TNW

Nebius paid $643 million for 20 people because inference is where the money is
Seven AI companies signed the Pentagon’s terms. The one that refused is worth $900 billion.
The venture fund that spent $4.6 billion in a year just raised $6 billion more
Australia’s $22 billion answer to the question the Hormuz crisis asked
The tech industry built the infrastructure that is replacing the press
The clause that lets Netflix raise your price might not be legal in Europe
SpaceX has spent more than $15 billion on Starship and is racing to make rocketry resemble an airline schedule
China built the AI content factory that Silicon Valley imagined but never shipped
Uber acquires rival Fly Taxi in Hong Kong, Sing Tao reports
McKinsey’s new AI report argues the productivity payoff is real but conditional
The world’s oldest cord blood bank is building the stem cell platform the field has been missing
Reddit Q1 revenue jumps 69% to $663m, and shares rally 9%
The US government and the AI industry are both betting on debt. They are drawing from the same pool.
Zuckerberg tells Meta employees the layoffs are about capex, not AI productivity
OpenAI-backed 1X opens California factory targeting 10,000 home humanoid robots in year one
Meta cancelled the contract with the people who saw what its glasses see
Twilio raises full-year revenue forecast as voice AI drives fastest growth in three years and shares jump 18%
Anthropic’s Mythos is moving between governments faster than regulators can agree on what to do with it

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