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Terra AI, which develops AI models for mining companies to better map underground resources, raised a $20M Series A led by Khosla Ventures (Katie Fehrenbacher/Axios)
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Town, which is developing personalized AI assistants that connect to users' email and calendar, raised a $55M Series A led by a16z (Lily Mae Lazarus/Fortune)
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Wordsmith, whose AI tools help in-house lawyers draft contracts, handle legal questions, and more, raised a $70M Series B, bringing its total funding to $100M (Melia Russell/Business Insider)
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Forage, a payments processor that helps retailers and food-delivery companies accept EBT cards, raised a $40M Series B led by Mouro Capital at a $225M valuation (Yuliya Chernova/Wall Street Journal)
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Lassie, whose AI agent helps dental practices automate admin work, raised a $35M Series A led by a16z, a source says, at a ~$250M valuation (Alex Konrad/Upstarts Media)
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Meta is spinning off Supernatural into an independent company, Supernatural Health, after earlier saying the VR fitness game would stop getting new content (Victoria Song/The Verge)
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Digital i: YouTube overtakes Netflix in average daily viewing globally, rising from 87.2 minutes in 2024 to 99.1 in 2025, while Netflix fell from 100.5 to 93.4 (Michael Savage/The Guardian)
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Mustafa Suleyman says Microsoft aims to become "one of the top four labs in the world", and "the pivotal moment was renegotiating our contract with OpenAI" (The Verge)
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Anthropic unveils a Services Track for its Claude Partner Network, a ranking based on what companies built with Claude, and releases a Claude Partner Hub portal (Belle Lin/Wall Street Journal)
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Meta launches Meta Business Agent globally on WhatsApp and Instagram DMs, after a two-year pilot of the customer support AI bot in India, Mexico, and others (Ivan Mehta/TechCrunch)
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Google sold $35B in stock in its equity raise this week, up from its planned $30B and taking its total funding to $85B; a source says it contacted 75 investors (Katherine Blunt/Wall Street Journal)
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Apple plans to open an Apple Developer Center in Berlin in 2026, its first center in Europe and fifth globally, offering in-person developer access and sessions (David Phelan/Forbes)
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Boston-based software monitoring startup Coralogix raised a $200M Series F at a $1.6B post-money valuation, up from $1B+ after a $115M Series E in June 2025 (Jagmeet Singh/TechCrunch)
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Analysis: 10 Trump officials, including special envoy Steve Witkoff, reported holding stakes in SpaceX or xAI collectively worth $9.9M+, ahead of SpaceX's IPO (Bloomberg)
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The EU's Cloud and AI Development Act aims to triple data center capacity in the next 5-7 years, and introduce the Chips Act 2.0 to allow direct EU investment (Gian Volpicelli/Bloomberg)
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The EU Commission unveils its proposed tech sovereignty package, including the Cloud and AI Development Act, in a bid to cut its reliance on US tech companies (Mathieu Pollet/Politico)
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Baidu CFO Henry He says the company expects to spin off and list its chip unit Kunlunxin in Hong Kong and Shanghai in 2026, making it a "neutral player" (Tracy Qu/Wall Street Journal)
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ESA and YouGov: 212.3M people in the US between the ages of 5 and 90 play video games every week, up 3% from 2025; the average age of players rises to 37 (Jennifer Maas/Variety)
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Supercell, King, and Sybo warn that EU's Digital Fairness Act, requiring pop-ups showing real-world values of virtual currencies, could make games "unplayable" (Richard Milne/Financial Times)
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Europol and international law enforcement agencies dismantle nine organized crime groups and arrest 29 in a crackdown on illegal streaming, removing 27K URLs (Sergiu Gatlan/BleepingComputer)
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AI market research platform AlphaSense raised $350M from Vitruvian, Accenture, and others at a $7.5B valuation, up from $4B in 2024, ahead of a possible IPO (Ben Glickman/Wall Street Journal)
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Apoha, which is developing a "Liquid State Intelligence" data layer to measure molecules in the real world, emerges from stealth with $36M led by Singular (Mike Butcher/Pathfounders)
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How OpenAI, Anthropic, and AI startups are pursuing "recursive self-improvement", in a bid to build AI that can improve itself with little to no human input (Financial Times)
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The US data center build-out is falling behind schedule; JP Morgan says 60%+ of data center capacity planned for completion in 2027 isn't yet under construction (Katherine Blunt/Wall Street Journal)
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Doc: Apple agreed in May to submit the financials of its India business to the country's antitrust body as part of an investigation over alleged market abuses (Aditya Kalra/Reuters)
