The Brutalist Report

Techmeme

• Intel names former SK Hynix CEO Seok-Hee Lee as EVP of Intel Foundry; Naga Chandrasekaran will lead front-end technology development and front-end manufacturing (Juby Babu/Reuters) [24d]
• Sources: Kalshi is generating $2B+ in annualized revenue, up about three times from November, and has held informal talks with banks about an eventual IPO (Yueqi Yang/The Information) [24d]
• Snap plans to spin off an internal generative AI video team into Dotmo, a new company focused on AI models for interactive gaming experiences, citing high costs (Lucas Ropek/TechCrunch) [24d]