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Pursuit, which uses AI to scan public data to help companies find and win government contracts, raised a $22M seed led by OpenGov co-founder Mike Rosengarten (Dominic-Madori Davis/TechCrunch)
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Poll: 31% of US adults expect driverless cars to be common within five years, up from 19% in 2018, and 19% say they would own or lease one, the same as in 2018 (Mary Page James/Gallup)
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The European Commission issues preliminary DSA findings against Meta, saying Instagram and Facebook fail to prevent under-13 users from accessing the services (Gian Volpicelli/Bloomberg)
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Bengaluru-based stock trading platform Sahi raised a $33M Series B led by Accel at a $200M valuation to expand into margin trade funding, commodities, and more (The Economic Times)
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An interview with AWS CEO Matt Garman on why AWS will be a better OpenAI partner than Microsoft, chip bubble fears, Jeff Bezos' Project Prometheus, and more (Alex Heath/Sources)
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Sources: China suspends issuing new Level 4 autonomous vehicle licenses, after over 100 of Baidu's Apollo Go robotaxis disrupted traffic in Wuhan last month (Bloomberg)
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Filing: TSMC sold its remaining 1.11M Arm shares at $207.65 per share for a total of ~$231M this week; TSMC invested ~$100M in Arm's 2023 IPO at $51 per share (Wen-Yee Lee/Reuters)
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Pentagon's Digital and AI Chief Cameron Stanley confirms the DoD is expanding its Google Gemini use, saying "overreliance on one vendor is never a good thing" (Seema Mody/CNBC)
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New York-based Actively, which offers AI sales agents for account management, raised a $45M Series B co-led by TCV and First Harmonic at a $250M valuation (Sofia Chierchio/Forbes)
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Sources: Apple tells suppliers it will maintain its current production share in India rather than expand, after local sites struggled without China-based teams (Nikkei Asia)
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Sources: the White House is developing rules for government agencies to get around Anthropic's supply chain risk designation and onboard new models like Mythos (Axios)
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Microsoft is rolling out Copilot 365 to all of Accenture's roughly 743,000 employees, in the biggest enterprise deal for Copilot, following a 2023 pilot (Aditya Soni/Reuters)
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Parallel Web Systems, founded by former Twitter CEO Parag Agrawal and which offers web search tools for AI agents, raised a $100M Series B at a $2B valuation (Belle Lin/Wall Street Journal)
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OpenAI's Codex instruction set contains a line, repeated several times, that forbids Codex from randomly mentioning goblins, gremlins, and other creatures (Will Knight/Wired)
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A US judge denied Sam Bankman-Fried's request for a new trial based on what SBF called new evidence; SBF tried to withdraw his request, but the judge refused (Bob Van Voris/Bloomberg)
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EU countries and lawmakers reach an impasse on a deal watering down the EU's AI Act due to some parties seeking exemptions for already regulated industries (Foo Yun Chee/Reuters)
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Mitchell Hashimoto, co-founder of HashiCorp, says his terminal application Ghostty will move off GitHub, citing GitHub's frequent outages (Mitchell Hashimoto)
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Sources: Goldman Sachs stopped its bankers in Hong Kong from using Anthropic's models; Anthropic says its models were never officially "supported" in Hong Kong (Financial Times)
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Docs: OpenAI projected at the start of this year that $8/month ChatGPT Go subs will grow ~36x to 112M in 2026, while $20/month Plus subs will fall 80% to ~9M (Sri Muppidi/The Information)
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US startup Poolside debuts its first open-weight model, Laguna XS.2, a 33B-A3B-parameter MoE model, and Laguna M.1, a proprietary 225B-A23B-parameter MoE model (Carl Franzen/VentureBeat)
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Nvidia launches Nemotron 3 Nano Omni, an open multimodal model with a 30B-A3B hybrid MoE architecture; the Nemotron 3 family saw 50M+ downloads in the past year (Kyt Dotson/SiliconANGLE)
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AWS launches a desktop app for its Amazon Quick AI assistant, letting users connect their tools and local files to build custom apps, live dashboards, and more (Jigar Thakkar/About Amazon)
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Sources: the US Commerce Department last week ordered multiple chip equipment companies to halt some shipments to China's second-largest chipmaker, Hua Hong (Karen Freifeld/Reuters)
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NXP reports Q1 revenue up 12% YoY to $3.18B, vs. $3.15B est., and forecasts Q2 revenue above estimates; NXPI jumps 13%+ after hours (Christina Kyriasoglou/Bloomberg)
