The Brutalist Report - tech
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- No new articles in the Past 6 Hours.
- Bitget halts withdrawals after detecting unauthorized transfers from some hot and warm wallets, affecting ~$351.6M; CEO Gracy Chen says "user funds are safe" (Matthew Brockett/Bloomberg) [2d]
- Sources: Anthropic asks shareholders to approve a Palantir-style structure granting its seven co-founders 50.1% of voting power if three retain minimum stakes (The Information) [2d]
- Documents: Jeff Bezos has invested $30B in Blue Origin since 2000, including $2B in its first outside funding round, which has raised $10B at a $140B valuation (Micah Maidenberg/Wall Street Journal) [2d]
- Anthropic commits to spending $11.6B over seven years on Akamai cloud services and secures an option to take a stake of up to 5%; AKAM jumps 17%+ after hours (Harshita Mary Varghese/Reuters) [2d]
- At a White House summit, Xi Jinping says the US and China have "the capability and responsibility to develop and manage AI for good" as "leading nations" in AI (Mallory Wilson/The Hill) [2d]
- Google updates Gemini 3.8 Live with Live Avatar, an animated AI persona that lip-syncs and shows different facial expressions, for Gemini Enterprise customers (Emma Roth/The Verge) [2d]
- Email: Microsoft is moving its communications function out of its marketing group and into the corporate, external, and legal affairs org led by Brad Smith (Todd Bishop/GeekWire) [2d]
- Sources: OpenEvidence, an AI search engine for doctors, raised $250M at a $15B valuation, up from $12B in January; it could be open to selling itself (Katie Roof/Business Insider) [2d]
- The Fed unveils stablecoin proposals, including requiring some issuers to fully back tokens with permissible reserve assets, such as short-term Treasury bills (Megan Howard/Bloomberg) [2d]
- Meta unveils mobile app Horizon Create and web app Horizon Studio for building games with AI prompts; the games will run on Facebook, Instagram, and Horizon (Jay Peters/The Verge) [2d]
- The US files an application with the EU's General Court in support of X's effort to annul a 2025 €120M DSA fine, arguing the EU engaged in regulatory overreach (Bloomberg) [2d]
- Sources: Jev developer TypeSafe is in talks to raise $1B+ at a $10B+ valuation; last week the startup announced a $40M seed, PitchBook says at a $200M valuation (The Information) [2d]
- Sources: A24, Sony Pictures, and NYT have registered interest in acquiring Letterboxd, which has a user base of 30M and is expected to be valued at $300M+ (New York Times) [2d]
- In a default judgment, a US federal judge awards Nintendo of America $4.5M in damages in its lawsuit against a Reddit moderator who sold pirated Switch games (Nicole Carpenter/Aftermath) [2d]
- No new articles in the Past 6 Hours.
- No new articles in the Past 6 Hours.
- No new articles in the Past 6 Hours.
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