The Brutalist Report

Techmeme

LSEG: tech companies have raised $3.1B from mainland China stock market listings YTD, up 5x+ from a year earlier, as AI and chip companies drive onshore IPOs (Reuters) [14d]
The rapid pace of AI progress has created a pervasive fear of missing out across Silicon Valley, fueling anxiety among founders, executives, employees, and VCs (Bloomberg) [14d]
Sports clips' rise on platforms like YouTube has left broadcasters debating whether to use them to attract younger viewers or protect their subscription revenue (Lillian Rizzo/CNBC) [14d]
Sakana AI's Fugu and 360's cybersecurity model Tulongfeng claim to rival Anthropic's banned Mythos and Fable 5 models amid the US export ban (Kate Park/TechCrunch) [15d]
AI executives and lobbyists say they are seeking regulatory clarity from the Trump administration but are wary of pressing for answers, fearing retaliation (Politico) [15d]
A look at South Korea's four vocational "meister" schools that train students to work in semiconductor manufacturing, leading to jobs at Samsung and SK Hynix (Max Kim/New York Times) [15d]
Source: the Trump administration is close to allowing Anthropic to restore access to Fable 5; limits could be lifted as soon as this coming week (Axios) [15d]
Polymarket says its annualized revenue is now $1B+; Dune Analytics: daily volume on Polymarket's US platform rose from ~$50M in mid-May to $200M+ by June 20 (Davis Giangiulio/CNBC) [15d]
Streaming services must comply with a California law that bans playing ads louder than the content being watched from July 1, but its implementation is unclear (Scharon Harding/Ars Technica) [15d]
A look at advanced chip packaging, now more reliant on TSMC and its partners in Taiwan than ever, and the efforts to address this bottleneck in the US (Don Clark/New York Times) [15d]
Sources: Meituan, Baidu, Xiaomi, and other Chinese tech giants have been trimming their workforces, fueling Chinese workers' concerns of being replaced by AI (Wency Chen/South China Morning Post) [15d]
Japanese financial giant SBI Holdings agrees to acquire Bitbank, a top 10 Japanese crypto exchange by trading activity, for ~$289M, set to close in October (Jamie Crawley/CoinDesk) [15d]
Source: Intel has promised to deliver SpaceX and Apple a toolkit this fall to test its 14A node before they make final commitments to produce chips with Intel (Tripp Mickle/New York Times) [15d]
Insurance tech startup Corgi denies accusations that it used Papermark's open source software code to develop its software and present it as its own (Julie Bort/TechCrunch) [15d]
Sources: the CFTC began an extensive investigation of Polymarket earlier this year; the agency's former acting head killed a separate investigation in July 2025 (New York Times) [15d]
Sources: Apple is lobbying the Trump admin for clearance to buy memory chips from US-blacklisted Chinese company CXMT to ease pressure from rising chip prices (Financial Times) [15d]
Sources: SpaceX and Charter have held executive-level talks on a consumer mobile phone offering, which would help SpaceX become a DTC mobile phone provider (Kelcee Griffis/Bloomberg) [15d]
Anthropic says the US government is allowing Mythos 5 to be redeployed to critical infrastructure operators, and is working to restore general access to Fable 5 (@anthropicai) [15d]