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How Revolut founder Nikolay Storonsky's Elon Musk-style pay incentives pushed his fortune to ~$20.4B, making him the UK's richest person, ahead of a planned IPO (Aisha S Gani/Bloomberg)
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Israeli startup ZutaCore, which builds direct-to-chip liquid data center cooling systems, raised a $100M Series C from Mitsubishi and more at a $600M valuation (Meir Orbach/CTech)
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AI music startup Suno raised $400M led by Bond at a $5.4B valuation, up from $2.45B after raising $250M in November 2025, and passed 2M subscribers in February (Lucas Shaw/Bloomberg)
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Layup Parts, which aims to digitize the composite manufacturing supply chain for aerospace, defense, and motorsports, raised a $42M Series A led by Marlinspike (Sean O'Kane/TechCrunch)
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Google unveils five AI data center water commitments, including becoming water positive by 2030, local infrastructure investment, and transparency about usage (Lauren Feiner/The Verge)
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How startups Westmag, which raised an $11M, a16z-led seed in August 2025, and Atlas are seeking to make actuators, the foundation of hardware, outside of China (Kylie Robison/Core Memory)
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Alibaba releases Qwen3.7-Plus, a multimodal proprietary model with a 1M-token context window, costing $2 per 1M tokens, 60% less than text-only Qwen3.7-Max (Carl Franzen/VentureBeat)
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Barcelona-based HR software startup Factorial raised a $150M Series D led by General Catalyst at a $2.5B valuation to expand AI agents and grow in Germany (Mauro Orru/Wall Street Journal)
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The EU General Court annuls the EU's designation of Meta's Marketplace as a DMA gatekeeper, citing partial evidence, but upholds the designation for Messenger (Samuel Stolton/Bloomberg)
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GitLab is laying off 350 staff, or 14% of its workforce, as it pivots to become an AI-focused enterprise software development platform, and exits 22 countries (Dean Seal/Wall Street Journal)
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French quantum computing startup Quobly, which is developing silicon-based quantum computers, raised a €115M Series A led by Bpifrance, SEALSQ, and STMicro (Tamara Djurickovic/Tech.eu)
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London-based Gigaton, which is developing AI to automate industrial control systems for cement, steel, glass, and chemicals plants, raised a $26M Series A (Mike Butcher/Pathfounders)
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The UK CMA says publishers in the country will be allowed to opt out of Google AI search results, giving the company nine months to implement the changes (Imran Rahman-Jones/BBC)
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Q&A with labor economist Kathryn Anne Edwards on why much of the AI jobs panic is overblown, why the US should start planning for AI job loss outcomes, and more (Casey Newton/Platformer)
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Google says it is testing a new toggle inside its Search Console with some UK domain owners, letting them decide whether their sites appear in AI search results (Igor Bonifacic/Engadget)
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Mastercard says it plans to offer on-chain settlement using several regulated USD stablecoins, initially supporting USDC, PYUSD, USDG, USDP, RLUSD, and SoFiUSD (Helene Braun/CoinDesk)
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UnearthInsight: Indian IT companies have spent $7.1B on acquisitions since the start of 2025 to gain clients, as AI-led pricing pressure weakens organic growth (Shristi Achar/The Economic Times)
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How India's ambitions to build and export a sovereign AI template are colliding with structural constraints, including a dependence on foreign AI infrastructure (Saritha Rai/Bloomberg)
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Sources: DeepSeek is set to raise ~$7.4B in its first funding round from investors including Tencent and CATL at a valuation of between ~$52B and ~$59B (Reuters)
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Current and former Meta employees detail Alexandr Wang's efforts to revive Meta's AI edge, as Muse Spark boosts confidence despite lagging rivals in coding (Hannah Murphy/Financial Times)
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Sensor Tower: ChatGPT has become the fastest app to hit 1B global MAUs by far; ChatGPT's MAUs are up 62% YoY in Q2 to date, Claude's MAUs are up 640% YoY to 56M (Harshita Mary Varghese/Reuters)
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University of Toronto researchers claim to have developed a "worm" powered by open source AI that exploits known flaws and tailors attacks for each computer (Cade Metz/New York Times)
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Source: SpaceX plans to raise $75B in its IPO by selling 555.6M shares at $135 each, an unusual move since most companies set a price range before the roadshow (Echo Wang/Reuters)
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Source: Google asked Google Play app devs to join a "confidential content offer pilot", offering to pay for access to codebases to use them to train AI tools (Jason Koebler/404 Media)
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