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• AI startup Reflection says it has signed a $1B+ deal to secure computing capacity from Nebius, including access to Nvidia chips, following a deal with SpaceX (Aditya Soni/Reuters)
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• Seattle-based Brinc Drones, which makes 911 response drones, raised $125M led by Motorola Solutions, bringing its total funding to more than $280M (Todd Bishop/GeekWire)
• Flex, which offers AI-based payment tools, credit, and more to mid-sized companies, raised a $70M Series B1 led by Halo Fund, a source says at a $1.2B valuation (Aditya Soni/Reuters)
• Analysis: xAI has installed far more gas turbines without US permits at Colossus 2 than it has publicly acknowledged, impacting Black neighborhoods the hardest (Reuters)
• Discount airline Frontier partners with SpaceX to offer Wi-Fi for the first time from early 2027, as it targets customers willing to pay more for premium travel (Alison Sider/Wall Street Journal)
• Custom AI chip design startup TYLsemi raised $43M in early-stage funding led by Matter Venture Partners to build modular chips thanks to packaging tech advances (Mike Wheatley/SiliconANGLE)
• Sources and telecom data: a coordinated campaign of SS7 pings was used to track the locations of US personnel during the US-led strikes on Iran in late February (Financial Times)
• AI drug design startup Chai Discovery raised $400M led by Index at a $3.8B valuation, as it pitches its models as AI infrastructure for pharmaceutical companies (Michael J. de la Merced/New York Times)
• The European Commission approves €659M in German state aid to support four first-of-a-kind chip facilities in Germany, saying they will strengthen EU autonomy (Kirsti Knolle/Reuters)
• IBM reports preliminary Q2 revenue up 1% YoY to $17.2B, below $17.9B est., as CEO Arvind Krishna says customers are shifting spending to chips; IBM falls 20%+ (Amy Thomson/Bloomberg)
• New York Governor Kathy Hochul signs a moratorium blocking new environmental permits for data centers over 50MW for up to one year, the first state to do so (Lauren Feiner/The Verge)
• Survey: 57% of US women and 47% of men ages 18 to 29 say they get health and wellness information from influencers; women say they see such content more often (Aaron Smith/Pew Research Center)
• Nikita Bier says X made a "tweak to boost visibility of your posts to your mutuals", or those who users follow back, to avoid replies becoming a "battleground" (Lucas Ropek/TechCrunch)
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