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Musk v. Altman: Musk testifies he's suing OpenAI because "it is not okay to steal a charity" and its pivot sets a concerning precedent for philanthropic efforts (Bloomberg)
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Robinhood reports Q1 revenue up 15% YoY to $1.07B, vs. $1.14B est., and crypto revenue down 47% to $134M, vs. $147.6M est.; HOOD drops 6%+ after hours (Luke Kawa/Sherwood News)
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Seagate reports Q3 revenue up 44% YoY to $3.11B, vs. $2.96B est., and forecasts Q4 revenue and adjusted EPS above estimates; STX jumps 13%+ after hours (Zaheer Kachwala/Reuters)
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China's National Supercomputing Center in Shenzhen unveils the Lingshen project, aiming for 2+ exaFLOPS performance using a domestic-made CPU-only architecture (Luke James/Tom's Hardware)
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Sources: Apple plans an AI overhaul for photo editing in iOS 27, including using on-device AI models to extend, enhance, and reframe photos (Mark Gurman/Bloomberg)
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South Africa withdraws its first draft national AI policy after revelations that it contained fictitious sources that appeared to have been AI-generated (Nellie Peyton/Reuters)
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Q&A with Sam Altman and AWS CEO Matt Garman about OpenAI's new partnership with AWS, Bedrock Managed Agents, Trainium chips, and more (Ben Thompson/Stratechery)
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Sources: Google dropped out of a $100M Pentagon challenge to create tech for voice-controlled, autonomous drone swarms, following an internal ethics review (Katrina Manson/Bloomberg)
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Amazon and OpenAI announce an expanded deal that will make OpenAI's models available from AWS, a day after OpenAI revised its Microsoft partnership (Ina Fried/Axios)
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AWS launches Amazon Connect Decisions and Amazon Connect Talent, which are AI agentic tools aimed at logistics workers and recruiters (Matt Day/Bloomberg)
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The FIDO Alliance launches two working groups to establish industry standards for securing AI agent transactions; Google contributes the Agent Payments Protocol (Lily Hay Newman/Wired)
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Musk v. Altman: the judge asks Elon Musk and Sam Altman to "control your propensity to use social media to make things worse", as opening statements begin (Madlin Mekelburg/Bloomberg)
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Lovable launches its AI coding app on iOS and Android, letting users code via voice or text AI prompts, and allowing them to switch between a PC and mobile (Sarah Perez/TechCrunch)
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Foxconn Industrial Internet, which sells AI servers, reports Q1 revenue up 57% YoY to ~$37B, below $44.5B est., and a record ~$1.5B net income, below $1.8B est. (Rachel Yeo/Bloomberg)
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Sources: Polymarket has discussed lifting the prohibition on US-based customers with the CFTC, as it seeks to bring its main exchange back to the US (Bloomberg)
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Anthropic partners with Blender, Autodesk, Adobe, Ableton, and others to launch connectors that integrate Claude directly into professional creative workflows (Anthropic)
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OpenAI describes a report that it has missed internal goals as "prime clickbait" and says its consumer and enterprise businesses are "firing on all cylinders" (Seth Fiegerman/Bloomberg)
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True Anomaly, which makes autonomous spacecraft and software for the US Space Force, raised a $650M Series D at a $2.2B valuation, bringing total funding to $1B (Samantha Subin/CNBC)
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Snapchat launches AI Sponsored Snaps, a conversational ad format in the Chat tab that lets users talk to brand-specific AI agents for product recommendations (Aisha Malik/TechCrunch)
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US prosecutors allege Peter Stokes, a 19-year-old dual US-Estonian citizen known as Bouquet, is a Scattered Spider member; he was arrested at a Finnish airport (Jason Meisner/Chicago Tribune)
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Sources: at least two China-based funds that back leading AI companies have used parallel fund structures to fundraise from US investors in recent months (Bloomberg)
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Sources and memos: Tencent employees used Claude Code to assist them with evaluating and fine-tuning the company's new Hy3 model to improve its performance (Juro Osawa/The Information)
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GitHub addresses two recent incidents and says it aims to improve reliability amid AI growth, focusing on "availability first, then capacity, then new features" (Vlad Fedorov/The GitHub Blog)
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Chinese billionaire Chen Tianqiao says his startup MiroMind is adding strict "firewalls" between its Chinese and US businesses, as China blocked Manus' sale (Bloomberg)
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Bloomberg CTO Shawn Edwards says the company is overhauling Terminal with a new chatbot-style interface called ASKB, currently open to ~125K users in beta (Joel Khalili/Wired)
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