Reading List

The most recent articles from a list of feeds I subscribe to.

Sources: data center operator Switch has hired investment banks for a US IPO that could raise up to $10B and value it at $80B, set for as soon as Q4 (Reuters)

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Hachette, Elsevier, Cengage Learning, and author Scott Turow sue Google for allegedly using millions of copyrighted books and articles to build AI models (A.J. Katz/The Wrap)

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A Trump administration official says a "trivial" number of Nvidia's H200 chips were shipped to China after winning a US license, without offering specifics (Bloomberg)

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Chinese startup DFSX launches an AI chip that it claims uses a fully domestic supply chain and is built on a 14nm process, but says it can rival 4nm chips (Wall Street Journal)

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Velocity, a stablecoin treasury and settlement platform, raised a $38M Series A led by Dragonfly and FirstMark, bringing its total funding to around $50M (Daniel Kuhn/The Block)

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OpenAI strikes a partnership with Kalshi to show FIFA World Cup prediction market data in ChatGPT search results, its first deal with a prediction market (Mike Isaac/New York Times)

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Spotify launches Talk to Spotify, letting users create playlists and more via voice, rolling out in beta to Premium users age 18+ in the US, Ireland, and Sweden (Steve Dent/Engadget)

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Researcher: SpaceXAI's Grok Build CLI uploaded user repos to a Google Cloud Storage bucket; uploads have now stopped and Musk says prior uploads will be deleted (Connor Jones/The Register)

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Filing: Chinese chipmaker CXMT is seeking to raise ~$9.8B in an IPO on Shanghai's chip-heavy STAR Board, pricing 6.69B shares at ~$1.28 each (David Morris/Bloomberg)

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AI startup Reflection says it has signed a $1B+ deal to secure computing capacity from Nebius, including access to Nvidia chips, following a deal with SpaceX (Aditya Soni/Reuters)

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Kalshi launches a forward curve tool for AI compute, using event contracts to track the future rental costs of GPUs, storage, and memory (Katherine Doherty/Bloomberg)

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Seattle-based Brinc Drones, which makes 911 response drones, raised $125M led by Motorola Solutions, bringing its total funding to more than $280M (Todd Bishop/GeekWire)

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Flex, which offers AI-based payment tools, credit, and more to mid-sized companies, raised a $70M Series B1 led by Halo Fund, a source says at a $1.2B valuation (Aditya Soni/Reuters)

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Analysis: xAI has installed far more gas turbines without US permits at Colossus 2 than it has publicly acknowledged, impacting Black neighborhoods the hardest (Reuters)

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Discount airline Frontier partners with SpaceX to offer Wi-Fi for the first time from early 2027, as it targets customers willing to pay more for premium travel (Alison Sider/Wall Street Journal)

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Custom AI chip design startup TYLsemi raised $43M in early-stage funding led by Matter Venture Partners to build modular chips thanks to packaging tech advances (Mike Wheatley/SiliconANGLE)

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Sources and telecom data: a coordinated campaign of SS7 pings was used to track the locations of US personnel during the US-led strikes on Iran in late February (Financial Times)

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AI drug design startup Chai Discovery raised $400M led by Index at a $3.8B valuation, as it pitches its models as AI infrastructure for pharmaceutical companies (Michael J. de la Merced/New York Times)

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The European Commission approves €659M in German state aid to support four first-of-a-kind chip facilities in Germany, saying they will strengthen EU autonomy (Kirsti Knolle/Reuters)

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IBM reports preliminary Q2 revenue up 1% YoY to $17.2B, below $17.9B est., as CEO Arvind Krishna says customers are shifting spending to chips; IBM falls 20%+ (Amy Thomson/Bloomberg)

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