The Brutalist Report - techmeme
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- Helcim, a payments processor for SMBs, raised a CA$53M Series C led by Business Development Bank of Canada's Growth Venture Fund at a CA$250M valuation (Madison McLauchlan/BetaKit) [20d]
- OpenAI says California should amend SB 53 to expand safeguards, including requiring monitoring of frontier models under training, following AI agent hacks (Chase DiFeliciantonio/Politico) [20d]
- Gurman: as part of Vision Pro cuts, Apple is largely shutting down a team focused on gaming and reducing the size of a unit producing immersive video content (Chance Miller/9to5Mac) [20d]
- Nvidia makes a minority investment in Cloverleaf, which works with utilities and energy providers to secure infrastructure for data center sites (Rashika Singh/Reuters) [20d]
- OpenAI cuts GPT-5.6 Sol's API and credit prices by over 20% for the next three months, to $4/1M input tokens and $20/1M output tokens (Anzar Mehraj/Reuters) [20d]
- Sources: Devoted Health, which uses AI to help coordinate medical care for those enrolled in Medicare Advantage, is raising new funding at a $25B valuation (Katie Roof/Business Insider) [20d]
- Nvidia says its general-purpose coding agent system AVO scored 100% across all 25 environments in the ARC-AGI-3 public set, completing all 183 levels (Terry Chen/NVIDIA Technical Blog) [20d]
- Anthropic hires Amir Salek, who ran Google's TPU business until 2022, to join its compute team as part of a push to develop its own chips (Dina Bass/Bloomberg) [20d]
- DHH launches Omacom Foundation, a non-profit supporting his Omarchy Linux distro, with $8M in funding from Michael Dell, Jack Dorsey, Patrick Collison, others (Omarchy News) [20d]
- Source: OpenAI's VP of sales in the Americas, Kaylin Voss, resigned a week after Denise Dresser left, prompting others on the sales team to consider resigning (Laura Bratton/The Information) [20d]
- The US DOJ and TikTok reach a $400M settlement to resolve allegations TikTok violated COPPA; the DOJ filed the lawsuit in 2024 (Ashley Gold/Axios) [20d]
- Sources: Apple is cutting 200+ jobs, including ~100 positions from the Vision Pro unit and another 100 from the Siri team, as it focuses on new devices and AI (Mark Gurman/Bloomberg) [20d]
- Anthropic says Mythos 5 is now in public beta in Claude Security for Enterprise users, and it is working with providers to embed Mythos 5 in defensive tools (Claude) [20d]
- Sources: London-based AI infrastructure startup Nscale is seeking to raise as much as $3B in its US IPO, which could take place as soon as September (Bailey Lipschultz/Bloomberg) [20d]
- Sources: US Department of Energy is investigating whether Chinese lidar sensors might pose a security risk if they become widely used on vehicles in the US (Sean O'Kane/TechCrunch) [20d]
- Walmart, which has long resisted contactless Tap to Pay payments, says it will soon start rolling out the tech, which supports Apple Pay, Google Pay, and more (Sarah Perez/TechCrunch) [20d]
- Filings: Apple paid Ireland $17B in taxes last year, after an EU court ordered it to pay €13B in back taxes; Apple paid $43B in corporate income taxes globally (Jamie John/Financial Times) [20d]
- Uber is set to be fined €825M by the Dutch data watchdog over its use of automated systems to deactivate driver accounts, in the second largest fine under GDPR (Financial Times) [20d]
- Space data center startup Starcloud raised a $250M extension, at a $2.3B valuation, to its March $170M Series A; source: Nvidia invested $25M (Tim Fernholz/TechCrunch) [20d]
- Kakao plans to spin off its chat app-based platform business into a new company tentatively named KakaoAI, which it expects to relist in Korea in 2027 (Reuters) [21d]
- Filings: China-based chipmaker YMTC's application to list its shares on Shanghai's STAR Market has been accepted, setting the stage for a $4.9B share sale (Reuters) [21d]
- DeepSeek unveils an experimental version of its V4 Flash model that can understand visual prompts, saying it nears the performance of Anthropic's Opus 4.8 (Bloomberg) [21d]
- Patreon announces new and overhauled features, including changes to its recommendation system to make it easier for smaller creators to get discovered (Jess Weatherbed/The Verge) [21d]
- A look at London cab drivers' concerns and pushback against robotaxis, as Waymo and Wayve race to make London their European launch pad for driverless services (Financial Times) [21d]
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