The Brutalist Report - tech
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- Anthropic, OpenAI, and other AI startups have announced major London expansions over the past year, as the city emerges as a key AI talent hub outside the US (Kai Nicol-Schwarz/CNBC) [5d]
- Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue federal officials who try to coerce broadcasters or platforms to censor speech (Jon Brodkin/Ars Technica) [5d]
- Agentic workplace startup Genspark raised a $100M Series B extension at a $2.6B post-money valuation, up 63% in just three months; it has raised $645M+ to date (Chris Metinko/Axios) [5d]
- Adobe reports Q2 revenue up 13% YoY to $6.62B, vs. $6.46B est., and raises its annual forecasts; CFO Dan Durn is leaving for Marvell; ADBE drops 5%+ after hours (Zaheer Kachwala/Reuters) [5d]
- Sources: Founders Fund's ~3% stake in SpaceX is now worth $50B+, after investing $600M; a16z will get the biggest return in its history, with a $10B+ stake (Bloomberg) [5d]
- SpaceX raises $75B in the biggest-ever IPO, after selling 555.6M shares at $135 each, giving it a market value of $1.77T (Bailey Lipschultz/Bloomberg) [5d]
- Polish lawmakers pass legislation imposing prison sentences of up to five years for "trash streaming" of violent crimes, gambling promotion, and more (Anna Wlodarczak-Semczuk/Reuters) [5d]
- Some investors question SpaceX's projected $1.77T valuation, citing its $4.3B loss on $4.7B in revenue in Q1, concerns over space data centers, and more (New York Times) [5d]
- Former a16z GP John O'Farrell criticizes the AI industry and his ex-partners for spending hundreds of millions to fight regulation, calling it "a huge mistake" (John O'Farrell/New York Times) [5d]
- No new articles in the Past 6 Hours.
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