• Micron reports Q2 revenue up 196% YoY to $23.9B, vs. $19.7B est., expects 2026 capex to exceed $25B, vs. $22.4B est., and forecasts Q3 revenue above estimates (Dina Bass/Bloomberg)
• Compute startup Andromeda raised new funding from Paradigm at a $1.5B valuation, bringing Paradigm's total to $60M; it passed a $100M revenue run rate in 2025 (Upstarts Media)
• During a Senate hearing, FBI Director Kash Patel says FBI does purchase "commercially available information" that can be used to track people's location history (Alfred Ng/Politico)
• Sources: Polymarket is looking to hire a chief risk officer following a CFTC demand; the company has expanded its legal team in recent months (Bernard Goyder/Bloomberg)
• Meta makes its Meta Lab NYC pop-up on Fifth Avenue a permanent flagship location after signing a 10-year lease; it opened its first flagship store in LA in 2025 (Kanika Talwar/WWD)
• Sources: Coinbase and Zerohash are among the companies vying to issue Cloudflare's stablecoin, set to launch this year to support payments for the "agentic web" (Yueqi Yang/The Information)
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• Facebook launches Creator Fast Track, offering big Instagram, TikTok and YouTube creators guaranteed monthly pay and boosted reach to post on Facebook (Zach Vallese/CNBC)
• Deezer reports a net income of €9M in 2025, its first profit since its 2007 founding, while revenue fell 1.4% YoY to €534M (Financial Times)
• Ramp data: Anthropic is capturing ~73% of all spending among companies buying AI tools for the first time, up from a 50/50 split with OpenAI in January (Madison Mills/Axios)
• Sources: several tech companies, including OpenAI, are encouraging the DOD behind the scenes to back away from designating Anthropic a "supply chain risk" (Mike Isaac/New York Times)
• Israeli startup Raven, which offers runtime monitoring and intervention in attacks as they unfold inside applications, raised a $20M seed (CTech)
• Paraform, which connects tech companies with specialized recruiters, raised a $40M Series B led by Scale VP (Natalie Breymeyer/Axios)
• The UK government withdraws a proposal to let AI companies train on copyrighted works unless creators opt out, after backlash from artists like Dua Lipa (Graham Fraser/BBC)
• Beautiful.ai, which makes AI tools to design presentation slides, raised $45M in non-dilutive financing from GC's Customer Value Fund and says it is profitable (Chris Metinko/Axios)
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