The Brutalist Report - techmeme

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Sources: Qualcomm is in advanced talks to acquire Modular in a transaction valuing the AI chip startup at ~$4B, up from a $1.6B valuation in September 2025 (Bloomberg) [20d]
Filing: Oracle's global workforce fell by 21,000 employees in the past 12 months to 141,000 as of May 31; the company says AI adoption has led to reductions (Brody Ford/Bloomberg) [20d]
President Trump signs two executive orders aimed at speeding the development of advanced quantum computers and mitigating the security threats they present (Amrith Ramkumar/Wall Street Journal) [20d]
Sources: Meta internally exposed data from its employee-tracking program meant to help train its AI models, including full prompts and private conversations (Wired) [20d]
Air Space Intelligence won an $875M, 12-year FAA contract to develop AI tools that map flight trajectories and identify areas of congestion to reduce delays (Allyson Versprille/Bloomberg) [20d]
Sakana AI launches Fugu, a multi-agent orchestration system accessible through a single model API, claiming Fugu Ultra matches Fable and Mythos on benchmarks (Carl Franzen/VentureBeat) [20d]
Sources: Vimeo owner Bending Spoons seeks to raise ~$1.62B in a US IPO, selling 58M shares at $26 to $28 apiece, at a valuation of $19B at the top of the range (Echo Wang/Reuters) [20d]