The Brutalist Report

The largest US banks plan to launch a tokenized deposit network in 2027 to connect traditional payment rails with the infrastructure that digital assets run on (Wall Street Journal) [7m]
Over 20 EU news publishers file a claim seeking €640M+ from Google following an EU decision that lets anyone harmed by Google's ad market abuse seek damages (Charlotte Tobitt/Press Gazette) [47m]
The NY State legislature passes a one-year moratorium on new large data centers, the first statewide ban of its kind if Governor Kathy Hochul signs it into law (Lauren Feiner/The Verge) [1h]
Filing: Reid Hoffman, who has served on Microsoft's board since 2017, will not stand for re-election at the company's 2026 annual meeting (Todd Bishop/GeekWire) [1h]
Sources: SpaceX prepares the largest retail allocation ever attempted in a megacap IPO, seeking to reserve as much as 25% of its $75B float for retail investors (Financial Times) [1h]
In an internal message, Satya Nadella rebuked an internal memo that said Microsoft needs to "make people addicted" to its new AI agent product called Scout (Aaron Holmes/The Information) [2h]
Allen Control Systems, which makes AI-powered gun turrets for shooting down drones, raised a $200M Series B led by Smash Capital at a $2.2B post-money valuation (Dan Primack/Axios) [2h]
Blackstone-backed data center operator AirTrunk commits to investing $30B in India by 2030, with plans to develop 5GW of new data center capacity in the country (Jagmeet Singh/TechCrunch) [2h]
What to expect at WWDC 2026: an overhauled Siri, a Siri app, a slew of new AI capabilities, OS updates focused on reliability and responsiveness, and more (Mark Gurman/Bloomberg) [3h]
Sources: US officials discussed the government taking stakes in major AI companies after Sam Altman pitched the idea; Altman met Bernie Sanders on Wednesday (Wall Street Journal) [3h]
A research team that includes Huawei says it successfully used Huawei's Ascend 910C chips for DeepSeek V4 Pro model's post-training, amid increased US sanctions (Coco Feng/South China Morning Post) [4h]
FCC Chair Brendan Carr says the agency will review E-Rate, a $3B annual program subsidizing school and library internet access, amid kids' screen time concerns (Finya Swai/The Hill) [5h]
China's securities regulator tightened oversight of the country's ~$3.4T private fund industry, and said it would encourage tech-focused VC investments (Reuters) [5h]
Sources say a months-long dispute between the White House and Anthropic is showing signs of easing across the US government as the company prepares for its IPO (Reuters) [6h]
Illinois Governor JB Pritzker plans to temporarily halt tax breaks for data centers from July 1, calling on state lawmakers to create a development framework (Natasha Korecki/NBC News) [6h]
India-based Innefu Labs, which builds AI-powered software for national defense and enterprise security infrastructure, raised a $30M Series B led by Panthera (The Economic Times) [6h]
University of Cambridge researchers say they have developed the first vaccine with a key component entirely designed by AI and subsequently trialed it in humans (James Gallagher/BBC) [7h]
OpenAI confirms it will follow President Trump's EO that asks AI companies to allow the US government to assess their models' capabilities before release (Michael Considine/CNBC) [7h]
Apple-funded study: the App Store had $1.4T in billings and sales globally in 2025; apps with consumer-facing AI saw 4x more billings growth than other apps (Ryan Christoffel/9to5Mac) [8h]
Starlink says that it has 12M+ "active customers" across 160+ countries, territories, and other markets, up from 9M in December 2025 (@starlink) [10h]
Sources: data center developer Switch is in talks to raise billions of dollars from PE firms including Brookfield and KKR at a $50B+ valuation (The Information) [12h]
Elon Musk petitioned the FTC in May to end its 2022 order restricting Twitter's data use, claiming Twitter no longer exists as X merged with xAI and then SpaceX (Ashley Belanger/Ars Technica) [13h]
