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Sources: China targets 70%+ of silicon wafers used by its chipmakers to be made domestically by 2026; chipmakers see an unspoken mandate to use local 12" wafers (Nikkei Asia)

Sources: China targets 70%+ of silicon wafers used...

3 months ago 29 Add to circle

RadixArk, led by former xAI employee Ying Sheng, raised a $100M seed at a $400M valuation to make AI inference more efficient via its open-source SGLang engine (Meghan Bobrowsky/Wall Street Journal)

RadixArk, led by former xAI employee Ying Sheng, r...

3 months ago 13 Add to circle

a16z crypto raised $2.2B for its fifth fund, down from its record $4.5B Fund 4 in May 2022, taking its total capital raised across five funds to ~$9.8B (Yogita Khatri/The Block)

a16z crypto raised $2.2B for its fifth fund, down ...

3 months ago 12 Add to circle

The US Commerce Department's CAISI says Google, Microsoft, and xAI join OpenAI and Anthropic in granting early access to evaluate models prior to public release (Bloomberg)

The US Commerce Department's CAISI says Google, Mi...

3 months ago 10 Add to circle

Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying "AI is changing how we work" (Reuters)

Coinbase CEO Brian Armstrong announces the company...

3 months ago 10 Add to circle

Shopify reports Q1 revenue up 34% YoY to $3.2B, above est., GMV up 34% YoY to $100B, and forecasts weaker Q2 revenue growth; SHOP falls 11%+ pre-market (Ignacio Gonzalez/Bloomberg)

Shopify reports Q1 revenue up 34% YoY to $3.2B, ab...

3 months ago 11 Add to circle

Zyg, an AI startup by ironSource's founders to automate business functions, raised $60M led by Accel at a $500M valuation, two months after exiting stealth (Marissa Newman/Bloomberg)

Zyg, an AI startup by ironSource's founders to aut...

3 months ago 12 Add to circle

Meta says it will expand Instagram teen account safeguards to 27 EU countries, and plans to roll them out on Facebook in the US, ahead of the UK and EU in June (Foo Yun Chee/Reuters)

Meta says it will expand Instagram teen account sa...

3 months ago 12 Add to circle

Microsoft's 2026 Work Trend Index: a survey of 20K AI users finds 65% fear falling behind, but only 13% report being rewarded for workplace AI experimentation (Todd Bishop/GeekWire)

Microsoft's 2026 Work Trend Index: a survey of 20K...

3 months ago 13 Add to circle

PayPal reports Q1 net revenue up 7% YoY to $8.4B, total payment volume up 11% YoY to $464B, active accounts up 1% to 439M, and seeks $1.5B+ in cost savings (Paige Smith/Bloomberg)

PayPal reports Q1 net revenue up 7% YoY to $8.4B, ...

3 months ago 13 Add to circle

Meta is using AI on Facebook and Instagram to detect under-13 users by analyzing bone structure, height, and visual cues, but says it's "not facial recognition" (Emma Roth/The Verge)

Meta is using AI on Facebook and Instagram to dete...

3 months ago 26 Add to circle

Crypto exchange Bullish agrees to acquire Equiniti, a UK-based financial services outsourcing business, from Siris Capital in a $4.2B deal, set to close in 2027 (Emily Nicolle/Bloomberg)

Crypto exchange Bullish agrees to acquire Equiniti...

3 months ago 13 Add to circle

Investigation: an inheritance dispute over an ex-LG chair's estate prompts a criminal complaint over how the dynastic South Korean chaebol family divides assets (New York Times)

Investigation: an inheritance dispute over an ex-L...

3 months ago 13 Add to circle

Source: YC owns ~0.6% of OpenAI, which was seeded by a YC offshoot called YC Research in 2016; at OpenAI's current $852B valuation, the stake is worth $5B+ (John Gruber/Daring Fireball)

Source: YC owns ~0.6% of OpenAI, which was seeded ...

3 months ago 24 Add to circle

Nscale agrees to spend €695M on infrastructure in Portugal in an expansion of its Microsoft partnership, supplying 66K+ Nvidia Rubin GPUs from late 2027 (Paula Doenecke/Bloomberg)

Nscale agrees to spend €695M on infrastructure in ...

3 months ago 13 Add to circle

In Q1, the iPhone 17 was the world's best-selling smartphone, with 6% of global sales; the iPhone 17 Pro Max and 17 Pro were 2nd and 3rd, and Galaxy A07 was 4th (Counterpoint Research)

In Q1, the iPhone 17 was the world's best-selling ...

3 months ago 12 Add to circle

Letter: UK-based Google DeepMind workers voted to unionize with the Communication Workers Union and Unite in April, representing 1K+ staff, amid the US DOD deal (Alice Speri/The Guardian)

Letter: UK-based Google DeepMind workers voted to ...

3 months ago 11 Add to circle

Global chip sales hit $298.5B in Q1 2026, up 25% from Q4 2025, and March sales were up 79.2% YoY to $99.5B, driven by strong sales in Asia and the Americas (Semiconductor Industry Association)

Global chip sales hit $298.5B in Q1 2026, up 25% f...

3 months ago 11 Add to circle