Sources: Chinese companies like Moonshot are reconsidering "red-chip" structures, which made it easier to list overseas, after China blocked the Manus deal (Financial Times)

Techmeme

Hands-on with Siri AI: successfully executed multi-step prompts, understood context well, has strong guardrails, and is a bit more dispassionate than Gemini (Allison Johnson/The Verge)

Techmeme

CrowdStrike: Chinese entities accounted for 58%+ of state-sponsored cyberattacks aimed at tech companies, especially AI assets, over the 12 months to March 31 (Evelyn Cheng/CNBC)

Techmeme

Morgan Stanley forecasts global AI debt issuance will more than double to ~$570B in 2026, as hyperscalers seek alternative funding for AI capex needs (Kanishka Ajmera/Reuters)

Techmeme

A look at Unitree's growth strategy, which mimics those used by BYD and DJI, and leverages its quadruped robot dominance to create and lead the humanoid market (SemiAnalysis)

Techmeme

Las Vegas-based TensorWave, which offers AMD-powered cloud infrastructure, raised a $350M Series B led by AMD and Magnetar at a $1.55B post-money valuation (Robbie Whelan/Wall Street Journal)

Techmeme

Sources: SpaceX has drawn more than $250B of investor demand for what is poised to be the largest-ever IPO, far beyond the $75B SpaceX is aiming to raise (Reuters)

Techmeme

Sources: SK Hynix plans to list its shares in the US as soon as August, seeking to capitalize on AI stock demand and broaden its investor base (Reuters)

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Sources: Ant International is considering raising ~$1B at a $10B+ valuation, paving the way for a potential Hong Kong IPO as soon as this year (Bloomberg)

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Tata's chairman predicts AI agents will cut half the jobs at Tata Consultancy Services, and says TCS plans to reduce hiring in coming years as it ramps up AI (Sankalp Phartiyal/Bloomberg)

Techmeme

Swedish autonomous truck company Einride will debut on the Nasdaq today after completing a SPAC merger at a pre-money valuation of $1.35B (Dominic Chopping/Wall Street Journal)

Techmeme

Xbox chief strategy officer Matthew Ball said Game Pass lost "millions" of subscribers in the months following a 50% price hike announced in October 2025 (Eddie Makuch/GameSpot)

Techmeme

Sixteen economists on what AI will mean for the US economy, workers, and workplaces: AI will boost productivity in the near term, but only two expect more jobs (Wall Street Journal)

Techmeme

An expert panel with Daron Acemoglu, Dean Ball, Ethan Mollick, and Clara Shih discusses AI's impact on jobs and how to prepare for the future of work (New York Times)

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Walmart outlined a future where AI will change how people work, not necessarily how many work, at its annual Associates Week, as it accelerates AI adoption (Gregory Meyer/Financial Times)

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Microsoft's June 2026 Patch Tuesday fixes a record ~200 Windows security flaws, nearly three dozen of them critical, amid growing use of AI to find bugs (Brian Krebs/Krebs on Security)

Techmeme

The crackdown on online scam centers in Cambodia is leading some gangs to relocate to Sri Lanka, where authorities say they have arrested 1,000+ people in 2026 (Bloomberg)

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Chinese investors are using tokenized stocks bought with stablecoins like USDT to bypass Beijing's capital controls and mimic bets on hot US IPOs like SpaceX (Financial Times)

Techmeme

ASML's stock is up 64% YTD, but trails the broader US chip sector as the industry focuses spending on processes outside of lithography like advanced packaging (Bloomberg)

Techmeme

Sources: the ECB temporarily barred Revolut from releasing new products in the European Economic Area last summer until the company had rectified "deficiencies" (Financial Times)

Techmeme

Sources: OpenAI is in advanced talks to lease a proposed 10GW data center campus in Ohio as part of a deal that could include financial backing from Nvidia (Anissa Gardizy/The Information)

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Nintendo's shares fell as much as 8.2% Wednesday morning in Tokyo after its 2026 Game Showcase came up short on new titles from major franchises such as Mario (Takashi Mochizuki/Bloomberg)

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Meta partners with Reliance to lease its first AI data center in India, with 168 MW capacity; separately, Meta says it has contracted ~1GW of renewable energy (Meta Newsroom)

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Sources: Trump administration officials have told CAISI to halt publication of its model assessments while an EO President Trump signed last week is implemented (Amrith Ramkumar/Wall Street Journal)

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The EU warns that AI-boosted chemical synthesis is helping European drug gangs develop new "designer" drug precursors that evade existing product blacklists (Michael Peel/Financial Times)

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Edge Markets, which provides banking tools for gambling and prediction markets, including real-time payments on Kalshi, raised a $29.2M Series A led by CoinFund (Davis Giangiulio/CNBC)

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Sources: SoftBank's talks with creditors to raise $6B through a margin loan backed by its OpenAI stake have stalled, weeks after it cut its target from $10B (Bloomberg)

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Stepful, an AI-powered online training platform for healthcare workers, raised a $55M Series C led by Oak HC/FT, bringing its total funding to $105M (Heather Landi/Fierce Healthcare)

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Seattle City Council votes 9-0 to enact a one-year moratorium on new large data centers and study their impact; Mayor Katie Wilson is expected to sign the bill (Greg Kim/The Seattle Times)

Techmeme

CoreWeave founders have sold $2.3B in stock since the company's lockup period expired in August after a March 2025 IPO, reducing their combined holdings by ~25% (Ella Feldman/Bloomberg)

Techmeme

ServiceNow says attackers exploited a flaw, patched on June 5, that let unauthenticated users query data from customer instances, but gives few other details (Lawrence Abrams/BleepingComputer)

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Sources: SpaceX aims to launch orbital AI computing tests by late 2027 and has requested permission from regulators to launch up to 1M data-center satellites (Akash Sriram/Reuters)

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Super Micro Computer aims to raise $7B in a series of equity and equity-linked financing transactions to fund its component purchases to satisfy AI orders (Harshita Mary Varghese/Reuters)

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Analysis: Trump and his sons profited $2.3B+ from four crypto ventures including $TRUMP since January 2025, while other investors in those projects lost ~$2.3B (Reuters)

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Docs: ~34K Instagram accounts, including Obama's White House account, were affected in the attack tied to Meta's AI chatbot; 3,500+ usernames were changed (New York Times)

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Anthropic says Fable 5 has invisible safeguards that use prompt modification, steering vectors, or PEFT to limit its effectiveness for frontier LLM development (Matthias Bastian/The Decoder)

Techmeme

Hands-on with Claude Fable 5: impressive results with complex projects, including a data analysis tool built in just 9.5 hours and an interactive isochrone map (Ethan Mollick/One Useful Thing)

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Kalshi plans to require users seeking to make bets in some markets linked to material nonpublic information to submit an online form disclosing where they work (Wall Street Journal)

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Apple says 79% of all iPhones and 86% of iPhones released in the last four years were running iOS 26 as of June 7, vs. 82% and 88% for iOS 18 before WWDC 2025 (Joe Rossignol/MacRumors)

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Sources: Canadian payments company Nuvei is in advanced talks to acquire cross-border payments company Payoneer Global for about $2.7B (Milana Vinn/Reuters)

Techmeme

A US judge cancels a Mississippi trial and disqualifies and fines lawyers on both sides after finding their filings were filled with hallucinated case citations (Jason Koebler/404 Media)