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<!--[if !gte mso 9]><!----><span class="mcnPreview Text" style="display:none; font-size:0px; line-height:0px; max-height:0px; max-width:0px; opacity:0; overflow:hidden; visibility:hidden; mso-hide:all;">Google agrees to guarantee $1.4B of a $3B contract between AI computing startup Fluidstack and Cipher Mining, and gets the right to buy a 5.4% stake i</span><!--<![endif]-->
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=babcf75df5&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Reimagine your photos with a prompt</a></span>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=fd9f4fbaa7&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Google agrees to guarantee $1.4B of a $3B contract between AI computing startup Fluidstack and Cipher Mining, and gets the right to buy a 5.4% stake in Cipher</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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<span class="excerpt">Alphabet Inc.'s Google has agreed to anchor a $3 billion data center contract … </span>
<span class="cite">(Bloomberg)</span>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=b6f0c2c609&e=06cea4a9e4" style="text-decoration: none;color: black;">@cipherinc:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=8cb798a83f&e=06cea4a9e4" style="text-decoration: none;color: black;">...To support the buildout, @Google will backstop $1.4B of @fluidstackio's lease obligations and will receive warrants to acquire shares of $CIFR common stock, equating to a ~5.4% pro forma equity ownership stake. “We are thrilled to be working with Fluidstack to develop HPC data centers, and we look forward to welcoming Google as an investor in Cipher. This transformative transaction reinforces our HPC momentum as we continue to attract attention for our large and growing pipeline of sites,” said Tyler Page, Cipher's CEO.</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f9b1b2dbf5&e=06cea4a9e4" style="text-decoration: none;color: black;">@cnbc:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e33e0338f6&e=06cea4a9e4" style="text-decoration: none;color: black;">Bitcoin miner Cipher Mining swung from a 9% premarket gain to a worse than 15% decline, after announcing an $800 million debt raise and a 10-year data center agreement with Google backing. $CIFR $GOOGL #CNBCData [image]</a>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c6275a8b29&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Leaked a16z decks: $25B in net returns since its 2009 founding, including $11.2B in 2021, and 56 unicorn investments in the past 10 years, the most of any firm</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Eric Newcomer / </span><span class="pub_name">Newcomer</span>)</span>
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<span class="excerpt">The firm has held its $900 million 2012 Fund III at 9.4x net TVPI. — ∙ Paid</span>
<span class="cite">(Eric Newcomer / Newcomer)</span>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=125e3d1928&e=06cea4a9e4" style="text-decoration: none;color: black;">@gkamstra:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7c5e841fe3&e=06cea4a9e4" style="text-decoration: none;color: black;">Three thoughts on A16Z numbers: 1) Good timing at least 2) $46b raised (including ~$17b before 2020) so the huge spike arguably got them to ~1x 3) 32% of the (still early / probably <1x in most of these funds) liquidity is going to carry huh? Wow. ($12b of the $37b) [image]</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e5c8a5f27a&e=06cea4a9e4" style="text-decoration: none;color: black;">@ericnewcomer:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f804e4c28e&e=06cea4a9e4" style="text-decoration: none;color: black;">I'm not a crypto guy but I had no idea that Andreessen Horowitz had generated more revenue from staking crypto tokens than some of their portfolio companies generate in revenue [image]</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=add8d67735&e=06cea4a9e4" style="text-decoration: none;color: black;">@brandon_m_kumar:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cebc584eae&e=06cea4a9e4" style="text-decoration: none;color: black;">This is how venture works. Money is made in bubbles. Between 1980 and 2000, firms made 83% of their profit in a 3 year period and 1% per year over the prior 17 years. First Round made over 90% of their returns in a 36 month window despite being a 20 year-old firm. Hyperharvest.</a>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=18b18d1bfb&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Friend, which launched a $129 AI-powered, always-listening necklace, plasters NYC subway with ads in $1M+ campaign that includes over 1,000 platform posters</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Trishla Ostwal / </span><span class="pub_name">Adweek</span>)</span>
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<span class="excerpt">The OOH ads blanketing all five boroughs deliberately court controversy</span>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=06003e1864&e=06cea4a9e4" style="text-decoration: none;color: black;">@avischiffmann:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=90e3de5971&e=06cea4a9e4" style="text-decoration: none;color: black;">11,000+ car cards 1,000+ platform posters 130 urban panels West 4th St. domination 100% print. all 5 boroughs [image]</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=04258119da&e=06cea4a9e4" style="text-decoration: none;color: black;">@indiewhacker:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=78aaa1ff0f&e=06cea4a9e4" style="text-decoration: none;color: black;">> $1.8mm domain > $1mm completely untrackable ad campaign > God knows how much on “R&D” & production 500 users (per investor update email) 18 reviews Bro desperately needs to deploy some pre-landers ASAP [image]</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d24cb4a182&e=06cea4a9e4" style="text-decoration: none;color: black;">@jackmaccfb:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7b048e5228&e=06cea4a9e4" style="text-decoration: none;color: black;">AI “Friend” device's marketing campaign keeps getting vandalized in NYC subway system. [video]</a>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=51791dfd69&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Apple's internal chatbot deserves a public release; sources: Apple nears production of M5 MacBook Pros, MacBook Airs, and two monitors for Q4 2025 or Q1 2026</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Mark Gurman / </span><span class="pub_name">Bloomberg</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3e289631a8&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at some California tech regulation bills, including one banning AI use in firing or disciplining workers, that await Gov. Newsom's signature or his veto</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Brian Merchant / </span><span class="pub_name">Blood in the Machine</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=46719af134&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">An interview with California state Senator Scott Wiener on his new AI safety bill SB 53, the bill's scope, his focus on AI safety bills, AI PACs, and more</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Maxwell Zeff / </span><span class="pub_name">TechCrunch</span>)</span>
