A group of Chinese tech companies, including Alibaba and CXMT, launches a ~$577M PE fund to boost China's "hard tech" sectors amid tightening US export curbs (Ann Cao/South China Morning Post)

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Sources: Taiwan considers restricting AI chip sales to all Chinese customers, rather than only blacklisted entities like Huawei, to align with US measures (Bloomberg)

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Sources: Microsoft laid off 200 to 400 Azure unit employees in Beijing and Shanghai, at least its third round of downsizing in China in two years (South China Morning Post)

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The UK is conducting a full review of its NHS contract with Palantir, amid growing pressure to terminate the deal in 2027 over reliance on US tech companies (Sam Tabahriti/Reuters)

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Beacon Software, which acquires niche software businesses and transforms them with AI, raised a $225M Series C, bringing its total funding to $550M (Sarah Klearman/Wall Street Journal)

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France-based Alta Ares, which is building AI-powered air defense systems to counter drones and missiles, raised a €50M Series A led by Air Street Capital (Daphné Leprince-Ringuet/Sifted)

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In a UK online safety consultation, the US urges the UK against an under-16 social media ban, saying it would place a "disproportionate" burden on US Big Tech (Dan Milmo/The Guardian)

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Sources: China is drafting plans to spend $295B over the next five years on building AI data centers, sourcing 80%+ of tech from local suppliers like Huawei (Charlie Zhu/Bloomberg)

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IT management platform NinjaOne raised $400M in a secondary share sale at a $12.3B valuation, up from $5B in February 2025, and says its ARR has hit $600M (Rebecca Torrence/Bloomberg)

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Finland-based Iceye, whose small satellites help countries with real-time location monitoring, raised a €1B Series F led by General Atlantic at a €10B valuation (Ingrid Lunden/Resilience Media)

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Report: US colleges now offer 74+ AI majors and 89+ minors, and at least a dozen schools are set to add AI majors this year; only five had AI majors in 2021 (Alan Blinder/New York Times)

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In an interview, Perplexity CEO Aravind Srinivas says that the company is planning its IPO for 2028, regardless of how well the IPOs for Anthropic and OpenAI go (Arjun Kharpal/CNBC)

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The US FCC waives its deadline for Amazon to deploy half of its Leo satellites by July; Amazon is still required to launch all 3,232 satellites by July 30, 2029 (Michael Kan/PCMag)

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Apple overhauls the App Store with subscription options for groups, businesses, and schools, retention messaging to reduce churn, bundled IAP reviews, and more (Andrew Orr/AppleInsider)

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The first developer beta of iOS 27 offers the clearest signs yet of Apple's upcoming foldable iPhone, with references to folding hardware and flexible displays (Mark Gurman/Bloomberg)

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Xiaomi claims MiMo-V2.5-Pro-UltraSpeed tops 1K tokens/second, a first at the 1T-parameter scale, using a standard 8-GPU commodity node; API trial starts June 9 (Jose Antonio Lanz/Decrypt)

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Sam Altman and Jakub Pachocki claim OpenAI is "entering the third phase", aiming to automate AI research, boost the economy, and give everyone a personal AGI (OpenAI)

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Microsoft disabled 70+ of its repos on GitHub, including Azure-related tools like azure-functions-host, after hackers added credential-stealing malware to them (Zack Whittaker/TechCrunch)

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Google and Nvidia are helping Apple with Apple Foundation Model Cloud Pro, which Apple says is comparable to Gemini frontier models and runs on Nvidia GPUs (Kif Leswing/CNBC)

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Infinity Constellation, which builds AI tools and software businesses for the professional services market, raised a $24M Series A; it previously raised $17M (Lucinda Shen/Axios)

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Apple unveils an Apple Intelligence feature that can automatically change compromised passwords, using agentic AI, and save them to the Passwords app (James Pero/Gizmodo)