The Brutalist Report - tech
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- Social gaming startup Rec Room is shutting down its service on June 1, saying it could not find a path to profitability; it was valued at $3.5B in December 2021 (Todd Bishop/GeekWire) [1d]
- Inside David Sacks' new role shaping Trump's AI agenda; officials say Sriram Krishnan is taking on a position at the National Economic Council to focus on AI (Axios) [1d]
- Micron shares closed down 10% on Monday and are now down 30% since Micron's blowout earnings report on March 18; Sandisk fell 7% and Western Digital dropped 9% (Lola Murti/CNBC) [2d]
- OpenAI introduces a Codex plugin for Claude Code, letting users invoke Codex from inside Claude Code to review code or delegate tasks (Vaibhav (VB) Srivastav/@reach_vb) [2d]
- Leaked January presentation: Coatue estimated that Anthropic would lose $14B in EBITDA on $18B in revenue in 2026 and reach a $1.995T valuation in 2030 (Eric Newcomer/Newcomer) [2d]
- Alibaba releases its Qwen3.5-Omni omnimodal LLM with support for 10+ hours of audio input, saying the Plus variant surpasses Gemini 3.1 Pro on audio benchmarks (Qwen) [2d]
- Levels.fyi: median base-salary offers for US software engineers at VC-backed startups have risen 25% to $200K since 2022; total compensation has risen just 18% (Katherine Bindley/Wall Street Journal) [2d]
- Apple Intelligence is rolling out in China, according to user reports, after launching in the US in October 2024 (Ryan Christoffel/9to5Mac) [2d]
- Sources: US prosecutors are exploring whether some prediction market bets, including on the capture of Nicolás Maduro, violated insider trading and other laws (Kara Scannell/CNN) [2d]
- Meta is testing an Instagram Plus subscription in a few countries, offering features including anonymous Story viewing and extended 48-hour Story durations (Aisha Malik/TechCrunch) [2d]
- Quinnipiac poll: 55% of Americans say AI will do more harm than good in their day-to-day lives, and 65% oppose building data centers in their community (Emily Birnbaum/Bloomberg) [2d]
- Fermi shares drop 12%+ after the data center real estate company reported a $486M YTD net loss, amid concerns over a lack of a tenant for its Texas data center (Financial Times) [2d]
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