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=05bfb07d38&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The US ambassador to the EU Andrew Puzder says the EU must either prove that its digital rules, such as the DMA, do not punish US tech companies or change them</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=62ecde11ec&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Accenture, which laid off 11K+ employees in the past three months, warns of more cuts if workers cannot be retrained to have the skills needed for the age of AI</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Stephen Foley / </span><span class="pub_name">Financial Times</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1e8edb1baa&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">iRobot co-founder Rodney Brooks details why humanoid robots won't learn human-level dexterity from current methods, how to make them safe for humans, and more</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Rodney Brooks</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=fe9d410411&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">At an all-hands, AWS CEO Matt Garman criticized staff for slow product rollouts and demonstrated a new agentic AI product for internal testing called Quick</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Greg Bensinger / </span><span class="pub_name">Reuters</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1508df8a38&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Brody Ford / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=90c316b9dd&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">How Nvidia's large investments in AI startups and data centers act like a form of financial stimulus, potentially artificially inflating demand for its GPUs</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">The Information</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=13e270bfab&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">How JD Vance played a key role in the TikTok US deal, amid concerns about the VP acting as a corporate dealmaker in the forced spin-off of a private company</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Washington Post</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
artificial intelligence
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d9b470b5ed&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">At the UN, the US rejected calls for collaborative efforts around AI governance, even as many leaders endorsed a need for urgent international collaboration</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jared Perlo / </span><span class="pub_name">NBC News</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d25fe908fb&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Why YouTube is key to Google's success in AI, with YouTube's AI enhancements making video content more monetizable than text-based content in Search</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ben Thompson / </span><span class="pub_name">Stratechery</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3a0985ba3f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at AI-powered “nudify” tools, which make it fast and easy to make nonconsensual, deepfake porn, and the limited legal options available to their victims</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jonathan Vanian / </span><span class="pub_name">CNBC</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7952aa5b0a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">How Mode to Code, a nonprofit founded by a teenager, is teaching Bay Area seniors to use AI and avoid scams through free coding and tech literacy classes</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">CNN</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6df1a05e6d&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Since 2019, Brazil's courts have developed or implemented over 140 AI projects that have helped make the country's overburdened judicial system more efficient</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Pedro Nakamura / </span><span class="pub_name">Rest of World</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0498babf70&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Turning compute into a tradable commodity could fuel the next stage of the AI boom, just like oil futures and spectrum auctions unlocked waves of investment</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Felix Salmon / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d3d94399d8&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Q&A with reinforcement learning pioneer Richard Sutton on why LLMs are not the path to achieving human intelligence, world models, continual learning, and more</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Dwarkesh Patel / </span><span class="pub_name">Dwarkesh Podcast</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=10ca3ea41d&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A therapist details treating ChatGPT as a “patient”, describing its programmed self-critique as “a brilliant means of seducing a techno-skeptical therapist”</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Gary Greenberg / </span><span class="pub_name">New Yorker</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=054f2a1cea&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">An interview with Jeanine Wright, CEO of Inception Point AI, about her vow to continue mass-publishing episodes of AI-generated podcasts despite backlash</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ashley Carman / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
data centers
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=635412430b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Fermi, a data center real estate investment trust co-founded by former Energy Secretary Rick Perry, aims to raise $550M in a US IPO at a $13.16B valuation</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Arasu Kannagi Basil / </span><span class="pub_name">Reuters</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cfc7a6604a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">South Korea confirms that a fire at National Information Resources Service's data center, housing 647 government IT systems, directly damaged 96 of them</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Lee Jung-joo / </span><span class="pub_name">The Korea Herald</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f3dd7c1d1f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">OpenAI executives working on Stargate say that it costs about $50B to build a data center with roughly 1 GW of capacity, with $35B going toward AI chips</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Shirin Ghaffary / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
payment services
