks to raise $1B at a post-money valuation of $11B, up from $5B after its $300M Series E announced in January (The Information) [48d]
- OpenAI hires ServiceNow CMO Colin Fleming as CMO for its business segment; he succeeds Kate Rouch, who stepped down earlier this year to focus on her health (Trishla Ostwal/Adweek) [48d]
- US cybersecurity company Zscaler reports Q3 revenue up 25% YoY to $850.5M, above $835.4M est., and forecasts Q4 revenue below est.; ZS drops 18%+ after hours (Harshita Mary Varghese/Reuters) [48d]
- Sources: Bond Capital is leading a new investment for AI startup Suno, which would value it at ~$5B, up from $2.45B last fall; Suno is expected to raise $250M+ (Axios) [48d]
- Charter confirms a data breach after ShinyHunters claimed to steal 40M customer records from Charter's Salesforce instance and threatened to leak the data (Lawrence Abrams/BleepingComputer) [48d]
- Micron hit a $1T market value for the first time on Tuesday as shares jumped 19%, driven by demand for its memory chips in the AI race (Samantha Subin/CNBC) [48d]
- London-based Perceptic, which says its end-to-end AI platform for drug development is being used by top pharmaceuticals, raised a $12M seed led by Accel (Jeremy Kahn/Fortune) [48d]
- Q&A with Sundar Pichai about reshaping the information ecosystem with Search changes, putting AI agents in everything, when AI will replace him as CEO, and more (Nilay Patel/The Verge) [48d]
- Nvidia officially retires its GeForce Control Panel app after 20 years, following the porting of all of its major features to the Nvidia app (Tom Warren/The Verge) [49d]
- Human Archive, which trains robots using first-person video from 1,000+ camera-equipped caps worn by Indian home services workers, raised $8.2M from YC and more (Ivan Mehta/TechCrunch) [49d]
- SpaceX filing: X's ad revenue was $1.8B in 2025, $1.7B in 2024, and $2.3B in 2023, below Twitter's $4B in 2021; X and Grok now have 6.3M active paid subscribers (Alex Weprin/The Hollywood Reporter) [49d]
- American Airlines picks SpaceX's Starlink for in-flight Wi-Fi on more than 500 planes; SpaceX already has contracts with United Airlines, Southwest, and others (Leslie Josephs/CNBC) [49d]
- Sources: Qualcomm reached a deal with ByteDance to supply millions of ASICs for AI data centers to support AI agents in the Doubao chatbot; QCOM jumps 5%+ (Ian King/Bloomberg) [49d]
- Filing: Monzo reports its "refer a friend" payouts grew 40% YoY to £29.5M for the 12 months ending March 2026, as part of a broader £143M marketing spend (Financial Times) [49d]
- China executes a man called Xu Yao for killing Yoozoo Games founder Lin Qi in 2020; Lin reportedly sidelined Xu, who helped land the 3 Body Problem Netflix deal (Koh Ewe/BBC) [49d]
- How AI startups like Altur are using chatbots to help automate debt collection; YC incubated six debt collection and settlement startups in the past six years (Kate Knibbs/Wired) [49d]
- Dropbox founder Drew Houston is stepping down as CEO after 19 years to become executive chairman, replaced by Ashraf Alkarmi, who is SVP and GM of Dropbox Core (Jonathan Vanian/CNBC) [49d]
- Google Fitbit Air review: slim, comfortable, and stylish, robust tracking, seven-day battery life, and cheaper than Whoop, but can only be worn on the wrist (Max Buondonno/The Shortcut) [49d]
- The Dutch government blocks the acquisition of authentication IT supplier Solvinity by US-based Kyndryl, citing "a possible risk to the public interest" (Pieter Haeck/Politico) [49d]
- Spain says it is blocking Polymarket and Kalshi as a precautionary measure while it probes possible gambling law violations over the next three to four months (Mauro Orru/Wall Street Journal) [49d]
- Spotify launches a library of over 650 narrated long-form magazine articles in English for Premium users; free users can buy articles "individually for $1.99" (Jess Weatherbed/The Verge) [49d]
- OpenRouter raised $113M led by CapitalG, a source says at a $1.3B valuation, and now processes 25T tokens across 400+ models weekly, up from 5T six months ago (Michael J. de la Merced/New York Times) [49d]
- Atlanta-based e-commerce logistics company Stord raised a $250M Series F led by Strike at a $3B valuation, up from $1.5B after a $200M Series E in May 2025 (Julie Bort/TechCrunch) [49d]
- SEC filing: Quantinuum is seeking to raise $1.05B in its US IPO, marketing ~21M shares for $45 to $50 each, giving it a $12.7B valuation at the top of the range (Carmen Reinicke/Bloomberg) [49d]
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