The Brutalist Report

Techmeme

• SAP will make it easier for customers to switch to rival service providers or end contracts, averting a possible EU antitrust fine after a September 2025 probe (Foo Yun Chee/Reuters) [2d]
• SK Hynix raises $26.5B in the largest ever US market debut by a foreign company, selling 177.9M ADRs for $149 each; the sale was more than 7x oversubscribed (Bloomberg) [2d]
• Fidji Simo is stepping down from her full-time role at OpenAI because her medical condition has worsened, and will become a part-time adviser (Wall Street Journal) [2d]