• Apple supplier Luxshare fell in its Hong Kong trading debut, closing down 1.6%, after raising ~$3.1B in the city's biggest listing in 2026 so far (Bloomberg)
• Enterprise AI agent startup Lyzr is raising a $100M Series B at a ~$500M valuation, up from $250M in a Series A in 2026, and says agents wrote investment memos (Saritha Rai/Bloomberg)
• Internal US DOJ memo: attorneys working on digital currency cases should expect less cooperation from Binance, which is adding requirements for asset freezes (Leo Schwartz/The Information)
• US cybersecurity and data resilience company Rubrik plans to invest $500M+ in the UK over the next five years and establish its European headquarters in London (Paul Sandle/Reuters)
• Interpol and law enforcement agencies arrest 5,811 suspects and seize $293M in an operation combating social engineering scams and fraud across 97 countries (Sergiu Gatlan/BleepingComputer)
• Leaked renders via Android Headlines show the Samsung Galaxy Z Flip 8, Z Fold 8, Watch 9, and Watch Ultra 2; the Galaxy Z Fold 8 is likely the new wide foldable (Lawrence Bonk/Engadget)
• Sources: Sonos' layoffs include some top design and product executives, like VP of Design Dana Krieger; CEO Tom Conrad says the changes reduce management layers (Chris Welch/Bloomberg)
• The AI data center boom has led to surging demand for power transformers, with average lead times for orders, once measured in months, now stretching into years (Financial Times)
• A Brown University professor suspected his class used AI to cheat after a take-home midterm averaged 96%, prompting an in-person final, which averaged 48.6% (Emma Whitford/Inside Higher Ed)
• Companies are mobilizing internal groups of "AI champions" to drive adoption; BCG says 74% of front-line employees now use AI regularly, up from 51% in 2025 (Isabelle Bousquette/Wall Street Journal)
• Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised $473M (Bloomberg)
• Filings: Grubhub parent Wonder is raising hundreds of millions of dollars at a $9B valuation; a source says founder Marc Lore indicated he will contribute $200M (The Information)
• Cognition releases SWE-1.7, trained from Kimi K2.7 and available at 1,000 tokens/second, claiming it nears GPT-5.5 and Opus 4.8 on benchmarks at a lower cost (Cognition)
• Block agrees to pay $45M and offer live customer support for Cash App to settle claims by 46 US states that the company failed to protect users from fraud (Daniel Wiessner/Reuters)
• Sources: Reno-based AI chip startup Positron is in talks to raise ~$750M in two phases, at valuations of $3.5B in the first tranche and ~$5B in the second (Bloomberg)
| • Epilogue SN Operator Review: Super Nintendo Fun
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• We-Vibe Discount Codes and Deals: Up to 60% Off
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| • I quite fancy a Slate EV in a Crayola crayon color
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