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=092c706777&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">China's central bank opens a digital yuan hub in Shanghai; a Chinese state media report says the hub will oversee cross-border payments and blockchain tech</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Foster Wong / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5c9f7c4238&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A profile of Ant International, Ant Group's cross-border payments unit using AI and blockchain for treasury management, which handled $1.1T in cash flow in 2024</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Lulu Yilun Chen / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=85edee87ec&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A profile of digital microlender Tala, which has an annualized revenue of $340M but remains unprofitable 11 years in, as it plans to double its lending in 2027</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jeff Kauflin / </span><span class="pub_name">Forbes</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
social networks
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=57fdc8825f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Leaked Meta internal document shows updated training protocols for its AI chatbot to refuse any prompts involving sexual roleplay with minors</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jyoti Mann / </span><span class="pub_name">Business Insider</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=061792ad2c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A book excerpt details how a small team of content curators hired by ByteDance in Mexico City in 2018 shaped TikTok's For You algorithm in Latin America</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Emily Baker-White / </span><span class="pub_name">Forbes</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
M&A
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3dab7c7bc7&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">eBay agrees to acquire Tise, a social marketplace for secondhand fashion and interior design items that has raised $45M in funding, for an undisclosed sum</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Aisha Malik / </span><span class="pub_name">TechCrunch</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e71aaa9aec&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: data integration company Fivetran is in talks to acquire data management company dbt Labs in a deal valuing the combined entity at between $5B and $10B</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">The Information</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
funding deals
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=50c447d10d&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Swiss microfluidic chip-cooling tech startup Corintis raised a $24M Series A, a source says at a $400M valuation, and announces adding Lip-Bu Tan to its board</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Reuters</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=fc9562d308&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Salt Lake City-based Filevine, which offers tools to help manage legal workflows, raised $400M from Insight Partners, Accel, Halo Fund, and others in two rounds</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Maria Deutscher / </span><span class="pub_name">SiliconANGLE</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d26f1aa932&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Manas AI, the AI drug discovery startup founded by Reid Hoffman and researcher Siddhartha Mukherjee, raised a $26M seed extension after a $24.6M seed in January</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">FinSMEs</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6c52b9b799&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: AI image generation startup Black Forest Labs is exploring raising $200M-$300M at a $4B valuation, after a prior undisclosed round at a $1B valuation</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=390096e198&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Education software company EdSights, which uses SMS texting and AI to reach students and identify those at risk of dropping out, raised $80M from JMI Equity</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Chris Metinko / </span><span class="pub_name">Axios</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3665a95903&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Apple is ramping up efforts to source manufacturing machinery in India, essential for making iPhones locally, and is working with around 17 suppliers</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Danish Khan / </span><span class="pub_name">Moneycontrol</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=30bd58e464&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">International Federation of Robotics: Chinese factories installed ~300K new robots in 2024, more than the rest of the world combined; US factories installed 34K</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">New York Times</span>)</span>
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<span class="excerpt" style="color: black;font-size: 16px;"> — The new AI stack creates a highly dynamic attack surface, and traditional controls aren't keeping up. F5's recent acquisition will bring advanced AI guardrails to enterprise apps.</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1024804432&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Q&A with Oura CEO Tom Hale on why many CEOs love its rings, competition from Apple, and more; Oura sold 2.5M rings in 2024 and expects $1B revenue in 2025</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jordyn Holman / </span><span class="pub_name">New York Times</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=412a777aee&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A profile of Justin Sun, who was facing an SEC fraud lawsuit before investing $90M in Trump family cryptocurrencies and becoming a business associate of Trump</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=fe7c140720&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Cloudflare combines a new Email Sending feature with Routing into a unified Email Service to let developers send emails from Cloudflare Workers, in private beta</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Cloudflare</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2c9a399236&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">An investigation reveals how the Russian military spy ship Yantar is being used to map and potentially intercept undersea telecommunication cables across Europe</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1971643626&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at the setbacks facing the US DOD's Replicator program that seeks to quickly produce low-cost drones and other autonomous weapons to counter China</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Wall Street Journal</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6713db0f2b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at the implosion of CaaStle, a clothing inventory monetization startup whose ex-CEO Christine Hunsicker is accused of swindling investors out of $300M</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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