Analysis: Meta discreetly added code for an unreleased "NameTag" face-recognition system for its AI glasses over multiple updates to the Meta AI app this year (Wired) [14h]
S&P Dow Jones rejected proposals to expedite S&P 500 eligibility for mega-cap IPOs such as SpaceX, which remains ineligible until one year after going public (Isabelle Lee/Bloomberg) [14h]
An interview with Naomi Gleit, Meta's head of product who joined the company 20 years ago, on Zuckerberg's "unfair" reputation, AI agents' capabilities, more (Zoe Kleinman/BBC) [15h]
Denver-based Scotch, which makes AI-powered payments tools for liquor retailers, raised a $20M Series A from VMG Partners, following a $10M seed in 2024 (Mary Ann Azevedo/Crunchbase News) [15h]
Cloudflare CEO Matthew Prince says agentic traffic is "growing so fast that bots have now passed human traffic online for the first time" (Mark Tyson/Tom's Hardware) [16h]
Anthropic calls for top AI labs to weigh slowing or temporarily pausing development, suggesting that self-improving AI systems may soon pose societal risks (Wall Street Journal) [16h]
Sources: US officials have held talks with AI companies about the government acquiring shares; Sam Altman first pitched the concept directly to Trump in 2025 (NOTUS) [17h]
OpenAI updates ChatGPT memory with a "more capable and compute-efficient" architecture and a summary page that lets users review and steer what it remembers (OpenAI) [18h]
Quantinuum closed up 0.63% in its Nasdaq debut on Thursday, with a market value of $15.7B, after raising $1.68B in an upsized IPO (CNBC) [18h]
Internal docs from lawsuits by 1,400 school districts show how social media companies targeted kids: Meta paid "teen ambassadors", Snap sent school-hour alerts (Jennifer Valentino-DeVries/New York Times) [19h]
Poke, which lets users access AI agents via text message, becomes the first AI agent approved for Apple's Messages for Business platform (Sarah Perez/TechCrunch) [20h]
Unsealed 2020 lawsuit: ex-IBM VP of threat intelligence alleges that IBM and AT&T concealed foreign cyber breaches to maintain eligibility for federal contracts (Bloomberg) [20h]
Sources: Anthropic has embedded around half a dozen forward-deployed engineers within the NSA to help the agency deploy Mythos for offensive cyber operations (Financial Times) [20h]
Sources: Brian Chesky is starting a new AI lab and considering a focus on user interaction and design; he will remain Airbnb CEO and will not be the lab's CEO (Bloomberg) [21h]
In a letter to Utah Senate President, Kevin O'Leary says he will cut a 40,000-acre AI data center project in Utah by roughly half, after backlash from lawmakers (John Ainger/Bloomberg) [21h]
Supabase, which provides backend tools for building AI apps, raised a $500M Series F led by GIC at a $10B pre-money valuation, up from $5B in October 2025 (CJ Haddad/CNBC) [21h]
Google now lets big creators and publishers in the US claim and customize dedicated Search profiles to aggregate their cross-platform content (Jay Peters/The Verge) [22h]
Founders Fund launches a TV-style game show featuring A-list founders and investors, including Sam Altman and Palmer Luckey, playing a game of Mafia (Tom Dotan/Newcomer) [22h]
Arizona Public Service, the state's largest utility, proposes a 45% electricity-rate increase for data centers to ensure "that they are paying their fair share" (Jennifer Hiller/Wall Street Journal) [23h]
Two House lawmakers unveil bipartisan AI legislation that would override some state AI laws and require top AI developers to implement risk-management plans (Politico) [23h]
Meta's Oversight Board says Meta's account deactivations lack due process, violations are flagged without clarity, and there's little support for appeals (Sarah Perez/TechCrunch) [23h]

Cloudflare Blog

Your AI bill is out of control. Cloudflare can fix it now. [3h]

Bleeping Computer

TechRadar

The Shortcut

Learning about BenQ’s passion for lighting at Computex 2026 was an illuminating experience [12h]