The Brutalist Report

Techmeme

Illinois Legislature passes SB 315, a bill requiring annual independent third-party safety audits of leading AI companies; the bill heads to the governor's desk (Jared Perlo/NBC News) [47d]
The US DOD announces a $9.7B five-year deal with Dell to provide Microsoft 365, advanced cloud subscriptions, and on-premises licensing to the US military (Garrett Downs/CNBC) [47d]
US prosecutors charge Google engineer Michele Spagnuolo with using inside information to make $1.2M on Polymarket bets about Google's Year in Search results (ABC News) [47d]
Sources: Uber has increased its stake in Delivery Hero to ~37% by acquiring Aspex Management's 14.6% share at a €12B valuation, after a takeover offer last week (Financial Times) [47d]
HP reports Q2 revenue up 9% YoY to $14.4B, vs. $14B est., Personal Systems revenue up 13% to $10.2B, and forecasts Q3 adjusted EPS above estimates (Dina Bass/Bloomberg) [47d]
Salesforce reports Q1 revenue up 13% YoY to $11.13B, vs. $11.05B est., Agentforce annual recurring revenue up 205% to $1.2B, and forecasts Q2 revenue below est. (Jordan Novet/CNBC) [47d]
Snowflake reports Q1 revenue up 33% YoY to $1.39B, vs. $1.32B est., and commits to spending $6B on AWS over five years; SNOW jumps 29%+ after hours (CNBC) [47d]
The UK's GCHQ head says the UK and allies have a "narrowing window" to counter cyber threats from China and Russia, as Russia intensifies "daily" hybrid warfare (Chloe Taylor/CNBC) [47d]
Amazon MGM Studios announces the GenAI Creators' Fund, greenlights three AI animated series for Prime Video, and launches an AI production platform with AWS (Todd Spangler/Variety) [47d]
Valve raises Steam Deck OLED prices due to "rising memory and storage costs"; the 512GB model is now $789, up from $549, and the 1TB model is $949, up from $649 (Jay Peters/The Verge) [47d]
Meta rolls out Plus plans for Instagram, Facebook, and WhatsApp globally, will test $7.99/mo. and $19.99/mo. Meta AI plans, a $49.99/mo. creator plan, and more (Sarah Perez/TechCrunch) [47d]