Gao Yuan / Bloomberg:
Interviews with employees and insiders reveal how CXMT is amassing tech, funding, and state support to challenge top memory chipmakers and build local suppliers  —  Founded by a US-trained entrepreneur, CXMT is racing to catch its rivals and using a largely domestic supplier network to shield itself from Washington.

Two years ago, Jessica Kaplan had about three months to move her entire theatrical scenery shop. The building where Sightline Fabrication had operated since 2008 had been sold, she said, and the landlord needed Kaplan and her partner out. In a frenzy to find a new place, Kaplan toured 30 alternative spaces, but none were […]

The post NYC Manufacturers Fear Losing Lifeline as Budget Cut Imperils Industrial Business Support appeared first on The City Reporter.

The nearly-Olympic-sized Red Hook Pool in Brooklyn can hold more than 4,400 people, but only one would-be bather turned out for a meeting Thursday night where Parks officials explained why the neighborhood’s summer lifeline has failed to open on time.  “This is not something you can foresee — this building is 90 years old, and […]

The post Red Hook Pool Fails to Surface, Again appeared first on The City Reporter.

SemiAnalysis:
A look at Meta Superintelligence Labs' growth in the past year, including a top-tier RL environment and compute ramp that could catch up to Anthropic and OpenAI  —  A top tier RL environment startup spawns out of thin air, the most aggressive compute ramp we've ever seen, 2000km+ scale-across, and some advice for Google DeepMind

Zijing Wu / Financial Times:
Sources: Manus' investors and management are discussing unwinding Meta's $2B buyout at the same valuation, with Tencent in talks to become the largest investor  —  Chinese tech giant set to become largest shareholder in AI agent start-up after Beijing ordered reversal of US takeover