The Brutalist Report - tech
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- World models startup Odyssey raised $310M from Amazon and others at a $1.45B valuation and will use AWS as its preferred cloud partner, deploying Trainium chips (Financial Times) [52m]
- A profile of Anthropic researcher Nicholas Carlini, who warned about Mythos in March and is now part of an Anthropic team briefing the White House on safeguards (Wall Street Journal) [3h]
- Sources: Samsung is seeing a rise in advanced chip production requests from BYD, Google, AMD, and others as TSMC's capacity remains constrained by AI demand (Nikkei Asia) [3h]
- India's Telegram ban until June 22 over exam paper leak concerns is a terrible look for the country, sets a precedent, and could happen again if unchallenged (Nikhil Pahwa/@nixxin) [3h]
- Sources: a new AI lab founded by Junyang Lin, former lead of Alibaba's Qwen models, has raised several hundred million dollars at a ~$2B post-money valuation (The Information) [3h]
- Dealogic: investors have poured $58B across 42 data center deals YTD; Oxford Economics says ~850 data centers worth some $7T are under construction globally (Financial Times) [4h]
- Sources: Chinese social media app Xiaohongshu targets a Hong Kong IPO as early as year-end at a $70B+ valuation, up from $50B in recent private secondary trades (Wall Street Journal) [4h]
- Kazakhstan signs accords with Firebird on Nvidia-related computing projects that could bring up to $10B in investment, as it seeks to build a Data Center Valley (Bloomberg) [4h]
- Sources: Jeff Bezos is investing in Cambridge, UK-Based CuspAI, which applies generative AI to material sciences, as part of a $400M round at a $2.6B valuation (Tim Bradshaw/Financial Times) [4h]
- WordPress survey: 60% of US consumers say "AI" in a brand's messaging is a turnoff, 86% always or sometimes check the original source after seeing an AI summary (Sarah Perez/TechCrunch) [5h]
- A look at Wyoming's Frontier Stable Token, which launched in January and currently has a market value of ~$1M, as other states explore "white labeling" the tech (David Voreacos/Bloomberg) [5h]
- Databricks says annualized revenue rose 80%+ YoY to $6.9B, up from $5.4B in Q4; CEO Ali Ghodsi says higher AI agent usage is increasing costs, lowering margins (Jordan Novet/CNBC) [5h]
- Sources: Meta decided to support KOSA after it was packaged with language preempting state AI laws and a bill requiring app stores to verify users' ages (Politico) [6h]
- Kapwing: in tests, ~60% of the first 500 TikTok For You videos shown to a new account were AI slop, ~3x the slop shown to a new YouTube user via YouTube Shorts (Matt G. Southern/Search Engine Journal) [7h]
- Sources: the US has held off adding DeepSeek, CXMT, and 100+ other flagged companies to its Entity List, last updated in October, the longest gap in 10+ years (Karen Freifeld/Reuters) [8h]
- BitGo offers Europe’s crypto firms a MiCA-compliance lifeline as license deadline looms [3h]
- Forget the price charts. Here's how bitcoin and S&P 500 look like when adjusted for the money printer [3h]
- Crypto PAC's $12 million Senate candidate, Barry Moore, wins Alabama GOP primary [4h]
- Live markets: A bitcoin bottom signal flashed as holders absorbed 125,000 BTC in June [4h]
- XRP gives back breakout gains, slipping below $1.23 on heavy selling [5h]
- Uniswap jumps 22% and altcoins rip while bitcoin stalls before the Fed [5h]
- Here is why Strategy's dividend-paying crypto stock is crashing to near-historic lows [11h]
- Bitcoin miners' AI pivot faces $50 billion reality check, says VanEck [12h]
- U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process [13h]
- Hyperliquid, Uniswap and Worldcoin buck crypto slump as traders chase AI, DeFi trends [13h]
- Coinbase intoduces AI advisor, stock options, and pre-IPO markets in finance push [14h]
- Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa [18h]
- Coinbase to join tokenized stock race with onchain shares, dividend payments [18h]
- Binance says its European regulatory application is compliant despite report of Greek rejection [18h]
- Ethereum’s biggest protocol overhaul in years moves into its final development stage [18h]
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