The Brutalist Report

Techmeme

Triomics, which is building an AI-powered platform to help oncologists automate data-heavy tasks, raised a $22M Series B, following a $15M Series A in 2024 (Marina Temkin/TechCrunch) [46d]
Sources: Apollo Global and Blackstone are working to bring additional investors into a ~$36B debt financing deal to purchase Google TPUs for Anthropic to lease (Bloomberg) [46d]
California AG Rob Bonta sues 23andMe, alleging it failed to protect sensitive user data in a 2023 breach that affected ~7M people across the US (Jaimie Ding/Associated Press) [46d]
Okta reports Q1 revenue up 11% YoY to $765M, vs. $752M est., says the agentic AI build-out is spiking demand for its identity tools; OKTA jumps 7%+ after hours (Samantha Subin/CNBC) [46d]
Sources: Amazon has shut down an internal leaderboard that tracked employees' use of AI tools after workers tried to boost their scores with needless tasks (Rafe Rosner-Uddin/Financial Times) [46d]
Sources: Airwallex raised new funding led by Lee Fixel's Addition at a ~$12B valuation, up from $8B late last year, and hit $1.5B in ARR, up from $1B in October (Axios) [46d]
Doc: the EU is preparing emergency powers to intervene in Europe's chip supply chains during shortages, including by forcing chipmakers to override contracts (Barbara Moens/Financial Times) [46d]
Dell reports Q1 revenue up 88% YoY to $43.84B, vs. $35.43B est., and forecasts FY 2027 revenue above estimates; DELL jumps 15%+ after hours (Jordan Novet/CNBC) [46d]
Autodesk agrees to buy MaintainX, a company focused on maintenance tools, in an all-cash deal that values MaintainX at $3.6B (Brody Ford/Bloomberg) [46d]
Snowflake stock closed up 36% on Thursday, its best day ever, after the company boosted guidance and announced an AI compute deal with Amazon (Samantha Subin/CNBC) [46d]
Fonoa, which helps enterprises manage indirect tax compliance, raised a $110M Series C led by Headline and acquired PwC's Indirect Tax Edge platform (Ryan Lawler/Axios) [46d]
Anthropic adds dynamic workflows to Claude Code, enabling hundreds of subagents to run in parallel for complex engineering tasks such as framework migrations (Claude) [46d]
The CFTC moves to vacate a $5M settlement with Gemini, reversing a Biden-era enforcement action, following a lobbying campaign by the Winklevoss twins (Wall Street Journal) [46d]
Anthropic raised $65B at a $900B valuation, up from $380B three months ago and ahead of OpenAI's last valuation of $730B, says its revenue run rate crossed $47B (New York Times) [46d]
Anthropic says it expects Mythos-class models to be available to all customers "in the coming weeks" following the development of stronger safeguards (Madison Mills/Axios) [46d]
Corgi, which uses AI to provide insurance for startups, raised a $106M Series B1 at a $2.6B valuation, up from $1.3B on May 6, for a total funding of $378M (Dominic-Madori Davis/TechCrunch) [46d]
Anthropic launches Opus 4.8, saying it's "more likely to flag uncertainties about its work and less likely to make unsupported claims", at the same price as 4.7 (Russell Brandom/TechCrunch) [46d]
Elon Musk says Anthropic's Colossus deal is "a 180 day lease with 90 day notice"; SpaceX's S-1 said Anthropic "agreed to pay a monthly fee through May 2029" (Russell Brandom/TechCrunch) [46d]
Meta's Oversight Board says Meta agreed to increase its funding by $13M, ensuring that it will be funded through 2028, reversing a planned decrease in funding (Casey Newton/Platformer) [46d]
IBM plans to invest more than $10B in quantum computing over five years as it aims to build the first large-scale, error-free quantum computer by 2029 (Reuters) [46d]
Waymo unveils Ojai, a vehicle designed in partnership with Zeekr for robotaxi use, initially for select riders in San Francisco, Los Angeles, and Phoenix (Edward Ludlow/Bloomberg) [46d]
YouTube launches new Premium podcast features, including an AI-powered recommendation tool, an "Auto speed" setting, and a new on-the-go listening mode (Aisha Malik/TechCrunch) [46d]
Saris, which builds AI agents to automate back-office work for banks and credit unions, raised a $28.8M Series A led by 8VC (Ryan Lawler/Axios) [47d]
Reactor, which says its AI platform can generate video in real-time with near-zero latency, emerges from stealth with a $59M Series A led by Lightspeed (Todd Spangler/Variety) [47d]
Visa makes an undisclosed investment in Replit; the two will explore how Replit developers can use Visa Intelligent Commerce and the Trusted Agent Protocol (Ivan Mehta/TechCrunch) [47d]
Source: Groq is raising ~$650M from existing investors; the AI chipmaker earlier signed a $20B Nvidia licensing deal that saw much of its senior team depart (Dan Primack/Axios) [47d]
Israel-based web development company Wix is cutting 20% of its workforce, citing the "fast evolution of AI capabilities" and currency exchange rate difficulties (CJ Haddad/CNBC) [47d]
Intel unveils its first dedicated handheld gaming chips, the Arc G3 and Arc G3 Extreme, featuring Xe3 GPU cores, arriving first in the Acer Predator Atlas 8 (Sean Hollister/The Verge) [47d]
Qualcomm unveils the Snapdragon C, an entry-level ARM-based SoC for Windows 11 devices starting at $300 and shipping in 2026, to compete with the MacBook Neo (Zac Bowden/Windows Central) [47d]
Sources: at WWDC, Apple is likely to showcase how 15 years of designing custom silicon chips gives it an advantage in local AI, using a distilled Gemini model (Aaron Tilley/The Information) [47d]
Filing: CNN sues Perplexity in New York for allegedly unlawfully copying and distributing CNN content, after failing to agree on terms with Perplexity in 2025 (Brian Stelter/CNN) [47d]
YouTube adds a "custom feed" to its home page, letting users enter a prompt to create a constantly refreshed feed, available to signed-in users in the US (Andrew Romero/9to5Google) [47d]
Illustrations based on sources detail Apple's Siri overhaul, including a new UI, a chatbot-style app, and other major iOS 27 changes, ahead of WWDC on June 8 (Mark Gurman/Bloomberg) [47d]
Oura unveils the Oura Ring 5, with a 40% smaller form factor, improved sensing, and repositioned LEDs, on sale from June 4 for $399, up from the Ring 4's $349 (Bloomberg) [47d]