IBM acquires HRL Laboratories from Boeing and General Motors, seeking to integrate HRL's electron spin quantum circuits into its quantum computers (Stephen Nellis/Reuters)

AI inference chip startup Etched raised a $300M Series C led by Sequoia, with a16z, SK Hynix, others participating, at a $10.3B valuation, up from $5B in Dec. (Julie Bort/TechCrunch)

The Little Tech Association, a new group of ~200 companies across the startup community, including Y Combinator, urges Trump not to ban Chinese open-weight AI (Sophia Cai/Politico)

Sources: OpenAI staff were "freaked out" when GPT-Sol 5.6 breached Hugging Face, as OpenAI used more aggressive training methods to compete with Anthropic (Financial Times)

Google says its cloud computing unit had a $514B backlog of contracted work that hasn't been recorded as revenue yet, up from ~$460B held during Q1 (Julia Love/Bloomberg)

Sony Music files a second copyright suit against Udio, alleging the AI music company copied 30,117 recordings without permission to train its AI models (Murray Stassen/Music Business Worldwide)

GitHub says individuals and orgs have invested $100M+ in open source maintainers and projects via GitHub Sponsors since 2019, with $10M in the past five months (Stephanie Lincoln/The GitHub Blog)