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Founders Fund-backed Ondo Finance and Pantera Capital launch a $250M fund to invest in real-world asset tokenization projects via equity stakes and tokens (Lucinda Shen/Axios)
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Sources: in 2024, Apple explored a cloud service renting its own chips to developers; it spends ~$7B per year on renting Nvidia chips from AWS and Google (Aaron Tilley/The Information)
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Ilya Sutskever becomes CEO of SSI, with co-founder Daniel Levy as president; the technical team will continue reporting to Sutskever (Ashley Capoot/CNBC)
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CoreWeave receives Nvidia's Blackwell Ultra servers built by Dell, becoming the first cloud provider to install systems based on Nvidia's latest AI chips (Kif Leswing/CNBC)
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Austin-based Ambiq Micro, which makes ultra-low power chips, files for an IPO and reports an $8.3M net loss on $15.7M in revenue in the three months to March 31 (Anthony Hughes/Bloomberg)
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An interview with X VP of Product Keith Coleman about plans to let developers program AI agents to propose Community Notes, the old system, and more (Will Oremus/Washington Post)
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The Open Platform, a key TON developer that is behind Telegram's crypto Wallet, raised a $28.5M Series A at a $1B valuation, bringing its total funding to $70M+ (Ben Weiss/Fortune)
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Thoma Bravo strikes a $2B deal to acquire restaurant software maker Olo, paying $10.25 per share, representing a 65% premium over Olo's share price on April 30 (Ryan Gould/Bloomberg)
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Xbox says Arrowhead Game Studios' Helldivers 2 will debut on the Xbox Series X and S on August 26 for $40, the first PlayStation-published title to come to Xbox (Cameron Faulkner/The Verge)
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Sources detail EA's issues developing the next Battlefield, which now has a $400M+ budget; few staff believed EA leadership's 100M player target was achievable (Samuel Axon/Ars Technica)
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Samsung's One UI 8 animation files show its future tri-fold phone, with three rear panels and two inward-folding hinges, rumored to be called the Galaxy G Fold (Aamir Siddiqui/Android Authority)
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Sources: Microsoft cut hundreds of Xbox jobs across studios, including King, ZeniMax, and Halo Studios, and cancels games like the new Perfect Dark and Everwild (Jason Schreier/Bloomberg)
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Sources: JD.com and Ant are lobbying the People's Bank of China to authorize yuan-based, Hong Kong-issued stablecoins to promote the yuan and counter USD coins (Reuters)
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Mixpanel co-founder Suhail Doshi calls out Soham Parekh, who he says "works at 3-4 startups at the same time" and has "been preying on YC companies and more" (Bhavya Sukheja/NDTV)
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ASML, Mistral AI, and 40+ European companies urge the EU to delay the implementation of its AI Act for two years, saying it puts the bloc's AI ambitions at risk (Gian Volpicelli/Bloomberg)
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Ford CEO Jim Farley, Andy Jassy, and other CEOs are now predicting AI will significantly replace white collar workers, a shift from dodging job loss questions (Wall Street Journal)
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Researchers detail Centaur, a modified version of Llama trained on 10M+ human responses from 160 psychological experiments to better understand human cognition (Carl Zimmer/New York Times)
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Leaked documents: Meta is training custom AI chatbots to message users unprompted, following up on past chats to boost engagement on its AI Studio platform (Business Insider)
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An analysis of 15M+ biomedical abstracts from 2010 to 2024 finds researchers using AI to write abstracts use certain words far more often than those who didn't (Gina Kolata/New York Times)
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Bitcoin's implied volatility has fallen to its lowest level in about two years, per Deribit, and BTC has traded between $93K and $111K over the past two months (Kirk Ogunrinde/Bloomberg)
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